Industry News

Copano Energy LLC will add 400,000Mcf per day of cryogenic processing capacity at its Houston Central complex in Colorado County, Texas, to meet producer demand in the Eagle Ford shale play.

MRC Global Inc. (MRC) today announced that it has signed an agreement to acquire the majority of the operating assets of Cherokee, Oklahoma based Chaparral Supply, LLC, a wholly owned subsidiary of SandRidge Energy, Inc.

Exxon Mobil Corp. plans to build a multi-billion dollar chemical plant in Texas. Anticipated to be online as early as 2016, the plant would increase Exxon Mobil's chemical production capacity.   North America's largest natural gas producer since the purchase of XTO Energy Inc.

   BP wholly owned subsidiary has signed an agreement to explore for oil and gas offshore Trinidad and Tobago.

The Federal Energy Regulatory Commission (FERC) approved a policy statement which outlined the ways in which it will advise the Environmental Protection Agency on requests for extended deadlines for electric generators to comply with the new mercury and air toxins standards rulings.

Irving, Texas-based privately-held oil and gas exploration and production company, Silver Creek Oil & Gas, LLC has received a USD100 million investment from New York-based private equity firm Crestview Partners.

  Twenty islands came together for the Achieving Sustainable Energy for All in Small Island Developing States Conference, adopting the “Barbados Declaration”.

The largest global distributor of valves, pipes and fittings and related products and services to the energy and industrial sectors, MRC Global Inc. announced it's first quarter 2012 financial results.

   According to a new report by business intelligence expert GlobalData, operators have been making significant investments in competing for valuable areas in Canada's Montney shale play.

   The bank that ships the most commodities, Morgan Stanley has hired a liquefied natural gas tanker to haul a cargo the 14,500miles from the United States to Japan.