In an April 20 statement, Huntington Ingalls Industries (NYSE:HII) announced it completed discussions with Kinder Morgan Inc. (NYSE:KMI) regarding redevelopment of HII’s Avondale shipyard in Louisiana.
Brazos Midstream Holdings LLC partnered with Old Ironsides Energy LLC to pursue the acquisition and development of U.S. midstream assets.
The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.
Perpetual’s credit facility borrowing base was decreased on the transaction’s closing. It is now $100 million, down from $105 million. The West Edson property is in west-central Alberta.
Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.
The shares were priced at AU$35 each, and proceeds will be $135,000,035. San Ramon, Calif.-based Chevron will receive the cash proceeds upon settlement on April 2.
The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.
Australia-based Austin is operator of an 11,560-acre Pathfinder oil and gas property in Fremont County, Colo., and it agreed to have Pierre drill two wells back-to-back in April and May.
The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be integrated, reducing total ownership cost and increasing reliability and uptime.
Caza, of The Woodlands, Texas, was to drill an initial horizontal Wolfcamp well on the Reeves County acreage.
Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest.
The acquisition will not close until the Joliet Terminal becomes commercially operable.
|E&P||USD 300||Members only||Paloma Partners III LLC|
|E&P||CAD 321||Members only||Penn West Petroleum Ltd.|
|Mid||USD 102.3||Members only||Exterran Holdings Inc.|
|E&P||CAD 172||Members only||Undisclosed|