FMC-Technip Combination to Rival Baker Hughes

FMC-Technip Combination to Rival Baker Hughes

Houston-based FMC Technologies Inc., one of the leading subsea service providers in the world, as well as a surface technology provider, is merging with energy engineering and construction giant Technip, based in Paris, in a transaction valued at $13 billion.

May 19, 2016

Industry Brief

Idaho regulators are looking at the latest integrated resource plan (IRP) of PacifiCorp’s Rocky Mountain Power unit, which assumes modest 1.1% annual growth and some changes in coal-fired power generation, including the retirement of a unit and replacement with a new natural gas-fired generation facility. Salt Lake City-based Rocky Mountain is the PacifiCorp operating utility in Idaho, Utah and Wyoming. Part of the IRP filed with the Idaho Public Utilities Commission (PUC) calls for Rocky Mountain converting its Naughton Unit 3 coal-fired plant near Kemmerer, WY, to a natural gas-fired plant, and installing emissions control equipment on coal units in Utah (Hunter Unit 1) and Wyoming (Jim Bridger Units 3 and 4). The utility said that these plans are not final, due to the uncertainty of the future federal carbon tax legislation and the U.S. Environmental Protection Agency’s final new standards for power plants. The PUC said it is taking comments from the public through Aug. 8.

July 1, 2013

New Gas-Fueled Power Plant Set for Oregon

As part of its multi-sourced, multi-year integrated resource plan (IRP) approved by state regulators three years ago, (PGE) said Monday it has signed deals to develop a 440 MW natural gas-fired electric generation plant in Oregon, along with new wind power and electric transmission.

June 5, 2013

Economists’ Report: Cost of LNG Exports ‘Minimal’

Two economists have integrated their disparate economic models and concluded that the macroeconomic impact of U.S. liquefied natural gas (LNG) exports may be “minimal,” and that fears of domestic price spikes are overstated.

May 7, 2013

Chevron Projects, Maintenance Lift Spending, Cut Profits

Chevron Corp. on Friday said quarterly earnings were down 4.5% and revenue was off more than 6% as the integrated major spent for some big-ticket natural gas projects that won’t be ramping up for years, and it dealt with refinery maintenance issues in the United States.

April 29, 2013

Big Projects, Maintenance Cut into Chevron Profits

Chevron Corp.’s quarterly earnings fell 4.5% and revenue was off more than 6% from a year ago as the integrated major spent for some big-ticket natural gas projects that won’t be ramping up for years, and it dealt with U.S. refinery maintenance issues, executives said Friday.

April 29, 2013
Mexican Political Reforms Could Unlock Southern Eagle Ford Shale

Mexican Political Reforms Could Unlock Southern Eagle Ford Shale

There could be increased bilateral cooperation between the United States and Mexico in several energy sectors, including development of the Eagle Ford Shale south of the border, depending on developments in Mexico’s latest reform government, according to an expert on Mexican policy.

March 15, 2013

GreenHunter Grows South Texas Water Services Business

GreenHunter Water LLC has acquired two oilfield water service and construction companies operating in the Eagle Ford Shale of South Texas. White Top Oilfield Construction LLC and Black Water Services LLC have common management and have been serving Eagle Ford operators since 2008.

January 7, 2013

Idaho Regulators OK Avista Low-Growth Gas Plan

The Idaho Public Utilities Commission (PUC) has accepted Avista Utilities’ long-term integrated resource plan (IRP) in which shale gas-driven low prices and abundant supplies dominant the next 20 years. Customer demand is projected to grow at slightly more than 1% during the period.

January 2, 2013

ExxonMobil to Share Celtic with Imperial

Imperial Oil Ltd., Canada’s second-largest integrated producer, on Wednesday said it would pay US$1.56 billion to gain a 50% interest in Celtic Exploration Ltd. after the unconventional operator is taken over by ExxonMobil Corp.

November 30, 2012
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