Industry News

Canada's Enbridge Inc. said recently it would buy Spectra Energy Corp of Houston in an all-stock deal valued at about CAD $37 billion (USD $28 billion) to create the largest North American energy infrastructure company.

BP, whose US headquarters are located in Houston, Texas, announced that it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC).

Oil and gas giant, Exxon Mobil, is seeking a potential buyer for its refinery located in Billings, Montana, one of only two XOM refineries in the US that is not integrated with its chemical operations.

Royal Dutch Shell, through its affiliate Shell Offshore Inc., has reached an agreement to sell 100 per cent of its interest in the Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corp.

Chevron Corporation has announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a binding LNG Sales and Purchase Agreement (SPA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from Chevron’s global supply portfolio.

The first LNG (liquefied natural gas) shipment to China from the lower 48 states arrived last week, marking the official entry of the US into the Asian LNG market.

Simmons Edeco, which has a North American office located in Calgary, Alberta, recently announced that UK energy supplier SSE Hornsea Limited’s gas storage facilities has awarded the company a multi-million pound contract.

In this role, Morrison will have complete P/L responsibility, including sales and operations. He will report directly to Jonathan Hamp-Adams, General Manager of Grundfos USA.

USA natural gas production levels in the lower 48 states increased nearly 1 percent in July 2016, and averaged 73.3 billion cubic feet per day (Bcf/d), ending a five-month production decline, according to analysis from IHS Markit, a world leader in critical information, analytics and solutions.

Zahroof Valves Inc. (ZVI) has secured Series C funding for a next phase of expansion from Saudi Aramco Energy Ventures and existing investor NGP Energy Technology Partners.