Companies
TechnipFMC to ‘De-Merge’ into Independent Companies
Less than three years after Technic merged with FMC Technologies to create a $20 billion offshore services company, London-based TechnipFMC said it will separate into two independent, publicly traded companies to focus on their respective strategies.
Elliott Pushes for Marathon Petroleum to Split Into Three
Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, including a separate midstream company, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses.
Casualties in Fight over New Gas Pipelines: The Customers
Chris Miles and his partners were ready to open their new seaside barbecue joint when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. Utility National Grid halted new gas hookups after the state rejected a new pipeline.
Lawsuit: Poor information about pipeline led to fatal blast
A federal lawsuit accuses a major pipeline company based in Georgia of failing to tell work crews where a major underground pipeline was located before they ruptured the line, touching off a deadly explosion in Alabama.
SemGroup Buy Prompts Energy Transfer to Build New Pipeline
Oil and gas pipeline company Energy Transfer said Monday it would buy smaller rival SemGroup Corp for $1.35 billion and build a 75-mile oil pipeline to strengthen its oil transportation, terminaling and export operations.
Oxy May Keep Some Western Midstream Ops: Morgan Stanley
A month after acquiring Anadarko, Occidental Petroleum is targeting $10-15 billion in asset sales but might accomplish this without divesting all of Western Midstream's operations.
NiSource Settles Mass. Gas Explosion Lawsuits for $143 Million
Utility operator NiSource agreed to pay $143 million to settle class action lawsuits related to a series of gas explosions in three suburban Boston communities last year.
MEG Energy Opposes Proposed Enbridge Pipeline Changes
Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system.
Gazprom Signals Tough Talks with Ukraine on Gas Transit to EU
Alexei Miller, the head of Russian gas giant Gazprom, on Friday warned of difficult talks with Ukraine on gas transit to Europe once the current deal expires at the end of the year.
UGI Completes $1.28B Columbia Midstream Acquisition
Energy distributor UGI Corporation said its Energy Services subsidiary has completed an acquisition of equity interests of Columbia Midstream Group from TC Energy for $1.275 billion.
Boskalis to Manage Seabed, Shore Crossing for Scarborough Pipeline
Papendrecht, Netherlands-based Royal Boskalis Westminster said it has been awarded a contract valued at $162 million (145 million euros) for seabed intervention and shore-crossing activities for the proposed Scarborough export gas pipeline in northwestern Australia.
Russia's Transneft, Oil Firms Clash over Pipeline System Clean-Up
Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil stuck in Russia's pipeline and storage system by diluting it with clean crude, four company sources said on Wednesday.
CorteCros
CorteCros has expanded its warehouse location in Split, Croatia, with a new manufacturing and laboratory at the site. Cortec’s proprietary VpCI/MCI corrosion control technologies are now manufactured at the facility in accordance with the REACH regulation, enabling fast shipment to any location wit..
Airborne Oil & Gas
Oilfield technology firm Airborne Oil & Gas and engineering company Simeros Technologies announced a collaboration agreement to deliver the first qualified Thermoplastic Composite Pipe (TCP) Risers in deepwater Brazil. Airborne Oil & Gas commenced its TCP riser qualification program last year...
Hyundai Construction Equipment Americas
Hyundai Construction Equipment Americas has added Correlli Inc. of Dundalk, Md., to its authorized dealer network. Hyundai said its North American network now includes more than 70 dealerships operating in more than 150 locations...
ICR Integrity
Integrated maintenance and integrity solutions provider ICR Integrity has acquired Sky-Futures Partners, which specializes in drone-based inspections and drone pilot training for the energy sector...
NDT Global
NDT Global has relocated its United Kingdom offices in Aberdeen to a more centralized hub. The new offices are located in the heart of Aberdeen at Marischal Square, offering improved access and amenities for visiting regional customers...
Enterprise Announces Expansion Projects at Houston Ship Channel
Enterprise Products Partners announced three additional expansion projects that will increase its capacity to load crude oil, LPG, and polymer grade propylene (PGP) from its Enterprise Hydrocarbon Terminal on the Houston Ship Channel
Archrock Acquires Elite Compression for $410 Million
Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.
Williams
Williams has sold its 50% interest in Jackalope Gas Gathering Services to an affiliate of Crestwood Equity Partners for $484.6 million. Prior to the transaction, Crestwood was marketer and Williams was operator for the 50-50 joint venture. Crestwood has assumed operatorship of Jackalope. P&GJ..
Equitrans
Equitrans Midstream Corporation and EQM Midstream Partners acquired a 60% interest in Eureka Midstream Holdings and 100% interest in Hornet Midstream Holdings in a transaction valued at $1.03 billion. P&GJ..
ConocoPhillips
ConocoPhillips has completed the sale of its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea. ..
Pin Oak
Pin Oak Energy Partners increased its acreage position across the Appalachian Basin to 167,000 net deep acres with the acquisition of 43,000 acres in the Utica Basin from Shell subsidiary SWEPI LP. P&GJ..
$1.6 Billion Liberty Pipeline Construction to Proceed Under Phillips 66, Bridger JV
Phillips 66 and Bridger Pipeline announced that they are proceeding with construction of the $1.6 billion Liberty Pipeline from the Rockies and Bakken production areas to Cushing, Okla.
Final Investment Decision Reached for Whistler Pipeline
MPLX LP, WhiteWater Midstream backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, Inc. have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers.
JP Services Announces Launch of Water Management Division
JPH Holdings, LLC (JP Services), a full turnkey pipeline integrity solutions company, is pleased to announce the launch of its new Water Management Division to service pipeline owners and operators.
Oryx Extends Open Season On Regional Transportation System
Oryx Extends Open Season On Regional Transportation System
McDermott Announces First Cargo from Cameron LNG Train 1
McDermott International announced that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry, La., marking a key step and precursor to completion of Train 1. The latest development follows the announcement of first liquid from Cameron LNG Train 1 on May 14.
NextDecade Mourns Death of Founder, Chairman Kathleen Eisbrenner
Kathleen Eisbrenner, founder and chairman of the board of Houston-based LNG company NextDecade, died May 9. She was 58 years old.
Buckeye Partners to be Acquired for $10.3 Billion
Buckeye Partners, which owns and operates one of the largest diversified networks of integrated midstream assets in North America, has agreed to be aquired by IFM Investors in an all-cash transaction with an enterprise value of $10.3 billion.
- 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
