Apache, KAAC to form $3.5-billion pure-play Permian midstream C-corp

Apache Corp. will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition. At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantially all of Apache’s gathering, processing, and transportation assets at Alpine High in the Delaware basin. Source: […]

RockRose acquiring Dana’s Arran field stake

RockRose Energy has agreed to acquire Dana Petroleum (E&P)’s 20.43% interest in Central UK North Sea blocks encompassing Arran gas and condensate field for what it described as “nominal consideration.” Source: News

McNally named president and CEO of EQT

Robert J. McNally will become president and chief executive officer of EQT Corp. when the company completes the separation of its upstream and midstream businesses. Now chief financial officer, McNally will succeed David L. Porges, who has been interim president and CEO since the resignation in March of Steven Schlotterbeck. Source: News

Tatweer Petroleum lets contract to expand gas production

Tatweer Petroleum, a subsidiary of the National Oil & Gas Authority of Bahrain’s business development and investment arm NOGA Holding Co., has let a contract to Petrofac to provide additional works related to the service company’s previous installation of a new central gas dehydration plant for Tatweer in Bahrain field. Source: News

Yamal LNG Train 2 ships first cargo

The first shipment of LNG from Yamal LNG’s Train 2 in northern Russia has been loaded for shipment. Train 2 adds 5.5 million tonnes/year, doubling the plant’s capacity. A third 5.5 million-tpy train is expected to start operations early in 2019. Train 2 was commissioned 6 months ahead of schedule, according to majority-owner PAO Novatek. […]