American Midstream, Southcross to form $3-billion combine

American Midstream Partners LP has agreed to acquire interests in certain subsidiaries of Southcross Holdings LP and merge Southcross Energy Partners LP into a wholly owned subsidiary in two separate deals valued at $815 million, including the repayment of net debt. The moves create a South Texas-focused partnership with an enterprise value of $3 billion. […]

Jordan refiner lets contract for expansion project

Jordan Petroleum Refinery Co. Ltd. (JPRC), the sole refining company of Jordan, has let a contract to KBR Inc. to provide basic engineering for a residue hydroprocessing unit to be built as part of the proposed expansion of its 100,000-b/d refinery at Zarqa, 35 km east of Amman. Source: News

Questions emerge on where FERC should focus reliability examination

The US Federal Energy Regulatory Commission has responded appropriately to US Energy Sec. Rick Perry’s call for an examination of whether competitive markets might be jeopardizing the US power grid’s resilience and reliability by forcing utilities to retire nuclear and coal-fired power plants prematurely, a panel of stakeholders generally agreed on Oct. 31. Source: […]

Canadian drilling hike seen for 2018

Drilling in Canada will increase to 7,900 wells in 2018 from 7,550 wells expected this year, according to the Petroleum Services Association of Canada. Source: News