Business News
Kellas Midstream Developing Low-Carbon Blue Hydrogen Hub in Teesside, UK
The project, called H2NorthEast, would require construction of a 1GW facility producing blue hydrogen utilizing UK North Sea natural gas which is transported to the CATS terminal by a 400 km (249 mi) pipeline.
Calhoun Port Authority, Max Midstream Announce Carbon Neutral Port Expansion Plans
The Calhoun Port Authority announced that the Congressionally authorized Matagorda Ship Channel expansion will be constructed using an Environmental Social Governance program with the intentions of making the project carbon neutral.
TC Energy Targets Net-Zero Emissions From its Operations by 2050
TC Energy Corp. said it would target net-zero emissions from its operations by 2050 after mounting pressure from investors and governments for energy companies to join the fight against climate change.
Crestwood Equity to Boost US Shale Footprint With $1.8 Billion Deal
Oil and gas pipeline operator Crestwood Equity Partners LP will buy Oasis Petroleum Inc.'s midstream unit in a $1.8 billion deal to expand its footprint in United States shale basins.
Citgo Boards in Last-Ditch Talks with Washington to Keep Creditors at Bay
The supervisory boards of Venezuela-owned Citgo Petroleum have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington's protection while Citgo pursues negotiations with creditors.
PipeChina Invests $3.8 Billion to Boost Gas Infrastructure Ahead of Winter
China Oil and Gas Pipeline Network, or PipeChina, said it has invested 24.45 billion yuan ($3.8 billion) to expand its gas infrastructure, aiming to add a daily gas supply capacity of 60 million cubic meters by end of this year.
Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor
Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.
Sources: US Slowing Down Oil and Gas Mergers
Regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden's administration scrutinizes deals in a bid to tackle soaring energy prices.
Exxon Board Debates Dropping Several Major Oil and Gas Projects
The board members expressed concerns about some projects, including a $30 billion LNG development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said.
Enterprise’s Baymark Ethylene Pipeline Mechanically Complete, Being Commissioned
The pipeline, which is intended to extend Enterprise’s ethylene pipeline and logistics system further into south Texas, starts in the Bayport area of southeast Harris County and extends about 90 miles to Markham, Texas.
Icahn Launches Offer for Southwest Gas Shares, Seeks to Replace Board
Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.
Navigator Approved to Develop, Construct Heartland Greenway Pipeline System in Midwest
Navigator CO2 Ventures announced that because of commitments received during its binding open season, it has obtained the necessary board approvals to proceed with its proposed carbon capture pipeline system.
Finalists Announced for the 2021 WPC Excellence Awards
At the World Petroleum Congress, the World Petroleum Council recognizes some of the most outstanding projects and innovations in the oil and gas sector. More than 130 nominated projects were reviewed by the independent judging panel in this cycle’s awards nominations.
Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Energy Crunch Stokes Inflation, Economic Recovery Concerns
Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.
United Energy Buys 140-Mile Oklahoma Natural Gas Pipeline
United Energy announced it signed a purchase agreement for a 140-mile natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Associations in the News October 2021
George Hamilton has joined the National Utility Contractors Association to lead its membership and chapter development programs. Hamilton previously led the membership department for the International Association of Business Communicators and served as marketing and membership manager at CFRE Intern..
Companies in the News October 2021
Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..
People in the News October 2021
McAnally ONE Gas Inc. announced Robert S. McAnnally has been named president and CEO and joined the company’s board of directors, succeeding Pierce H. Norton II, who is now president and CEO of ONEOK Inc. McAnnally has been with ONE Gas for six years, initi..
What's New October 2021
Vermeer Vermeer upgraded its truck-mounted vacuum excavator line with the new VXT300 truck vac, which is outfitted with an 8-cubic-yard (6.1-cubic-meter) spoil tank, 6-inch (15.2-cm) dig tube and the ability to carry up to 800 gallons (3,028 L) of water s..
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
Isolation Enables Operator to Replace, Pressure Test Pipeline
T.D. Williamson completed its first SmartPlug isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Dominion to Sell Questar Pipeline to Southwest Gas in Near $2 Billion Deal
Dominion Energy said on Tuesday it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion.
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal to Tap Surging Gas Demand
Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct. 1. Excluding Teekay's debt, the deal is for $1.5 billion, and the companies expect to close the deal by the end of 2021.
Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market
Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.
Former PetroChina Executive Under Probe for Suspected Graft
Ling Xiao, who resigned last month from his position as a vice president of PetroChina, had been a PetroChina veteran long responsible for company's natural gas pipeline and marketing business.
SoCalGas Testing Hydrogen Blending in Infrastructure and Appliances in Closed Loop System
Technicians are measuring the performance of common household appliances like stoves, wall heaters and forced-air furnaces when they are fueled with a blend of hydrogen and natural gas.
Bolivia’s YPFB Transporte to Boost Gas Pipelines Capacity
YPFB Transporte S.A.’s objectives for 2021 are to increase natural gas production and meet the growing demands of the domestic market, such as respecting the contracts with Brazil and Argentina.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
