Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth

Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.

Exxon's Joliet Refinery Units Down for a Week, Plans for Restart in Late July, IIR Says

A severe storm passed through Joliet earlier this week, leaving thousands without power.

WoodMac: Permian Producers Eye Mexico’s Saguaro Energía LNG FID for Takeaway Relief

Wood Mackenzie expects Mexico Pacific to take FID on the first phase of its Saguaro Energía LNG project in either the second half of 2024 or early 2025.

Energy Transfer-Sunoco JV Forms Monster Permian Network

The joint venture between midstream operators Sunoco and Energy Transfer’s crude gathering in the Permian Basin should prove to be mutually beneficial, analysts say.

Summit Midstream Commences Tender Offer on Notes Due 2026

Summit Midstream also announced July 17 a proposed offering of $500 million in aggregate principal amount of new senior secured second lien notes due 2029.

West Texas Hold ’Em: Permian Plays Pipeline Poker

The consensus is that the Permian Basin needs another major gas pipeline soon. Midstream companies are trying to figure out when … and who will make the move.

US Wins $15B Arbitration Fight Over Keystone Pipeline Extension

Arbiters ruled that TC Energy had no case because NAFTA, under which the Canadian company planned the pipeline extension, was no longer in effect when the Biden administration canceled the project in 2021.

Perma-Pipe Awarded $10MM in Contracts for Infrastructure Development in Saudi Arabia

Perma-Pipe International Holdings Inc. has been awarded $10 million’s worth of new contracts in Saudi Arabia, most of which will be delivered in the third quarter.

Energy Transfer, Sunoco Announce Team Up in Permian Basin JV

Energy Transfer LP and Sunoco LP have formed a partnership that will operate more than 5,000 miles of crude oil and water gathering pipelines in the Permian Basin with crude oil storage capacity in excess of 11 MMbbl.

Energy Transfer Closes $3B WTG Midstream Acquisition

Energy Transfer's deal adds approximately 6,000 miles of complementary gas gathering pipelines from WTG Midstream Holdings, extending Energy Transfer’s reach into the Midland Basin.