Business News
Baker Hughes and Primus Line Collaborate to Rehabilitate and Repurpose Existing Pipelines
Baker Hughes signed a memorandum of understanding with Primus Line to collaborate on non-metallic pipe applications to rehabilitate and repurpose existing pressure pipelines.
Tallgrass to Track, Measure Emissions on U.S. Interstate NatGas Pipeline
Tallgrass Energy Partners will begin monitoring emissions, including methane and other greenhouse gases, on its Rockies Express Pipeline, making it the first U.S. company to do so an interstate natural gas pipeline.
Trapil Adapting French Pipeline for Low-Carbon Fuel Transport
Trapil, a French refined product pipeline transport company, is strengthening its commitment to the energy transition by adapting one of its pipelines to facilitate transport of low-carbon liquid fuels such as bioethanol.
Vitol CEO Sees Global Gas Market Set for Reasonably Bullish 5-Year Outlook
Global gas prices are at "extreme levels" due to low inventories and strong demand in Europe and China, and the market is set for a reasonably bullish five-year outlook, said Russell Hardy, CEO of Vitol.
Sources Say U.S. Gas Producer Gulfport Energy Explores Sale
Gulfport is currently seeking to renegotiate two contracts with pipeline companies. Scrapping them could help it save money.
Tennessee Gas Pipeline, Southwestern Energy Announce Methane Emission Reduction Plan
Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, and Southwestern Energy announced the initiation of a responsibly sourced natural gas strategic agreement, which should further reduce methane emissions across the natural gas value chain.
ROSEN to Study Hydrogen Pipeline Transportation with Expanded Material Testing Capabilities
ROSEN Group is expanding its existing material testing capabilities and dedicating a separate section to the topic of hydrogen to help ensure the hydrogen economy will have the safe and efficient infrastructure it will need to function.
Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips
Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.
Group of EU Lawmakers Seeks Probe of Gazprom's Role in Gas Price Surge
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom's role in soaring European gas prices, saying the company's behavior had made them suspect market manipulation.
Enbridge Fined $3.32 Million for Failings in Line 3 Replacement Project
The Minnesota Department of Natural Resources fined Enbridge Inc. $3.32 million, citing the Canadian company's failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement.
Carbon Capture and Storage Gains Wide Industry Support in Houston
Eleven companies have agreed to begin discussing plans that could lead to capturing and safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.
Spire Gets More Time to Operate Missouri St. Louis NG Pipeline
U.S. natural gas company Spire Inc. got permission from federal regulators on Tuesday to keep operating its STL natural gas pipeline in Missouri for another 90 days while regulators consider the next steps for the pipe.
Kinder Morgan, Neste to Retrofit Tank and Piping for Green Fuels Feedstocks
Pipeline operator Kinder Morgan Inc. plans to convert some Louisiana tank and piping infrastructure to hold used cooking oil and other feedstocks for Finnish renewable-fuels giant Neste, the companies told Reuters.
Chevron, Enterprise Explore Carbon Storage Business Opportunities
Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.
U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy
Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.
Colonial Pipeline Restarts as Ida Damage Assessments Face Hurdles
Colonial Pipeline restarted on Tuesday while other efforts to assess damages to energy infrastructure were slowed by widespread flooding from Hurricane Ida and power outages.
Ida's Fury Hits U.S. Oil Production, Gasoline Supplies
U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in Louisiana and rampaged through offshore oil and gas fields.
Brazil's Logum Makes 1st Ethanol Export to U.S. Using Pipeline to Port
The firm said the transport of the ethanol by pipelines, beyond the smaller cost and economies of scale, prevented the use of more than 700 trucks, estimating the operation avoided 2,000 tons of carbon emissions.
ConocoPhillips-Backed Solaris Readies IPO with Sustainability Pitch
ConocoPhillips-backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors.
WhiteWater Announces Acquisition of Sendero’s Gateway Pipeline
WhiteWater announced the acquisition of Sendero’s Gateway Pipeline. The 24-inch Gateway Pipeline is connected to WhiteWater’s Agua Blanca natural gas pipeline system.
Trophy Pipeline Announces Open Season for Texas Expansion Project
Trophy Pipeline announced it intends to conduct an Open Season for its Texas Expansion project. Trophy proposes to construct an approximately 3-mile-long pipeline from a new origin in Winkler County, Texas, to its existing FERC-regulated, crude oil pipeline in Lea County, New Mexico.
Permian Update: America’s Oilfield Builds Back from Another Bust
Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugging its way back from the bottom again.
EIG Global Energy Partners Submits Offer for Petrobras Pipelines in Brazil
U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source said.
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.
Centurion Pipeline Releases First Environmental Sustainability Report
Centurion Pipeline announced the release of its inaugural sustainability report, which outlines the company’s focus on environmental, social and governance initiatives.
USD Partners Increase Connectivity at Stroud Terminal at the Cushing Hub
The expansion is being pursued by an affiliate of US Development Group and when completed will add a pipeline connection to a second 300,000-barrel storage tank at the Cushing, Oklahoma, crude oil hub.
U.S. Oil Refiner Citgo Petroleum Posts First Profit in Seven Quarters
Citgo Petroleum reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown.
U.S. Gulf of Mexico Oil Producers Consolidation Accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.
- 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
