Companies
Devon Energy to Buy Shale Peer WPX for $2.56 Billion in Delaware Push
U.S. oil and gas producer Devon Energy Corp said on Monday it will buy Permian basin peer WPX Energy Inc for $2.56 billion as it looks to scale up its presence in the Delaware portion of the prolific shale field.
ConocoPhillips Sees Global Oil Demand Returning, Executive Says
U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.
Atlantic Bridge Gas Compressor Station gets U.S. Approval
U.S. regulators have given Enbridge final approval to put its Weymouth natural gas compressor station in service.
Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand
Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.
Ingleside Pipeline Begins Shipping to Moda's Ingleside Energy Center
Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream.
Tellurian Cuts Pipelines to Reduce Phase 1 Costs at U.S. LNG Export Plant
Tellurian has announced it is cutting three pipeline projects to reduce costs for its Driftwood LNG export facility in Louisiana.
Sempra Energy Says Cameron LNG Plant Launches Full Commercial Operations
Sempra Energy has announced that its $10 billion Cameron LNG export facility in Louisiana has entered full commercial operations.
Kinder Morgan Gets OK to Put 9th Unit at Georgia Elba LNG Plant in Service
Kinder Morgan has received approval from U.S. energy regulators to place the 10 liquefaction unit at its Elba Island LNG plant into service.
New Midstream Joint Venture to Provide Permian Basin NGL Takeaway Capacity
Three U.S. midstream companies have formed a new joint venture to provide transport solutions for natural gas liquids in the Permian Basin.
BP Midstream Pipeline Volumes Fall 10% in Q2, Revenues Up
BP Midstream announced that pipeline volumes fell 10% in Q2 due to shrinking demand caused by the coronavirus pandemic while revenues for the company rose over the same period.
Cheniere Energy Accelerates LNG Plant Expansion Amid Q2 Profit Gains
Cheniere Energy is planning to accelerate the planned expansion of two of its LNG export facilities in Texas after being analyst profit estimates in Q2.
U.S. Appeals Court Allows Dakota Access Pipeline to Keep Running
A U.S. appeals court on Wednesday said that the Dakota Access Pipeline does not have to be shut and drained per a lower court order.
Freeport Seeks More Time to Build Train 4 at Texas LNG Facility
Freeport LNG has requested more time to complete its proposed fourth liquefaction train at its LNG facility in Texas.
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
Equitrans Midstream confirmed on Tuesday that the company plans to start up its Mountain Valley natural gas pipeline by early 2021.
National Fuel Completes Acquisition of Shell Pennsylvania Upstream and Midstream Assets
National Fuel announced it has completed the purchase of upstream and midstream assets in Pennsylvania from a subsidiary of Shell.
MPLX Sees $100 Million Earnings Hit if Bakken Oil Pipelines Shut
MPLX, the midstream branch of energy firm Marathon, announced it could begin losing $100 million a year if closures of two North Dakota pipelines were to take effect.
Shell Midstream Cuts Costs as Demand Destruction Hits U.S. Pipeline Flows
Shell Midstream has announced spending cuts as demand fell across many of its U.S. pipeline operations.
Dominion Overhauls Leadership, Announces New CEO
Dominion Energy on Friday announced a reorganized executive leadership team, including a new CEO, as it reported a $2.8 billion second-quarter charge related to the cancellation of the Atlantic Coast natural gas pipeline.
Dominion Takes $2.8 Billion Charge to Exit Atlantic Coast Project
Dominion Energy announced on Friday the company took a nearly $3 billion charge in the second quarter due to the cancellation of its Atlantic Coast natural gas pipeline.
Enbridge Sees Improving Mainline Oil Volumes
Canadian pipeline operator Enbridge on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.
Petrobras Sells Remaining Stake in TAG to Engie Brasil, CDPQ
Petrobras, Brazil's state-owned oil company, has agreed to sell its remaining stake in natural gas pipeline company TAG Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).
Snam and Baker Hughes Test First Hydrogen Hybrid Turbine for Gas Transportation
Snam and Baker Hughes have announced the successful completion of testing for a new "hybrid" turbine that will allow pipelines to carry hydrogen along with natural gas.
Chevron to Buy Noble in Biggest U.S. Energy Deal Since Oil Crash
Chevron said on Monday it would buy Noble Energy for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.
Buckeye Partners Begins Operations at South Texas Gateway Export Terminal
Buckeye Partners has begun exporting oil from its new South Texas Gateway terminal in Corpus Christi, TX.
FERC Gives Delfin Another Year to Build Louisiana Floating LNG Project
U.S energy regulators have given Delfin LNG a second one-year extension to build it's floating LNG project off the coast of Louisiana.
Companies in the News
Ithaca Acquisitions Holdings has acquired the former pipe fabrication assets of The Shaw Group from McDermott International. Ithaca said it would rename itself Shaw Acquisitions Holdings and operate the business as Shaw. Founded in Baton Rouge in 1987, Shaw’s operations include seven manufacturing f..
Custom Adapters, Tubing Eliminate Leaks, Allow Retrofitting
To complete engine retrofits at older pipeline compressor stations, HES has come to rely on specially designed fuel injector adapters from Swagelok that provide leak-tight connections to eliminate fugitive emission worries.
Carbon Dioxide Pipelines Seen as Cost-Saving Measure in Troubled Times
By Richard Nemec, Contributing Editor It was difficult to find a silver lining in the outlook of Occidental Petroleum Corp.’s CEO Vicki Hollub and her senior executive colleagues in early May when they prepared for the Houston-based mid-major’s first-quarter 2020 earnings conference call. ..
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.
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
