Business News

Equitrans Midstream Supports Methane Reduction Efforts

Equitrans Midstream supports the U.S. oil and gas industry's ongoing efforts to reduce methane emissions and reaffirms its prior opposition to the U.S. Environmental Protection Agency's (EPA) rollback of methane regulations in 2020.

Pipeline Company Recognizes April as National Safe Digging Month

Georgia’s Colonial Pipeline is reminding homeowners and contractors that safe digging must remain a priority to protect people and prevent damage to critical utility services.

Aramco Pipeline Investors to Refinance Loan with Bonds Next Year

EIG will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said.

Jacobs Awarded Owner's Engineer Role for LNG Terminal in Philippines

The project includes modifications to the jetty head, berthing and mooring facilities; a trestle bridge with high-pressure gas pipeline and utilities; and a jetty monitoring building and control room.

People in the News April 2021

People  Stempien AVANGRID announced the appointment of Catherine S. Stempien to the role of president & CEO of Avangrid Networks, its largest business unit, which serves 3.3 million customers with electric and gas service through eight companies in Maine,..

Phillips 66 Opts for Pipeline Control Center Operations Pilot

Phillips 66 selected Crux OCM, a system of robotic industrial process automation (RIPA), for an oil and gas operations pilot program. The program will incorporate the company’s pipeBOT, which requires fewer manual commands for control room operations.

Global News April 2021

A collection of brief articles provides a snapshot of global pipeline-related news from this month.

SSE Thermal and Equinor Planning UK Hydrogen and Carbon Capture Projects

The projects would utilize the parallel hydrogen and CO2 pipeline infrastructure being developed by the Zero Carbon Humber (ZCH) partnership – which includes Equinor and SSE Thermal – and offshore CO2 infrastructure.

LM Energy Launches Open Season to Extend Oil Gathering System in Northern Delaware Basin

The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.

TC Energy Seeking Renewable Energy to Power Pipelines

TC Energy Corporation is seeking to identify potential contract and/or investment opportunities in wind energy projects that could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a portion of its pipeline assets along its U.S. corridor.

Aramco Agrees to $12.4 billion Deal to Sell Stake in Pipelines

Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.

VVC Exploration Expanding Helium Portfolio, Acquires Gas Property in Kansas

The Monarch Lease is a 1,720-acre property in the Byerly Field in Greely County, Kansas. It includes six formerly producing gas wells connected to the Tumbleweed Midstream pipeline.

What's New April 2021

Updates from Sensirion, Ralston, Cortec, Weldcote, AIO and BPS are included in this month's What's New.

Archaea Energy, Aria Energy Combine to Form RNG Development, Advancement Company

The business combination with Archaea and Aria, one of the largest companies in the North American landfill gas (LFG) sector, will create a significant U.S. RNG platform.

Canadian Pipeline Companies See Natgas Opportunities in Shift to Green Energy

Natural gas and liquids will continue to play a prominent role in the energy economy for decades to come, one executive said, even as a transition to cleaner energy evolves.

Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

Phillips 66 Warns U.S. Winter Storm Pushing First-quarter Loss Past Forecast

U.S. refiner Phillips 66 on Monday predicted that its first-quarter loss would be larger than expected, citing the severe winter cold snap that battered its U.S. Gulf Coast petrochemical operations.

Exxon Sues Energy Transfer Over Charges From Pipeline Dispute

Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing.

Canada’s Inter Pipeline Gets $325 million Grant for Petrochemical Plant

Canada's Inter Pipeline Ltd, which is fighting a hostile takeover bid by Brookfield Infrastructure Partners, will receive a C$408 million ($325.15 million) grant from the Alberta government in support of its Heartland Petrochemical Complex.

Midcoast Energy Completes CJ Express Pipeline Expansion

Texas-based Midcoast Energy completed its CJ Express pipeline expansion project, and it is now in service, the subsidiary announced.

Pony Express Pipeline Announces Open Season for Transportation

Tallgrass Pony Express Pipeline, a subsidiary of Tallgrass Energy, announced a binding open season soliciting shipper commitments for crude oil transportation.

Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines

U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs.

Russia's Transneft Posts 26% Fall in 2020 Net Profit

Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.

Annova Cancels Texas LNG Export Facility Project

Annova LNG announced the immediate cancellation of its liquified natural gas (LNG) export facility under development in Brownsville, Texas, due to changes in the global LNG market.

INEOS Energy to Sell Norwegian Oil and Gas Business to PGNiG for $615 million

INEOS Energy has agreed to sell its Norwegian oil and gas business to Poland's PGNiG Upstream Norway AS for $615 million.

Oil Companies Launch On-site Vaccinations as Supplies Rise

U.S. energy companies are organizing employee vaccinations as more COVID-19 doses become available, officials and employees told Reuters, setting up on-site clinics or offering time off to workers to get the shot.

Saudi Aramco Sends Request for Pipeline Deal Financing

Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.

Top U.S. Gas Utility Sets Net Zero Emissions Goal for 2045

Southern California Gas Co, the largest U.S. gas distribution utility, set a target to achieve net zero greenhouse gas emissions by 2045, aligning with the state's target to become carbon-neutral within 25 years.

Lucid Energy Commissions Cryogenic Processing Plant in the Delaware Basin

The Red Hills V plant has the capacity to process 230 million cubic feet of natural gas per day (MMcf/d) and brings the total capacity of Lucid’s natural gas processing franchise in the northern Delaware Basin to 1.2 billion cubic feet per day.

Baker Hughes Flexible Pipe Technology Should Overcome Challenges of Pre-Salt Subsea Developments

Baker Hughes reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.