Company News
Tellurian Signs Long-Term Lease with the Port of Lake Charles
Tellurian Inc. announced its wholly owned subsidiary, Driftwood LNG, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in Sulphur, Louisiana.
Enbridge Raises Funds from Sustainability Bonds in Climate-Goal Push
Enbridge Inc said it has closed its inaugural sustainability-linked bond, the first company in the midstream sector to raise sustainable bonds in North America, as it moves a step closer to its environmental goals.
Saudi Aramco Seeks Financing Advisor for Gas Pipeline Deal
Saudi Aramco has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant's second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said.
S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline
State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling.
Southwest Gas Begins RNG Projects to Provide Clean Energy to Customers
Southwest Gas is actively working with RNG developers to interconnect various RNG projects across company service areas with Southwest Gas' facilities. There are four projects in Arizona and one in California that are approved and will take RNG to market shortly.
Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say
Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.
PipeChina Aims for Peak Carbon Emissions Before 2030
China Oil and Gas Pipeline Network, or PipeChina, aims to bring its carbon emission and energy consumption to a peak before 2030, a company manager said.
Gazprom’s Amur Gas Processing Plant Nearing Completion
Gazprom’s Amur Gas Processing Plant project is more than 75% complete following its commissioning ceremony for the first production train earlier this month.
Magellan, Enterprise Working with Intercontinental Exchange for Houston Crude Oil Futures Contract
Magellan Midstream Partners, Enterprise Products Partners and Intercontinental Exchange announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.
Sypris Wins Awards from Two High-Pressure Energy Projects
Sypris Technologies, a subsidiary of Sypris Solutions, recently received orders for specialty high-pressure closures for use in two large projects, the Golden Pass LNG Export project and the Cherry Point Refinery Renewable Diesel Optimization project.
Brookfield Includes All-Cash Option in Inter Pipeline Offer
Brookfield's revision comes as the investment firm tries to beat a rival bid from Pembina Pipeline Corp, which has been recommended by Inter's board.
Williams Announces Deepwater Export Agreement at Shenandoah
Facilities to be installed include a five-mile offshore lateral pipeline build from the Shenandoah platform to Discovery’s existing Keathley Canyon Connector pipeline, and additional onshore processing facilities to handle the expected rich Shenandoah production.
EagleClaw Midstream Targeting Net Zero GHG Emissions by 2050
EagleClaw Midstream announced it has issued its first Environmental, Social and Governance report and identified bold steps in its plan to achieve net zero greenhouse gas emissions by 2050.
T.D. Williamson Performs First SmartPlug Pipeline Isolation in Offshore Nigeria
Isolating the 267-km (165-mi) natural gas pipeline off the shore of Nigeria enabled the safe change-out and leak testing of platform valves without depressurizing the system.
New Technology from Onboard Dynamics Can Reduce Fugitive Methane Releases
This mobile, fully integrated solution will provide operators of natural gas pipelines a tool to safely minimize their greenhouse gas emissions during routine pipeline maintenance.
Key Win for Enbridge Oil Pipeline as Minnesota Court Affirms Regulator Approval
The Minnesota Court of Appeals on Monday affirmed a state regulator's decision that there is sufficient need for Enbridge Inc to replace its Line 3 pipeline, handing the Canadian company a crucial victory in its lengthy battle with environmental opponents.
Empire Midstream Acquires Offshore Gulf of Mexico Pipeline
Empire Midstream announced that its affiliate Empire Auger 12 has acquired the Auger 12” pipeline from Pecten Midstream, a subsidiary of Shell Midstream Partners.
Shell Weighs Blockbuster Sale of Texas Shale Assets
Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.
National Poll Finds Strong Support for Oil and Gas Pipelines
By a margin of more than 3-to-1, Americans believe pipelines are the best option to transport oil and gas compared to the alternatives of truck and train, both of which present additional risk and produce higher levels of carbon emissions.
TC Energy Terminates Keystone XL Pipeline Project
Energy infrastructure company TC Energy said on Wednesday it had terminated the $9 billion Keystone XL pipeline project, months after U.S. President Joe Biden revoked a key permit in a blow to Canada's oil sector.
One Password Allowed Hackers to Disrupt Colonial Pipeline
The head of Colonial Pipeline told U.S. senators that hackers who launched last month's cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single password.
Libya Oil Pipeline Leaks Hitting Output, NOC Chief Says
The head of Libya's National Oil Corp (NOC) reiterated on Wednesday the need for funds for much needed repairs in the oil industry after corroded pipelines recently hit production.
Abu Dhabi's Mubadala Joins EIG-Led Consortium Buying Aramco Pipeline Stake
Abu Dhabi state investor Mubadala said on Tuesday it has joined a consortium led by U.S.-based EIG Global Energy Partners that had agreed to buy a 49% equity stake in Aramco Oil Pipelines Co.
Hartree Partners Buying Plains All American’s Natural Gas Storage Assets for $850 Million
Plains All American and Hartree Partners announced Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million.
Pembina Pipeline to Buy 50% Stake in Canada's Proposed Cedar LNG
Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada's proposed Cedar LNG Project to develop the floating LNG facility in British Columbia in partnership with indigenous group, The Haisla Nation.
U.S. Recovers $2.3 Million From Colonial Pipeline Ransomware Attack
The U.S. Justice Department on Monday said it recovered some $2.3 million worth of cryptocurrency from the Colonial Pipeline Co ransomware attack.
Companies in the News June 2021
Honeywell said 11 of its safety products were selected as winners in the 2021 iF Design and Red Dot product design competitions, recognizing its “best-in-class and user-centric designs that keep workers and workplaces safe globally.” The iF Design and Red Dot awards received thousands of entries w..
Third Coast Midstream Announces Sale of Final Non-Gulf Coast Related Assets
Third Coast Midstream announced that on Tuesday, one of its subsidiaries completed the sale of Third Coast Midstream's final non-core asset, and the company has fully reached the goal of becoming a Gulf of Mexico and Gulf Coast-focused midstream company.
Savannah Energy in Talks to Buy Exxon's Chad, Cameroon Stakes
Africa-focused Savannah Energy and Exxon Mobil Corp are in exclusive talks over the sale of Exxon's interest in energy assets in Chad and Cameroon. The British oil and gas producer is proposing to buy a 40% operated interest in the Doba oil project in Chad, and a 40% interest in the Chad-Cameroon oil transportation pipeline.
Inter Pipeline Acquires Milk River Pipeline System
Inter Pipeline announced it completed the acquisition of the Milk River pipeline system from Plains Midstream Canada ULC, in exchange for its 100% ownership in the Empress II and 50% ownership in the Empress V straddle plants.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
