WorldOil Baker Hughes sells reciprocating compression business to private equity fund Arcline Investment Management signed a definitive agreement to acquire the reciprocating compression division of Baker Hughes, a GE company. No fast exit from Permian oil for private equity, RS Energy says Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. Chevron seeks to turn Canada LNG plan into all-electric design Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world. WoodMac, P2 Energy Solutions join forces to deliver data-driven insight to US energy sector Wood Mackenzie, the global natural resources research consultancy, announced its partnership with P2 Energy Solutions to better analyse current and future well spacing. Tropical storm races toward Louisiana, curbing oil output Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans. Cenovus Energy reaches production milestone in northern Alberta Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology. Oil rides to seven-week high on Gulf storm, tightening U.S. supply Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped. What’s new in exploration Rebound seen in new offshore exploration Bakken shale remains North Dakota’s growth engine As the play’s oil production continues to advance, several pipeline projects may help to make the transportation of that crude easier. Colorado and New Mexico officials rescind the welcome mat for oil and gas Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.