Business News

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..

Krohne

Krohne Unveils New Calibration Facility The Krohne ribbon-cutting in Beverly, Mass. Krohne opened its new flow and level instrument manufacturing and calibration facility in Beverly, Mass. With a ribbon-cutting ceremony and tours of the manufac..

Weldbend

Weldbend Begins Installation of ‘Biggest’ Tee-Press Michael Hammer, Mike Rowe, Kevin Coulas and Jimmy Coulas during a tour of the Weldbend manufacturing facility near Chicago. (Photo: Wellbend) Weldbend Corporation, manufacturer of carbon steel..

Canada Gives Struggling Oil Sector C$1.6 Billion Boost

The Canadian government will spend C$1.6 billion ($1.19 billion), mostly through loans, to assist the country's oil and gas industry, which has struggled to move energy to U.S. markets due to full pipelines.

Brookby Named VP Data Sales for Energy Web Atlas

Energy Web Atlas names Harry Brookby as Vice President of Data Sales

Petroleum Economist Announces 2018 Award Winners

Honoring the global energy industry's most successful firms, projects and innovations, Petroleum Economist announced the winners of its 2018 Petroleum Economist Awards in 18 categories. Additionally, five individuals received awards for outstanding industry contributions.

Permian Pipeline Constraints Push Waha gas to 25 Cents

Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in Texas tumbled almost 80 percent to their lowest on record because of limits on the amount of gas that can move out of the region by pipeline.

Bakken Oil Flows Pressure Gulf Coast Crude Grade Prices

Crude flowing from North Dakota's Bakken shale is taking a larger share of the U.S. Gulf Coast market, siphoning demand from refiners and exporters for local grades, traders and brokers said.

Trio of Regions Drive U.S. Natural Gas Production Growth

Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months it has been more than 10% higher, driven by production in the Appalachian Basin, Permian Basin and Haynesville Shale.

Clogged Pipelines Cut Canada’s Oil Price; Small Producers Shift Strategy

Small Canadian oil producers are striking complex deals with refineries, diversifying production and seeking marketing help as they try to soften the blow from record price discounts on heavy crude generated by pipeline congestion.

Dominion Energy to Buy Rest of Dominion Energy Midstream Partners

Dominion Energy said Wednesday it offered to buy the rest of Dominion Energy Midstream Partners in an all-stock deal, valuing the company at about $2.2 billion.

Apache, Kayne Anderson Form $3.5 Billion Permian Basin Pipeline Firm

U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that will operate in the largest U.S. shale field, the companies announced on Wednesday.

EagleClaw Midstream to Buy Rival Caprock for $950 Million

EagleClaw Midstream Ventures said on Wednesday it will buy rival Caprock Midstream Holdings for about $950 million, strengthening its presence in the oil-rich Permian Basin.

Energy Execs Lament Trump Tariffs as Costs Rise on Pipeline Projects

U.S. President Trump’s proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises.

Apache, Kayne Anderson Form $3.5 Billion Permian Basin Pipeline Firm

U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that will operate in the largest U.S. shale field, the companies announced.

Energy Web Atlas Launches World Pipeline Dataset

Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, announced Tuesday the introduction of the World Pipeline layer to the Energy Web Atlas (EWA).

Companies in the News

The 10,000th machine delivered to its destination Michels Corporation received the 10,000th machine assembled and delivered by Caterpillar Hydraulic Excavator Facility in Victoria, Texas. According to Cat equipment dealer PipeLine Machinery Inte..

France to Allow Private Investors to Buy into GRTgaz Gas Grid

France will allow gas utility Engie to sell part of the main French gas grid, GRTgaz, to private investors, according to a planned parliamentary bill, as the government eyes a series of possible privatizations to boost the economy.

Brazos Midstream Holdings

Brazos Midstream Holdings entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II and related funds for $1.75 billion in cash.

Partners Group

Partners Group, a private markets investment manager, acting on behalf of OPTrust, a Canadian pension fund, agreed to acquire a 50% joint control stake in Superior Pipeline Company.

Concho Resources

Concho Resources will buy West Texas rival RSP Permian for $9.5 billion in a merger creating the largest shale driller in the Permian.

Prometheus Energy

Prometheus Energy completed a four-month winter peaking service to augment National Grid’s distribution network in Rhode Island.

Alliance Pipeline

Alliance Pipeline announced Enbridge and Pembina Pipeline, each of which owns either directly or through affiliates, 50% of Alliance, have decided to convert the operation and administration of Alliance Pipeline into an owner-operator model.

Nicor Gas

Nicor Gas, the largest natural gas distribution company in Illinois, has chosen Sensus as the technology provider for its meter modernization program.

Buckeye Partners

Buckeye Partners announced an $80 million expansion of the Chicago Complex, its key logistics hub in the Midwest.

Smart Sand

Smart Sand acquired the rights to operate a unit train capable transloading terminal in Van Hook, N.D., to service the Bakken formation.