Business News
Pipeline Operator Kinder Morgan to Buy Kinetrex Energy in Green Energy Push
Pipeline operator Kinder Morgan said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green energy amid investor pressure to tackle climate change.
Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System
Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.
Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion
Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
Williston Basin Petroleum Conference: Talking to Two Titans in the Oil Patch
In mid-May this year, Harold Hamm found himself back in North Dakota as one of the keynote presenters at the Williston Basin Petroleum Conference, listening to another fellow energy industry billionaire Kelcy Warren, CEO of the sizable interstate pipeline operator, Dallas-based Energy Transfer Partners LP.
Midcoast Energy Starts Commercial Operation of Expanded CJ Express Pipeline
Siemens Energy technology will help increase the CJ Express pipeline’s transmission capacity from the East Texas supply areas to Gulf Coast demand centers to approximately 1 billion cubic feet per day.
Republic of Panama, Energy Transfer Studying Potential Trans-Panama Gateway Pipeline
The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.
Ecopetrol Reports Recovery of Operations After Stabilization in Colombia
Ecopetrol reported the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the company had observed because of restrictions on mobility.
Petrobras' Albacora Seen Drawing At Least Three Buyers
Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.
Saudi Aramco Drops Morgan Stanley on Gas Pipelines Deal
Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.
Merkel Reassures Ukraine on Gas Transit Before Talks with Biden
Ukraine can be confident that Germany and the European Union will guarantee its status as a transit country for Russian gas even after the Nord Stream 2 pipeline has opened, German Chancellor Angela Merkel said on Monday.
Tellurian Terminates Total Agreement on Louisiana Driftwood LNG Plant
U.S. LNG developer Tellurian Inc said on Monday it terminated a stock purchase agreement with a unit of French energy major TotalEnergies SE related to Tellurian's proposed Driftwood LNG export plant in Louisiana.
Company Exploring Options for Potential Gas Pipeline in Virginia
Chickahominy Pipeline LLC sent letters to residents throughout five counties in Virginia seeking permission to access their property to determine the feasibility of building a 24-inch gas pipeline.
Dominion Energy, Berkshire to Terminate Questar Pipelines Deal
Dominion Energy abandoned the sale of a natural gas pipeline to a unit of Warren Buffett's Berkshire Hathaway because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.
China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.
Malaysia's Petronas Agrees 10-year LNG Supply Deal with CNOOC Valued at $7 Billion
Malaysia's state oil firm Petronas has signed a 10-year LNG supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.
Oasis Midstream Announces Johnson's Corner Gathering Pipeline System Open Season
Oasis Midstream Partners today announced that Bighorn Devco LLC is commencing a binding open season for the Johnson's Corner Gathering System Project, a crude oil gathering pipeline system to be constructed in McKenzie County, North Dakota.
Williams Announces Upstream Operator and Joint Venture in the Wamsutter Field
NGL volumes from each of the legacy upstream assets will be combined and dedicated to Williams, adding transportation volumes on Overland Pass Pipeline and Bluestem, and increasing downstream fractionation volumes at attractive rates.
Inter Pipeline Files Joint Information Circular in Support of Combination with Pembina
Inter Pipeline Ltd. has filed a joint information circular and related materials for its virtual-only 2021 annual and special meeting of shareholders to be held on July 29 in connection with the proposed strategic combination with Pembina Pipeline Corporation.
Oman State Energy Firm OQ May Sell Drilling Business
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.
Shell Opens 10 MW German Hydrogen Electrolyzer to Boost Green Fuel Output
Royal Dutch Shell launched Europe's biggest hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery after two years of construction, as it expands further into alternative energies.
Energy Trader Mercuria Posts Record Profit for Volatile 2020
Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.
Shell Plans to Exit California Joint Venture with Exxon Mobil
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
Tellurian Signs Long-Term Lease with the Port of Lake Charles
Tellurian Inc. announced its wholly owned subsidiary, Driftwood LNG, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in Sulphur, Louisiana.
Enbridge Raises Funds from Sustainability Bonds in Climate-Goal Push
Enbridge Inc said it has closed its inaugural sustainability-linked bond, the first company in the midstream sector to raise sustainable bonds in North America, as it moves a step closer to its environmental goals.
Saudi Aramco Seeks Financing Advisor for Gas Pipeline Deal
Saudi Aramco has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant's second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said.
S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline
State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling.
Southwest Gas Begins RNG Projects to Provide Clean Energy to Customers
Southwest Gas is actively working with RNG developers to interconnect various RNG projects across company service areas with Southwest Gas' facilities. There are four projects in Arizona and one in California that are approved and will take RNG to market shortly.
Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say
Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.
Gazprom’s Amur Gas Processing Plant Nearing Completion
Gazprom’s Amur Gas Processing Plant project is more than 75% complete following its commissioning ceremony for the first production train earlier this month.
Magellan, Enterprise Working with Intercontinental Exchange for Houston Crude Oil Futures Contract
Magellan Midstream Partners, Enterprise Products Partners and Intercontinental Exchange announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.
- 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
