Companies
Qatar Petroleum Maintains Scope of LNG Expansion, Postpones Production — CEO
The CEO of Qatar Petroleum said that while the company intends to delay the start of production of its LNG facility, there are no plans to reduce the scope of the expansion project.
Phillips 66 Offers Storage on Gray Oak Pipeline
Phillips 66 will offer on system storage for shippers on its Gray Oak pipeline system.
EnLink Midstream Lays off 20% of Workforce
EnLink Midstream said it has laid off about 300 employees, or 20% of its workforce, to cut costs amid an unprecedented crash in oil prices because of the coronavirus outbreak and a price war between Saudi Arabia and Russia.
Cheniere Applies to Begin Service on Midship Pipeline
Cheniere has applied to the U.S. FERC to begin service on its Midship natural gas pipeline.
Sempra Energy to Continue with Costa Azul LNG Project
Sempra Energy is planning to continue with its plans to build the first phase of its Costa Azul LNG Export Project in Mexico even as the coronavirus pandemic suppresses worldwide energy demands.
Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts
Phillips 66 said the Red Oak Pipeline, Sweeny Frac 4 and Liberty Pipeline projects have all been deferred by cost-cutting efforts. A final investment decision on ACE Pipeline also was postponed.
Shell, INOX India Sign MoU for LNG Distribution
Shell has signed a Memorandum of Understanding with India's INOX to deliver LNG to customers not connected to distribution pipelines.
Companies
Lineal Industries, the specialty construction, maintenance and pipeline integrity services company, announced the opening of a new field operations office in Houston. The 65-year-old company, which originally focused on the U.S. Northeast midstream and upstream markets is based in the Pittsburgh sub..
TC Energy Signs Letter of Intent to Acquire Pioneer Pipeline
TC Energy announced that its wholly owned subsidiary, NOVA Gas Transmission Ltd., has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million.
Marathon Petroleum Explores $15 billion MPLX Asset Sale — Sources
Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.
Brazil's Petrobras to Begin Sales Process for NTS Pipeline Stake: Executive
Brazil’s state-run oil firm Petroleo Brasileiro SA will begin the process this month to sell its 10% stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), according to Anelise Lara, the oil company’s director of gas and refining.
Enbridge Hires Companies to Design, Build Great Lakes Tunnel
Enbridge Inc. said Friday it has hired companies to design and build a disputed oil pipeline tunnel beneath the channel linking Lakes Huron and Michigan, despite pending legal challenges.
Tellurian Looking to Cut Costs Amid Weak LNG Demand
Liquefied natural gas (LNG) producer Tellurian Inc said on Monday that it planned to cut spending and was seeking to extend the maturity date of a loan, as it looks to cope with weak demand and low prices for the fuel.
Energy Transfer Announces Supplemental Open Season for Bayou Bridge Pipeline System
Energy Transfer subsidiary, Bayou Bridge Pipeline has launched a Supplemental Open Season to solicit additional shipper commitments for transportation service from Nederland, Texas to Lake Charles, Louisiana through the Bayou Bridge Pipeline System.
ONEOK to Expand Elk Creek Pipeline
ONEOK has announced plans to expand two of its natural gas pipelines by the end of Q1 2020, including the Elk Creek Pipeline.
Trafigura, Phillips 66 Form JV for Deepwater Texas Oil Port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
EQT Corp Sells Half Its Stake in Pipeline Operator, Strikes Rate Relief Deal
EQT Corp said on Thursday it renegotiated its gas transportation rates and sold half its stake in pipeline company Equitrans Midstream Corp as the largest U.S. natural gas producer tries to cope with low fuel prices.
Eversource to Acquire Columbia Gas of Massachusetts Assets for $1.1 Billion
Eversource Energy announced that it has reached an agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion from NiSource.
Williams Seeks to Raise $5 Billion by Selling Stake in Pipelines - Sources
Williams Companies is seeking a partner to invest in a network of its pipelines in the western United States, a deal that could raise close to $5 billion for the Tulsa, Oklahoma-based company, people familiar with the matter said.
Enbridge to Purchase Rio Bravo Pipeline from NextDecade
NextDecade Corporation and Enbridge announced that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC from NextDecade.
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.
NextDecade’s Rio Grande LNG Receives Non-FTA Export Authorization
NextDecade Corporation has announced that the U.S. Department of Energy has issued an order granting authorization to export liquefied natural gas from its Rio Grande LNG facility to non-free trade agreement (non-FTA) countries.
Companies
Netherlands-based inspection and industrial services provider Intero Integrity Services announced it has acquired The Sniffers. Founded in 1991, The Sniffers is an emission monitoring and pipeline integrity services firm with headquarters in Belgium. GreenGasUSA and Dominion Energy Carolina Gas (..
T.D. Williamson Turns 100
Global pipeline services provider T.D. Williamson turned 100 on Jan. 2, 2020. During its anniversary year, the company said, it will recognize its growth along with the the oil and gas industry, salute the people responsible for that growth and celebrate its partnerships with leading pipeline organizations.
People
Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors. His industry experience over more than four decades includes titles as chairman and CEO of Schlumberger from 2003 to 2011 and nonexecutive chairman of BG Group from 2012 to..
Fluoramics
Fluoramics introduced an application tip for its 100-gram tube of Formula-8 thread sealant. The packaging makes it easier for users who require one-handed application. The extended tip also makes it easy to access hard-to-reach areas. Formula-8 is a shear-sensitive paste that sheets out into polytet..
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.
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.
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.
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.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
