Companies

New Midstream Joint Venture to Provide Permian Basin NGL Takeaway Capacity

Three U.S. midstream companies have formed a new joint venture to provide transport solutions for natural gas liquids in the Permian Basin.

BP Midstream Pipeline Volumes Fall 10% in Q2, Revenues Up

BP Midstream announced that pipeline volumes fell 10% in Q2 due to shrinking demand caused by the coronavirus pandemic while revenues for the company rose over the same period.

Cheniere Energy Accelerates LNG Plant Expansion Amid Q2 Profit Gains

Cheniere Energy is planning to accelerate the planned expansion of two of its LNG export facilities in Texas after being analyst profit estimates in Q2.

U.S. Appeals Court Allows Dakota Access Pipeline to Keep Running

A U.S. appeals court on Wednesday said that the Dakota Access Pipeline does not have to be shut and drained per a lower court order.

Freeport Seeks More Time to Build Train 4 at Texas LNG Facility

Freeport LNG has requested more time to complete its proposed fourth liquefaction train at its LNG facility in Texas.

Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline

Equitrans Midstream confirmed on Tuesday that the company plans to start up its Mountain Valley natural gas pipeline by early 2021.

National Fuel Completes Acquisition of Shell Pennsylvania Upstream and Midstream Assets

National Fuel announced it has completed the purchase of upstream and midstream assets in Pennsylvania from a subsidiary of Shell.

MPLX Sees $100 Million Earnings Hit if Bakken Oil Pipelines Shut

MPLX, the midstream branch of energy firm Marathon, announced it could begin losing $100 million a year if closures of two North Dakota pipelines were to take effect.

Shell Midstream Cuts Costs as Demand Destruction Hits U.S. Pipeline Flows

Shell Midstream has announced spending cuts as demand fell across many of its U.S. pipeline operations.

Dominion Overhauls Leadership, Announces New CEO

Dominion Energy on Friday announced a reorganized executive leadership team, including a new CEO, as it reported a $2.8 billion second-quarter charge related to the cancellation of the Atlantic Coast natural gas pipeline.

Dominion Takes $2.8 Billion Charge to Exit Atlantic Coast Project

Dominion Energy announced on Friday the company took a nearly $3 billion charge in the second quarter due to the cancellation of its Atlantic Coast natural gas pipeline.

Enbridge Sees Improving Mainline Oil Volumes

Canadian pipeline operator Enbridge on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.

Petrobras Sells Remaining Stake in TAG to Engie Brasil, CDPQ

Petrobras, Brazil's state-owned oil company, has agreed to sell its remaining stake in natural gas pipeline company TAG Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).

Snam and Baker Hughes Test First Hydrogen Hybrid Turbine for Gas Transportation

Snam and Baker Hughes have announced the successful completion of testing for a new "hybrid" turbine that will allow pipelines to carry hydrogen along with natural gas.

Chevron to Buy Noble in Biggest U.S. Energy Deal Since Oil Crash

Chevron said on Monday it would buy Noble Energy for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.

Buckeye Partners Begins Operations at South Texas Gateway Export Terminal

Buckeye Partners has begun exporting oil from its new South Texas Gateway terminal in Corpus Christi, TX.

FERC Gives Delfin Another Year to Build Louisiana Floating LNG Project

U.S energy regulators have given Delfin LNG a second one-year extension to build it's floating LNG project off the coast of Louisiana.

Companies in the News

Ithaca Acquisitions Holdings has acquired the former pipe fabrication assets of The Shaw Group from McDermott International. Ithaca said it would rename itself Shaw Acquisitions Holdings and operate the business as Shaw. Founded in Baton Rouge in 1987, Shaw’s operations include seven manufacturing f..

Custom Adapters, Tubing Eliminate Leaks, Allow Retrofitting

To complete engine retrofits at older pipeline compressor stations, HES has come to rely on specially designed fuel injector adapters from Swagelok that provide leak-tight connections to eliminate fugitive emission worries.

Carbon Dioxide Pipelines Seen as Cost-Saving Measure in Troubled Times

By Richard Nemec,  Contributing Editor It was difficult to find a silver lining in the outlook of Occidental Petroleum Corp.’s CEO Vicki Hollub and her senior executive colleagues in early May when they prepared for the Houston-based mid-major’s first-quarter 2020 earnings conference call.  ..

China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources

China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.

Supreme Court Reinstates Permit 12 but Excludes Keystone XL

The U.S. Supreme Court reinstated use of the Army Corps of Engineers' Nationwide Permit 12 but refused to allow use of the fast-track permit to resume work on TC Energy's Keystone XL project.

Developers Cancel Long-Delayed Atlantic Coast Pipeline

The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.

Record Debts Come Due for Canadian Energy Companies

The Canadian energy industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months. Maturing energy debts this year are more than 40% higher than 2019.

BP Closes Part of Alaska Sale to Hilcorp; Pipeline Under Review

BP announced it has closed part of its planned $5.6 billion sale of Alaskan assets and operations to Hilcorp, but its stake in Trans Alaska Pipeline is still under regulatory review.

NiSource to Pay $56 Million to Resolve Gas Blasts Probe

NiSource Inc will pay $56 million to resolve a probe into Massachusetts gas explosions in 2018 linked to a utility it owns that killed one person and destroyed multiple buildings, the state's attorney general said.

Align Midstream Partners Completes TOPS Pipeline

Align Midstream Partners has announced the completion of its TOPS Pipeline and the formation of a joint venture in the pipeline with Sabine Oil & Gas.

Alaska Officials Approve BP's Sale of Pipeline, Oil Leases to Hilcorp

Alaskan energy officials on Monday approved the sale of BP's pipeline and oil and gas assets to Hilcorp Energy as part of a previously announced multi-billion dollar deal.

Chesapeake Asks to Cancel Pipeline Contracts Amid Bankruptcy Filing

Chesapeake Energy is looking to cancel more than $300 million worth of pipeline contracts as part of its Chapter 11 bankruptcy proceedings.

Black Bear Transmission Announces Purchase of Gas Pipeline Assets

Black Bear Transmission has announced the purchase of natural gas pipeline assets from Third Coast Midstream.