Distribution
Enbridge Acquires PSNC, Adding Over 13,000 Miles of Pipeline to Its U.S. Gas Utility Portfolio
Enbridge Inc. has completed its acquisition of Public Service Company of North Carolina (PSNC) from Dominion Energy. PSNC, now operating as Enbridge Gas North Carolina, serves over 600,000 customers and boasts an extensive network of over 13,000 miles of natural gas pipelines.
Ukraine Halts Lukoil's Russian Oil Transit, Slovakia and Hungary Affected
The move highlights the volatile nature of the remaining Russian oil supplies to Europe via the Soviet-built Druzhba pipeline, the last major functioning Russian oil supply route to the continent.
Chesapeake Utilities Expands Renewable Natural Gas Infrastructure in Florida
Chesapeake Utilities' subsidiary, Peninsula Pipeline Company (PPC), has received approval from the Florida Public Service Commission for three projects expanding natural gas infrastructure.
Diversified Acquires East Texas Gas Assets, Including 500 Miles of Pipelines, for $106 Million
Diversified Energy Company has agreed to buy natural gas assets, including over 500 miles of pipelines and compression facilities, in eastern Texas from Crescent Pass Energy for $106 million.
Wesfarmers to Sell LPG and LNG Distribution Businesses in Australia
Wesfarmers will sell its liquefied petroleum gas and liquefied natural gas distribution businesses to Supagas and Clean Energy Fuels Australia respectively for an undisclosed sum, the conglomerate said on Thursday.
Vinland Energy Sells Appalachia Assets to Dara Energy in Production Expansion Deal
Dara Energy, a production focused company, announced it has closed an agreement to acquire oil and gas assets in Kentucky, Tennessee, and Texas from Vinland Energy.
Iran, Pakistan Seek Ways to Complete Long-Delayed 1,180-Mile Gas Pipeline Project
Iran and Pakistan are looking at ways to complete the long-delayed gas pipeline project between the two countries, Iran's Consul General to Pakistan, Hassan Nourian, said on Monday.
Tallgrass Initiates Open Season for 400-Mile Trailblazer CO2 Pipeline
Trailblazer CO2 Pipeline LLC, a subsidiary of Tallgrass Energy, has initiated a binding open season to solicit commitments for the transportation of carbon dioxide gas from origins in Nebraska through its 400-mile Trailblazer CO2 pipeline.
Antero Midstream Acquires Summit Midstream's Marcellus Assets for $70 Million
Antero Midstream Corp. has made a strategic move with the acquisition of gathering and compression assets in the Marcellus Shale region for $70 million from Summit Midstream Partners.
Kinder Morgan-Backed Gas Pipeline Expansion Prevails in U.S. Appeals Court Decision
The Kinder Morgan-backed Evangeline Pass Expansion project would expand existing pipelines to feed more fuel to Venture Global's Plaquemines liquefied natural gas export terminal in the Gulf of Mexico.
Shell Nigeria Inks $100 Million Gas Pipeline Deal with Oyo State
Shell's Nigerian unit has signed an agreement with Oyo state in the south of the country to construct a pipeline delivery system to serve industries in the state at a cost of $100 million, the Oyo government said on Friday.
Energy Transfer Subsidiary Sunoco and NuStar Energy Merger Receives Green Light from Unitholders
The acquisition grants Sunoco access to NuStar's extensive transportation and storage infrastructure, encompassing approximately 9,500 miles of pipeline and 63 terminals.
Plains All American Raises Stake Saddlehorn Pipeline JV, Surpasses Q1 Profit Estimates
Pipeline and storage operator Plains All American raised its stake in the Saddlehorn Pipeline Company joint venture and a mid-Continent basin terminal asset by 10% for about $110 million in cash.
