In a merger that would create a formidable onshore oilfield services company, Superior Energy Services Inc. on Monday agreed to pay $2.7 billion in cash and stock to buy Complete Production Services Inc. — a 62% premium to Complete’s closing share price on Friday.
Approvals
Articles from Approvals
Enterprise: Former Partner Wasn’t Spurned
A lawsuit filed by Energy Transfer Partners LP against Enterprise Products Partners LP and Enbridge Inc. over an abandoned proposal to construct an oil pipeline from Cushing, OK, to Houston “is about a company…trying to get in the courthouse what it could not achieve in the marketplace,” Enterprise said in a motion for summary judgment.
Proposed Pipeline Would Carry Shale Oil to Gulf Coast
A proposed pipeline to carry crude oil currently stranded at Cushing, OK, to higher-priced markets in Houston would also serve crude production from established and emerging shale plays in the Midcontinent, the project’s backers said.
Encana Taking Piece of Kitimat LNG Project
Encana Corp. is taking a 30% stake in the planned Kitimat liquefied natural gas (LNG) export terminal on the west coast of central British Columbia (BC) and its associated gas pipeline, the Calgary-based company said Friday. Encana is joining units of Apache Corp. and EOG Resources Inc. in the project, which will target Asian markets with western Canadian gas supplies.
Colorado Greenlights Xcel’s Coal-to-Gas Plans
All Denver area power plants by the end of 2017 would burn natural gas instead of coal under a package of tentative approvals by the three-member Colorado Public Utilities Commission (CPUC).
Colorado Greenlights Xcel’s Coal-to-Gas Plans
All Denver area power plants by the end of 2017 would burn natural gas instead of coal under a package of tentative approvals by the three-member Colorado Public Utilities Commission (CPUC).
Canadian Study Finds Inadequate Regulations Address Hydrofracking
Canada nor its provinces have adequate regulations in place to address the scale or cumulative impact of hydraulic fracturing (hydrofracking) on water resources, according to a report issued on Thursday by the water program at the University of Toronto’s Munk School of Global Affairs.
Canada Accelerates Regulatory Reviews
Canadian regulatory approvals will be completed as much as a year faster for natural gas and oil projects such as long-haul pipelines as a result of an efficiency measure adopted by the Conservative regime in Ottawa, the National Energy Board (NEB) predicted.
Canadian Regulator Predicts Faster Reviews With New Measure
Canadian regulatory approvals will be completed as much as a year faster for natural gas and oil projects such as long-haul pipelines as a result of an efficiency measure adopted by the Conservative regime in Ottawa, the National Energy Board (NEB) predicted.
Canadian Regulator Predicts Faster Reviews With New Measure
Canadian regulatory approvals will be completed as much as a year faster for natural gas and oil projects such as long-haul pipelines as a result of an efficiency measure adopted by the Conservative regime in Ottawa, the National Energy Board (NEB) predicted.