Business & Markets
Ohio High Court Upholds $3.67 Billion Valuation for State’s Portion of 700-Mile Rover Pipeline
The ruling highlights the high stakes of pipeline taxation and underscores how construction overruns and environmental delays factored into the dispute.
Pemex to Overhaul Major Crude Unit at Texas Refinery in October, Sources Say
Pemex is preparing a major overhaul at its 312,500-bpd Deer Park, Texas, refinery in October. The planned 60-day shutdown will take the plant’s largest crude unit offline, along with key processing units that depend on it.
Chevron Sends First Venezuelan Oil Cargoes to U.S. After License Renewal
Chevron has shipped its first Venezuelan oil cargoes to the U.S. after receiving a renewed license from Washington, marking a policy shift in sanctions and boosting Gulf Coast refinery supply.
Key U.S. Natural Gas Trends to Track as LNG Exports Hit New Highs
U.S. LNG exports jumped 22% in 2025, setting records and cementing America’s lead in global supply. Explore the key trends driving natural gas demand, prices, and market shifts.
Amigo LNG Awards EPC Contract for Marine Facilities at Guaymas Export Terminal
Amigo LNG awarded Comsa Marine the EPC contract for marine facilities at its Guaymas LNG terminal, a 7.8 MTPA project set to start exports in 2028.
Partners Group to Sell LNG Shipping Platform CapeOmega to KKR, Ocean Yield
Partners Group will sell LNG carrier operator CapeOmega to KKR and Ocean Yield, marking a full pivot from offshore energy to low-carbon shipping. The fleet of fuel-efficient vessels is set to benefit from rising global LNG demand.
Hope Utilities to Build Ohio Gas Pipeline for Data Center Project
Hope Utilities will build a new natural gas pipeline in Ohio to power an AEP fuel cell project for a data center, with operations set to begin by October 2026.
Aramco Strikes $11 Billion Midstream Deal for Jafurah Gas Facilities
Aramco signed an $11 billion midstream deal with a GIP-led consortium for Jafurah gas facilities, securing major foreign investment to boost Saudi Arabia’s gas expansion plans.
Centrica, ECP Acquire UK’s Largest LNG Terminal in $2 Billion Deal
Centrica and Energy Capital Partners will acquire the Isle of Grain LNG terminal from National Grid in a $2 billion deal, securing Europe’s largest LNG facility and a key asset for the UK’s energy future.
Enterprise Responds to Crude Oil Leak at Houston Terminal, Seaway Pipeline Impacted
Enterprise Products is responding to a crude oil leak at its Houston terminal that temporarily reduced flows on the Seaway pipeline.
Centrica Leads Talks to Buy National Grid’s $2 Billion LNG Terminal, FT Reports
Centrica and Energy Capital Partners are in advanced talks to acquire National Grid’s Isle of Grain LNG terminal in a deal valued at about $2 billion, the Financial Times reports. The terminal is Europe’s largest LNG facility and a key asset in the UK’s energy network.
Court Orders Fluor to Pay Santos at Least $450 Million in Gladstone LNG Dispute
The Queensland Supreme Court has ordered Fluor to pay Santos at least $450 million in a dispute over the Gladstone LNG project, with both companies issuing sharply contrasting statements on the ruling.
KBR Lands FEED Contract for Indonesia’s Abadi LNG Project
KBR has been awarded a front-end engineering design contract for Indonesia’s Abadi LNG project, a national strategic initiative targeting 9.5 MTPA of LNG production. The deal involves collaboration with Samsung E&A and PT Adhi Karya.
Flooding Cuts Flows on Enterprise’s Seaway Crude Pipeline to Gulf Coast, Sources Say
Flooding has reduced crude flows on the Seaway Pipeline, a key 950,000-bpd route from Cushing, Oklahoma, to the U.S. Gulf Coast, jointly owned by Enterprise Products Partners and Enbridge.
Venture Global Wins Arbitration Against Shell Over LNG Cargo Disputes
Venture Global secured a legal victory against Shell in a dispute over long-term LNG cargo contracts from its Calcasieu Pass facility in Louisiana, boosting its stock by nearly 6% after the ruling.
U.S. Natural Gas Prices Edge Higher on Rising Demand, LNG Export Flows
U.S. natural gas prices rose about 1% on Aug. 13 as forecasts showed higher demand and near-record LNG export flows, despite ample storage and approaching storms.
