Company News
Venture Global to Sell LNG to China National Offshore Oil Corp
Venture Global LNG said it has signed a 20-year deal to sell liquid natural gas to a unit of China National Offshore Oil Corp.
Norway's Aker BP in $14 Billion Deal to Buy Lundin Energy's Oil and Gas
Norway's Aker BP will buy the oil and gas business of Sweden's Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental shelf.
Gazprom Expects Dividend on 2021 Results at More Than 45 Roubles/Share
Russian energy giant Gazprom expects to pay dividend on 2021 results of more than 45 roubles ($0.6087) per share thanks to high oil and gas prices.
RWE Zeroing in on Green Hydrogen Production Plans
Germany’s RWE, signed a contract with professional services firm Jacobs to study the production and supply of green hydrogen at the Pembroke Power Station in Wales.
Proteum Energy and Istmo Energy to Produce Low-Cost Hydrogen in the Permian Basin
Proteum Energy entered a Memorandum of Understanding with Istmo Energy for Proteum to provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen.
BP to Buy Out US Pipeline Partnership in $723 Million Deal
BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn't already own in a more than $700 million deal.
Enterprise Completes Expansion of Acadian Natural Gas Pipeline System in Louisiana
Enterprise Products Partners recently started commercial service on its new Gillis Lateral pipeline and associated expansion of its Acadian Haynesville Extension system to serve the growing LNG market on the Gulf Coast.
Investor Group Faults New Exxon Board Members on Climate Transition Plan
A coalition of Exxon Mobil Corp. investors wants the oil company to replace its chief executive officer and move more aggressively to slash greenhouse gas emissions.
Pipeline Technology Specialist STATS UK Acquired by SRJ Technologies for £73 Million
The acquisition combines STATS with SRJ’s portfolio of technologies that are positioned to capitalize on global energy market growth and the transition to green energy.
Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022
Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year.
Primoris Services Announces Over $225 Million in Utilities Segment Awards
Primoris Services Corporation announced two new Master Service Agreements totaling over $225 million for gas distribution projects in California.
ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp
ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.
What's New December 2021
News from Dekotec GmbH, AIO, Sensor Networks, Endress+Hauser, Farwest, Weldcote and Honeywell.
Companies in the News December 2021
Texas Pipeline Operator Altus to Combine with BCP Raptor Altus Midstream will merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt. The transaction allows BCP to go public and gives control of..
Med-Red Begins Shipments Through EAPC Pipeline Network
Med-Red Land Bridge Company signed its first contract for a vessel to use the recently recommissioned 150-mile (242-km) pipeline owned by Europe Asia Pipeline Company.
Magellan Exploring Options for its Permian Longhorn Crude Pipe
Magellan Midstream Partners LP is evaluating alternative uses for its Longhorn crude pipeline from Texas's Permian Basin, including converting it to carry other commodities like natural gas or refined products.
Chesapeake Energy Launches $1 Billion Stock Buyback
Chesapeake Energy Corp. said it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows.
Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise
Enbridge Inc. on Tuesday raised its dividend and announced plans to buy back shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas.
BlackRock, Saudi Asset Manager Hassana Sign Deal for Aramco's Gas Pipelines
Saudi Aramco said it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.
Energy Transfer Completes Acquisition of Enable Midstream
Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.
MVP Expands Pipeline Holdings into Midland Basin
MVP Holdings acquired Echo Canyon Pipeline Holdings and its subsidiaries to substantially expand its crude business in the highly active southern Midland basin of West Texas.
Palantir and Kinder Morgan Sign Agreement to Strengthen Pipeline Operations
Kinder Morgan will use Foundry to analyze millions of data points from sensors across its entire pipeline network, contracts and storage assets, electricity consumption and weather data, grid data and commodities data.
Pembina Nixes Jordan Cove LNG Plant Project in Oregon
A unit of Canadian energy company Pembina Pipeline Corp. told U.S. energy regulators that it would not move forward with its proposed Jordan Cove LNG export plant in Oregon.
Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.
Michigan Drops Federal Case Against Enbridge Pipeline to Clear Way for State Court Case
The move is a welcome development for Enbridge in one part of the long-running battle over Line 5, but Governor Gretchen Whitmer made it clear she will continue to fight against the 68-year-old oil pipeline.
Navigator and OCI Agree on CO2 Transportation, Storage Services Through Heartland Greenway
Navigator CO2 Ventures announced it has entered into an agreement with Iowa Fertilizer Company facility to provide CO2 transportation and storage services on its CCS system, the Heartland Greenway.
Gazprom Reports Record Quarter Profits on Surging Gas Prices
Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.
Carbon+Intel: Capital Power and Enbridge Collaborate to Reduce CO₂ Emissions in Alberta
Capital Power Corporation and Enbridge Inc. announced a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta.
Pembina CEO Mick Dilger Steps Down
Pembina Pipeline Corporation announced that Mick Dilger has stepped down as president and CEO to pursue other opportunities. Chief Financial Officer Scott Burrows will take the top job on an interim basis.
GTI Exploring Innovative Hydrogen Production Technology to Enable Expanded Use
GTI is exploring innovative hydrogen production and generation technology developments to enable expanded use of hydrogen economy wide, as detailed in a Tech Talk this month.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
