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Development of a clear climate framework and a global emissions target is essential if $48-53 trillion for a new sustainable energy infrastructure is to be delivered, according to a new report from the World Energy Council.

The findings are discussed in the fifth edition of the energy leaders’ dialogue series, the World Energy Trilemma Report, ‘Priority actions on climate change and how to balance the energy trilemma,’ released by the World Energy Council and project partner Oliver Wyman, along with the Global Risk Centre of its parent Marsh & McLennan Companies.

There is a lot to talk about these days at Lyall. The company that has been supplying gas piping products to natural gas utilities across the United States for the past 45 years continues to expand, bringing its manufacturing expertise to new markets within the oil and gas industry.

NEW YORK (AP) — A partnership run by Marathon Petroleum will spend $14.69 billion to buy MarkWest Energy Partners, a company that splits natural gas into other fuels.

The combined company will have a market capitalization of $21 billion and tie up Marathon's huge pipeline network with the refiner.

OMAHA, Neb. (AP) — Regional utility Black Hills Corp. is buying natural gas provider SourceGas, which serves 425,000 customers in Nebraska, Arkansas, Colorado and Wyoming, for roughly $1.2 billion.

Black Hills is buying control of SourceGas from investment funds Alinda Capital Partners and GE Energy Financial. As part of the deal, Black Hills is also assuming $720 million of debt and expecting to receive $150 million in tax benefits.

McDermott International, Inc. was awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi Arabian waters. Engineering and procurement is expected to be performed by McDermott’s teams in Dubai, and Al Khobar, Saudi Arabia. The jackets are scheduled for fabrication by McDermott’s Dubai, U.A.E.-based fabrication facility.

The latest Annual Energy Outlook 2015 (AEO2015) prepared by the federal Energy Information Administration (EIA) presents long-term annual projections of energy supply, demand and prices through 2040. This analysis focuses on six scenarios: a reference case, low and high economic growth cases, low and high oil price cases, and the high oil and gas resource case.

Vaquero Midstream is moving forward on its gas-gathering and processing project in the Southern Delaware Basin. The company selected a site in Pecos County near the Waha Hub and the Lone Star NGL pipeline.

Additionally, Vaquero anticipates building an extensive gathering footprint in the area, with over 100 miles of 8- to 30-inch pipeline, connected to central delivery points on producers’ acreage blocks. The company plans to complete construction of the plant and gathering system over the next 12 months with the complex in operation by mid-2016.

NEW ORLEANS (AP) — The company blamed for a 31-acre sinkhole that forced 350 rural Louisiana residents out of their homes has sued Occidental Petroleum Corp., claiming that negligent drilling and production contributed to the damage.

Texas Brine Co. said Occidental and Oxy USA Inc. should have to cover more than $100 million in damages that Texas Brine has paid or will have to pay.

Occidental did not immediately respond to a request for comment on the lawsuit, filed Thursday in Assumption Parish.

For every opportunity in the natural gas business there is an equal challenge, and conversely, every challenge can be turned into an opportunity. That’s the nature of the gas business today, but as any industry observer will tell you, that’s been the nature of the beast for the last 15 years.

Operating pipelines at high pressure and low temperature can lead to natural gas hydrate formation, even with modest water content. Hydrate formation is also a growing concern as flow measurement equipment and operators become more accustomed to handling wet gas flow.

Hydrate particles can attach to pipe walls, instruments, and other structures within the pipeline, which can then lead to gas measurement errors or instrument failure due to solid particle attachment or high-velocity impacts.