Company News
Energy Transfer Upping NGL Investments as Oil Pipeline in Doubt
Energy Transfer LP executives said the company is deepening its investments in natural gas liquids (NGLs) as crude oil pipeline shipments decline and as the company faces the possible closure of its Dakota Access line.
TC Energy Profit Rises 13% on Earnings from U.S. Gas Pipelines
TC Energy Corp reported a 13.4% rise in fourth-quarter comparable profit on Thursday, partly helped by lower operating costs for its U.S. natural gas pipelines.
Energy Transfer to Acquire Enable Midstream for $7 billion
Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.
U.S. Pipeline Operator Energy Transfer to Tap into Alternative Energy
Traditional oil and gas companies are under increasing pressure to invest more in renewable energy and carbon-capture technology to battle climate change.
CorEnergy Acquires Crimson’s California Pipeline Assets
CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million.
Phillips 66 Selects Crux OCM for Pipeline Control Center Operations Pilot
Phillips 66 selected Crux OCM, a pioneer of robotic industrial process automation (RIPA) for oil and gas operations, for a pipeline control center operations pilot.
Companies in the News
Companies The ROSEN Group announced that it has joined the European Clean Hydrogen Alliance, which was launched by the European Commission last July as part of the EU strategies for energy system integration and hydrogen. In a statement, ROSEN said, “As a company committed to helping operators o..
Pipeline Tech Specialist STATS Group Promotes Employees to Senior Executives
Specialist pipeline technology company, STATS Group, has promoted two long-serving employees to senior executive positions.
SITE RG Goes from Strength to Strength in 2020
Despite the tough year of 2020, one Alberta-based integrated services provider business, SITE Resource Group (SITE), continues to thrive.
Tumbleweed Midstream Announces 10-Year Helium Sales Agreement
Colorado’s Tumbleweed Midstream announced it has executed a new 10-year helium sales agreement with a global tier one helium supplier, which will allow Tumbleweed to sell up to 10% of its helium production to third-party buyers.
Edge LNG Announces New Texas Facility
Edge Gathering Virtual Pipelines 2, a pioneer in delivering low-cost, high quality LNG to market by converting stranded and flared natural gas, unveiled its new facility in Midland, Texas, due to growing demand for its services.
Canada’s Pipetel Merges with Intero Integrity Services
Intero Integrity Services, backed by First Reserve, announced announce the completion of a merger with Pipetel Technologies, an innovative service provider to the gas utility industry specializing in robotic inline inspection of challenging pipelines.
Phillips 66 Announces Midstream Growth Along with Fourth Quarter Loss
Phillips 66 announced an adjusted loss of $507 million in the fourth quarter of 2020, compared to an adjusted third-quarter loss of $1 million.
JD Fields and HDM Tubes Building Spiralweld Mill in Texas
JD Fields & Company, a leading U.S. steel products distributor for oil & gas pipeline and civil infrastructure, announced plans for JDF/HDM Spiralweld Mill in Sinton, Texas.
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 ..
Kinder Morgan Beats Profit Estimates after Higher Gas Demand
Pipeline companies are seeing a recovery in transport volumes after the pandemic wreaked havoc on demand,
Max Midstream Announces Agreement with Major European Tank Storage Company
Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.
Apache Corp Creating New Holding Company
Apache Corp plans to create a holding company structure, which typically allows a firm to lower its tax bill, protect patents and diversify its unit's businesses efficiently.
Phillips 66 Budget Down 43% From 2020’s Forecast
Phillips 66 said its 2021 budget includes capital expenditures of $776 million on the refining segment and $610 million on midstream as the energy industry struggles to recover from the blow of the COVID-19 pandemic.
Hilcorp Unit Completes BP Alaska Acquisition
Privately held Hilcorp Energy's unit completed a $5.6 billion acquisition of BP's business in Alaska, taking over the region the British oil major had operated in for 60 years.
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,
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.
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.
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.
- 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
