Companies
Enbridge Reports Higher Profit as Pipeline Volumes Rise
Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.
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.
New York Pension Fund to Divest Half its Shale Companies
New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy.
Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery
Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.
Williams Hires LNG Executives for New Marketing Arm
U.S. natural gas pipeline operator Williams Companies has hired two veteran executives to set up an LNG marketing operation, according to employee profiles and people familiar with the matter.
Editor's Notebook - Replacing Pipelines in California
Plains All American’s application to build a replacement pipeline in California is entering a critical phase this year, as the state’s potential as a location for fuel infrastructure increasingly comes in conflict with efforts to curb climate change.
Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant
U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.
Blow to Gazprom Critics as EU Court Upholds Antitrust Settlement
Gazprom's critics suffered a blow on Wednesday when an EU court upheld a 2018 decision that let the Russian gas giant settle an antitrust investigation without paying a fine.
Norway Approves Development of Equinor's Kristin South Project
Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system
Denmark's CIP to Lead Giant Green Hydrogen Project in Spain
Danish renewable company Copenhagen Infrastructure Partners will lead a project in Spain to build a giant hydrogen plant, it said on Tuesday, as part of the Spanish government's efforts to use EU funds to become a top producer of the gas.
Exxon to Raise Permian Basin Output by 25% This Year
Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.
Shell Re-Routes Oil Supplies after Cyberattack on German Firm
Shell said on Tuesday it was re-routing oil supplies to other depots following a cyberattack on two subsidiaries of German logistics firm Marquard & Bahls that disrupted IT systems and supply chain.
Va. Regulators Approve MVP Stream-Crossing Permit
After a series of setbacks, the Virginia State Water Control Board approved a necessary stream-crossing permit for the embattled Mountain Valley Pipeline (MVP).
What's New December 2021
News from Dekotec GmbH, AIO, Sensor Networks, Endress+Hauser, Farwest, Weldcote and Honeywell.
Companies in the News December 2021
Texas Pipeline Operator Altus to Combine with BCP Raptor Altus Midstream will merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt. The transaction allows BCP to go public and gives control of..
Pembina CEO Mick Dilger Steps Down
Pembina Pipeline Corporation announced that Mick Dilger has stepped down as president and CEO to pursue other opportunities. Chief Financial Officer Scott Burrows will take the top job on an interim basis.
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..
Companies in the News September 2021
Corrosion prevention and sealing products manufacturer Winn & Coales International (Denso) acquired the global Viscotaq business, including Amcorr Products and Services, which formulates and manufactures viscoelastic protective coating technology. The patented Viscotaq product range provides sel..
Line 3 Pipeline Approaches Completion after Court Ruling
Enbridge's Line 3 replacement project is nearing completion after successfully defending another legal challenge last week, when the Minnesota Supreme Court decided it would not hear an appeal from opponents who sought to overturn regulatory approval.
Companies in the News August 2021
Peak Utility Services Group, a provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, has acquired Superior Pipeline Services (SPS), a natural gas utility services contractor. Denver-based Peak provides maintenance, repair, upgrade and insta..
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
Customers Signing Long-Term LNG Deals Again – Cheniere
LNG company Cheniere Energy said customers are starting to sign long-term contracts to buy LNG again, noting that market dynamics continue to support its long-term growth expectations for natural gas worldwide
Eni to Deliver Carbon Neutral LNG Cargo to Taiwan's CPC
Italian energy group Eni said it has reached an agreement with Taiwan's CPC Corporation for the delivery of a carbon-neutral LNG cargo to CPC at the Yung An receiving terminal in Taiwan.
Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility
Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico
Companies in the News April 2021
Companies Chevron U.S.A. and Brightmark expanded their joint venture to produce and market renewable natural gas (RNG) from dairy biomethane projects across the United States. Subsidiaries of their RNG joint venture currently own RNG projects in Western New York, Western Michigan, Central Flor..
Companies in the News March 2021
The Collins Companies, one of the largest privately held industrial distributors of pipe, valves and fittings (PVF) and engineered specialties serving the Northeast, announced it has acquired the assets of Niagara Controls in Buffalo, N.Y. and consolidated its management with Collins’ Niagara Divisi..
Duke Energy Begins Replacing Aging Gas Pipeline
Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the city of Cincinnati.
Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal
Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.
Magellan Midstream, Enterprise Combine to Develop Houston Oil Futures Contract
The midstream infrastructure companies said the project is in response to market interest for a Houston-based index with greater scale and price transparency.
Companies
NuStar Energy announced that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale in November. For the second consecutive year, New Jersey Resources has been named one of America’s Most Responsible Companies by ..
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- MEG Energy Confirms Trans Mountain Pipeline Expansion to Begin Line Fill in April
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
