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  1. Tesoro Logistics expands midstream asset base with $1.1 billion in deals

    Tesoro Logistics LP has made $1.1 billion-worth in assets acquisitions in an effort to expand is midstream portfolio. The firm has agreed to acquire crude oil, natural gas, and produced water gathering systems, and two natural gas processing facilities in North Dakota from Whiting Oil & Gas Corp. , GBK Investments LLC, and WBI Energy Midstream LLC for $700 million. In a separate deal, it has acquired terminalling and storage assets in Northern California from a subsidiary of Tesoro Corp. for $400 million. The North Dakota gathering and processing assets include more than 650 miles of oil, gas, and produced water gathering pipelines, 170 MMcfd of gas processing capacity , and 18,700 b/d of fractionation capacity in Sanish and Pronghorn fields of the Williston basin . The revenue from the assets is 90% fee-based and backed by acreage dedications from 10 producers. Tesoro says “the assets are well utilized based on current production levels and provide organic expansion opportunities that support continued drilling in existing well locations with attractive production economics.” The deal is expected to close early in first-quarter 2017. The Northern California terminalling and storage assets include 5.8 million bbl of crude oil, feedstock, and refined product storage capacity at Tesoro’s 166,000-b/d Golden Eagle refinery near Martinez, Calif., along with a marine terminal capable of handling up to 35,000 b/d of feedstock and refined product throughput. In connection with the deal, Tesoro and TLLP entered into long-term, fee-based storage and throughput and use agreements.

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    Tue, 22 Nov 2016

  2. Canyon Midstream to provide Tuscaloosa Marine Shale wellhead gas services

    Arroyo Midstream announced it has entered into an Interim Gas Processing and Marketing Agreement with Goodrich Petroleum Company.

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    Fri, 6 Sep 2013

  3. Canyon Midstream Partners to provide wellhead gas services in Tuscaloosa Marine Shale

    Arroyo Midstream Partners LLC, a subsidiary of Canyon Midstream Partners LLC, has entered into an Interim Gas Processing and Marketing Agreement with Goodrich Petroleum Company LLC for acreage in Louisiana and Mississippi which is prospective for the Tuscaloosa Marine Shale (TMS). 

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    Fri, 6 Sep 2013

  4. CTGC purchases US$1.2 billion of hydropower assets from Duke Energy-Brazil

    China Three Gorges Corp. (CTGC) has purchased Duke Energy's 2.09 GW hydropower business in Brazil for US$1.2 billion, making CTGC the second largest electricity producer in Brazil.  

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    Wed, 12 Oct 2016

  1. Duke Energy completes exit of international business in deals valued at $2.4 billion

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    Tue, 11 Oct 2016

  2. Four Corners methane study finds 10% of sources emit half of emissions

    An extensive airborne survey of a previously identified methane hot spot in the US Four Corners area found that just 10% of the individual observed sources contributed half of the emissions, the National Aeronautics & Space Administration reported.

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    Tue, 16 Aug 2016

  3. BP sanctions fast-track development of Egypt’s Atoll Phase 1

    BP PLC and Egyptian Natural Gas Holding Co. (Egas) have sanctioned development of the Atoll Phase 1 project in the North Damietta offshore concession in the East Nile Delta.

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    Mon, 20 Jun 2016

  4. BP sanctions fasttrack development of Atoll offshore Egypt

    BP and the Egyptian Natural Gas Holding Co. have sanctioned development of the Atoll Phase One project in the North Damietta Offshore concession in the East Nile Delta.

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    Mon, 20 Jun 2016

  5. Three months to prepare North Sea GSA platform for start-up

    Ithaca Energy says Petrofac’s modifications to the semisubmersible FPF-1 at the Remontowa shipyard in Poland, and the onshore scope and testing work, were completed as planned.

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    Mon, 15 Aug 2016

  6. Nigerian topping refinery due 10,000-b/d capacity expansion

    Niger Delta Petroleum Resources Ltd. (NDPR), a subsidiary of Niger Delta Exploration & Production PLC (NDEP), has let a contract to Chemex Modular LLC, New Waverly, Tex., to provide equipment and technological services for the planned expansion of its 1,000-b/d topping refinery in Ogbele field in ...

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    Wed, 7 Sep 2016

  7. Loan to support Cameroon gas field growth

    Gaz du Cameroun SA, a subsidiary of Victoria Oil & Gas PLC, has secured financing to support expansion of the Logbaba Gas Project, which supplies electric power and other industries in the Douala region of Cameroon.

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    Wed, 13 Apr 2016

  8. PDO lets contract for Omani oil, gas processing installations

    Petroleum Development Oman (PDO), through contractor Petrofac Ltd., has let a contract to a subsidiary of Veolia Environnement SA, Paris, to provide process water treatment solutions for industrial water on PDO’s Rabab Harweel Integrated Project (RHIP) oil and gas operations near Harweel in ...

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    Thu, 17 Mar 2016

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