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  1. Po Valley awarded production license for Teodorico field

    Po Valley Energy Ltd. , Perth—with interests in northern Italy—has been awarded a preliminary production concession for its Teodorico gas field in the northern Adriatic Sea. The field, which lies in the AR94PY license area, was found and held by Eni SPA in 25 m of water. It lies outside Italy’s 12 nautical-mile exclusion zone. The field has five wells already drilled and tested by Eni and comes with a full suite of 3D seismic coverage acquired by the former operator. Po Valley will now commence the environmental approval process and expects to submit the appropriate documentation during first-half 2017. When the government has approved the environmental impact assessment and a full production concession granted, Po Valley intends to drill two production wells, install a platform and connect Teodorico to Eni’s nearby Naomi Pandora offshore gas processing facility . Development design, including well locations, is already complete. The company expects it will be able to move swiftly to commercial production. Po Valley expects to finance the development with a farm-in partner experienced in offshore drilling . Teodorico has 2C contingent resources of 47 bcf of gas. Po Valley already operates two onshore gas processing plants in northern Italy where the company has also embarked on an onshore development and production program. It expects to bring Bezzecca gas field on stream in January 2017.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  2. 1Derrick US M&A weekly update

    1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of November 21st to November 25th.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  3. EPA releases final control techniques guidelines for existing oil and natural gas sources

    In its latest effort targeting emissions from the oil and gas industry, EPA recently released final Control Techniques Guidelines for reducing VOC emissions from existing oil and natural gas equipment and processes. The CTGs represent EPA’s Reasonably Available Control Technology recommendations ...

    Online Articles

    Online Articles

    Thu, 10 Nov 2016

  4. Howard Energy Partners secures $353M for Nueva Era Pipeline project

    Nueva Era Pipeline LLC, a Howard Midstream Energy Partners LLC subsidiary, has closed on $353.3 million in project financing for the construction of the Nueva Era pipeline project.

    Online Articles

    Online Articles

    Wed, 16 Nov 2016

  1. Legislation on oil sands emissions filed

    Online Articles

    Online Articles

    Wed, 2 Nov 2016

  2. 1Derrick US M&A weekly update

    1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of October 24 – October 28.

    Online Articles

    Online Articles

    Mon, 31 Oct 2016

  3. ETP to buy interests in PennTex Midstream

    Energy Transfer Partners LP (ETP) has agreed to acquire certain interests in PennTex Midstream Partners LP from various parties for $640 million.

    Online Articles

    Online Articles

    Wed, 26 Oct 2016

  4. US gas processing plants due new reporting rules, EPA says

    The US Environmental Protection Agency is planning to propose regulations that require natural gas processing plants to begin reporting toxic chemicals released from their sites for inclusion in the federal Toxics Release Inventory (TRI).

    Online Articles

    Online Articles

    Tue, 27 Oct 2015

  5. Statoil lets contract for Norwegian processing plants

    Statoil ASA has let a long-term contract to Prezioso Linjebygg AS of France to provide insulation, scaffolding, and surface treatment (ISO) maintenance services at the Sture and Kollsnes processing plants in western Norway.

    Online Articles

    Online Articles

    Fri, 19 Feb 2016

  6. Shell lets contract for Scottish gas processing plants

    Royal Dutch Shell PLC has renewed a contract with Wood Group PLC, Aberdeen, to provide industrial services to the company’s gas processing assets in Scotland.

    Online Articles

    Online Articles

    Mon, 28 Mar 2016

  7. American Midstream, JP Energy to merge, form $2-billion MLP

    American Midstream Partners LP has agreed to acquire 100% of JP Energy Partners LP in a unit-for-unit merger, creating a $2-billion midstream master limited partnership (MLP) with primary operations in the Permian, Eagle Ford, Bakken, and Gulf of Mexico.

    Online Articles

    Online Articles

    Mon, 24 Oct 2016

  8. EPA guidelines aim to help curb oil, gas VOC releases in US Northeast

    The US Environmental Protection Agency issued final control techniques guidelines (CTGs) for reducing emissions of volatile organic compounds (VOCs) from existing oil and gas operations in Northeastern and Mid-Atlantic US states on Oct. 20. The CTGs are not regulations, but recommendations to state ...

    Online Articles

    Online Articles

    Fri, 21 Oct 2016

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