US pipeline news

Provider of AI-enhanced pipeline monitoring and leak detection technology, PipeSense, has announced the successful installation of three of its advanced systems across the US.

1PointFive and Enterprise Products Partners has announced an agreement for the development of a CO2 transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas.

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about US$3.5 billion, says Reuters.

According to Reuters, a wave of consolidation in the top US shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by over-producing. Pipeline firms also have embraced acquisitions over new construction.

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.

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

The US Energy Information Administration has reported on the construction of four new petroleum liquid pipelines projects in the US since 2023.

According to Reuters, the 580 mile (933 km) Matterhorn Express pipeline is the first new natural gas pipeline built in the Permian basin in three years.

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