Companies

Companies in the News February 2022

Companies   KTN Becomes Full Member of ROSEN Group   KTN AS, which has worked closely over the past five years with the ROSEN Group to provide in-line inspection (ILI) services for challenging pipelines, has become a full member of the ROSEN Group to provide its portfolio of services under the ROS..

Clearfork Completes Acquisition of Azure Midstream

Azure Midstream Energy, a natural gas midstream company operating in North Louisiana and East Texas, announced Tuesday that it has closed on its sale to Clearfork Midstream.

Dakota Access Pipeline Suffers US Supreme Court Setback

The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access Pipeline operator Energy Transfer to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.

NextEra Takes $800 Million Charge for Mountain Valley Pipeline

A unit of NextEra Energy recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley Pipeline.

SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen

Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.

Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction

Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.

TC Energy Beats Profit Expectations on Stronger Demand

Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.

Venture Global to Buy Natural Gas from Repsol for LNG Plant

Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.

Mariner East Pipeline System Construction Complete, Commissioning in Progress

After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.

Enbridge Reports Higher Profit as Pipeline Volumes Rise

Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.

Eni Talking to Investors on Energy Transition SPAC

Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.

New York Pension Fund to Divest Half its Shale Companies

New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy.

Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery

Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.

Williams Hires LNG Executives for New Marketing Arm

U.S. natural gas pipeline operator Williams Companies has hired two veteran executives to set up an LNG marketing operation, according to employee profiles and people familiar with the matter.

Editor's Notebook - Replacing Pipelines in California

Plains All American’s application to build a replacement pipeline in California is entering a critical phase this year, as the state’s potential as a location for fuel infrastructure increasingly comes in conflict with efforts to curb climate change.

Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant

U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.

Blow to Gazprom Critics as EU Court Upholds Antitrust Settlement

Gazprom's critics suffered a blow on Wednesday when an EU court upheld a 2018 decision that let the Russian gas giant settle an antitrust investigation without paying a fine.

Norway Approves Development of Equinor's Kristin South Project

Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system

Denmark's CIP to Lead Giant Green Hydrogen Project in Spain

Danish renewable company Copenhagen Infrastructure Partners will lead a project in Spain to build a giant hydrogen plant, it said on Tuesday, as part of the Spanish government's efforts to use EU funds to become a top producer of the gas.

Exxon to Raise Permian Basin Output by 25% This Year

Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.

Shell Re-Routes Oil Supplies after Cyberattack on German Firm

Shell said on Tuesday it was re-routing oil supplies to other depots following a cyberattack on two subsidiaries of German logistics firm Marquard & Bahls that disrupted IT systems and supply chain.

Va. Regulators Approve MVP Stream-Crossing Permit

After a series of setbacks, the Virginia State Water Control Board approved a necessary stream-crossing permit for the embattled Mountain Valley Pipeline (MVP).

What's New December 2021

News from Dekotec GmbH, AIO, Sensor Networks, Endress+Hauser, Farwest, Weldcote and Honeywell.

Companies in the News December 2021

Texas Pipeline Operator Altus to Combine with BCP Raptor   Altus Midstream will merge with BCP Raptor, a holding company for  pipeline  assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt.   The transaction allows BCP to go public and gives control of..

Pembina CEO Mick Dilger Steps Down

Pembina Pipeline Corporation announced that Mick Dilger has stepped down as president and CEO to pursue other opportunities. Chief Financial Officer Scott Burrows will take the top job on an interim basis.

Companies in the News October 2021

Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..

Companies in the News September 2021

Corrosion prevention and sealing products manufacturer Winn & Coales International (Denso) acquired the global Viscotaq business, including Amcorr Products and Services, which formulates and manufactures viscoelastic protective coating technology.    The patented Viscotaq product range provides sel..

Line 3 Pipeline Approaches Completion after Court Ruling

Enbridge's Line 3 replacement project is nearing completion after successfully defending another legal challenge last week, when the Minnesota Supreme Court decided it would not hear an appeal from opponents who sought to overturn regulatory approval.

Companies in the News August 2021

Peak Utility Services Group, a provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, has acquired Superior Pipeline Services (SPS), a natural gas utility services contractor.    Denver-based Peak provides maintenance, repair, upgrade and insta..

Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects

Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.