Even in darkness the Great Lakes are unmistakable. Astronaut Scott Kelly
This is the week that was in Smart Energy News.
Next week, it is ThanksGiving in the U.S., the busiest holiday week. Enjoy the holidays with your friends and family, but leave some time to browse through SEU, this website. Millions visit the site for reliable, breaking, smart energy news. Publisher's Note only deals with a selection of highlights. The site contains a lot more. Allow enough time to stay up to date on the latest in smart energy news.
Oil and Gas Industry Developments:
Statoil quits Exploration in Alaska: Says the leases in the Chukchi Sea are no longer economically attractive
The decision means Statoil will exit 16 Statoil-operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea.
Statoil Exits Alaska: (Spotlight)
Record high gas production by Repsol Bolivia: Beats expectations
Repsol Achieves Record Gas Production in Bolivia: (Oil and Gas)
Apache shifts focus to North Sea: Its assets contain 50 million barrels of additional recoverable reserves.
Apache Corporation Provides Highlights from its North Sea Region Update: (Oil and Gas)
Husky Energy has sanctioned Rush Lake 2, a new heavy oil thermal development in Saskatchewan: The Company's heavy oil thermal production is expected to reach about 80,000 bbls/day by the end of 2016, from about 18,000 bbls/day in 2010.
Husky Energy Approves New Heavy Oil Thermal Project: (Oil and Gas)
Intercontinental acquires Trayport’s Data technology Platform: The $650 million purchase price will be paid with 100% equity consideration comprising approximately 2.5 million shares of ICE common stock.
The Trayport Platform supports major stock exchanges and brokerage houses.
Intercontinental Exchange to Acquire Trayport from BGC Partners and GFI for $650 Million: (Utility News)
Australia approves Shell-BG merger: The Companies await China’s approval.
Shell-BG Merger Proposal Receives Australian Antitrust Clearance: (Oil and Gas)
USD Partners acquires the Casper, Wyoming, crude oil terminal: The Casper terminal assets include a unit train capable rail loading terminal, 900,000 barrels of tank capacity for storage and blending operations and a pipeline connection from Spectra Energy Partners LP’s Express crude oil pipeline.
USD Partners Acquires Casper Terminal and Increases Borrowing Capacity: (Oil and Gas)
Trilogy acquires Kaybob Duvernay play for cash consideration of $85 million: Asset consists of mineral rights
Trilogy Sale of Certain Duvernay Assets: (Oil and Gas)
Linc has only signed an MOU: The potential Australian Buyer is simply evaluating Linc’s Arckaringa basin assets.
Linc Energy Says Sale of its Arckaringa Basin Shale Oil Assets is False: (Oil and Gas)
BP has decided to sell its Decatur, Ala., petrochemicals complex: It is part of BP’s multi-billion dollar asset sale plan
BP Explores Sale of Alabama Petrochemical Facility: (Oil and Gas)
Asset Sales provide needed liquidity to Oil Companies: Asset sales have already been used to repay lenders
Increased Asset Sales Likely for US E&P Companies: (Oil and Gas)
Defaults continue: Coal sector default rate if four-times the oil and gas sector
US High Yield Default Rate Plagued by Energy Sector: (Oil and Gas)