Business News
Brazil's Antitrust Body Postpones Deadline for Petrobras Asset Sales
Brazil's antitrust authority CADE postponed deadlines for divestitures by state-controlled oil company Petroleo Brasileiro SA, including its refineries, natural gas pipelines and its stakes in natural gas distribution companies.
Magellan Midstream Selling Partial Interest in Marine Joint Venture
Magellan Midstream Partners said it sold almost half of its interest in its Pasadena, Texas, marine terminal joint venture, MVP Terminalling, LLC, to an undisclosed buyer for $270 million.
Neptune Energy Producing Natural Gas from Merakes Project in Indonesia
Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.
Saudi Aramco to Refinance $10 billion Revolving Loans
Saudi Aramco is expected to refinance a $10 billion debt facility raised in 2015, two sources said, in what would be the oil giant's third major foray into the loan market this year.
Chevron Lobbies U.S. Officials on Myanmar as Sanctions Pressure Rises
U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta.
Kinder Morgan Raises Outlook as Profit Surges on Winter Storm Demand
Kinder Morgan posted a quarterly profit that breezed past estimates, helping the U.S. pipeline operator raise its annual earnings forecast, on a demand surge for natural gas and electricity during the February winter storm.
Fluxys Partners with Brazilian Gas Transmission System Operator TBG
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.
LOOP, Phillips 66 Win 2020 Distinguished Pipeline Safety Awards
The American Petroleum Institute announced LOOP LLC and Phillips 66 Pipeline LLC are the winners of the 2020 Distinguished Pipeline Safety Awards, which recognize operators who have distinguished themselves as champions of industry innovation and operational excellence.
PipeChina's Cost-Sharing Plan Reduces Importer Interest for LNG Terminal Slots
Most companies shortlisted for PipeChina's LNG import terminal slots are backing off from a deal as new terms proposed by the gas pipeline operator threaten to jack up costs, trade sources said.
Equitrans Midstream Supports Methane Reduction Efforts
Equitrans Midstream supports the U.S. oil and gas industry's ongoing efforts to reduce methane emissions and reaffirms its prior opposition to the U.S. Environmental Protection Agency's (EPA) rollback of methane regulations in 2020.
Pipeline Company Recognizes April as National Safe Digging Month
Georgia’s Colonial Pipeline is reminding homeowners and contractors that safe digging must remain a priority to protect people and prevent damage to critical utility services.
Aramco Pipeline Investors to Refinance Loan with Bonds Next Year
EIG will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said.
Jacobs Awarded Owner's Engineer Role for LNG Terminal in Philippines
The project includes modifications to the jetty head, berthing and mooring facilities; a trestle bridge with high-pressure gas pipeline and utilities; and a jetty monitoring building and control room.
People in the News April 2021
People Stempien AVANGRID announced the appointment of Catherine S. Stempien to the role of president & CEO of Avangrid Networks, its largest business unit, which serves 3.3 million customers with electric and gas service through eight companies in Maine,..
Phillips 66 Opts for Pipeline Control Center Operations Pilot
Phillips 66 selected Crux OCM, a system of robotic industrial process automation (RIPA), for an oil and gas operations pilot program. The program will incorporate the company’s pipeBOT, which requires fewer manual commands for control room operations.
Global News April 2021
A collection of brief articles provides a snapshot of global pipeline-related news from this month.
SSE Thermal and Equinor Planning UK Hydrogen and Carbon Capture Projects
The projects would utilize the parallel hydrogen and CO2 pipeline infrastructure being developed by the Zero Carbon Humber (ZCH) partnership – which includes Equinor and SSE Thermal – and offshore CO2 infrastructure.
LM Energy Launches Open Season to Extend Oil Gathering System in Northern Delaware Basin
The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.
TC Energy Seeking Renewable Energy to Power Pipelines
TC Energy Corporation is seeking to identify potential contract and/or investment opportunities in wind energy projects that could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a portion of its pipeline assets along its U.S. corridor.
Aramco Agrees to $12.4 billion Deal to Sell Stake in Pipelines
Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.
VVC Exploration Expanding Helium Portfolio, Acquires Gas Property in Kansas
The Monarch Lease is a 1,720-acre property in the Byerly Field in Greely County, Kansas. It includes six formerly producing gas wells connected to the Tumbleweed Midstream pipeline.
What's New April 2021
Updates from Sensirion, Ralston, Cortec, Weldcote, AIO and BPS are included in this month's What's New.
Archaea Energy, Aria Energy Combine to Form RNG Development, Advancement Company
The business combination with Archaea and Aria, one of the largest companies in the North American landfill gas (LFG) sector, will create a significant U.S. RNG platform.
Canadian Pipeline Companies See Natgas Opportunities in Shift to Green Energy
Natural gas and liquids will continue to play a prominent role in the energy economy for decades to come, one executive said, even as a transition to cleaner energy evolves.
Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake
U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.
Phillips 66 Warns U.S. Winter Storm Pushing First-quarter Loss Past Forecast
U.S. refiner Phillips 66 on Monday predicted that its first-quarter loss would be larger than expected, citing the severe winter cold snap that battered its U.S. Gulf Coast petrochemical operations.
Exxon Sues Energy Transfer Over Charges From Pipeline Dispute
Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing.
Canada’s Inter Pipeline Gets $325 million Grant for Petrochemical Plant
Canada's Inter Pipeline Ltd, which is fighting a hostile takeover bid by Brookfield Infrastructure Partners, will receive a C$408 million ($325.15 million) grant from the Alberta government in support of its Heartland Petrochemical Complex.
Midcoast Energy Completes CJ Express Pipeline Expansion
Texas-based Midcoast Energy completed its CJ Express pipeline expansion project, and it is now in service, the subsidiary announced.
Pony Express Pipeline Announces Open Season for Transportation
Tallgrass Pony Express Pipeline, a subsidiary of Tallgrass Energy, announced a binding open season soliciting shipper commitments for crude oil transportation.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
