oilandgas Tag
14 Sep Blackstone & ArcLight to buy AEP power plants for $2.1b
Blackstone Group LP (NYSE:BX) and ArcLight Capital Partners LLC are close to a deal to buy four power plants from American Electric Power Co. (NYSE:AEP) for US$2.1 billion.
13 Sep Anadarko to buy Freeport’s Gulf of Mexico assets for $2b
Anadarko Petroleum (NYSE:APC) has announced it will buy deepwater Gulf of Mexico assets from Freeport McMoRan (NYSE:FCX) for US$2 billion.
08 Sep Shell begins production at Stones in the Gulf of Mexico
Shell (LSE: RDSB) has announced that production has started from the Stones development in the Gulf of Mexico, which is expected to produce around 50,000 barrels of oil per day by the end of 2017.08 Sep Enbridge to buy Spectra Energy in $28b deal
Canadian pipeline operator Enbridge Inc. (TSX:ENB) has finalised a deal to buy Houston-based Spectra Energy Corp (NYSE:SE) for US$28 billion to create North America’s largest energy infrastructure company.05 Sep Oil price rises after Russia & Saudi Arabia sign pact
The price of oil has jumped by around 3% after Russia and Saudi Arabia reached a deal to set up a task force to review oil market fundamentals and look for ways to sustain the oil market.
02 Sep BP signs 2nd shale gas contract with China’s CNPC
Oil giant BP (LSE:BP) has announced a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).
30 Aug Chevron signs 10-year LNG agreement with China’s ENN
Chevron Corp (NYSE:CVX) has signed a 10-year term supply deal with China’s ENN to supply up to 650,000 metric tonnes per year of LNG to China from its global supply portfolio.30 Aug Shell divests Gulf of Mexico assets for $425m
Royal Dutch Shell Plc (LSE:RDSB), through its affiliate Shell Offshore Inc., has agreed to sell 100% of its record title interests in the Gulf of Mexico to EnVen Energy Corporation for US$425 million.