Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise
The company forecasted its 2022 EBITDA between C$15 billion and C$15.6 billion, higher than its 2021 expectations of C$13.9 billion to C$14.3 billion.
Baker Hughes Bags Major Turbomachinery LNG Order for the Pluto Train 2 Project
Pluto Train 2 will have a capacity of approximately 5 million tons per annum of LNG production.
Tug Hill, XcL Seek Responsibly Sourced Gas Certification for Project Canary Partnership
The companies have engaged with Project Canary's market-leading upstream TrustWell and Midstream certifications, which analyze more than 600 unique operational ESG data points on a per well and midstream asset basis.
BlackRock, Saudi Asset Manager Hassana Sign Deal for Aramco's Gas Pipelines
Earlier this year Aramco sold a 49% stake in its oil pipelines to a consortium led by U.S.-based EIG under a similar structure for $12.4 billion.
Strike Files for Bankruptcy, Plans to Sell All Assets to Stalking Horse Bidder American Industrial Partners
Affiliates of American Industrial Partners to serve as Stalking Horse Bidder in court-supervised sale process and provide approximately $29 million in DIP financing to support operations.
Trans Mountain Oil Pipeline Restarts after Weeks Out of Service
Trans Mountain is a key oil export route and nearly two-thirds of its volumes in the first half of 2021 were light oil deliveries heading to U.S. refineries, says IHS Market Vice President Kevin Birn.
US LNG Export Capacity to Reach New Milestone by 2022
Upon completion of new trains at Sabine Pass and Calcasieu Pass, the EIA predicts U.S. LNG export capacity will become the world’s largest with peak capacity of 13.9 Bcf/d across seven LNG export facilities.
CenterPoint Begins Midstream Exit Following Enable Sale to Energy Transfer
The sale by CenterPoint, one of Enable Midstream’s two largest unitholders, was part of the $7.2 billion all-stock merger of Enable with Energy Transfer that underwent an extended FTC investigation.
Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant
Louisiana Governor John Bel Edwards said the new plant will create more than 1,000 new permanent jobs and thousands of construction jobs.
Australian LNG Output Hit by Shell, Chevron Outages This Week
Shell said Prelude LNG site was hit by a power outage after smoke was detected in an electrical utility area.