Business & Markets
Duke Energy Orders Up to 11 Gas Turbines in GE Vernova Deal
Duke Energy will acquire up to 11 gas turbines from GE Vernova to meet rising power demand across its U.S. service areas. The deal supports Duke's grid modernization strategy and follows GE’s major U.S. manufacturing expansion.
Argentina's YPF Drops Plan for Land-Based LNG Plant, Will Rely on Floating Facilities
Argentina’s state-run YPF has scrapped plans for an onshore LNG facility and will instead use floating liquefaction vessels to export gas from Vaca Muerta, CEO Horacio Marin said.
EQT Plans to Spend Less While Producing More U.S. Natural Gas in 2025
EQT plans to cut 2025 capital spending while increasing natural gas production, citing efficiency gains and strong well performance. The company also announced a $1.8 billion deal to acquire Olympus Energy’s upstream and midstream assets.
U.S. to Host Alaska LNG Summit, Urges Asian Support for $44 Billion Project
The U.S. plans to host an Alaska LNG summit in early June, seeking support from Japan and South Korea for the $44 billion export project. The meeting aims to advance commitments amid rising Asian demand for natural gas.
Valero Confirms Benicia Refinery Closure Amid Tough Regulations, High Costs
Valero Energy plans to shut down its Benicia, California, refinery by April 2026, citing a challenging regulatory environment and high maintenance costs. The closure adds to growing concerns about fuel supply in the state.
Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
California Governor Gavin Newsom has called for closer cooperation with oil refiners to secure reliable fuel supplies amid refinery shutdowns and rising pump prices, citing long-term planning needs during the state’s energy transition.
Falling Oil Prices, Limited Shale Acreage to Threaten 2025 Dealmaking, Report Says
Analysts forecast a challenging 2025 for U.S. oil and gas M&A, as weak oil prices and limited shale acreage constrain dealmaking. Despite a strong Q1, they see high asset prices clashing with buyer caution.
UK, Eni Greenlight Liverpool Bay CCS Project with New Pipeline Network
UK and Italian energy firm Eni have approved the launch of the Liverpool Bay carbon capture project, which includes construction of a 22-mile pipeline network to transport industrial CO₂ for offshore storage as part of the HyNet CCS cluster.
Morgan Stanley Infra Partners Eyes $2 Billion Permian Pipelines Sale, Sources Say
Morgan Stanley Infrastructure Partners is considering a sale of its majority stake in Brazos Midstream II, a Permian Basin pipeline operator, in a deal expected to top $2 billion.
Mexico Sends First ULSD Export from Olmeca Amid Transport Shortfalls
Mexico exported its first ultra-low sulfur diesel (ULSD) cargo from the Olmeca refinery in April, amid ongoing infrastructure delays that prevent efficient domestic fuel distribution. The cargo was delivered to Florida and Puerto Rico.
BGE Refutes Claims of Pipeline Safety Risks Tied to Falsified Contractor Audit
BGE has rejected claims by the Maryland PSC that its gas pipeline safety was compromised due to a former employee’s falsified inspection. The company insists no systemwide risks exist and defends its disciplinary handling of the matter.
South Dakota Rejects 700-Mile Carbon Pipeline Permit for Summit Carbon Solutions
South Dakota regulators have denied Summit Carbon Solutions' permit to build 700 miles of its planned carbon dioxide pipeline through the state, citing route viability and landowner opposition.
Miami LNG Rebrands as Sawgrass LNG & Power, Expands Clean Energy Services
Miami LNG has rebranded as Sawgrass LNG & Power, expanding its focus on clean LNG and power solutions for customers across the Southeastern U.S. and the Caribbean.
Kazakhstan Poised to Become Key Central Asia Gas Hub, Eyes Pipeline Growth
Kenges Rakishev highlighted Kazakhstan’s vast gas reserves and strategic position at the Energy Trends forum in Astana, proposing a new gas company to meet rising global demand and calling for infrastructure investment to unlock export potential.
Morocco Opens Bidding for New LNG Terminal Near Mediterranean Port
The terminal will be linked to an existing pipeline connecting Morocco to Spain as well as industrial zones in Mohammedia and Kenitra, in the country's northwest, the ministry said in a statement.
