Company News
DTE Energy to Spin Off Gas Pipeline Business
Michigan utility DTE Energy announced on Tuesday it is spinning off its gas pipeline business into a publicly-traded company.
Canada's Cenovus to Buy Husky for $2.9 Billion
Canada's Cenovus Energy has agreed to purchase Husky Energy for nearly $3 billion as the industry is forced to consolidate amid the pandemic continues to suppress demand.
Judge: Michigan Regulator Can Evaluate Enbridge Pipeline Tunnel Plan
A Michigan judge ruled on Friday that a state regulatory agency has some authority to evaluate Enbridge's Line 5 pipeline tunnel plans, but should not consider broader implications of the pipeline's contribution to climate change in its evaluation.
IEnova Expects Mexican Export Permit for Costa Azul LNG This Year
IEnova, a unit of Sempra Energy, still expects to receive a permit from Mexico for its Costa Azul LNG export facility by the end of the year.
Gulf Energy Information Introduces Hydrogen Data with New Platform
Gulf Energy Information has launched Global Energy Infrastructure (GEI), a comprehensive dataset covering projects across the energy industry.
Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility
Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.
Kinder Morgan Permian Highway Still on Track as Profit Falls
U.S. pipeline operator Kinder Morgan told investors on Wednesday that its Permian Highway pipeline was still on track to begin service in 2021 even as quarterly profit fell 10% due to lower shipping volumes.
FERC Approves Kinder Morgan Acadiana Expansion Project
The U.S. Federal Energy Regulatory Commission has approved Kinder Morgan Louisiana Pipeline’s Acadiana Project.
Kleinfelder Completes Acquisition of Gas Transmission Systems
San Diego-based Kleinfelder Group said it has acquired utilities and pipeline services firm Gas Transmission Systems (GTS) for an undisclosed sum.
Fluor Awarded Pipeline Construction, Maintenance Contract in Peru
Fluor has been awarded a pipeline construction and maintenance contract in Peru by Compañía Operadora de Gas (COGA) under the Consorcio Mantenimiento de Gasoductos del Peru (CMgP) consortium.
Shale Producer Pioneer Natural to Buy Parsley Energy for $4.5 Billion
Pioneer Natural Resources announced on Tuesday its intention to purchase Parsley Energy in an all-stock deal valued at $4.5 billion.
ROSEN Group Headed for Hydrogen
With more than 30 years of experience in pipeline integrity management, the ROSEN Group is investing in a new challenge to support operators in the transition toward a low-carbon future.
Majors Win Distinguished Pipeline Safety Awards
Citgo, Colonial and Marathon were the big winners of the American Petroleum Institute (API) 2019 Distinguished Pipeline Safety Awards.
Blackbuck Resources Acquires Whites City Water Infrastructure from Cimarex Energy
Blackbuck Resources has acquired water infrastructure assets from Cimarex Energy.
TechnipFMC Awarded EPCI Contract for Equinor Breidablikk Pipelay and Subsea Installation
Oil and gas services frim Technip FMC has been awarded an Engineering, Procurement, Construction and Installation contract for Equinor's Breidablikk subsea pipelaying project.
ConocoPhillips to Buy Concho Resources for $9.7 Billion
ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand.
ADNOC to Divest 20% Stake in Gas Pipeline Assets
ADNOC has announced a 20% sale of its gas pipeline assets to the Abu Dhabi Pension Fund and a regional holding company, ADQ.
Enbridge Completes North Dakota Stretch of Line 3 Replacement Project
Enbridge announced on Wednesday that the Canadian pipeline company has completed the North Dakota portion of its Line 3 replacement project.
Illinois Approves Expansion of Dakota Access Oil Pipeline
Regulators in Illinois approved on Wednesday Energy Transfer's expansion plan for the Dakota Access pipeline.
Oryx Launches Binding Open Season on Proposed New Gathering System
Oryx Midstream has launched a binding open season to solicit shipper interest in a proposed new gathering system to transport crude from Eddy County, New Mexico to an interconnect with the Trans Permian Pipeline System.
Trans Mountain Agrees to Reroute Pipeline Around Indigenous Area
After years of litigation, Trans Mountain has agreed to reroute a portion of its expansion project around an indigenous area, according to a filing with Canadian energy regulators.
North American Energy Bankruptcies Pile Up in Third Quarter — Haynes and Boone
Law firm Haynes and Boone said a perfect storm of weak fuel demand due to the COVID-19 pandemic, a collapse in crude prices, and shrinking amounts of available credit all caused North American energy bankruptcies to pile up in Q3.
Saudi Aramco, Investors Discussing $10 Billion Pipeline Deal — Sources
Sources have reported that Saudi Aramco is in talks with asset firm BlackRock as well as other investors about selling a $10 billion stake in its pipeline assets.
BP Says Trans Adriatic Pipeline to be Ready by End of 2020
BP said it expects to begin shipping natural gas on the Trans Adriatic Pipeline by the end of 2020.
Russian Oil Companies Settle Dirty Oil Dispute with Total
Two major Russian oil companies have settled a dispute with French major Total over contaminated oil supplies delivered on the Druzhba pipeline last year.
Equitrans to Evaluate Mountain Valley Pipeline Cost, Timing
Equitrans Midstream said on Monday that the company will evaluate the cost and timing of completing the Mountain Valley natural gas pipeline based on current litigation and regulatory approvals.
U.S. Energy Companies Begin Restoring Oil and Gas Output After Hurricane
Several U.S. oil and gas companies began the process of restarting production at facilities along the country's Gulf Coast on Sunday, two days after Hurricane Delta hammered the area with 100 mph winds.
NextDecade on Track for Rio Grande Facility FID in 2021
U.S. LNG company NextDecade said it is still planning to reach a final investment decision regarding it's Rio Grande LNG facility in 2021.
Energy Transfer CEO to Step Down
Energy Transfer announced on Thursday that the pipeline giant's co-founder and CEO Kelcy Warren will be stepping down on Jan. 1.
$56M Settlement Approved in Massachusetts Gas Explosions
A $56 million settlement has been approved in the case regarding a series of natural gas explosions and fires in Massachusetts in 2018.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
