With a renewed interest over the last few years in oil and natural gas prospects in Alaska, Irving, TX-based Fluor Corp. is heading back to Alaska to open an office in Anchorage to support projects in the region.
Irving
Articles from Irving
ExxonMobil Builds Piceance Basin Position
ExxonMobil Corp. joined two other majors in recent days to build a bigger leasehold in natural gas plays onshore in North America.
Environmental Group Drops Opposition to Brunswick Pipeline
Emera Brunswick Pipeline Co. Ltd. (EBPC) is free to start construction of its pipeline to serve the Canaport LNG (liquefied natural gas) terminal project of Repsol YPF and Irving Oil now that the Friends of Rockwood Park (FORP) has dropped legal action opposing the project.
Environmental Group Drops Opposition to Brunswick Pipeline
Emera Brunswick Pipeline Co. Ltd. (EBPC) is free to start construction of its pipeline to serve the Canaport LNG (liquefied natural gas) terminal project of Repsol YPF and Irving Oil now that the Friends of Rockwood Park (FORP) last week dropped legal action opposing the project.
Industry Briefs
Canaport LNG LP, the partnership of Repsol YPF and Irving Oil, plans to construct a third 160,000 cubic meter liquefied natural gas (LNG) storage tank alongside its two existing tanks in St. John, NB. The Canaport LNG project, including procurement, engineering and construction, is 46% complete and scheduled to be in operation in late 2008. The third LNG tank was originally approved by the provincial and federal governments under the environmental impact assessment completed on the project in August 2004 and will meet or exceed all international and Canadian standards for safety, the company said. Like the two existing full-containment tanks currently under construction, the third tank will consist of an inner tank made of high-performance 9% nickel steel and an outer tank made of advanced concrete. At commissioning, the terminal will have a sendout capacity of 1 Bcf/d with a peak capacity of 1.2 Bcf/d and could be expanded to 2 Bcf/d.
Canaport Adding Third Tank to LNG Terminal
Canaport LNG LP, the partnership of Repsol YPF and Irving Oil, plans to construct a third 160,000 cubic meter liquefied natural gas (LNG) storage tank alongside its two existing tanks in St. John, NB, the company said Thursday.
Shareholders Like Cimarex-Magnum Hunter Combo
Cimarex Energy Co.’s $1.6 billion purchase of Irving, TX-based Magnum Hunter Resources was completed last week after shareholder approval. The deal grew out of a decision last fall by Magnum Hunter CEO Gary Evans to retire and examine strategic alternatives for the company.
Shareholders Like Cimarex-Magnum Hunter Combo
Stockholders approved Cimarex Energy Co.’s $1.6 billion purchase of Irving, TX-based Magnum Hunter Resources (see Daily GPI, Jan. 27). The deal follows a decision last fall by Magnum Hunter CEO Gary Evans to retire and examine strategic alternatives for the company (see Daily GPI, Oct. 8, 2004). Evans started Magnum Hunter with $1,000 nearly 20 years ago and built it into a $1.8 billion asset portfolio.
Cimarex to Buy Magnum Hunter in $1.96B Stock Deal
Denver-based Cimarex Energy Co. announced that it will buy Irving, TX-based producer Magnum Hunter Resources in a stock deal valued at about $1.96 billion, including the assumption of $645 million in Magnum Hunter debt and $15 milion from Magnum Hunter’s share in the TEL Offshore Trust. The purchase price amounts to about a 15-20% premium compared to where Magnum Hunter’s shares had been trading prior to the announcement.
Cimarex to Buy Magnum Hunter in $1.9B Stock Deal
Denver-based Cimarex Energy Co. announced that it will buy Irving, TX-based producer Magnum Hunter Resources in a stock deal valued at $1.94 billion as of Wednesday morning, including the assumption of $645 million in Magnum Hunter debt.