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InterOil PNG purchased by Total for up to $3.6 billion

PERTH (Reuters) – France’s Total <TOTF.PA> has agreed to buy a 61.3 percent stake in InterOil’s <IOC.N> Papua New Guinea gas fields for up to $3.6 billion, as part of a plan to build a liquefied natural gas (LNG) export plant. Under the agreement, Total will take a share of that size in InterOil’s petroleum retention license 15 — which ...

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Tech companies seeing big success in oil and gas

Kerry Frank Comply365

By Jason Spiess Technology has played a pivotal role in launching the current shale revolution in Western North Dakota and across the country.  So much so, many energy experts initially were calling it a technology boom rather than a shale or oil boom. It was the late-George Mitchell’s innovations with hydraulic fracturing and horizontal drilling that laid the groundwork for ...

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Skidmore solar plan given the OK

solar power

GREENFIELD — Skidmore College’s contentious plan to build a giant solar array received the go-ahead from the Town Board Thursday night, despite local opposition that it would mar the mostly rural character of the town’s Denton Road corridor. Town Board members approved the college’s plan for a two-megawatt solar power system on its 120-acre field in a 4-to-1 vote. In ...

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Natural gas report indicated hidden environmental risks

natural gas

WASHINGTON, D.C. — There could be hidden environmental impacts of replacing coal with natural gas, a new report says. While burning shale gas instead of coal in power plants releases less than half the greenhouse gas emissions than coal, the shale boom also has set into motion additional sources of pollution, the report says. Released Thursday by the Environmental Integrity ...

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Austin, TX ranks first nationally for jobs, Charleston 11th

roughneck oil

AUSTIN, TX – In addition to increased tax revenue and jobs, a robust local oil and gas industry has helped bring national recognition to the area. The Greeley Metropolitan Statistical Area, which encompasses all of Weld County, cracked the top 10 for large cities in the recent Best-Performing Cities index, released annually by the Milken Institute, ranking cities on how ...

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Marathon to build liquids pipeline from Utica shale

pipeline

AKRON, OH – Marathon Petroleum Corp. is proceeding with a new 49-mile pipeline from the Utica shale in eastern Ohio to its Stark County refinery. The company discussed the $140 million pipeline to transport shale liquids on Wednesday in a conference call with financial analysts. The Cornerstone Pipeline, as it is being called, will run from Harrison and Carroll counties ...

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Ice storm oilfield impact lingers

drill pad snow

ODESSA TX – The ice storm the weekend before the holiday continued to hinder oil production operations for several Permian Basin companies on Wednesday as another storm was forecast to move in later this week. At least four public companies — Pioneer Natural Resources, Legacy Reserves, Laredo Petroleum Holdings and Energen Resources — all recently reported to investors that company ...

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Oil exports, coal woes lead energy trends

coal train

HOUSTON, TX – The prospect of U.S. oil exports and an increase in coal-related bankruptcies are likely to be major topics in energy circles next year, according to a discussion with lawyers from a leading firm serving the industry. More oil drilling activity in West Africa also will create buzz, as will the changing resources of the U.S. electric grid, ...

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Hiland gas pipe permit delayed by ND PSC

brian kalk psc

BISMARCK, ND – The North Dakota Public Service Commission is delaying a decision on an application for a natural gas pipeline site involving a company that was operating without a permit. Commissioner Julie Fedorchak asked that a decision on the siting application for a 6.5-mile natural gas pipeline in Burke County be delayed until the commission’s Dec. 18 meeting. All ...

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