SandRidge Energy Inc., Oklahoma City, has filed petitions under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Targa Terminals LLC, a subsidiary of Targa Resources Corp., Houston, has let a contract to KP Engineering LP (KPE), Tyler, Tex., to provide services related to construction of a previously proposed 35,000-b/d crude oil and condensate splitter at its Channelview, Tex., terminal on the Houston Ship Channel (HSC). Read Full Article Here For more great…
Forum Energy Technologies has delivered subsea pig launchers and receivers and laydown heads to an unnamed project offshore North Africa. Read Full Article Here For more great articles: Offshore RSS Feed
BP has doubled its interest in the Maersk Oil-operated Culzean development in the UK central North Sea to 32% after acquiring an additional 16% from JX Nippon. Read Full Article Here For more great articles: Offshore RSS Feed
Range Resources Corp., Ft. Worth, has agreed to acquire Memorial Resource Development Corp. (MRD), Houston, in an all-stock deal valued at $4.4 billion, including the assumption of MRD’s net debt of $1.1 billion as of Mar. 31. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
The Inpex Corp.-operated Ichthys LNG project has reached another milestone with completion of the prelaying of the 77-km chain and mooring system near Ichthys gas-condensate field in the Browse basin offshore Western Australia. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
New York Atty. Gen. Eric T. Schneiderman (D) asked the US Federal Energy Regulatory Commission to investigate whether Constitution Pipeline’s construction along portions of its right-of-way in the Empire State violated federal law, regulations, and authorizations. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
Statoil Holding Netherlands BV, a wholly owned unit of Statoil ASA, has agreed to take 50% interest in two licenses in the Thrace region of the European northwestern portion of Turkey from Calgary-based Valeura Energy Inc. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Light, sweet crude prices dropped moderately on the New York market May 13, holding above $46/bbl after a volatile week. Meanwhile, analysts appeared somewhat optimistic about the possibility of $50/bbl oil later this year. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
By LNG World News The United Stated Department of Energy recently informed that during the first quarter of 2016, Cheniere’s Sabine Pass export facility shipped 11.5 billion cubic feet of domestically produced LNG. The first cargo was shipped to Brazil on February 24, marking the start of exports of the U.S. shale gas to the…