Company News

Max Midstream Launches Open Season on Seahawk Pipeline

Seahawk Pipeline, a subsidiary of Max Midstream, is developing a crude oil pipeline in the Eagle Ford area from its Edna Terminal to the Seahawk Terminal in the Port of Calhoun, Texas, and wants to gauge shipper interest, the company announced.

APA Launches Australia's First Hydrogen-Ready Transmission Pipeline Project

Australia’s APA Group announced a landmark hydrogen pilot project to enable the proposed conversion of 43-kilometers (26.7 miles) of Parmelia Gas Pipeline in Western Australia into Australia’s first 100 percent hydrogen-ready transmission pipeline.

Kinder Morgan and Brookfield Sell Minority Interest in Natural Gas Pipeline Company of America

Kinder Morgan and Brookfield Infrastructure Partners agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America to a fund controlled by ArcLight Capital Partners for $830 million.

Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale

Occidental Petroleum Corp posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.

Brookfield Launches Hostile Bid to Buy Canada's Inter Pipeline

Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate.

Design and Engineering Starting for Oil Search’s Pikka Project in Alaska

Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.

Spain’s Reganosa to Operate Sardinia’s First LNG Terminal

Spain’s Reganosa won a contract to operate and maintain the first liquefied natural gas (LNG) terminal on the Italian island of Sardinia, the company announced.

Inter Pipeline Undecided on Strategic Options after Brookfield Offer

Canada's Inter Pipeline Ltd said no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.

Ford Shuts North American Plants due to Weather, Gas Supply Interruption

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.

Energy Transfer Upping NGL Investments as Oil Pipeline in Doubt

Energy Transfer LP executives said the company is deepening its investments in natural gas liquids (NGLs) as crude oil pipeline shipments decline and as the company faces the possible closure of its Dakota Access line.

TC Energy Profit Rises 13% on Earnings from U.S. Gas Pipelines

TC Energy Corp reported a 13.4% rise in fourth-quarter comparable profit on Thursday, partly helped by lower operating costs for its U.S. natural gas pipelines.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

U.S. Pipeline Operator Energy Transfer to Tap into Alternative Energy

Traditional oil and gas companies are under increasing pressure to invest more in renewable energy and carbon-capture technology to battle climate change.

CorEnergy Acquires Crimson’s California Pipeline Assets

CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million.

Phillips 66 Selects Crux OCM for Pipeline Control Center Operations Pilot

Phillips 66 selected Crux OCM, a pioneer of robotic industrial process automation (RIPA) for oil and gas operations, for a pipeline control center operations pilot.

Companies in the News

Companies  The ROSEN Group announced that it has joined the European Clean Hydrogen Alliance, which was launched by the European Commission last July as part of the EU strategies for energy system integration and hydrogen.  In a statement, ROSEN said, “As a company committed to helping operators o..

Pipeline Tech Specialist STATS Group Promotes Employees to Senior Executives

Specialist pipeline technology company, STATS Group, has promoted two long-serving employees to senior executive positions.

SITE RG Goes from Strength to Strength in 2020

Despite the tough year of 2020, one Alberta-based integrated services provider business, SITE Resource Group (SITE), continues to thrive.

Tumbleweed Midstream Announces 10-Year Helium Sales Agreement

Colorado’s Tumbleweed Midstream announced it has executed a new 10-year helium sales agreement with a global tier one helium supplier, which will allow Tumbleweed to sell up to 10% of its helium production to third-party buyers.

Edge LNG Announces New Texas Facility

Edge Gathering Virtual Pipelines 2, a pioneer in delivering low-cost, high quality LNG to market by converting stranded and flared natural gas, unveiled its new facility in Midland, Texas, due to growing demand for its services.

Canada’s Pipetel Merges with Intero Integrity Services

Intero Integrity Services, backed by First Reserve, announced announce the completion of a merger with Pipetel Technologies, an innovative service provider to the gas utility industry specializing in robotic inline inspection of challenging pipelines.

Phillips 66 Announces Midstream Growth Along with Fourth Quarter Loss

Phillips 66 announced an adjusted loss of $507 million in the fourth quarter of 2020, compared to an adjusted third-quarter loss of $1 million.

JD Fields and HDM Tubes Building Spiralweld Mill in Texas

JD Fields & Company, a leading U.S. steel products distributor for oil & gas pipeline and civil infrastructure, announced plans for JDF/HDM Spiralweld Mill in Sinton, Texas.

Magellan Midstream, Enterprise Combine to Develop Houston Oil Futures Contract

The midstream infrastructure companies said the project is in response to market interest for a Houston-based index with greater scale and price transparency.

Companies

NuStar Energy announced that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale in November.  For the second consecutive year, New Jersey Resources has been named one of America’s Most Responsible Companies by ..

Kinder Morgan Beats Profit Estimates after Higher Gas Demand

Pipeline companies are seeing a recovery in transport volumes after the pandemic wreaked havoc on demand,

Max Midstream Announces Agreement with Major European Tank Storage Company

Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.

Apache Corp Creating New Holding Company

Apache Corp plans to create a holding company structure, which typically allows a firm to lower its tax bill, protect patents and diversify its unit's businesses efficiently.

Phillips 66 Budget Down 43% From 2020’s Forecast

Phillips 66 said its 2021 budget includes capital expenditures of $776 million on the refining segment and $610 million on midstream as the energy industry struggles to recover from the blow of the COVID-19 pandemic.

Hilcorp Unit Completes BP Alaska Acquisition

Privately held Hilcorp Energy's unit completed a $5.6 billion acquisition of BP's business in Alaska, taking over the region the British oil major had operated in for 60 years.