Northern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common stock.
The proposed Annova LNG Brownsville natural gas liquefaction plant and export terminal along the Brownsville Ship Channel in Cameron County, Tex., would have adverse environmental impacts which mostly could be reduced to less-than-significant levels if recommended mitigation measures are implemented, FERC staff said on Apr. 19 in a final environmental impact statement.
The Colorado Oil & Gas Conservation Commission issued interim guidelines for operators on Apr. 19 as it began to develop new regulations to comply with new restrictions the state legislature adopted and Gov. Jared Polis (D) signed into law.
Saudi Aramco has reached a deal to acquire Royal Dutch Shell PLC’s share of the partners’ 50-50 joint venture Saudi Aramco Shell Refinery Co.(Sasref), which operates the 305,000-b/d refinery at Jubail, Saudi Arabia.
Kuwait Integrated Petroleum Industries Co. has let a contract to McDermott International Inc. to provide technology for a new unit at KIPIC’s grassroots 615,000-b/d Al-Zour integrated refining and petrochemical complex under construction in southern Kuwait.