Company News

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.

Oasis Midstream Announces Johnson's Corner Gathering Pipeline System Open Season

Oasis Midstream Partners today announced that Bighorn Devco LLC is commencing a binding open season for the Johnson's Corner Gathering System Project, a crude oil gathering pipeline system to be constructed in McKenzie County, North Dakota.

Williams Announces Upstream Operator and Joint Venture in the Wamsutter Field

NGL volumes from each of the legacy upstream assets will be combined and dedicated to Williams, adding transportation volumes on Overland Pass Pipeline and Bluestem, and increasing downstream fractionation volumes at attractive rates.

Inter Pipeline Files Joint Information Circular in Support of Combination with Pembina

Inter Pipeline Ltd. has filed a joint information circular and related materials for its virtual-only 2021 annual and special meeting of shareholders to be held on July 29 in connection with the proposed strategic combination with Pembina Pipeline Corporation.

Pipeline & Gas Journal Accepting Nominations for Inaugural P&GJ Awards

Pipeline & Gas Journal is accepting nominations for its inaugural Pipeline & Gas Journal Awards, which will honor the midstream energy segment’s leading innovations and outstanding personal contributions to the industry.

Oman State Energy Firm OQ May Sell Drilling Business

Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.

Shell Opens 10 MW German Hydrogen Electrolyzer to Boost Green Fuel Output

Royal Dutch Shell launched Europe's biggest hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery after two years of construction, as it expands further into alternative energies.

Energy Trader Mercuria Posts Record Profit for Volatile 2020

Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.

EBRD Stops Investing in Upstream Oil and Gas to Align with Paris Goals

The European Bank for Reconstruction and Development will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement, but will continue to finance select projects in the midstream and downstream sectors.

Tellurian Signs Long-Term Lease with the Port of Lake Charles

Tellurian Inc. announced its wholly owned subsidiary, Driftwood LNG, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in Sulphur, Louisiana.

Enbridge Raises Funds from Sustainability Bonds in Climate-Goal Push

Enbridge Inc said it has closed its inaugural sustainability-linked bond, the first company in the midstream sector to raise sustainable bonds in North America, as it moves a step closer to its environmental goals.

Saudi Aramco Seeks Financing Advisor for Gas Pipeline Deal

Saudi Aramco has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant's second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said.

S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline

State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling.

Southwest Gas Begins RNG Projects to Provide Clean Energy to Customers

Southwest Gas is actively working with RNG developers to interconnect various RNG projects across company service areas with Southwest Gas' facilities. There are four projects in Arizona and one in California that are approved and will take RNG to market shortly.

Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say

Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.

PipeChina Aims for Peak Carbon Emissions Before 2030

China Oil and Gas Pipeline Network, or PipeChina, aims to bring its carbon emission and energy consumption to a peak before 2030, a company manager said.

Gazprom’s Amur Gas Processing Plant Nearing Completion

Gazprom’s Amur Gas Processing Plant project is more than 75% complete following its commissioning ceremony for the first production train earlier this month.

Magellan, Enterprise Working with Intercontinental Exchange for Houston Crude Oil Futures Contract

Magellan Midstream Partners, Enterprise Products Partners and Intercontinental Exchange announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.

Sypris Wins Awards from Two High-Pressure Energy Projects

Sypris Technologies, a subsidiary of Sypris Solutions, recently received orders for specialty high-pressure closures for use in two large projects, the Golden Pass LNG Export project and the Cherry Point Refinery Renewable Diesel Optimization project.

Brookfield Includes All-Cash Option in Inter Pipeline Offer

Brookfield's revision comes as the investment firm tries to beat a rival bid from Pembina Pipeline Corp, which has been recommended by Inter's board.