The Latest

Business

EagleClaw to Power Permian Operations from 100% Renewable Energy

EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.

June 17, 2021

Field Development

Williams Signs Deepwater Export Agreement for Gulf of Mexico Field

Williams said it reached an export agreement with Beacon Offshore and its co-owner for the Shenandoah deepwater oil field through its Discovery infrastructure in the central Gulf of Mexico.

June 17, 2021

Business

Enbridge Scores Key Win in Line 3 Oil Pipeline Battle

Enbridge’s Line 5 pipeline, part of the same network as Line 3, remains mired in a legal dispute with the state of Michigan overs fears the line could leak into the Great Lakes.

June 14, 2021

Business

Cheniere to Collaborate with Gas Suppliers, Academic Institutions to Monitor GHG Emissions

The program will use ground-based, aerial and satellite technologies.

June 10, 2021

Acquisitions & Divestitures

Magellan Midstream Sells Terminals to Buckeye Partners

Independent refined products terminals included about 6 million barrels of storage.

June 10, 2021

Public Capital

TC Energy Officially Abandons Keystone XL Pipeline Project

The pipeline, which would have been under construction this year, was blocked after U.S. President Joe Biden revoked a key permit on his first day in office.

June 9, 2021

Public Capital

Plains to Sell Gulf Coast Gas Assets for $850 Million

The Plains asset sale includes the Pine Prairie and Southern Pines energy centers, which were described as “two of the highest performing natural gas storage facilities in the U.S.”

June 8, 2021

Infrastructure

PHMSA: Pipeline Operators Must Prepare Methane Curbs

Regulator advises pipeline companies that PIPES Act mandates will be enforced, beginning at year-end 2021.

June 8, 2021

Acquisitions & Divestitures

Enbridge to Sell Stake in Oil Producer Noverco for $1.14 Billion

Enbridge said the sale of its stake in Noverco represents a valuation of approximately 29x reported 2020 GAAP earnings of $39 million.

June 8, 2021

Infrastructure

US Seizes $2.3 Million Paid to Colonial Pipeline Hackers

Deputy Attorney General Lisa Monaco said investigators had seized 63.7 bitcoins, now valued at about $2.3 million, paid by Colonial Pipeline after last month’s hack of its systems.

June 8, 2021