Company News

U.S. Oil & Gas Rig Count Falls for First Week in Eight -Baker Hughes

U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks amid an industry stampede to reward investors with share buybacks instead of boosting production.

Pipeline Operator Enbridge Beats Profit Estimates as Oil Volumes Rebound

Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand.

Enbridge Gets OK to Return TETCO NatGas Pipe to Full Service

Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.

TC Energy Warns Coastal GasLink Pipeline Dispute Could Impact Construction

Canadian pipeline operator TC Energy warned on Thursday that an ongoing dispute with LNG Canada over the cost of the Coastal GasLink pipeline in northern British Columbia will impact construction if it is not resolved soon.

TC Energy to Switch to Green Power to Run N. American Energy Pipelines

Canadian pipeline operator TC Energy Corp could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines.

Enterprise Products Oil Pipeline Volume Rises on Demand Recovery

Enterprise Products Partners said on Wednesday volume across its crude oil pipelines rose 5% in the second quarter on the back of a recovery in demand as the global economy continues to reopen following COVID-19 lockdowns.

Enagas First-Half Net Profit Falls on Lower Fees in Spain

Spanish gas grid operator Enagas said its first-half net profit fell 9.8% to 213 million euros ($251.28 million) after a change of regulations in 2020 forced it to charge lower fees in Spain.

Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid

Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.

Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes

Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.

INNIO Jenbacher Launches Hydrogen-Ready Gas Engines

Most of the currently installed INNIO Jenbacher natural gas fueled fleet can be upgraded to operate with up to 25% volume of hydrogen in pipeline gas or converted from natural gas to 100% hydrogen operation.

Companies in the News July 2021

McElroy announced the addition of  F.W. Webb Company as its newest distributor to serve pipe fusion machine customers along the East Coast. The company has several locations. and its Springfield, Mass., location will serve as the main hub for McElroy machine sales.   “This is a very exciting time f..

DEKOTEC Celebrates Half-Century Presence in Spain

The Spanish sister company of DEKOTEC this year celebrated its 50th anniversary of operations in Spain.

What's New July 2021

Vermeer   Vermeer expanded its horizontal directional drilling (HDD) fluid management equipment line with the new R600T reclaimer. The new 600-gallons/minute (2,271-liters/minute) mud recycling system can pair with maxi rigs pumping between 300 and 600 gal..

WBI Energy Begins Construction on ND Natural Gas Pipeline Project

WBI Energy, a subsidiary of MDU Resources Group, began construction this week on the North Bakken Expansion project in North Dakota. This natural gas pipeline expansion will have capacity to transport 250 million cubic feet of natural gas per day from the Bakken Formation.

Companies Merge Technologies to Enhance Pipeline Integrity

Pipetel Technologies and Intero Integrity Services merged in January, combining the two inline inspection companies, each with a track record of innovation in the space of unpiggable pipeline inspection.

Pembina Pipeline Reaffirms Existing Transaction to Purchase Inter Pipeline

Pembina Pipeline Corporation confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. pursuant to the arrangement agreement signed by the parties.

Pipeline Operator Kinder Morgan to Buy Kinetrex Energy in Green Energy Push

Pipeline operator Kinder Morgan said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green energy amid investor pressure to tackle climate change.

Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System

Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.

How MEA Revisited Strategic Imperatives to Maintain Its Mission

Since March 2020, businesses have been closing, pivoting, or returning to a new normal. MEA Energy Association, a trade association serving natural gas and electric utilities across the United States, is no exception.

Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion

Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.

Midcoast Energy Starts Commercial Operation of Expanded CJ Express Pipeline

Siemens Energy technology will help increase the CJ Express pipeline’s transmission capacity from the East Texas supply areas to Gulf Coast demand centers to approximately 1 billion cubic feet per day.

Republic of Panama, Energy Transfer Studying Potential Trans-Panama Gateway Pipeline

The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.

Ecopetrol Reports Recovery of Operations After Stabilization in Colombia

Ecopetrol reported the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the company had observed because of restrictions on mobility.

Petrobras' Albacora Seen Drawing At Least Three Buyers

Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.

Saudi Aramco Drops Morgan Stanley on Gas Pipelines Deal

Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.

Dominion Energy, Berkshire to Terminate Questar Pipelines Deal

Dominion Energy abandoned the sale of a natural gas pipeline to a unit of Warren Buffett's Berkshire Hathaway because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.

NGL Energy Partners Announce Open Season for Grand Mesa Pipeline

NGL Energy Partners announced that a binding open season began Friday for its wholly owned affiliate Grand Mesa Pipeline’s crude oil pipeline.

China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot

When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.

Linden Energy Acquiring 50% Stake in Bulgaria's Largest Private Gas Company

Linden Energy, a U.S.-based energy development company, today announced it has signed an agreement to acquire 50% of Overgas Inc. AD, the first independent Bulgarian gas trader, as well as the largest privately owned gas company in the country.

Malaysia's Petronas Agrees 10-year LNG Supply Deal with CNOOC Valued at $7 Billion

Malaysia's state oil firm Petronas has signed a 10-year LNG supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.