Natural Gas
Mach Natural Resources to Buy Anadarko Basin Assets for $815 Million
Mach Natural Resources said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from privately-held Paloma Partners for $815 million in cash.
INGAA Responds to Winter Storm Elliott Report, Emphasizes Need for Enhanced Infrastructure
(P&GJ) — The recently released Winter Storm Elliott Report sheds light on the proactive measures taken by members of the Interstate Natural Gas Association of America (INGAA) to uphold system integrity during the severe weather event.
Clearwater Paper Suspends Idaho Operations Due to Regional Natural Gas Pipeline Incident
(P&GJ) — Clearwater Paper Corp. temporarily halted some operations at its Lewiston, Idaho, facility on Nov. 9 due to an incident affecting the regional natural gas system, causing disruptions to gas deliveries in the mill and surrounding areas.
Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
The developer of the Mountain Valley Pipeline has sued two protesters it says blocked construction on the $7.2 billion natural gas project, seeking compensation and orders barring them from interfering in the future.
Uganda, Tanzania to Do Feasibility Study on Gas Pipeline
Uganda and Tanzania have agreed to carry out a feasibility study for a pipeline linking Tanzania's gas fields to Uganda, their energy ministers said on Friday, as the East African neighbors seek to progress a plan first announced in 2016.
Snam Explores Acquisition of Edison's Gas Storage, Eyes Bigger Stake in Adriatic LNG
Snam plans to file an offer to buy Edison's gas storage business and is also considering increasing its stake in Adriatic LNG, Italy's biggest LNG terminal, the group's CEO said on Thursday.
Maurel & Prom Signs Pact to Expand Venezuela Oil, Gas Development
Venezuelan state oil firm PDVSA and French energy company Maurel & Prom have signed an agreement aimed at expanding operations and increasing crude and gas output at their joint venture in Venezuela's western region, the companies said.
EOG Resources Beats Quarterly Profit Estimates on Strong Production
U.S. shale oil producer EOG Resources on Thursday soared past Wall Street estimates for third-quarter profit and raised its annual production forecast amid resilient fuel demand.
Diamondback Energy Aims to Be a Buyer in U.S. Shale Consolidation
Diamondback Energy on Monday said it expects to be a buyer of rivals, rather than their target, amid consolidation in the shale industry, and raised its full-year oil production forecast.
Paradigm Shifts in Natural Gas Measurement, Maintenance
(P&GJ) — What drives paradigm shifts? Are paradigm shifts in industry the result of changes in behavior which lead to technology innovation, or does technology innovation precede paradigm shifts in behavior? This existential “what came first, the chicken or the egg” question may not have a universal answer, but in mature, risk averse, and regulated industries, the answer is almost universally the latter.
Increasing Gas Pipeline Capacity Using Nanocomposites
(P&GJ) — Even as the world needs energy desperately — particularly natural gas — takeaway capacity has been proved insufficient in several natural gas fields in the United States.
Enbridge Expands RNG Footprint with $1.2 Billion Purchase of Seven US Facilities
(P&GJ) — Enbridge has taken another significant step in the business of manufacturing and transporting renewable natural gas (RNG) — by announcing the purchase of seven operating U.S. landfill gas-to-RNG facilities from RNG developer Morrow Renewables.
EIA: US Natural Gas Output and Demand to Hit Record Highs in 2023
U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.
Mexico's Pemex, New Fortress Energy Scrap Deepwater Gas Project, Sources Say
Mexican state energy company Pemex and U.S. LNG company New Fortress Energy have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said.
Talos Working on Engineering Design for Zama Oil, Gas Project in Mexico
Talos Energy is making a final review of the engineering design and working to secure financing for the Zama project, a Mexican oil and gas project in the Gulf of Mexico, before making a final investment decision (FID), the company's CEO said on Tuesday.
Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
(P&GJ) — Kinder Morgan Inc. has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system, which spans 462 miles, boasts a substantial transport capacity of 4.9 billion cubic feet per day.
Investors Dump Crude Oil and Distillates as Middle East Risk Recedes
Investors dumped crude oil futures and options for the second week running as the economic outlook worsened and the risk of a wider conflict in the Middle East appeared contained.
Cyprus Responds to Chevron's Request for Aphrodite Gas Field Development Extension
Cyprus has responded to a request from international energy companies led by Chevron for an extension in talks over a modified development plan for its Aphrodite offshore gas field, its energy minister said on Monday.
Plains All American Raises Profit View on Higher Pipeline Volumes, Deals
Plains All American Pipeline on Friday raised its full-year profit forecast after posting better-than-expected third-quarter earnings, as the pipelines and storage company moved higher volumes of crude and natural gas liquids.
Pipeline Operator Enbridge Beats Profit Targets on Higher Transport Volumes
Pipeline operator Enbridge on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids.
Private Equity Rushes to Gulf as Fundraising Dries Up
A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding for buyouts has dried up elsewhere.
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Australian Court Blocks Santos' $3.6 Billion Subsea Gas Pipeline Project
Santos said on Thursday an Australian court has granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.
Cheaper Canadian Oil and Gas Valuations Lure Potential US Buyers North
U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access, according to dealmakers and analysts.
Cadiz Signs Agreement with El Paso Natural Gas for Long-Term Power Supply
(P&GJ) — Cadiz Inc. has entered into a long-term contract with El Paso Natural Gas Company LLC (EPNG) to install a tap on their natural gas pipeline, which runs through the Cadiz Ranch property in the California eastern Mojave Desert.
Entergy Agrees to Sell Gas Distribution Business for $484 Million
(P&GJ) — Entergy has agreed to sell its gas distribution business to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm based in Baton Rouge, for approximately $484 million in cash.
Russia's Weaker Hand Undermines Case for Power of Siberia 2 Gas Pipeline to China
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Untangling Environmental Rules Can Lead to Permitting Success
(P&GJ) — Oil and gas pipelines are considered critical infrastructure, and the process of routing, permitting, designing and building them often elicits significant public pushback associated with perceived environmental concerns.
Chesapeake Energy's Production Falls 15% and Profit Declines Amid Slumping Gas Prices
Chesapeake's Q3 production dropped by 15%, resulting in a profit of $70 million compared to $883 million in 2022. This decline was due to its exit from the Eagle Ford basin as part of a shift towards exclusive natural gas production, driven by activist investment firm Kimmeridge Energy Management.
Santos to Fight Lawsuit by Indigenous Group to Halt Barossa Pipeline Work
Australia's Santos said on Tuesday it would defend against the legal proceedings brought by the Environmental Defenders Office (EDO) to halt the commencement of pipeline work at its Barossa gas project off northern Australia.
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
