Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada
Darth Vader (BlackRock) Buying New England Pipeline for $1.14B
The 295-mile Portland Natural Gas Transmission System (PNGTS) spans New England from the Canadian border to pipeline connections in New Hampshire, Maine, and Massachusetts. The system began operations in 1999 and is located between three major pipeline networks originating in Canada and the Southern U.S. TC Energy owns 61.7% of PNGTS. The remaining 38.3 percent is owned by Northern New England Investment Company. The system includes 107 miles of facilities jointly owned by PNGTS and Maritimes & Northeast Pipeline. PNGTS owns 32% of those facilities. TC Energy announced today it is selling PMGTS to the evil BlackRock (run by CEO Larry Fink, a known anti-fossil fueler) for US$1.14 billion.
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Never jump to conclusions. It can come back to bite you. Even MDN is sometimes (rarely, but sometimes) guilty of violating that truism. Last week, we told you that drilling mud left in the ground from Energy Transfer’s Mariner East Pipeline project work near Marsh Creek State Park (Chester County, PA) had, more than three years after the work was completed, begun to leak out of the ground once again (see 
Yesterday, the Biden White House announced it is nominating three new members to join the Federal Energy Regulatory Commission (FERC). There are supposed to be five commissioners, although the commission can still function with as few as three. Currently, there are three (two Democrats, one Republican), with one of the Dems, radical Allison Clements, leaving at the end of her term in June. Two active commissioners are not enough for a quorum to vote on important matters. So finally, after months and months of stalling, Joementia got around to nominating some new blood — two Dems and one Republican.
Two days ago, MDN told you about the rumor that Occidental Petroleum is considering a sale of its majority share in Western Midstream Partners for $20 billion, looking to work down a big pile of debt (see 
The contours of how and why Equitrans Midstream decided to cut its MVP (Mountain Valley Pipeline) Southgate project in North Carolina are becoming apparent. We told you in January that Equitrans had decided to slice MVP Southgate in more than half (see 
Two really big (huge) pieces of news are coming from yesterday’s Equitrans Midstream fourth quarter and full-year 2023 update. The first bit of news is that Equitrans is actively considering a buyout offer. The company doesn’t use that exact language, but that’s what’s happening. This should come as no surprise, given the rumor mill on a potential Equitrans sale heated up last December (see 
DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its fourth quarter 2023 update last Friday. The Marcellus/Utica region (which they call Northeast in the report) received several prominent mentions during a conference call with analysts. Also of note were comments by DT CEO David Slater, who said he’s positioning the company to take advantage of “bolt-on” opportunities in the regions where they operate. Meaning he’s on the lookout for mergers and acquisitions.
In September 2022, MDN told you about a new 53-mile pipeline project in Western Kentucky — a 16-inch natural gas pipeline to feed natgas to the southern Pennyrile Region (see 
Yesterday, the U.S. Court of Appeals for the District of Columbia (D.C. Circuit) delivered a HUGELY important decision. In April 2023, the U.S. Supreme Court breathed new life into a long-running lawsuit funded by Big Green groups using (abusing) a small group of uppity Virginia landowners who argue the Federal Energy Regulatory Commission (FERC) had no right to delegate authority to Mountain Valley Pipeline (MVP) to use eminent domain to cross land, including the land owned by the small group of uppity landowners in Virginia. The aim of the lawsuit is to prevent any private company from using eminent domain ever again to build public infrastructure — a true disaster of national importance. The D.C. Circuit said in an opinion yesterday that it lacks jurisdiction to rule on the matter, meaning it’s “case closed,” and MVP can finish up the final little bits (it’s about 99% done now).
Here’s the kind of thing you don’t want to read about. Utility giant National Fuel Gas Company, headquartered in Buffalo and parent to Seneca Resources and NFG Midstream (and Empire Pipeline), is suing a former employee and several vendors for buying and installing counterfeit parts at several compressor stations. One such part caused the temporary shutdown at one compressor station in New York’s Southern Tier when the part failed to work correctly.
In 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed to extend MVP (when it’s done) by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The 75-mile extension is called MVP Southgate. Last year, Equitrans asked the Federal Energy Regulatory Commission (FERC) to extend Southgate’s project timeline an extra three years. FERC agreed in December (see 
The Iroquois Gas Transmission pipeline project called Enhancement by Compression (ExC) increases horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, flowing more Marcellus/Utica gas into New York City and New England (see 
Last Thursday, 29 far-left nutball groups wrote Mike Rolband, Director of the Virginia Department of Environmental Quality (DEQ), demanding that he issue a stop work order for the 99% completed Mountain Valley Pipeline (MVP) due to “repeated and widespread violations and damage to waterbodies and private property.” This isn’t the first time these groups have demanded regulators intervene to block MVP based on flimsy grounds. The 29 radical groups include Wild Virginia, The Wilderness Society, Virginia League of Conservation Voters, West Virginia Rivers Association, Chesapeake Climate Action Network, and others (most of them obscure, one-person “groups” pretending to be bigger than they are).
Hyperion Midstream LLC, a subsidiary of Olympus Energy, is seeking a special exception to a Penn Township (Westmoreland County) zoning ordinance to build a six-generator compressor station along Wilderness Road over the next four years. In early January, Hyperion representatives and witnesses testified at a township zoning hearing in favor of the plan (see