Daily Archives: September 22, 2016

InterOil shareholders agree to ExxonMobil offer

Shareholders of Singapore-based InterOil Corp. have overwhelmingly voted to approve ExxonMobil Corp.’s $2.5-billion bid for the company at a special meeting on Sept. 19. More than 80% of shareholders voted in favor of the deal. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Atlantic Coast Pipeline hires main construction contractor

Atlantic Coast Pipeline LLC, which has proposed a 600-mile, 1.5-bcfd natural gas transmission pipeline to bring Marcellus-Utica shale gas to Virginia and North Carolina, has signed a construction contract with Spring Ridge Constructors LLC, a joint venture of pipeline construction companies Price Gregory International Inc., a Quanta Services Inc. company; US Pipeline Inc.; SMPC LLC;…

Total targeting further savings

By LNG World News Image courtesy of TotalFrench energy giant and LNG player Total intends to cut its Capex guidance by another US$2 billion from 2017 due to low and volatile oil and gas prices, according to its new outlook. The company is looking to cut its Capex to $15 to $17 billion per year…