Business & Markets
Fluor Consortium Completes Gas Gathering System in Brazil
Fluor Corp.’s consortium has met substantial completion on the Gavião Branco facility in the state of Maranhão, Brazil, turning it over to Parnaíba Gás Natural (PGN), Brazil’s leading private gas exploration and production company. The consortium performed basic and detailed engineering, procuremen..
Mexico Names New Leader for Pemex
Jose Antonio Gonzalez Anaya has been sworn in as head of Pemex, replacing Emilio Lozoya, who had served since 2012. Pemex reported that pipeline thefts fell 34% in January from the same month last year, attributing tougher laws and tighter security. Low oil prices have hampered some projects and bid..
Nigeria Breaks Up State Oil Company
Nigerian National Petroleum Corp. is being broken up into dozens of distinct companies, according to a UPI report. “For the first time, we are unbundling the subset of the Nigerian National Petroleum Corp. to 30 independent companies with their own managing directors,” Nigerian Petroleum Minister a..
Anadarko Selling Majority Stake in Pipeline
Western Gas Partners LP will buy a majority stake in Anadarko Petroleum Corp.’s South Texas oil and gas pipeline system for $750 million. The deal is for Springfield Pipeline LLC, which owns a 50.1% share in the overall gathering system in the Eagle Ford shale basin. The system serves Anadarko and i..
PECO's New Natural Gas Mechanics Join Field Force
PECO recently welcomed 10 new natural gas apprentice mechanics to its field force, following completion of a comprehensive seven-week training program. The mechanic- training program is designed to develop the fundamental skills that new natural gas mechanics need to work safely on the southeastern ..
Caspian Pipeline Expansion Planned
The board of directors of Caspian Pipeline Consortium met in Moscow recently to discuss a planned expansion project that includes rehabilitation of five existing and construction of 10 additional pump stations (two in Kazakhstan and eight in the Russian Federation), six new storage tanks (100,000 cu..
Gazprom, DEPA and Edison Sign MOU for Gas Deliveries to Europe
Alexey Miller, chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA SA, recently signed a Memorandum of Understanding on natural gas deliveries across the Black Sea from Russia via third countries to Greece and from Greece to Italy in or..
Punj Lloyd-Limak JV Awarded TANAP Construction Contract
Punj Lloyd, in a 50-50 joint venture with Limak, was awarded the contract to construct 459 km of the 48-inch Trans Anatolian Natural Gas Pipeline Project (TANAP) gas pipeline in Turkey. Awarded by TANAP Doğalgaz İletim A.Ş., Punj Lloyd’s value of the project is US$ 204 million. TANAP will be built ..
Deepwater Gulf Pipeline Begins Service Ahead of Schedule
Enbridge’s 20-inch, 58-km Heidelberg Oil Pipeline has been brought into service three months ahead of schedule. The Heidelberg Oil Pipeline is located in the Gulf of Mexico, 322 km southwest of New Orleans, and transports crude oil from Anadarko Petroleum Corp.’s Heidelberg development to a third-pa..
Laclede Group to Tap Marcellus and Utica Shale Gas Supply
Laclede Group plans to tap into a new natural gas supply with a pipeline connecting to the Marcellus and Utica shale formations in the eastern U.S. Laclede CEO Suzanne Sitherwood announced the project in an earnings call with investors and said it will help the natural gas distributor diversify its ..
Wood Group Wins North Sea Services Contract
Wood Group has contracted with CATS Management Limited, a wholly owned subsidiary of Antin Infrastructure Partners, to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea. Wood Group PSN will have day-to-day responsibility for the terminal and pi..
Buffett Makes Substantial Investment in Kinder Morgan
Warren Buffett’s Berkshire Hathaway disclosed a new investment in pipeline operator Kinder Morgan, boosting its bet on the oil industry as crude prices have hovered near 12-year lows. Berkshire owned about 26.53 million Kinder Morgan shares worth $395.9 million at year end, according to the Securiti..
Deloitte: High Risk Of Bankruptcy For One-Third Of Oil Firms
Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by auditing and consulting firm Deloitte. The report, based on a review of over 500 publicly traded oil and natura..
ExxonMobil Fails to Replace Production for First Time in 22 Years
ExxonMobil Corp. failed to replace all of the oil and natural gas it pumped last year with new discoveries and acquisitions for the first time in over two decades. ExxonMobil said its called reserve-replacement ratio fell to 67% in 2015. Prior to that, the world’s largest oil explorer by market valu..
Future of Constitution Pipeline Hazy, Analysts Say
New York State still has yet to give final approval for the $700 million Constitution Pipeline which Williams and several partners have proposed building from northeastern Pennsylvania through New York’s Southern Tier. On Jan. 29 the operators received authorization from the Federal Energy Regulator..
