Chevron to expand upstream portfolio with Anadarko acquisition
Chevron is to acquire all of the outstanding shares of Anadarko Petroleum Corporation in a transaction valued at $33 billion. The total enterprise value of the transaction is $50 billion. The acquisition of Anadarko will significantly enhance Chevron’s already advantaged upstream portfolio and further strengthen its leading positions in large, attractive shale, deepwater and natural […]
Infrastructure investments needed for continued growth in U.S. exports
The U.S. will become a net exporter by 0.9 million barrels per day by the fourth quarter of 2020, the EIA forecasts in its latest Short-Term Energy Outlook. This means that in the full year, the U.S. will average net exports of 0.1 million barrels per day. In 2018, the U.S. imported an average of 7.7 […]
Chevron to become leading oil producer in the U.S.
The combined portfolios of Chevron and Anadarko will make Chevron the leading producer in the U.S., with forecast production of over 1.6 million barrels of oil equivalent per day (mmboed) in 2019, according to GlobalData. Following the recent news that Chevron will acquire Anadarko Petroleum Corp for $33 billion, Jonathan Markham, Upstream Oil & Gas Analyst […]
Woodside opens new LNG truck loading facility
Woodside has officially opened its new LNG truck loading facility at the Pluto LNG Project. The opening marks a key milestone towards development of a local LNG market for remote power generation and transport fuels. Following the completion of commissioning activities, the facility will initially be able to deliver seven LNG truck loadings per day, […]
Marathon Petroleum sign agreement to acquire terminal and retail locations
Marathon Petroleum Corp.’s wholly owned subsidiaries, including Speedway LLC, are to acquire a 900,000-barrel capacity light product and asphalt terminal and 33 NOCO Express retail stores in Buffalo, New York, from NOCO Incorporated. “This acquisition supports MPC’s Midwest product placement strategy and builds upon prior investments, including Speedway’s acquisition of 78 Express Mart locations in western New […]
FERC issues FEIS for Eagle LNG’s Jacksonville LNG export facility
Eagle LNG has received the Final Environmental Impact Statement (FEIS) from FERC to construct the Jacksonville LNG Export Facility. This is the final step in the environmental review process before the final Federal Authorisation Decision Deadline and anticipated FERC approval of the project. “Achieving this critical milestone is a significant step forward for Eagle’s Jacksonville […]
