Belayim Petroleum Co. (Petrobel), a joint venture of wholly owned Eni SPA subsidiary IEOC Production BV and Egyptian General Petroleum Corp., has let a contract to a division of Siemens AG to provide processing equipment for a gas plant connected to the first-phase development of deepwater Zohr natural gas field on the the Shorouk block […]

AltaGas Ltd. of Calgary has reached final investment decision (FID) to move forward with construction of the company’s proposed North Pine propane extraction plant about 40 km northwest of Fort St. John, BC. Source: News

American Midstream Partners LP has agreed to acquire 100% of JP Energy Partners LP in a unit-for-unit merger, creating a $2-billion midstream master limited partnership (MLP) with primary operations in the Permian, Eagle Ford, Bakken, and Gulf of Mexico. Source: News

Venezuela’s national oil company likely will be a significant force if reforms are launched successfully to repair the badly damaged national economy and living conditions, speakers at an Oct. 18 Brookings Institution discussion generally agreed. But some also questioned whether Petroleos de Venezuela SA (PDVSA) itself has been damaged so badly by years of neglected […]

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of petroleum demand, rose 1% in September from the same period last year, but were down 2.6% from August to average 19.6 million b/d. September deliveries were the highest deliveries for the month in 9 years. Source: News