Company News

PetroChina Raising Gas Prices Ahead of Pipeline Reshuffle

Bucking its normal practice, PetroChina has reportedly started preparing to consolidate its pipeline assets while recouping import losses by raising wholesale natural gas prices during the weak-demand spring season.

Saudi Aramco Inks 20-year Deal with Sempra for LNG Supply

Saudi Aramco has signed a 20-year agreement to buy LNG from an export terminal that U.S.-based Sempra Energy is developing on the Texas Gulf Coast.

Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit

Brazil’s state-run oil firm Petrobras was cleared to move forward with the sale of its TAG pipeline unit to France’s Engie SA after Brazil’s Supreme Court ruled that state-run firms do not need congressional approval to sell their subsidiaries.

ExxonMobil to Expand Infrastructure for Growing Argentina Production

ExxonMobil announced it will proceed with long-term development in Argentina’s Vaca Muerta shale, including the construction of pipeline and export infrastructure to support an expected 55,000 oil-equivalent bpd by 2024.

Longhorn Midstream Launches Open Season for Delaware Basin Gathering System

Longhorn Midstream today announced that one of its subsidiaries, LM Touchdown Crude, has launched a binding open season to obtain commitments to support the development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin.

Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project

Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.

Sources: ADNOC Hires BAML, Mizuho for Natural Gas Pipelines Deal

Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil giant establishes new partnerships in an era of lower oil prices.

Enbridge Eases Mainline Pipeline Volume Terms in Response to Small Producers

Enbridge Inc has lowered oil-shipping requirements on its Mainline pipeline by nearly two-thirds, the company confirmed on Wednesday, a move likely to satisfy smaller producers that feared they would be elbowed out by the company’s initial requirements.

Dakota Access Opponents to Push for Hearing on Expansion

Dakota Access oil pipeline opponents plan to request a hearing on a proposal to nearly double the pipeline’s capacity.

Oregon County Officials Push Back Against Pipeline

County officials in southern Oregon are asking the federal government to deny construction of a 230-mile natural gas pipeline, alleging that project developer Pembina has overstated its economic benefits and downplayed its environmental impact.

Total Agrees to Buy LNG from Tellurian's Proposed Driftwood Project

LNG developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company's proposed $30 billion Driftwood export project in Louisiana.

Meritage Midstream Extends Binding Open Season on Thunder Creek NGL Pipeline System

Meritage Midstream has extended the binding open season to secure volume dedications to support the proposed construction and development on its Thunder Creek natural gas liquids pipeline.

Major Kenyan Oil Pipeline Project Facing Delays

Project Oil Kenya, a $3 billion oil project in Kenya which includes a $1 billion pipeline, began facing delays almost immediately after it was approved in June, according to a report by Petroleum Economist magazine.

Bolivia Seeks to Buy Petrobras Stake in Gas Pipeline to Brazil

Bolivia's state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday.

Kinder Morgan Considering Bakken Takeaway Expansion

Another pipeline could soon be carrying more Bakken oil out of North Dakota.

Plains All American Announces Open Season on Western Corridor Pipeline System

An affiliate of Plains All American Pipeline today announced a binding open season for long-term commitments for light crude oil transportation service on its Western Corridor Pipeline System

Minnesota Regulators Will not Appeal Ruling on Enbridge Project

Minnesota utility officials won’t appeal a ruling that shot down their approval of an environmental impact statement for Enbridge Energy’s plan to replace an aging crude oil pipeline.

Enterprise Announces Expansion Projects at Houston Ship Channel

Enterprise Products Partners announced three additional expansion projects that will increase its capacity to load crude oil, LPG, and polymer grade propylene (PGP) from its Enterprise Hydrocarbon Terminal on the Houston Ship Channel

Ritchie Bros. Sells Record $93 Million of Equipment in Two-Day Auction

Ritchie Bros, a global asset management and disposition company, recently held its yearly auction event in Columbus, Ohio, selling a record combined total of more than $93 million in heavy equipment.

Druzhba Pipeline Flows Resume Full Volume

Russian pipeline monopoly Transneft announced that crude flows have resumed in full on its Druzhba pipeline.

TechnipFMC Awarded Subsea Contracts for Reliance MJ1 Field in India

TechnipFMC said it has been awarded significant subsea contracts by Reliance Industries for the MJ1 field offshore India. The contracts cover fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.

Plains' Cactus II Oil Pipeline to Begin Line Fill in a Week, According to Source

Plains All American Pipeline LP’s 670,000 bpd Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said.

Shell Selling Canadian Midstream and Upstream Assets for $140 Million

Canada’s Pieridae Energy will buy gas assets in Alberta from Royal Dutch Shell for $144.77 million, Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern Canada.

U.S., Dominion Energy Ask Supreme Court to Hear Atlantic Coast Pipeline Case

The U.S. Solicitor General and Dominion Energy Inc asked the Supreme Court to hear an appeal of a decision that stopped Dominion from building the Atlantic Coast natural gas pipeline across the Appalachian Trail in Virginia.

Michigan AG Sues to Shut Down Enbridge Line 5

Michigan's attorney general sued Thursday to shut down dual oil pipelines in the Great Lakes, saying they pose an "unacceptable risk."

Flint Hills Considering Sale of Texas Crude Export Terminal

U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday.

First Compensation Deal for Contaminated Russian Oil Signed with Kazakhstan

Russia has agreed to pay Kazakhstan a fixed per-barrel rate of compensation for tainted oil, industry sources said on Wednesday, a breakthrough in an oil contamination crisis that disrupted Russian and Kazakh flows earlier this year.

Mexico's CFE Looking to Renegotiate Several Pipeline Contracts

Mexican state power utility CFE said on Tuesday it will seek to negotiate a “fairer” resolution to contractual disputes with companies behind several pipelines yet to go into operation, and whose costs have been questioned by Mexico’s president.

Texas Court Clears Path for Kinder Morgan's Permian Highway Pipeline

A lawsuit challenging Texas' pipeline approval process was dismissed by a Travis County District Court judge, clearing the way for Kinder Morgan to continue its construction of a $2 billion natural gas pipeline from the Permian Basin to the Gulf Coast.

Archrock Acquires Elite Compression for $410 Million

Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.