Company News
Chesapeake Selling Eagle Ford Assets for $1.4 Billion; Focusing on Gas-rich Marcellus, Haynesville
U.S. oil and gas exploration and production company Chesapeake Energy Corp. said on Wednesday it had agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.43 billion in cash.
Gas Starts Flowing to Freeport LNG Export Plant in Texas
Freeport LNG's long-shut LNG export plant on the Texas Gulf Coast started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.
Wintershall Dea to Leave Russia, Causing $8 Billion Loss at Parent BASF
Chemicals giant BASF on Tuesday unveiled a $7.9 billion non-cash impairment on Wintershall Dea, after the oil and gas exploration joint venture decided to exit Russia following its invasion of Ukraine.
Corrosion Resistant Alloys Successfully Acquires PipeSearch
(P&GJ) — Corrosion Resistant Alloys LLC, a manufacturer of high-grade corrosion-resistant alloy tubulars, has fully acquired PipeSearch, a digital technology company powering global tubular solutions.
Companies in the News December 2022
Companies in the News December 2022
Pipeline & Gas Journal Awards Winners Honored at In-Person Houston Gala
An elite group of midstream professionals gathered in Houston at the Westin Galleria Hotel on Thursday evening to attend the second Pipeline & Gas Journal Awards gala, which honored the midstream industry’s leading innovations and outstanding personal contributions.
Oil Refiner Citgo Petroleum Reports $477 Million Third Quarter Profit
Oil refiner Citgo Petroleum on Thursday reported third quarter earnings of $477 million on strong margins and higher throughput at its three U.S. oil processing plants.
Argentina’s YPF Nearly Triples Q3 Profit on Upped Production, Prices
Argentina's national oil company YPF reported on Wednesday it nearly tripled its third-quarter net profit compared to the same period last year as production and prices rose.
Pipeline Operator TC Energy Posts Higher Profits, Looks to Sell Assets
North American oil and gas pipeline company TC Energy Corp. said on Wednesday it was looking to sell $3.7 billion worth of assets to repay debt and fund new projects and reported an 8% rise in quarterly profit.
Pipeline Operator Plains All American Raises 2022 Profit Forecast
Oil and gas pipeline operator Plains All American on Wednesday raised its profit forecast for the third time this year, helped by higher volumes on its Permian basin pipelines and increased commodity prices.
Martin Midstream Sells California Sulfur Terminal to Gulf Terminals
(P&GJ) — Martin Midstream Partners LP has announced the sale of its Stockton Sulfur Terminal to Gulf Terminals LLC. The net proceeds of approximately $5.25 million will be used to reduce outstanding borrowings under the partnership’s revolving credit facility.
Companies in the News September 2022
Companies in the News September 2022
Pipeline Technique Successfully Acquires Stanley’s Oil and Gas Division
Pipeline Technique, a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker.
Companies in the News August 2022
Companies in the News August 2022
Tellurian Completes $126 Million Acquisition of Haynesville Natural Gas Assets
Tellurian Inc. subsidiary Tellurian Production LLC said on Thursday it has closed the previously announced acquisition of certain assets in the Haynesville Basin from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners LLC.
Pipeline Operator DCP Midstream Receives Acquisition Proposal from Phillips 66
U.S. refiner Phillips 66 on Wednesday offered to acquire the public units of DCP Midstream in a deal that would value the pipeline operator at $7.2 billion and bulk up Phillips' natural gas liquids business.
Pipeline Operator Energy Transfer Completes Sale of Stake in Energy Transfer Canada
Energy Transfer LP has completed the sale of its 51% interest in Energy Transfer Canada ULC (Energy Transfer Canada) on Tuesday to a joint venture which includes Pembina Pipeline Corporation and global infrastructure funds managed by KKR.
2022 Pipeline & Gas Journal Awards Finalists Announced
Pipeline & Gas Journal Awards judges have narrowed down nominations and are happy to announce the finalists for its annual event in November, which honors the midstream sector’s leading innovations and outstanding personal contributions to the industry.
Canada’s Trans Mountain Names Dawn Farrell as President, CEO
Canadian pipeline operator Trans Mountain Corp. has named Dawn Farrell, former top boss of electricity firm TransAlta Corp., as its CEO and president on Wednesday.
Artera Reveals Plans to Merge Otis Eastern and Minnesota Limited
Artera Services, one of the nation’s industry-leading providers of integrated infrastructure services to the natural gas industry, announced its plan to merge Otis Eastern Service, and Minnesota Limited, to form Otis Minnesota Services LLC.
Shell USA, Shell Midstream Partners to Merge in $1.96 Billion Deal
Shell USA Inc. has agreed to merge with Shell Midstream Partners LP in a deal valued at $1.96 billion, the company said on Monday.
Companies in the News July 2022
Companies in the News July 2022
Pipeline & Gas Journal Accepting Nominations for Annual P&GJ Awards
Pipeline & Gas Journal is accepting nominations for its annual Pipeline & Gas Journal Awards, which will honor the midstream energy segment’s leading innovations and outstanding personal contributions to the industry.
Pipeline Technique to Acquire Stanley Oil & Gas
Pipeline Technique has agreed to acquire the oil and gas division of Stanley Black & Decker, which includes CRC-Evans, Pipeline Induction Heat, and Stanley Inspection.
EnLink Midstream Founder, CEO Barry Davis to Retire
EnLink Midstream Chairman and CEO Barry E. Davis will retire from EnLink, the company he led the founding of, after more than 25 years of leadership, the company announced in a statement.
Aramco Americas Named as Host Sponsor for Carbon Intel Forum
Gulf Energy Information, producer of the Carbon Intel Forum, is pleased to announce that Aramco Americas will be Host Sponsor for the 2022 event to take place September 28 – 29 in Houston, Texas.
Shale Gas Producer Chesapeake Energy Aims to Expand Push into LNG
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas adviser, according to a job listing, as it seeks to expand into the fast-growing export market.
Companies in the News June 2022
Sugar Land, Texas-based Rangeland Energy announced that it has secured a $300 million growth equity commitment from EnCap Flatrock Midstream to support the formation of a new entity, Rangeland Energy IV, which will pursue midstream acquisitions and development opportunities.
Companies in the News May 2022
DEKOTEC GmbH, Corrosion Resistant Alloys and AMECO.
What's New May 2022
Emerson, RegO, Sick, Dekotec, Esco Tool and Polygon.
- 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
