Company News

Court Orders FERC to Explain Pipeline Decision

The nation's top appeals court has ordered a federal agency to explain why it approved the construction of a pipeline sending substantial quantities of natural gas to Canada.

Putin Pushes For Potential Gas Pipeline Through Mongolia

Russian President Vladimir Putin told the head of state-controlled Gazprom to consider making Russian gas exports to China via Mongolia, the Kremlin said on Monday.

Sources: Italy's Snam Seeks U.S. Footprint With Bid for Midwest Gas Pipeline

Italy’s Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group’s first foray outside Europe, four sources told Reuters.

New York Vows to Fight FERC Ruling on Consitution Pipeline

The New York regulatory agency that failed to act on a water quality certification for Williams' planned Constitution Pipeline said it will fight a federal ruling that it waived the decision through inaction. Some analysts, however, predicted the project may move ahead to completion by 2021.

Hong Kong Billionaire Offered $9.4 Billion for Canada's Inter Pipeline: Globe and Mail

Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies.

NuStar Completes Pipeline Projects, Begins Moving Volume

NuStar Energy has announced that it has completed and is moving volumes on three key pipeline projects that will significantly expand the partnership's capacity to move Permian crude oil to Corpus Christi for export, and to move refined products into Northern Mexico.

Suncor CEO Sees Increased Political Risk for Keystone XL

Canada's second-largest oil producer, Suncor Energy, believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp's proposed Keystone XL oil pipeline, its chief executive said on Wednesday.

Williams Completes Rivervale South to Market Project

Williams announced today that it has successfully placed into full service its Rivervale South to Market project – an expansion of the existing Transco natural gas pipeline system to meet growing heating and power generation demand for northeastern consumers.

Cheniere Completes Second Train at Corpus Christi LNG Project

Cheniere Energy, the largest U.S. exporter of LNG, on Tuesday announced that Train 2 of its Corpus Christi, Texas, liquefaction project has been declared substantially complete.

Papua New Guinea Sticks to $13B Gas Deal with Total

Papua New Guinea said on Tuesday it will honor a $13 billion gas deal that Total SA signed with a previous government to expand gas exports, after securing minor concessions from the French company.

Russian LPG Firm Battles Middle East for Chinese Market

An independent Russian producer has made a foray into China's market for LPG, jostling with Middle Eastern countries for what could be a lucrative foothold, market data showed and traders said.

Gazprom Braces for Decline in European Gas Exports, Prices

Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 following record-high volumes last year.

Tallgrass Midstream Weighing Offer to go Private

Tallgrass Energy said it is forming a committee of independent directors to consider Blackstone Infrastructure Partners' proposal to buy all of Kansas-based midstream's shares it does not already own.

Canada's Energy Regulator Responds to Concerns Over Enbridge Pipeline Plan

Canada's energy regulator on Tuesday responded to shipper complaints about Enbridge Inc's plan to switch to fixed contracts on its Mainline pipeline network by announcing a fast-track process to gather comment on the proposal that could lead to its being delayed.

BP to Quit Alaska After 60 Years With $5.6 Billion Sale of Assets

British oil major BP on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

Canada's Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canadian Natural Resources Ltd, the country's biggest oil producer, has joined a number of other firms asking Canada's energy regulator to intervene in Enbridge Inc's plan to overhaul shipping contracts on its Mainline pipeline network.

TechnipFMC to 'De-Merge' into Two Independent Companies

TechnipFMC said it will separate into two independent, publicly traded companies to focus on their respective strategies and provide improved flexibility and growth opportunities. The new companies will split along the lines of their 2017 merger, with an integrated technology and services provider and an engineering and construction company.

Plains All American to Remove Steel Tariff Surcharge on Cactus II

Plains All American Pipeline filed with U.S. regulators on Monday to remove a proposed surcharge on its Cactus II oil pipeline, tacked on as a result of the Trump administration’s tariff on imported steel.

Wood Mackenzie Parent Verisk to Acquire Genscape

Verisk signed a definitive agreement to acquire Genscape, a global provider of real-time data and intelligence for commodity and energy markets, for $364 million in cash. Genscape will become part of Wood Mackenzie upon completion of the transaction.

Enterprise Begins Open Season for ATEX Ethane Pipeline

Enterprise Products Partners has announced the start of a binding open season to determine demand for expanded capacity on the partnership’s Appalachia-to-Texas (“ATEX”) ethane pipeline.

Tellurian Files for FERC Review of Permian Global Access Pipeline

Tellurian has asked the Federal Energy Regulatory Commission (FERC) to initiate a review of its proposed Permian Global Access Pipeline following an oversubscribed open season for the 625-mile natural gas project from West Texas to Southeast Louisiana's growing LNG export market.

H2O Midstream Acquires Sabalo Energy Produced Water Assets, Closes 15-Year Service Agreement

H2O Midstream has announced the acquisition of produced water infrastructure from Sabalo Energy, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling services to Sabalo.

Nebraska Supreme Court Affirms Alternative Keystone XL Pipeline Route

A court in Nebraska on Friday affirmed an alternative route in the Midwest state for TC Energy Corp's Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline.

Canada's Trans Mountain Restarts Construction on Contentious Pipeline Expansion

Trans Mountain Corp said on Wednesday it has restarted construction on parts of its pipeline to nearly triple the flow of crude from Alberta's oil sands to the British Columbia coast, a year after the project's latest regulatory setback.

Lotus Midstream Considers Reversing West Texas to Cushing Pipeline

Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies.

Pembina to Acquire Kinder Morgan Canada, Cochin for $3.3 Billion

Calgary-based Pembina Pipeline has agreed to acquire Kinder Morgan Canada and the U.S. portion of the Cochin Pipeline system in a $3.3 billion deal that expands its Canadian storage capacity in a period of high demand.

XRI Announces New Delaware Basin Water Infrastructure System

XRI Holdings, a leading water midstream company with infrastructure throughout the Permian Basin, has announced the completion of its Northern Delaware Basin water pipeline infrastructure system.

Investors Flock to Finance Calcasieu Pass LNG Construction

Venture Global said it has made a final investment decision to proceed with construction of its $5.8 billion Calcasieu Pass LNG facility after its financing was nearly two times oversubscribed with more than $10 billion in binding commitments

Pipeline Shippers Challenge Plains' Steel Tariff Surcharge

Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

Line 3 protesters Rally Outside Enbridge Minnesota Office

Dozens of people rallied outside the Minnesota office of Enbridge Energy Monday to protest the company's proposed Line 3 oil pipeline replacement.