Companies
Marathon Petroleum Explores $15 billion MPLX Asset Sale — Sources
Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.
Brazil's Petrobras to Begin Sales Process for NTS Pipeline Stake: Executive
Brazil’s state-run oil firm Petroleo Brasileiro SA will begin the process this month to sell its 10% stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), according to Anelise Lara, the oil company’s director of gas and refining.
Enbridge Hires Companies to Design, Build Great Lakes Tunnel
Enbridge Inc. said Friday it has hired companies to design and build a disputed oil pipeline tunnel beneath the channel linking Lakes Huron and Michigan, despite pending legal challenges.
Tellurian Looking to Cut Costs Amid Weak LNG Demand
Liquefied natural gas (LNG) producer Tellurian Inc said on Monday that it planned to cut spending and was seeking to extend the maturity date of a loan, as it looks to cope with weak demand and low prices for the fuel.
Energy Transfer Announces Supplemental Open Season for Bayou Bridge Pipeline System
Energy Transfer subsidiary, Bayou Bridge Pipeline has launched a Supplemental Open Season to solicit additional shipper commitments for transportation service from Nederland, Texas to Lake Charles, Louisiana through the Bayou Bridge Pipeline System.
ONEOK to Expand Elk Creek Pipeline
ONEOK has announced plans to expand two of its natural gas pipelines by the end of Q1 2020, including the Elk Creek Pipeline.
Trafigura, Phillips 66 Form JV for Deepwater Texas Oil Port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
EQT Corp Sells Half Its Stake in Pipeline Operator, Strikes Rate Relief Deal
EQT Corp said on Thursday it renegotiated its gas transportation rates and sold half its stake in pipeline company Equitrans Midstream Corp as the largest U.S. natural gas producer tries to cope with low fuel prices.
Eversource to Acquire Columbia Gas of Massachusetts Assets for $1.1 Billion
Eversource Energy announced that it has reached an agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion from NiSource.
Williams Seeks to Raise $5 Billion by Selling Stake in Pipelines - Sources
Williams Companies is seeking a partner to invest in a network of its pipelines in the western United States, a deal that could raise close to $5 billion for the Tulsa, Oklahoma-based company, people familiar with the matter said.
Enbridge to Purchase Rio Bravo Pipeline from NextDecade
NextDecade Corporation and Enbridge announced that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC from NextDecade.
Dominion to Buy Southern's Stake in Atlantic Coast Pipeline
Dominion Energy said this week it agreed to buy Southern Co’s stake in the roughly $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which is expected to enter service in early 2022.
NextDecade’s Rio Grande LNG Receives Non-FTA Export Authorization
NextDecade Corporation has announced that the U.S. Department of Energy has issued an order granting authorization to export liquefied natural gas from its Rio Grande LNG facility to non-free trade agreement (non-FTA) countries.
Companies
Netherlands-based inspection and industrial services provider Intero Integrity Services announced it has acquired The Sniffers. Founded in 1991, The Sniffers is an emission monitoring and pipeline integrity services firm with headquarters in Belgium. GreenGasUSA and Dominion Energy Carolina Gas (..
T.D. Williamson Turns 100
Global pipeline services provider T.D. Williamson turned 100 on Jan. 2, 2020. During its anniversary year, the company said, it will recognize its growth along with the the oil and gas industry, salute the people responsible for that growth and celebrate its partnerships with leading pipeline organizations.
People
Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors. His industry experience over more than four decades includes titles as chairman and CEO of Schlumberger from 2003 to 2011 and nonexecutive chairman of BG Group from 2012 to..
Fluoramics
Fluoramics introduced an application tip for its 100-gram tube of Formula-8 thread sealant. The packaging makes it easier for users who require one-handed application. The extended tip also makes it easy to access hard-to-reach areas. Formula-8 is a shear-sensitive paste that sheets out into polytet..
Oxy Separates Western Midstream in Debt-Reduction Move
Occidental Petroleum (Oxy) said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.
TC Energy Files to Reduce Toll on Canadian Mainline Pipeline
TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.
CenterPoint Energy to Sell Miller Pipeline and Minnesota Limited to PowerTeam Services
CenterPoint Energy has announced an agreement to sell Miller Pipeline and Minnesota Limited to PowerTeam Services for $850 million in cash, subject to customary price adjustments.
Qatargas Signs Long Term SPA to Supply LNG To Kuwait
Qatargas has announced the signing of a new, long term Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to the State of Kuwait, commencing this year.
ARB Midstream Announces New Connection to Pipeline System in DJ Basin
DJ South Gathering, LLC, a subsidiary of ARB Midstream, LLC has announced an expansion of its crude oil gathering and transportation system in the prolific DJ Basin in northeastern Colorado.
Southcross Energy Completes Reorganization, Emerges from Chapter 11 Bankruptcy
Southcross Energy Partners LLC has emerged from Chapter 11 bankruptcy and completed its reorganization as a gathering and processing company focused on the Eagle Ford Shale region.
Explorer Pipeline Launches Open Season on Explorer Pipeline System
Explorer Pipeline Company (Explorer) has announced a binding open season to secure shipper commitments to support the development of proposed new transportation service on Explorer’s pipeline system from its existing U.S. Gulf Coast receipt points to a new destination point in Galena Park, Texas (Project).
Shell Nigerian Unit Lifts Force Majeure on Bonny Light Crude Exports
Royal Dutch Shell’s Nigerian subsidiary SPDC lifted a force majeure on Bonny Light crude oil exports at 0800 GMT on Friday, a spokesman said.
Russia's Transneft Faces up to $1 Billion in ‘Dirty Oil’ Claims: Sources
Russian oil pipeline monopoly Transneft faces claims of up to $1 billion related to contaminated oil, more than double its own estimates, industry sources said, setting the stage for protracted haggling with oil suppliers.
U.S. FERC Sides with PennEast Pipeline NJ Eminent Domain Case
The U.S. Federal Energy Regulatory Commission on Thursday supported the view of companies developing the $1 billion PennEast natural gas pipeline that they can use federal eminent domain to gain access to properties owned by New Jersey.
Enterprise Products Expects to Complete Part of Wink-to-Webster Crude Pipeline by Year-End
Enterprise Products Partners LP said on Thursday it will own a 29% undivided joint interest in the Wink-to-Webster crude pipeline system and construction on the segment to Webster, Texas, is expected to be completed by the end of 2020.
Enbridge Defends Long-Term Mainline Contract Plans Amid Criticism
Facing criticism, Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network was fair and would benefit the western Canadian industry.
Pembina Withdraws Jordan Cove Application, Holds Out for Federal Approval
Pembina Pipeline Corporation (Pembina) has withdrawn its application for a state permit for the Jordan Cover natural gas pipeline and export terminal in Oregon.
- 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
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
