Business & Markets
After U.S. Blocks Iraq-Iran Power Trade, Baghdad Turns to Qatar, Oman for Gas Supply
After the U.S. blocked Iraq's imports of electricity from Iran, Baghdad is seeking alternative gas supplies from Qatar and Oman to mitigate potential energy shortages.
Trump Administration Pushes to Cancel Oil Reserve Sales, Boost Small Nuclear Power
U.S. Energy Secretary Chris Wright plans to work with Congress to cancel previously mandated oil reserve sales to address low stockpiles, while also pushing for support of small modular reactors and the Alaska LNG project as part of the Trump administration's energy strategy.
Gasoline Shippers Clash with Colonial Pipeline Over Proposed Fuel Shipping Changes
Gasoline shippers are preparing legal challenges against Colonial Pipeline over proposed changes to shipping terms that could raise fuel prices and hurt margins. The dispute centers on the pipeline's plan to alter gasoline grades and blending practices, potentially limiting supply and increasing costs.
U.S. Grants Five-Year Extension to Delfin LNG Export Permit
The U.S. has approved a five-year extension for Delfin LNG's export permit, allowing it to ship liquefied natural gas to non-free trade agreement countries. The extension supports Delfin's floating LNG project off Louisiana, with a planned capacity of 13.3 million tonnes per year.
Whitecap, Veren to Merge in $15 Billion Deal to Form Leading Canadian Light Oil Producer
Whitecap Resources Inc. and Veren Inc. have entered a $15 billion all-share transaction that will combine their assets, creating a leading Canadian light oil and condensate producer with key holdings in Alberta’s Montney and Duvernay regions.
Tallgrass Launches Open Season for Pony Express Pipeline Crude Shipments Out of Colorado
Tallgrass Pony Express Pipeline, LLC has launched a 30-day binding open season to offer incentive tariff rates for crude oil transportation from its Colorado origins, the company said on March 7.
Summit Midstream Acquires Moonrise Midstream in $90 Million Deal, Expands DJ Basin Footprint
Summit Midstream has acquired Moonrise Midstream for $90 million, expanding its DJ Basin footprint with 80 miles of natural gas and crude oil pipelines and adding 65 MMcf/d of processing capacity.
Russian Forces Walked Inside Gas Pipeline to Ambush Ukrainian Troops, Reports Say
Russia was storming the town of Sudzha on Sunday after special forces used a gas pipeline to surprise Ukrainian units as part of a major offensive to eject Ukrainian soldiers from the western Russian region of Kursk, pro-Russian war bloggers said.
Naftogaz, Poland’s Orlen Partner on LNG to Boost Ukraine’s Gas Supply
Ukrainian oil and gas company Naftogaz and Polish energy group Orlen signed an agreement on Friday to cooperate in the liquefied natural gas (LNG) sector and help Kyiv to diversify its gas supplies, the companies said.
U.S. Natural Gas Prices Rise on Cold Weather, Supply Concerns Ahead of Summer
U.S. natural gas prices rose on Friday, setting their best weekly performance in two months, as colder-than-usual weather fueled concerns over supply replenishment ahead of summer when demand typically increases for power generation to run air conditioners.
Restoring U.S. Oil Reserve to Capacity Could Take Years, Cost $20 Billion
The U.S. faces a $20 billion, years-long effort to refill the Strategic Petroleum Reserve after past withdrawals, highlighting challenges in energy security and crude supply management.
Indonesia’s $1.5 Billion LNG Push Aims to Displace Diesel in Power Sector
After a decade of false starts, Indonesia is rolling out a $1.5 billion project to distribute liquefied natural gas (LNG) on a small scale to feed dozens of power plants now running on diesel via a unique hub-and-spoke model across its vast archipelago.
Explainer: Can Nord Stream Gas Pipeline Make a Comeback in Europe?
A push by the United States to end the war in Ukraine has raised questions about how companies might begin to return to the Russian market and how Europe might re-engage with Moscow, including resuming piped natural gas supplies.
Morocco Approves $32.5 Billion in Green Hydrogen Projects
A Moroccan government committee on Thursday approved green hydrogen projects aiming to produce ammonia, steel and industrial fuel worth a total of $32.5 billion.
