Energy Transfer’s Record Volumes Powered Strong Q4 Earnings

NGL transport led the way as Energy Transfer enjoyed a strong fourth-quarter 2022 earnings report.

Enbridge Takes Q4 Loss, Expects High Pipeline Utilization in 2023

A gas transmission impairment forced a Q4 earnings loss, but the company expects high utilization of its Mainline pipeline system in 2023.

BP, Chubu to Study CCS Project at Nagoya in Broad Tie-up in Asia

BP and Chubu Electric Power will explore the possibility of collecting CO2 from major Nagoya emitters and transporting it to storage sites.

Western Midstream Details Carbon-Management Initiative with Occidental

Analysts note that midstream operators of all sizes may have opportunities in CCUS.

Pan Capital Management Forms Infrastructure Investment Platform

Natural gas-focused firm launches platform for investments in storage, transport and infrastructure.

Opinion: The Real Natgas Over/Under

An EIA report on U.S. natural gas showed that this year's storage level was at 3,580 Bcf—only a 1% difference from the 3,617 Bcf of storage reported this time last year.

Enbridge Joins Occidental on Carbon Capture Project Near Corpus Christi, Texas

Oxy Low Carbon Ventures and Enbridge Inc. will leverage each other's strengths in a new partnership to develop, construct and operate a Texas Gulf Coast-based carbon sequestration facility and pipeline transportation system.

US Coast Guard Says Calcasieu, Louisiana Oil Spill Contained

On Nov. 28, an approximated 3,500 gallons of lubricant oil from a Martin Energy Services secondary containment facility spilled near Calcasieu Point Landing, La.

US Natural Gas Futures Up 8% on Colder Weather Forecasts

Also supporting natural gas futures in the U.S. were worries about a possible rail strike that could disrupt coal shipments to utilities this winter, forcing power generators to burn more gas to produce electricity.

US Crude Oil Inventories Fall as Fuel Stocks Build

The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).