The US Environmental Protection Agency issued new guidance on states’ certification authority under Section 401 of the Clean Water Act. The guidance provides recommendations to clarify and streamline the certification process and to promote greater investment in and certainty for national infrastructure projects while continuing to protect local water quality, EPA said. Source: News
Tariffs on Mexico
In ways both narrow and sweeping, US tariffs imposed on Mexican goods in response to illegal immigration would hurt the oil and gas industry. Source: News
OGJ’s new new owner
Until Apr. 3, 2018, the Oil & Gas Journal had not had a new owner since Apr. 20, 1910. Now it has had two of them. Source: News
Devon establishes target to reduce methane emissions
Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental Protection Agency review and third-party verification. Source: News
Indian refiners plan long LPG pipeline
Three state-owned refiners in India have agreed to form a joint venture to lay what they say will be the world’s longest LPG pipeline, spanning 2,757 km between Kandla, Gujarat, and Gorakhpur, Uttar Pradesh. Indian Oil Corp. will hold a 50% share of the venture. Bharat Petroleum and Hindustan Petroleum will hold 25% interests each. […]
Hartree to buy gas storage assets from Martin Midstream
Hartree Cardinal Gas, a subsidiary of Hartree Bulk Storage, has agreed to acquire from Martin Midstream Partners its membership interests in Arcadia Gas Storage, Cadeville Gas Storage, Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash. Source: News
Partners reach FID on Whistler gas pipeline
MPLX, First Infrastructure Capital-backed WhiteWater Midstream, and a joint venture of Stonepeak Infrastructure Partners and West Texas Gas have reached a final investment decision to move forward with the design and construction of Whistler Pipeline which will transport natural gas from the Permian basin to the Texas Gulf Coast. Source: News
Comstock to acquire Covey Park for $2.2 billion
Comstock Resources has agreed to acquire privately held, Haynesville-focused Covey Park Energy in a $2.2-billion cash and stock deal. The deal, which includes the assumption of Covey Park’s outstanding debt and the retirement of its $1.1 billion in existing preferred units, expands Comstock’s position in the Haynesville natural gas basin. Source: News
Oman-Kuwait JV lets contract for Duqm petchem complex
Duqm Refinery & Petrochemical Industries, a joint venture of state-owned Oman Oil and Kuwait Petroleum subsidiary Kuwait Petroleum International, has let a contract to John Wood Group to provide front-end engineering design for a proposed onshore petrochemicals complex in the Duqm Special Economic Zone in Duqm, Al Wusta Governate, on Oman’s southeastern coast. Source: […]
MARKET: Oil prices gain for two trading sessions
Light, sweet crude oil on the New York market and Brent crude oil prices in London gained for a second consecutive trading session June 7. Each of the two oil benchmarks rallied to settle more than $1/bbl higher compared with the previous settlement. Source: News