Business & Markets

Sentinel Midstream, Freepoint Commodities Partner on Deepwater Oil Facility

Sentinel Midstream has announced its partnership with Freepoint Commodities (Freepoint) to construct and operate the Texas GulfLink deepwater crude oil export facility.

Enterprise Begins Service at Natural Gas Processing Plant in East Texas

Enterprise Products Partners announced that it recently began operations at its new Bulldog cryogenic natural gas processing plant (previously referred to as the “Panola 3 gas plant”) in Panola County, Texas.

Kinder Morgan Profit, Cash Flow Rise on Gulf Coast Express Pipeline Strength

U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from the Permian Basin through its Gulf Coast Express pipeline.

Trump Administration Approves Keystone XL On US Land

The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom.

Enbridge-Annova LNG Deal to Expand Valley Crossing Pipeline

Enbridge's Valley Crossing Pipeline will be expanded along with the construction of a nine-mile lateral to supply natural gas for Annova LNG’s Brownsville, Texas, export facility, under an agreement announced Wednesday.

Centurion Pipeline Announces Successful Open Season for Augustus Pipeline

Centurion Pipeline has announced the successful completion of its binding open season for the Augustus Pipeline.

Kazakhstan Cuts Oil Exports to China After Contamination Detected — Sources

Kazakhstan reduced oil supplies via the Atasu-Alashankou pipeline to China on Tuesday after tests carried at the end of the last week showed a high content of organic chloride, three trade sources familiar with the matter told Reuters on Tuesday.

U.S. Shale Oil, Natural Gas Output Growth to Hit Slowest in a Year — EIA

U.S. oil and natural gas output in major shale formations is expected to rise by the smallest in about a year in February to record highs, the U.S. Energy Information Administration (EIA) said on Tuesday, as producers pull back on new drilling.

PETRONAS Signs 12-Year LNG Deal With Shenergy

PETRONAS has signed a Heads of Agreement (HOA) with Shenergy Group Company Limited (Shenergy) to supply approximately 1.5 MTPA of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China.

Libya Pipeline Closure Warrants Force Majeure

Military forces loyal to Khalifa Haftar closed a pipeline in Libya on Sunday, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.

Freeport LNG Starts Commercial Operation of Train 2

Freeport LNG announced it has launched commercial operation of the second liquefaction train at its three-train facility, with initial gas deliveries from BP under a 20-year agreement.

Midstream Energy REITs: A New Structure

A recent IRS private ruling allows a real estate investment trust or “REIT” to own and operate traditional midstream infrastructure assets, including storage assets and pipelines, and derive REIT qualifying income from traditional commercial arrangements with customers. If structured correctly, the REIT’s income from these assets and arrangements is treated as “rents from real property,” an important aspect of qualifying for REIT status under the Internal Revenue Code (IRS).

Tallgrass Sets Open Season for Pony Express Commitments

Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, announced a binding open season soliciting shipper commitments for crude oil transportation from Pony Express’ Sterling origin to destinations in Cushing, Okla., in exchange for volume incentive tariff rates. The open season will run to Jan. 29.

Saipem Wins Equatorial Guinea Pipeline Contract

Italy’s Saipem was awarded a contract in Equatorial Guinea worth $90-$100 million to build a 43 mile (70 km) subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said.

Moda Midstream to Evaluate New Pipeline as Part of Expansion

U.S. oil export terminal operator Moda Midstream said it has begun to enhance its Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to allow the docking of larger-sized vessels and is considering a new pipeline as well.

Germany Makes Legal Changes to Ease Nord Stream 2 Completion

Germany’s parliament approved changes to the law governing the Nord Stream 2 gas pipeline to make it compliant with European Union regulations, removing a hurdle to completion of the Russia-led project.

US Development Agency to Finance Mexico Natural Gas Pipeline

In one of the first actions of the new International Development Finance Corporation (DFC), the U.S. government investment organization is pledging more that $600 million to the Rassini natural gas pipeline to be built across southern Mexico.

Niger Looks to Step Up Oil Production with Pipeline to Coast

Niger began construction on a $7 billion oil pipeline that will reach the coast through West African neighbor Benin. The 1,232-mile (1,982-km) pipeline is Niger’s most important project since gaining independence.

Ohio Power Siting Board Approves Natural Gas Pipeline Route

The Ohio Power Siting Board (OPSB) approved a route for Duke Energy’s Central Corridor natural gas pipeline.

Transneft Extends Oil Transit Deal with Ukraine Operator

Ukrainian pipeline operator Ukrtransnafta said it has agreed to a 10-year oil transit extension with Russia’s Transneft.

Europe’s Newest Gas Link Could Weaken Gazprom Prices

Europe’s first new gas interconnector in a decade, linking Finland and Estonia across the Baltic Sea, will weaken Gazprom’s hold on the region and spark price competition, the pipeline’s owners said.

FERC Approves Site Prep for Tellurian’s Driftwood Project

U.S. energy regulators approved Tellurian Inc’s request to start site preparation work at its proposed $27.5 billion Driftwood liquefied natural gas (LNG) export project in Louisiana.

New US Energy Secretary Slams New York for Blocking Pipelines

New U.S. Energy Secretary Dan Brouillette slammed New York state regulators for blocking pipelines that would bring natural gas from Appalachia to New England but did not specify whether the Trump administration could do anything to push the projects forward.

EPIC Midstream Loads First Oil Tanker at New Texas Export Terminal

EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U.S. crude, EPIC President Brian Freed said in a mid-December interview with Reuters.

Billion-Dollar LNG Project in Southern Mozambique Expected in 2020

A final investment decision on a $3.15 billion LNG project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said after signing an agreement to develop the project.

Vessel Loadings Show Record US LNG Exports

U.S. exports of LNG set two consecutive records in October and November 2019, according to U.S. Energy Information Administration estimates. LNG exports averaged 5.8 Bcf/d with 52 exported cargoes in October and 6.3 Bcf/d with 55 exported cargoes in November, EIA reported, citing Bloomberg Finance shipping data.

Jordanians Protest Israeli Gas Deal

Hundreds of Jordanians demonstrated in downtown Amman on Friday, calling on the government to cancel an agreement in which Israel began pumping natural gas to the kingdom this year.

Plains Crude Pipeline Cancels Rates at Points Originating in Louisiana, Mississippi

Plains All American Pipeline has canceled tariffs on its reversed Capline crude oil pipeline for barrels previously originating at St. James, Louisiana, and Liberty, Mississippi, the midstream company said in a regulatory filing on Thursday.

US Now Boasts More Crude Export than Import Destinations

As U.S. crude oil export volumes increased to an average of 2.8 MMbpd in the first seven months of 2019, the number of destinations – including countries, territories, autonomous regions, and other administrative regions – that receive U.S. exports has also increased.

Long Time Coming: Power Of Siberia Delivers First Gas

The 1,865-mile (3,000-km) Power of Siberia $9 billion gas pipeline is set to become the longest transmission pipeline, east of the Ural Mountains, with its first delivery in mid-December. It will transmit 61 Bcm of natural gas a year from Irkutsk and Yakutia to Russia’s Far East, bringing vital energy for the economic development of the Russian side of the Amur River and onward.