PA Lawmaker Suggests Routing Pipelines Along Turnpike
Routing gas transmission pipelines along the Pennsylvania Turnpike would help the state’s environment and balance sheet, said GOP Rep. Scott Petri, who has introduced legislation giving the turnpike commission authority to allow use of its right-of-way for commercial transmission pipelines and charg..
PIRA Energy Group Adds New Industry Leaders
PIRA Energy Group, a leader in global energy market analysis, added new industry leaders in its global gas and power team. Teri Viswanath was named a managing director of North American Gas. She comes from BNP Paribas and spent over two decades within banking and at Dynegy. John Ell is a senior anal..
Shell Finalizes BG Group Deal at Bad Time in LNG Market
Shell completed its acquisition on Feb. 15 of BG Group, a British company formed in 1997 from the privatization and breakup of state-owned British Gas. The Group has sites in over 20 countries and draws 75% of its LNG customers from Asia. BG delivered 17.9 million metric tons of LNG in 2015, up 63% ..
SoCalGas Finally Able to Plug Leaking Injection Well
A Los Angeles-area injection well was permanently sealed on Feb. 18 and taken out of service, according to Southern California Gas. The leak was temporarily plugged earlier and SoCalGas finished pumping cement into the base of the well. Residents who were relocated to temporary housing because of th..
Open Season for Fourth Major Expansion of Medallion Crude Line
Medallion Pipeline Company, LLC, a subsidiary of Medallion Midstream LLC, held an open season that ran through March 16 to solicit long-term commitments from shippers for firm transportation capacity on the fourth major expansion of Medallion’s existing crude oil pipeline system. The project propose..
Summit Places North Dakota Pipeline in Service, Readies Another
Summit Midstream Partners, LP has begun operations of the Stampede Lateral crude oil transmission pipeline in North Dakota and is in the final stages of completing the nearby Little Muddy crude oil transmission pipeline, which includes an interconnect with Enbridge’s North Dakota Pipeline System. Th..
Building a Successful Diversity Contractor Program
Responding to trends in increased diversity spend targets in contracts with key customers, including LDCs, EN Engineering recently implemented a focused, nationwide Disadvantaged Business Enterprise (DBE) initiative across our entire portfolio of engineering services. This article discusses how EN E..
Pieridae Energy Receives Non-FTA Export Authorization
Pieridae Energy (Canada) Ltd. and its operating subsidiary corporations (Pieridae) continue to meet major milestones with their proposed Goldboro LNG processing facility. On Feb. 5 Pieridae received its Non-Free Trade Export authorization from the U.S. Department of Energy. This allows U.S.-sourced ..
Q&A: Wearing Many Hats No Problem for Ralph LaRossa
Ralph A. LaRossa is a busy man these days. His company, Public Service Electric & Gas Co. (PSE&G), is embarking on an extensive multi-year upgrading of its North Jersey and environs territory (see related article). His peers at the American Gas Association thought enough of his experience and abilit..
U.S. Natural Gas Production Reaches Record High in 2015
U.S. natural gas production reached a record high level of 79 billion cubic feet per day (Bcf/d) in 2015, an increase of 5% from the previous year, even as natural gas prices remained relatively low. Production from five states—Pennsylvania, Ohio, West Virginia, Oklahoma, and North Dakota—was respon..
OPEC Report Suggests Massive Oil Price Rebound
The headlines reacting to OPEC’s April Oil Market Report generally read “OPEC concerned about global oil demand” and as such, oil prices traded down slightly on April 13, despite an overall positive market. Well, I’m concerned about global oil demand also, so I thought I better read their report. C..
Natural Gas Storage Ends Winter Heating Season at Record High
Working natural gas inventories ended the winter heating season at 2,478 billion cubic feet (Bcf), exceeding the previous end-of-March record high of 2,473 Bcf, set in 2012, according to EIA’s Weekly Natural Gas Storage Report. Inventory withdrawals during the traditional heating season (November th..
Mexico Announces over $4 billion in Aid for Struggling Pemex
MEXICO CITY (AP) — The government announced more than $4 billion in aid Wednesday for state oil company Petroleos Mexicanos, whose finances, production and exploration projects have been hit by the fall in crude prices. The package will include a direct infusion of $1.5 billion to the company bette..
Romania Discusses Black Sea Drilling with Russia's Lukoil
BUCHAREST, Romania (AP) — Romania’s energy minister has discussed a Russian-U.S.-Romanian drilling project in the Black Sea where more than 30 billion cubic meters (1,060 billion cubic feet) of natural gas have been discovered. The office of Energy Minister Victor Grigorescu said Thursday that he m..
AP Source: New Rule on Offshore Drilling Safety Expected Today
WASHINGTON (AP) — The Obama administration is planning to issue a final rule designed to enhance the safety of offshore oil drilling equipment. The rule, expected to be announced Thursday, comes in response to the 2010 Deepwater Horizon explosion, which killed 11 people and dumped millions of gallo..
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- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
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- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
