Joint venture is set in Brazil
Texas-based well stimulation services provider FTS International is establishing a joint venture with PETRA Energia S.A. in Brazil. FTS Brazil is expected to commence operations in 2013 with its headquarters in Rio de Janeiro. It also will have field operations throughout the country, providing well completion products and services for conventional and unconventional oil and natural gas wells in Brazil. Oklahoma City-based Chesapeake Energy Corp. owns about 30 percent of FTS International.
Keystone pressure picks up
OMAHA, Neb. — The fight over a proposed pipeline to transport crude oil from Canada to Gulf Coast refineries is picking up again as groups urge President Barack Obama to either approve or reject the pipeline. The American Petroleum Institute held a conference call with reporters Thursday to emphasize the virtues of the Keystone XL pipeline that TransCanada wants to build. Spokesman Marty Durbin says Obama should approve the pipeline as soon as possible to boost the economy.
From staff and wire reports