North America
Gas Stations Run Dry as Hurricane Milton Approaches; Kinder Morgan Shuts Florida Pipeline
As Hurricane Milton approaches Florida's Gulf Coast, panic-buying has left many gas stations empty, with over 15% out of fuel by midday. In response, Kinder Morgan has shut down its Central Florida Pipeline, disrupting the flow of refined products between Tampa and Orlando as evacuation orders affect over a million residents.
North Dakota Pipeline Authority Reports Wildfire Impact on Oil, Gas Production
The North Dakota Pipeline Authority said on Tuesday oil production is estimated to be down nearly 60,000 to 90,000 barrels of oil per day (bpd) due to the ongoing wildfires in the U.S. state.
QatarEnergy Signs 20-Year Naphtha Deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.
Arbitration Favors BP as Sole Buyer in Kosmos Energy's Senegal LNG Project
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favor of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue project offshore Senegal and Mauritania.
Sable Aims to Restart California Offshore Oil Pipeline by Year-End After Decade-Long Shutdown
Sable Offshore said on Monday it was expecting to restart the Santa Ynez oil and gas pipeline off the Californian coast by the end of the year after it was shut for nearly a decade following a major oil leak.
Chevron to Sell Assets Worth $6.5 Billion to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan.
Matterhorn Pipeline Ramps Up Natural Gas Flow, Lifts Waha Prices
The Matterhorn Express Pipeline has started transporting gas into pipelines near Katy, marking the long-awaited launch of the Permian project. This week, Waha prices surged following the new pipeline's opening, although Permian gas prices remain low, according to East Daley Analytics.
FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
(P&GJ) — FERC has sided with Williams in a dispute with Energy Transfer, ruling that the Louisiana Energy Gateway project is a gathering network, not subject to federal jurisdiction. This clears the way for Williams to proceed with the project without regulatory oversight under the Natural Gas Act.
Chesapeake, Southwestern Complete $7.4 Billion Merger, Rebrand as Expand Energy
Chesapeake Energy and Southwestern Energy have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp.
Occidental’s 1PointFive Wins $36 Million DOE funding for CO2 Sequestration Hubs
1PointFive, a subsidiary of Occidental, has secured $36 million in funding from the U.S. Department of Energy (DOE) to develop two carbon sequestration hubs in Texas and Louisiana.
Enbridge Green Lights $700 Million Pipeline Network Plans for Gulf of Mexico
Enbridge will construct and operate crude oil and natural gas pipelines for BP's Kaskida oil hub in the U.S. Gulf of Mexico, set to start production in 2029. Shell has also announced its final investment decision for the Rome Pipeline, which will transport oil from the project.
TC Energy's South Bow Pipeline Spin-Off Begins Trading on TSX
TC Energy's oil pipeline spin-off, South Bow Corp, started trading on the Toronto Stock Exchange, experiencing a slight decline on its debut. South Bow's main asset is the 622,000 barrel-per-day Keystone pipeline, which ships Canadian crude from Alberta to the U.S. Midwest and Gulf Coast.
Summit Midstream Acquires Tall Oak Midstream for $450 Million
Tall Oak operates a large gas gathering and processing system in the Arkoma Basin, featuring two natural gas processing plants with a total capacity of 220 MMcf/d and 411 miles of gas gathering lines.
EQT to Lay Off 15% of Workforce After $14 Billion Equitrans Acquisition
EQT Corp. plans to cut 15% of its workforce following its $14 billion acquisition of Equitrans Midstream. The layoffs, part of an integration process, mark the company's largest job reduction since 2019. EQT aims to boost natural gas margins amid fluctuating market conditions.
New Energy Tanker Berths at Russia's Arctic LNG 2 Despite U.S. Sanctions
The U.S.-sanctioned LNG tanker New Energy has berthed at Russia's Arctic LNG 2 plant, according to ship-tracking data. Despite Western sanctions over Russia's actions in Ukraine, the Palau-flagged tanker continues operations, including a recent ship-to-ship transfer from the plant.
