Natural Gas
Constellation Energy Retires Gas-Fired Mystic Generating Station in Massachusetts
Constellation Energy on May 31 permanently shut down the natural gas-fired Mystic Generating Station located in Charlestown, Massachusetts, the EIA reported on Monday.
EPA to Review Texas' Oversight of Oil, Gas Wastewater Disposal Wells
The review follows a petition from nine environmental groups and aims to assess if the Texas Railroad Commission meets federal standards for protecting public health and the environment.
Trafigura Charters Supertanker to Load Diesel from Middle East
Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to shipping data and several trade sources.
Japan's Eneos and Mitsubishi to Expand Alliance into Hydrogen and Decarbonized Fuels
Japan's top oil refiner, Eneos Holdings, and trading house Mitsubishi Corp. said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonized fuels, in addition to sustainable aviation fuel.
Nigeria's 384-Mile AKK Gas Pipeline to Be Finished by Early 2025, NNPC Says
Construction of Nigeria's 614-km (384-mile) natural gas pipeline will be completed by the first quarter of 2025, the head of state oil firm NNPC said on Friday, two years after the initial planned completion date.
Fulcrum LNG to Assist Guyana in Developing Natural Gas Resources
U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.
U.S. Natural Gas Venting, Flaring Declined to 18-Year Low in 2023, EIA Reports
The yearly amount of natural gas vented or flared in the U.S. decreased to 0.5% of gross withdrawals in 2023, the Energy Information Administration (EIA) estimated on Thursday, based on preliminary state and federal data.
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
QatarEnergy, Exxon Move to Remove Contractor from Texas Gas Project Amid Bankruptcy
Joint venture partners QatarEnergy and ExxonMobil are urgently seeking court action to remove contractor Zachry Industrial from their $10-billion Golden Pass LNG project in Texas.
TGS Proposes $500 Million Expansion of Vaca Muerta Gas Pipeline
Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline that connects to the country's massive Vaca Muerta shale oil and gas formation.
Russian Court Orders $102 Million Award of Commerzbank Assets to Pipeline Firm
A Russian court has ordered that Commerzbank assets worth $101.86 million be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.
Mega-Deals Reshaping How Midstream Business Is Done
Explore how mega-deals are reshaping the midstream oil and gas industry, providing growth and stability amid regulatory challenges and limited organic expansion opportunities.
Projects June 2024
FERC reapproves GTN pipeline expansion; DeLa Express seeks FERC approval; Williams cancels New Jersey pipeline project; Venice extension project gets approval; Biden administration requests Enbridge review; Black Bear's Ozark project operational.
Global News June 2024
Latest industry developments from around the world!
Germany's Wintershall Dea Makes Gas Condensate Discovery in North Sea
Germany's Wintershall Dea and its Norwegian partners Petoro and DNO have made a gas condensate discovery at the Cuvette prospect in the northern North Sea, the operator said in a statement on Wednesday.
TotalEnergies, NNPC to Invest $550 Million in Nigeria Gas Facility
The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorized to speak on the issue.
Indonesia to Begin Construction of 152-Mile Java Gas Pipeline in July
Indonesia plans to start in July construction of a 245-km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday.
Biden Administration Offers $200 Million in Grants to Fix Aging Gas Pipelines
(P&GJ) — The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration is now accepting applications for nearly $200 million in grants aimed at repairing and modernizing aging natural gas pipes.
Canada Oil and Gas Emissions Cap Likely to Cut Production, Report Says
Canada's proposed oil and gas emissions cap will prompt companies to cut production rather than invest in costly carbon capture and storage (CCS) technology, analysts say.
Berkshire Hathaway Increases Stake in Occidental Petroleum to Nearly 29%
Billionaire Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil producer's common stock to nearly 29%.
Energy Transfer Submits HSR Act Filing for WTG Acquisition; Adjusts Purchase Price to $3.1 Billion
WTG owns and operates the largest private Permian Basin gas gathering and processing business with assets located in the core of the Midland Basin.
Colonial Pipeline Owners Explore Stake Sales at $10 Billion Valuation: Sources
Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter.
Pipeline Customers Push for Lower Prices Amid Regulatory Challenges
Pipeline customers have stimulated a two-pronged political attack on interstate pipeline pricing directed at the Federal Energy Regulatory Commission (FERC) and Congress.
ONEOK Completes Acquisition of 450-Mile Texas-Louisiana NGL Pipeline System
ONEOK Inc. has completed its acquisition of a system of natural gas liquids pipelines from Easton Energy for approximately $280 million.
Sound Energy Sells Moroccan Gas Assets to Managem for $45.2 Million
Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.
Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex.
Allseas Completes 163-Mile Barossa Gas Export Pipeline in Timor Sea
Allseas has completed the 262-kilometer (163-mile) Barossa gas export pipeline in the southern Timor Sea.
Phillips 66 to Sell 25% Stake in Rockies Pipeline for $1.28 Billion to Tallgrass Energy Unit
Phillips 66 said it would sell its 25% stake in the 1,714-mile Rockies Express Pipeline (REX) for about $1.28 billion to Tallgrass Energy.
Chevron Australia Initiates Repair Work on Wheatstone Platform
Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.
Editor’s Notebook: Permian’s New Kid on the Block?
As the 580-mile Matterhorn Express prepares to go into service next quarter, a new long-haul gas pipeline is looking to step forward as the next major Gulf Coast midstream project.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
