Business News

Tennessee Gas Pipeline, Southwestern Energy Announce Methane Emission Reduction Plan

Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, and Southwestern Energy announced the initiation of a responsibly sourced natural gas strategic agreement, which should further reduce methane emissions across the natural gas value chain.

ROSEN to Study Hydrogen Pipeline Transportation with Expanded Material Testing Capabilities

ROSEN Group is expanding its existing material testing capabilities and dedicating a separate section to the topic of hydrogen to help ensure the hydrogen economy will have the safe and efficient infrastructure it will need to function.

Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

Group of EU Lawmakers Seeks Probe of Gazprom's Role in Gas Price Surge

A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom's role in soaring European gas prices, saying the company's behavior had made them suspect market manipulation.

Enbridge Fined $3.32 Million for Failings in Line 3 Replacement Project

The Minnesota Department of Natural Resources fined Enbridge Inc. $3.32 million, citing the Canadian company's failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement.

Carbon Capture and Storage Gains Wide Industry Support in Houston

Eleven companies have agreed to begin discussing plans that could lead to capturing and safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.

Spire Gets More Time to Operate Missouri St. Louis NG Pipeline

U.S. natural gas company Spire Inc. got permission from federal regulators on Tuesday to keep operating its STL natural gas pipeline in Missouri for another 90 days while regulators consider the next steps for the pipe.

Kinder Morgan, Neste to Retrofit Tank and Piping for Green Fuels Feedstocks

Pipeline operator Kinder Morgan Inc. plans to convert some Louisiana tank and piping infrastructure to hold used cooking oil and other feedstocks for Finnish renewable-fuels giant Neste, the companies told Reuters.

Chevron, Enterprise Explore Carbon Storage Business Opportunities

Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.

U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve

The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.

Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4

A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.

Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy

Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.

Colonial Pipeline Restarts as Ida Damage Assessments Face Hurdles

Colonial Pipeline restarted on Tuesday while other efforts to assess damages to energy infrastructure were slowed by widespread flooding from Hurricane Ida and power outages.

Ida's Fury Hits U.S. Oil Production, Gasoline Supplies

U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in Louisiana and rampaged through offshore oil and gas fields.

Brazil's Logum Makes 1st Ethanol Export to U.S. Using Pipeline to Port

The firm said the transport of the ethanol by pipelines, beyond the smaller cost and economies of scale, prevented the use of more than 700 trucks, estimating the operation avoided 2,000 tons of carbon emissions.

ConocoPhillips-Backed Solaris Readies IPO with Sustainability Pitch

ConocoPhillips-backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors.

WhiteWater Announces Acquisition of Sendero’s Gateway Pipeline

WhiteWater announced the acquisition of Sendero’s Gateway Pipeline. The 24-inch Gateway Pipeline is connected to WhiteWater’s Agua Blanca natural gas pipeline system.

Trophy Pipeline Announces Open Season for Texas Expansion Project

Trophy Pipeline announced it intends to conduct an Open Season for its Texas Expansion project. Trophy proposes to construct an approximately 3-mile-long pipeline from a new origin in Winkler County, Texas, to its existing FERC-regulated, crude oil pipeline in Lea County, New Mexico.

Permian Update: America’s Oilfield Builds Back from Another Bust

Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugging its way back from the bottom again.

EIG Global Energy Partners Submits Offer for Petrobras Pipelines in Brazil

U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source said.

Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement

The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.

Centurion Pipeline Releases First Environmental Sustainability Report

Centurion Pipeline announced the release of its inaugural sustainability report, which outlines the company’s focus on environmental, social and governance initiatives.

USD Partners Increase Connectivity at Stroud Terminal at the Cushing Hub

The expansion is being pursued by an affiliate of US Development Group and when completed will add a pipeline connection to a second 300,000-barrel storage tank at the Cushing, Oklahoma, crude oil hub.

U.S. Oil Refiner Citgo Petroleum Posts First Profit in Seven Quarters

Citgo Petroleum reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown.

U.S. Gulf of Mexico Oil Producers Consolidation Accelerates

Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.

Saudi Aramco Aims to Raise At Least $17 billion From Gas Pipelines

Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said.

Companies in the News August 2021

Peak Utility Services Group, a provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, has acquired Superior Pipeline Services (SPS), a natural gas utility services contractor.    Denver-based Peak provides maintenance, repair, upgrade and insta..

People in the News August 2021

CorEnergy Executives Recognized for Industry Leadership   CorEnergy Infrastructure Trust, which owns and operates or leases natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way, announced that two of its executives ..

What's New August 2021

T.D. Williamson       T.D. Williamson enhanced its Multiple Dataset (MDS) gouge vs. metal loss (GvML) classifier, resulting in the industry’s first published performance specification for gouge identification and depth sizing within a dent. MDS offers com..

New York's Pension Fund to Review Oil Holdings, Axes More Coal Investments

Major investors have re-evaluated holdings in fossil fuel producers and prodded energy executives to reduce emissions. After completing its shale review, the New York fund plans to turn next to oil and gas pipeline and processing investments.