Archives for 2017
Hess boosts 2017 drilling by $350 million
The oil company Hess Corp. is boosting its production and exploration budget to $2.25 billion this year, an increase of $350 million or 20 percent over last year’s budget. It includes additional rigs in North...
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Kinder Morgan receives final Canadian approval for $5.4 billion pipeline project
Kinder Morgan received the final environmental approval from British Columbia to proceed with its $5.4 billion Trans Mountain oil pipeline expansion. The project to ship heavy crude from oil sands in Alberta to Vancouver-area ports...
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Senate sets Perry nomination hearing for Jan. 19
The Senate Energy and Natural Resources Committee announced Thursday it would hold a nomination hearing for former Texas Governor Rick Perry next Thursday, the day before President-elect Donald Trump’s inauguration. Trump has nominated Perry to...
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Multifuels Midstream Group acquires Central Texas pipeline system
Houston-based Multifuels Midstream Group LLC has purchased a Central Texas gas pipeline system. Multifuels recently acquired the 124-mile pipeline from “a large publicly traded Master Limited Partnership,” according to a company statement. The company plans...
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Exxon strikes oil off coast of Guyana, again
Exxon Mobil Corp. has made a second oil discovery off the coast of Guyana, in a another reservoir 10 miles northwest of the large Liza field it discovered in 2015. The Irving-based oil giant said...
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