Company News

Companies in the News June 2022

Sugar Land, Texas-based Rangeland Energy announced that it has secured a $300 million growth equity commitment from EnCap Flatrock Midstream to support the formation of a new entity, Rangeland Energy IV, which will pursue midstream acquisitions and development opportunities.

Companies in the News May 2022

DEKOTEC GmbH, Corrosion Resistant Alloys and AMECO.

What's New May 2022

Emerson, RegO, Sick, Dekotec, Esco Tool and Polygon.

What's New April 2022

News from Vermeer, NDT Global, Sensirion, Fine Tubes, NevadaNano and Ralston.

Advanced Cameras Measure Infrared Absorption from Methane

With ESG (environmental, social, governance) being today’s hot three-letter acronym, the industry is clearly focused on re-establishing itself as a clean-capable energy provider.

Companies in the News March 2022

Companies Pipeline engineering software developer Technical Toolboxes has been acquired by HKW, a private equity firm. The deal will provide the company with the resources it needs to grow, said CEO Drew Lafleur. Technical Toolboxes has provided software to support midstream engineering needs for..

What's New March 2022

News from OleumTech, Honeywell, NDT Global, Dynatrol, Antaira and Denso.

Magnetics Delivers Filtration for a Gas Receiving Station Application

Eclipse Magnetics Oil and Gas Division (Eclipse) has designed and delivered a bespoke magnetic separator to an international operating company for use within a gas pipeline pig receiver in North Africa.

BP Dumping Stake in Russia's Rosneft in Up to $25 Billion Hit

BP is abandoning its stake in Russian oil giant Rosneft, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine.

Equitrans Nixes Summer Start of Mountain Valley Pipeline

Equitrans Midstream on Wednesday announced that it is no longer targeting a summer 2022 startup of its long-delayed Mountain Valley Pipeline (MVP) and is not yet able to provide an update on the project's in-service timing or overall cost.

Companies in the News February 2022

Companies   KTN Becomes Full Member of ROSEN Group   KTN AS, which has worked closely over the past five years with the ROSEN Group to provide in-line inspection (ILI) services for challenging pipelines, has become a full member of the ROSEN Group to provide its portfolio of services under the ROS..

What's New February 2022

News from Sensirion, Polygon, Rockwell, Trimble, RegO and Antaira.

Polyethylene Pipe Proves Capable in High-Temperature Saltwater Disposal

Performance Pipe’s PlatinumStripe 1800 Series Pipe was recently utilized to convey water from wells to a saltwater disposal facility in Desert Hills, near Orla, a small town in West Texas.

Clearfork Completes Acquisition of Azure Midstream

Azure Midstream Energy, a natural gas midstream company operating in North Louisiana and East Texas, announced Tuesday that it has closed on its sale to Clearfork Midstream.

Dakota Access Pipeline Suffers US Supreme Court Setback

The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access Pipeline operator Energy Transfer to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.

NextEra Takes $800 Million Charge for Mountain Valley Pipeline

A unit of NextEra Energy recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley Pipeline.

Decom Deploys 2 Pipeline Cutting Saws in Asia-Pacific

Decom Engineering Limited has consolidated a strong 2021 performance with a hat trick of international contract wins valued at more than $531,000 (£400,000).

SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen

Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.

Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction

Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.

TC Energy Beats Profit Expectations on Stronger Demand

Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.

Venture Global to Buy Natural Gas from Repsol for LNG Plant

Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.

Mariner East Pipeline System Construction Complete, Commissioning in Progress

After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.

Enbridge Reports Higher Profit as Pipeline Volumes Rise

Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.

Eni Talking to Investors on Energy Transition SPAC

Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.

Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery

Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.

Williams Hires LNG Executives for New Marketing Arm

U.S. natural gas pipeline operator Williams Companies has hired two veteran executives to set up an LNG marketing operation, according to employee profiles and people familiar with the matter.

Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant

U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.

Blow to Gazprom Critics as EU Court Upholds Antitrust Settlement

Gazprom's critics suffered a blow on Wednesday when an EU court upheld a 2018 decision that let the Russian gas giant settle an antitrust investigation without paying a fine.

Norway Approves Development of Equinor's Kristin South Project

Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system

Exxon to Raise Permian Basin Output by 25% This Year

Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.