Natural Gas
Elliott Takes $1 Billion Stake in U.S. Pipeline Operator Phillips 66, Urges Board Revamp
Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance.
Occidental in Talks to Buy Permian Producer CrownRock
Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.
Kyiv Proposes Reversing Trans-Balkan Gas Pipeline Flows Through Ukraine
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Centrica Pumps Gas from Rough Storage into U.K. Grid as Demand Rises
British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.
Riposte Capital Pushes for Board Overhaul at Energy Producer SilverBow
One of SilverBow Resources Inc.'s largest investors is pushing the U.S. oil and gas producer to revamp its board to address governance concerns and boost its lagging performance, according to a letter reviewed by Reuters on Thursday.
Cambodia Scraps Coal Power Project to Build Gas-Fired Plant, Import LNG
Cambodia has abandoned plans to build a $1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.
Cambodia Ditches Coal Project in Favor of LNG-Fueled Power Plant
As part of the project, Cambodia is exploring construction of a liquefied natural gas (LNG) terminal to import the super-chilled fuel and re-gasify it for use in the power plant, Energy Minister Keo Rottanak told Reuters.
ABB, Luna Innovations Collaborate on World’s Largest Fiber Optic-Based Gas Pipeline Monitoring System
Luna Innovations and automation contractor ABB collaborated with the system operator to provide leak detection, pipeline security and facility security across the 1,811 km route in a project spanning six years.
Canadian Pipeline Operator Enbridge Bets on Higher 2024 Demand With Increased Earnings Forecast
The upbeat forecast from Enbridge, which operates the Mainline oil pipeline system that ships the bulk of Canada's crude exports to the U.S., follows peer TC Energy estimating higher adjusted core earnings for 2024 on Tuesday.
Ukraine Suggests Reversing Trans-Balkan Gas Pipeline Flows to Meet Demand
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
EU Keeps Eastern Mediterranean Gas Pipeline on New List of Priorities
The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.
Sierra Madre Natural Gas Pipeline Project Reaches Milestone with EPC Contract Award
The 500-mile Sierra Madre pipeline will be the primary natural gas supply path to transport up to 2.8 Bcf/d from the U.S. border to the first phase of Mexico Pacific's 15 million tonne per annum Saguaro Energia LNG export facility in Puerto Libertad, Sonora, Mexico.
Canadian Oil, Gas Producers Plan to Drill 8% More Wells in 2024, Riding Pipeline Expansion Wave
Canadian oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines, with the Trans Mountain oil pipeline expansion due to open, an industry group said in an annual forecast on Friday.
BASF Shares Rise on Report of ADNOC Exploring Wintershall Dea Deal
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co. (ADNOC) is exploring an acquisition of the German group's energy business Wintershall Dea.
INGAA Releases Key Initiatives Product to Boost Safety with Voluntary Efforts
(P&GJ) — The Interstate Natural Gas Association of America (INGAA) and its member companies have released their “Integrity Management – Continuous Improvement (IMCI) 2.0” program work products. The IMCI program is a series of voluntary initiatives to bolster the industry’s safety efforts.
Santos Forecasts Lower 2024 Output as Bayu-Undan Gas Field Nears End of Life
Australia's Santos forecast a fall in 2024 output on Wednesday, as its Bayu-Undan gas field's life comes to an end and production from the West Australian offshore field declines.
Eni to Invest $10 Billion in Ivory Coast's Baleine Field for Oil and Gas Development
The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.
CEZ Books 2 Bcm Capacity at German LNG Terminal
Czech majority state-owned utility CEZ has agreed to book 2 billion cubic meters (Bcm) of annual capacity at the Stade LNG terminal in Germany from 2027, Prime Minister Petr Fiala said on Thursday.
Balticconnector Gas Pipeline to Expand Transmission Capacity Post-Repair
The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.
Ecopetrol Considers Gas Imports from Venezuela's PDVSA for December 2024
Colombia's majority state-owned oil company Ecopetrol is exploring an offer from Venezuela's PDVSA to supply the Andean country with gas from December 2024, it said on Tuesday.
Nigeria, Germany Sign Gas Export Agreement
A gas export partnership deal was reached between Riverside LNG of Nigeria and Germany's Johannes Schuetze Energy Import AG. Under the agreement, Nigeria will annually supply 850,000 tons of natural gas to Germany, with expectations for this to rise to 1.2 million. The initial deliveries are scheduled for 2026.
Turkey Extends LNG Deal with Algeria for Three Years
Turkish state energy company Botas has signed a deal with Algerian state oil and gas company Sonatrach to extend their existing gas supply contract for three years, Turkey's energy minister said on Tuesday.
Capital Power Acquires Two Natural Gas-Fired Power Plants in US for $1.1 Billion
Canadian energy company Capital Power said on Monday it was acquiring two U.S.-based natural gas-fired generation facilities in California and Arizona for a net cost of $1.1 billion.
TC Energy Receives FERC Approval for Virginia Reliability Project
Columbia Gas Transmission’s Virginia Reliability Project (VRP) is an expansion project that would replace two existing segments of the pipeline system to continue reliable and abundant natural gas supply.
Venezuela Close to Approving Offshore Gas License with Trinidad, Shell
Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said.
ConocoPhillips' $8 Billion Willow Project Approvals Upheld by US Judge
A federal judge in Alaska upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic on Nov. 9, rejecting environmental and indigenous groups' concerns that the project poses too large of a climate threat.
Japan's Okinawa Electric Plans to Trial Using Hydrogen at Gas-Fired Power Plant
Japan's Okinawa Electric Power plans to start co-firing hydrogen on a trial basis at a commercial gas-fired power plant from March in a bid to reduce carbon dioxide (CO2) emissions, its president said on Friday.
Illinois Regulators Slash Gas Utility Rate Hikes and Halt Controversial Pipe-Replacement Program
(P&GJ) — In a sweeping rebuff of four different utilities, Illinois regulators have sharply curtailed record rate hikes proposed for more than 4 million gas customers across the state, while also blocking most spending on a controversial pipe-replacement program that has fueled a heating affordability crisis for consumers in recent years.
EU Sues Poland Over Restrictions in Cross-Border Trade of Natural Gas
The European Commission on Thursday said it is suing Poland over measures imposing additional costs in cross-border trade of natural gas.
Russian Pipeline Gas Exports to Europe Drop 6.7% in November
Average daily natural gas supplies to Europe by Russian energy giant Gazprom were down 6.7% in the first half of November from their October levels, Reuters calculations show.
- 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
