bp agreed to sell a $1.5 billion minority stake in its Permian and Eagle Ford midstream assets to Sixth Street, while retaining operatorship and majority ownership. The deal supports bp’s plan to raise $20 billion through divestments by 2027.
Momentum Midstream’s NG3 pipeline in Louisiana began early gas deliveries, adding 300 MMcf/d of new takeaway capacity from the Haynesville Shale as Gulf Coast LNG demand accelerates, according to Wood Mackenzie.
Haynesville is undergoing major pipeline expansion as Gulf Coast LNG projects drive record U.S. gas demand. New projects from Momentum, Williams, DT Midstream and others are slated for completion in 2025, boosting takeaway capacity to Louisiana export hubs.
Plains All American will acquire a 55% stake in the 800-mile EPIC Crude Pipeline for $1.57 billion, expanding its Permian and Eagle Ford network to Corpus Christi and boosting its Gulf Coast export position.
Crescent Energy will acquire Vital Energy in a $3.1 billion all-stock deal, creating a top-10 independent oil and gas producer with assets across the Permian, Eagle Ford and Uinta basins.
WhiteWater will expand its Pelican Pipeline to 42 inches, boosting capacity to 2.5 Bcf/d by 2027. The 170-mile line will connect Williams, Louisiana, to the Gillis Hub, supporting Haynesville and Gulf Coast markets.
Williams has launched its 1.8 Bcf/d Louisiana Energy Gateway pipeline, expanding Haynesville gas takeaway capacity ahead of rising LNG demand from Gulf Coast export terminals.
Venture Global is urging FERC to reapprove its CP2 LNG terminal in Louisiana—set to be the largest in the U.S.—following a completed environmental review showing no significant air quality impacts.
BKV Corp. and Copenhagen Infrastructure Partners formed a $500 million joint venture to develop carbon capture projects in the U.S., starting with Barnett Zero and Eagle Ford.
A U.S. House budget bill proposes over $1.5 billion to replenish and maintain the Strategic Petroleum Reserve and cancels a planned oil sale, aiming to rebuild the emergency crude stockpile.
Top U.S. oilfield firms SLB, Halliburton, and Baker Hughes brace for a downturn as falling oil prices force producers to cut drilling budgets and scale back activity, particularly in North America.
Venture Global’s proposed CP2 LNG project in Louisiana received a favorable final environmental review from U.S. regulators, paving the way for potential approval of what could become the largest LNG export facility in the country.
Enbridge is targeting startup of its Canyon and Sparta offshore pipelines by 2028-29 and evaluating 24 Bcf of expansion potential at its Gulf Coast gas storage sites to strengthen LNG export connectivity.
Energy Transfer moved closer to sanctioning its Lake Charles LNG export project after securing a key Japanese buyer, boosting committed sales to 10.5 MTPA as it targets a final investment decision by year-end.
Commonwealth LNG signed a 20-year supply agreement with a major Asian buyer for 1 million tonnes per annum from its planned Louisiana export project, marking a key milestone ahead of final investment decision.
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