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Momentum Midstream Establishes Leading Haynesville Presence with Latest Acquisitions
The acquisition of Midcoast’s East Texas business and Align Midstream was announced by Momentum Midstream alongside a new natural gas gathering and carbon capture project in the Haynesville Shale.
Tellurian’s Bad Week at Driftwood LNG’s Expense
Tellurian Inc.’s decision to pull a $1 billion bond deal related to its Driftwood project will “jeopardize” initial LNG exports slated for early 2026 while the search for equity partners intensifies.
Cheniere Energy Promotes Corey Grindal to COO
Effective Jan. 2, Corey Grindal will relocate again to Cheniere Energy’s headquarters in Houston from London where he has served as executive vice president of worldwide trading since 2020.
Cheniere Unveils ‘20/20 Vision,’ Eyes $4 Billion Share Buyback
Cheniere Energy says operational excellence has enabled accelerated and enhanced execution of its capital allocation plan and will fuel further debt reduction and continued share repurchases and higher dividends.
More Top Stories in Midstream
Leaks in Nord Stream Pipelines Very Serious, Highly Suspicious: Western Official
"It definitely looks highly suspicious, but I think we need to establish the facts and then attribute," an anonymous western official said of Russia's potential involvement in the recent Nord Stream pipeline leaks.
September 28, 2022
Kinder Morgan Sells Stake in Georgia LNG Facility for $565 Million
Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.
September 27, 2022
Uganda Announces Oil Block Licensing Round, Criticizes EU Over Pipeline
Ugandan President Yoweri Museveni said the European Parliament's urging of TotalEenrgies to delay pipeline development and explore an alternate route was "a wrong battleground for them" at a recent conference.
September 27, 2022
Philippines to Open Door to LNG Imports Next Year with New Terminals
The three terminals in the Philippines are among six such projects that the DOE has approved. Three others are expected to come online within the next three years, including a project proposed by Shell Plc.
September 27, 2022
Mystery Gas Leaks Hit Major Russian Undersea Pipelines to Europe
Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping.
September 27, 2022
Gas from Russia’s Nord Stream 2 Pipeline Leaks into Baltic Sea
European countries have resisted Russian calls to allow the Nord Stream 2 pipeline to operate and accused Moscow of using energy as a weapon. Russia denies doing so and blames the West for gas shortages.
September 26, 2022
Tellurian Says Driftwood LNG Deals with Shell, Vitol Scrapped
Tellurian announced the canceled deals a few days after withdrawing a $1 billion high-yield bond sale that would have funded the initial construction of its proposed multibillion-dollar Driftwood LNG plants in Louisiana.
September 26, 2022
Momentum Midstream Establishes Leading Haynesville Presence with Latest Acquisitions
The acquisition of Midcoast’s East Texas business and Align Midstream was announced by Momentum Midstream alongside a new natural gas gathering and carbon capture project in the Haynesville Shale.
September 23, 2022
‘Heavy Lifting’ Needed to Overcome Permitting Bill Opposition, Manchin Says
U.S. Senator Joe Manchin said it will take “an awful lot of heavy lifting” over the next two or three days to overcome opposition by “strange bedfellows” ranging from progressive Senator Bernie Sanders to Senate Minority Leader Mitch McConnell.
September 23, 2022
Summit Divests Williston Basin Gas Gathering System for $40 Million
Following the sale of the Bison gas gathering system to Steel Reef for $40 million in cash, Summit Midstream Partners’ focus in the Williston Basin will be on growing its crude oil and produced water gathering systems, CEO Heath Deneke said.
September 23, 2022