Company News

Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022

Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year.

Primoris Services Announces Over $225 Million in Utilities Segment Awards

Primoris Services Corporation announced two new Master Service Agreements totaling over $225 million for gas distribution projects in California.

ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp

ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.

What's New December 2021

News from Dekotec GmbH, AIO, Sensor Networks, Endress+Hauser, Farwest, Weldcote and Honeywell.

Companies in the News December 2021

Texas Pipeline Operator Altus to Combine with BCP Raptor   Altus Midstream will merge with BCP Raptor, a holding company for  pipeline  assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt.   The transaction allows BCP to go public and gives control of..

Med-Red Begins Shipments Through EAPC Pipeline Network

Med-Red Land Bridge Company signed its first contract for a vessel to use the recently recommissioned 150-mile (242-km) pipeline owned by Europe Asia Pipeline Company.

Magellan Exploring Options for its Permian Longhorn Crude Pipe

Magellan Midstream Partners LP is evaluating alternative uses for its Longhorn crude pipeline from Texas's Permian Basin, including converting it to carry other commodities like natural gas or refined products.

Chesapeake Energy Launches $1 Billion Stock Buyback

Chesapeake Energy Corp. said it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows.

Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise

Enbridge Inc. on Tuesday raised its dividend and announced plans to buy back shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas.

BlackRock, Saudi Asset Manager Hassana Sign Deal for Aramco's Gas Pipelines

Saudi Aramco said it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.

Energy Transfer Completes Acquisition of Enable Midstream

Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.

MVP Expands Pipeline Holdings into Midland Basin

MVP Holdings acquired Echo Canyon Pipeline Holdings and its subsidiaries to substantially expand its crude business in the highly active southern Midland basin of West Texas.

Palantir and Kinder Morgan Sign Agreement to Strengthen Pipeline Operations

Kinder Morgan will use Foundry to analyze millions of data points from sensors across its entire pipeline network, contracts and storage assets, electricity consumption and weather data, grid data and commodities data.

Pembina Nixes Jordan Cove LNG Plant Project in Oregon

A unit of Canadian energy company Pembina Pipeline Corp. told U.S. energy regulators that it would not move forward with its proposed Jordan Cove LNG export plant in Oregon.

Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield

Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.

Michigan Drops Federal Case Against Enbridge Pipeline to Clear Way for State Court Case

The move is a welcome development for Enbridge in one part of the long-running battle over Line 5, but Governor Gretchen Whitmer made it clear she will continue to fight against the 68-year-old oil pipeline.

Navigator and OCI Agree on CO2 Transportation, Storage Services Through Heartland Greenway

Navigator CO2 Ventures announced it has entered into an agreement with Iowa Fertilizer Company facility to provide CO2 transportation and storage services on its CCS system, the Heartland Greenway.

Gazprom Reports Record Quarter Profits on Surging Gas Prices

Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.

Carbon+Intel: Capital Power and Enbridge Collaborate to Reduce CO₂ Emissions in Alberta

Capital Power Corporation and Enbridge Inc. announced a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta.

Pembina CEO Mick Dilger Steps Down

Pembina Pipeline Corporation announced that Mick Dilger has stepped down as president and CEO to pursue other opportunities. Chief Financial Officer Scott Burrows will take the top job on an interim basis.

GTI Exploring Innovative Hydrogen Production Technology to Enable Expanded Use

GTI is exploring innovative hydrogen production and generation technology developments to enable expanded use of hydrogen economy wide, as detailed in a Tech Talk this month.

Inaugural Pipeline & Gas Journal Awards Winners Honored at In-Person Houston Gala

An elite group of midstream professionals gathered in Houston on Thursday evening to attend the inaugural Pipeline & Gas Journal Awards gala, which honored the midstream industry’s leading innovations and outstanding personal contributions.

Oman's OQ Says it May List Some Energy Assets on Local Market

Hilal al-Kharusi, OQ's acting chief executive commercial, said OQ could consider different options for its gas network, which could include stake sales, local listings or leasing of pipeline assets.

Judge Rules Enbridge Line 5 Oil Pipeline Case with Michigan be Heard in Federal Court

A legal battle between Canadian company Enbridge Inc. and Michigan over Enbridge's Line 5 oil pipeline will be heard in federal court, a judge ruled on Tuesday, dismissing Michigan's motion to have the case sent back to state court.

Ironwood Midstream Expanding Footprint in Eagle Ford Region of South Texas

The Ironwood II leadership team assumed management of Nuevo Midstream assets, including about 100 miles of crude oil gathering pipeline in Lavaca, Gonzalez, and Fayette counties.

Canadian Indigenous Group Ordered Workers Off Coastal GasLink Pipeline Site

An indigenous group in the Canadian Pacific province of British Columbia says it has ordered workers to leave the site of TC Energy's Coastal GasLink pipeline, the latest step in a protracted dispute.

Enchanted Rock Announces Net-Zero Carbon Electrical Resiliency Microgrids Using RNG

Enchanted Rock, a provider of electrical resiliency microgrids, announced its customers now have the option to choose Renewable Natural Gas to achieve net-zero or negative carbon emissions.

What's New November 2021

News from NevadaNano, TSC Subsea, Ralston, B&K Vibro, Denso and Siemens.

Naturgy Trims Earnings Growth Forecast as Power Prices Squeeze Margins

An expansion of the Medgaz pipeline that brings gas from Algeria to Spain will be completed by the end of the year, Naturgy said.

Annual 500 Report Offers Few Surprises in Rankings

The list of companies leading the way in Pipeline & Gas Journal’s 41st annual 500 report will certainly be familiar to long-time midstream observers, with little shake-up in rankings occurring between the 2020 and 2021 editions of the publication.