Company News
NextEra Takes $800 Million Charge for Mountain Valley Pipeline
A unit of NextEra Energy recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley Pipeline.
Decom Deploys 2 Pipeline Cutting Saws in Asia-Pacific
Decom Engineering Limited has consolidated a strong 2021 performance with a hat trick of international contract wins valued at more than $531,000 (£400,000).
SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen
Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.
Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction
Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.
TC Energy Beats Profit Expectations on Stronger Demand
Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.
Venture Global to Buy Natural Gas from Repsol for LNG Plant
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.
Mariner East Pipeline System Construction Complete, Commissioning in Progress
After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.
Enbridge Reports Higher Profit as Pipeline Volumes Rise
Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.
Eni Talking to Investors on Energy Transition SPAC
Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.
Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery
Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.
Williams Hires LNG Executives for New Marketing Arm
U.S. natural gas pipeline operator Williams Companies has hired two veteran executives to set up an LNG marketing operation, according to employee profiles and people familiar with the matter.
Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant
U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.
Blow to Gazprom Critics as EU Court Upholds Antitrust Settlement
Gazprom's critics suffered a blow on Wednesday when an EU court upheld a 2018 decision that let the Russian gas giant settle an antitrust investigation without paying a fine.
Norway Approves Development of Equinor's Kristin South Project
Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system
Exxon to Raise Permian Basin Output by 25% This Year
Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.
Carbon+Intel: Top US Oil States Vie for Carbon Capture Oversight to Speed Up Permits
Companies are proposing carbon capture and storage hubs to sequester greenhouse gas emissions from refineries, chemical and natural gas plants, a move that could help slow global warming.
TotalEnergies Withdraws Completely from Myanmar
Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.
Shell, UK Regulators Revive Talks on North Sea Gas Field Development
Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices.
Kinder Morgan Profit Tops Expectations on Higher Gasoline, Jet Fuel Volumes
Kinder Morgan beat Wall Street expectations for fourth-quarter profit, as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel with demand rising.
Companies in the News January 2022
San Diego-based engineering firm Kleinfelder has acquired Century Engineering of Hunt Valley, Maryland. Century provides a multitude of engineering services including transportation planning, design, and inspection; information and spatial solutions (GIS). ..
What's New January 2022
What's new in products and services from Saint-Gobain, NDT Global, Vermeer, Netzsch, Ralston, and Brooks.
Enbridge to Expand Natural Gas Pipeline for Transport to Texas LNG Brownsville
Texas LNG Brownsville and Enbridge have executed a pipeline transportation precedent agreement for the expansion of the Valley Crossing Pipeline.
Mega-Field of Zama Draws Big Investment in Mexico
Although Pemex has yet to present a development plan for the Zama oil field, exploration company Talos Energy recently said its value, regardless of operator and equity splits, will be in “multiples of invested capital to date.”
Clearfork Midstream Secures $400 Million Commitment, Plans to Acquire Azure Midstream
Clearfork Midstream announced it has secured a $400 million commitment from EnCap Flatrock Midstream and will acquire Azure Midstream Energy.
Kazakh Ex-Leader's In-Laws Leave Key Energy Sector Jobs
Two members of former Kazakh president Nursultan Nazarbayev's extended family have resigned from the leadership of state oil and gas shipping companies.
Aramco Oil Pipelines Investors Miss Funding Goal With $2.5 Billion Bond Sale
A group of institutional investors that took a stake in Saudi Aramco's oil pipelines network sold $2.5 billion in dual-tranche amortizing bonds, significantly below the amount sought.
Illinois Court Vacates Approval of Dakota Access Pipeline Capacity Expansion
An Illinois appellate court vacated approval from the Illinois Commerce Commission to allow expanding the Dakota Access pipeline capacity up to 1.1 million barrels per day.
Harvest Midstream Signs Agreement to Acquire Arrowhead ST Holdings
Harvest Midstream announced the signing of a purchase and sale agreement to acquire the remaining interest in Arrowhead ST Holdings, LLC from its joint venture partner.
UGI to Acquire Stonehenge Appalachia Midstream Natural Gas Gathering System
UGI Corporation announced that its subsidiary, UGI Energy Services, agreed to acquire Stonehenge Appalachia for approximately $190 million.
Mexico Attorney General Seeks Up to 39 Years Prison for Ex-Pemex Boss
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos for his role in a corruption scandal.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
