Company News

U.S. LNG Firms Take Steps to Add Export Capacity Despite Coronavirus

U.S. LNG companies have taken steps to increase export capacity even as a collapse in energy demand has collapsed around the globe due to the coronavirus pandemic.

San Mateo Midstream Announces Binding Open Season

A subsidiary of San Mateo Midstream has announced a binding open season to gauge interest for a proposed expansion project.

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.

Solaris Water Midstream Expands Water Infrastructure Joint Venture with Concho Resources

Solaris Water Midstream and Concho Resources have expended their produced water infrastructure management joint venture agreement.

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.

FERC to Decide on Marathon Alaska LNG Import Project by Year End

U.S. energy regulators said on Wednesday they plan to make a decision on Marathon Petroleum Corp’s plan to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal by the end of the year.

TC Energy Announces $400 Million ANR Pipeline Enhancement Project

TC Energy has announced it will proceed with enhancements to its ANR natural gas pipeline transmission system.

Plains All American to Cut Another $100 Million in Capital Spending

Plains All American Pipeline on Tuesday said it is taking steps to reduce capital costs by an additional $100 million after reporting lower income in the second quarter.

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.

Petroperu Resumes Pipeline Operations After Coronavirus-Related Halt

Peru's state-run energy firm Petroperu has restarted pipeline operations after being halted due to concerns over the coronavirus.

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.

Poland Fines Gazprom $57 Million Over Nord Stream 2

Gazprom has been fined nearly $60 million by Polish energy regulators for failing to cooperate with requests regarding the Nord Stream 2 pipeline.

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.

Enbridge Sued by Victims of Kentucky Pipeline Explosion

Victims of a fatal pipeline explosion in Kentucky last year have sued the line's operator, a subsidiary of Canadian energy giant Enbridge, alleging the company failed to properly maintain the line.

Brazil's Petrobras Forges Ahead with Midstream, Downstream Divestments

Speaking to investors on Friday, executives at Petrobras, Brazil's state-run oil firm, said the company is moving forward with the IPO of its gas pipeline assets and expects to conclude a deal for its RLAM refinery in the near future.

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.

Trump Allows Keystone Pipeline to Ship More Canadian Oil After Expansion Stalls

President Donald Trump has issued a presidential permit to allow TC Energy's Keystone oil pipeline to ship nearly 30% more Canadian crude as the company's' proposed expansion of the pipeline has again been stalled by legal hurdles.

TC Energy Profit Dips from Uncontracted Keystone Volumes

TC Energy reported a 6% drop in profits on Thursday partly due to a fall in uncontacted volumes on its Keystone oil 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.

Chevron Expects to Restart Train 2 of Gorgon LNG Plant in Early September

Chevron is expecting to restart Train 2 at its Gorgon LNG plant in Australia by early September, a company spokesperson told Reuters on Tuesday.

Kuwait's KIPIC Starts Operation of Gas Line Feeding Al-Zour

Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday.

Work Completed on World’s Longest Hydraulically Inserted Pipe

The world's longest hydraulically inserted pipe has been installed nearly 100 feet below the Humber River in Northern England.

Nord Stream Returns to Operations After Maintenance

Gazprom has returned its Nord Stream natural gas pipeline, which carries gas across the floor of the Baltic Sea from Russia to Germany, to service after performing routine maintenance on the line.

PipeChina to Take on $56 Billion of Pipelines to Boost Network Access

China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.

Enbridge Contractor Vessels May Have Bumped Pipeline Support

Enbridge has reported the findings of its investigation into minor damage of its Line 5 pipeline that occurred last month revealing the possibility that a vessel operated by one of the company's contractors may have been responsible.

India's Petronet Plans to Cancel 10-Year LNG Import Tender — Sources

India’s top gas importer Petronet LNG is set to cancel its offer to buy an annual 1 million tonnes of liquefied natural gas (LNG) for 10 years, two sources said, as signing long-term contracts is not attractive in the current scenario.