– Building $550 Million Condensate Storage and Marine Terminal – Cheniere Partners Taking on $5.8 Billion Debt to Build Train 5 at Sabine Pass LNG Export Facility Cheniere Energy (ticker: LNG) is moving forward now on several energy export fronts. Word came out this week that the company’s plans are moving forward to construct a $550 million export terminal in
BLM head Sally Jewell says old regulations were behind the times U.S. District Judge Scott Skavdahl of Wyoming granted a request by Colorado, North Dakota, Utah and Wyoming to temporarily delay new Bureau of Land Management (BLM) regulations today while the court decides if they are legal, reports the Denver Post. The new BLM regulations would have created a number of
Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG.TO)(CPG.TO) and Legacy Oil + Gas Inc. (“Legacy”) (LEG.TO) are pleased to announce today that Crescent Point has completed the acquisition of all of the issued and outstanding common shares of Legacy by way of arrangement (the “Legacy Acquisition”). Under the terms of the Legacy Acquisition, shareholders of Legacy exchanged each
Story by CNN The United States and Cuba on Wednesday plan to officially seal the renewal of diplomatic ties begun last year, announcing the reopening of embassies in Washington and Havana for the first time in more than half-a-century, two senior administration officials told CNN on Tuesday. “We will formally announce tomorrow that the United States and Cuba have reached
Britain Condemns Argentina’s Claim of Sovereignty Argentina and Great Britain are at odds, and offshore hydrocarbon development is getting swept up in the disagreement. On Saturday, an Argentinian federal judge ordered the seizure of the equipment and bank accounts of five oil and gas companies operating in the Falkland Islands, located about 435 miles off the coast of Argentina. Argentine
In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a wholly owned subsidiary consisting of 4.8 million gross acres of royalties and mineral fee titles in Alberta, Manitoba and Saskatchewan.
High Rates Continue from the Dry Gas Window On June 30, 2015, Gastar Exploration (ticker: GST) reported its Blake U-7H well located in the dry gas Utica Shale region of Marshall County, West Virginia, produced at a peak 48-hour gross rate of 36.8 MMcf/d. On a restricted flow basis, its post peak rate 30-day production averaged 20.2 MMcf/d. Gastar holds
The decision follows the release of the DEC’s 1,448-page report on hydraulic fracturing New York Department of Environmental Conservation (DEC) Commissioner Joe Martens announced today that hydraulic fracturing would be formally banned in the state of New York. The announcement comes after seven years of study by the DEC and the release of their 1,448-page report, which was released prior
New pipeline represents the first infrastructure deal between the two countries since the 1970s Pakistan is expected to sign an agreement with Russia for the construction of a 1,100 km (about 684 mile) liquefied natural gas (LNG) pipeline from Karachi in southern Pakistan to Lahore in the North. Under the partnership, Russia will provide $2 billion to lay the pipeline,
After four months, E.U. antitrust regulators approve Siemens deal for oil & gas compression equipment manufacturer E.U. antitrust regulators unconditionally approved Siemens’ (ticker: SIE) acquisition of Houston-based Dresser-Rand (ticker: DRC) for total consideration of $7.8 billion, according to a press release from Siemens. The E.U. antitrust regulator initiated a review after voicing concerns that after purchasing Dresser-Rand, Siemens would not
Cenovus Energy Inc. (CVE) (CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, HRP
Teekay Offshore Partners L.P. (Teekay Offshore orthe Partnership) (TOO) today announced that it will complete the acquisition of the Petrojarl Knarr(Knarr) floating production, storage and offloading (FPSO) unit from Teekay Corporation (Teekay) for its fully built-up cost of approximately $1.26 billion on July 1, 2015, subject to customary closing conditions. The FPSO has now completed all the required operational testing
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