Brent Oil Traders Reroute U.S. Cargoes Using Little-Known Rule
Big energy traders are leveraging a little-known rule to reroute U.S. oil shipments meant for Europe, raising concerns about the effectiveness of recent reforms to the Brent crude price benchmark and its reflection of true market demand.
U.S. Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. Department of Energy has purchased 6 million barrels of oil for the Strategic Petroleum Reserve. The oil, sourced from Exxon Mobil, Shell Trading, and Macquarie Commodities, will be delivered monthly to the Bayou Choctaw site starting in February 2025.
From Crude to NGL: Understanding the Complexities of Pipeline Conversions
As Enterprise Products Partners LP expands its footprint in the Permian Basin, the conversion of existing pipelines raises both opportunities and challenges. This article delves into the complexities involved in repurposing energy infrastructure, highlighting technical, economic, and safety considerations amid robust production growth.
Venture Global Receives Approval to Advance Louisiana Calcasieu LNG Plant Toward Commercialization
Venture Global LNG has received approval from the U.S. Federal Energy Regulatory Commission (FERC) to reintroduce hazardous fluids to part of its Calcasieu LNG export plant in Louisiana. This critical step brings the plant closer to commercial operations after facing legal and regulatory challenges.
Enbridge Acquires PSNC, Adding Over 13,000 Miles of Pipeline to Its U.S. Gas Utility Portfolio
Enbridge Inc. has completed its acquisition of Public Service Company of North Carolina (PSNC) from Dominion Energy. PSNC, now operating as Enbridge Gas North Carolina, serves over 600,000 customers and boasts an extensive network of over 13,000 miles of natural gas pipelines.
Global News October 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
TotalEnergies to Showcase Low-Cost Oil Projects, Long-Term LNG Deals to Investors
Fresh off a flight from Suriname, TotalEnergies' CEO is expected to tell investors in New York on Wednesday that the energy giant can maintain returns through 2030 despite falling prices, thanks to low-cost oil projects like its most recent in the South American country.
Editor’s Notebook: TMX Expansion Faces Quality Concerns from West Coast Refiners
For a couple of months now, U.S. West Coast oil refiners have been voicing concerns about some of the attributes of crude oil being shipped along the recently completed Trans Mountain pipeline expansion (TMX) from Canada.
Helene Batters U.S. Southeast, Pushing Natural Gas Prices to 14-Week High
U.S. natural gas prices surged by 5%, reaching a 14-week high, as Hurricane Helene battered the Southeast, causing production cuts and widespread power outages. The storm disrupted Gulf of Mexico gas output and left millions without electricity across Florida, Georgia, and the Carolinas.
Pemex Oil Production Drops as Lopez Obrador Exits Presidency
Pemex's crude oil production fell by 6% in August, marking a new low, as Mexico's outgoing president Lopez Obrador's energy goals fell short. Despite an increase in refined product output, Pemex continues to rely heavily on fuel imports, particularly gasoline and diesel.
Ground Work on Extension of Mayakan Pipeline Begins
The Federal Electricity Commission (CFE) and Engie Mexico began construction work after signing a new agreement at the end of March for the expansion of the Mayakan Gas Pipeline.
Profile of Regulations on Colorado County Points to Private Property Safeguards
Colorado is among the largest producers of oil and natural gas in the United States, and the bulk of the energy production in the Centennial State is found in one county: Weld County.
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
U.S. FTC Clears Chevron-Hess Deal, Bars John Hess From Board
The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp. on Monday, in an order that barred Hess CEO John Hess from Chevron's board.
New Fortress Exports Mexico's First LNG Cargo From $1 Billion Facility
U.S. energy infrastructure company New Fortress Energy on Monday shipped the first export of liquefied natural gas from Mexico, following the inauguration of output at its floating facility off the country's coast, the company said.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