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Driven by Strong LNG Performance
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
ONEOK's Q1 Profit Dips Due to Higher Costs, Despite Uptick in Pipeline and Gathering Segments
Pipeline operator ONEOK reported a decline in first-quarter profit on Tuesday due to increased operating costs and capital expenditures. However, the company noted an increase in capacity utilization in its natural gas gathering and pipeline segments, rising from 96% to 97%.
Enterprise Products Targets Year-End Approval for Deepwater Oil Port
Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.
Enterprise Products Partners Plans 10-Day Downtime for Wink-to-Webster Pipeline in June
Energy pipeline operator Enterprise Products Partners on Tuesday said it notified shippers of downtime for about 10 days in June on the Wink-to-Webster shale oil pipeline.
Equitrans Raises Cost Estimate for Mountain Valley Gas Pipeline
Equitrans Midstream Corp. said on Tuesday it expects to complete the construction and final commissioning activities on its Mountain Valley natural gas pipeline by the end of May at an estimated cost of $7.85 billion.
Texas Oil Operators Increase Flaring Amid Weak Gas Prices
Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests.
Louisiana Secures $52.7 Million for Pipeline Construction and Natural Gas Infrastructure
The funds, part of the Infrastructure Investment and Jobs Act, will support pipeline construction projects across various districts, replacing aging infrastructure and acquiring methane leak detection equipment.
Tivoli Midstream Acquires Strategic Texas Gulf Coast Terminal Assets
Tivoli Midstream LLC has announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the Chocolate Bayou Assets) from affiliates of Ascend Performance Materials LLC.
A Northern Light: Bullish Talk as Major Projects Now in Home Stretch
(P&GJ) – Kevin Neveu, a seasoned Canadian oil and natural gas senior executive, remains optimistic about the energy markets in the north despite global uncertainties in 2024. His positivity stems from the imminent completion of two major transmission pipeline projects in western Canada – Coastal GasLink gas pipeline and Trans Mountain oil pipeline – expected before year-end.
AI Boom to Fuel Natural Gas Demand in Coming Years, Report Says
A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co. said in a report on Tuesday.
Japan Looks at Developing Domestic Pipelines Sector
(P&GJ) – The government of Japan will create conditions for the development of a domestic pipelines sector in years to come. It will take place through the stimulation of building new gas and other pipelines throughout the country.
South Africa’s Transnet Pipelines Lays Out Investment Plan
(P&GJ) – Southern Africa’s largest multi-product pipeline operator, Transnet Pipelines, plans to spend R891 million in 2024 in building its fuel handling capacity, including construction of a delayed import fuel terminal at the port of Durban and new line to supply the country’s biggest airport, OR Tambo.
Croatia Secures $566 Million to Construct Four New Gas Pipelines
(P&GJ) — Croatia's energy infrastructure is set for a significant upgrade with the signing of a contract worth $566.4 million to construct four gas pipelines by mid-2026. The pipelines will facilitate gas transportation from the Krk LNG terminal to Slovenia, Hungary, and other Southeast European countries.
Japanese Consortium Invests $370 Million in I Squared Capital's India Gas Platform
A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday.
EQT to Curtail Natural Gas Production Through March Amid Low Prices
EQT will curtail nearly 1 billion cubic feet per day of natural gas production through March, the top U.S. natural gas producer said on Monday, as companies respond to persistently low prices of the commodity.
Trans Mountain Pipeline Warns of 2-Year Delay Over Regulatory Setback
Canadian government-owned Trans Mountain Corp. asked the country's energy regulator on Thursday to reverse a decision rejecting proposed construction changes on its oil pipeline expansion, warning of a possibly "catastrophic" two-year delay and billions of dollars in losses.
Germany's SEFE Urgently Seeks U.S. Approval for Venture Global's CP2 LNG Project Amidst Russia Gas Pipeline Crisis
The German state-owned Securing Energy for Europe GmbH (SEFE) has become the third company to seek approval from the U.S. energy regulator for liquefied natural gas (LNG) developer Venture Global to begin construction on its CP2 LNG project in Louisiana.
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
