Companies
Texas Eastern Gas Pipeline Explodes in Kentucky
Enbridge responded to an explosion Monday evening on Line 10 of its Texas Eastern system in Kentucky, and said Tuesday that it has shut-in a section of the pipeline. Gas futures rose on the news.
Poland's Gaz-System Reaches $306 Million Pipeline Deal with Saipem
Polish gas grid operator Gaz-System said on Monday it signed a 280 million euro ($306 million) contract with Italian oil services group Saipem to build a section of the Baltic Pipe between Denmark and Poland.
Williams Places Phase II of Hillabee Expansion in Service
Williams said it has placed Phase II of the Hillabee expansion project in service, adding natural gas capacity to the Transco system and direct access to Florida’s rapidly growing power generation market.
Phillips 66 Posts Loss on $3 Billion Writedowns in Refining, Transportation Units
Phillips 66 took $3 billion in writedowns during Q1, but strong earning in the company's midstream sector helped offset other losses.
TC Energy Boosts 2020 Capex to Build Keystone XL Pipeline
TC Energy, bolstered by better-than-expected quarterly profit earnings, is raising its capital spending budget for 2020 in order to build its Keystone XL Pipeline.
Cheniere Moderates 2020 U.S. LNG Growth Estimates
Due to the coronavirus pandemic, Cheniere Energy, the largest LNG company in the U.S., has cut its growth estimates for LNG exports as well as its investment in new projects.
Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge
Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.
Continental Resources Halts Bakken Shale Output, Seeks to Cancel Sales
The largest oil producer in North Dakota has halted most of its production and reportedly told some customers it will not supply crude after the latest price crash, but there are doubts whether force majeure applies.
Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins
As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.
Companies in the News
Eddyfi/NDT Acquires Subsea Specialty Firm Halfwave NDT Global, a supplier of ultrasonic inline inspection (ILI) and integrity services, said its parent company, Eddyfi/NDT, has acquired Halfwave, of Bergen, Norway. Halfwave is the owner of the proprietary..
Chevron Sells Azerbaijan Pipeline Assets
Chevron announced that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields, including interests in two pipelines, to MOL Hungarian Oil and Gas for $1.57 billion.
Kazakhstan Pipeline Work Continues Despite Tengiz Slowdown
Kazakhstan's biggest oil producer has reduced some work on its $45 billion expansion project in the west of the country due to the coronavirus outbreak, but pipeline construction continues.
Enterprise Offers Crude Oil Transport to Cushing on Seaway Pipeline
Enterprise Products Partners said it will give oil companies hunting for places to store crude the chance to ship barrels on its Seaway pipeline from the Gulf Coast to Cushing, Oklahoma, the main U.S. storage hub.
LNG Ltd Looks for New Partners After Takeover Bid Withdrawn
Liquefied Natural Gas Ltd said on Tuesday it is negotiating with other parties and has enough money to keep operating until May after Singapore-based LNG9 withdrew its takeover bid because the financing fell through:
Russia's Rosneft Becomes Top Oil Supplier to Belarus
Russian state oil company Rosneft will be biggest oil supplier to Belarus this month, after Moscow and Minsk settled their oil price row, Belarus state energy company Belneftekhim said on Monday.
Enbridge Applies for Construction of Great Lakes Pipeline Tunnel
Enbridge applied for permission to construct a pipeline tunnel beneath a waterway connecting two Great Lakes to replace an aging 4-mile stretch of its aging Line 5.
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.
- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Magellan Midstream Approves $18.8 Billion Sale to ONEOK, Creating Major U.S. Pipeline Player
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- Equitrans to Begin Construction on Ohio Valley Connector Expansion Project
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
