Sunbridge Energy Services will help meet Permian operators’ emission reduction goals through its natural gas compression station, coming online this month in the North Midland Basin, with a partnership with Hanwha Cimarron.
The development of the Southeast Gateway Pipeline could add to TC Energy's 2021-2026 adjusted EBITDA growth outlook, as well as expand its secured capital program to $33 billion.
Through New Fortress Energy's infrastructure investment in Plug Power's Beaumont, Texas-based green hydrogen facility, the company will be able to produce nearly 50 tons of green hydrogen per day.
Average daily crude oil volumes in the second quarter rose 30% on its Permian Basin pipelines, Plains All American said, with oilfield activity trending about 10% above its initial expectations.
The two producers known for their EOR activity look to expand their CO₂ midstream operations. Also, one analyst points out the insufficiencies in the current policy in the U.S. to justify CCUS projects.
After an explosion and fire caused Freeport LNG to shut down its Quintana, Texas, plant in June, it will resume operations later this year.
“There’s nothing good in this report for anybody unless you’re waiting for things to fall apart and to be a buyer on the downside,” Bob Yawger, director of energy futures at Mizuho, said of the EIA report.
Oxy Low Carbon Ventures subsidiary 1PointFive will continue its carbon capture and sequestration hub expansion with the leasing of 27,000 acres of timberland from Manulife Investment Management in Louisiana.
MPLX said it is expanding several projects, including in the Permian Basin where the Whistler pipeline is increasing from 2 Bcf/d to 2.5 Bcf/d.
German Chancellor Olaf Scholz insists that Russia's Nord Stream 1 turbine, currently being stored in Germany, is functional and ready to be shipped back to Russia.