Companies

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.

Phillips 66 Posts Loss on $3 Billion Writedowns in Refining, Transportation Units

Phillips 66 took $3 billion in writedowns during Q1, but strong earning in the company's midstream sector helped offset other losses.

TC Energy Boosts 2020 Capex to Build Keystone XL Pipeline

TC Energy, bolstered by better-than-expected quarterly profit earnings, is raising its capital spending budget for 2020 in order to build its Keystone XL Pipeline.

Cheniere Moderates 2020 U.S. LNG Growth Estimates

Due to the coronavirus pandemic, Cheniere Energy, the largest LNG company in the U.S., has cut its growth estimates for LNG exports as well as its investment in new projects.

Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge

Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.

Continental Resources Halts Bakken Shale Output, Seeks to Cancel Sales

The largest oil producer in North Dakota has halted most of its production and reportedly told some customers it will not supply crude after the latest price crash, but there are doubts whether force majeure applies.

Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins

As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.

Companies in the News

Eddyfi/NDT Acquires Subsea Specialty Firm Halfwave NDT Global, a supplier of ultrasonic inline inspection (ILI) and integrity services, said its parent company, Eddyfi/NDT, has acquired Halfwave, of Bergen, Norway.  Halfwave is the owner of the proprietary..

Chevron Sells Azerbaijan Pipeline Assets

Chevron announced that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields, including interests in two pipelines, to MOL Hungarian Oil and Gas for $1.57 billion.

Kazakhstan Pipeline Work Continues Despite Tengiz Slowdown

Kazakhstan's biggest oil producer has reduced some work on its $45 billion expansion project in the west of the country due to the coronavirus outbreak, but pipeline construction continues.

Enterprise Offers Crude Oil Transport to Cushing on Seaway Pipeline

Enterprise Products Partners said it will give oil companies hunting for places to store crude the chance to ship barrels on its Seaway pipeline from the Gulf Coast to Cushing, Oklahoma, the main U.S. storage hub.

LNG Ltd Looks for New Partners After Takeover Bid Withdrawn

Liquefied Natural Gas Ltd said on Tuesday it is negotiating with other parties and has enough money to keep operating until May after Singapore-based LNG9 withdrew its takeover bid because the financing fell through: