To accelerate upstream development by its U.S. onshore exploration business, Tulsa-based Unit Corp. agreed Thursday to sell a half-stake in natural gas processing subsidiary Superior Pipeline Co. LLC for $300 million.
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Construction of Dow Chemical Co.’s world-scale ethylene production facility in Freeport, TX, is complete. The ethylene unit is in commissioning and expected to enter operation by mid-year, the company said.
Baker Hughes Inc. late Tuesday said it was teaming up with a Goldman Sachs unit and a private equity firm to create a pure-play North American land pressure pumping company under the BJ Services Co. brand.
Tucson Electric Power (TEP) has announced it will end its use of coal in favor of natural gas in its largest local generation plant two years ahead of previous plans. TEP officials cited regional clean air and increasing tougher federal emissions standards as drivers for the move.
Portland General Electric Co. (PGE) opened the new year with an additional 220 MW of natural gas-fired generation with the opening of its Port Westward Unit 2, which began commercial operation last Tuesday.
Two controversial proposals for the robust Bakken oil patch in North Dakota came to an end Monday with more of a whimper than a bang, according to the three-member Industrial Commission.
Pennsylvania’s Environmental Hearing Board on Wednesday ruled that it does not have “original jurisdiction” to approve orders for well spacing and drilling units — or requests for forced pooling — as they’re referred to in the state.
A unit of Halliburton Co. on Thursday agreed to plead guilty to one misdemeanor count of destroying evidence in connection with the April 2010 Macondo well blowout in the deepwater Gulf of Mexico, the U.S. Department of Justice (DOJ) said. The settlement is subject to district court approval.
Halcon Field Services, a unit of Halcon Resources Corp., is proposing to build a storage and rail-loading terminal for Utica Shale oil at the Ohio Commerce Center industrial rail park in the village of Lordstown, in Trumbull County, OH. Plans call for four bay truck racks, a 20-rail car loading platform, and six 90,000 bbl storage tanks. The $50-$60 million project is to be completed in three phases, with the first phase expected to go into service by the end of this year. A zoning variance was recently approved to allow construction to begin.