Williams Cos. Eyes Expanding Natural Gas Infrastructure to Meet Surging Demand
Glenn Koch, vice president-project execution at Williams Co., exclusively discussed the growing demand for natural gas and the role of underground infrastructure in meeting energy needs during Pipeline & Gas Journal's Energy Pipelines Program. He highlighted significant increases in peak-day demand driven by the power sector and the rise of data centers.
Sanctions-Related Payment Issues Halt Russian Oil Flow to Czech Republic via Druzhba
Payment issues linked to U.S. sanctions on Russia were behind the latest halt in oil supplies by Russia to the Czech Republic via the Druzhba pipeline, two sources familiar with the matter told Reuters.
Venture Global Plans $18 Billion Expansion of Plaquemines LNG Plant in Louisiana
Venture Global said on Thursday it would expand the total production capacity of its Plaquemines LNG plant in Louisiana to 45 million tonnes per annum (MTPA), up from the current 27 MTPA, with an additional investment of $18 billion.
South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
South Dakota Governor Larry Rhoden has signed HB 1052 into law, protecting landowners' property rights by prohibiting the use of eminent domain for pipelines transporting carbon oxide.
Tidewater Midstream to Sell Canadian Roadway Network for $18 Million
Tidewater Midstream and Infrastructure Ltd. has reached a deal to sell its Brazeau River Complex (BRC) roadway network to Canadian Resource Roadways LP (CRR) for CAD$24 million ($17.76 million).
Weak Refinery, Export Demand Pressures Midland Crude Prices on Texas Coast
Weak refinery and export demand are pressuring Midland crude prices along the Texas Gulf Coast, narrowing the price spread with Houston as Permian production recovers.
Venture Global Raises Plaquemines LNG Cost Estimate by $2 Billion
Venture Global has raised its cost estimate for the Plaquemines LNG project in Louisiana by $2 billion, citing inflation and other factors. The project is now expected to cost up to $23.8 billion.
Williams to Invest $1.6 Billion in Natural Gas, Power Infrastructure Expansion
Williams Companies has unveiled plans for a $1.6 billion investment to build onsite natural gas and power infrastructure for an unnamed investment-grade client.
Iraqi Kurdistan Oil Exports Still Blocked After Failed Talks
Talks to resume Iraqi Kurdistan oil exports to Turkey ended without a deal, despite U.S. pressure to restart flows amid global supply concerns.
New Fortress Energy Extends Puerto Rico Gas Supply Deal
New Fortress Energy Inc. has extended its island-wide gas supply contract with the Puerto Rico Electric Power Authority (PREPA) for another year. The contract covers 80 TBtu of natural gas supply.
BCUC Approves FortisBC's $50 Million Okanagan LNG Capacity Project
The British Columbia Utilities Commission (BCUC) has approved FortisBC Energy Inc.'s Okanagan Capacity Mitigation Project, a crucial step in addressing natural gas supply concerns in the Okanagan region.
McDermott Completes Pipeline Work for Shell’s Whale Development in Gulf of Mexico
McDermott has successfully completed the engineering, procurement, construction, installation, and commissioning (EPCIC) work for Shell Offshore Inc.'s Whale development in the Gulf of Mexico. The project, which began in 2021, reached a key milestone last month, marking the start of oil production at the site.
HYLAN Launches New Gas and Pipeline Division to Expand Infrastructure Services
HYLAN, a market-leading provider of full-service turnkey communications solutions, electrical infrastructure design, and utility construction services, is expanding its capabilities with the launch of its new Pipeline Division.
Enbridge: Tariffs Would Take Years to Impact U.S.-Canada Crude Flows
CEO Greg Ebel told reporters the energy systems of the two countries are too integrated and there is no easy way for the U.S. to replace the approximately 4 million barrels per day of Canadian oil it imports.
BP, Mauritania Detect Gas Leak at Greater Tortue Ahmeyim Project Offshore West Africa
A gas leak has been detected at a well of the BP-operated Greater Tortue Ahmeyim gas project offshore Senegal and Mauritania, the British company and Mauritania's environment ministry said on Wednesday.
U.S. DOE Approves Permit Extension for Exxon’s Golden Pass LNG
The U.S. Department of Energy said on Wednesday it has approved an extension of a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project, jointly owned by QatarEnergy and ExxonMobil, being built in Texas.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Saudi Arabia May Cut December Oil Prices for Asia, Sources Say
