Targa Resources Acquires Southcross in $200 Million ‘Bolt-on’
The Southcross Energy acquisition follows recent comments made by Targa CEO Matt Meloy that the company was actively looking at “bolt-on or tuck-in acquisitions” across its footprint with a couple of caveats.
US Regulators Slow Consideration of Climate Impact of New Gas Projects
Several senators from natural gas producing states, including Democrat Joe Manchin and Senate Minority leader Mitch McConnell, had called on FERC to kill the policy.
US Senator McConnell Asks FERC to Kill Climate Rule for Pipelines
Mitch McConnell, the U.S. Senate’s top Republican, wants FERC to rescind rules it just issued in February that require pipeline project reviews to weigh the direct and indirect impacts of GHG emissions.
NextDecade Strikes Deal with China’s Guangdong Energy for Texas LNG Project
Shares of Houston-based NextDecade rose in morning trading after it unveiled the agreement with Guangdong Energy for its Rio Grande plant under development along the Texas Gulf Coast.
Tallgrass Energy Looks to International Growth, Hires Sempra’s Sally Sun
Tallgrass Energy hired Sally Sun, previously with Sempra LNG, in January as vice president of international business development to oversee its outreach to international customers “on a range of opportunities.”
New Fortress Pennsylvania LNG Project On Hold, Environmentalists Claim
Environmental groups claim to have obtained an agreement from New Fortress to allow the proposed LNG plant’s air quality permit to expire in July, effectively halting the project in north-central Pennsylvania.
US Crude Oil, Fuel Stockpiles Fall as Demand Jumps: EIA
Worldwide demand for crude oil was also visible in U.S. exports of crude, which rose to their highest since July 2021, and as refinery utilization rose on the U.S. Gulf Coast hub to its highest level since January 2020.
Kazakh Caspian Pipeline Oil Exports Suspended Due to Storm Damage
Most of the oil in the Caspian Pipeline Consortium belongs to Russia, Kazakhstan and international oil majors such as Chevron Corp.
Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers
The changes come “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service.”
Whiptail Midstream Acquires San Juan Assets from DJR Energy
Whiptail Midstream also plans to build out gathering infrastructure for DJR Energy as it develops its acreage in the Gallup oil window of the San Juan Basin, says CEO Josh Lamberton.