Business News
Kinder Morgan Forms Energy Transition Ventures Group
Pipeline company Kinder Morgan said on Friday it had formed a new Energy Transition Ventures group to focus on low-carbon energy initiatives.
GateHouse Maritime to Monitor Gas Pipeline in the Baltic Sea
Poland’s GAZ-SYSTEMS awarded offshore surveillance, maritime analytics and data company GateHouse Maritime a 5-year contract to monitor a new gas pipeline in the Baltic Sea, the companies announced.
Brookfield Stays Committed to Hostile Inter Pipeline Takeover
Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.
NDT Global Conducting Baseline Inspection for Trans Adriatic Pipeline
NDT Global, a leading supplier of ultrasonic inline inspection, acoustic resonance technology, and advanced data analytics, announced it was awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline AG, headquartered in Baar, Switzerland.
EnerMech Secures Five-Year Deal with Chevron Australia
Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.
Russia's Rosneft to Sell Southern Assets, Focus on Vostok Oil
Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May as Russia's top oil company shifts focus to the giant northern Vostok Oil project.
What's New March 2021
Logan Industries Logan Industries offers marine scrubber repair and servicing at its new pressure vessel heat exchanger (PVHEX) facility in Hempstead, Texas. The facility, designed and engineered to e-produce scrubbers for the petrochemical, marine, ocean transport, chem..
Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up
Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.
Baker Hughes Offers Composite Flexible Pipe for Onshore Pipelines
Baker Hughes launched of its Onshore Composite Flexible Pipe to address the corrosion and cost of ownership challenges with conventional steel pipe for the energy, oil and gas and industrial sectors.
Two-Part Epoxy Deemed Best for Pipeline at Saltwater Channel
Polyguard Products entered the liquid corrosion coating industry in the past decade, where two-part epoxy is a typical choice for most pipeline field coating repairs due to its ease of application and exceptional performance characteristics. Polyguard developed NHT-5600 with those things in mind.
SBS Energy Sets Record in GOM Decommissioning Project
SBS Energy Services (SBS) completed a multiphase project to decommission 29,000 feet (8,839 meters) of 10-by-6-inch (254-by-152-mm) insulated pipeline in the Gulf of Mexico (GOM) in partnership with Helix Energy Solutions, setting a new offshore snubbing unit/hydraulic workover world record.
Using Remote Monitoring to Evaluate Pipeline Lightning Immunity
While lightning itself does not cause corrosion, the damage it creates to a pipe’s walls, coatings and cathodic protection (CP) system can leave a pipeline vulnerable.
Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid
Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.
Ancala Midstream Gets Lundin Energy Norway Contract for Gas Transportation, Processing
Ancala Midstream Acquisitions secured a life-of-field contract to transport and process gas from the Solveig field in the Norwegian sector of the North Sea.
Black Bear Transmission Sells Alabama Gas Gathering Assets
The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.
Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market
German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) on the Frankfurt stock exchange in the first quarter to accelerate growth in the hydrogen market, its biggest shareholder said.
Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal
Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.
Canadian Natural Resources Beats Profit Estimates
Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.
Ameren Upgrading Natural Gas Pipeline in Illinois
Ameren Illinois customers in Champaign will see energy at work throughout the spring and summer as crews replace vintage steel pipeline and natural gas services with modern, corrosion-resistant polyethylene material.
Max Midstream Launches Open Season on Seahawk Pipeline
Seahawk Pipeline, a subsidiary of Max Midstream, is developing a crude oil pipeline in the Eagle Ford area from its Edna Terminal to the Seahawk Terminal in the Port of Calhoun, Texas, and wants to gauge shipper interest, the company announced.
APA Launches Australia's First Hydrogen-Ready Transmission Pipeline Project
Australia’s APA Group announced a landmark hydrogen pilot project to enable the proposed conversion of 43-kilometers (26.7 miles) of Parmelia Gas Pipeline in Western Australia into Australia’s first 100 percent hydrogen-ready transmission pipeline.
Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets
Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.
An Alberta Petrochemical Complex is at the Heart of Brookfield's Inter Pipeline Bid
Inter Pipeline Ltd's ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile C$7.08 billion ($5.64 billion) takeover from Brookfield Infrastructure Partners.
Kinder Morgan and Brookfield Sell Minority Interest in Natural Gas Pipeline Company of America
Kinder Morgan and Brookfield Infrastructure Partners agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America to a fund controlled by ArcLight Capital Partners for $830 million.
Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale
Occidental Petroleum Corp posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.
Brookfield Launches Hostile Bid to Buy Canada's Inter Pipeline
Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate.
Design and Engineering Starting for Oil Search’s Pikka Project in Alaska
Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.
Spain’s Reganosa to Operate Sardinia’s First LNG Terminal
Spain’s Reganosa won a contract to operate and maintain the first liquefied natural gas (LNG) terminal on the Italian island of Sardinia, the company announced.
Inter Pipeline Undecided on Strategic Options after Brookfield Offer
Canada's Inter Pipeline Ltd said no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.
Ford Shuts North American Plants due to Weather, Gas Supply Interruption
Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- US Poised to Become Net Exporter of Crude Oil in 2023
