Occidental Midstream Rebounds on Permian Gas Transport Gains
Occidental Petroleum beat fourth-quarter estimates as its midstream unit swung to profit, supported by stronger Permian gas transportation margins and lower crude transport costs.
Occidental Petroleum beat fourth-quarter estimates as its midstream unit swung to profit, supported by stronger Permian gas transportation margins and lower crude transport costs.
Southern Co. increased its five-year capital plan to $81 billion as surging data center demand prompts expansion of natural gas-fired generation and large-load capacity across the Southeast.
APA Group is advancing Stage 3 of its East Coast Gas Grid Expansion Plan while increasing its three-year organic growth pipeline to about AUD$3 billion (US$2 billion), signaling continued investment in Australian gas transmission infrastructure.
Targa Resources topped fourth-quarter expectations as natural gas and NGL volumes climbed, while outlining major Permian processing and pipeline expansions set to drive midstream growth.
Brazos Midstream has brought a new 300 million cubic feet per day cryogenic plant online in Martin County and launched another in Glasscock County, boosting Midland Basin processing capacity to 800 million cubic feet per day and adding 70 miles of gathering pipeline.
Trinidad and Tobago’s energy minister expressed optimism that two key offshore gas projects with Venezuela — backed by Shell, BP and the National Gas Company — may resume after political shifts in Caracas, offering potential supply relief for LNG and petrochemical sectors.
EQT Corp. raised its natural gas production outlook and outlined $580–$640 million in infrastructure investments, including the Clarington Connector pipeline, after higher gas prices and LNG-driven demand boosted fourth-quarter profit.
SM Energy has agreed to sell 61,000 net acres and 260 producing wells in South Texas to Caturus Energy for $950 million, with proceeds expected to reduce debt and strengthen its balance sheet.
Repair work remains underway in Washington County, Iowa, after a natural gas liquids pipeline operated by Enterprise Products Partners caught fire over the weekend. The cause of the explosion is under investigation.
Fermi America has received six Siemens SGT-800 gas turbines at the Port of Houston for its Texas-based Project Matador, advancing the first gigawatt of planned natural gas generation.
Kitsault Energy has proposed a dual crude oil and natural gas pipeline corridor from Dawson Creek to Observatory Inlet, targeting a new West Coast export terminal in British Columbia.
Evers & Sons has secured a Texas compressor station expansion project that will add six new units, increasing natural gas compression capacity and supporting regional throughput growth.
Enagás has deployed digital grid management software across 11,000 kilometers (6,835 miles) of Spain’s gas transmission network to enhance safety, monitoring and hydrogen readiness.
Brazos Midstream has expanded its credit facility to $1.1 billion to support continued natural gas gathering and processing growth in the Midland Basin.
Transition Industries has secured a long-term natural gas supply agreement with CFEnergía, enabling construction of its $3.3 billion Pacifico Mexinol methanol project in Mexico.
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