Business & Markets
Primoris Services Announces Over $225 Million in Utilities Segment Awards
Primoris Services Corporation announced two new Master Service Agreements totaling over $225 million for gas distribution projects in California.
EIA Forecasts US Natural Gas Production Will Increase in 2022
If realized, the December 2022 forecast production level will exceed the previous record of 97.2 Bcf/d, which was set in November 2019.
Canadian Oil Output to Peak 7 Years Sooner Than Previously Forecast
Oil output in Canada, the world's fourth-largest producer, will climb over the next decade and peak at 5.8 million barrels per day in 2032.
ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp
ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.
23rd World Petroleum Congress Program Ends on a High Note
The 23rd World Petroleum Congress program concluded strongly, with high-level discussions on collaboration within the industry and the changes needed going forward.
Pipeline Blast Reported at Iran Gas Refinery, No Casualties
A gas condensate pipeline at a gas refinery in southwestern Iran exploded on Thursday after being hit by an excavator, Iranian news agencies reported.
Polish PM Tells Germany's Scholz Not to 'Give in' Over Nord Stream 2
Poland's prime minister said he would call on Germany's newly appointed Chancellor Olaf Scholz to oppose the start-up of Nord Stream 2.
Med-Red Begins Shipments Through EAPC Pipeline Network
Med-Red Land Bridge Company signed its first contract for a vessel to use the recently recommissioned 150-mile (242-km) pipeline owned by Europe Asia Pipeline Company.
Magellan Exploring Options for its Permian Longhorn Crude Pipe
Magellan Midstream Partners LP is evaluating alternative uses for its Longhorn crude pipeline from Texas's Permian Basin, including converting it to carry other commodities like natural gas or refined products.
More Transnational Oil Capacity Could Reduce Rail Shipments
The Enbridge Line 3 replacement pipeline, which delivers crude oil from Edmonton, Alberta, Canada, to Superior, Wisconsin, became fully operational on Oct. 1, increasing the pipeline’s capacity to 760,000 bpd. Before the replacement, Enbridge Line 3 had a capacity of about half that amount.
Carbon+Intel: Enterprise Products Could Repurpose Pipelines for Carbon Projects
Pipeline operator Enterprise Products Partners could repurpose some of its vast U.S. network of energy pipelines for carbon capture and sequestration projects, co-Chief Executive Jim Teague said.
Oil Prices Edge Lower as Investors Try to Assess Omicron's Full Impact
Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
Carbon+Intel: New Dawn of Carbon Capture, Transportation and Storage
Carbon capture, (use), and storage is particularly suited for operators because of their vast expertise in managing large and complex infrastructure, industrial gas treating, pipelines and reservoir management.
Permian Shale Producers Warn of Natural Gas Takeaway Constraints
U.S. oil and gas producers Diamondback Energy and ConocoPhillips said the top U.S. shale field will face natural gas pipeline constraints as production grows and companies strive to reduce flaring.
US Has 'Understanding' With Germany to Shut Nord Stream 2 Pipeline if Russia Invades Ukraine
United States officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on Tuesday.
Chesapeake Energy Launches $1 Billion Stock Buyback
Chesapeake Energy Corp. said it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows.
Spain's October Natural Gas Imports Rise 40.6% from October 2020
Spain imported 40.4 GWh of natural gas in October, 40.6% more than during the same month last year, data from Cores, an independent arm of the Energy and Environment Ministry that monitors energy supplies, showed.
Global Oil CEOs Stress Continuing Need for Fossil Fuels at World Petroleum Congress
More than 5,000 participants from over 70 countries have gathered to attend the World Petroleum Congress this week, where top executives from energy companies are affirming the need for more oil for decades to come.
Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise
Enbridge Inc. on Tuesday raised its dividend and announced plans to buy back shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas.
Southern California Oil Spill: Unfortunate Harbinger for Future Industry Distrust
Repercussions from an offshore oil spill along part of the Southern California coast in the fall, even though overestimated fivefold, could be long-lasting and significant for the oil and natural gas industry in climate change-driven California.
DIMP-Related Pipe Replacement Work Continues in Full Force US
While the amount of work to replace cast-iron and bare-steel pipe has declined in volume since the implementation of the Gas Distribution Integrity Management Program in 2009, there is still plenty of construction left to be done.
BlackRock, Saudi Asset Manager Hassana Sign Deal for Aramco's Gas Pipelines
Saudi Aramco said it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.
Looking Back at the Top 10 Midstream Stories of 2021
While not as volatile as the previous 12 months, 2021 brought its share of anxiety as we in the energy industry – midstream in particular – worked to recover from the fallout caused by the COVID-19 virus. There were also victories along the way.
Energy Transfer Completes Acquisition of Enable Midstream
Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.
Philippines' Malampaya Gas Project Can be Extended for Several Years -Udenna President
The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp. said.
Canada's Trans Mountain Oil Pipeline Restarted on Sunday
Canada's Trans Mountain pipeline restarted operations on Sunday, weeks after shutting down during a record-breaking rainstorm in British Columbia that washed out road and railways.
Texas Cuts $9,000 Power Price Cap After February Freeze
The Public Utility Commission of Texas adopted a proposal to cut the wholesale electricity price cap from $9,000 per megawatt hour to $5,000 to help avoid price spikes like those seen during last winter's February freeze.
Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay
Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.
Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant
The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year.
Asian LNG Prices Fall as Import Demand from China Muted
Asia LNG prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
