Company News

Nigeria LNG Signs EPC Contract for Train 7 — Oil Minister

Nigeria’s oil minister on Thursday reported that Nigeria LNG has signed the engineering, procurement and construction contract for its Train 7 project.

Energy Transfer Slashes 2020 Capex, Dakota Access Expansion Could Face Delays

Energy Transfer will cut at least $400 million from its 2020 capital expenditures potentially jeopardizing the company's plans to expand its Dakota Access pipeline.

Energy Spectrum Capital Closes Nearly $1 Billion Midstream Investment Fund

Energy Spectrum Capital has received commitments of $969 million to invest in midstream assets in the energy industry.

NextDecade Says Coronavirus Could Delay Timing of Texas LNG Project

NextDecade said the collapse in global LNG demand caused by the coronavirus could delay the company's Final Investment Decision (FID) on its proposed Rio Grande LNG export plant.

Three Enbridge Pipelines Shut After Kentucky Gas Line Fire

The U.S. Pipeline and Hazardous Materials Safety Administration reported that Enbridge has shut three of its pipelines following an explosion on a portion of its Line 10 natural gas line earlier this week.

BP Midstream Sees Lower Onshore Oil Pipeline Volumes Amid Pandemic

The ongoing coronavirus pandemic has caused a drop in volumes on BP Midstream's onshore oil pipelines for the first quarter, the company said on Friday.

Williams Announces Agreement on Deepwater Gulf Project

Williams has agreed to transport natural gas from Chevron and Total's Anchor offshore development to the Discovery pipeline system.

No Estimated Timeline to Return Line 10 in Kentucky to Service: Enbridge

Enbridge says it has no estimated timeline to return to service a portion of its Line 10 natural gas pipeline that was damaged in an explosion on Monday.

Enbridge Mainline Volumes Fall, Company Posts Quarterly Loss

Flows on Enbridge's Mainline system dropped in Q1 as the company posted a loss during the same period.

Shell Midstream Offers Mars Sour Crude Storage as Offshore Producers Keep Pumping

Shell Midstream is offering to store barrels of Mars Sour crude as offshore producers continue to pump oil amid the coronavirus pandemic.

Plains All American Sees Drop in Pipeline Volumes, Capline Reversal Progressing

Flows on Plains All American pipelines fell this quarter leading to a $2.8 billion loss for the company. The reversal of its Capline systems is still progressing as planned.

Texas Eastern Gas Pipeline Explodes in Kentucky

Enbridge responded to an explosion Monday evening on Line 10 of its Texas Eastern system in Kentucky, and said Tuesday that it has shut-in a section of the pipeline. Gas futures rose on the news.

Williams Places Phase II of Hillabee Expansion in Service

Williams said it has placed Phase II of the Hillabee expansion project in service, adding natural gas capacity to the Transco system and direct access to Florida’s rapidly growing power generation market.

Magellan Midstream Diesel Flows Fall, Projects Continue

Magellan Midstream has reported a decline in diesel flows on its pipelines as drilling activity in the Permian Basin has dropped due to the collapse in oil prices.

U.S. Court Ruling Could Delay Keystone XL Pipeline Construction up to 1 Year

Construction of TC Energy's Keystone XL pipeline could be delayed by up to one year after a U.S. court ruling invalidated several permits issued for the project.

Phillips 66 Posts Loss on $3 Billion Writedowns in Refining, Transportation Units

Phillips 66 took $3 billion in writedowns during Q1, but strong earning in the company's midstream sector helped offset other losses.

TC Energy Boosts 2020 Capex to Build Keystone XL Pipeline

TC Energy, bolstered by better-than-expected quarterly profit earnings, is raising its capital spending budget for 2020 in order to build its Keystone XL Pipeline.

Cheniere Moderates 2020 U.S. LNG Growth Estimates

Due to the coronavirus pandemic, Cheniere Energy, the largest LNG company in the U.S., has cut its growth estimates for LNG exports as well as its investment in new projects.

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

Greece's DEPA and Italy's Edison are looking for contractors to build part of the EastMed gas pipeline.

Storms Damage Kinder Morgan Sabine Pass Pipeline

Kinder Morgan has declared force majeure on a gas pipeline flowing into the Sabine Pass export plant after storms damaged the pipeline requiring "immediate investigation and repairs.”

Calcasieu Pass Raises Roof for First LNG Storage Tank

Venture Global LNG said it raised the first LNG storage tank roof at its Calcasieu Pass export facility in Cameron Parish, Louisiana. The milestone was completed on schedule and comes eight months after the project’s final investment decision, it said..

Reporting Higher Q1 Profits, Enterprise Products CEO Puts a Personal Spin on COVID Response

Enterprise Products Partners’ outspoken co-CEO Jim Teague used a conference call with investors Wednesday as an opportunity to comment on the U.S. economic shutdown, reflecting on his personal experiences during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.

Enterprise Products Partners Cuts Capex, Says Oil Pipeline Volumes Steady

Enterprise Products has cut its capital expenditures for 2020 and says volumes on its oil pipelines have not yet declined as oil demand continues to drop around the world.

Moda Midstream Completes 10 Million Barrel Crude Oil Storage Expansion

Moda Midstream has placed its final 495,000-barrel oil storage tank into service at its 10-million-barrel storage facilities in Texas.

Poland's PGNiG Receives LNG Delivery from U.S.

Polish gas giant PGNiG received its third LNG delivery from U.S.-based Cheniere on Tuesday as part of the company's long-term plans to reduce reliance on Russia.

John Deere

John Deere updated its line of rotary cutter attachments with the new RX72 and RX84, designed for heavy-duty vegetation management applications, including property maintenance and right-of-way clearing.

Cheniere Commits More Than $1 Million to Global COVID-19 Relief Efforts

Cheniere Energy announced that it has pledged over $1 million for COVID-19 relief efforts around the world.

Canada's Inter Pipeline Enters into New C$1 Billion Loan Agreement

Canadian pipeline company Inter Pipeline has received an additional C$1 billion ($708.77 million) in revolving credit.

Cheniere Energy Midship Pipeline Approved for Service

The Midship natural gas pipeline, owned and operated by Cheniere Energy, has been approved by the Federal Energy Regulatory Commission to begin service.

Enbridge Will not Ration Mainline Deliveries as Oil Cuts Mount

Enbridge has said it will not ration space on its Mainline system as oil production continues to fall in the wake of the coronavirus pandemic.