Storage

Qingdao Port International to Acquire Oil Terminal Assets for $1.3 Billion

Qingdao Port International said on Friday it agreed to purchase assets from Rizhao Port and Yantai Port for $1.30 billion as part of its restructuring efforts.

Largest Texas Ports Close; Enbridge Activates Emergency Plans, Kinder Morgan Shuts Facilities as Hurricane Beryl Nears

Largest Texas ports close as Hurricane Beryl nears, affecting Enbridge and Kinder Morgan operations. The companies implemented emergency plans and facility shutdowns ahead of the storm's landfall on the Texas coast.

New Fortress Energy to Sell Miami LNG Facility

(P&GJ) — New Fortress Energy Inc. has agreed to sell its liquefaction and storage facility in Miami, Florida to a U.S. middle-market infrastructure fund.

Piñon Midstream Secures EPA Approval for Carbon Capture at Dark Horse Facility

Piñon Midstream has received approval from the EPA for its monitoring, reporting, and verification plan for the permanent sequestration of carbon dioxide at its Dark Horse Treating Facility in Lea County, New Mexico.

Cormetech and Ozona Partner on Full-Scale Carbon Capture Project

Cormetech Inc. and Ozona CCS LLC have signed an agreement to develop and operate a full-scale carbon capture and sequestration (CCUS) system with integrated NOx reduction.

Equinor, GRTgaz Partner for CO2 Transport via Norway-Bound Pipeline

Equinor and French gas grid operator GRTgaz have signed a deal for a carbon dioxide (CO2) transport system for captured CO2 from industrial emitters in France to storage offshore Norway, the Norwegian company said on Monday.

Glencore Wins Tender to Supply Crude to UK's Lindsey Oil Refinery

Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-barrel per day Lindsey oil refinery in Britain, replacing rival trader Trafigura, sources told Reuters.

Enbridge Adds 21,000 Miles of Gas Pipelines to Network with Questar Gas Company Acquisition

Questar Gas's asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.

Leeward Renewable Energy Inks 15-Year Deal with PG&E for Sierra Pinta Energy Storage Project

Leeward Renewable Energy has finalized a 15-year agreement with Pacific Gas & Electric Company (PG&E) for LRE’s Sierra Pinta Energy storage project in Yuma County, Arizona.

Conduit Power and Riley Permian Expand Partnership for ERCOT Power Sales

Plans include the construction of 100MW natural gas-fueled generation and battery energy storage systems across multiple West Texas facilities, slated for commercial operations by 2025.

Exxon, Pertamina to Advance Carbon Capture Efforts with Appraisal Drilling in Indonesia

Pertamina and Exxon plan to conduct appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia, with the companies signing an initial storage deal with South Korea's KNOC on Wednesday.

CGG, Baker Hughes Join Forces for Carbon Capture and Storage Solutions

CGG has signed a memorandum of understanding with Baker Hughes at the 2024 Offshore Technology Conference in Houston to facilitate the parties exploring jointly offered carbon capture and storage solutions.

Enbridge Gas Invites Bids for Peak Storage at Dawn Hub

Enbridge Gas has announced a binding open season for peak storage services at the Dawn Hub storage facility, with service starting as early as April 1, 2025.

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.

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.

U.S. Natural Gas Prices Retreat Amid High Storage Levels Despite Increased LNG Demand

U.S. natural gas futures eased on Tuesday, pressured by large storage levels, after marking its best day in over two years in the previous session, helped by forecasts for more demand than previously expected with an increase in feedgas to Freeport LNG's export plant in Texas.

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.

Kistos Completes Acquisition of UK Onshore Gas Storage Assets

The acquisition includes two onshore gas storage facilities in the UK, Hill Top Farm and Hole House Farm, at a total cost of $31 million funded from existing cash resources.

Deepwater Port Struggles for Customers as Shale Oil Gains Slow

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.

Angel CCS JV and Yara Partner for Carbon Capture and Storage Study

The Woodside Energy-operated Angel CCS Joint Venture is proposing to develop a large-scale, multi-user CCS hub with the potential to help Australian and international industry decarbonize.

CNOOC Stockpiles Russian Oil at New Reserve Base in China

State-run China National Offshore Oil Co., one of the country's top importers of Russian oil, has in recent months been pumping shipments of ESPO blend from Russia's Far East into a newly launched reserve base, according to traders and tanker trackers.

Global Partners Acquires Four Liquid Energy Terminals from Gulf Oil for $212 Million

Global Partners LP has announced the successful closing of its acquisition of four liquid energy terminals from Gulf Oil Limited Partnership for $212.3 million.

Mitsui OSK Starts FSRU Operations for Indonesia Gas-Fired Power Plant

Japan's Mitsui O.S.K. Lines Ltd. (MOL) has started commercial operations of its floating storage and regasification unit (FSRU) to supply LNG to a power plant in West Java, Indonesia, the company said on Friday.

Petronas Partners with JERA to Explore Carbon Capture and Storage Solutions

Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.

SLB to Acquire Majority Stake in Aker Carbon Capture for $380 Million

SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically.

Eni Receives UK Government Approval for CO2 Pipeline Crossing England-Wales Border

The pipeline will facilitate the transportation of carbon dioxide from capture plants across the North West of England and North Wales to Eni's depleted natural gas reservoirs beneath the seabed in Liverpool Bay.

Addressing Challenges in Carbon Capture, Storage Deployment

While the use of renewables, improved energy efficiency and electric vehicles are areas of focus, oil and natural gas will continue to be in demand for petrochemicals and fueling transportation by land, sea and air.

Enstor Seeks FERC Approval to Double Capacity of Mississippi Hub Natural Gas Storage Facility

Enstor Gas LLC has submitted an application to FERC through its affiliate, Mississippi Hub LLC, for an expansion of its natural gas storage facility located in Simpson County, Mississippi.

Williams Secures Nearly $1 Million for Carbon Storage Research in Wyoming

Oklahoma-based pipeline operator Williams Cos. has been awarded $975,000 in funding to study carbon capture and storage initiatives in Wyoming.

U.S. Natural Gas Prices Steady Ahead of Federal Storage Report

U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.