The Tulsa, Okla.-based company is working to quickly reduce debt just two weeks after closing its $2.75 billion acquisition of privately held RKI Exploration & Production LLC.
Fire started hours after province's energy regulator said it would shut in 95 pipelines operated by Nexen, because of safety issues identified after large oil-related spill in July, Reuters said.
The pipeline will deliver light sweet crude from the Bakken and Three Forks to Patoka, Ill. Terminals are planned for Stanley, Ramberg, Epping, Trenton, Watford City and Johnson Corner, N.D.
The largest distillation unit’s full capacity is 250,000 barrels per day, and BP did not specify when full capacity will be reached after the restart.
Natural resources contamination resulted from refineries in Bayonne and Linden, N.J., and elsewhere. Some surface water damages claims can still be pursued, said John Hoffman, acting attorney general, Reuters said.
After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.
Magnum Hunter, which has struggled with weak gas prices, said in June that it expected to raise up to $700 million by selling its stake in Eureka Hunter, Reuters reported.
Denver-based Evolution was launched in July and provides greenfield and strategic acquisition solutions to operators in the Rockies, Bakken Shale, Permian Basin, Midcontinent and Appalachia.
Valero Energy Corp.'s Texas City refinery continued flaring on Aug. 20 after a power transformer suffered an outage. A portion of the refinery seemed lack power, a Reuters witness said.
Syncrude is a 326,000 barrel per day mining and upgrading project in northern Alberta, at which mined oil sands bitumen is upgraded into refinery-ready synthetic crude, Reuters said.
Saudi Arabia could pump 50 million cubic feet per day of shale gas in 2016, Reuters reported. Unconventional gas potential was appraised in the northwest, Eastern Province and Empty Quarter.
Veolia's proprietary AnoxKaldnes MBBR biological treatment and its CoLD Process advanced evaporation and crystallization technology will be used to treat completion flowback, produced water and other water byproducts.