US pipeline news

Coterra Energy Inc has announced it has entered into two separate definitive agreements to acquire certain assets, including 125 miles of pipelines, of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of US$3.95 billion, consisting of US$2.95 billion of cash and US$1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments.

Investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets, says Reuters.

Perma-Pipe International Holdings, Inc has announced US$6 million in new project awards in the MENA region. Additionally, the company announced US$9 million in new project awards in the Americas, demonstrating continual improvement in the region.

With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the Q324.

Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.

Reuters has reported that the difference in prices for US shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed.

The US Energy Information Administration has reported that US exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million t in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the US Census Bureau.

WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm transportation agreements with shippers.

ONEOK, Inc. has announced the successful completion of its acquisition of Medallion Midstream from Global Infrastructure Partners, for a total cash consideration of approximately US$2.6 billion.

US imports of crude oil from Canada reached a record of 4.3 million bpd in July 2024 following the expansion of Canada’s Trans Mountain pipeline.