Companies
China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources
China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.
Supreme Court Reinstates Permit 12 but Excludes Keystone XL
The U.S. Supreme Court reinstated use of the Army Corps of Engineers' Nationwide Permit 12 but refused to allow use of the fast-track permit to resume work on TC Energy's Keystone XL project.
Developers Cancel Long-Delayed Atlantic Coast Pipeline
The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.
Record Debts Come Due for Canadian Energy Companies
The Canadian energy industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months. Maturing energy debts this year are more than 40% higher than 2019.
BP Closes Part of Alaska Sale to Hilcorp; Pipeline Under Review
BP announced it has closed part of its planned $5.6 billion sale of Alaskan assets and operations to Hilcorp, but its stake in Trans Alaska Pipeline is still under regulatory review.
NiSource to Pay $56 Million to Resolve Gas Blasts Probe
NiSource Inc will pay $56 million to resolve a probe into Massachusetts gas explosions in 2018 linked to a utility it owns that killed one person and destroyed multiple buildings, the state's attorney general said.
Align Midstream Partners Completes TOPS Pipeline
Align Midstream Partners has announced the completion of its TOPS Pipeline and the formation of a joint venture in the pipeline with Sabine Oil & Gas.
Alaska Officials Approve BP's Sale of Pipeline, Oil Leases to Hilcorp
Alaskan energy officials on Monday approved the sale of BP's pipeline and oil and gas assets to Hilcorp Energy as part of a previously announced multi-billion dollar deal.
Chesapeake Asks to Cancel Pipeline Contracts Amid Bankruptcy Filing
Chesapeake Energy is looking to cancel more than $300 million worth of pipeline contracts as part of its Chapter 11 bankruptcy proceedings.
Black Bear Transmission Announces Purchase of Gas Pipeline Assets
Black Bear Transmission has announced the purchase of natural gas pipeline assets from Third Coast Midstream.
Easton Energy Adds Crude, NGL Storage Rights at Texas Facility
U.S. pipeline and storage operator Easton Energy is planning to expand its natural gas liquids and olefins storage at existing salt caverns along the Texas Gulf Coast and add crude storage capability.
ADNOC Signs $10 Billion Gas Pipeline Deal
ADNOC has signed a $10 billion investment deal with a consortium of investors for a stake in its natural gas pipeline assets.
Enbridge Restarts Line 5 After Maintenance Issues Causes Temporary Closure
Enbridge has restarted flows on a portion of its Line 5 pipeline in Michigan after maintenance crews discovered a support anchor had shifted from its original position prompting a temporary closure.
Canada's Enbridge Says 800 Workers Take Voluntary Buyouts
Enbridge has reported that 800 workers have agreed to take voluntary buyouts as the pipeline operator seeks to cut costs amid the pandemic.
Williams to Handle Gathering, Production for Taggart
Williams announced a tieback agreement with LLOG Exploration Offshore to provide oil and gas gathering and production services for the Taggart development in the Gulf of Mexico.
Total Reviewing Pipeline to Grandpuits Oil Refinery After Leaks
A spokesman for French energy group Total said on Friday the company is exploring the costs of replacing a 161-mile oil pipeline that feeds its Grandpuits refinery near Paris.
Michigan Court Rules Enbridge Tunnel Deal Constitutional
An appeals court in Michigan has ruled that a deal struck between Canadian pipeline company Enbridge and the state's former Republican governor to build a tunnel to house the company's oil pipeline under a portion of the Great Lakes was constitutional.
BP Turns Over Rights to Operate South Caucasus Pipeline
BP has turned over rights to operate the South Caucasus Pipeline (SCP), part of the network that is due to start carrying gas from Azerbaijan to Europe this year, to a unit of Azeri state energy firm SOCAR.
Pipeline Operator Energy Transfer Warns of Coming Job Cuts
Dallas-based pipeline operator Energy Transfer will begin cutting about 6% of its workforce next week, as the impact of weak oil and gas prices continued to spread through the energy industry.
Blackstone's EagleClaw Midstream Sues Caprock Over Troubled Seal
EagleClaw Midstream, owned by the Blackstone investment group, is suing the former owners of Caprock Midstream for allegedly failing to disclose millions in outstanding liabilities before the company closed an acquisition deal.
TC Energy Completes Sale of Coastal GasLink Stake
TC Energy has completed the sale of a 65% stake in its Coastal GasLink pipeline.
Russia's Transneft, Rosneft Disagree Over Oil Transport Costs
Two of Russia's largest energy companies have failed to reach an agreement on restructuring oil transportation costs amidst the global collapse in oil prices due the coronavirus pandemic.
NextDecade Delays Rio Grande LNG Final Investment Decision to 2021
Barely more than a week after NextDecade announced it would make a Final Investment Decision on its Rio Grande LNG project in 2020, the company announced it has pushed the decision back to 2021.
Companies in the News
Pipeline specialist STATS Group has strengthened its presence in Oman with the opening of a new workshop, storage and testing facility in Muscat. The expansion follows a two-year contract extension to provide pipeline isolation and hydrostatic testing services for Petroleum Development Oman. STATS a..
What's New
Cortec Cortec Corporation announced that its Cor-Pak® 1-MUL Pouches are now available in the 8-MUL format for eight times the corrosion protection volume previously offered. The pouches work exactly the same as Cor-Pak 1-MUL, but instead of only protecting 1 cubic foot (0.03 m3) of space, the 8-MUL..
Enterprise Products CEO Puts Personal Spin on COVID-19
Enterprise Products Partners’ outspoken co-CEO Jim Teague used an April 29 conference call with investors as an opportunity to comment on the U.S. economic shutdown while reflecting on his personal experience during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.
Williams Announces Agreement on Deepwater Gulf Project
Williams has agreed to transport natural gas from Chevron and Total's Anchor offshore development to the Discovery pipeline system.
Texas Eastern Gas Pipeline Explodes in Kentucky
Enbridge responded to an explosion Monday evening on Line 10 of its Texas Eastern system in Kentucky, and said Tuesday that it has shut-in a section of the pipeline. Gas futures rose on the news.
Poland's Gaz-System Reaches $306 Million Pipeline Deal with Saipem
Polish gas grid operator Gaz-System said on Monday it signed a 280 million euro ($306 million) contract with Italian oil services group Saipem to build a section of the Baltic Pipe between Denmark and Poland.
Williams Places Phase II of Hillabee Expansion in Service
Williams said it has placed Phase II of the Hillabee expansion project in service, adding natural gas capacity to the Transco system and direct access to Florida’s rapidly growing power generation market.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
