Companies
Court Approves Williams' Deal with Bankrupt Chesapeake
A bankruptcy court has approved Williams' agreement to take ownership of some Chesapeake Energy assets in exchange for accepting lower gas gathering fees.
Eni Lifts Force Majeure on Nigeria's Brass River Crude Exports
taly's oil major Eni said it was lifting force majeure on Nigeria's Brass River crude oil exports on Wednesday after pipelines had been repaired following sabotage.
Phillips 66 Lowers 2021 Spending Budget
U.S. oil refiner Phillips 66 on Monday set its 2021 capital budget at $1.7 billion, around 43% lower than forecast for the previous year, as the energy industry struggles to recover from the blow of the COVID-19 pandemic.
Pinnacle Midstream II Plans Gathering, Compression System in Midland Basin
Pinnacle Midstream II on Tuesday said it has signed a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy that anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin.
Husky Energy Shareholders Approve Sale to Cenovus
Husky Energy Inc said on Tuesday its shareholders approved the company's merger with rival Cenovus Energy Inc to create Canada's No. 3 oil and gas producer,
North Sea Could Shift from Oil Reservoir to CO2 Storage - Total CEO
The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.
TC Energy to Acquire TC PipeLines in $1.68B Deal
TC Energy Corp said on Tuesday it would acquire all outstanding shares of TC PipeLines LP in a deal that values the natural gas pipelines operator at about $1.68 billion.
Nigerian Shell Employees Damaged Pipelines for Profit - Dutch TV
Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on clean-up operations, Dutch investigative TV program Zembla reported.
Eni Looking to Sell Assets in Pakistan - Sources
Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas portfolio following a strategic re-shake this year, sources close to the matter said.
Midwest Refiners to Pipe More Fuel to East Coast, Pressuring Plants
U.S. Midwest refiners are gearing up to pipe more gasoline and diesel to East Coast buyers, hoping to fill a void created by refinery closures and cutbacks, but likely to add pressure to regional fuel producers.
Kinder Morgan Sees Higher Income in 2021, Raises Dividend
Kinder Morgan Inc said on Tuesday it expects to generate higher income in 2021 and raised its annual dividend, as the pipeline operator cost cuts this year in the face of oil demand destruction.
Enbridge Expects Higher Pipeline Volumes, Rates in 2021
Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year.
Magellan Midstream Tank Explosion Injures 7 in Corpus Christi
Seven Magellan Midstream Partners employees were injured, four critically, when a storage tank at a Magellan plant in Corpus Christi exploded after catching fire Saturday morning, according to deputy Fire Chief Richie Quintero.
Minnesota Regulators Deny Request to Delay Line 3 Pipeline
A Minnesota regulatory panel has denied a request to stop Enbridge's Line 3 pipeline project, which broke ground this week after receiving its final state permit.
Uganda Gives Environmental Consent to $3.5B Oil Pipeline
Uganda has granted environmental approval for a $3.5 billion pipeline to export crude oil from western fields to the Indian Ocean coast in Tanzania.
Chevron Tightens Belt Again with Billions in Spending Cuts
Chevron has cut billions off its long-term capital and exploratory budget, even after a major restructuring of its operations, but plans more Permian and GOM spending in 2022.
Magellan Midstream to Boost Loading capacity at Cheyenne Terminal
Magellan Midstream Partners said it will invest $4.65 million to increase truck loading capacity at its refined oil products terminal in Cheyenne, Wyo., by more than 50%.
Mexico Shuts Off Natural Gas Supply to Brazil's Braskem
Mexico has cut off natural gas supply to Braskem's Mexican operations, the company and government said, intensifying a dispute between President Andres Manuel Lopez Obrador and the Brazilian petrochemical company.
Enbridge Starts Construction on Line 3 Pipeline in Minnesota
Enbridge began construction on its Line 3 crude oil pipeline replacement in Minnesota on Tuesday, a day after state regulators approved the final permit for the $2.6 billion project amid legal challenges from lactivist and Indigenous groups.
Fire Shuts Equinor Gas Processing Terminal, Methanol Plant
A fire at Norway's Tjeldbergodden industrial facility on Wednesday triggered an evacuation of staff and the shutdown of Europe's largest methanol plant and a gas processing terminal, state-controlled oil firm Equinor said.
Gassco Changes Make Norway Gas Flows Harder to Gauge - Analysts
Norwegian gas pipeline operator Gassco launched a revamped data website this week that switches away from live physical flows, drawing criticism from analysts who say it has reduced transparency in a key energy market.
Tellurian Withdraws Application for Permian Global Access Pipeline
LNG developer Tellurian Inc told federal energy regulators it wants to withdraw its application to build the Permian Global Access natural gas pipeline in Texas and Louisiana.
Simoes Succeeds Gentle as Tellurian CEO
U.S. LNG developer Tellurian said its president and chief executive, Meg Gentle, is leaving the company and will be succeeded by Octavio Simoes, previously executive vice president of LNG Marketing and Business Development.
Anti-Pipeline Activists Face Terrorism Charges for Rail Scheme
Federal authorities in Seattle have charged two people with a terrorist attack on train tracks, suggesting they were motivated by opposition to a natural gas pipeline when they interfered with the operation of a railroad in Washington state.
Family of Jailed Houston Oil Exec Asks for Venezuelan Leader's Mercy
The family of a Houston-based Citgo oil executive convicted and ordered to prison in Venezuela alongside five others appealed directly to President Nicolás Maduro for mercy.
Minnesota Tribes File to Halt Line 3 Pipeline Approval Due to Virus
Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy's Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading.
Gazprom Swings to Q3 Net Loss of $3.3B, Raises 2020 Exports Outlook
Russian gas giant Gazprom reported a loss of 251.3 billion roubles ($3.3 billion) for the third quarter due to the weak rouble, the company said on Monday, while it also raised its outlook for gas exports to Europe, a key source of revenue.
Nord Stream 2 to Resume Pipelaying This Year
Russia's Nord Stream 2 said it plans to resume pipelaying work on the short, final stretch of the stalled Moscow-backed gas pipeline to Europe, in spite of U.S. sanctions.
Norway's DNV GL Suspends Nord Stream 2 Work over U.S. Sanctions Fear
Norway's risk management and quality assurance firm DNV GL said it has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States.
ExxonMobil to Cut up to 300 Jobs in Canada
ExxonMobil said Wednesday that it plans to eliminate up to 300 jobs in Canada by the end of 2021 as part of its ongoing efforts to lower costs. It said the global pandemic has increased the urgency of its cutbacks.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- Editor’s Notebook: Alaska’s New LNG Pipeline Push Faces Long Odds
