Department: In The News

In the News

September 2017, Vol. 244, No. 9

Did BP Just Unlock a New Major Shale Gas Basin? BP made a potentially groundbreaking discovery in New Mexico, which could open up a new area for shale gas development. The oil major was drilling in a little-known area in northern New Mexico, in a place called the Mancos Shale. BP reported huge figures from the shale gas well, suggesting the Mancos could provide a massive new source of U.S. shale gas. The initial 30-day production rates of the new well hit 12.9 MMcf/d, a figure that tops horizontal wells in the highly prolific Eagle...

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In the News

August 2017, Vol. 244, No. 8

PG&E Employees’ Rescue Efforts Earn AGA Meritorious Service Award What began as a routine meter maintenance job turned into a rescue mission and led to an American Gas Association Meritorious Service Award for Michael Garcia and Miguel Hernandez of Pacific Gas & Electric. The AGA award is presented each year to the “individual who has performed the most meritorious act in the gas industry in saving a human life during the prior calendar year.” The two men arrived at a home in south San Jose, CA, late in the afternoon when Garcia, a gas control...

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In the News

July 2017, Vol. 244, No. 7

Ray Lewis Honored by Houston Pipeliners Association The Pipeliners Association of Houston celebrated a very special career at its June 5 meeting, honoring long-time ROSEN Group Director Ray Lewis on his 60th anniversary working in the industry with its 2017 Pipeliner of the Year Award. Lewis was introduced to the standing-room-only crowd by his long-time industry friend, Danny Nicholson. He told how Lewis, now 90, broke into pipelining in the late-1950s with Williams Pressure Testing and was doing hydro-testing before there was such a thing as pigging. Lewis, a native of Arkansas who recently retired...

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In the News

June 2017, Vol. 244, No. 6

Gulf Publishing Company Acquires Oildom Publishing, P&GJ After three generations of family ownership, Pipeline & Gas Journal owner Oildom Publishing Company has been acquired by Houston-based Gulf Publishing Company in a deal that creates the world’s largest independent media company devoted exclusively to the international energy industry. The acquisition adds P&GJ, Pipeline News and Underground Construction to Gulf Publishing’s portfolio of trade journals: World Oil, Hydrocarbon Processing, Gas Processing and Petroleum Economist.  It also expands its roster of major industry conferences with the addition of P&GJ’s Pipeline Opportunities Conference, the only event dedicated solely to...

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In the News

May 2017, Vol. 244, No. 5

Enbridge, NDT Global Advance R&D of Next-Generation Inspection Technology Enbridge Inc. and NDT Global will partner in a multi-year project to advance innovation in pipeline inspection technology. The agreement focuses on development of a new generation of inspection tool designed to further improve pipe crack assessment. Enbridge and NDT Global have been working together for 15 years on pipeline inspections and said this latest investment will bring further innovation and a new technology capability to the existing integrity management programs. The scope of the project is aimed at evolving existing inline inspection performance. An important...

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In the News

April 2017, Vol. 244, No. 4

Enbridge at 66,000 Miles of Pipelines with Addition of Spectra Oil and natural gas pipeline giant Enbridge is now the dominant energy transportation and storage company in North America after finalizing its buyout of Spectra Energy Partners on Feb. 27. The Calgary-based company bought Spectra in a deal valued at $28 billion. Before the buyout, Enbridge had 17,500 miles of liquids pipelines and 34,000 miles of natural gas pipelines. By acquiring Spectra, Enbridge added 15,000 miles of pipeline infrastructure. With an enterprise value of $166 billion CAD ($126 billion US), the combined entity is now...

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In the News

March 2017, Vol. 244, No. 3

U.S. Shale Production Likely to Peak over Next Decade, EIA Says U.S. shale and tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total U.S. oil production, according to a recent report by a federal Energy Information Administration. U.S. shale oil production has risen significantly since 2010, driven by technological improvements that have reduced drilling costs and improved drilling efficiency. In 2015, oil companies pumped 4.9 million bpd out of shale and tight oil fields and, for the first time, made up more than half...

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In the News

February 2017, Vol. 244, No. 2

DCP Midstream Partners to buy assets of Philips-Spectra joint venture DCP Midstream Partners LP has acquired the assets of a joint venture between Phillips 66 and Spectra Energy Corp to create the largest natural gas liquids (NGL) producer and gas processor in the United States. The combined company, which has an enterprise value of $11 billion, will be renamed DCP Midstream LP and will trade with the ticker symbol “DCP” on the New York Stock Exchange.(See Projects). The deal simplifies the company’s corporate structure, said Wouter van Kempen, CEO of DCP Midstream and DPM. DPM...

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In the News

January 2017, Vol. 244, No. 1

EIA Sees Slippage in U.S. Crude Oil, Natural Gas Production   A late-year report by the Energy Information Administration (EIA) said U.S. crude oil production averaged 9.4 MMbpd in 2015 and is forecast to average 8.9 MMbpd in 2016 and 8.8 MMbpd in 2017. EIA forecasts Brent crude oil prices to average $43/b in 2016 and $52/b in 2017. West Texas Intermediate (WTI) crude oil prices are forecast to average about $1/b less than Brent prices in 2017. The values of futures and options contracts indicate significant uncertainty in the price outlook, EIA Administrator Adam...

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For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

In the News

December 2016, Vol. 243, No. 12

GE, Baker Hughes Creating New Oilfield Technology Company GE and Baker Hughes plan to combine GE’s oil and gas business with Baker Hughes to create a world-leading oilfield technology provider with an enlarged mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue and operations in over 120 countries. Baker Hughes shareholders will receive a one-time cash dividend of $17.50 per share and 37.5% of the new company. GE will own 62.5% of the...

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For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

In the News

November 2016, Vol. 243, No. 11

Duke Energy Closes Piedmont Acquisition, Adds 1 Million Gas Customers Duke Energy closed its acquisition of Piedmont Natural Gas with Piedmont, retaining its name and operating as a business unit of Duke. Both companies are headquartered in Charlotte, NC. The acquisition adds Piedmont’s 1 million natural gas customers to Duke Energy’s existing customer base of 525,000 natural gas customers and 7.4 million electric customers. The North Carolina Utilities Commission on Sept. 30 approved the acquisition – the final regulatory ruling needed to complete the transaction. The Tennessee Regulatory Authority and Piedmont’s shareholders previously approved the...

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For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

In the News

October 2016, Vol. 243, No. 10

FAA Releases Application for Small Drone Waivers The Federal Aviation Administration (FAA) released the form and instructions on how to apply for a waiver from certain requirements included in the “Operation and Certification of Small Unmanned Aircraft Systems” final rule. The final rule went into effect Aug. 29, and permits the use, with certain limitations, of small unmanned aircraft systems (small drones) for non-hobby and non-recreational purposes. The FAA will allow operators of small drones to apply for a waiver for a variety of reasons including operation from a moving vehicle or aircraft, daylight operation,...

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For over 150 years, Pipeline & Gas Journal (PGJ) has been the trusted source for information about the oil & gas pipeline industry worldwide. Join the Pipeline & Gas Journal (PGJ) community today as a PGJ Insider. Obtain access to valuable information and enhanced content. Receive important notifications.

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