Business News
Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor
Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.
Sources: US Slowing Down Oil and Gas Mergers
Regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden's administration scrutinizes deals in a bid to tackle soaring energy prices.
Exxon Board Debates Dropping Several Major Oil and Gas Projects
The board members expressed concerns about some projects, including a $30 billion LNG development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said.
Enterprise’s Baymark Ethylene Pipeline Mechanically Complete, Being Commissioned
The pipeline, which is intended to extend Enterprise’s ethylene pipeline and logistics system further into south Texas, starts in the Bayport area of southeast Harris County and extends about 90 miles to Markham, Texas.
Icahn Launches Offer for Southwest Gas Shares, Seeks to Replace Board
Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.
Navigator Approved to Develop, Construct Heartland Greenway Pipeline System in Midwest
Navigator CO2 Ventures announced that because of commitments received during its binding open season, it has obtained the necessary board approvals to proceed with its proposed carbon capture pipeline system.
Finalists Announced for the 2021 WPC Excellence Awards
At the World Petroleum Congress, the World Petroleum Council recognizes some of the most outstanding projects and innovations in the oil and gas sector. More than 130 nominated projects were reviewed by the independent judging panel in this cycle’s awards nominations.
Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Energy Crunch Stokes Inflation, Economic Recovery Concerns
Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.
United Energy Buys 140-Mile Oklahoma Natural Gas Pipeline
United Energy announced it signed a purchase agreement for a 140-mile natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Associations in the News October 2021
George Hamilton has joined the National Utility Contractors Association to lead its membership and chapter development programs. Hamilton previously led the membership department for the International Association of Business Communicators and served as marketing and membership manager at CFRE Intern..
Companies in the News October 2021
Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..
People in the News October 2021
McAnally ONE Gas Inc. announced Robert S. McAnnally has been named president and CEO and joined the company’s board of directors, succeeding Pierce H. Norton II, who is now president and CEO of ONEOK Inc. McAnnally has been with ONE Gas for six years, initi..
What's New October 2021
Vermeer Vermeer upgraded its truck-mounted vacuum excavator line with the new VXT300 truck vac, which is outfitted with an 8-cubic-yard (6.1-cubic-meter) spoil tank, 6-inch (15.2-cm) dig tube and the ability to carry up to 800 gallons (3,028 L) of water s..
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
Isolation Enables Operator to Replace, Pressure Test Pipeline
T.D. Williamson completed its first SmartPlug isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Dominion to Sell Questar Pipeline to Southwest Gas in Near $2 Billion Deal
Dominion Energy said on Tuesday it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion.
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal to Tap Surging Gas Demand
Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct. 1. Excluding Teekay's debt, the deal is for $1.5 billion, and the companies expect to close the deal by the end of 2021.
Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market
Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.
Former PetroChina Executive Under Probe for Suspected Graft
Ling Xiao, who resigned last month from his position as a vice president of PetroChina, had been a PetroChina veteran long responsible for company's natural gas pipeline and marketing business.
SoCalGas Testing Hydrogen Blending in Infrastructure and Appliances in Closed Loop System
Technicians are measuring the performance of common household appliances like stoves, wall heaters and forced-air furnaces when they are fueled with a blend of hydrogen and natural gas.
Bolivia’s YPFB Transporte to Boost Gas Pipelines Capacity
YPFB Transporte S.A.’s objectives for 2021 are to increase natural gas production and meet the growing demands of the domestic market, such as respecting the contracts with Brazil and Argentina.
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.
- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
