Company News
Chesapeake Focusing on U.S. Shale Gas with $615 million Vine Energy Buy
Chesapeake Energy Corp agreed to buy Louisiana natural gas rival Vine Energy Inc. for $615 million, betting on the Haynesville shale field's proximity to the U.S. Gulf Coast export hub.
Gazprom Cancels Aug Condensate Exports After Urengoy Fire, Sources Say
Russia's Gazprom has cancelled gas condensate exports this month less than a week after a fire at its processing plant in Urengoy curbed gas exports via the Yamal-Europe pipeline.
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
Customers Signing Long-Term LNG Deals Again – Cheniere
LNG company Cheniere Energy said customers are starting to sign long-term contracts to buy LNG again, noting that market dynamics continue to support its long-term growth expectations for natural gas worldwide
Cheniere Expects Louisiana Sabine 6 LNG Unit in 2022
U.S. LNG company Cheniere Energy said the sixth train at its Sabine Pass export plant in Louisiana was about 89.6% complete and was still expected to enter commercial service in the first half of 2022.
Canadian Natural Sets New Emission Goals After Profit Beat
Canadian Natural said it is now targeting 50% reduction in methane emissions from its North America exploration and production business by 2030, from baseline of 2016.
BP Pipelines Offers to Acquire BP Midstream Partners
The board of directors of the general partner of BPMP received a non-binding offer from BP Pipelines to acquire all of the outstanding common units of BPMP held by the public in exchange.
Inter Pipeline’s Heartland Petrochemical Complex Nearing Completion
The Heartland Petrochemical Complex is in its final stages of completion in Strathcona County, Alberta, Inter Pipeline announced.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer Natural Resources Co.'s top executive said that U.S. shale growth was "not going to grow that much" in the coming years, as oil and gas companies continue to focus on capital discipline and shareholder returns.
Plains All American Boosts Earnings Outlook as Fuel Demand Recovers
Plains All American Pipeline LP raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.
Pipeline Operator Enbridge Posts Drop in Quarterly Profit
Enbridge Inc. said its quarterly profit fell sequentially, as the Canadian pipeline operator transported lower volumes of fuel on its Mainline system.
Riding the Oil Price Rebound: Gulf States to Accelerate Asset Sales
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
Neptune Energy Installs World’s Longest ETH Production Pipeline
Neptune Energy announced the installation and testing of the world’s longest trace-heated subsea production pipeline at its operated Fenja field in the Norwegian sea. The 37-kilometre (23-mile) electrically trace-heated pipe-in-pipe solution will transport oil from the field to the Njord A platform, operated by Equinor.
HollyFrontier, Pipeline Unit to Buy Sinclair Oil in $2.6 Billion Deal
HollyFrontier Corp and its pipeline partner will buy almost all of Sinclair Oil's assets in two deals totaling around $2.6 billion, the companies said, adding new refining, pipeline and storage assets to their portfolio.
Mexico Strikes Pact with Canada's TC Energy for Natural Gas Pipeline
Mexico's state power utility has struck a deal with Canada's TC Energy Corp to develop a natural gas pipeline in the country's south and consolidate the firm's contracts in the central region, the utility said.
U.S. Oil & Gas Rig Count Falls for First Week in Eight -Baker Hughes
U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks amid an industry stampede to reward investors with share buybacks instead of boosting production.
Pipeline Operator Enbridge Beats Profit Estimates as Oil Volumes Rebound
Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand.
Enbridge Gets OK to Return TETCO NatGas Pipe to Full Service
Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.
TC Energy Warns Coastal GasLink Pipeline Dispute Could Impact Construction
Canadian pipeline operator TC Energy warned on Thursday that an ongoing dispute with LNG Canada over the cost of the Coastal GasLink pipeline in northern British Columbia will impact construction if it is not resolved soon.
TC Energy to Switch to Green Power to Run N. American Energy Pipelines
Canadian pipeline operator TC Energy Corp could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines.
Enterprise Products Oil Pipeline Volume Rises on Demand Recovery
Enterprise Products Partners said on Wednesday volume across its crude oil pipelines rose 5% in the second quarter on the back of a recovery in demand as the global economy continues to reopen following COVID-19 lockdowns.
Enagas First-Half Net Profit Falls on Lower Fees in Spain
Spanish gas grid operator Enagas said its first-half net profit fell 9.8% to 213 million euros ($251.28 million) after a change of regulations in 2020 forced it to charge lower fees in Spain.
Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid
Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.
Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes
Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.
INNIO Jenbacher Launches Hydrogen-Ready Gas Engines
Most of the currently installed INNIO Jenbacher natural gas fueled fleet can be upgraded to operate with up to 25% volume of hydrogen in pipeline gas or converted from natural gas to 100% hydrogen operation.
Companies in the News July 2021
McElroy announced the addition of F.W. Webb Company as its newest distributor to serve pipe fusion machine customers along the East Coast. The company has several locations. and its Springfield, Mass., location will serve as the main hub for McElroy machine sales. “This is a very exciting time f..
DEKOTEC Celebrates Half-Century Presence in Spain
The Spanish sister company of DEKOTEC this year celebrated its 50th anniversary of operations in Spain.
What's New July 2021
Vermeer Vermeer expanded its horizontal directional drilling (HDD) fluid management equipment line with the new R600T reclaimer. The new 600-gallons/minute (2,271-liters/minute) mud recycling system can pair with maxi rigs pumping between 300 and 600 gal..
WBI Energy Begins Construction on ND Natural Gas Pipeline Project
WBI Energy, a subsidiary of MDU Resources Group, began construction this week on the North Bakken Expansion project in North Dakota. This natural gas pipeline expansion will have capacity to transport 250 million cubic feet of natural gas per day from the Bakken Formation.
Companies Merge Technologies to Enhance Pipeline Integrity
Pipetel Technologies and Intero Integrity Services merged in January, combining the two inline inspection companies, each with a track record of innovation in the space of unpiggable pipeline inspection.
- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Magellan Midstream Approves $18.8 Billion Sale to ONEOK, Creating Major U.S. Pipeline Player
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- South Dakota Denies Permit for Summit Carbon Solutions' 495-Mile CO2 Pipeline Segment
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
