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Oil & Gas Industry Update

Western Gas to acquire Nuevo Midstream for $1.5 billion

Nuevo Midstream, LLC, a company that gathers, treats, processes, transports and markets natural gas, is to be acquired by Western Gas Partners, LP.
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Public opposition impacts tar sands development

Development of tar sands in North America has proved controversial, with opposition commonly taking the form of blockades, petitions and calls for businesses and organizations to divest their interests in the industry.
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Gazprom to take over huge gas storage facility in Germany

Russian natural gas giant Gazprom will acquire Western Europe's largest underground gas storage facility this fall, according to media reports.
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New natural gas processing plant serves Powder River Basin producers

A new natural gas processing plant serving the Powder River Basin has been inaugurated by Meritage Midstream Services.
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Petronas warns of 15-year delay to Canada LNG project if no tax deal

Petronas, Malaysia's state-owned energy company, has warned that a planned $11 billion liquefied natural gas (LNG) plant in Canada could be delayed by up to 15 years unless a favorable tax deal is secured by the end of the month.
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EnLink Midstream to acquire pipeline network from Chevron

Gulf Coast natural gas pipeline assets owned by subsidiaries of Chevron Corp. are to be acquired by EnLink Midstream.
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US natural gas production hits record high in August

Average gas production in the lower 48 states in August 2014 was 68.9 billion Bcf/d. That's the highest monthly average on record.
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Hydraulic fracturing fluids market worth $19.88 billion by 2020

The growth in shale drilling around the world is tied to an increase in demand for hydraulic fracturing fluids, which are used to create or expand fractures as well as to carry proppant into fractures in coalbed formations.
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Four US energy companies plan Southeast natural gas pipeline

Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources have formed a joint venture to build and own a 550-mile natural gas pipeline to North Carolina and Virginia.
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Shale gas market to be worth $104.1 billion by 2020

A new report from Allied Market Research predicts that the global shale gas market will expand at a compound annual growth rate (CAGR) of 9.3 percent in 2014-2020.
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