Friday, December 20, 2024
Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

Oil Release in the Gulf of Mexico Triggers BSEE Panel Investigation

BSEE Gulf of Mexico Region Director Lars Herbst initiated a Panel Investigation Monday into an oil release from subsea infrastructure located about 40 miles southeast of Venice, Louisiana in water 4,463 feet deep. The flowline release, which began Wednesday morning in an area identified as Mississippi Canyon 209, was reported by offshore oil and gas operator LLOG Exploration Offshore, LLC.

Continental Reesources

Continental Resources Begins Exports of Bakken Crude Oil to Asia

Continental sells 1 MMBBL of Bakken crude to China After years trapped in the U.S. market, crude from the Bakken is going overseas. Continental Resources (ticker: CLR) announced today that it has sold crude specifically for export to China. Continental has sold 1,005 MBBL of Bakken crude to Atlantic Trading and Marketing, a subsidiary of Total (ticker: TOT). ATMI will

BP Launches Its Midstream IPO

$800 to $900 million will be raised BP Midstream Partners (ticker: BPMP) has launched its IPO today, marking another step in the process of spinning off the company’s pipeline assets. BP will offer 42,500,000 common units at an anticipated price of between $19 and $21 per unit. This equates to a total of between $800 and $900 million, making it