Company News

Naturgy Trims Earnings Growth Forecast as Power Prices Squeeze Margins

An expansion of the Medgaz pipeline that brings gas from Algeria to Spain will be completed by the end of the year, Naturgy said.

Annual 500 Report Offers Few Surprises in Rankings

The list of companies leading the way in Pipeline & Gas Journal’s 41st annual 500 report will certainly be familiar to long-time midstream observers, with little shake-up in rankings occurring between the 2020 and 2021 editions of the publication.

23rd World Petroleum Congress Unveils United States Program

With the World Petroleum Congress back in the U.S. for the first time in decades, attendees will have a unique opportunity to hear in-depth discussions around specific areas where the U.S. is at the forefront.

Using Isolation Plug in Remote Area Pipeline Rerouting Project

A multinational pipeline company in Canada recently contacted STATS Group to provide leak-tight double block isolation of a 24-inch crude oil line that required to be rerouted because of terrain stability issues.

Canadian Pipeline Companies Enbridge, TC Energy Report Higher Profits

Canada's largest pipeline companies Enbridge Inc. and TC Energy Corp. reported a rise in third quarter profits on Friday, helped by rising demand for oil and gas that boosted pipeline volumes.

Michels Completes 15,000+ Foot HDD Crossing

Michels completed a 15,426-foot horizontal directional drill (HDD) of a 24-inch pipe crossing of Lake Sakakawea on the Missouri River in North Dakota, extending the limits of trenchless construction.

Carbon+Intel: Pembina Pipeline Looks to Work with Rival Canada Carbon Capture Plans

Canada's Pembina Pipeline Corp. is asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan.

Enterprise Products Oil Pipeline Volume Up 18% as Demand Recovers

Volumes on its natural gas liquids, crude oil, refined products and petrochemical pipelines have substantially recovered to near pre-pandemic levels despite temporary shut-ins from Hurricane Ida, the company said.

Australia's Macquarie Buys German Gas Pipeline Firm Thyssengas

Australian investment bank Macquarie Asset Management has agreed to buy Germany's second-largest gas pipeline operator, Thyssengas, to use the company's grid network to transport climate-friendly gases.

TWI Working With Joint Industry Project to Evaluate Gas Pipelines for Hydrogen Transport

TWI has joined forces with C-FER Technologies and the Sumitomo Corporation to launch a new Joint Industry Project with pipeline operators and manufacturers to evaluate the suitability of natural gas pipeline networks for transporting hydrogen.

EIG Shortlisted as Possible Buyer for Aramco Gas Pipelines

United States-based energy investor EIG has been shortlisted as a potential buyer of Saudi Aramco's gas pipelines, part of a sale that could exceed $17 billion and is likely to be completed later this year.

Equinor Q3 Surges on Gas and Derivatives, Boosts Share Buybacks

Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.

Phillips 66 to Acquire Remaining Stake in Partnership for $3.4 Billion

Phillips 66 Partners was formed by the refiner to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets.

Panel Favors Equitrans in EQT PA-WV Hammerhead NatGas Pipe Dispute

U.S. pipeline company Equitrans Midstream Corp said an arbitration panel ruled in its favor in a dispute with EQT Corp over the delayed startup of the Hammerhead natural gas pipe in Pennsylvania and West Virginia.

Wood Awarded Contracts for UK’s First Hydrogen Distribution Pipeline Infrastructure

Wood has been awarded the consenting and environmental assessment and engineering design contracts for Cadent’s HyNet North West, an innovative project that aims to unlock a lower carbon economy for northwest England and North Wales.

Kellas Midstream Developing Low-Carbon Blue Hydrogen Hub in Teesside, UK

The project, called H2NorthEast, would require construction of a 1GW facility producing blue hydrogen utilizing UK North Sea natural gas which is transported to the CATS terminal by a 400 km (249 mi) pipeline.

TC Energy Targets Net-Zero Emissions From its Operations by 2050

TC Energy Corp. said it would target net-zero emissions from its operations by 2050 after mounting pressure from investors and governments for energy companies to join the fight against climate change.

Citgo Boards in Last-Ditch Talks with Washington to Keep Creditors at Bay

The supervisory boards of Venezuela-owned Citgo Petroleum have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington's protection while Citgo pursues negotiations with creditors.

Shell Expects Ida-Hit Offshore Facility to Restart in November

Shell expects an offshore transfer facility, which was shut due to damage from Hurricane Ida, to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected.

Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor

Altus Midstream Co. said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 billion inclusive of debt.

Sources: US Slowing Down Oil and Gas Mergers

Regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden's administration scrutinizes deals in a bid to tackle soaring energy prices.

Exxon Board Debates Dropping Several Major Oil and Gas Projects

The board members expressed concerns about some projects, including a $30 billion LNG development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said.

Icahn Launches Offer for Southwest Gas Shares, Seeks to Replace Board

Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.

Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage

During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.

Brazil's Petrobras Agrees to Pay 1.4 Billion Reais for 2000 Oil Leak

Brazil's state-run oil company Petrobras said it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.

Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan

Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.

Cost-Effective Energy Recovery for Gas Pipeline Pressure Letdown Stations

Sapphire Technologies, a subsidiary of Calnetix Technologies, is harnessing high-speed magnetic technologies with a turboexpander generator that converts the kinetic energy produced by the PLD process into usable electrical energy.

Companies in the News October 2021

Kinder Morgan closed on its $310 million acquisition of Kinetrex Energy, which includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana and signed commercial agreements for three additional RNG facili..

What's New October 2021

Vermeer   Vermeer upgraded its truck-mounted vacuum excavator line with the new VXT300 truck vac, which is outfitted with an 8-cubic-yard (6.1-cubic-meter) spoil tank, 6-inch (15.2-cm) dig tube and the ability to carry up to 800 gallons (3,028 L) of water s..

Chief Oil & Gas Explores Sale for More Than $3 Billion

Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.