A gas transmission impairment forced a Q4 earnings loss, but the company expects high utilization of its Mainline pipeline system in 2023.
BP and Chubu Electric Power will explore the possibility of collecting CO2 from major Nagoya emitters and transporting it to storage sites.
Analysts note that midstream operators of all sizes may have opportunities in CCUS.
Natural gas-focused firm launches platform for investments in storage, transport and infrastructure.
An EIA report on U.S. natural gas showed that this year's storage level was at 3,580 Bcf—only a 1% difference from the 3,617 Bcf of storage reported this time last year.
Oxy Low Carbon Ventures and Enbridge Inc. will leverage each other's strengths in a new partnership to develop, construct and operate a Texas Gulf Coast-based carbon sequestration facility and pipeline transportation system.
On Nov. 28, an approximated 3,500 gallons of lubricant oil from a Martin Energy Services secondary containment facility spilled near Calcasieu Point Landing, La.
Also supporting natural gas futures in the U.S. were worries about a possible rail strike that could disrupt coal shipments to utilities this winter, forcing power generators to burn more gas to produce electricity.
The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).
The North American Electric Reliability Corp. (NERC) said that the lack of interconnections with other regions limited Texas’ ability to import power from other regions if problems arise.