Business News
What's New March 2021
Logan Industries Logan Industries offers marine scrubber repair and servicing at its new pressure vessel heat exchanger (PVHEX) facility in Hempstead, Texas. The facility, designed and engineered to e-produce scrubbers for the petrochemical, marine, ocean transport, chem..
Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up
Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.
Baker Hughes Offers Composite Flexible Pipe for Onshore Pipelines
Baker Hughes launched of its Onshore Composite Flexible Pipe to address the corrosion and cost of ownership challenges with conventional steel pipe for the energy, oil and gas and industrial sectors.
Two-Part Epoxy Deemed Best for Pipeline at Saltwater Channel
Polyguard Products entered the liquid corrosion coating industry in the past decade, where two-part epoxy is a typical choice for most pipeline field coating repairs due to its ease of application and exceptional performance characteristics. Polyguard developed NHT-5600 with those things in mind.
SBS Energy Sets Record in GOM Decommissioning Project
SBS Energy Services (SBS) completed a multiphase project to decommission 29,000 feet (8,839 meters) of 10-by-6-inch (254-by-152-mm) insulated pipeline in the Gulf of Mexico (GOM) in partnership with Helix Energy Solutions, setting a new offshore snubbing unit/hydraulic workover world record.
Using Remote Monitoring to Evaluate Pipeline Lightning Immunity
While lightning itself does not cause corrosion, the damage it creates to a pipe’s walls, coatings and cathodic protection (CP) system can leave a pipeline vulnerable.
Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid
Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.
Ancala Midstream Gets Lundin Energy Norway Contract for Gas Transportation, Processing
Ancala Midstream Acquisitions secured a life-of-field contract to transport and process gas from the Solveig field in the Norwegian sector of the North Sea.
Black Bear Transmission Sells Alabama Gas Gathering Assets
The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.
Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market
German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) on the Frankfurt stock exchange in the first quarter to accelerate growth in the hydrogen market, its biggest shareholder said.
Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal
Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.
Canadian Natural Resources Beats Profit Estimates
Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.
Ameren Upgrading Natural Gas Pipeline in Illinois
Ameren Illinois customers in Champaign will see energy at work throughout the spring and summer as crews replace vintage steel pipeline and natural gas services with modern, corrosion-resistant polyethylene material.
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..
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
