North America
Sempra Signs MOU to Develop Pemex Gas Liquefaction Project
Sempra Energy announced that its IEnova and Sempra LNG units have signed a Memorandum of Understanding (MOU) with a subsidiary of Pemex, Mexico's state-owned petroleum company, for development of a natural gas liquefaction project at the Energía Costa Azul receipt terminal in Ensenada, Mexico. Pemex would have the opportunity to become a customer, natural gas supplier and investor. "This is an important first step in working with Pemex on the development of liquefaction facilities at Energía Costa Azul," said Mark A. Snell, president of Sempra Energy.
Forget About Keystone XL Canadian Crude Is Coming
While Congress and the White House continue to wrangle over the Keystone XL pipeline extension, the oil industry is taking matters into its own hands. Markets are primed for an influx of Canadian crude oil, but with pipeline transport off the table for the foreseeable future, producers have built alternative modes to meet the demand. The problem is, recent disasters have soured legislators and environmentalists on road and rail for moving oil.
Pipeline Moving Canadian Crude to Gulf Coast Refineries Starts
Crude from the Canadian oil sands deposits gained an additional major outlet in the U.S. when the joint venture of Enbridge, Inc. and Enterprise Products Partners L.P. completed construction of its Cushing-to-Texas pipeline and started deliveries in December to Gulf Coast refineries. The new pipeline’s operations and routes are very similar to TransCanada’s Keystone Pipeline project for bringing oil sands crude to the Gulf Coast.
XTO Proves Unconventional Growth Machine for ExxonMobil
In summer 2011, executives at super-major ExxonMobil were telling financial analysts during a quarterly earnings conference call about an amazing 70% boost in a year’s time of the energy giant’s unconventional natural gas-weighted portfolio to 76 Tcfe. The reason was simple, according to David Rosenthal, the current controller at ExxonMobil and at the time its investor relations chief. He summed it up in three letters, X-T-O.
Latest Price Shock Offers Some Midstream Bright Spots
The price of oil may have fallen to its lowest level in six years, but this “price shock” is different than the 2008-’09 variety, according to analysts at Pace Global. “The current low-price situation is likely to persist for several years unless geopolitical events shift the market psychology from one of surplus to one of shortage,” Jim Diemer, vice president and head Pace Global-Siemens’ Energy Consulting Company, told PG&J.
SENER Consortium Delivers Compressor Stations For Mexico Transport System
SENER, in consortium with the company Bonatti, has delivered two compression stations that comprise the Los Ramones 1 Transport System in Mexico to Gasoductos del Noreste.
Enbridge plans Gulf Of Mexico pipeline
Enbridge and upstream partners at Hess Corp. are working to develop a pipeline from a Gulf of Mexico oil field. Enbridge said it will build, own and operate the $130 million system that will start in the deepwater Stampede project and end 16 miles away with a connection to a third-party pipeline system.
Ohio River Valley Plans Condensate Pipeline In Ohio
Ohio River Valley Pipeline, LLC, an affiliate of the EnLink Midstream companies, EnLink Midstream Partners, LP and EnLink Midstream, LLC (the general partner), held a binding open season for volume commitments for interstate common carrier transportation service on the ORV Condensate Pipeline.
Union Gas Holds Binding Open Season
Canada’s Union Gas is holding a binding open season for incremental firm capacity of up to 650,000 GJ/d beginning in 2017 and an additional 550,000 GJ/d in 2018 along the following transportation paths: (a) Dawn to Parkway; (b) Dawn to Kirkwall; and (c) Kirkwall to Parkway.
Pipeline & Gas Journals 2015 Worldwide Construction Report
<em>P&GJ</em>’s 2015 survey figures indicate 100,114 miles of pipelines are planned and under construction worldwide. Of these, 57,201 represent projects in the planning design phase while 42,913 reflect pipelines in various stages of construction.
British Columbia Prohibits Oil Or Bitumen Transport Through LNG Pipelines
British Columbia has adopted a regulation to ensure pipelines built to support LNG facilities will not be permitted to transport oil or diluted bitumen. This follows concerns expressed in environmental assessments and by First Nations about the long-term pipeline use.
Energy Forecast Predicts Rising Gas, Oil Demand As Global Middle Class Grows
ExxonMobil’s 2015 energy forecast posits natural gas as the fuel with the most demand growth between now and 2040, overtaking coal as the second most popular energy source with a 65% gain vs. its 2010 levels. By the end of the period, the report predicted more than 125 Bcf/d will be shipped by LNG or inter-regional pipeline.
Take-Off For Gas Pipelines In Mexico, Brazil
Latin America is home to vast quantities of natural gas and oil. Pipeline construction in this region is driven by the need to transport, process and distribute newly discovered oil and gas to market, or to build dedicated pipelines in anticipation of a large increase in gas-fired power generation.
