Penn Virginia Corp. sells off assets in Arkoma basin
Penn Virginia Corp. is to sell all of its Arkoma Basin properties, together with certain other Mid-Continent properties, to an undisclosed buyer for US$ 30.5 million in cash.
Stay up to date with the latest news and updates from the pipeline industry.
Penn Virginia Corp. is to sell all of its Arkoma Basin properties, together with certain other Mid-Continent properties, to an undisclosed buyer for US$ 30.5 million in cash.
Holly Energy Partners has announced two expansion projects to provide 60,000 bpd of additional crude pipeline take-away capacity resulting from increased Delaware Basin drilling activity in southeast New Mexico.
Baker Hughes announced it has completed its first unconventional hydrocarbon shale hydraulic fracturing and stimulation project in Argentina for Repsol YPF in the Neuquén basin.
Oil ministers for Iraq, Syria and Iran have signed an Mou for the construction of a gas pipeline to transfer Iranian gas to Europe.
The Baker Institute has released a report entitled ‘Shale Gas and U.S. National Security’, which outlines the positive geopolitical consequences that shale gas could bring for the US.
Italy’s Ministry of Economic Development has given the final approval for the construction of a regasification terminal to be constructed by Api Nova Energia offshore of the town of Falconara Marittima. The new project is worth approximately €200 million and is estimated to commence in 2015.
The latest EIC Monitor tracking new active and future projects across the global energy industry shows a mixed bag of results this quarter with power leading the way while other sectors are slightly down.
BHP Billiton has bought Petrohawk for approximately US$ 12.1 billion. The transaction would provide BHP Billiton with operated positions in the three world class resource plays of the Eagle Ford and Haynesville shales, and the Permian Basin.
The UK government released its White Paper on Electricity Market Reform this week, setting forward its proposals to secure and decarbonise the UK’s electricity market. Jonathan Rowland, editor of World Coal, highlights some of the questions it raises.
Chesapeake Energy Corporation has announced investment plans to create a natural gas fuelled highway system across America and effectively reduce American dependence on OPEC whilst boosting the economy.
QGC, a leading Australian coal seam gas explorer and producer, has selected GL Noble Denton to provide verification services for the development of the Queensland Curtis LNG project, which is expected to supply more than 8.5 million tpa of LNG through the development of two LNG trains.
API CEO appeals to Obama after disappointing employment figures suggest more jobs needed for Americans.