Houston Chronicle Anticipated split will create two publicly traded companies. The French half of Houston and Paris oil field service company TechnipFMC has revealed its new company name months ahead of an anticipated split that will create two publicly traded companies. Created by the July 2017 merger of Paris-based Technip and Houston-based FMC Technologies, TechnipFMC announced in August that the
By Tyler Losier, Energy Reporter, Oil & Gas 360 Acquisition of Lineal Star completed in an all-stock transaction Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its previously announced acquisition of Lineal Star Holdings on Monday through an all-stock transaction by entry into an agreement and plan
By Tyler Losier, Energy Reporter, Oil & Gas 360 Bechtel and Cheniere deliver seventh LNG train since 2015 Cheniere Energy’s Corpus Christi Liquefication export terminal, built by construction and project management company Bechtel, has delivered its first commissioning cargo from Train 2 of the facility, located on the La Quinta Channel on the northeast side of Corpus Christi Bay in
From BNN/Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The line will add 590,000 barrels
Cheniere Energy, Inc. (ticker: LNG) made a positive final investment decision, clearing the way for its Train 3 project at Corpus Christi to reach the goal line. Cheniere said it plans to issue a full notice for Bechtel Oil, Gas and Chemicals, Inc. to continue construction. The construction began in late 2017 under limited notice to proceed, but with the
Severe temperatures and extreme prices push FERC toward pipeline approval; will bring Marcellus gas to Pa., NJ customers According to PennEast Pipeline Company LLC, the Federal Energy Regulatory Commission (FERC) recognized the need for and the public benefit of the PennEast pipeline and issued an order on January 19, 2018, under section 7(c) of the Natural Gas Act – approving
Open season for Keystone’s additional capacity from Canadian oil producers to U.S. refineries secures 500,000 BOPD 20-year commitments The Keystone XL open season has concluded with 500,000 BOPD 20-year commitments secured. This allows the proposed project to proceed. TransCanada Corporation (ticker: TRP) said that interest in the pipeline remains strong and the company will continue to secure long-term volume contracts.
“The shale industry is hiring local workforce—that’s going to keep the money in the community…” Building pipelines to support the shale industry has contributed over one million working hours so far in 2015 for laborers in Ohio, according to the Laborer’s International Union of North America (LiUNA) in Ohio. The industry group expects that pipeline construction will constitute three million
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