Infrastructure

WoodMac: M&A Deals in Permian Basin Exceed $100 Billion in 2023

The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multibillion-dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.

Glenfarne's Texas LNG, ABB Ink Deal for Core Equipment in Port of Brownsville Project

(P&GJ) — Texas LNG, a four million tonnes per annum LNG export terminal to be constructed in the Port of Brownsville, and ABB have signed a memorandum of understanding to collaborate on core automation and electrical equipment for the new facility.

Niger Set to Begin Oil Exports Through Benin Pipeline in January

Niger expects to export its first barrels of crude oil through a new Niger-Benin pipeline in January, the country's military leader Abdourahamane Tiani said on state television.

TC Energy's Coastal GasLink Seeks $737 Million from Contractor Over Project Delays

Coastal GasLink, a Canadian natural gas pipeline partnership operated by TC Energy, is seeking C$1.2 billion ($737 million) from one of its main contractors for construction delays and may be liable for a similar amount if an arbitrator rules against it, court documents showed ahead of a hearing this month.

Occidental Petroleum to Acquire Permian Oil, Gas Producer CrownRock for $12 Billion

Occidental Petroleum said on Monday it would buy Permian basin-focused energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. oilfield.

Serbia Launches Gas Pipeline Interconnector with Bulgaria, Diversifying Supplies

Serbia on Sunday completed the interconnector to a pipeline in Bulgaria, which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.

Inpex, JERA Urge FERC to Approve Venture Global's CP2 LNG Project in Louisiana

JERA's letter to the U.S. Federal Energy Regulatory Commission (FERC) dated Friday, which followed Inpex's letter on Thursday, reiterated the role of the CP2 LNG project in securing Japan's energy supply.

Mexico's Pemex Eyeing Later Refinery Start-Up Date, Months After Initial Announcement

Mexican state-owned oil company Petróleos Mexicanos is working to nail down the start-up date at its newest refinery, months after the government said it had begun early output to ramp up to full capacity by December.

Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.

Fluxys, OGE, Wintershall Dea Partner for CO2 Transport from Southern Germany to Belgian Hubs

(P&GJ) — Fluxys Belgium, Wintershall Dea, and OGE are joining forces to create a CO2 corridor transporting emissions from Southern Germany to Belgium's developing CO2 export hubs for storage in the North Sea reservoirs.

Cepsa CEO: Hydrogen Urgently Needs Demand, Infrastructure

Cepsa, an oil, gas and chemicals company, is investing more than 3 billion euros ($3.3 billion) to create Europe’s largest clean hydrogen hub and an additional 2 billion euros in solar and wind facilities in southern Spain, making use of prime locations on the Mediterranean and Atlantic for exportation to northern Europe.

DT Midstream Reaches Early Mechanical Completion of LEAP Phase 2 Expansion

(P&GJ) — DT Midstream Inc. has reached early mechanical completion of its Phase 2 LEAP Gathering Lateral Pipeline expansion. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024.

Exxon Outlines $27 Billion Annual Project Spending; Golden Pass LNG Plant Set for 2025 Start-Up

Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals.

U.S. Coast Guard Finds Sheen Near Oil Spill in Gulf of Mexico

The U.S. Coast Guard said on Wednesday it found a light sheen west of an area in the Gulf of Mexico where it was leading the clean-up of a million-gallon (liters) oil spill for nearly three weeks but could not confirm if the sheen was from that spill.

Implementing the New Pipeline Security Directive

(P&GJ) — The digital era has ushered in unprecedented opportunities and new vulnerabilities that can create ripple effects across our nation’s critical infrastructure. Nowhere is this more evident than in our essential pipeline systems.

NGL Energy Partners Launches Open Season for 550-Mile Grand Mesa Crude Pipeline

(P&GJ) — Grand Mesa provides takeaway capacity for crude oil producers in the Denver-Julesburg Basin. It originates in Weld County, Colorado, and extends approximately 550 miles southeast to NGL Crude Cushing’s storage terminal at Cushing, Oklahoma.

Shell Shortlists CNOOC and Vitol for Singapore Assets Sale

Shell has shortlisted at least four companies including state-run China National Offshore Oil Corp. (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.

Venture Global LNG Expects Extended Start-Up at Second Plant, Says CEO

A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest, CEO Mike Sabel told Reuters.

Republican States Challenge EPA's Pipeline Veto Power Expansion in Federal Lawsuit

A group of 11 Republican-led states and energy industry groups have challenged a U.S. Environmental Protection Agency rule that bolsters state and tribal veto power over pipelines and other major infrastructure projects that might pollute rivers and streams.

Trans Mountain Pipeline Expansion Faces Further Delays, Posing Financial Challenges for Canadian Oil Producers

Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia.

Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand

Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.

Petroecuador Exceeds 400,000 bpd Crude Oil Output; Addresses Oil Spill in Shushufindi River

Ecuador's state oil company Petroecuador said Sunday that crude oil output surpassed 400,000 barrels per day (bpd) for the first time since January 2021.

Michigan Regulators Approve Enbridge Great Lakes Tunnel for Oil Pipeline

Michigan regulators on Friday approved Canadian pipeline company Enbridge's application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the $750 million project.

Mountain Valley Pipeline Owner Equitrans Considering Asset Sale

While there is no certainty that the company would decide to proceed with the sale, it would likely attract interest if it were to launch a sale process in early 2024, coinciding with the expected completion of the Mountain Valley pipeline.

Williams Becomes Third Largest DJ Basin Gatherer with Cureton Front Range, RMM Acquisitions

(PGJ) — Williams secures the third-largest DJ Basin gathering position by acquiring Cureton Front Range LLC, including gas gathering pipelines and two processing plants, and 100% ownership in Rocky Mountain Midstream Holdings LLC.

Drones Used to Improve Safety of Pipelines

(P&GJ) — There’s no way around it — infrastructure inspection is as risky and dangerous as it is vital. For the past few years, companies have begun experimenting with unmanned aerial systems (known as UAS, or drones) to help improve worker safety, among other benefits.

DIMP-Related Replacement Work Continues in U.S.

(P&GJ) — While the amount of work to replace cast-iron and bare-steel pipe has declined in volume – following the implementation of the Gas Distribution Integrity Management Program (DIMP) in 2009 – there is still plenty of construction left to be done.

Editor’s Notebook: Trouble in the Heartland

(P&GJ) — It seems that even CO2 pipelines — a centerpiece of the Biden administration’s net zero greenhouse gas reductions policy — can’t catch a break when it comes to getting out of the starting block where permitting and public opinion are concerned.

RSI Verifies Validation Results for Pipeline Tool

(P&GJ) — Plastometrex, a provider of advanced mechanical testing technologies, received a successful independent review of the pipeline validation testing data from its novel material verification tool.

Elliott Takes $1 Billion Stake in U.S. Pipeline Operator Phillips 66, Urges Board Revamp

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance.