Natural Gas
Maverick Natural Resources Explores $3 Billion Sale, Sources Say
The Houston-based exploration and production company, which is owned by energy-focused investment firm EIG, is working with investment bankers at Jefferies on the sale process, the sources said, requesting anonymity as the discussions are confidential.
UK Court Rules Approval for BP-Backed Gas-Fired Power Station Was Lawful
Britain's approval of a new gas-fired power station backed by BP was lawful, London's High Court ruled on Wednesday, dismissing a legal challenge over the project.
Russian Court Freezes $1.2 Billion in Linde UK Assets Over Gas Processing Dispute
A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday.
CPP Investments Acquires $843 Million Stake in Private Midstream Firm Tallgrass Energy
Based in Denver, Colorado, Tallgrass is a leading infrastructure company operating a network of more than 10,000 miles of pipeline assets across 14 states in the U.S.
Exxon Reports 59 Layoffs to Texas Workforce Commission After Pioneer Acquisition
Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission.
Alabama Town to Begin $2.8 Million Natural Gas Pipeline Project with Infrastructure Funds
Cordova, Alabama, will kick off a major natural gas pipeline replacement project with a groundbreaking ceremony on August 20.
McDermott Wins EPCI Contract for Gas Project Offshore Trinidad and Tobago
McDermott has been awarded an EPCI contract by Shell Trinidad and Tobago Ltd. for the Manatee gas field development project, located 60 miles (100 kilometers) off the southeast coast of Trinidad and Tobago.
Corrosion Control: Enhancing Protection for Tanks and Pipelines with VCIs
Vapor corrosion inhibitors (VCIs) offer a complementary solution to traditional corrosion protection methods, enhancing the defense of tanks, pipelines, and insulated surfaces in hard-to-reach areas.
LaBella Associates Acquires Process Pipeline Services, Enhancing Natural Gas Capabilities
LaBella Associates announced that it has acquired Process Pipeline Services Inc. (PPS), a provider of engineering, design and consultation services focused on the natural gas industry.
Occidental Puts CrownRock Expansion on Hold, Targets Debt Cut
Occidental Petroleum said it will focus on cutting debt and catching up with promised production goals before an eagerly anticipated expansion of its cash distribution program.
End of an Era? Russian Gas Flow to Europe via Ukraine in Question
Russia continues to supply gas to Europe through Ukraine, despite the war and shifting energy dynamics. With the transit deal ending in 2024, the future of these gas flows remains uncertain.
Chevron Achieves Industry First with Ultra-High Pressure Oil Field in Gulf of Mexico
At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day. The field is about 140 miles (225 km) off the coast of Louisiana.
Gazprom's Gas Transit Through Ukraine Continues Amid Reported Clashes Near Sudzha
The Ukrainian transit operator said on Wednesday that Russian natural gas continued to transit Ukraine as normal despite reports of clashes near the Russian town of Sudzha where Russian gas flows into Ukraine.
EnLink Midstream Approves Major Capacity Increase at Louisiana Gas Storage Facility
The Stage 1 expansion, which leverages existing assets at JISH, is expected to cost approximately $85 million and will increase the facility’s working gas storage from 2 Bcf to 10 Bcf.
Energy Transfer Raises 2024 Profit Forecast on Higher Volumes, Acquisitions
Energy Transfer has raised its full year profit forecast after the U.S. pipeline and storage company posted higher second-quarter profit on the back of strong crude and natural gas liquids (NGL) transportation volumes.
NOG to Acquire Additional Uinta Basin Assets for $17.5 Million
Northern Oil and Gas Inc. announced it has exercised its option to acquire a 20% stake in the Altamont Assets in the Uinta Basin. The purchase price is $17.5 million in cash, subject to customary closing adjustments.
Ukraine Pierces Russian Border Near Major Gas Transmission Hub
Russia said on Wednesday that it was fighting intense battles against Ukrainian forces which had penetrated the Kursk region near a major natural gas transmission hub in one of the largest incursions into Russia since the war began in February 2022.
U.S. Natural Gas Producers Plan Further Output Cuts as Prices Plummet
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.
Bernhard Capital Acquires New Mexico Gas Company from Emera for $1.252 Billion
Emera acquired NMGC as part of its purchase of the TECO group of companies in 2016. NMGC is the largest natural gas utility in New Mexico, serving over 545,000 customers and managing more than 12,000 miles of pipelines.
Trace Midstream Acquires LM Energy’s Delaware Basin Gas Gathering, Transportation Assets
Trace Midstream Partners II has acquired LM Energy’s gas gathering and transportation assets in the Northern Delaware Basin, adding 170 miles of pipeline and 12 compressor stations to its portfolio.
ONEOK Profit Rises on Strong Rocky Mountain Region Volumes
U.S. pipeline operator ONEOK reported a rise in second-quarter profit on Monday, as it moved more natural gas and liquids from the Rocky Mountain region.
Williams Cos. Exceeds Q2 Estimates, Boosted by New Acquisitions
Williams has made a series of acquisitions in recent past to boost its capacity, hoping to tap into an expected spike in demand for liquefied natural gas exports and power-intensive AI data centers.
Clean Energy Begins Injecting RNG from Minnesota Dairy into Pipeline Grid
Now producing pipeline quality RNG and injecting it into the interstate natural gas pipeline grid, the facility is projected to supply up to 480,000 gasoline gallon equivalent of RNG annually.
New Gas Pipeline Projects Underway Across Latin America
In Latin America, at the moment, there are a series of projects to build, expand and rehabilitate gas pipelines, which are of great importance to the strengthening of midstream infrastructure of those countries.
Woodside's Browse Gas Project Awaits Decision from Australian Regulator
The $20.5 billion project in waters off Western Australia is the country's largest untapped gas resource but has been stuck on the drawing board for decades.
Enbridge Eyes Data Center Market, Increases Profit Forecast and Pipeline Capacity
Pipeline operator Enbridge raised its full-year profit forecast on Friday as it benefits from newly acquired assets and said it was well-positioned to capitalize on growing demand for natural gas to supply U.S. data centers.
Chevron-Hess Merger Drags On Amid Exxon Arbitration Challenge
Chevron said an arbitration panel that will evaluate Exxon's challenge to its Hess acquisition should have a decision between June and August 2025.
U.S. Dominates Global Natural Gas Production and LNG Exports
The U.S. has reinforced its position as the leading global producer of natural gas and LNG exporter, with notable increases in LNG supply and significant reductions in European and Russian gas imports.
Canada's Indigenous Groups to Borrow $722 Million for TC Energy Pipeline Stake
Canada's Indigenous groups are preparing a $721.66 million bond offering to fund the purchase of a minority stake in TC Energy's natural gas pipeline system.
Russian Pipeline Gas Exports to Europe Reach Highest This Year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June, Reuters calculations showed.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- A Systematic Approach To Ensuring Pipeline Integrity
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
