North America
Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Million
The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators more valuable.
U.S. Oil Export Growth Slows as Output and Global Demand Wane
U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish.
Caliche to Expand Gas Storage and Carbon Sequestration with Sixth Street Backing
The investment will fund the expansion of the Golden Triangle Storage facilities in Beaumont, Texas, and the Central Valley Gas Storage in Princeton, California, including the addition of two new natural gas caverns.
Oklahoma Midstream Firm to Move Headquarters to Downtown Tulsa
Superior Midstream has announced that it will relocate its corporate offices to downtown Tulsa, with the move scheduled for January 2025.
Report: U.S. Oil, Gas M&A Activity Soars 57% in 2023 Amid Industry Consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on Tuesday.
New Fortress Energy’s Fast LNG 1 Resumes Production After Maintenance Outage
New Fortress Energy Inc. has resumed production at its 1.4 MTPA Fast LNG 1 unit offshore Altamira, Mexico, following a scheduled maintenance outage.
One Killed in Offshore Natural Gas Pipeline Explosion in Louisiana
An offshore natural gas pipeline that exploded near Venice, Louisiana, on Saturday night, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said on Monday.
Oil Producer APA Explores $1 Billion Sale of Permian Basin Assets: Sources
APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters.
Pipeline Capacity Shields Canadian Oil Exports from Rail Strike Impact
A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to the matter said.
TC Energy Completes $1.14 Billion Sale of Portland Natural Gas Transmission System
TC Energy Corp. has completed the sale of its Portland Natural Gas Transmission System for $1.14 billion, in partnership with Northern New England Investment Company, Inc., a subsidiary of Énergir.
U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
A U.S. appeals court on Friday tossed out several natural gas pipeline safety standards adopted by President Joe Biden's administration following industry criticism about the massive costs on pipeline operators.
Texas Oil Billionaire, Endeavor Energy Founder Autry Stephens Dies at 86
Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, died at age 86 after a prolonged battle with cancer, the company disclosed on Friday.
Texas RRC Levies Over $2 Million in Penalties for Oil, Gas Violations
The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state's oil and gas industry.
North Dakota Oil Production Drops Again in June, Hits 1.18 Million bbl/d
North Dakota's oil production fell by 22,500 barrels per day (bbl/d) in June to an estimated 1.176 million bbl/d, the state's Pipeline Authority said on Thursday, marking a second straight monthly decline.
Tennessee Pipeline Gets Initial FERC Approval
FERC has given a preliminary green light to East Tennessee Natural Gas to build 122 miles of 30-inch-diameter natural gas pipeline, providing about 300,000 dekatherms per day of firm natural gas transportation to the Tennessee Valley Authority’s Kingston Fossil Plant.
Brazos Midstream Nears Completion of 175-Mile Gas Pipeline in Midland Basin
The pipeline network covers several counties including Ector, Howard, and Midland, and will connect to 10 compressor stations. Once this phase is completed, Brazos will manage around 260 miles of gathering pipelines in the Midland Basin.
U.S. to Purchase Oil Through 2025 After Massive 2022 Drawdown
The U.S. is slowly replenishing the Strategic Petroleum Reserve, planning to buy back millions of barrels of oil for delivery in the first several months of next year, after the largest ever sale from the stockpile in 2022.
Harris Walks Fine Line on Energy, Keeping Voters and Industry Guessing
Is she the climate and anti-pollution warrior who was attorney general of California? Or the pragmatic Number Two in the Democratic Biden administration that oversaw record U.S. oil production and exports.
NextDecade to Appeal Court Ruling Overturning Rio Grande LNG Project Approval
U.S. liquefied natural gas developer NextDecade said it will appeal a court ruling that overturned federal approval for its $18 billion Rio Grande LNG project and warned loss of its permits could prevent access to its loans.
BP Tells Regulators Venture Global's LNG Plant Doesn't Need More Time to Start Production
Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.
Edge Architecture Under Siege: Essential Cybersecurity Strategies for Oil and Gas Leaders
Join our expert panel on August 29, 2024, at 10 a.m. CDT to explore crucial strategies for enhancing cybersecurity in edge architectures. Learn how to prepare for and respond to cyberattacks in the oil and gas sector. Register now to secure your spot!
Maverick Natural Resources Explores $3 Billion Sale, Sources Say
The Houston-based exploration and production company, which is owned by energy-focused investment firm EIG, is working with investment bankers at Jefferies on the sale process, the sources said, requesting anonymity as the discussions are confidential.
Texas Oil Regulator Faces Scrutiny as "Zombie" Wells Reemerge
On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being plugged just over a year earlier, hissing gas and bubbling toxic water into the dry Texas dirt.
CPP Investments Acquires $843 Million Stake in Private Midstream Firm Tallgrass Energy
Based in Denver, Colorado, Tallgrass is a leading infrastructure company operating a network of more than 10,000 miles of pipeline assets across 14 states in the U.S.
Oil Investors Slash Positions to Record Low Amid Global Market Turmoil: Kemp
Investors cut their petroleum positions to the lowest level for at least a decade early last week, part of a broad-based retreat from risk amid rising concerns over a global economic slowdown.
Exxon Reports 59 Layoffs to Texas Workforce Commission After Pioneer Acquisition
Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission.
Alabama Town to Begin $2.8 Million Natural Gas Pipeline Project with Infrastructure Funds
Cordova, Alabama, will kick off a major natural gas pipeline replacement project with a groundbreaking ceremony on August 20.
U.S. Shale Boosts Output with Fewer Rigs, Defying Post-Merger Slowdown
Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year.
Navigator Gas, Bumi Armada, Bluestreak CO2 Partner with Uniper for UK CO2 Export Study
This partnership aims to establish a comprehensive CO2 value chain, including shuttle tankers and storage units, to transport and store captured CO2 from Uniper’s Grain site.
U.S. Gulf Coast to Host Major Clean Ammonia Production Project with New Investment
The $2.5 million investment aims to establish an industrial-scale hybrid blue and green ammonia facility in Texas. The plant is expected to produce 1.4 million metric tonnes of ultra-low carbon ammonia annually.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