Woodside Weighs Trump Tariff Impact on $1.2 Billion Louisiana LNG Project
Woodside Energy is evaluating the impact of U.S. tariffs on its $1.2 billion Louisiana LNG project as it moves closer to a final investment decision. The company is also exploring equity sell-downs and new partnerships to strengthen project economics.
EQT to Buy Olympus Energy Assets for $1.8 Billion to Boost Marcellus Presence
EQT Corp. will acquire Olympus Energy's upstream and midstream assets for $1.8 billion, aiming to boost its footprint in the Marcellus shale region. The deal adds over a decade of high-quality inventory and strengthens EQT’s natural gas position.
FERC’s Willie Phillips Exits Early, Opening Door for Trump to Shift Commission Balance
Democratic FERC Commissioner Willie Phillips steps down early, reportedly after a request from the Trump administration, creating an opportunity for Republicans to gain a majority on the powerful energy regulatory body.
Aemetis Secures $31 Million in Biodiesel Orders for India’s Blending Push
Aemetis' Universal Biofuels secures $31 million in biodiesel orders from Indian Oil Marketing Companies, supporting the country’s push toward a 5% biodiesel blend by 2030.
JERA, Saibu Gas to Share Expanded LNG Terminal in Japan
JERA and Saibu Gas will collaborate on the use of an expanded LNG terminal in Japan's Hibiki port, allowing shared access to a new storage tank and boosting global LNG operations.
Phillips 66 Challenges Elliott Over Citgo Conflict in Boardroom Battle
Phillips 66 is accusing activist investor Elliott of a conflict of interest tied to Citgo as a shareholder battle over board seats and the company’s future strategy escalates.
Environmental Groups Brace for Legal Fight Over Trump’s Energy Rollbacks
Environmental groups are ramping up legal teams in anticipation of challenging President Trump’s sweeping energy deregulation orders, which bypass public input and aim to sunset federal rules.
Morocco to Launch Tender for First LNG Terminal at Nador Port
Morocco is set to begin the tendering process for its first liquefied natural gas terminal near Nador, aiming to expand gas infrastructure and meet growing energy demand, according to Energy Minister Leila Benali.
Five U.S. Petroleum Liquids Pipelines Completed in 2024, EIA Reports
Five petroleum liquids pipelines, including major NGL and refined products systems in Texas, were completed in the U.S. during 2024, according to EIA data. The projects add capacity from the Permian Basin to key refining and storage hubs.
Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
Valero says it plans to shut or restructure its California refinery by April 2026 and has booked a $1.1 billion impairment as regulatory pressure increases.
Black Sea Gas Ramps Up as Turkey Targets Regional Oil, Gas Partnerships
Turkey's Sakarya gas field has reached 9.5 million cubic meters per day, fueling Ankara’s regional energy ambitions. The country is pursuing exploration partnerships in Bulgaria, Somalia, Iraq, and the Caspian Sea as part of efforts to cut imports and boost supply security.
U.S.-China Trade War Reshapes Global LPG Flows, Pressures Prices
China is shifting away from U.S. LPG imports due to new tariffs, boosting demand for Middle East supply and altering global liquefied petroleum gas trade routes. The disruption is expected to affect prices, inventories, and global petrochemical markets.
FERC-NERC Report Highlights Improved Winter Resilience of U.S. Natural Gas System
A new FERC-NERC report highlights improved winter resilience of the U.S. natural gas system, citing reliable performance during January 2025’s record-setting arctic blast and reduced disruptions compared to past storms.
Spain Approves $455 Million in Aid to Boost Renewable Hydrogen Production
Spain has approved $428 million in state aid to support renewable hydrogen production, aiming to build up electrolyzer capacity and meet EU climate targets.
$182 Million Gas Pipeline Replacement Project Kicks Off in Southeast Michigan
Consumers Energy has launched its $182 million Four Cities Metro Pipeline project to upgrade aging gas infrastructure in metro Detroit, enhancing service reliability through 2029.
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- New Alternatives for Noise Reduction in Gas Pipelines
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
