Oilfield services (OFS) company Key Energy Services Inc. has reached an agreement with creditors on a restructuring plan, becoming the latest energy company to succumb to financial pressure from the oil and gas industry downturn.
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WellDog Launches ‘Sweet Spot’ Service to Find More Oil/Gas at Lower Costs
Laramie, WY-based services company WellDog has launched its Shale SweetSpotter technology, which detects, identifies and quantifies hydrocarbons in shale oil and natural gas wells.
Sunoco’s Mariner East Wins Another Legal Battle in Pennsylvania Court
In another legal victory for Sunoco Logistics Partners LP’s embattled Mariner East 2 (ME2) project, the Pennsylvania Commonwealth Court ruled 5-2 Thursday to uphold the pipeline’s powers of eminent domain as granted under state authority.
Black Hills Utility Seeks to Tap Farms With Upgraded NatGas Service
Seeking to move farm natural gas service in Iowa into the 21st century, a Rapid City, SD-based Black Hills Corp. utility has proposed to state regulators that the tradition of farms drawing supplies off interstate pipelines upgrade the safety of their widely varying connections.
Full Service on Tetco’s Penn-Jersey System Possibly Out Until November
Full service on Texas Eastern Transmission’s (Tetco) Penn-Jersey pipeline system, which runs from Delmont, PA, to Lambertville, NJ, might not be restored until November after an April explosion and fire on a portion of the system in Westmoreland County, PA, has its owners concerned about safety.
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.
Technip-FMC Merger Muscles Into Competition With Leading OFS Providers
Houston-based FMC Technologies Inc., a technology innovator in the subsea and on land, on Thursday agreed to merge with Paris-based Technip, an energy engineering and construction giant, in a transaction valued at $13 billion.
TransCanada Toll Modification Irks Shippers; NEB Opens Case
As depressed prices compel industry to make every penny count, TransCanada Corp. has set out to pare up to 3% from its natural gas Mainline tolls by discarding a legacy of obsolete delivery privileges for a handful of shippers.
TransCanada Toll Modification Irks Shippers; NEB Opens Case
As depressed prices compel industry to make every penny count, TransCanada Corp. has set out to pare up to 3% from its natural gas Mainline tolls by discarding a legacy of obsolete delivery privileges for a handful of shippers.
Basic Energy Standing Ready For Onshore Uptick
Expectations that maintenance projects that were deferred in the U.S. onshore last year would resume early in 2016 haven’t panned out as expected, Basic Energy Services Inc. CEO Roe Patterson said Thursday. However, production-related activities “appeared to have stabilized” in March, and there’s optimism, however slight, that work is improving steadily.