Mexico Meets The New Reality With Energy Reform
The decision of the Mexican government to reform its vaunted energy industry is one of the most important development in the energy sector since the shale revolution, at least for companies in North America. The focal point of Mexico’s energy industry has been Petroleos Mexicanos (Pemex), the state-owned oil company that until just a few years ago ranked as one of the world’s top crude oil producers.
Mexicos Energy Reform: Ending The Inertia
A key aspect in understanding the troubles of Mexico's oil and gas sector is the federal government’s high budget dependence on the revenues of the National Oil Company (NOC) Petróleos Mexicanos (Pemex).
Pipeline Fever In Mexico
Both Pemex and CFE are promoting new pipeline projects at a fast pace in advance of the most significant energy reform in Mexico in a half-century. The projects are to follow the old rules of government procurement: these state-owned enterprises (SEO) offer the credit rating of the Mexican government to serve as a bankable, long-term service agreement.
Pipeline Planned To Connect Marcellus/Utica Gas Supply To Southeast
EQT Corp. and NextEra US Gas Assets, held a non-binding open season for the Mountain Valley Pipeline project which would connect Marcellus and Utica natural gas supply to markets in the Southeast. The companies signed a letter of intent to form a joint venture to construct and own the Mountain Valley Pipeline.
Pemex Awards Contracts For Los Ramones Pipeline
A consortium that includes Brazil’s Odebrecht was awarded a $935 million contract by Mexico’s oil giant PEMEX to construct a portion of the Phase 2 north section of the Los Ramones pipeline.
North American Production Still Accelerating, ICF Says
An ICF report determined shipping oil overseas would spur the U.S. economy, lowering gasoline prices in the process.
Marcellus Influencing Shifts In Pipeline Activity
Vast production growth in the northeastern United States is significantly altering the pipeline flow throughout much of the continent, according to a recent Moody’s Investors Service report.
Williams Suspends Funding For Bluegrass Pipeline
Williams has suspended capital investments in the Bluegrass Pipeline, a proposed NGL project, primarily in response to an insufficient number of firm customer commitments.
MarkWest Energy To Expand Processing Capacity In Marcellus Shale
MarkWest Energy Partners, L.P. plans an expansion of its rich-gas processing capacity in the Marcellus Shale.
Industry Leaders Predict Robust Pipeline Construction Market In Years Ahead
North America’s energy revolution is alive and well! That was the message at Pipeline & Gas Journal’s 10th annual Pipeline Opportunities Conference March 25 at the George R. Brown Convention Center in Houston. Issues covered included quality control for gas pipeline construction, the Pipeline Safety Act, prospects for infrastructure expansions to support new supply sources, the outlook for labor and employment and the benefits of working in an energy state like Texas.
Energy Transfer To Provide Natural Gas Transportation Service To Mexico
Energy Transfer Partners’ two wholly owned subsidiaries, Houston Pipe Line Company LP and Oasis Pipeline, LP, have entered into 15- year agreements with Comisión Federal De Electricidad (CFE), the Mexican agency handling Mexico’s electric power needs, to provide transportation services for 930,000 MMBtu/d of natural gas.
JV To Build 181-Mile Gas Pipeline In Mexico
Fluor Corp. reports its ICA Fluor joint venture with Empresas ICA, S.A.B. de C.V., signed a contract with TAG Pipelines Sur S. de R.L. de C.V. to build the 1.42 Bcf/d capacity Ramones II Sur gas pipeline through the states of San Luis Potosí, Querétaro and Guanajuato in Mexico.
Summit Build Out Brings Natural Gas To Underserved Maine
In February, when Summit Natural Gas of Maine began providing natural gas to Gardiner businesses and residents who until then had relied on propane or heating oil, it was only part of a much bigger story.
Crestwood Exec Traces Progression From Mergers To Emergence As $9B Player In Midstream, Shale
As master limited partnerships (MLPs) come to dominate the midstream business, the people who helm them must understand not only the intricacies of gas and liquids extraction and transportation, but the financial methods and strategies that drive their firms’ investment and market success. One way to gain that knowledge is from a career path with plenty of unexpected turns.
Editor's Notebook: Don't Feed Them Cake
This is a story of how a boneheaded, albeit well-intentioned, PR decision destroyed years of image building in one fell swoop.
$1.12 Billion Gas Pipeline To Link Mexico And Guatemala
Mexican state oil company PEMEX and Guatemala are planning a $1.2 billion, 370-mile gas pipeline linking the two countries and giving local manufacturers access to cheaper energy, according to a Reuters report.
Mexico Allows Private Participation, Ambiguities Remain
A bill for what is arguably the most liberal energy reform in Mexico to date presents an opportunity to end lethargy that has surrounded the region’s oil and gas industry for longer than necessary.
- 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
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- 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
