North America
ONEOK Agrees to $280 Million Acquisition of Gulf Coast NGL Pipelines
ONEOK Inc. has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million.
NextDecade Eyes Train 4 FID for Rio Grande LNG Phase 1 in Late 2024
NextDecade is advancing swiftly with its Rio Grande LNG Facility, as it eyes a significant milestone in the second half of 2024.
Mountain Valley Pipeline Repairs Leak, Proceeds with West Virginia-Virginia Gas Line Testing
U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service.
Pembina Pipeline Downplays Investment Prospects in Trans Mountain Expansion
Canada's Pembina Pipeline Corp. is not spending much time considering investment in the newly expanded Trans Mountain oil pipeline (TMX) due to uncertainty around shipping tolls, a company executive said on Friday.
U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25
U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.
Enbridge Exceeds Profit Expectations Amid Strong North American Oil Demand
North American pipeline operator Enbridge beat market estimates for first-quarter profit on Friday on strong demand for transporting oil.
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 Launches Binding Open Season for 850-Mile Gray Oak Oil Pipeline
Gray Oak Pipeline LLC, a joint venture among the pipeline system's owners, has announced a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day.
Trump Targets LNG Exports in Meeting with Oil CEOs, Promises Reversal of Biden Policies
Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.
Canada Faces Pipeline Squeeze Despite Trans Mountain Launch
As Canada's oil industry celebrates the start of the Trans Mountain pipeline expansion, some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available.
Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter
Pipeline operator Energy Transfer expects to receive a draft Environmental Impact Statement for its Blue Marlin offshore terminal this quarter, executives said on Wednesday during a quarterly earnings call.
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.
Suncor Leases Aframax Vessels, Directly Sells Trans Mountain Crude
Canada's Suncor Energy is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximize profits on oil being shipped on the newly completed Trans Mountain pipeline expansion.
Occidental Petroleum Aims to Close CrownRock Deal by August
Occidental Petroleum hopes to close its acquisition of shale oil producer CrownRock before its second-quarter earnings call, CEO Vicki Hollub said on Wednesday, a date that typically falls in August.
New Fortress Delays Start of Mexico's First LNG Plant to Late May
New Fortress Energy said on Wednesday it delayed the start of its Altamira LNG plant in Mexico to May and expects to export its first cargo in June after an incident a few days before the country's first LNG export plant was due to begin production.
Canadian Utilities Unveils $1.5 Billion Alberta Gas Pipeline Project
The company, majority-owned by ATCO, said the Yellowhead Mainline project would include 124 miles of pipeline and related control and compression facilities that will run from Peers, Alberta, to Edmonton.
U.S. Looks to Rebuild Strategic Petroleum Reserve as Oil Prices Drop
A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022.
TC Energy's Oil Pipeline Spin-off Faces Challenges in Gulf Expansion
TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up.
Crescent Point Unloads Assets in $600 Million Deal with Saturn Oil & Gas
Crescent Point Energy Corp. has finalized an agreement with Saturn Oil & Gas Inc. to offload specific non-core assets in Saskatchewan, Canada, for $600 million in cash.
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.
Centurion Group Sells Centurion Canada Infrastructure to Hillcore Group
Centurion Group, a global leader in specialist rental equipment and services, has finalized the sale of its legacy construction business, Centurion Canada Infrastructure, to the Hillcore Group.
Exxon, Chevron CEOs Call for Clarity on U.S. Clean Energy Subsidies
Top executives at U.S. oil giants ExxonMobil and Chevron Corp. said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change.
Williams Scraps Northeast Pipeline Project While Pennsylvania Gas Transport Plan Advances
Williams ambitious natural gas pipeline project, aimed at crossing New Jersey and extending under two bays to New York, has met its demise. Concurrently, another initiative involving the transportation of LNG from Pennsylvania via tanker truck is progressing.
U.S. Plans to Buy 3.3 Million Barrels of Oil for SPR Replenishment
The U.S. Energy Department is seeking to purchase up to 3.3 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR), it said in a statement on Tuesday.
Williams Foresees Victory in Energy Transfer Dispute Over Louisiana Gas Pipeline
U.S. energy firm Williams Cos said on Tuesday it still expects to overcome a pipeline dispute with rival Energy Transfer and complete its Louisiana Energy Gateway natural gas project in the second half of 2025.
Over 70 Democratic Lawmakers Back Biden's Pause on LNG Exports
Nearly 75 U.S. lawmakers from President Joe Biden's Democratic party on Tuesday praised his pause on approvals of exports of LNG saying it would protect Americans from pollution and potential higher prices.
Pipeline Operator Williams Beats First-Quarter Profit Estimates on Favorable Acquisitions
Williams Companies beat first-quarter profit estimates on Monday, as the pipeline operator benefited from increased rates and favorable contributions from acquisitions.
Sinopec in Talks with Pembina Pipeline for LNG Offtake, Cedar LNG Stake, Sources Say
China's Sinopec is in discussions with Pembina Pipeline Corp. for an LNG offtake agreement and equity stake in the Canadian company's proposed Cedar LNG project, sources said.
Pipeline Safety Improves Over Five Years, Focuses on Community Engagement and Low-Carbon Solutions
Despite increases in pipeline mileage and the volume of barrels transported, the American Petroleum Institute's recent report reveals that pipeline safety has seen improvement across various key metrics over the past five years.
TC Energy's Keystone Pipeline Shines in Q1, Achieving Record Operational Reliability
Total earnings from TC Energy's pipeline segments came in at $1.66 billion, primarily driven by the Keystone pipeline, which achieved 96% "operational reliability", TC Energy said.
- 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
