Natural Gas

Projects August 2024

Explore recent developments in energy infrastructure: Allseas completes the 163-mile Barossa pipeline, FERC approves Mountain Valley's $7.85 billion Virginia gas pipeline, Nigeria's AKK pipeline set for 2025 completion, Wison exits Arctic LNG 2, Enbridge faces Line 5 legal challenges, and more!

Global News August 2024

Latest industry developments from around the world!

Congress Stalls on Pipeline Safety Bill as PHMSA Nears Key Rule Decisions

Pipeline & Gas Journal Exclusive: As Congress heads toward the end of this session, presumably in late September, two different bipartisan pipeline safety bills passed by two House committees appears to be going nowhere fast.

Russia's Novatek Postpones Arctic LNG 2 Third Line to 2028

Russian natural gas company Novatek has postponed the start of operations at the third line of the Arctic LNG 2 project to 2028 from 2026, RBC media reported on Thursday.

Final Phase of Gas Pipeline Decommissioning Begins in New Mexico’s Valles Caldera

(P&GJ) — The pipeline, which was constructed by the U.S. Department of Energy in the 1940s to supply natural gas to Los Alamos National Laboratory, was retired in 2022. Restoration work commenced the same year.

Editor’s Notebook: Alaska’s New LNG Pipeline Push Faces Long Odds

Pipeline & Gas Journal Exclusive: Alaska’s ambitious LNG pipeline project might seem like a game-changer, but significant hurdles remain. In this Editor’s Notebook, we dive into the latest developments, investor concerns, and what it all means for the future of U.S. energy exports. Can the Last Frontier overcome the odds?

Exxon Claims Hidden Value in Hess Guyana Assets Could Alter $53 Billion Chevron Deal

Getting the arbitration panel to consider the appraised value is central to Exxon's claim that the deal is an asset acquisition disguised as a merger.

Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Million

The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators more valuable.

Caliche to Expand Gas Storage and Carbon Sequestration with Sixth Street Backing

The investment will fund the expansion of the Golden Triangle Storage facilities in Beaumont, Texas, and the Central Valley Gas Storage in Princeton, California, including the addition of two new natural gas caverns.

Kuwait and Qatar Discuss New 15-Year LNG Supply Deal from North Field

The deal would see Qatar providing Kuwait with 3 million metric tons per annum of the seaborne fuel over 15 years from its North Field project, which is expected to commence operation in 2026, four of the sources said.

EnerMech Secures Two Pipeline Pre-Commissioning Contracts in Malaysia

EnerMech has been awarded two pipeline pre-commissioning contracts in offshore East Malaysia. These contracts involve pre-commissioning work in both deep and shallow water environments.

Oklahoma Midstream Firm to Move Headquarters to Downtown Tulsa

Superior Midstream has announced that it will relocate its corporate offices to downtown Tulsa, with the move scheduled for January 2025.

Report: U.S. Oil, Gas M&A Activity Soars 57% in 2023 Amid Industry Consolidation

Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on Tuesday.

India's Petronet Signs 5-Year LNG Supply Deal with Sri Lanka's LTL Holdings

Indian state-run firm Petronet LNG said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.

One Killed in Offshore Natural Gas Pipeline Explosion in Louisiana

An offshore natural gas pipeline that exploded near Venice, Louisiana, on Saturday night, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said on Monday.

Oil Producer APA Explores $1 Billion Sale of Permian Basin Assets: Sources

APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters.

Fuel Pipeline Explosion at Russian Petrochemical Plant Injures Three

A blast and fire on a fuel pipeline at the Sterlitamak petrochemical plant in Russia's Bashkiria region east of Moscow injured three people, local authorities said on Monday.

Woodside Wins Approval for $12.5 Billion Scarborough Project After Green Group Backs Down

Woodside's $12.5 billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed to dismiss its challenge in a federal court.

Nigeria, Equatorial Guinea Ink Deal for $25 Billion Gas Pipeline Project

That project is expected to cost $25 billion and have a capacity of 30 billion cubic meters per year, to be completed in three phases as it links up to existing infrastructure.

TC Energy Completes $1.14 Billion Sale of Portland Natural Gas Transmission System

TC Energy Corp. has completed the sale of its Portland Natural Gas Transmission System for $1.14 billion, in partnership with Northern New England Investment Company, Inc., a subsidiary of Énergir.

U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules

A U.S. appeals court on Friday tossed out several natural gas pipeline safety standards adopted by President Joe Biden's administration following industry criticism about the massive costs on pipeline operators.

Texas Oil Billionaire, Endeavor Energy Founder Autry Stephens Dies at 86

Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, died at age 86 after a prolonged battle with cancer, the company disclosed on Friday.

Texas RRC Levies Over $2 Million in Penalties for Oil, Gas Violations

The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state's oil and gas industry.

Spain’s Cepsa Sells Iberian Gas Unit for $302 Million to Empresas Copec

Spain's second-largest oil company Cepsa has agreed to sell its liquefied gas division Gasib in Spain and Portugal to a unit of Chile's Empresas Copec for $302.42 million, the companies said on Friday.

Shaping the Future: Strategies for Attracting, Training, and Retaining Energy Sector Talent

Data associated with workforce development is not for the faint of heart. The angst it can cause is especially real for those connected to the energy industry: employers, labor partners, contractors, educators, workforce systems and other stakeholders.

Tennessee Pipeline Gets Initial FERC Approval

FERC has given a preliminary green light to East Tennessee Natural Gas to build 122 miles of 30-inch-diameter natural gas pipeline, providing about 300,000 dekatherms per day of firm natural gas transportation to the Tennessee Valley Authority’s Kingston Fossil Plant.

Brazos Midstream Nears Completion of 175-Mile Gas Pipeline in Midland Basin

The pipeline network covers several counties including Ector, Howard, and Midland, and will connect to 10 compressor stations. Once this phase is completed, Brazos will manage around 260 miles of gathering pipelines in the Midland Basin.

Harris Walks Fine Line on Energy, Keeping Voters and Industry Guessing

Is she the climate and anti-pollution warrior who was attorney general of California? Or the pragmatic Number Two in the Democratic Biden administration that oversaw record U.S. oil production and exports.

BW LPG Buys 12 Gas Carriers from Avance Gas for $1.05 Billion

BW LPG said on Thursday it had agreed to buy 12 Very Large Gas Carriers (VLGC) from Avance Gas for $1.05 billion.

Corrosion Control: Options for Combating Damage Due to Black Powder in Pipelines

Black powder (BP) is an industry name for the abrasive, reactive particulate contamination present in all gas and hydrocarbon fluid transmission lines. Black powder ranges from light brown to black, and the mineral makeup varies per production field around the world.