Infrastructure
Genting Berhad Signs $963 Million Deal for Indonesian Floating LNG Facility
Genting Berhad has signed a $962.8 million deal for a floating LNG facility from China's Wison New Energies, the Malaysian company said on Thursday.
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
QatarEnergy, Exxon Move to Remove Contractor from Texas Gas Project Amid Bankruptcy
Joint venture partners QatarEnergy and ExxonMobil are urgently seeking court action to remove contractor Zachry Industrial from their $10-billion Golden Pass LNG project in Texas.
TGS Proposes $500 Million Expansion of Vaca Muerta Gas Pipeline
Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline that connects to the country's massive Vaca Muerta shale oil and gas formation.
Russian Court Orders $102 Million Award of Commerzbank Assets to Pipeline Firm
A Russian court has ordered that Commerzbank assets worth $101.86 million be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.
Aiteo Suspends 50,000 bpd Oil Production in Nigeria Following Leak
Nigerian energy firm Aiteo has shut down all oil production at its Nembe Creek facility, nearly 50,000 barrels per day of output, after detecting a leak, the company said on Wednesday.
TotalEnergies, NNPC to Invest $550 Million in Nigeria Gas Facility
The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorized to speak on the issue.
Indonesia to Begin Construction of 152-Mile Java Gas Pipeline in July
Indonesia plans to start in July construction of a 245-km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday.
Phillips 66 Refining Margins Tighten on TMX Expansion Start-Up
U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May.
Geospatial Analytics: Predictions, Trends, and A.I. Applications for Pipeline Management
Geospatial analytics is revolutionizing pipeline management for oil and gas companies, enabling efficient monitoring of vast infrastructure. Utilizing A.I.-powered technologies, this approach detects potential leaks, encroachments, and chemical traces, ensuring early detection and minimizing environmental impact.
Biden Administration Offers $200 Million in Grants to Fix Aging Gas Pipelines
(P&GJ) — The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration is now accepting applications for nearly $200 million in grants aimed at repairing and modernizing aging natural gas pipes.
Meld Energy Gets Approval for $317 Million Hydrogen Facility in Hull
Meld Energy has received approval from the East Riding of Yorkshire Council to build a $317 million, 100-megawatt green hydrogen production facility at Saltend in Hull.
Cormetech and Ozona Partner on Full-Scale Carbon Capture Project
Cormetech Inc. and Ozona CCS LLC have signed an agreement to develop and operate a full-scale carbon capture and sequestration (CCUS) system with integrated NOx reduction.
Shell to Acquire Singaporean LNG Firm Pavilion Energy from Temasek
Shell has agreed to buy Singaporean LNG company Pavilion Energy from global investment company Temasek in a move the oil major said will strengthen its leadership position in LNG, according to statements on Tuesday.
Berkshire Hathaway Increases Stake in Occidental Petroleum to Nearly 29%
Billionaire Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil producer's common stock to nearly 29%.
States Sue U.S. to Block $7 Billion Rule Requiring Oil Firms to Guarantee Well Dismantling Payments
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure.
Enbridge Faces Michigan AG's Attempt to Halt Line 5 Pipeline in State Court Decision
A U.S. appeals court on Monday handed Michigan's attorney general a jurisdictional victory in her bid to force Enbridge to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes by allowing her to pursue her case in state rather than federal court.
Energy Transfer Submits HSR Act Filing for WTG Acquisition; Adjusts Purchase Price to $3.1 Billion
WTG owns and operates the largest private Permian Basin gas gathering and processing business with assets located in the core of the Midland Basin.
Colonial Pipeline Owners Explore Stake Sales at $10 Billion Valuation: Sources
Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter.
ONEOK Completes Acquisition of 450-Mile Texas-Louisiana NGL Pipeline System
ONEOK Inc. has completed its acquisition of a system of natural gas liquids pipelines from Easton Energy for approximately $280 million.
Gulf Coast CCUS Draws New Entrants as Projects Advance
The carbon capture, utilization and storage (CCUS) industry on the U.S. Gulf Coast is evolving as projects slowly progress and new players move in. Their entry could help spur development of the industry, which is already advanced on the Gulf Coast, compared with most other parts of the world, except for the North Sea.
Sound Energy Sells Moroccan Gas Assets to Managem for $45.2 Million
Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.
Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex.
New Fortress to Begin LNG Production at Mexico Plant by the End of June
New Fortress Energy said on Friday it expects to start production of LNG at its offshore Altamira-based plant in Mexico in the next ten days and would begin shipping the gas in July.
Uniper Plans Steps to Boost Hydrogen Port at Wilhelmshaven
German utility Uniper will focus on talks with a big customer and early steps to develop hydrogen storage facilities this year after winning EU backing for two clean energy projects at the North Sea port of Wilhelmshaven, its operations head said.
Allseas Completes 163-Mile Barossa Gas Export Pipeline in Timor Sea
Allseas has completed the 262-kilometer (163-mile) Barossa gas export pipeline in the southern Timor Sea.
Phillips 66 to Sell 25% Stake in Rockies Pipeline for $1.28 Billion to Tallgrass Energy Unit
Phillips 66 said it would sell its 25% stake in the 1,714-mile Rockies Express Pipeline (REX) for about $1.28 billion to Tallgrass Energy.
Chevron Australia Initiates Repair Work on Wheatstone Platform
Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.
Ukraine Secures First LNG Supply Deal with U.S. Firm Venture Global Amid Energy Crisis
Ukraine signed on Thursday its first LNG deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbor Russia.
Temasek Nears Completion of Pavilion Energy LNG Sale to Shell, Sources Say
Singapore's Temasek Holdings is finalizing the sale of some assets from LNG trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
