Business News
Associations in the News October 2021
George Hamilton has joined the National Utility Contractors Association to lead its membership and chapter development programs. Hamilton previously led the membership department for the International Association of Business Communicators and served as marketing and membership manager at CFRE Intern..
Companies in the News October 2021
Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..
People in the News October 2021
McAnally ONE Gas Inc. announced Robert S. McAnnally has been named president and CEO and joined the company’s board of directors, succeeding Pierce H. Norton II, who is now president and CEO of ONEOK Inc. McAnnally has been with ONE Gas for six years, initi..
What's New October 2021
Vermeer Vermeer upgraded its truck-mounted vacuum excavator line with the new VXT300 truck vac, which is outfitted with an 8-cubic-yard (6.1-cubic-meter) spoil tank, 6-inch (15.2-cm) dig tube and the ability to carry up to 800 gallons (3,028 L) of water s..
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
Isolation Enables Operator to Replace, Pressure Test Pipeline
T.D. Williamson completed its first SmartPlug isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Dominion to Sell Questar Pipeline to Southwest Gas in Near $2 Billion Deal
Dominion Energy said on Tuesday it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion.
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal to Tap Surging Gas Demand
Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct. 1. Excluding Teekay's debt, the deal is for $1.5 billion, and the companies expect to close the deal by the end of 2021.
Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market
Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.
Former PetroChina Executive Under Probe for Suspected Graft
Ling Xiao, who resigned last month from his position as a vice president of PetroChina, had been a PetroChina veteran long responsible for company's natural gas pipeline and marketing business.
SoCalGas Testing Hydrogen Blending in Infrastructure and Appliances in Closed Loop System
Technicians are measuring the performance of common household appliances like stoves, wall heaters and forced-air furnaces when they are fueled with a blend of hydrogen and natural gas.
Bolivia’s YPFB Transporte to Boost Gas Pipelines Capacity
YPFB Transporte S.A.’s objectives for 2021 are to increase natural gas production and meet the growing demands of the domestic market, such as respecting the contracts with Brazil and Argentina.
Baker Hughes and Primus Line Collaborate to Rehabilitate and Repurpose Existing Pipelines
Baker Hughes signed a memorandum of understanding with Primus Line to collaborate on non-metallic pipe applications to rehabilitate and repurpose existing pressure pipelines.
Tallgrass to Track, Measure Emissions on U.S. Interstate NatGas Pipeline
Tallgrass Energy Partners will begin monitoring emissions, including methane and other greenhouse gases, on its Rockies Express Pipeline, making it the first U.S. company to do so an interstate natural gas pipeline.
Trapil Adapting French Pipeline for Low-Carbon Fuel Transport
Trapil, a French refined product pipeline transport company, is strengthening its commitment to the energy transition by adapting one of its pipelines to facilitate transport of low-carbon liquid fuels such as bioethanol.
Vitol CEO Sees Global Gas Market Set for Reasonably Bullish 5-Year Outlook
Global gas prices are at "extreme levels" due to low inventories and strong demand in Europe and China, and the market is set for a reasonably bullish five-year outlook, said Russell Hardy, CEO of Vitol.
Sources Say U.S. Gas Producer Gulfport Energy Explores Sale
Gulfport is currently seeking to renegotiate two contracts with pipeline companies. Scrapping them could help it save money.
Tennessee Gas Pipeline, Southwestern Energy Announce Methane Emission Reduction Plan
Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, and Southwestern Energy announced the initiation of a responsibly sourced natural gas strategic agreement, which should further reduce methane emissions across the natural gas value chain.
ROSEN to Study Hydrogen Pipeline Transportation with Expanded Material Testing Capabilities
ROSEN Group is expanding its existing material testing capabilities and dedicating a separate section to the topic of hydrogen to help ensure the hydrogen economy will have the safe and efficient infrastructure it will need to function.
Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips
Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.
Group of EU Lawmakers Seeks Probe of Gazprom's Role in Gas Price Surge
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom's role in soaring European gas prices, saying the company's behavior had made them suspect market manipulation.
Enbridge Fined $3.32 Million for Failings in Line 3 Replacement Project
The Minnesota Department of Natural Resources fined Enbridge Inc. $3.32 million, citing the Canadian company's failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement.
Carbon Capture and Storage Gains Wide Industry Support in Houston
Eleven companies have agreed to begin discussing plans that could lead to capturing and safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.
Spire Gets More Time to Operate Missouri St. Louis NG Pipeline
U.S. natural gas company Spire Inc. got permission from federal regulators on Tuesday to keep operating its STL natural gas pipeline in Missouri for another 90 days while regulators consider the next steps for the pipe.
Kinder Morgan, Neste to Retrofit Tank and Piping for Green Fuels Feedstocks
Pipeline operator Kinder Morgan Inc. plans to convert some Louisiana tank and piping infrastructure to hold used cooking oil and other feedstocks for Finnish renewable-fuels giant Neste, the companies told Reuters.
Chevron, Enterprise Explore Carbon Storage Business Opportunities
Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.
U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy
Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
