Companies
Enterprise Announces Expansion Projects at Houston Ship Channel
Enterprise Products Partners announced three additional expansion projects that will increase its capacity to load crude oil, LPG, and polymer grade propylene (PGP) from its Enterprise Hydrocarbon Terminal on the Houston Ship Channel
Archrock Acquires Elite Compression for $410 Million
Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.
Williams
Williams has sold its 50% interest in Jackalope Gas Gathering Services to an affiliate of Crestwood Equity Partners for $484.6 million. Prior to the transaction, Crestwood was marketer and Williams was operator for the 50-50 joint venture. Crestwood has assumed operatorship of Jackalope. P&GJ..
Equitrans
Equitrans Midstream Corporation and EQM Midstream Partners acquired a 60% interest in Eureka Midstream Holdings and 100% interest in Hornet Midstream Holdings in a transaction valued at $1.03 billion. P&GJ..
ConocoPhillips
ConocoPhillips has completed the sale of its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea. ..
Pin Oak
Pin Oak Energy Partners increased its acreage position across the Appalachian Basin to 167,000 net deep acres with the acquisition of 43,000 acres in the Utica Basin from Shell subsidiary SWEPI LP. P&GJ..
$1.6 Billion Liberty Pipeline Construction to Proceed Under Phillips 66, Bridger JV
Phillips 66 and Bridger Pipeline announced that they are proceeding with construction of the $1.6 billion Liberty Pipeline from the Rockies and Bakken production areas to Cushing, Okla.
Final Investment Decision Reached for Whistler Pipeline
MPLX LP, WhiteWater Midstream backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, Inc. have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers.
JP Services Announces Launch of Water Management Division
JPH Holdings, LLC (JP Services), a full turnkey pipeline integrity solutions company, is pleased to announce the launch of its new Water Management Division to service pipeline owners and operators.
Oryx Extends Open Season On Regional Transportation System
Oryx Extends Open Season On Regional Transportation System
McDermott Announces First Cargo from Cameron LNG Train 1
McDermott International announced that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry, La., marking a key step and precursor to completion of Train 1. The latest development follows the announcement of first liquid from Cameron LNG Train 1 on May 14.
NextDecade Mourns Death of Founder, Chairman Kathleen Eisbrenner
Kathleen Eisbrenner, founder and chairman of the board of Houston-based LNG company NextDecade, died May 9. She was 58 years old.
Buckeye Partners to be Acquired for $10.3 Billion
Buckeye Partners, which owns and operates one of the largest diversified networks of integrated midstream assets in North America, has agreed to be aquired by IFM Investors in an all-cash transaction with an enterprise value of $10.3 billion.
Chevron Drops $33 Billion Pursuit of Anadarko, Hands Win to Occidental
Chevron Corp abandoned its pursuit of Anadarko Petroleum Corp , outmaneuvered by a higher rival bid of $38 billion that included more than three times as much cash.
Howard Energy Plans New Gathering System in STACK Play
Howard Energy Partners announced yesterday that it has executed an agreement with a major North American oil and gas producer to construct, own and operate a new natural gas gathering system located in the over-pressured area of the prolific STACK play. HEP’s new midstream infrastructure will be anchored by fee-based, long-term acreage dedications totaling approximately 10,000 acres in Dewey and Custer counties in central Oklahoma.
Siemens Spins Off Gas and Power Division
Siemens is spinning off its gas and power business, which has dragged on the German engineering firm's performance as the rise of renewable power hits demand for gas turbines.
Con Edison Halts Gas Hookups, Citing Interstate Pipeline Constraints
Consolidated Edison imposed a moratorium on new natural gas service in parts of New York’s Westchester County despite a $250 million state plan to reduce energy usage, to avoid compromising system reliability due to limited pipeline capacity into the region. Several companies tried for years to bui..
Greece Becoming 1st First Non-Russian Gas Supplier to Bulgaria
Bulgaria’s Bulgargaz struck a deal to buy 1.5 million megawatt hours of natural gas from Greece’s DEPA, the first time the state provider has bought gas outside its long-term contract with Russia’s Gazprom. Bulgargaz said it will complete the purchase in the second quarter, pumping the gas into its..
Anadarko Backs Oxy's Revised Bid, Pressuring Chevron to Respond
Anadarko Petroleum Corp's board has backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.
Rangeland Midstream Announces New Canadian Pipeline Project
Rangeland Midstream Canada announced plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 53 miles and consist of crude oil and condensate pipelines and related facilities. The system is expected to come into service in the second quarter of 2020.
Shell in Talks to Buy BP's Share of Shearwater Field
Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million.
Occidental Petroleum Submits $57 Billion Bid for Anadarko, Topping Offer From Chevron
Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp's $50 billion offer and setting up the first hostile takeover battle for a major oil company in years.
Minnesota Governor Renews Challenge to Enbridge Pipeline
Gov. Tim Walz said Monday that his administration has renewed its challenge to a regulatory panel’s approval of Enbridge Energy’s plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, saying he wants to let the legal process play out.
Chevron Acquiring Anadarko for $33 Billion as Crude Prices Climb
Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin.
Hastings Announces Sale of Cactus Fuel
Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy and industrial services businesses, is pleased to announce the sale of assets of Cactus Fuel, LLC to Pilot Thomas Logistics, LLC.
China Plans State Pipeline Company to Spur E&P
China is expected to introduce a plan this year to combine the long-distance pipeline assets of its state-owned energy companies into a single, national oil and gas pipeline group and open access to private and foreign energy producers.
VNG Busy Modernizing Pipeline Infrastructure
As with many other natural gas providers, Virginia Natural Gas (VNG) faces the twin challenge of replacing aging pipeline in congested areas, where rights-of-way are also frequently overflowing with multiple other utilities’ infrastructure.
Optimism Abounds for M&A in the Gulf of Mexico
A comeback is expected for M&A activity in the U.S. Gulf of Mexico. The combination of substantial inventory on the block, potential proof-of-concept developments on the horizon and continued focus by many players in the region on divesting of non-core properties, may set the stage for heightened deal flow in the region, assuming commodity prices continue to cooperate.
Noble Energy Sanctions the Alen Gas Project with Startup Planned in the First Half of 2021
Noble Energy, Inc. announced today that the Company has approved the Alen natural gas development offshore Equatorial Guinea (EG).
NextDecade and Shell Execute 2 MTPA, 20-Year LNG Sale and Purchase Agreement
NextDecade Corporation (“NextDecade”) announced at the LNG2019 conference in Shanghai, a 20-year sale and purchase agreement (“SPA”) with Shell for the supply of two MTPA of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
- TC Energy's Columbia Gas Pipeline Explodes Near Virginia's Interstate 81
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
