Midstream
The strategic buyout of Portugal’s Galp is ADNOC’s first investment in Mozambique as it continues to grow its lower-carbon LNG portfolio.
The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.
Argentina’s YPF forecasts the $3 billion oil pipeline and export terminal will carry 180,000 B/D when it goes onstream in 2026.
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Texas GulfLink now turns to satisfying licensing conditions for the export terminal. -
The energy infrastructure firm also purchased a North Dakota gas gathering system for $640 million.
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The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
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The new partnership assets include pipelines in Pennsylvania, Ohio, and West Virginia serving the Marcellus and Utica shales.
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The deal expands ONEOK’s gas transmission and processing footprint in the Permian, Louisiana, and Oklahoma.
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Contract awards for EPC on shore-based liquification facilities and FEED for upstream offshore infrastructure in Mozambique’s ExxonMobil–Eni project bodes well for an East African LNG hub.
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A government-imposed limit on gas reinjection aimed at fueling domestic growth risks cooling future investor interest in Brazil’s offshore.
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Straddling Europe and Asia, the Black Sea is emerging as a frontier for deepwater gas exploration and production as Romania and Turkey drive projects complicated by subsea hazards found nowhere else on earth.
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Proving that green hydrogen can efficiently power steel pipe manufacturing could advance the EU’s plan to decarbonize its heavy industry by importing the sustainable fuel from North Africa after 2030.
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Investment in the Kingfisher and Tilenga upstream projects together with the East African Crude Oil Pipeline and a new refinery represents a $20-billion economic lift to the country.
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