Company News
Kinder Morgan Closer to 3rd Permian Pipeline
Kinder Morgan is “moving along” with plans for a third major pipeline project from the Permian Basin – the newly named Permian Pass, which would deliver natural gas from West Texas to the Sabine area of the East Texas-Louisiana Gulf Coast, CEO Steven Kean said.
Plains All American to Remove Steel Tariff Surcharge on Cactus II
Plains All American Pipeline filed with U.S. regulators to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.
Tellurian Finds Strong Demand for Permian Global Access Project
An open season for Tellurian’s Permian Global Access Pipeline (PGAP) drew strong demand from West Texas natural gas producers seeking delivery to the rapidly growing natural gas market in Southeast Louisiana.
UAE’s ADNOC Pipeline Investment Deal Reaches Nearly $5 Billion
Singapore’s sovereign wealth fund (GIC) is investing $600 million in Abu Dhabi National Oil Company’s (ADNOC) crude pipeline infrastructure, raising total outside investment in the newly formed ADNOC Oil Pipelines to $4.9 billion.
Transneft Sets Cap on Compensation for Pipeline Contamination
Russian oil pipeline monopoly Transneft said it has set a cap of $15 per barrel for compensation for damages stemming from contamination in its network.
Gazprom Signs 5-Year Natural Gas Deal with Turkmenistan
Gazprom has signed a five-year contract with Turkmengaz to purchase natural gas, the Russian gas producer sad.
NiSource Settles Mass. Gas Explosion Lawsuits for $143 Million
Utility operator NiSource agreed to pay $143 million to settle class action lawsuits related to a series of gas explosions in three suburban Boston communities last year.
Mountain Valley Developer EQT Cuts Jobs
EQT Corporation has announced that it is streamlining its business to improve operational effectiveness and create a more efficient and nimbler organization.
Court Bars PennEast from Seizing N.J. State Property for Pipeline
A U.S. appeals court on Tuesday barred PennEast Pipeline Co from using a federal law to seize properties controlled by the state of New Jersey in order to build a proposed $1 billion natural gas pipeline.
Trafigura's U.S. Crude Exports Account for Over a Quarter of U.S. Total
Commodity trader Trafigura's exports of U.S. crude now account for over a quarter of the country's total since the new Cactus II pipeline started last month, the company's co-head of oil said, making the firm the single biggest exporter.
Court Orders FERC to Explain Pipeline Decision
The nation's top appeals court has ordered a federal agency to explain why it approved the construction of a pipeline sending substantial quantities of natural gas to Canada.
Putin Pushes For Potential Gas Pipeline Through Mongolia
Russian President Vladimir Putin told the head of state-controlled Gazprom to consider making Russian gas exports to China via Mongolia, the Kremlin said on Monday.
Sources: Italy's Snam Seeks U.S. Footprint With Bid for Midwest Gas Pipeline
Italy’s Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group’s first foray outside Europe, four sources told Reuters.
New York Vows to Fight FERC Ruling on Consitution Pipeline
The New York regulatory agency that failed to act on a water quality certification for Williams' planned Constitution Pipeline said it will fight a federal ruling that it waived the decision through inaction. Some analysts, however, predicted the project may move ahead to completion by 2021.
Hong Kong Billionaire Offered $9.4 Billion for Canada's Inter Pipeline: Globe and Mail
Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies.
NuStar Completes Pipeline Projects, Begins Moving Volume
NuStar Energy has announced that it has completed and is moving volumes on three key pipeline projects that will significantly expand the partnership's capacity to move Permian crude oil to Corpus Christi for export, and to move refined products into Northern Mexico.
Suncor CEO Sees Increased Political Risk for Keystone XL
Canada's second-largest oil producer, Suncor Energy, believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp's proposed Keystone XL oil pipeline, its chief executive said on Wednesday.
Williams Completes Rivervale South to Market Project
Williams announced today that it has successfully placed into full service its Rivervale South to Market project – an expansion of the existing Transco natural gas pipeline system to meet growing heating and power generation demand for northeastern consumers.
Cheniere Completes Second Train at Corpus Christi LNG Project
Cheniere Energy, the largest U.S. exporter of LNG, on Tuesday announced that Train 2 of its Corpus Christi, Texas, liquefaction project has been declared substantially complete.
Papua New Guinea Sticks to $13B Gas Deal with Total
Papua New Guinea said on Tuesday it will honor a $13 billion gas deal that Total SA signed with a previous government to expand gas exports, after securing minor concessions from the French company.
Russian LPG Firm Battles Middle East for Chinese Market
An independent Russian producer has made a foray into China's market for LPG, jostling with Middle Eastern countries for what could be a lucrative foothold, market data showed and traders said.
Gazprom Braces for Decline in European Gas Exports, Prices
Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 following record-high volumes last year.
Tallgrass Midstream Weighing Offer to go Private
Tallgrass Energy said it is forming a committee of independent directors to consider Blackstone Infrastructure Partners' proposal to buy all of Kansas-based midstream's shares it does not already own.
Canada's Energy Regulator Responds to Concerns Over Enbridge Pipeline Plan
Canada's energy regulator on Tuesday responded to shipper complaints about Enbridge Inc's plan to switch to fixed contracts on its Mainline pipeline network by announcing a fast-track process to gather comment on the proposal that could lead to its being delayed.
BP to Quit Alaska After 60 Years With $5.6 Billion Sale of Assets
British oil major BP on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.
Canada's Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan
Canadian Natural Resources Ltd, the country's biggest oil producer, has joined a number of other firms asking Canada's energy regulator to intervene in Enbridge Inc's plan to overhaul shipping contracts on its Mainline pipeline network.
TechnipFMC to 'De-Merge' into Two Independent Companies
TechnipFMC said it will separate into two independent, publicly traded companies to focus on their respective strategies and provide improved flexibility and growth opportunities. The new companies will split along the lines of their 2017 merger, with an integrated technology and services provider and an engineering and construction company.
Plains All American to Remove Steel Tariff Surcharge on Cactus II
Plains All American Pipeline filed with U.S. regulators on Monday to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.
Wood Mackenzie Parent Verisk to Acquire Genscape
Verisk signed a definitive agreement to acquire Genscape, a global provider of real-time data and intelligence for commodity and energy markets, for $364 million in cash. Genscape will become part of Wood Mackenzie upon completion of the transaction.
Enterprise Begins Open Season for ATEX Ethane Pipeline
Enterprise Products Partners has announced the start of a binding open season to determine demand for expanded capacity on the partnership’s Appalachia-to-Texas (“ATEX”) ethane pipeline.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
