Business & Markets

Buckeye Partners to be Acquired for $10.3 Billion

Buckeye Partners, which owns and operates one of the largest diversified networks of integrated midstream assets in North America, has agreed to be aquired by IFM Investors in an all-cash transaction with an enterprise value of $10.3 billion.

Petrobras To Sell Minority Stakes in Gas Pipelines

In line with the government’s proposal to reduce the state monopoly in the gas sector, Petrobras decided to put up for sale the remaining stake in the country’s two main gas pipelines, whose control was recently transferred to private partners.

New INGAA Report Highlights Importance of Natural Gas to a Lower-Carbon Economy

Natural gas will remain a significant contributor to the energy portfolio and to economic growth in the United States over the next two decades, playing a key role in meeting low-carbon goals, a new study commissioned by the INGAA Foundation finds.

Howard Energy Plans New Gathering System in STACK Play

Howard Energy Partners announced yesterday that it has executed an agreement with a major North American oil and gas producer to construct, own and operate a new natural gas gathering system located in the over-pressured area of the prolific STACK play. HEP’s new midstream infrastructure will be anchored by fee-based, long-term acreage dedications totaling approximately 10,000 acres in Dewey and Custer counties in central Oklahoma.

Marathon Petroleum Combines Midstream Operations for $9 Billion

Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion.

Finland-Estonia Balticconnector Gas Flows Estimate Set

A gas pipeline in the Baltic Sea that is due to start operation early next year will begin with a capacity of between 97MMcf and 133MMcf per day from Estonia to Finland, Estonian partner Elering said on Tuesday.

Iraq Close to Signing $53B deal with Exxon, PetroChina

Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.

Report: Blaze Engulfs 2 Iranian Pipelines, 5 Workers Injured

Iran's official IRNA news agency says firefighters have brought under control a blaze that engulfed two oil and gas pipelines in southwestern, oil-rich Khuzestan province.

Alliance

Alliance Sensors Group introduced the SS-7 series linear variable inductive transducer (LVIT), designed for subsea environments. The transducer is embedded into a hydraulic cylinder and uses the gun-drilled piston rod as a target, sensing its position without the need for a magnet. The SS-7 Series c..

Tellurian Holds Open Season for Permian Global Access Pipeline

Tellurian subsidiary Permian Global Access Pipeline is conducting a binding open season to secure prospective shippers for its proposed Permian Global Access Pipeline (PGAP) project. PGAP is a proposed 42-inch interstate natural gas pipeline originating at the Waha Hub in Pecos County, Texas, and t..

Argentina Plans Vaca Muerta Production Boost, Pipeline Buildout

Argentina’s energy minister reiterated his country’s commitment to build infrastructure and boost output of natural gas, citing plans for a new 22 MMcm/d pipeline from the Vaca Muerta shale producing region to Buenos Aires. Minister Gustavo Lopetegui said at a Houston news conference that Argentina..

Moda Decision Could Ease Stress of 3 New Pipelines

Moda Midstream is considering building a second berth at its Ingleside, Texas, crude export terminal to accommodate supertankers, the company’s chief executive said. The expansion to the terminal that loads oil tankers will come as three major pipelines open in the second half of this year, CEO Bo ..

UK Oil and Gas Authority Releases Data on Over 3,000 Pipelines

The United Kingdom Oil and Gas National Data Repository (NDR) has been launched with more than 130 terabytes of data covering thousands of pipelines, offshore wellbores, and seismic surveys going back more than 50 years.  The repository comes from the Oil and Gas Authority (OGA), which hopes the re..

Anadarko Backs Oxy's Revised Bid, Pressuring Chevron to Respond

Anadarko Petroleum Corp's board has backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.

Hard Rock Completes Rio Grande Directional Drill

By Jeff Griffin, Freelance Energy Writer Every long horizontal directional drilling (HDD) installation has something that sets it apart from other projects, but not many involve crossing international boundaries. The site where a steel gas line was i..

Williams Receives FERC Certificate Authorizing Northeast Supply Enhancement Project

Williams today reported that FERC has issued a certificate of public convenience and necessity authorizing the Northeast Supply Enhancement project – an expansion of the existing Transco natural gas pipeline designed to serve New York markets in time for the 2020/2021 winter heating season.

INGAA Foundation Chair Victor Gaglio Shares Positive Industry Outlook

A senior vice president and chief operating officer for Piedmont Natural Gas, Duke Energy’s natural gas business unit, INGAA Foundation Chairman Victor Gaglio is responsible for leading gas utility operations. Gaglio joined Piedmont Natural Gas in 2012 and was responsible for Utility Operations prio..

Marcellus, Utica Plays Offer Unlimited Promise, Nagging Questions

At the end of 2018, when the U.S. Energy Information Administration (EIA) released its latest (2017) statistics on proved oil and natural gas reserves, the United States producers were leading the world, and the Marcellus Shale play in Pennsylvania was leading the nation. Both Marcellus and Utica s..

Tellurian Announces Binding Open Seasons for Two Proposed Pipelines

Tellurian announced today separate binding open seasons on two proposed pipelines that will connect areas of constrained shale production and debottleneck natural gas pipeline infrastructure, further enabling the rapidly growing industrial market in Southwest Louisia​na.

Trans-Adriatic Pipeline Crosses Albanian Rocky Mountains

The Trans-Adriatic Pipeline (TAP) has crossed the rocky mountains of Albania, putting it on track to start delivering gas to Europe next year.

AGA Kicks off Operations Conference, Exhibition in Nashville

The 2019 AGA Operations Conference kicked off in Nashville on Monday with the presentation of Awards of Merit to its members who have demonstrated outstanding leadership and service.

Plains All American fined $3.3M for California Oil Spill

Plains All American Pipeline was fined nearly $3.35 million for a 2015 California coastal oil spill caused by the rupture of a corroded pipeline.

Occidental Petroleum Submits $57 Billion Bid for Anadarko, Topping Offer From Chevron

Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp's $50 billion offer and setting up the first hostile takeover battle for a major oil company in years.

New Cogent Pipeline to Connect Processing Complex to GCX

Cogent Midstream said it plans to build a new 400 MMcf/d pipeline to deliver residue gas from its Big Lake Natural Gas Processing complex in the Midland Basin to the Gulf Coast Express Pipeline (GCX).

Bayou Bridge Launches Open Season for Expanded Joint Tariff Service

Bayou Bridge Pipeline has launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.

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.