EIG Buys 50% Stake in Peru’s Largest Gas Pipeline from CPP Investments
CPP Investments will sell its 49.87% stake in Peru’s main natural gas pipeline operator, TgP, to EIG. The deal, subject to approvals, marks the end of a decade-long investment in a key supplier for 40% of Peru’s power generation.
Uniper to Cut 400 Jobs Amid Strategic Refocus, LNG Expansion Plans
Uniper will cut 400 jobs as part of a cost-efficiency drive, while pressing ahead with LNG portfolio expansion and gas-fired power projects. The company reaffirmed its 2025 earnings forecast despite lower half-year results and delays in German energy auctions.
Iraq Weighs Oil Exports via Lebanon, Eyes Iraq–Syria Pipeline Revival
Iraq is considering exporting oil through Lebanon’s Tripoli port and studying the revival of the Iraq–Syria pipeline to diversify export routes. A joint committee will assess the pipeline’s condition following talks with Syria’s energy minister in Baghdad.
Venture Global Q2 Profit Tops Estimates as LNG Export Permits Drive Sales
Venture Global’s second-quarter profit beat expectations, driven by surging LNG sales following the lifting of U.S. export permits. The Louisiana-based producer reported $3.1 billion in revenue, boosted by new output from its Plaquemines project.
Greece-Bulgaria Interconnector Natural Gas Pipeline Granted Expansion Permit
ICGB has secured a permit to begin the first phase of expanding the Greece-Bulgaria Gas Interconnector to 5 bcm/y. The upgrade at Stara Zagora will boost Southeast Europe’s access to LNG and Azerbaijani gas under the Vertical Gas Corridor initiative.
Coastal Bend LNG Names EXP as Lead Environmental Consultant for Texas Export Project
Coastal Bend LNG has chosen EXP as lead environmental consultant for its planned Texas Gulf Coast export facility, a project featuring multiple liquefaction trains, LNG storage tanks, and export infrastructure, with FERC pre-filing expected in 2025.
NextDecade Secures $1.8 Billion From TotalEnergies, GIP for Rio Grande LNG Train 4
NextDecade will receive up to $1.8 billion from TotalEnergies and Global Infrastructure Partners to finance Train 4 at its Rio Grande LNG project in Texas, moving closer to a final investment decision on the 5.4 mtpa facility.
Dangote Refinery Imports 4,000 Gas-Powered Trucks for Fuel Distribution
Nigeria’s Dangote Refinery is importing 4,000 gas-powered trucks in a $470 million investment to supply fuel directly to local markets. The move aims to cut logistics costs and improve distribution from Africa’s largest refinery.
Targa Resources Tops Profit Estimates on Record Gas Volumes, Expands $1 Billion Buyback
Targa Resources reported an 18% jump in quarterly profit, fueled by record natural gas and NGL volumes, and expanded its share repurchase program by $1 billion. The gains come as U.S. energy demand surges, driven by data centers and domestic consumption.
U.S. Natural Gas Falls 3% on Record Output, High Storage Levels
U.S. natural gas futures fell 3% as record production and above-average storage offset strong LNG exports and ongoing summer heat. Stockpiles remain about 6% above normal for this time of year, analysts said.
Petroperu Plans Pipeline Link to Bring Ecuador Oil to Talara Refinery
Peru’s state-run Petroperu is working on an agreement with Petroecuador to connect Ecuadorian oil wells to Peru’s northern pipeline, enabling crude deliveries to the expanded Talara refinery.
U.S. Crude Exports Fall to Four-Year Low as Buyers Turn to Cheaper Alternatives
U.S. crude oil exports fell to 3.1 million bbl/d in July, the lowest since 2021, as tighter domestic supplies and narrowing global price spreads drove Asian and European buyers to seek cheaper alternatives.
Enterprise to Acquire Occidental’s Midland Basin Gas Assets for $580 Million
Occidental has agreed to sell its Midland Basin gas gathering assets to Enterprise Products Partners for $580 million as part of a broader divestiture strategy aimed at reducing debt.
Williams CEO Touts ‘Need for Speed’ in Race to Power Demand
Williams CEO Chad Zamarin says natural gas infrastructure must accelerate to meet surging U.S. power demand, citing new Transco expansions and AI-driven projects like the $1.6 billion Socrates development in Ohio.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
