A unit of midstreamer/wholesale energy services provider Twin Eagle Resource Management said Thursday it’s entering the Appalachian Basin with the purchase of a frac sand terminal near Bridgeport, W.V.
Private equity firm District 5 Investments said today it’s investing up to $35 million in startup Pathfinder Resources, a limited liability company formed to acquire producing and non-producing oil and gas mineral interests, royalty interests and non-operated working interests across the U.S.
Qatargas, the world’s largest liquefied natural gas producer, said this week it’s signed a three-year sales and purchase agreement with BOTAŞ Petroleum Pipeline, Turkey’s state-owned crude and natural gas pipeline and trading company.
The Kurdish independence referendum scheduled to take place on Monday Sept. 25 won’t impact Iraq’s oil production, the Iraqi oil minister Jabar al-Luaibi said this week, saying the issue would be “political.”
The UK oil and gas industry, both offshore and onshore, have reacted to a study by University of Edinburgh scientists suggesting the UK hydrocarbons reserves may only last another decade, Kallanish Energy reports.