Business News
Enagas First-Half Net Profit Falls on Lower Fees in Spain
Spanish gas grid operator Enagas said its first-half net profit fell 9.8% to 213 million euros ($251.28 million) after a change of regulations in 2020 forced it to charge lower fees in Spain.
Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid
Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.
Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes
Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.
People in the News July 2021
Glaeser Scott Glaeser has joined Burns & McDonnell, where he will start up and lead a pipeline integrity practice within the Transmission & Distribution (T&D) Group. Over a career spanning nearly 35 years, Glaeser has served in a number of officer roles ..
What's New July 2021
Vermeer Vermeer expanded its horizontal directional drilling (HDD) fluid management equipment line with the new R600T reclaimer. The new 600-gallons/minute (2,271-liters/minute) mud recycling system can pair with maxi rigs pumping between 300 and 600 gal..
Companies Merge Technologies to Enhance Pipeline Integrity
Pipetel Technologies and Intero Integrity Services merged in January, combining the two inline inspection companies, each with a track record of innovation in the space of unpiggable pipeline inspection.
Pembina Pipeline Reaffirms Existing Transaction to Purchase Inter Pipeline
Pembina Pipeline Corporation confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. pursuant to the arrangement agreement signed by the parties.
Pipeline Operator Kinder Morgan to Buy Kinetrex Energy in Green Energy Push
Pipeline operator Kinder Morgan said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green energy amid investor pressure to tackle climate change.
Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System
Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.
Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion
Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
Williston Basin Petroleum Conference: Talking to Two Titans in the Oil Patch
In mid-May this year, Harold Hamm found himself back in North Dakota as one of the keynote presenters at the Williston Basin Petroleum Conference, listening to another fellow energy industry billionaire Kelcy Warren, CEO of the sizable interstate pipeline operator, Dallas-based Energy Transfer Partners LP.
Midcoast Energy Starts Commercial Operation of Expanded CJ Express Pipeline
Siemens Energy technology will help increase the CJ Express pipeline’s transmission capacity from the East Texas supply areas to Gulf Coast demand centers to approximately 1 billion cubic feet per day.
Republic of Panama, Energy Transfer Studying Potential Trans-Panama Gateway Pipeline
The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.
Ecopetrol Reports Recovery of Operations After Stabilization in Colombia
Ecopetrol reported the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the company had observed because of restrictions on mobility.
Petrobras' Albacora Seen Drawing At Least Three Buyers
Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.
Saudi Aramco Drops Morgan Stanley on Gas Pipelines Deal
Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.
Merkel Reassures Ukraine on Gas Transit Before Talks with Biden
Ukraine can be confident that Germany and the European Union will guarantee its status as a transit country for Russian gas even after the Nord Stream 2 pipeline has opened, German Chancellor Angela Merkel said on Monday.
Tellurian Terminates Total Agreement on Louisiana Driftwood LNG Plant
U.S. LNG developer Tellurian Inc said on Monday it terminated a stock purchase agreement with a unit of French energy major TotalEnergies SE related to Tellurian's proposed Driftwood LNG export plant in Louisiana.
Company Exploring Options for Potential Gas Pipeline in Virginia
Chickahominy Pipeline LLC sent letters to residents throughout five counties in Virginia seeking permission to access their property to determine the feasibility of building a 24-inch gas pipeline.
Dominion Energy, Berkshire to Terminate Questar Pipelines Deal
Dominion Energy abandoned the sale of a natural gas pipeline to a unit of Warren Buffett's Berkshire Hathaway because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.
China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.
Malaysia's Petronas Agrees 10-year LNG Supply Deal with CNOOC Valued at $7 Billion
Malaysia's state oil firm Petronas has signed a 10-year LNG supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.
Oasis Midstream Announces Johnson's Corner Gathering Pipeline System Open Season
Oasis Midstream Partners today announced that Bighorn Devco LLC is commencing a binding open season for the Johnson's Corner Gathering System Project, a crude oil gathering pipeline system to be constructed in McKenzie County, North Dakota.
Williams Announces Upstream Operator and Joint Venture in the Wamsutter Field
NGL volumes from each of the legacy upstream assets will be combined and dedicated to Williams, adding transportation volumes on Overland Pass Pipeline and Bluestem, and increasing downstream fractionation volumes at attractive rates.
Inter Pipeline Files Joint Information Circular in Support of Combination with Pembina
Inter Pipeline Ltd. has filed a joint information circular and related materials for its virtual-only 2021 annual and special meeting of shareholders to be held on July 29 in connection with the proposed strategic combination with Pembina Pipeline Corporation.
Oman State Energy Firm OQ May Sell Drilling Business
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.
Shell Opens 10 MW German Hydrogen Electrolyzer to Boost Green Fuel Output
Royal Dutch Shell launched Europe's biggest hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery after two years of construction, as it expands further into alternative energies.
Energy Trader Mercuria Posts Record Profit for Volatile 2020
Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.
Shell Plans to Exit California Joint Venture with Exxon Mobil
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
Tellurian Signs Long-Term Lease with the Port of Lake Charles
Tellurian Inc. announced its wholly owned subsidiary, Driftwood LNG, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in Sulphur, Louisiana.
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
