News

Construction

Exxon Mobil, Plains All American To Build Permian Crude Pipeline

A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.

Reuters

Finance

Clear Creek Midstream Closes $300 Million Equity Commitment From EnCap Flatrock Midstream

Company is focusing on organic, greenfield projects.

Crude Oil

Oil Prices Rise As US Imposes Sanctions On Venezuela

Gains are reined in by fears of a slowing Chinese economy.

Reuters

Acquisitions & Divestitures

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

Crude Oil

Libya's El Sharara Oilfield Won't Reopen Until Occupiers Leave -NOC

Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Jan. 29, more than a month after the field closed because of a protest.

Reuters

Technology

Drillinginfo Partners With Hart Energy’s Rextag For New Midstream Analytics Service

Drillinginfo formed a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product dubbed Drillinginfo Midstream Infrastructure.

Crude Oil

Exxon Mobil OK's Project To Nearly Double Size Of Texas Refinery

Exxon Mobil has given final approval to an expansion that would nearly double the size of its Beaumont, Texas, refinery, said Reuters citing undisclosed sources.

Reuters

Regulation

US Imposes Sanctions On Venezuelan State Oil Firm PDVSA

The Trump administration on Jan. 28 imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro.

Reuters

Natural Gas

Enbridge Expects To Restore Part Of Damaged Ohio TETCO Pipe

Return to service scheduled to happen just days before a major deep freeze is forecast.

Reuters

Crude Oil

ADNOC Seals $5.8 Billion Refining/Trading Deal With ENI, OMV

‘One-of-a-kind’ deal diversifies partners’ interests.

Reuters

Natural Gas

WBI Energy To Construct Bakken Natural Gas Transportation Project

MDU Resources Group, Inc. (NYSE: MDU) announced Jan. 25 that subsidiary WBI Energy, Inc. plans to construct approximately 67 miles of new pipeline, compression and ancillary facilities to transport natural gas from core Bakken production areas in western North Dakota to an interconnection point with Northern Border Pipeline.

LNG

Report: Russia's Novatek Head Sees LNG From US As Chief Threat

Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.

Reuters

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