Business & Markets
CO2 Corrosion Prediction: Consider the Need for Validation
Carbon dioxide (CO2) corrosion modeling software is used by asset owners, contractors and consultants in the oil and gas industry to predict the CO2 corrosion rate at both the design and operation phases of pipelines and well tubing. Prediction results from a dozen CO2 corrosion models are known to ..
Pipeline Pigs – You Have Got to be Kidding!
Even today, a lot of people laugh when you talk about putting a pig in a pipeline. And it takes a good 15 minutes to explain what they do and what they look like! There are an estimated 18-20 manufactures of pipeline pigs, most residing in the United States, with an estimated annual global market s..
AOPL-API Report Finds Pipeline System Growing
During the past five years U.S. crude oil pipeline mileage has grown by 22% for an increase of 12,000 miles – or to think of it another way, about the distance covered in two round-trips between Seattle, WA and Tampa, FL. “In the time the Keystone XL pipeline was under review, we built the equivale..
Dominion Resources Buying Questar Corp. in $4.4 Billion Deal
Dominion Resources Inc. is buying Questar Corp. for $4.4 billion, the latest in a move of power producers seeking to acquire more natural gas distribution assets. The deal was announced Feb. 1 and follows Duke Energy’s effort to buy Piedmont Natural Gas Co for $4.9 billion, and Southern Co.’s $8 bil..
Emera Acquisition of TECO Energy Approved by FERC
Emera Inc., a Canadian-based energy holding company reported that the Federal Energy Regulatory Commission approved the acquisition of TECO Energy Inc., The acquisition was announced Sept. 4, and TECO shareholders approved the acquisition Dec. 3. The US$10.4 billion acquisition includes assumption o..
Half of U.S. LNG May Be Headed to Europe
Europe is set to be the key destination for LNG gas supplies from the U.S. as prices have fallen in Asia, the world’s biggest consumer of the fuel, according to global energy consultancy Wood Mackenzie. The U.S. is forecast to ship about 55% of its total LNG production, or 32 mmta, to Europe by 2020..
New Pipeline Company Targets Increased Use of Natural Gas
Warren Equity Partners, a middle market private equity firm, is partnering with Multifuels, L.P. to build a midstream pipeline platform based in Houston. As part of the transaction, Multifuels, L.P. is contributing an existing natural gas pipeline that supplies a utility service area in Texas, and W..
Solomon Forecasts North American LNG Exports to 2022
Solomon Natural Gas Services has released its “North American LNG Exports to 2022 report. The report examines the rapidly expanding global liquefied natural gas (LNG) market and forecasts exports to 2022 with a focus on the main gas demand regions within Asia and the competition for growing LNG supp..
Study Shows China’s Oil Demand Slowing Almost 60%
ESAI Energy has released a new study, Balancing Act: China’s Oil Demand and Energy Mix to 2030 that takes an in-depth look at China’s oil demand trends to 2030, projecting energy mix and demand for 13 oil and alternative fuel products. The study shows in detail that the pace of oil demand from 2015-..
Texas to Share Shale Strategies With Mexico
Texas Railroad Commissioner Christi Craddick has met representatives from the Mexican Energy and Finance Ministries to review best practices and regulations governing the state’s shale industry. Mexico is reviewing terms of an auction for shale reserves in the Burgos basin located near the Texas bor..
United States Running out of Room to Store Oil
The United States has nearly 503 MMbbls of commercial crude oil stockpiled, the Energy Information Administration said last month. It’s the highest level of supply for this time of the year in at least 80 years. The inventories are the latest sign that the oil boom is still alive and kicking. U.S. o..
Williams Slices Planned Investments by One-Third
Williams Cos. said its Williams Partners affiliate cut its planned investment expenditures by about one third from previous estimates to $2.1 billion amid tough energy market conditions. Shares of Williams have erased over half their value in the past 12 months. The company said the move is a resul..
Q & A: We Can Win This, John Davies Tells Oil & Gas
John Davies, CEO and chairman of California-based Davies Public Affairs, warms to challenges, and that’s good news for the beleaguered energy industry which needs an eloquent and forceful advocate who can speak to the public. Davies has been active throughout the U.S. as a speaker at numerous confer..
Direct Pipe Installation Solves Canal Crossing Challenges
Experience and expertise are important on all construction projects, especially when safely and successfully pushing the limits of an emerging technology. Michels Corporation combined the two by using the Direct Pipe methodology to complete a 4,038-foot installation of a 48-inch natural gas pipe in ..
LNG Startups Planned in 2016, But real LNG Growth Yet to Come
Special to Pipeline & Gas Journal Wood Mackenzie’s latest review of the Global LNG industry concludes that the market was characterized by weak Asian demand in 2015, with a year-on-year decline of 2%. As a result, many LNG players shifted their focus to developing markets and employing new regasifi..
