Saturday, August 8, 2026

Statoil, Shell and Total will Move Forward Carbon Storage on the Norwegian Continental Shelf

Norske Shell (ticker: RDSA), Statoil (ticker: ASA), and Total E&P Norge (ticker: TOT) have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf. The CO2 project has a capacity of approximately 1.5 million tons per year for the first phase. The project is designed to accommodate additional CO2 volumes to stimulate new commercial

Laredo Sells Medallion Midstream Pipeline

Private Global Infrastructure Partners will acquire major Midland pipe system Laredo Petroleum (ticker: LPI) announced today the sale of its interest in the Medallion Midstream pipeline system. Privately-held Global Infrastructure Partners will pay $1.825 billion in cash for total ownership in Medallion. These proceeds will be split between Laredo and The Energy & Minerals Group, a private investment firm. Medallion

AltaGas Commissions the $125 Million Townsend 2A Project, Updates Ridley Island

Painted Pony Energy has 20-year take-or-pay agreement with Townsend 2A AltaGas Ltd. (Ticker: ALA) started commercial operations at its 99 Mmcf/day shallow-cut natural gas processing facility (Townsend 2A), adjacent to the currently operating Townsend Facility. Commissioning of Townsend 2A was completed on October 1, 2017, the company said in a press release. Volumes are expected to progressively ramp up through

Why Wait till 2022 to Deliver LNG? Tellurian Contracts for Use of LNG Tanker for 6-Months Beginning Yesterday

Texas-based LNG export facility developer, Tellurian Inc. (ticker: TELL), has entered into a six-month time charter contract with Maran Gas Maritime Inc. for an LNG tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka Oct. 1, the company said in a press release. President and CEO Meg Gentle said, “As winter approaches, we will begin