Natural Gas
Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field
Shell and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (Tcf) Dragon gas field and export its production to the Caribbean nation.
Harbour Energy Strikes $11.2 Billion Deal for Wintershall Dea Assets
Britain's Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with BASF and LetterOne that creates one of the world's largest independent producers.
Balticconnector Still on Course for April Repair, Gasgrid Says
Finnish gas grid operator Gasgrid on Thursday said commissioning of the Balticconnector gas pipeline between Finland and Estonia was still technically possible in April of 2024, provided that ongoing design and repair work was successful.
FERC Approves MVP’s Southgate Gas Pipeline Extension in North Carolina, Alongside Rate Hike
(P&GJ) — The Mountain Valley Pipeline (MVP) has received two federal approvals from the Federal Energy Regulatory Commission (FERC): one for increased rates on the transportation of natural gas through the 303-mile pipeline and the other for additional time for the construction of a North Carolina extension known as the Southgate Project.
Study: Texas Grid Over Relies on Natural Gas to Restore Power After Blackouts
The Texas electric grid is too dependent on natural gas-fired backup power generators after blackouts, U.S. regulators found on Tuesday in a study that also called for gas suppliers and electric utilities to sync their plans to recover from outages.
DNV and NGT Collaborate on Pioneering Hydrogen Pipeline Research for UK's Gas Network
DNV has announced that it is the lead partner for National Gas Transmission (NGT) in further expanding a world first hydrogen pipeline research facility FutureGrid. DNV will support NGT in developing a hydrogen de-blending, purification, and re-fueling facility at the site.
Mubadala Energy Makes Major Gas Discovery in Indonesia’s South Andaman
United Arab Emirates' Mubadala Energy said it discovered a major deep sea gas reserve in Indonesia's South Andaman Block, which analysts said is the world's second-largest deepwater discovery this year.
Mexico Shows Elevated Methane Emissions from Gas Pipeline, Scientists Report
Mexico emitted "extreme" amounts of methane from a natural gas pipeline running through its northern border state, Durango, in 2019, a research paper published on Tuesday showed, citing data collected from satellites.
Beijing Eyes Broader Energy Collaboration with Russia, Discusses Power of Siberia 2 Gas Pipeline
Beijing intends to expand energy cooperation with Russia along all stages of production, and Chinese Ambassador to Russia Zhang Hanhui said that both countries were in active discussions about Russia's planned Power of Siberia 2 gas pipeline.
Putin Directs Removal of Wintershall Dea, OMV Stakes in Russian Arctic Gas Projects
Russian President Vladimir Putin has ordered that Wintershall Dea and OMV be stripped of multibillion-dollar stakes in gas extraction projects in Russia's Arctic.
BP Short-Lists Three Internal Candidates for CEO
BP's board has short-listed interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive, three company and industry sources told Reuters.
FERC Approves $1.2 Billion PJM Settlement for Outages During 2022 Storm
The Federal Energy Regulatory Commission (FERC) on Tuesday approved a $1.2 billion settlement between PJM Interconnection and more than 80 parties that resolved complaints stemming from a massive outage during a 2022 winter storm.
Natural Gas’ Sleeping Giant Explores Its Possibilities
(P&GJ) — Africa is a land full of promise, blessed with abundant resources and huge untapped potential in human capital. And when it comes to natural gas, the country’s gas reserves in 2021 were estimated at 625.6 Tcf, which is nearly equivalent to that of the United States.
Looking Back at the Biggest Pipeline Stories of 2023
(P&GJ) – In this final issue of P&GJ for 2023, the staff – with more than a little help from our readers – takes a look back at the sometimes chaotic year in midstream that was 2023.
Equinor, Germany's Sefe Strike $55 Billion Gas Supply Deal
German energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor on Tuesday, covering one-third of the industrial gas needs of Europe's largest economy.
Santos Advances Barossa Gas Project with Drilling Nod, Pipeline Fate Entangled in Legal Dispute
Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.
Tokyo Gas to Acquire Gas Producer Rockcliff Energy for $2.7 Billion
With the acquisition, Tokyo Gas' natural gas production will quadruple to 1.3 Bcf/d from about 330 MMcf/d, making it one of the largest shale gas producers in Texas and Louisiana, according to Tokyo Gas.
Elon Musk Calls for Balanced Perspective on Oil and Gas, Urges Caution in Criticism
It is important to reduce carbon emissions to preserve the planet. Still, oil and natural gas should not be demonized in the medium term, Elon Musk, the founder of electric car maker Tesla, said on Saturday.
Creating Efficiencies with Turn-Key Integrity Solutions
(P&GJ) — As countries around the globe work to reduce emissions, the transition from coal to natural gas is an important step that many pipeline operators are pursuing, as part of their strategy to meet emission targets and move to lower carbon energy sources.
U.S. Allocates Up to $890 Million for Carbon Capture Projects at Gas Facilities in Texas, California
Natural gas and coal plants in Texas, California and North Dakota will share up to $890 million in U.S. funding for projects to demonstrate the viability of carbon capture technologies, the U.S. Energy Department said on Thursday.
Shell's Gas Project License Talks with Venezuela Hinge on Dispute Over Future LNG Prices
A disagreement between Shell and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field, two people close to the negotiations said.
Equinor Buys Shell's Stake in the Linnorm Gas Discovery
Norway's Equinor said on Thursday it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.
Canadian Natural Resources Projects Uptick in Production in 2024
Canadian Natural Resources said on Thursday it expects production to increase in 2024, as the energy producer bets on demand amid tight supplies.
Pembina Pipeline Acquires Enbridge's Interests in Alliance Pipeline, Aux Sable for $3.1 Billion
(P&GJ) — Enbridge Inc. has entered into a definitive agreement to sell its 50% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corp. for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion.
Kinder Morgan Increases Permian Highway Pipeline Capacity by 550 MMcf/d
(P&GJ) — Pipeline operator Kinder Morgan has successfully augmented the capacity of its Permian Highway natural gas pipeline by an additional 550 million cubic feet per day (MMcf/d), CEO Kimberly Dang announced during an investor call Dec. 7.
Exolum to Acquire 50% Stake in Houston Ammonia, NGL Storage Terminal from Moda Midstream
Exolum has agreed to acquire a 50% interest in Vopak Moda Houston LLC, an ammonia storage, import and export terminal located on the Houston Ship Channel, from Moda Midstream LLC.
Gas Producer EQT Explores $3 Billion Sale of Marcellus Shale Well Stakes
The stakes EQT is planning to sell are in assets spread across Northeast Pennsylvania with current production of around 700 million cubic feet per day, the sources said.
Former BP CEO Looney Loses $40 Million in Compensation Amid Board Misconduct Claims
BP cut over $40 million in remuneration from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships with colleagues.
Howard Energy Partners Completes $800 Million in 2023 Growth Projects, Achieves Record Volumes
(P&GJ) — Howard Energy Partners completed $800 million in 2023 growth projects, including new pipelines and facilities in key U.S. oil and gas basins, along with storage and logistics for renewable diesel on the Texas Gulf Coast.
BP's Olympic Pipeline Leaks Over 25,000 Gallons of Gas in Washington State
(P&GJ) — Emergency teams worked to address a gasoline spill in northwest Washington State on Dec. 12 after a pipeline segment failed over the weekend that released approximately 25,660 gallons (97,100 liters) of gasoline due to a small tube malfunction.
- 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
