Business News

Con Edison Seeks Expanded Pipeline Capacity via Compressor Upgrades

Con Edison said today that it has reached agreement with the owners of an existing natural gas pipeline that serves Con Edison’s facilities in Westchester County for additional natural gas capacity. Once completed, this reasonable, low-impact solution will provide Con Edison with the natural gas capacity needed to lift the current moratorium on new gas hookups in Westchester County.

Apache Corp Halting Permian Gas Production Due to Lack of Pipelines

Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices.

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.

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.

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.

Investing in People to Unlock Power in Your Data

While energy leaders feel optimistic about 2019, many are facing the challenge of how to maximize their technology. Big data may be revolutionizing other industries, but its potential has yet to be unlocked by most energy companies.

New AGA Chair Stresses Raising the Bar on Safety

Togerson When James Torgerson was studying accounting at Cleveland State University in Ohio, he was working full-time to pay his way, driving a tractor-trailer rig hauling steel. It was tough, but it led to a position with the Diamond Shamrock C..

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.

Nord Stream 2 Officials Optimistic Denmark Will Approve Pipeline Proposal

The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 110-mile stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday.

TechnipFMC Awarded Significant Johan Sverdrup Subsea Contract

TechnipFMC has been awarded a significant Subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters.

U.S. Shale Boom Drawing Big Oil Back to Permian Pushing Out Independents

Major oil companies are pouring money and resources back into the Permian after new shale discoveries and improvements in technology will enable the U.S. to quickly become the world's second largest oil producer behind only Saudi Arabia.

Enduro Composites

Enduro Composites sold the assets of its pipe and tank product line located in Pearland, Texas, to Endurance Composites, an Andronaco Industries company. All other product lines, including its Freeport, Texas, field services group have been retained...

PG&E Corporation

PG&E Corporation provided the California state required 15-day advanced notice the company will be reorganizing under Chapter 11 bankruptcy. PG&E said it expects the move will expedite the “fair and expeditious resolution of its potential liabilities” result..

TransCanada Corp.

TransCanada Corp., the company behind the Keystone XL oil pipeline, is changing its name to TC Energy. If approved by shareholders and regulators, the name change will occur in the second quarter. The stock ticker “TRP” will not change...

CDI

CDI CDI introduced the SoniTrack XLR, an acoustic geophone pipeline pig tracking system that includes a computer-controlled audio amplifier. This allows an operator to easily listen for pigs moving within a pipeline over several miles. In addition to industry-standard head..

U.S. Energy Information Administration Forecast Continued Growth of Natural Gas Production and Export

The 2019 Annual Energy Outlook (AEO2019) Reference case produced by the U.S. Energy Information Association (EIA) shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

Serbia's Gastrans Invites Binding Bids for New Gas Link

Serbia's Gastrans has invited binding bids to book capacity at a planned section of Gazprom's TurkStream pipeline, which will carry Russian natural gas across Serbia to Europe.

TPG Capital Announces Acquisition of Goodnight Midstream

TPG Capital, the private equity platform of global alternative asset firm TPG, announced today it has signed a definitive agreement to acquire a majority stake in Goodnight Midstream, a leading midstream produced water infrastructure company, for approximately $930 million. TPG is acquiring the company from Tailwater Capital and private investors. Existing shareholders, including management, will retain a significant minority interest in the company.

Three Groups Bid to Build $1.6 Billion Gas Pipeline in Bulgaria

Three consortiums have submitted bids in a 1.4 billion euro ($1.6 billion) tender to build a pipeline to carry Russian natural gas across Bulgaria, state-owned network operator Bulgartransgaz said on Thursday.

Panhandle Eastern Capacity Reduced by Missouri Pipeline Blast

Energy Transfer said it has reduced mainline capacity on its Panhandle Eastern Pipe Line system after a fiery rupture downstream of its Centralia Compressor Station. The blast caused no serious injuries, but power to several homes was interrupted, authorities said.

Hess Midstream to Acquire Tioga Gathering System

Hess Midstream Partners subsidiary Hess North Dakota Pipelines agreed to purchase the crude oil and gas gathering assets of Summit Midstream Partners’ Tioga Gathering System for about $60 million gross – $12 million net to Hess Midstream.

Associations in the News

Marty Durbin, executive vice president and chief strategy officer of the American Petroleum Institute (API), stepped down from the prominent oil industry group after 10 years. He said plans to continue in the policy and political realms. Brown Sam Brown, C..

People in the News

People in the News Chesapeake Utilities Corporation appointed Jeffry M. Householder, currently president of the company’s Florida business unit, as its president and CEO. He replaced Michael P. McMasters, who announced his retirement in September and will continue as a board member. Householder wil..

Gazprom Seeks Bigger Share of European Gas Market after Record Exports

Russia's Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe's gas output combined with rising demand.

Some Companies Losing Hope for U.S. Tariff Exemptions

Pipeline companies and other U.S. steel and aluminum importers who applied for tariff exemptions last year are losing hope for Commerce Department approval, as the recent government shutdown has added to their long wait for a ruling.

Global News

Eni’s Indonesia Gas Project may Start Up in 2021   Indonesia’s deputy energy minister said Eni aims to start output of natural gas in 2021 from its offshore Merakes project, which includes construction of subsea systems and pipelines to transport production to a floating production unit (FPU) appro..

IPLOCA

Andy Ball, Doug Evans, Criss Shipman and Fatih Can at IPLOCA’s conference. IPLOCA honored Gulf Interstate Engineering (GIE) the Excellence in Project Execution Award during the association’s recent annual conference in London. The honor recogniz..

  • 1
  • 2
  • ... 2 pages