Business News
Dominion to Buy Southern's Stake in Atlantic Coast Pipeline
Dominion Energy said this week it agreed to buy Southern Co’s stake in the roughly $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which is expected to enter service in early 2022.
Blast Shuts Eni Owned Nigerian Oil Pipeline — Officials
An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass oil export terminal, ENI and a security official said.
Federal Judge Orders Recall of Non-Standardized Pipeline Flanges
Judge Andrew S. Hanen of the United States District Court for the Southern District of Texas, Houston Division has issued a permanent injunction and ordered a recall of flanges made by Spanish company, Ulma Forja – part of the Mondragon Corporation – and its U.S. subsidiary, Ulma Piping.
U.S. Shale Gas Investors Brace for Write-Downs Amid Price Plunge
U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings.
Texas Railroad Commission Adopts New Pipeline Safety Rules
Texas regulators have adopted new safety rules that prohibit natural gas distribution pipeline operators from installing underground cast iron, wrought iron or bare steel pipelines.
TurkStream Begins Gas Flows to Greece, North Macedonia
Russia is building TurkStream and doubling the capacity of NordStream across the Baltic Sea to Germany as part of plans to bypass Ukraine in its gas deliveries to Europe.
FERC Approves Chesapeake Utilities Pipeline Expansion
Chesapeake Utilities has announced that the Federal Energy Regulatory Commission (FERC) has issued an order approving the Company’s proposed Del-Mar Energy Pathway Project.
India Approves $774 Million for Gas Pipeline in Northeast
India approved funding of $774 million (955.6 billion rupees) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said, as part of a national gas grid being built to span remote locations.
FERC Boosts Natural Gas
An order issued by the Federal Energy Regulatory Commission (FERC) in December against state subsidies for nuclear and renewable energy – called “out-of-market subsidies” – apparently gives a big boost to electric utilities using natural gas and the pipelines that feed them.
Cameron LNG Facility Begins Production at Train 2
Sempra LNG said its Cameron LNG facility in Louisiana has begun producing LNG from the second liquefaction train of the export facility, fewer than five months after its first train started commercial operations in August.
EDP Closes Financing for El Salvador LNG-to-Power Project
Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. The infrastructure project brings approximately $1 billion foreign direct investment for the Central American nation, making it the largest private investment ever in the country, EDP said.
Bulgaria Starts Receiving Gas from TurkStream, Bypassing Ukraine
Bulgaria started receiving natural gas from Russia’s Gazprom via Turkey on January 1 and will no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said.
North Dakota, Tribe to Develop Pipeline Spill Plan
North Dakota will work with the Standing Rock Sioux Tribe to help develop a response plan for a potential spill of the Dakota Access pipeline, a state official said.
Mercuria Plans to Compete for South Texas Oil-Trading Hub
Commodities trader Mercuria Energy Group expects to open a new U.S. Gulf Coast crude oil storage facility next year that could compete to become a trading hub for shale oil, the Swiss company’s investment chief said.
Lawyer for Indigenous Contends Government Delayed Spill Reports
A Squamish Nation lawyer told a Canadian Court that the government delayed sharing critical documents about spill risks related to expanding its oil pipeline, in some cases waiting until after the conclusion of consultations with indigenous communities.
Oxy Separates Western Midstream in Debt-Reduction Move
Occidental Petroleum (Oxy) said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.
Oil Prices Rise, Fall on Eve of Trade Deal
Crude oil prices surged in early January and retreated by mid-month after a U.S. drone strike on Iran’s top general and a retaliatory missile strike on an Iraqi military base. The initial strike caused the largest one-day price spike since September, when an Iranian drone hit a Saudi Aramco facility.
TC Energy Files to Reduce Toll on Canadian Mainline Pipeline
TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.
Nigeria Launches Regulations to Encourage Gas Use — Oil Minister
Nigeria has launched new regulations covering gas transportation which it hopes will expand use of the fuel and encourage private investment in pipelines, Minister of State for Petroleum Timipre Sylva said on Monday.
Tumbleweed Midstream Acquires Ladder Creek Helium Plant, System
Newly established Tumbleweed Midstream announced it has acquired the Ladder Creek Helium Plant and its associated 730-mile (1,175-km) gathering and distribution pipeline systems from DCP Midstream.
CenterPoint Energy to Sell Miller Pipeline and Minnesota Limited to PowerTeam Services
CenterPoint Energy has announced an agreement to sell Miller Pipeline and Minnesota Limited to PowerTeam Services for $850 million in cash, subject to customary price adjustments.
Why Industry Needs to Keep Its Pipe Dreams Flexible
Flexible pipes were initially applied offshore as “kill and choke” lines, but today are found in every major production basin worldwide and used in a variety of applications to keep production flowing efficiently.
Qatargas Signs Long Term SPA to Supply LNG To Kuwait
Qatargas has announced the signing of a new, long term Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to the State of Kuwait, commencing this year.
Trans Mountain Pipeline Cost Jumps by Two-Thirds to C$12.6 Billion
The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.
TechnipFMC Tells Energean Virus may Delay FPSO Project
Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.
Parsley Energy CEO Calls out Industry for Shale Gas Flaring
The chief executive of shale producer Parsley Energy on Wednesday became the latest executive to call out the industry on its high rate of natural gas flaring in the top U.S. oil field.
Enterprise Products Wins Ruling in Legal Battle with Energy Transfer
Enterprise Products Partners won a favorable ruling from the Texas Supreme Court in its legal battle with Energy Transfer, resolving a dispute that began when Enterprise backed out of the proposed Double E pipeline project in 2011.
France's Total Rejects Force Majeure Notice from Chinese LNG Buyer
French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results presentation on Thursday.
China's Biggest LNG Importer Declares Force Majeure as Virus Spreads - Sources
China National Offshore Oil Corp (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has suspended contracts with at least three suppliers amid the rapid spread of the coronavirus, two sources said on Thursday.
Oil, Gas Imports into China Tumble in Wake of Virus
Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
