Company News
What's New September 2021
News from Brooks, Enerpac, BPS, Esco Tool, Ralston, Sensirion and Sensor Networks.
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.
Exxon to Begin Certifying Some Shale Gas Emissions Amid Investor Pressure
Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining several shale gas producers seeking to provide the data to buyers.
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.
Black Sea Oil & Gas Project a Litmus Test for Romanian Offshore Gas Investment
Black Sea Oil & Gas is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains, it could impact its operations in the country.
NDT Global Appoints New President
NDT Global announced the appointment of Trevor MacFarlane to the role of president. MacFarlane was previously president and CEO of Dynamic Risk, a company acquired by NDT Global's parent company, Eddyfi/NDT, in March.
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.
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.
Five Killed in Mexico's Oil Platform Fire, Hammering Mexico Output
Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company 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.
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.
New Fortress Energy to Provide Natural Gas to Unigel’s Brazilian Fertilizer Plants
The supply of gas from NFE’s Suape and Sergipe LNG terminals in Brazil’s northeast will connect Unigel’s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transportation charges.
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..
Chesapeake Focusing on U.S. Shale Gas with $615 million Vine Energy Buy
Chesapeake Energy Corp agreed to buy Louisiana natural gas rival Vine Energy Inc. for $615 million, betting on the Haynesville shale field's proximity to the U.S. Gulf Coast export hub.
Gazprom Cancels Aug Condensate Exports After Urengoy Fire, Sources Say
Russia's Gazprom has cancelled gas condensate exports this month less than a week after a fire at its processing plant in Urengoy curbed gas exports via the Yamal-Europe pipeline.
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
Customers Signing Long-Term LNG Deals Again – Cheniere
LNG company Cheniere Energy said customers are starting to sign long-term contracts to buy LNG again, noting that market dynamics continue to support its long-term growth expectations for natural gas worldwide
Cheniere Expects Louisiana Sabine 6 LNG Unit in 2022
U.S. LNG company Cheniere Energy said the sixth train at its Sabine Pass export plant in Louisiana was about 89.6% complete and was still expected to enter commercial service in the first half of 2022.
Canadian Natural Sets New Emission Goals After Profit Beat
Canadian Natural said it is now targeting 50% reduction in methane emissions from its North America exploration and production business by 2030, from baseline of 2016.
BP Pipelines Offers to Acquire BP Midstream Partners
The board of directors of the general partner of BPMP received a non-binding offer from BP Pipelines to acquire all of the outstanding common units of BPMP held by the public in exchange.
Inter Pipeline’s Heartland Petrochemical Complex Nearing Completion
The Heartland Petrochemical Complex is in its final stages of completion in Strathcona County, Alberta, Inter Pipeline announced.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer Natural Resources Co.'s top executive said that U.S. shale growth was "not going to grow that much" in the coming years, as oil and gas companies continue to focus on capital discipline and shareholder returns.
Plains All American Boosts Earnings Outlook as Fuel Demand Recovers
Plains All American Pipeline LP raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.
Pipeline Operator Enbridge Posts Drop in Quarterly Profit
Enbridge Inc. said its quarterly profit fell sequentially, as the Canadian pipeline operator transported lower volumes of fuel on its Mainline system.
Riding the Oil Price Rebound: Gulf States to Accelerate Asset Sales
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
Neptune Energy Installs World’s Longest ETH Production Pipeline
Neptune Energy announced the installation and testing of the world’s longest trace-heated subsea production pipeline at its operated Fenja field in the Norwegian sea. The 37-kilometre (23-mile) electrically trace-heated pipe-in-pipe solution will transport oil from the field to the Njord A platform, operated by Equinor.
- 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
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
