Business & Markets

Moda Midstream to Expand Loading Center, Evaluate New Pipeline

Along with expanding its Ingleside Energy Center to allow for VLCC loading, Moda Midstream is also evaluating building a new pipeline.

New Gas Pipelines Adding Capacity from U.S. South Central, Northeast

The United States is expected to add between 16 billion cubic feet per day (Bcf/d) and 17 Bcf/d of natural gas pipeline capacity in 2019, most of which was built to provide additional takeaway capacity out of supply basins.

Energy Transfer Expects Supertanker Facility in Service by 2023

Energy Transfer said on Thursday that it is expecting to have its offshore export facility in Texas capable of loading supertankers in service by early 2023.

Kinder Morgan Completes Acquisition of Southcross Energy Assets

Kinder Morgan Tejas Pipeline completed its $76 million acquisition of Southcross Energy natural gas pipeline assets Thursday, including the Corpus Christi Pipeline Network and Bay City Lateral.

Noble Energy Closes Purchase of Interest in EMG Pipeline

Noble Energy has closed its acquisition of a 39% stake in the EMG pipeline.

Saipem Wins $100 Million Equatorial Guinea Pipeline Contract

Italy's Saipem has won a $100 million contract to build a 43-mile subsea pipeline in Equatorial Guinea.

PennEast Developers Press on Despite Court Decision

The companies developing the $1 billion PennEast natural gas pipeline remain committed to building the project and are evaluating their options after a federal appeals court decided not to rehear an earlier decision against the pipeline.

Pioneer Natural CEO Calls Out Permian Basin Gas Flaring

The chief executive of Pioneer Natural Resources, Scott Sheffield, called on Permian Basin producers to limit natural gas flaring and to monitor for methane leaks.

Occidental to Slash Spending After Swinging to Loss

After posting higher losses than expected, including drops in its midstream profits, Occidental is cutting spending on big projects for next year.

Centurion Pipeline Launches Binding Open Season for Augustus Pipeline

Centurion Pipeline has launched an open season to gauge interest for a proposed crude oil pipeline from Midland to Crane, TX.

Keystone Restart Unknown, Leak Source Unclear

The exact cause of the Keystone Pipeline leak that spilled over 9,000 barrels of oil last week is still unknown as is the timeline for when the pipeline will be restarted.

Israel-Egypt Gas Pipeline Deal Closed “In Practice”

The EMED joint venture consisting of Noble Energy, Israel's Delek Drilling and Egypt's East Gas Co has all but completed its purchase of a 39% stake in the subsea EMG pipeline.

NGL Energy Partners LP Closes Acquisition of Hillstone

After acquiring Hillstone LLC, NGL Energy now has approximately 380 miles of water disposal pipelines serving the Delaware Basin.

Cheniere Targets Early Start of Texas LNG Exports: First Half 2021

Cheniere Energy Inc said on Friday it expects to reach substantial completion of the third liquefaction train at its Corpus Christi LNG export plant in Texas earlier than previously expected in the first half of 2021.

Shippers Seek Alternatives as Crews Work to Plug Keystone Leak

Shippers on the Keystone pipeline are seeking alternative sources of supply as workers from TC Energy begin working to plug the line which leaked on Tuesday.

High on Earnings, TC Energy Plans C$1.2 Billion System Expansion

Fresh off of a 55% quarterly increase in liquids transportation earnings, Keystone pipeline operator TC Energy said it will proceed with another C$1.2 billion expansion to its pipeline system.

Marketlink Oil Line From Cushing Cuts Rates After Keystone Leak - Sources

TC Energy's Marketlink crude oil pipeline was operating at reduced rates on Thursday due to supply constraints after the company's Keystone pipeline was shut following a leak.

Enbridge Wins Court Backing to Build Great Lakes Pipeline Tunnel, Keep Line Running

A Michigan state judge has approved an agreement between Enbridge and the state to allow the company to build a tunnel to house its Line 5 pipeline under the Great Lakes and continue to run the pipeline during construction.

Magellan Midstream to Redesign Proposed Voyager Crude Pipeline

After reviewing the results from an open season on Magellan Midstream's proposed Voyager Pipeline, the company has decided to redesign the project to develop a more "capital efficient solution."

Ukraine to Develop Gas Transit Company in Effort to Bolster Talks with Russia

In an effort to improve its position in gas transit talks with Russia, Ukraine is developing its own transport company.

Russia Signs First Tainted Oil Settlement Deal in Hungary

Russia and Hungary have signed their first compensation agreement for contaminated oil that flowed to Hungary on the Druzhba pipeline earlier this year.

Tallgrass Energy Secures Oil Shipper Contracts for Pony Express Pipeline

Tallgrass Energy has secured additional shipper contracts on its Pony Express Pipeline as it recontracts parts of the line.

Putin, Hungary's Orban to Discuss TurkStream Pipeline

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban are hoping to agree on terms for the TurkStream Pipeline at a meeting this week.

Seaway Announces Upcoming Open Season

Seaway Pipeline Company has announced plans to hold an open season to gauge interest in a possible expansion of one of its crude oil pipeline systems.

Denmark Approves Nord Stream 2 Project

The Nord Stream 2 project has been approved by Denmark, the last remaining country needed to finish the pipeline.

Enterprise Midland-to-ECHO Pipeline System Expansions to Add 450,000 bpd Each

Enterprise's CEO reported on the company's earnings call that upcoming expansions on 2 of its pipelines will add 450,000 bpd of capacity to each line.

EPIC Crude Oil Pipeline Announces Third Open Season

EPIC has announced a third open season on its 400,000 bpd EPIC Crude Pipeline.

Singapore Committed to Natural Gas Power

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said.

Small Oil & Gas Companies get Cold Shoulder from Big Banks

The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.

Dirty Oil Settlement Expected Between Lukoil, MOL

Russian oil producer Lukoil and Hungarian energy company MOL are reportedly set to sign a settlement deal over contaminated oil during Russian President Putin's visit to Budapest this week.