Pipelines

Phillips 66 reports

Phillips 66 announced its second-quarter earnings, reporting $1.0 billion ($2.38 per share) in net income and $984 million ($2.31 per share) in adjusted earnings. The company returned $1.3 billion to shareholders through dividends and share repurchases. Notably, the company achieved record Midstream NGL pipeline and fractionation volumes, alongside strong refining operations with 98 percent crude utilization and 86 percent clean product yield. CEO Mark Lashier highlighted the success of the company's strategic priorities and business transformation efforts, which included significant cost reductions and improved refining crude utilization. Midstream operations saw robust performance with increased NGL volumes and margins. The Chemicals segment benefited from higher margins, while Marketing and Specialties saw improved realized margins..... > read more

ONEOK announces

ONEOK, Inc. announced plans to expand its pipeline capacity to connect Mid-Continent and Gulf Coast refined products supply with the greater Denver area, addressing the growing demand and enhancing connectivity with Denver International Airport. The project included constructing a new 230-mile, 16-inch diameter pipeline from Scott City, Kansas, to DIA, and upgrading certain pump stations along the existing refined products pipeline system. The total system capacity was set to increase by 35,000 barrels per day (bpd) with additional expansion capabilities. The project, estimated to cost approximately $480 million, was expected to be completed by mid-2026...... > read more

Trans Mountain expansion project

The Golden Weld has become a significant symbol for the Trans Mountain Expansion Project, as it represents not only the mechanical completion of the project but also the culmination of a remarkable journey in construction. With the completion of this weld, the dedication and hard work of over 35,000 employees and contractors have been acknowledged, highlighting their unwavering commitment to delivering a world-class project. This momentous milestone stands as a testament to the collective efforts of the Trans Mountain team, showcasing their exceptional teamwork, unwavering focus on safety, and remarkable resilience. The Golden Weld is a... > read more

Tallgrass, Kanin Energy, and Samuel EPC Collab

Tallgrass, in partnership with Kanin Energy, has announced a collaboration with Samuel EPC on an innovative waste heat to power project in Ohio. This venture aims to deliver approximately 10 MW of continuous, carbon-free energy by 2025. Samuel EPC will leverage its expertise in industrial decarbonization to support the project, which will provide power to the University of Dayton. This initiative will offset 100 percent of the university’s electricity needs, significantly reducing its carbon footprint by over 70 percent.... > read more

Phillips 66 sells

Phillips 66 announced today that it has agreed to sell its 25 percent non-operated common equity interest in Rockies Express Pipeline LLC to a subsidiary of Tallgrass Energy, LP for an enterprise value of approximately $1.275 billion. TGE, the operator of REX, will own 100 percent of the common equity interest in REX following the transaction. This sale will generate pre-tax cash proceeds of $685 million for Phillips 66 after adjustments for its share of REX's debt and preferred equity balances. “This sale is an important step in our commitment to deliver over $3 billion in asset divestitures,” said Mark Lashier, chairman and CEO of Phillips 66. “We are committed to managing our portfolio and monetizing assets that no longer fit our long-term strategy.”..... > read more

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TC Energy announces

TC Energy Corporation has announced an equity interest purchase agreement with an Indigenous-owned investment partnership,...
> read more

ONEOK completes acquisition

ONEOK, Inc. announced that it has completed the acquisition of a system of natural gas liquids pipelines from Easton Energy...
> read more

Kinder Morgan emphasizes pipeline safety

Every day, over two million miles of pipelines safely transport natural gas, gasoline, and other essential products across...
> read more

Pipelines News

Phillips 66 reports

Phillips 66 announced its second-quarter earnings, reporting $1.0 billion ($2.38 per share) in net income and $984 million ... > read more

TC Energy announces

TC Energy Corporation has announced an equity interest purchase agreement with an Indigenous-owned investment partnership, ... > read more

ONEOK announces

ONEOK, Inc. announced plans to expand its pipeline capacity to connect Mid-Continent and Gulf Coast refined products supply ... > read more

Energy Transfer and Sunoco announce

Energy Transfer LP and Sunoco LP have announced the formation of a joint venture combining their respective crude oil and ... > read more

Woodside awards Project to Corinth Pipeworks

Corinth Pipeworks has announced the acquisition of a significant contract from Woodside Energy, the operator of the Trion ... > read more

Trans Mountain expansion project

The Golden Weld has become a significant symbol for the Trans Mountain Expansion Project, as it represents not only the mechanical ... > read more

Pipelines News

Tallgrass, Kanin Energy, and Samuel EPC Collab

Tallgrass, in partnership with Kanin Energy, has announced a collaboration with Samuel EPC on an innovative waste heat to ... > read more

ONEOK completes acquisition

ONEOK, Inc. announced that it has completed the acquisition of a system of natural gas liquids pipelines from Easton Energy ... > read more

Phillips 66 sells

Phillips 66 announced today that it has agreed to sell its 25 percent non-operated common equity interest in Rockies Express ... > read more

Kinder Morgan emphasizes pipeline safety

Every day, over two million miles of pipelines safely transport natural gas, gasoline, and other essential products across ... > read more

Colonial Pipeline Terminals receives

Colonial Pipeline Terminals recently received the International Liquid Terminals Association's Safety Excellence Award. This ... > read more

Marathon Pipe Line takes home

The American Petroleum Institute has honored Marathon Pipe Line with the 2023 API Distinguished Pipeline Safety Award in ... > read more

Pipelines News

DORIS, ROSEN and SPIECAPAG announce

DORIS, ROSEN and SPIECAPAG announce the formation of the Pipeline Transition Alliance, a partnership dedicated to re-purposing ... > read more

ONEOK to acquire strategic gulf coast NGL

ONEOK, Inc. has announced its agreement to acquire a system of natural gas liquids pipelines from Easton Energy, a Houston-based ... > read more

New API report shows

The American Petroleum Institute released its annual 2023 Performance Report today in collaboration with the Liquid Energy ... > read more

Pembina Pipeline Corporation announces

Pembina Pipeline Corporation announced that it will not redeem the outstanding Cumulative Redeemable Rate Reset Class A Preferred ... > read more

Baker Hughes awarded

Baker Hughes, an energy technology company, has secured a significant order to supply gas technology equipment for the third ... > read more

Momentick Raises $6.5M

Momentick, an emissions intelligence company, announces that it has raised $6.5M in seed funding. The round was led by Chartered ... > read more

Pipelines News

Discovering geothermal ground truths

Innovative Test Well and Technology Consortium Pioneering Baseload Geothermal Energy Transition The Wells2Watts geothermal ... > read more

AMPP unveils new guide

The Association for Materials Protection and Performance, the global authority in materials protection and performance, recently ... > read more

Whistler Pipeline and Enbridge agree

WhiteWater, I Squared, MPLX LP, and Enbridge Inc. have jointly announced their entry into a definitive agreement to strategically ... > read more

Pembina approved for acquisition

Pembina Pipeline Corporation ("Pembina") has reached a significant milestone in its acquisition journey with the reception ... > read more

Kinder Morgan Darkside Project

For over 14 years, Kinder Morgan has been a vital participant in the global effort to unravel the mysteries of the universe ... > read more

Trans Mountain provides update

Trans Mountain has achieved a significant milestone in their pipeline project by successfully removing the pipe from the ... > read more