Business news

SEFE has announced it will purchase natural gas from ConocoPhillips over the next ten years

Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows.

Read MMLP’s response to opposition of its planned takeover by Martin Resource Management Corp.

Flagship summit to debate key challenges facing offshore contracting sector including sustainability, safety, and people.

In total, this round of funding will support 60 modernisation projects for natural gas pipelines across 20 states.

The 20 year contract will boost CNRL’s space on the pipeline by about 75% to roughly 164 000 bpd, according to Bloomberg calculations.

Vallourec announces the signing of a MoU with Advanced Supply Management Operations (ASMO), a joint venture between DHL and Aramco.

In all, the company successfully completed more than 3800 welds on two 20.8 km and one 5.5 km pipelines.

The MoU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources.

The transaction is expected to close late in 4Q24.

Martin Midstream Partners LP has announced its financial results for 3Q24.

As part of the transaction, the Company has entered into a new agreement for a super-priority revolving credit facility of US$125 million due 2029, undrawn at close.

Sonatrach, Sonelgaz, VNG, Snam, Seacorridor and Verbund Green Hydrogen have signed a Memorandum of Understanding in order to conduct studies to assess the viability and profitability of an integrated project for the production of green hydrogen in Algeria.

The acquisition consists of 43% of EnLink's outstanding common units for US$14.90 per unit and 100% of the interests in the managing member for US$300 million.

A statutory consultation will run from 14 October until 19 November, 2024, and will include eight in-person consultation events across the project area, along with two online events.