Business News

Max Midstream Launches Open Season on Seahawk Pipeline

Seahawk Pipeline, a subsidiary of Max Midstream, is developing a crude oil pipeline in the Eagle Ford area from its Edna Terminal to the Seahawk Terminal in the Port of Calhoun, Texas, and wants to gauge shipper interest, the company announced.

APA Launches Australia's First Hydrogen-Ready Transmission Pipeline Project

Australia’s APA Group announced a landmark hydrogen pilot project to enable the proposed conversion of 43-kilometers (26.7 miles) of Parmelia Gas Pipeline in Western Australia into Australia’s first 100 percent hydrogen-ready transmission pipeline.

Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets

Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.

An Alberta Petrochemical Complex is at the Heart of Brookfield's Inter Pipeline Bid

Inter Pipeline Ltd's ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile C$7.08 billion ($5.64 billion) takeover from Brookfield Infrastructure Partners.

Kinder Morgan and Brookfield Sell Minority Interest in Natural Gas Pipeline Company of America

Kinder Morgan and Brookfield Infrastructure Partners agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America to a fund controlled by ArcLight Capital Partners for $830 million.

Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale

Occidental Petroleum Corp posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.

Brookfield Launches Hostile Bid to Buy Canada's Inter Pipeline

Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate.

Design and Engineering Starting for Oil Search’s Pikka Project in Alaska

Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.

Spain’s Reganosa to Operate Sardinia’s First LNG Terminal

Spain’s Reganosa won a contract to operate and maintain the first liquefied natural gas (LNG) terminal on the Italian island of Sardinia, the company announced.

Inter Pipeline Undecided on Strategic Options after Brookfield Offer

Canada's Inter Pipeline Ltd said no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.

Ford Shuts North American Plants due to Weather, Gas Supply Interruption

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.

Energy Transfer Upping NGL Investments as Oil Pipeline in Doubt

Energy Transfer LP executives said the company is deepening its investments in natural gas liquids (NGLs) as crude oil pipeline shipments decline and as the company faces the possible closure of its Dakota Access line.

TC Energy Profit Rises 13% on Earnings from U.S. Gas Pipelines

TC Energy Corp reported a 13.4% rise in fourth-quarter comparable profit on Thursday, partly helped by lower operating costs for its U.S. natural gas pipelines.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

CorEnergy Acquires Crimson’s California Pipeline Assets

CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million.

Saudi Aramco Prepares $10 billion Financing for Pipeline Business Buyers

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices.

Associations in the News

Associations  TPA  Shay Bluntzer, executive director of Public Affairs for NuStar Energy, has been elected chairman of the Texas Pipeline Association (TPA). In his role at NuStar, one of the largest U.S. independent liquids terminal and pipeline operators, Bluntzer has helped build the company’s..

Companies in the News

Companies  The ROSEN Group announced that it has joined the European Clean Hydrogen Alliance, which was launched by the European Commission last July as part of the EU strategies for energy system integration and hydrogen.  In a statement, ROSEN said, “As a company committed to helping operators o..

People in the News

People Poirier François Poirier was named president and CEO of TC Energy Corporation, succeeding Russ Girling, who retired. Poirier joined the company in 2014 as president, Energy East Pipeline, and most recently served as chief operating officer and presi..

Chevron Offers to Buy Out Noble Midstream

Now Noble Midstream's largest customer, Chevron said taking full ownership of the assets will help it streamline their governance and is in line with the producer's long-term interests.

CONSOLIDATION: Mergers and Acquisitions Embrace Oil Patch

Uncertainty begets caution, which can lead to indecision. In the oil patch this eventually can lead to mergers and acquisitions (M&A) or Chapter 11 bankruptcy filings.

Enterprise Products Misses Profit Estimates as Costs Surge

The COVID-19 pandemic has crushed global fuel demand and ended a boom in U.S. shale production, forcing pipeline companies that run oil from fields to refineries and export terminals to slash fees to ensure customers keep using their networks.

Germany’s Siemens Gutting Natural Gas Jobs Through 2025

Siemens Energy is cutting about 7,800 natural gas jobs until 2025, the company announced as part of its cost-saving initiatives.

Canada’s Pipetel Merges with Intero Integrity Services

Intero Integrity Services, backed by First Reserve, announced announce the completion of a merger with Pipetel Technologies, an innovative service provider to the gas utility industry specializing in robotic inline inspection of challenging pipelines.

EQT and Project Canary Launch Responsibly Sourced Natural Gas Pilot Project

EQT Corporation announced its commitment to a pilot project to demonstrate the production of responsibly sourced natural gas (RSG) for use in domestic and international energy markets.

NextEra Energy Posts Loss on $1.2 billion Mountain Valley Pipeline Charge

Mountain Valley pipeline, which stretches from West Virginia to Virginia, is one of the several oil and gas pipelines delayed in recent years by regulatory and legal fights.

INGAA Board Elects DTE Midstream Exec Chairman

The board of directors of the Interstate Natural Gas Association of America (INGAA) elected David Slater to serve as chairman of the organization for a one-year term.

DTE Midstream Aims for Net Zero Carbon Emissions by 2050

DTE Midstream announced its goal to achieve net zero greenhouse gas emissions by 2050 with 30% of this carbon emissions reduction in the next decade.

Solar Plant to Directly Power Major Pipeline Compression Station

Sustainable infrastructure company Merit SI has completed development and construction of the first solar power plant in the U.S. designed to directly help power an interstate natural gas pipeline compressor station.

Bankruptcies, Restructurings, Mergers Likely to Continue in 2021

The confluence of 2020's events led to a series of bankruptcies and restructurings under the weight of heavy debt loads while operating in one of the worst industry downturns in history.