Company News

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.

Enterprise Products to Buy Navitas for $3.3 Billion to Boost Natural Gas Pipeline Network

Pipeline operator Enterprise Products Partners said on Monday it would buy Warburg Pincus-owned Navitas Midstream for $3.25 billion in cash.

Williams Delivers Record Volumes Through Expanded Transco Gas Pipeline System

Williams announced that it recently delivered a record amount of natural gas on its Transco interstate pipeline, due to continued expansions on the pipeline.

Up to $3 Billion Worth of Shell's Nigerian Oil Assets Attract Interest from Local Firms

At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's onshore oilfields in a sale that could fetch up to $3 billion.

TC Energy's 590,000-bpd Keystone Pipeline Resumes Operations

TC Energy's 590,000-barrels-per-day Keystone oil pipeline resumed operations after it was shut the previous evening for unplanned maintenance.

Uniper Secures $11 Billion of Credit to Cope with Gas Volatility

German utility Uniper has secured credit facilities worth 10 billion euros from parent Fortum and bank KfW in a move to cope with unprecedented volatility in energy markets.

Nord Stream 2 Go-Ahead Could Come in Mid-2022 - Uniper CEO

The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year.

Venture Global to Sell LNG to China National Offshore Oil Corp

Venture Global LNG said it has signed a 20-year deal to sell liquid natural gas to a unit of China National Offshore Oil Corp.

Norway's Aker BP in $14 Billion Deal to Buy Lundin Energy's Oil and Gas

Norway's Aker BP will buy the oil and gas business of Sweden's Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental shelf.