Midstream – Page 9 – Oil & Gas 360

Cureton Midstream acquires Gilcrest System from Aka Energy Group

February 2, 2022

Oil and Gas 360 Publisher’s Note: EnerCom recently launched the new website for Cureton Midstream. DENVER, Feb. 2, 2022 /PRNewswire/ — Cureton Midstream, LLC, a growth oriented, Denver-based midstream company focused on developing and operating gas gathering and processing infrastructure in Colorado, announced that it has acquired the Gilcrest System from Aka Energy Group, LLC (“Aka”) in the Denver-Julesburg (“DJ”) Basin on February 1, 2022. Terms of

Key U.S. shale pipeline in doubt after court ruling

January 27, 2022

World Oil (Bloomberg) –A major U.S. natural gas pipeline project that’s crucial for shale drillers in the Appalachians is now in doubt after a court rejected its permit to cross a national forest in the Virginias. The U.S. Court of Appeals for the Fourth Circuit on Tuesday tossed the federal government’s approval for Equitrans Midstream Corp.’s $6.2 billion Mountain Valley

U.S. in talks with energy producers to supply Europe if Russia invades Ukraine

January 25, 2022

US News WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration officials said on Tuesday. Speaking to reporters on a call, the officials did not name the specific countries or companies

Cruz’s Nord Stream 2 sanctions bill fails in U.S. Senate

January 14, 2022

Reuters The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project. Why it matters: The 55-44 vote is the culmination of Cruz’s months-long push to force Democrats into an uncomfortable vote on Nord Stream 2, which the Ukrainian

Enterprise buys into Permian natural gas market with $3.3B acquisition

January 11, 2022

World Oil (Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. The acquisition, Enterprise’s largest since 2014, will expand the company’s reach into the Midland Basin, part of the Permian,

Nord Stream 2 could be major leverage against Russia — but using it is complicated

January 5, 2022

CNBC Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is abandoned — and that threat is something that Europe can use to pressure Moscow, according to a former German ambassador to the U.S. “I think the pipeline represents a major item of leverage for us, if we handle it smartly,” said

Russian gas transit via Ukraine fell 25% in 2021

January 4, 2022

Reuters The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine’s struggling economy at a time of heightened tensions with Russia. The state operator of Ukraine’s gas transmission system said on Tuesday that 41.6 billion cubic metres (bcm) of Russian gas was transported through Ukraine to Europe in 2021, equivalent to a daily average of 114 million cubic metres

Nord Stream 2 startup waiting on German regulatory approval

December 30, 2021

World Oil MOSCOW (Bloomberg) –Gazprom PJSC has finished preparing the controversial Nord Stream 2 pipeline for natural gas exports to Europe, yet actual deliveries depend on how quickly regulators grant the project approval amid souring relations between Russia and Western nations. “Nord Stream 2 is ready for operations,” Russian President Vladimir Putin said Wednesday at a meeting with energy officials

Enbridge sees two options for pipelines after Canadian regulatory pushback

December 8, 2021

World Oil CALGARY (Bloomberg) –Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator. North America’s largest pipeline company will either pursue a modified, incentive-based version of its current arrangement, which allows producers to decide the volumes they

Analysis-European insurers fear sanctions coming down Nord Stream 2 pipe

December 2, 2021

Reuters LONDON – A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian gas directly to Germany. Kremlin-backed energy giant Gazprom leads the consortium which, despite stiff opposition from the U.S. and some European nations, has built the pipeline under

Kinder sees blast-damaged part of Arizona natgas pipe down for months

December 1, 2021

Reuters Dec 1 – U.S. energy company Kinder Morgan Inc KMI.N expects part of its El Paso natural gas pipeline to remain out of service for “several months” following a blast in Arizona that killed two people in August. The company told customers on Tuesday that activities were underway to return a portion of the blast-damaged El Paso Line 2000 for limited

Canada says talks with U.S. over pipeline dispute should start soon

December 1, 2021

Reuters OTTAWA, Dec 1 – Formal talks between Canada and the United States over a disputed Michigan pipeline should start soon, Ottawa said on Wednesday, the latest development in an affair souring bilateral relations. Last month Canada invoked a 1977 treaty with the United States to trigger negotiations over Enbridge Inc’s ENB.TO Line 5, which Michigan wants to shut down on environmental

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