Company News
Michels Completes 15,000+ Foot HDD Crossing
Michels completed a 15,426-foot horizontal directional drill (HDD) of a 24-inch pipe crossing of Lake Sakakawea on the Missouri River in North Dakota, extending the limits of trenchless construction.
Carbon+Intel: Pembina Pipeline Looks to Work with Rival Canada Carbon Capture Plans
Canada's Pembina Pipeline Corp. is asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan.
Enterprise Products Oil Pipeline Volume Up 18% as Demand Recovers
Volumes on its natural gas liquids, crude oil, refined products and petrochemical pipelines have substantially recovered to near pre-pandemic levels despite temporary shut-ins from Hurricane Ida, the company said.
Australia's Macquarie Buys German Gas Pipeline Firm Thyssengas
Australian investment bank Macquarie Asset Management has agreed to buy Germany's second-largest gas pipeline operator, Thyssengas, to use the company's grid network to transport climate-friendly gases.
TWI Working With Joint Industry Project to Evaluate Gas Pipelines for Hydrogen Transport
TWI has joined forces with C-FER Technologies and the Sumitomo Corporation to launch a new Joint Industry Project with pipeline operators and manufacturers to evaluate the suitability of natural gas pipeline networks for transporting hydrogen.
EIG Shortlisted as Possible Buyer for Aramco Gas Pipelines
United States-based energy investor EIG has been shortlisted as a potential buyer of Saudi Aramco's gas pipelines, part of a sale that could exceed $17 billion and is likely to be completed later this year.
Equinor Q3 Surges on Gas and Derivatives, Boosts Share Buybacks
Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.
Phillips 66 to Acquire Remaining Stake in Partnership for $3.4 Billion
Phillips 66 Partners was formed by the refiner to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets.
Panel Favors Equitrans in EQT PA-WV Hammerhead NatGas Pipe Dispute
U.S. pipeline company Equitrans Midstream Corp said an arbitration panel ruled in its favor in a dispute with EQT Corp over the delayed startup of the Hammerhead natural gas pipe in Pennsylvania and West Virginia.
Wood Awarded Contracts for UK’s First Hydrogen Distribution Pipeline Infrastructure
Wood has been awarded the consenting and environmental assessment and engineering design contracts for Cadent’s HyNet North West, an innovative project that aims to unlock a lower carbon economy for northwest England and North Wales.
Kellas Midstream Developing Low-Carbon Blue Hydrogen Hub in Teesside, UK
The project, called H2NorthEast, would require construction of a 1GW facility producing blue hydrogen utilizing UK North Sea natural gas which is transported to the CATS terminal by a 400 km (249 mi) pipeline.
TC Energy Targets Net-Zero Emissions From its Operations by 2050
TC Energy Corp. said it would target net-zero emissions from its operations by 2050 after mounting pressure from investors and governments for energy companies to join the fight against climate change.
Citgo Boards in Last-Ditch Talks with Washington to Keep Creditors at Bay
The supervisory boards of Venezuela-owned Citgo Petroleum have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington's protection while Citgo pursues negotiations with creditors.
Shell Expects Ida-Hit Offshore Facility to Restart in November
Shell expects an offshore transfer facility, which was shut due to damage from Hurricane Ida, to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected.
Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor
Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.
Sources: US Slowing Down Oil and Gas Mergers
Regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden's administration scrutinizes deals in a bid to tackle soaring energy prices.
Exxon Board Debates Dropping Several Major Oil and Gas Projects
The board members expressed concerns about some projects, including a $30 billion LNG development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said.
Icahn Launches Offer for Southwest Gas Shares, Seeks to Replace Board
Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.
Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Brazil's Petrobras Agrees to Pay 1.4 Billion Reais for 2000 Oil Leak
Brazil's state-run oil company Petrobras said it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Cost-Effective Energy Recovery for Gas Pipeline Pressure Letdown Stations
Sapphire Technologies, a subsidiary of Calnetix Technologies, is harnessing high-speed magnetic technologies with a turboexpander generator that converts the kinetic energy produced by the PLD process into usable electrical energy.
Companies in the News October 2021
Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..
What's New October 2021
Vermeer Vermeer upgraded its truck-mounted vacuum excavator line with the new VXT300 truck vac, which is outfitted with an 8-cubic-yard (6.1-cubic-meter) spoil tank, 6-inch (15.2-cm) dig tube and the ability to carry up to 800 gallons (3,028 L) of water s..
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
Isolation Enables Operator to Replace, Pressure Test Pipeline
T.D. Williamson completed its first SmartPlug isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Dominion to Sell Questar Pipeline to Southwest Gas in Near $2 Billion Deal
Dominion Energy said on Tuesday it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion.
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal to Tap Surging Gas Demand
Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct. 1. Excluding Teekay's debt, the deal is for $1.5 billion, and the companies expect to close the deal by the end of 2021.
Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market
Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.
- 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
