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.
China Petroleum & Chemical Corp. (Sinopec) said on Tuesday it has approved development plans for its Shunbei onshore oil and gas field, in the country’s northwest region, with commercial production expected by 2020.
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.
Independent power producer Dynegy said Monday it has an agreement to sell the 307-acre site of the former Brayton Point Power Station in Somerset, Mass., for an undisclosed price to Commercial Development Company Inc., of St. Louis.
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.
The board of directors of Russian oil major Rosneft approved last week a five-year crude oil supply deal with CEFC China Energy Company starting in January 2018, Rosneft said Monday in a security filing.
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.