Investment funds managed by Morgan Stanley Energy Partners have made a “majority equity investment” for an undisclosed amount in Durango Midstream, to support Durango’s midstream businesses in the Midcontinent region of the U.S.
Oklahoma City, Okla.-based Chaparral Energy has closed the $170 million sale of its North Burbank (Oklahoma) and Texas Panhandle enhanced oil recovery (EOR) assets to privately-held Perdure Petroleum.
Russia’s Rosneft commissioned on Tuesday a new oil and gas production cluster in Western Siberia, delivering the first commercial crude oil from the Erginsky cluster to the Transneft pipeline system, Kallanish Energy learns.
UK-based petrochemical group INEOS announced on Tuesday a farm-in agreement with Siccar Point Energy purchasing majority stakes at two exploration licenses in the Northern Gas Fields West of Shetland cluster, Kallanish Energy reports.
British oil major BP announced on Tuesday it’s selling a package of its interests in the Bruce assets in the North Sea to London-based Serica Energy for a total of £300 million ($397.3 million), Kallanish Energy reports.
Commodity trading firm Trafigura will invest in a second liquefied natural gas (LNG) floating storage and regasification (FSRU) import terminal in Pakistan, as growing demand in the country is expected to lead to a 19 million tonnes per annum (MTPA) LNG supply shortage.