Group

Canadian Pan Ocean Ltd., funded by Asian investors, has put together an operating company in the liquids-rich Duvernay Shale in southwestern Alberta, executing a binding term sheet for a farm-out agreement with Canadian producer Mako Hydrocarbons Ltd. for the producer’s 50% working interest in its Alberta Joint Venture (AJV).

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said last week before a crowd at IHS CERAWeek 2013 in Houston.

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said Wednesday before a crowd at IHS CERAWeek 2013 in Houston.

Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG) have completed an amendment to give EMG a larger stake in their joint venture (JV) in the Utica Shale.

MarkWest Utica EMG LLC has clinched an agreement with Rex Energy Corp. to expand its Utica Shale midstream infrastructure.

Integrys Energy Group’s Trillium CNG opened another fueling location for compressed natural gas (CNG) at a public transit center in Glenwood Springs, CO. The Roaring Fork Transportation Authority expects about one-third of its public transit buses will be running on CNG by this fall. Trillium builds and operates natural gas fueling stations throughout the nation. Trillium has been building these fueling stations for 20 years and won the contract with Roaring Fork through a competitive bid. The transit authority bills itself as the first rural bus rapid transit system in the nation, drawing recognition from the Obama administration last year. The new system will operate with CNG buses between Glenwood Springs and Aspen.

German energy giant E.ON Group will be opening an office in Chicago later this year to trade in the U.S. physical natural gas and power markets.

Algonquin Power & Utilities Corp. (APUC) is assuming Laclede Group Inc.’s right to buy New England Gas Co. (NEG), Laclede said late Monday.

Based on success to date in developing a midstream system in the Utica Shale, The Energy & Minerals Group (EMG) said it plans to spend an additional $450 million for its joint venture (JV) with MarkWest Energy Partners LP.