Companies

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..

Companies in the News September 2021

Corrosion prevention and sealing products manufacturer Winn & Coales International (Denso) acquired the global Viscotaq business, including Amcorr Products and Services, which formulates and manufactures viscoelastic protective coating technology.    The patented Viscotaq product range provides sel..

Line 3 Pipeline Approaches Completion after Court Ruling

Enbridge's Line 3 replacement project is nearing completion after successfully defending another legal challenge last week, when the Minnesota Supreme Court decided it would not hear an appeal from opponents who sought to overturn regulatory approval.

Companies in the News August 2021

Peak Utility Services Group, a provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, has acquired Superior Pipeline Services (SPS), a natural gas utility services contractor.    Denver-based Peak provides maintenance, repair, upgrade and insta..

Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects

Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.

Customers Signing Long-Term LNG Deals Again – Cheniere

LNG company Cheniere Energy said customers are starting to sign long-term contracts to buy LNG again, noting that market dynamics continue to support its long-term growth expectations for natural gas worldwide

Eni to Deliver Carbon Neutral LNG Cargo to Taiwan's CPC

Italian energy group Eni said it has reached an agreement with Taiwan's CPC Corporation for the delivery of a carbon-neutral LNG cargo to CPC at the Yung An receiving terminal in Taiwan.

Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility

Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico

Companies in the News April 2021

Companies  Chevron U.S.A. and Brightmark expanded their joint venture to produce and market renewable natural gas (RNG) from dairy biomethane projects across the United States.   Subsidiaries of their RNG joint venture currently own RNG projects in Western New York, Western Michigan, Central Flor..

Companies in the News March 2021

The Collins Companies, one of the largest privately held industrial distributors of pipe, valves and fittings (PVF) and engineered specialties serving the Northeast, announced it has acquired the assets of Niagara Controls in Buffalo, N.Y. and consolidated its management with Collins’ Niagara Divisi..

Duke Energy Begins Replacing Aging Gas Pipeline

Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the city of Cincinnati.

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.

Magellan Midstream, Enterprise Combine to Develop Houston Oil Futures Contract

The midstream infrastructure companies said the project is in response to market interest for a Houston-based index with greater scale and price transparency.

Companies

NuStar Energy announced that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale in November.  For the second consecutive year, New Jersey Resources has been named one of America’s Most Responsible Companies by ..

France’s Total Dropping API Membership Over Climate, Political Differences

Total assesses the main industry associations of which it is a member to ensure they are aligned with the Group’s climate positions and found key differences with the American Petroleum Institute.

Quest Integrated, Quanta Inline Merge to Form Inspection, Integrity Management Company

The combined company will operate under the brand "Qi2 Elements" and forms the foundation for developing a new technology-driven industry leader in providing storage tank and pipeline inspection and integrity management services.

Hilcorp Unit Completes BP Alaska Acquisition

Privately held Hilcorp Energy's unit completed a $5.6 billion acquisition of BP's business in Alaska, taking over the region the British oil major had operated in for 60 years.

Court Approves Williams' Deal with Bankrupt Chesapeake

A bankruptcy court has approved Williams' agreement to take ownership of some Chesapeake Energy assets in exchange for accepting lower gas gathering fees.

Eni Lifts Force Majeure on Nigeria's Brass River Crude Exports

taly's oil major Eni said it was lifting force majeure on Nigeria's Brass River crude oil exports on Wednesday after pipelines had been repaired following sabotage.

Phillips 66 Lowers 2021 Spending Budget

U.S. oil refiner Phillips 66 on Monday set its 2021 capital budget at $1.7 billion, around 43% lower than forecast for the previous year, as the energy industry struggles to recover from the blow of the COVID-19 pandemic.

Pinnacle Midstream II Plans Gathering, Compression System in Midland Basin

Pinnacle Midstream II on Tuesday said it has signed a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy that anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin.

Husky Energy Shareholders Approve Sale to Cenovus

Husky Energy Inc said on Tuesday its shareholders approved the company's merger with rival Cenovus Energy Inc to create Canada's No. 3 oil and gas producer,

North Sea Could Shift from Oil Reservoir to CO2 Storage - Total CEO

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.

TC Energy to Acquire TC PipeLines in $1.68B Deal

TC Energy Corp said on Tuesday it would acquire all outstanding shares of TC PipeLines LP in a deal that values the natural gas pipelines operator at about $1.68 billion.

Nigerian Shell Employees Damaged Pipelines for Profit - Dutch TV

Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on clean-up operations, Dutch investigative TV program Zembla reported.

Eni Looking to Sell Assets in Pakistan - Sources

Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas portfolio following a strategic re-shake this year, sources close to the matter said.

Midwest Refiners to Pipe More Fuel to East Coast, Pressuring Plants

U.S. Midwest refiners are gearing up to pipe more gasoline and diesel to East Coast buyers, hoping to fill a void created by refinery closures and cutbacks, but likely to add pressure to regional fuel producers.

Kinder Morgan Sees Higher Income in 2021, Raises Dividend

Kinder Morgan Inc said on Tuesday it expects to generate higher income in 2021 and raised its annual dividend, as the pipeline operator cost cuts this year in the face of oil demand destruction.

Enbridge Expects Higher Pipeline Volumes, Rates in 2021

Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year.

Magellan Midstream Tank Explosion Injures 7 in Corpus Christi

Seven Magellan Midstream Partners employees were injured, four critically, when a storage tank at a Magellan plant in Corpus Christi exploded after catching fire Saturday morning, according to deputy Fire Chief Richie Quintero.