Hawkwood acquiring Halcon’s E. Texas assets

Hawkwood Energy LLC, Denver, has reached a definitive agreement for a wholly owned subsidiary to acquire oil and gas properties in East Texas from subsidiaries of Halcon Resources Corp. for $500 million as the seller shifts its focus to the Delaware basin of West Texas. Source: News

BridgeTex Pipeline adding 100,000 b/d of Permian crude capacity

BridgeTex Pipeline Co. LLC, owned 50-50 by Magellan Midstream Partners LP and Plains All American Pipeline LP (PAA), is expanding the BridgeTex crude oil pipeline’s capacity from the Permian basin to 400,000 b/d from 300,000 b/d. The expanded capacity is expected to be available second-quarter 2017 following enhancements to existing pumps and related equipment. […]

Sinopec’s Tianjin refinery due new alkylation unit

China Petrochemical Corp. (Sinopec) has let a contract to a division of E.I. DuPont de Nemours & Co. to provide process technology and engineering for a new alkylation unit to be built at subsidiary Tianjin Petroleum & Chemical Corp.’s (TPCC) 15.5-million tonne/year integrated refining and petrochemical complex at Tianjin Binhai New Area, Tianjin, in northern […]

Hess writes down Equus development off Western Australia

US company Hess Corp. has decided to write down the full value of the proposed Equus gas-condensate development off Western Australia by $933 million (Aus.). The project has come off the boil because of the downturn in world oil prices and the high capital costs of development in Australia. Source: News

EPA risk management rule is problematic, trade groups tell Congress

The American Petroleum Institute, American Fuel & Petrochemical Manufacturers, US Chamber of Commerce and 18 other business groups asked congressional leaders to use the Congressional Review Act to disapprove the US Environmental Protection Agency’s final risk management practices rule covering accidental chemical releases. Source: News