Saturday, September 19, 2026

Southcross Energy Ends Merger Agreement with American Midstream

Southcross Energy Partners, L.P. (NYSE: SXE) announced that, effective July 29, 2018, it has terminated the previously announced agreement and plan of merger, dated as of October 31, 2017, with American Midstream Partners, LP (NYSE:AMID) whereby AMID had proposed to merge Southcross Energy into a wholly owned subsidiary of AMID.  Consistent with its rights and obligations under the merger agreement,

How BP Found Shale Profits with VR Oilfield Technology

From Reuters In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s (BP.L) shale business turn a profit for the first time. Thousands of automated wells feed data on their performance into the firm’s supercomputers each evening. If they show a need for maintenance, an Uber-style system summons a subcontracted repair firm to keep

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela Delays New Currency Rollout, Slashes More Zeroes

From Bloomberg President Nicolas Maduro late Wednesday announced a two-week delay to a planned currency redenomination to Aug. 20, when Venezuela will lop five zeroes off the refurbished bolivar and also link it to the country’s Petro cryptocurrency. By “anchoring” the Sovereign Bolivar, as the new currency will be called, the Petro will help stabilize the economy, Maduro said in