Business & Markets

Kinder Morgan Eyes Another Permian Gas Pipeline

Executives at cash-flush Kinder Morgan, which already has two major Permian Basin-Gulf Coast natural gas pipelines totaling 4 Bcfd under construction, are considering a third pipeline in response to ever-growing demand in the region.

Jordan, Egypt, and Iraq Set to Build $18 Billion Oil Pipeline

Jordan and Iraq are nearing final approval for an $18 billion oil pipeline that would carry 1 MMbpd of oil from the Iraqi city of Basra through the Jordanian port of Aqaba and across the Red Sea to Egypt.

New Concho-Frontier JV to Construct Midland Basin Gathering System

Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.

Colombia's Ecopetrol Working to Contain Spills from Pipeline Attacks

Colombia's state-run oil company Ecopetrol said it is working to contain two oil spills from its Cano Limon pipeline, which was damaged by bomb attacks on the weekend.

CEA Report Details Potential of Piceance, Uinta Basins

The CEA has released a detailed report on “Natural Gas Markets for the Western States and Tribal Nations,” explaining how the abundant natural gas resources in the Piceance and Unita basins in Colorado and Utah can bring significant economic and environmental growth the region with the approval of more production and infrastructure expansion.

Application Filed for New Nord Stream 2 Route

The developers of the Nord Stream 2 natural gas pipeline from Russia to Germany applied for a third route south of Denmark's Baltic Sea island of Bornholm, as they try to overcome objections from the country.

Zydeco Announces Open Season for Non-Firm Capacity

Zydeco Pipeline Company, jointly owned by Shell Midstream Partners and Shell Pipeline Company, announced an open season seeking binding commitments for non-firm capacity transportation service on its 350-mile pipeline.

Medallion Starts Open Season for Expanded Joint Tariff Service

Medallion Delaware Express and Medallion Pipeline Company announced an open season to solicit binding, long-term commitments to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.

Chevron Acquiring Anadarko for $33 Billion as Crude Prices Climb

Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin.

Nord Stream 2 Delay 'Trump Card' in Russia-Ukraine Talks: EU Official

Construction of Russia's Nord Stream 2 pipeline to Germany is bound to face further long delays, forcing Moscow to come to an agreement with Ukraine on future gas transits, a senior EU official said.

API-AOPL Annual Report Shows Liquids Pipeline Incidents Down Significantly

The American Petroleum Institute (API), in coordination with the Association of Oil Pipe Lines (AOPL) has released the 2019 API-AOPL Liquids Pipeline Performance Report, which details a 20% decrease in liquids pipeline incidents impacting people or the environment over the last five years despite increases in both pipeline mileage and barrels delivered.

Perspective: Impact of Trump’s Executive Orders Unclear

The executive orders signed Wednesday by President Trump are intended to make it easier for companies to build oil and gas pipelines, but experts aren’t sure yet if they will achieve their goal.

Police: 1 Dead, 15 Injured in North Carolina Gas Explosion

A gas explosion that partially collapsed a North Carolina building and set it ablaze Wednesday morning killed one person and injured more than a dozen others, police said.

Romania Premier Encourages European Independence From Russian LNG

Romania's prime minister says a number of European countries need to diversify energy sources to lessen dependence on Russian gas.

Petrobras Sells Pipeline Unit to Engie for $8.6 billion

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close.

Tellurian Announces Binding Open Season for the Permian Global Access Pipeline

Tellurian announced today that its subsidiary Permian Global Access Pipeline is conducting a binding open season to secure prospective shippers for its proposed PGAP project.

Sunoco Settles Mariner East 1 Case with Pennsylvania PUC

Energy Transfer's Sunoco Pipeline subsidiary has reached a $200,000 settlement agreement with the Pennsylvania Public Utility Commission (PUC) over an 840-gallon ethane and propane leak from Mariner East 1 pipeline in 2017.

Hastings Announces Sale of Cactus Fuel

Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy and industrial services businesses, is pleased to announce the sale of assets of Cactus Fuel, LLC to Pilot Thomas Logistics, LLC.

New Pipelines Drain West Texas Crude Stocks to 4-Month Low

Crude inventories in West Texas dropped in February to the lowest in four months after a converted pipeline began transporting crude from the nation’s biggest shale oil field to the U.S. Gulf Coast, according to data from Genscape.

Lebanon Warns Against Using Disputed Territory for East Med Pipeline

Lebanon warned its Mediterranean neighbors in March that a planned East Med gas pipeline from Israel to the European Union must not be allowed to violate its maritime borders.

China Plans State Pipeline Company to Spur E&P

China is expected to introduce a plan this year to combine the long-distance pipeline assets of its state-owned energy companies into a single, national oil and gas pipeline group and open access to private and foreign energy producers.

West Coast Perched at Forefront of Natural Gas Movement

Gas, widely seen as a transition fuel, provides 45% of California’s power, augmented by sustainable large-scale hydro (17.89%) and wind and solar. Indeed, California is one of only three U.S. states in which solar exceeds 10% of power generation. As of 2017 coal accounted for only 4.1% of California’s power, compared to 30% nationally and it will be zero by 2026.

Operational Intelligence Needed in Preparing for Oil and Gas Upswing

In the oil and gas industry, pressure can ramp up twofold during peak times and companies must figure out how to maximize extraction to optimize return.

Growing Offshore Activity Creates Infrastructure Demand

Growing offshore exploration and production activity at locations around the globe is creating stronger demand for construction of pipelines and subsea infrastructure.

Optimism Abounds for M&A in the Gulf of Mexico

A comeback is expected for M&A activity in the U.S. Gulf of Mexico. The combination of substantial inventory on the block, potential proof-of-concept developments on the horizon and continued focus by many players in the region on divesting of non-core properties, may set the stage for heightened deal flow in the region, assuming commodity prices continue to cooperate.

Future of US Offshore Sector

One of the early lessons of the new year that revealed itself in the first few weeks of January is there is a renewed bullishness in the offshore oil and natural gas potential for the Gulf of Mexico.

Trump to Sign Order Seeking to Clear Gas Pipeline Hurdles: Kudlow

White House economic adviser Larry Kudlow said the Trump administration would soon issue an executive order that will open the door for more natural gas pipelines and exports of LNG. The administration has been considering an order that would push back against states, including New York, that have blocked interstate natural gas pipelines.

Greece's DEPA to Become First Gas Supplier to Bulgaria Outside Gazprom

Bulgaria's Bulgargaz has struck a deal to buy 1.5 million megawatt hours of natural gas from Greece's DEPA, the first time the state provider has bought gas outside its long-term contract with Russia's Gazprom.

EagleClaw Midstream to Proceed with Delaware Link Pipeline

EagleClaw Midstream said Wednesday it has made a final investment decision to proceed with construction of the Delaware Link pipeline, a new pipeline designed to transport residue natural gas from the Delaware Basin in West Texas to the Waha hub.

Noble Energy Sanctions the Alen Gas Project with Startup Planned in the First Half of 2021

Noble Energy, Inc. announced today that the Company has approved the Alen natural gas development offshore Equatorial Guinea (EG).