Business News
What's New February 2022
News from Sensirion, Polygon, Rockwell, Trimble, RegO and Antaira.
Decom Deploys 2 Pipeline Cutting Saws in Asia-Pacific
Decom Engineering Limited has consolidated a strong 2021 performance with a hat trick of international contract wins valued at more than $531,000 (£400,000).
TC Energy Beats Profit Expectations on Stronger Demand
Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.
Eni Talking to Investors on Energy Transition SPAC
Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.
U.S. Power Use to Rise in 2022 as Economy Continues to Grow - EIA
U.S. power consumption will rise in 2022 and 2023 as the economy continues to recover, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.
Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking
A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.
Carbon+Intel: Top US Oil States Vie for Carbon Capture Oversight to Speed Up Permits
Companies are proposing carbon capture and storage hubs to sequester greenhouse gas emissions from refineries, chemical and natural gas plants, a move that could help slow global warming.
TotalEnergies Withdraws Completely from Myanmar
Before now, the company's decisions have been to halt all ongoing projects, but to continue to produce gas from the Yadana field, which is essential for supplying electricity to the local Burmese and Thai population.
Kinder Morgan Profit Tops Expectations on Higher Gasoline, Jet Fuel Volumes
Kinder Morgan beat Wall Street expectations for fourth-quarter profit, as the U.S. pipeline operator transported higher volumes of gasoline and jet fuel with demand rising.
Associations in the News January 2022
INGAA Names New VP Environment Jones The Interstate Natural Gas Association of America (INGAA) has named Julia Jones as its vice president of Environment. She brings to INGAA nearly two decades of experience as an environmental attorney. Prior to joi..
Companies in the News January 2022
San Diego-based engineering firm Kleinfelder has acquired Century Engineering of Hunt Valley, Maryland. Century provides a multitude of engineering services including transportation planning, design, and inspection; information and spatial solutions (GIS). ..
People in the News January 2022
People Weaver Pipeline infrastructure company Interflow has named Daniel Weaver as its new managing director, marking the fourth generation of family leadership at the Sydney, Australia-based firm. His father, former CEO Geoff Weaver, will remain as chair..
What's New January 2022
What's new in products and services from Saint-Gobain, NDT Global, Vermeer, Netzsch, Ralston, and Brooks.
Enbridge to Expand Natural Gas Pipeline for Transport to Texas LNG Brownsville
Texas LNG Brownsville and Enbridge have executed a pipeline transportation precedent agreement for the expansion of the Valley Crossing Pipeline.
Inaugural P&GJ Awards Winners Honored at In-Person Houston Gala
An elite group of midstream professionals gathered in Houston on November 18th to attend the inaugural Pipeline & Gas Journal Awards gala, which honored the midstream industry’s leading innovations and outstanding personal contributions.
Mega-Field of Zama Draws Big Investment in Mexico
Although Pemex has yet to present a development plan for the Zama oil field, exploration company Talos Energy recently said its value, regardless of operator and equity splits, will be in “multiples of invested capital to date.”
Clearfork Midstream Secures $400 Million Commitment, Plans to Acquire Azure Midstream
Clearfork Midstream announced it has secured a $400 million commitment from EnCap Flatrock Midstream and will acquire Azure Midstream Energy.
Kazakh Ex-Leader's In-Laws Leave Key Energy Sector Jobs
Two members of former Kazakh president Nursultan Nazarbayev's extended family have resigned from the leadership of state oil and gas shipping companies.
Indian Oil to Invest $944 Million on Gas Sales Network in Nine New Areas
Indian Oil Corp, the country's top refiner and fuel retailer, aims to invest 70 billion rupees ($944.02 million) to build gas sales network infrastructure, including pipelines.
Aramco Oil Pipelines Investors Miss Funding Goal With $2.5 Billion Bond Sale
A group of institutional investors that took a stake in Saudi Aramco's oil pipelines network sold $2.5 billion in dual-tranche amortizing bonds, significantly below the amount sought.
Harvest Midstream Signs Agreement to Acquire Arrowhead ST Holdings
Harvest Midstream announced the signing of a purchase and sale agreement to acquire the remaining interest in Arrowhead ST Holdings, LLC from its joint venture partner.
UGI to Acquire Stonehenge Appalachia Midstream Natural Gas Gathering System
UGI Corporation announced that its subsidiary, UGI Energy Services, agreed to acquire Stonehenge Appalachia for approximately $190 million.
Mexico Attorney General Seeks Up to 39 Years Prison for Ex-Pemex Boss
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos for his role in a corruption scandal.
Enterprise Products to Buy Navitas for $3.3 Billion to Boost Natural Gas Pipeline Network
Pipeline operator Enterprise Products Partners said on Monday it would buy Warburg Pincus-owned Navitas Midstream for $3.25 billion in cash.
Williams Delivers Record Volumes Through Expanded Transco Gas Pipeline System
Williams announced that it recently delivered a record amount of natural gas on its Transco interstate pipeline, due to continued expansions on the pipeline.
Up to $3 Billion Worth of Shell's Nigerian Oil Assets Attract Interest from Local Firms
At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's onshore oilfields in a sale that could fetch up to $3 billion.
TC Energy's 590,000-bpd Keystone Pipeline Resumes Operations
TC Energy's 590,000-barrels-per-day Keystone oil pipeline resumed operations after it was shut the previous evening for unplanned maintenance.
Uniper Secures $11 Billion of Credit to Cope with Gas Volatility
German utility Uniper has secured credit facilities worth 10 billion euros from parent Fortum and bank KfW in a move to cope with unprecedented volatility in energy markets.
Nord Stream 2 Go-Ahead Could Come in Mid-2022 - Uniper CEO
The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year.
Oil Rises Above $78 on Optimism About 2022 Outlook
Oil gained some support from an outage in Libya. Oil output will be cut by 200,000 barrels per day for a week due to pipeline maintenance.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
