News

Acquisitions & Divestitures

Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure

Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.

Reuters

Finance

Venezuela Says Launch Of 'Petro' Cryptocurrency Raised $735 Million

Petro cryptocurrency raises doubts and US hints that it might violate sanctions.

Reuters

Pipelines

Tellurian Launches Open Season For Haynesville Global Access Pipeline

A subsidiary of Houston-based Tellurian is offering the non-binding open season to secure prospective shippers for the proposed Haynesville Global Access Pipeline with an estimated capacity to transport up to 2 Bcf/d of natural gas.

Business Wire

LNG

Exxon, Total Set Plans For Papua New Guinea LNG Expansion

Global giants ExxonMobil Corp. (NYSE: XOM) and France’s Total SA (NYSE: TOT) have reached broad agreement on plans to double gas exports from Papua New Guinea, their partner Oil Search Ltd. said on Feb. 20.

Reuters

Transport

Delek Logistics, Green Plains Partners Announce Form Logistics Joint Venture

Joint venture signs agreement with an affiliate of American Midstream for $138.5 million acquisition.

LNG

Anadarko Inks Mozambique LNG Sale, Purchase Agreement With France’s EDF

Anadarko Petroleum Corp. (NYSE: APC) said on Feb. 20 that Mozambique LNG1 Co. Pte. Ltd. has entered into a long-term LNG sale and purchase agreement with Électricité de France SA (EDF).

NuStar, Other Energy Partnerships Simplify Business Models To Spur Growth

Companies believe simpler models will help to attract investors.

Reuters

Natural Gas

Egyptian Firm To Buy $15 Billion Of Israeli Natural Gas

Israeli Energy Minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbors signed their historic peace treaty in 1979.

Reuters

Acquisitions & Divestitures

ExxonMobil Acquires Stake In BTC Oil Pipeline

The BTC pipeline company operates the pipeline, which ships oil from Azerbaijan's major Azeri-Chirag-Guneshli oil fields to Turkey via Georgia.

Reuters

Crude Oil

OPEC’s January Compliance With Oil Reduction Pact Reaches 133%

OPEC Secretary-General Mohammad Barkindo said compliance last year stood at 107% and that OPEC and non-OPEC producers would hold a technical meeting in June.

Reuters

Merkel: Nord Stream 2 Poses No Energy Security Threat

Germany diverges from Poland on threat from Russia’s Nord Stream 2 gas pipeline.

Reuters

Crude Oil

Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers

Budget deal triples the tax credit for injecting carbon dioxide to bolster crude output.

Reuters

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