Permian
Venture Global Raises Plaquemines LNG Cost Estimate by $2 Billion
Venture Global has raised its cost estimate for the Plaquemines LNG project in Louisiana by $2 billion, citing inflation and other factors. The project is now expected to cost up to $23.8 billion.
Reset Energy to Build a Nitrogen Rejection Unit for Permian Residue Gas
Reset Energy has secured a contract to design and fabricate a 250 million standard cubic feet per day Nitrogen Rejection Unit for a midstream operator in the Permian Basin.
NextDecade Weighs Additional Liquefaction Trains for Rio Grande LNG
NextDecade is considering adding more liquefaction trains to its Rio Grande LNG terminal, signaling potential expansion at the U.S. export facility.
TC Energy Nears May In-Service Date for Southeast Gateway Pipeline
TC Energy Corp. has reached mechanical completion on its Southeast Gateway pipeline project, keeping the company on track for an anticipated May 1, 2025, in-service date.
MPLX to Acquire Full Ownership of 425-Mile BANGL Pipeline in $715 Million Deal
MPLX is acquiring the remaining 55% stake in the 425-mile BANGL pipeline for $715 million, expanding its Permian footprint and securing full ownership of a key natural gas liquids transport system. The pipeline’s capacity is set to increase to 300,000 bpd next year, supporting MPLX’s upcoming Gulf Coast fractionation complex.
Diamondback Energy Expands in Permian with $4.08 Billion Double Eagle Deal
Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U.S. Permian Basin.
U.S. Natural Gas Prices Jump 6% to Two-Week High on Rising LNG Flows, Big Storage Draw
U.S. natural gas futures rose 6% to reach a two-week high, driven by a larger-than-expected storage draw and increased LNG export flows. With cold weather forecasts and higher demand, natural gas prices have surged, reflecting tighter supply conditions and robust export activity.
Venture Global’s CP2 LNG Project Advances with Environmental Report
Venture Global's CP2 LNG export project in Louisiana moves forward as FERC staff releases a draft environmental report, concluding emissions impacts are "not significant."
MPLX Expands Permian NGL, Natural Gas Takeaway with Gulf Coast Projects
MPLX is ramping up Permian NGL and natural gas takeaway with new pipelines, fractionation facilities, and an LPG export terminal, boosting Gulf Coast capacity.
ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
ONEOK and MPLX are partnering to build a $1.4 billion, 400,000-barrel-per-day liquefied petroleum gas (LPG) export terminal in Texas City, Texas, along with a $350 million pipeline connecting the terminal to ONEOK's Mont Belvieu storage facility.
ArcLight Acquires Stake in 500-Mile Gulf Coast Express Pipeline from Phillips 66 for $865 Million
Following the deal, Gulf Coast Express Pipeline will be jointly owned by subsidiaries of Kinder Morgan and ArcLight, with Kinder Morgan remaining the operator. The pipeline is a key outlet for Permian Basin gas, supplying the U.S. Gulf Coast and South Texas’ growing LNG market.
Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion
While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.
Diversified Energy Strikes $1.3 Billion Deal for Maverick in Permian Basin Expansion
U.S.-based Diversified Energy said on Monday it will buy private equity-owned Maverick Natural Resources for $1.28 billion, including debt, to expand into the oil and gas-rich Permian Basin, sending its shares up 4.3%.
Revisiting the Biggest Midstream Stories of 2024
(P&GJ) – In this final issue of P&GJ for 2024, the staff – with more than a little help from our readers – takes a look back at the sometimes-frenzied year for pipeline construction that was 2024.
LNG Developers in Texas and Louisiana Praise Export Freeze Lift
Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.
Vecino, DRW to Develop South Texas Gas Storage, 40-Mile Pipeline to Agua Dulce
Vecino Energy Partners and DRW Energy Trading have partnered to develop the Piedras Pintas Salt Dome in Duval County, Texas, aiming to bolster natural gas storage capacity and connectivity in South Texas.
Velocity Management Invests in Oklahoma-Based Pipeline Builder M Wright Services
M Wright Services, a pipeline construction company based in Weatherford, Oklahoma, has received a minority investment from Velocity Management Advisors, a partnership of seasoned midstream professionals.
East Texas Gas Storage Facility Begins Operations, Strengthening Texas Energy Grid
Trinity Gas Storage has started operations at its 24 Bcf gas storage facility in Anderson County, East Texas. This marks the first new greenfield gas storage facility in Texas in over a decade and aims to address supply and reliability issues exposed during Winter Storm Uri.
Trump Energy Pick Prioritizes LNG Expansion in U.S. Energy Strategy
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, told U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including LNG.
FERC Approves Kinder Morgan’s $72 Million Texas-Louisiana Expansion
Known as the Texas-Louisiana Expansion Project, the initiative aims to bolster firm transportation service capacity by 467,000 dekatherms per day to meet surging demand in the Gulf Coast region.
Freeport LNG Gas Flows Decline to One-Month Low in Texas
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Freeport LNG's export plant in Texas was on track to fall to a one-month low on Monday, according to data from financial firm LSEG.
Howard Energy Acquires 120-Mile Bidirectional Ethylene Pipeline from EPIC Midstream
Howard Energy Partners (HEP) has acquired EPIC Midstream Holdings’ 120-mile ethylene pipeline, strengthening its presence in the Gulf Coast region.
EnCap Flatrock Midstream Nets $800 Million in Plains All American Transactions
EnCap Flatrock Midstream (EFM) has finalized agreements to sell Ironwood Midstream Energy Partners II and its Plains Series A Preferred Units to Plains All American for over $800 million in cash.
Phillips 66 Acquires EPIC NGL for $2.2 Billion, Bolstering Permian-to-Gulf Infrastructure
The EPIC NGL business includes two fractionators near Corpus Christi with a capacity of 170,000 barrels per day (bpd), 350 miles of purity distribution pipelines, and an 885-mile NGL pipeline connecting the Delaware, Midland, and Eagle Ford basins to Gulf Coast facilities.
Delek Logistics Closes $285 Million Gravity Water Acquisition
Delek Logistics Partners LP has completed its $285 million acquisition of Gravity Water Intermediate Holdings LLC, expanding its midstream capabilities in the Permian Basin.
FERC Rejects Effort to Regulate Williams’ Gathering Line
(P&GJ) — The Federal Energy Regulatory Commission (FERC) just gave a big boost to interstate pipelines that are considering new connections between shale fields and customers.
Cheniere Produces First LNG at Corpus Christi Stage 3 Project
Cheniere Energy on Monday said that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of its Corpus Christi Stage 3 Liquefaction Project.
Permian CO2 Storage Could Prove Problematic Due to Well Blowouts, Earthquakes
(Reuters) – Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change.
Delek Logistics Acquires Gravity Water for $285 Million
This acquisition complements Delek's recent purchase of H2O Midstream and strengthens the company’s crude and produced water gathering and disposal services in the Midland Basin.
Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
Boardwalk Pipelines has approved the 1.16 Bcf/d Kosci Junction Pipeline project, a major investment by its subsidiary Gulf South Pipeline Company LLC. The 110-mile pipeline will expand natural gas capacity to support growing energy needs in Mississippi and the southeastern United States.
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- New Alternatives for Noise Reduction in Gas Pipelines
- Colonial Pipeline's Main Gasoline Artery Shut for Leak Investigation Through Friday
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
