Business News

Kinder Morgan Sells Half Its Stake in LNG Facility in Georgia for $565 Million

U.S. pipeline operator Kinder Morgan Inc. said it had sold half its stake in an LNG facility in Georgia to an undisclosed buyer for about $565 million and would use the funds to pay short-term debt and buy back shares.

Gas Producer EQT Expected to Buy THQ Appalachia for $5.2 Billion

The deal, expected to close in the fourth quarter, will add an estimated 800 MMcf/d of gas equivalent production for EQT, and includes pipeline infrastructure supporting that production, the company said.

Cheniere Vying for P&GJ Award for Maintenance Technology

Among the finalists in the Best Advance in Maintenance Technology is Cheniere’s Ultrasonic Meter Fleet Diagnostic Monitoring Program, which addresses the failure of measurement equipment.

Exxon to Sell Arkansas Shale Gas Assets to Flywheel Energy

The assets under agreement include approximately 5,000 natural gas wells — 850 operated and approximately 4,100 non-operated — and related pipeline and processing properties across approximately 381,000 acres.

Pipeline Technique Successfully Acquires Stanley’s Oil and Gas Division

Pipeline Technique, a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker.

2022 Pipeline & Gas Journal Awards Finalists Announced

Pipeline & Gas Journal Awards judges have narrowed down nominations and are happy to announce the finalists for its annual event in November, which honors the midstream sector’s leading innovations and outstanding personal contributions to the industry.

Canada’s Trans Mountain Names Dawn Farrell as President, CEO

Canadian pipeline operator Trans Mountain Corp. has named Dawn Farrell, former top boss of electricity firm TransAlta Corp., as its CEO and president on Wednesday.

Artera Reveals Plans to Merge Otis Eastern and Minnesota Limited

Artera Services, one of the nation’s industry-leading providers of integrated infrastructure services to the natural gas industry, announced its plan to merge Otis Eastern Service, and Minnesota Limited, to form Otis Minnesota Services LLC.

People in the News July 2022

People in the News July 2022

Pipeline & Gas Journal Accepting Nominations for Annual P&GJ Awards

Pipeline & Gas Journal is accepting nominations for its annual Pipeline & Gas Journal Awards, which will honor the midstream energy segment’s leading innovations and outstanding personal contributions to the industry.

Pipeline Technique to Acquire Stanley Oil & Gas

Pipeline Technique has agreed to acquire the oil and gas division of Stanley Black & Decker, which includes CRC-Evans, Pipeline Induction Heat, and Stanley Inspection.

Aramco Americas Named as Host Sponsor for Carbon Intel Forum

Gulf Energy Information, producer of the Carbon Intel Forum, is pleased to announce that Aramco Americas will be Host Sponsor for the 2022 event to take place September 28 – 29 in Houston, Texas.

People in the News June 2022

People in the News June 2022

Tellurian COO Keith Teague Retires

Tellurian Inc. announced on Monday that Chief Operating Officer Keith Teague is retiring from full-time employment and will continue with Tellurian in an advisory role.

What's New May 2022

Emerson, RegO, Sick, Dekotec, Esco Tool and Polygon.

Pipeline Operator TC Energy Posts Quarterly Profit

TC Energy reported a quarterly profit, compared with a year-earlier loss when it took C$2.2 billion ($1.7 billion) in impairment charges related to the suspension of its Keystone XL pipeline project.

What's New April 2022

News from Vermeer, NDT Global, Sensirion, Fine Tubes, NevadaNano and Ralston.

What's New March 2022

News from OleumTech, Honeywell, NDT Global, Dynatrol, Antaira and Denso.

BP Dumping Stake in Russia's Rosneft in Up to $25 Billion Hit

BP is abandoning its stake in Russian oil giant Rosneft, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine.

What's New February 2022

News from Sensirion, Polygon, Rockwell, Trimble, RegO and Antaira.

Decom Deploys 2 Pipeline Cutting Saws in Asia-Pacific

Decom Engineering Limited has consolidated a strong 2021 performance with a hat trick of international contract wins valued at more than $531,000 (£400,000).

TC Energy Beats Profit Expectations on Stronger Demand

Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.

Eni Talking to Investors on Energy Transition SPAC

Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.

U.S. Power Use to Rise in 2022 as Economy Continues to Grow - EIA

U.S. power consumption will rise in 2022 and 2023 as the economy continues to recover, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.

Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking

A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.

Carbon+Intel: Top US Oil States Vie for Carbon Capture Oversight to Speed Up Permits

Companies are proposing carbon capture and storage hubs to sequester greenhouse gas emissions from refineries, chemical and natural gas plants, a move that could help slow global warming.

TotalEnergies Withdraws Completely from Myanmar

Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.

Kinder Morgan Profit Tops Expectations on Higher Gasoline, Jet Fuel Volumes

Kinder Morgan beat Wall Street expectations for fourth-quarter profit, as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel with demand rising.

Associations in the News January 2022

INGAA Names New VP Environment   Jones The Interstate Natural Gas Association of America (INGAA) has named Julia Jones as its vice president of Environment. She brings to INGAA nearly two decades of experience as an environmental attorney.    Prior to joi..

Companies in the News January 2022

San Diego-based engineering firm Kleinfelder has acquired Century Engineering of Hunt Valley, Maryland. Century provides a multitude of engineering services including transportation planning, design, and inspection; information and spatial solutions (GIS).  ..