TransCanada Corp. has offered to sell a 49.3% interest in Iroquois Gas Transmission System LP, together with its remaining 11.8% interest in Portland Natural Gas Transmission System (PNGTS), to its master limited partnership, TC PipeLines LP (TCP). Source: News
Woolverton to lead Swift Energy
Sean Woolverton has been appointed chief executive officer of Swift Energy Co., Houston, effective Mar. 1. Source: News
BP to maintain reduced capital spending through 2021
BP PLC intends to maintain its existing financial frame through the 5 years to 2021, with organic capital expenditure kept $15-17 billion/year. Source: News
Aramco to buy interest in Malaysia’s RAPID project
Petronas has signed a share purchase agreement to sell Saudi Aramco a 50% ownership interest in its long-planned refinery and petrochemical integrated development (RAPID) project now under construction at the $27-28-billion Pengerang integrated complex (PIC) in southeastern Johor, Malaysia. Source: News
Woodside promotes LNG as a fuel within Western Australia
Woodside Energy Ltd. has signed an agreement with global digital industrial company GE to work together in support of the use of LNG as a fuel throughout Western Australia. Source: News
Canada advances new clean-fuel standard
Canadian refiners face toughened regulation of their products and facilities under plans for a clean-fuel standard published for comment by the federal government. Source: News
Shell, Mitsui take FID on Kaikias project in deepwater gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell PLC, and MOEX North America LLC, a wholly owned subsidiary of Japan’s Mitsui Oil Exploration Co. Ltd., have each taken the final investment decision on Phase 1 of the Kaikias deepwater project in the US Gulf of Mexico. Source: News
Administration to attack regulatory roadblocks, Trump tells governors
Saying that he had heard some state leaders complain about federal regulatory delays, US President Donald J. Trump told a delegation of US governors that his administration will try to remove federal regulatory roadblocks that have delayed important projects for environmental reasons. Source: News
MARKET WATCH: NYMEX crude oil prices gain slightly, staying around $54/bbl
Light, sweet crude oil prices for April gained slightly on the New York market Feb. 27, remaining within a trading range of recent weeks, settling at $54.05/bbl. Brent crude oil on the London market almost broke above $57/bbl on Feb. 27 before slipping to settle at $55.93/bbl. Source: News
Bashforth named Ikon Science chief executive officer
Mark Bashforth has been selected as chief executive officer of Ikon Science, a global geoprediction technology and services company. Source: News