Equitrans to Complete Mountain Valley Pipeline in 2023, Shares Soar

U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.

Technologies Proven to Increase Carbon Capture Across Industries

Three companies with proven CCS solutions explain how their technologies are at work today to reduce the carbon footprint of industrial operations including for Chevron in Bakersfield, Calif.

Exxon Mobil Awards TechnipFMC Contract for Gas to Energy Project

TechnipFMC will provide engineering, procurement, construction and installation services of subsea risers and pipelines for Guyana's gas-to-energy project.

US Emergency Crude Stockpile Falls to Lowest in 37 Years

The U.S. Strategic Petroleum Reserve (SPR) held about 618 million barrels last September and its stocks have declined due to sales from congressional mandates and Biden’s price initiative.

Magellan’s Permian-Houston Crude Pipelines Volumes Drop, Fuel Volumes Rise

The BridgeTex crude pipeline from the Permian to Magellan’s East Houston terminal, which is a joint venture, dropped to 215,000 bbl/d from nearly 315,000 bbl/d in the year-ago period.

Enbridge to Invest $1.5 Billion in Pacific Energy’s Woodfibre LNG Project

Under the partnership, Enbridge will invest in a 30% ownership stake in the $5.1 billion project, with Pacific Energy retaining the remaining stake in the Woodfibre LNG export facility.

Sempra, Entergy to Advance Renewable Energy in South Texas

Sempra already has some facilities in development in the area where Entergy already services 486,000 customers in Southeast Texas including its proposed Port Arthur Pipeline Louisiana Connector.

TC Energy’s Coastal GasLink Cost Estimate Jumps Nearly 70%

First announced in 2018, the 670-km Coastal GasLink pipeline is being built to transport natural gas to an LNG Canada facility at the west coast of British Columbia, Canada’s first LNG export terminal.

Refiner Phillips 66 Q2 Profit Surges on Strong Fuel Demand

"We are focused on reliably providing critical energy products, including transportation fuels, to meet peak summer demand," Phillips 66 CEO Mark Lashier commented in the company's second quarter 2022 earnings report.

EQT in Talks with LNG Companies on Possible Agreements, CEO Says

Finding East Coast LNG opportunities is especially important for a producer like EQT because pipeline capacity in Appalachia, where EQT produces gas, was already near capacity and not expected to grow much in coming years.