Maintains 10% CAGR Distribution Through 2020 MarkWest Energy Partners (ticker: MWE), one of the largest Master Limited Partnerships (MLP) in the oil and gas industry, outlined its near-term plans in its 2015 Analyst Day on June 3. The Denver-based midstream provider is the second largest gas processor in the United States and has nearly 4,700 miles of pipeline in its
Exclusive Oil & Gas 360® Pre-OPEC Interview with Former Shell Oil President With all eyes peering toward Vienna tomorrow, analysts and experts are in near lockstep that OPEC will maintain production, with a few saying it may raise its cap which OPEC has out-produced for the last 12 months. Oil & Gas 360® interviewed John Hofmeister, former President of Shell
Cenovus Energy Inc. (CVE) (CVE) has agreed to purchase Canexus Corporation’s North American Terminal Operations (NATO), a crude-by-rail trans-loading facility, for $75 million, subject to adjustments. The acquisition is part of Cenovus’s strategy to create a portfolio of transportation options designed to maximize market access and capture global prices for its oil. “By purchasing this facility at an attractive price,
Antonio Brufau and Josu Jon Imaz announced the discovery at an event presided by the President of Bolivia, Evo Morales. Repsol is producing 18 million cubic meters of gas in that country, meeting its January 2016 output goals early. Repsol Chairman Antonio Brufau and Chief Executive Officer Josu Jon Imaz announced a new gas discovery in Bolivia at an event
The wells successfully drilled and tested during the latest exploratory campaign add to encouraging results from previous campaigns that indicate an area of significant potential. Production tests yielded good quality crude from wells which have encountered multiple pay areas. Alaska’s North Slope is an especially promising area for Repsol as it has already shown high oil potential. Repsol operates the
Story by The Associated Press PepsiCo is looking to launch a line of “craft” fountain sodas made with sugar in hopes of appealing to people who may shun big soda brands. The company, based in Purchase, N.Y., says Stubborn Soda will be made with sugar, rather than the high fructose corn syrup used to sweeten many other sodas like Coke
New tech requires fewer unplanned shutdowns, allowing for more production Carigali-PTTEPI Operating Company (CPOC) announced this week that new chemical treatment and cooling technology that was installed on its development platform in the Gulf of Thailand saved the company approximately $52 million per year. The tech, which was provided by General Electric (ticker: GE), reduced chemical consumption by 9.5 tons and
Between 100,000 and 120,000 wells were drilled and fraced from 2011 to 2014, but few led to issues with drinking water A draft assessment released by the Environmental Protection Agency (EPA) today claims that “hydraulic fracturing activities have not led to widespread, systemic impacts to drinking water resources,” according to an EPA press release. The assessment compiles date from 950
Weaker than expected demand in Asia prompts agency to lower future growth expectations The International Energy Agency (IEA) revised down its expectations for natural gas global demand growth to 2% from 2.3% a year ago in it its latest Medium-Term Gas Market Report. One of the main drivers behind the revision was lower than expected gas demand in Asia, said
Gevo’s Patented Technology to Make Jet Fuel From Cellulosic Wood Waste Will be Used in Demonstration Flight Sponsored by Northwest Advanced Renewables Alliance and Major North American Airline Gevo, Inc. (GEVO) announced today a breakthrough to its fermentation technology that will allow it to produce isobutanol from cellulosic feedstocks such as wood waste which can then be converted into Gevo’s
Atwood Oceanics, Inc. (ATW) announced today that Mark W. Smith has been appointed as the Company`s Senior Vice President and Chief Financial Officer. Mr. Smith will report directly to Rob Saltiel, President and Chief Executive Officer, and will have responsibility for the company`s global financial operations. The appointment has been approved by Atwood`s Board of Directors and was effective June
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