Natural Gas
Nord Stream 2 AG Receives Extension for Debt Restructuring Deadline
A court in Switzerland has extended the deadline for Nord Stream 2 AG, a unit of Russia's Gazprom, to restructure its debts to May 9 from Jan. 10, according to a court ruling.
Expand Energy on Track for 7 Bcf/d Gas Output by 2025, CEO Says
Expand Energy, the biggest U.S. natural gas producer, remains on track to boost output to around 7 billion cubic feet per day (Bcf/d) in 2025, CEO Nick Dell’Osso said at the Goldman Sachs Energy, CleanTech & Utilities Conference on Tuesday.
U.S. Natural Gas Futures Surge 6% on Freezing Wells, Northeast Price Spike
U.S. natural gas futures jumped about 6% in another volatile day of trade on Wednesday on forecasts for more heating demand than previously expected and as freezing wells cut output.
Chevron Eyes $6-8 Billion Free Cash Flow Growth in 2024, CEO Says
Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday.
Constellation Nears $30 Billion Deal for Natural Gas Company Calpine: Bloomberg
Constellation Energy is nearing an acquisition of Calpine Corp. that would value the company at about $30 billion including debt, Bloomberg News reported on Wednesday, citing people familiar with the matter.
EnCap Flatrock Midstream Nets $800 Million in Plains All American Transactions
EnCap Flatrock Midstream (EFM) has finalized agreements to sell Ironwood Midstream Energy Partners II and its Plains Series A Preferred Units to Plains All American for over $800 million in cash.
Trump Plans Immediate Reversal of Biden's Offshore Drilling Restrictions
U.S. President-elect Donald Trump said on Tuesday he will move quickly to revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden.
OMV Strikes Deal to Deliver Romanian Gas to Germany Amid Energy Shift
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, three people familiar with the matter told Reuters, as Europe seeks new ways to boost energy security after cutting ties with Russia.
Biden Bans Offshore Drilling in Vast U.S. Waters Before Trump Term
U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.
Nicor Gas Launches First Renewable Natural Gas Interconnection in Illinois
Nicor Gas has announced its first renewable natural gas (RNG) interconnection with Air Liquide's largest RNG facility globally. The facility, located in Rockford, Illinois, converts biogas from the nearby Winnebago Landfill into energy via the Nicor Gas delivery system.
Diversified Energy Expands Midstream Assets in Appalachia with $45 Million Acquisition
Diversified Energy Company PLC has announced a $45 million acquisition of natural gas properties and midstream facilities in Virginia, West Virginia, and Alabama. The assets were purchased from Summit Natural Resources and are expected to close during the first quarter of 2025.
U.S. Natural Gas Prices Surge 10% as Winter Storms Hit Output and Demand
U.S. natural gas futures soared about 10% to a one-week high in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes froze.
Central Europe Adjusts Gas Flows as Ukraine Transit Halts
Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall, data from network operators showed on Monday.
Inpex Restores Typhoon-Damaged Gas Pipelines in Japan
Inpex Corp. has completed restoration work on its natural gas trunk pipeline network in Japan, addressing damage caused by Typhoon Hagibis in October 2019.
Brazil's Eneva Restores Normal Gas Flow to Porto de Sergipe I Power Plant
Brazilian power firm Eneva has resumed normal gas supplies to its Porto de Sergipe I thermoelectric plant after replacing part of a pipe that had affected gas flow for nearly three months.
Moldova Breakaway Region Faces Extended Blackouts After Gas Cutoff
The pro-Russian breakaway Moldovan region of Transdniestria, left without Russian gas supplies no longer transiting through neighboring Ukraine, faced longer periods of rolling power cuts on Saturday, local authorities said.
U.S. Winter Storms Threaten Power Outages, Natural Gas Supply Disruptions
Freezing weather and snow storms across the U.S. could cause massive power outages over the next week and boost natural gas demand to its highest levels of the winter, according to energy analysts and reliability coordinators.
Delek Logistics Closes $285 Million Gravity Water Acquisition
Delek Logistics Partners LP has completed its $285 million acquisition of Gravity Water Intermediate Holdings LLC, expanding its midstream capabilities in the Permian Basin.
PacificLight Power Gets Nod for Hydrogen-Ready Gas Power Plant in Singapore
PacificLight Power (PLP) said on Friday it has received approval from the Singapore government to build a new hydrogen-fueled gas power plant on Jurong Island.
EIA: U.S. Crude Stocks Drop While Gasoline and Distillate Inventories Surge
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the Energy Information Administration (EIA) said on Thursday.
Pembina Completes Kaybob Complex Acquisition, Expands Infrastructure in Karr and Gold Creek Areas
Pembina Pipeline Corp. has completed the acquisition of a 50% working interest in Whitecap Resources Inc.'s 15-07 Kaybob Complex located in Alberta, Canada, as announced by Pembina Gas Infrastructure Inc.
U.S. Oil Executives See Faster Permitting Under Trump: Dallas Fed
U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday.
EQT Finalizes $3.5 Billion Midstream JV with Blackstone Credit
EQT Corp. has completed the formation and funding of its midstream joint venture (JV) with Blackstone Credit & Insurance (BXCI), the company announced on Dec. 30.
BP's GTA Project Delivers First Gas for Senegal and Mauritania
The Greater Tortue Ahmeyim (GTA) gas project developed by BP and partners has produced its first gas from an offshore field in Senegal and Mauritania, the two countries' energy ministries said.
Russian Gas Era in Europe Ends as Ukraine Stops Transit
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.
Subsea7 Wins IRM Contract for Sakarya Gas Field Offshore Turkey
Subsea7 has been awarded a contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair, and maintenance (IRM) services for the Sakarya gas field in the Black Sea, the company said on Dec. 30.
BW LPG Finalizes Acquisition of 12 VLGCs from Avance Gas
BW LPG has completed its $1.05 billion acquisition of 12 Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd., following the delivery of the final vessel, BW Avior, on Dec. 31.
Williams Places Transco’s Southside Expansion Project in Service, Adds 423 MMcf/d Capacity
Williams has announced that its Southside Reliability Enhancement project is now fully operational, increasing natural gas capacity in North Carolina and Virginia.
ONEOK Finalizes $1.2 Billion Sale of Natural Gas Pipelines to DT Midstream
ONEOK Inc. has completed the sale of its three interstate natural gas pipeline systems to DT Midstream Inc. for $1.2 billion in cash. The deal included the Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission systems.
FERC Rejects Effort to Regulate Williams’ Gathering Line
(P&GJ) — The Federal Energy Regulatory Commission (FERC) just gave a big boost to interstate pipelines that are considering new connections between shale fields and customers.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Colonial Shuts Largest U.S. Gasoline Pipeline to Investigate Leak
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
