Natural Gas
U.S. Supreme Court Rejects Exxon's Bid to Move Minnesota Climate Lawsuit to Federal Court
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal court, the energy industry's favored venue.
Southwestern, Chesapeake Energy Near $17 Billion Merger, Poised to Form U.S. Natural Gas Powerhouse
U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company. The deal could come together as soon as next week, provided the talks do not fall apart.
U.S. Natural Gas Producers Navigate Production Cuts and Demand Rebound in 2024
The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it seeks to find an equilibrium, EQT's financial head Jeremy Knop said.
TotalEnergies Appoints Expert to Evaluate Land Acquisition for Uganda, Tanzania Pipeline Projects
CEO Patrick Pouyanné has tasked Lionel Zinsou, a recognized expert in African economic development, with evaluating the land acquisition program conducted in Uganda and Tanzania as part of the Tilenga and EACOP (East African Crude Oil Pipeline) projects.
U.S. DOT Invests Nearly $15 Million to Improve Pipeline Safety
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) is awarding $14.8 million in grants to fund projects and activities to improve pipeline safety.
EOG President: U.S. Oil and Gas Production Growth to Slow in 2024
U.S. oil and gas production will not continue to grow this year at the pace that it did in 2023, U.S. shale producer EOG Resources President Lloyd Helms said on Thursday.
APA to Acquire Rival Callon Petroleum in $4.5 Billion Deal
U.S. oil producer APA said on Thursday it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 billion including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.
FERC Grants New England's Request to Postpone 2025 Power Auction Amid Natural Gas Evaluation Delay
The Federal Energy Regulatory Commission (FERC) has granted a request by New England's grid operator and a regional utilities association to postpone their 2025 forward capacity auction by a year.
Bunge Halts Operations at Indiana Soy Plant Due to Damaged Gas Pipeline
A soybean processing facility in Decatur, Indiana, operated by global grain handler Bunge stopped operations last week following damage to a natural gas pipeline that feeds the site, the company said in a statement to Reuters on Wednesday.
Gazprom Sets Daily Gas Supply Record to China via Power of Siberia Pipeline
Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.
Diversified Energy Completes $200 Million Sale of Appalachia Natural Gas Assets
(P&GJ) — Diversified Energy Company Plc announced that it closed on a strategic transaction that has unlocked additional value from its existing asset base. In a nutshell, the company sold producing assets in Appalachia to a Special Purpose Vehicle (SPV) named DP Lion Equity Holdco LLC.
E.ON CEO Stresses Germany's Gas Security Amid Middle East Risks
Germany's gas supply situation is far better than it was after Russia cut off supply last winter but instability in the Middle East could still send energy prices soaring, the head of energy firm E.ON said.
Russian Pipeline Gas Exports to Europe Down 56% in 2023
Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic meters (Bcm) in 2023, Reuters calculations showed on Tuesday.
Global News January 2024
Latest industry developments from around the world!
Editor’s Notebook: In Canada, A Tale of Two Pipelines
Well, well, well. It looks as if Canada is likely to be in the market for some new pipelines if word that the nation’s oil and gas producers plan to drill 8% more wells in 2024 comes to pass.
RNG Outlook Offers Mixed Message for Midstream
(P&GJ) – In mid-2023, the international management consulting firm Boston Consulting Group (BCG) issued an assessment of renewable natural gas (RNG) that offered a mixed message.
Canadian Regulators Reject FortisBC's Okanagan Gas Pipeline Expansion Plan
(P&GJ) — The British Columbia Utilities Commission (BCUC) has denied FortisBC Energy Inc.’s application for its Okanagan Capacity Upgrade project, which includes the construction, installation, and operation of approximately 30 km (19 miles) of new natural gas pipeline.
Kinder Morgan Successfully Acquires NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
Kinder Morgan Inc. has successfully closed on its $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets, which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.
Projects December 2023
Western Midstream Partners closed its previously announced acquisition of Meritage Midstream Services II. The sale was funded with cash on hand and WES’s recent $600 million investment grade senior notes issuance.
Engie Brasil Sells 15% Stake in Gas Pipeline Firm TAG to Canada's CDPQ for $641 Million
Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for $641 million.
Chatterjee Fund Management Boosts Stake in LNG Developer Tellurian to 7.3%
Chatterjee Fund Management has increased its stake in U.S. liquefied natural gas (LNG) developer Tellurian Inc. to 7.3%, a filing with the Securities and Exchange Commission showed on Wednesday, up from 5.2% previously.
Oxygen Corrosion Control for Multiphase, Gas Phase Pipelines
(P&GJ) — The oil and gas industry is committed to driving greater production and transportation from existing infrastructure, and ensuring effective asset integrity and flow assurance is essential to this objective.
Williams to Acquire 230 Miles of Gas Pipeline, 115 Bcf Storage for $1.95 Billion
Pipeline operator Williams said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion to cater to rising demand from liquefied natural gas projects.
Big Oil Enters 2024 Strengthened by U.S. Industry Consolidation
The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation.
Trinidad: First Output from Venezuela's Dragon Gas Field Expected in 2 Years
A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday.
Equinor Unloads Azerbaijan Assets, Including BTC Pipeline
Norway's Equinor said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energy firm SOCAR, including interests in the ACG oilfield and the BTC pipeline for an undisclosed price.
Energy Transfer Faces Allegations of Anti-Competitive Practices in Louisiana Pipeline Dispute
(P&GJ) — The dispute centers around Energy Transfer's denial of three projects seeking to cross its pipelines, leading to a legal battle impacting over $2 billion in energy infrastructure.
Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency
Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.
Canada Regulator Denies Trans Mountain Variance Due to Pipeline Integrity, Environmental Concerns
The Canada Energy Regulator said on Wednesday it denied a variance request from the Trans Mountain expansion project because the application did not adequately address concerns about pipeline integrity and environmental protection impacts.
ADNOC Signs 15-Year LNG Supply Deal with Unit of China's ENN
Abu Dhabi's state oil giant ADNOC said on Wednesday it signed a 15-year agreement to deliver at least 1 million metric tons a year of LNG to a subsidiary of China's ENN Natural Gas.
- 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