New Security Solutions Meet Cybersecurity Challenges
While the oil and gas industry has suffered fewer major cybersecurity breaches than other industries to date, many minor incidents have occurred and it’s only a matter of time before a major oil and gas company will appear in the headlines along with companies such as Target. Global consultancy DNV..
Export Pipeline Needed to Catalyze East African Oil Production Boom
With recoverable oil reserve estimates of approximately 750 MMbbl in Uganda and Kenya respectively, and with government share of the reserves expected to be about 30-50%, the potential impact on economic development in these countries could be great. However, new infrastructure, including an export ..
Qatargas Delivers First LNG Cargo to New Terminal in Poland
In mid-December, a vessel with the first-ever delivery of LNG cargo arrived at the Polish LNG receiving terminal in Świnoujście. The cargo was supplied by Qatargas Operating Company Limited. Polish Oil & Gas (PGNiG) provided its assistance as an intermediary in LNG delivery according to the agreeme..
Company News, Mergers & Acquisitions
Cross Country Pipeline Supply Co., Inc. has made three acquisitions that diversify its interests and continue its pattern of growth. The businesses acquired are: N2, a Midland, TX-based provider of nitrogen generation and other integrity testing services to pipeline contractors and operators in the ..
Korea Looks to Mini-LNG Plants for Future Gas Supplies
Unitel Technologies, Inc. has been selected by Korea Gas Technology Corporation (KOGAS-Tech) to conduct the front end engineering and design (FEED) program to commercialize a small-scale LNG business opportunity. KOGAS is the world’s largest importer of LNG. According to Chul-Ho Lee, director of the..
Chevron and ENN Sign Gorgon LNG Agreement
Chevron’s Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for delivery of LNG to China from the Chevron-operated Gorgon natural gas project in Australia. When the deal is finalized, ENN is expected to receive up to 0.5 million met..
Enbridge Acquires Gas Plants/Pipelines in British Columbia
Enbridge Inc. announced a $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C. from the Canadian subsidiary of Murphy Oil Corp. “This acquisition fits extremely well with Enbridge’s low-risk value proposition and supports our key priority ..
Gazprom Says It’s Not Worried About U.S. LNG Competition
Gazprom doesn’t plan a “price war” against U.S. exports of LNG to its profitable European market, a company official said Feb, according to the Wall Street Journal. U.S. LNG sellers will find it hard to compete in Europe with Russian gas under current market conditions, Gazprom’s deputy chairman Ale..
U.S. Production to Fall to 8.1 MMbpd by Year End, Researchers Say
With sustained weakness in crude prices and oil rigs at the lowest level since the economic crisis of 2008, production in the United States is set to see significant year-over-year declines. U.S. production for the year peaked at 9.6 MMbpd in April and declined to 9.2 MMbpd by December. Industry re..
Fluor Awarded Cutbank Ridge Partnership Sweet Gas Plant Project in Canada
Cutbank Ridge Partnership selected Fluor to execute engineering, procurement and construction management (EPCM) for Saturn 15-27 Phase 2 Sweet Gas Plant Project near Dawson Creek, British Columbia. The project is part of the Cutbank Ridge Partnership Program to develop natural gas and natural gas li..
Grand Mesa Pipeline to Hold Open Season in 2Q 2016
NGL Energy Partners’ subsidiary, NGL Energy Partners LP, will conducting another open season for its 20-inch pipeline that originates at Lucerne/Riverside, CO and will deliver at least two grades of crude oil from the DJ Basin into NGL’s facilities at Cushing, OK. Grand Mesa expects the open season ..
Kinder Morgan’s Trans Mountain Pipeline Expansion Review
Kinder Morgan has not met the conditions set by British Columbia for expansion of its Trans Mountain pipeline, according to findings the B.C. environment minister submitted to Canada’s National Energy Board. The original Trans Mountain Pipeline was built in 1953 and continues to operate. Expansion ..
Marcellus Producer Asks Approval of Atlantic Sunrise Pipeline
Chief Oil & Gas LLC, one of the customers supporting Transcontinental Gas Pipe Line Co. LLC‘s proposed Atlantic Sunrise pipeline, said Marcellus producers are in desperate need and urged FERC to “promptly approve” the project. “The Atlantic Sunrise project is a critical pathway to connect Marcellus..
McDermott Wins Contract in Gulf
McDermott International, Inc. was awarded a subsea umbilical and flowline installation contract by Anadarko in support of its Phase II development of the Caesar/Tonga field in the Gulf of Mexico. Caesar/Tonga Phase II will be developed as a subsea tieback to the Anadarko-operated Constitution spar ..
Mountain Valley to Supply Markets In Northeastern U.S.
Mountain Valley Pipeline, LLC and Consolidated Edison, Inc. announced their intent to deliver natural gas to industrial and consumer end-use markets located in the growing demand areas of the Northeast. The 20-year transportation agreement with ConEd is for 250,000 Dth/d of firm capacity on proposed..
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