Post Tagged with: "Expansion"
US Economy Slowed to 2.1% Growth Rate in Second Quarter
From AP News
The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.
The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down …
McDermott Awarded Offshore Engineering Contract by Qatar Petroleum
McDermott Awarded Sizeable Offshore Engineering Contract by Qatar Petroleum
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Plains Midstream Canada Makes Expansion
Plains Midstream Canada Announces Rangeland Pipeline Expansion
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Aramco Expands and Signs Downstream Deals
From Reuters
Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.…
Magellan Midstream Looks to Expand West Texas Pipeline System
From PR News Wire
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today a new open season to solicit additional commitments from shippers to potentially further expand the western leg of its refined petroleum products pipeline system in Texas. Binding commitments …
Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account
Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment
In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …
Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018
Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.
“The …
Halcón Resources Keeps Expanding in 2017 and 2018
Halcón Resources Corporation (ticker: HK) averaged 6,283 BOEPD in Q4 2017, comprised of 70% oil, 15% NGLs and 15% natural gas. The company generated total revenues of $25.3 million for the fourth quarter of 2017, but reported a net loss …
Halcon Resources Snaps Up 22,617 Delaware Acres
Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million.
The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after …
NuStar Energy Expanding Permian Takeaway by 70,000 BPD
NuStar Energy L.P. (ticker: NS) has started its binding open season involving a second capacity expansion of its Permian crude system. The Permian Crude System Expansion No. Two will expand upon the system’s current capacity. Certain destinations along the company’s …
