Natural Gas
FTC Bars Hess CEO from Chevron Board Seat in $53 Billion Deal, Sources Say
U.S. antitrust regulators will block Hess CEO John Hess from joining Chevron's board as a condition for approving Chevron's $53 billion acquisition of Hess, according to sources. This mirrors restrictions in other recent oil industry megamergers.
Petrobras to Reopen Offshore Well, Pumping Natural Gas for Brazil
Brazilian oil giant Petrobras is set to reopen a well in the Roncador field, aiming to boost natural gas production by 1.7 million cubic meters per day, supporting the country's energy needs.
China to Launch Guangdong LNG Terminal, Exxon Secures 20-Year Access
China's Guangdong Energy Group is set to begin commercial operations of its new $1 billion LNG terminal, with ExxonMobil securing 20 years of access to handle 1.8 million tons annually. The terminal will support ExxonMobil's chemical complex in Huizhou, starting operations in 2025.
Validus Energy to Acquire Tulsa-Based Citizen Energy in $2 Billion Deal, Sources Say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter.
EQT Plans to Reverse Some U.S. Natural Gas Production Curtailments in October, CEO Says
"Production curtailments will be a normal part of our strategy when prices are low," CEO Toby Rice said, noting the company has already curtailed about 1 billion cubic feet per day (Bcf/d) of production in the spring.
Woodland Biofuels to Invest $1.35 Billion in Louisiana for RNG, Hydrogen Plant
Canadian renewable fuel company Woodland Biofuels announced on Tuesday an investment of $1.35 billion at the Port of South Louisiana to establish a renewable natural gas (RNG) plant and ultra-green hydrogen facility.
TotalEnergies Signs LNG Supply Deal with South Korea's Hyundai Chemical
The gas, which will supply one of Hyundai Chemical's industrial sites in South Korea, will be partly indexed to Brent crude prices and partly to Henry Hub, the U.S. natural gas benchmark price.
Tanker Departs Venture Global’s Louisiana Plaquemines LNG Export Plant as Facility Nears Production
The tanker docked for the past month at U.S. liquefied natural gas (LNG) company Venture Global LNG's Plaquemines export plant under construction in Louisiana had left by Tuesday morning, according to data provider LSEG.
Canadian Natural Gas Prices Hit Two-Year Low as Alberta Storage Nears Full Capacity
Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North America.
Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
KBR has announced that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.
Excelerate Energy Enhances FSRU Efficiency with Wärtsilä Reliquefaction Retrofit
Excelerate Energy Inc. has entered into an agreement with Wärtsilä Gas Solutions to purchase a reliquefaction system for retrofit installation onboard one of Excelerate’s floating storage regasification units (FSRUs).
Eskom, Sasol Team Up to Explore LNG as South Africa Seeks Cleaner Energy
South African petrochemicals company Sasol and state power utility Eskom said on Friday they had agreed to jointly explore ways the country could use liquefied natural gas (LNG).
Trafigura to Appoint Richard Holtum as New CEO Next Week - FT
Commodity trader Trafigura plans to name Richard Holtum as its new chief executive as soon as next week, the Financial Times reported on Friday, citing people briefed about the matter.
Colombia Risks Blackouts Without Swift Natural Gas Strategy, Experts Warn
Colombia must decide soon whether to focus on imports of liquefied natural gas (LNG) or encourage domestic output of natural gas if it wants to avoid power blackouts, according to Wood Mackenzie.
Criminal Probe Underway After Car Strikes Energy Transfer Pipeline in Houston, Body Found
Human remains were found in a burned-out car that struck an Energy Transfer natural gas liquids pipeline earlier this week in Houston, sparking a criminal investigation, local media reported on Thursday citing officials.
Pertamina's Shipping Unit Plans to Double Tanker Fleet, Expand LNG Capacity Over 10 Years
The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.
ConocoPhillips, Uniper Ink 10-Year Natural Gas Supply Deal
German energy company Uniper and U.S. oil and gas producer ConocoPhillips said they have agreed a supply deal for up to 10 billion cubic meters of natural gas over the next 10 years.
Glencore Signs 20-Year LNG Supply Deal with Commonwealth LNG, Kimmeridge
Commodities giant Glencore has signed a non-binding agreement to buy 2 million tonnes per annum of liquefied natural gas from Commonwealth LNG along with equivalent natural gas supply from Kimmeridge Texas Gas.
TotalEnergies Extends CNOOC LNG Deal by Five Years
France's TotalEnergies said on Thursday it has extended an agreement with China's CNOOC by five years that will see it deliver 1.25 million tons of LNG per year until 2034.
EQT CEO Predicts U.S. Natural Gas Prices to Stay Below $3/MMBtu Amid LNG Demand Growth
The CEO of U.S. natural gas producer EQT Corp. on Wednesday said U.S. prices for the fuel will remain below $3 per million British thermal units in the short term.
Argentina's Reversion del Norte Pipeline Project Nears Completion After Successfully Crossing River
Argentina's 93-mile Reversion del Norte pipeline has overcome significant delays, reaching a key milestone by crossing the Tercero River. The project, crucial for gas supply to northern Argentina and exports to Bolivia and Brazil, is now on track for completion in late 2024.
Bayou Midstream II Secures Equity Backing from EIV Capital to Expand U.S. Infrastructure
Bayou Midstream II has announced an equity commitment from EIV Capital, LLC following their successful partnership for Bayou Midstream LLC (Bayou I).
Energy Leaders Believe VP Harris Won’t Ban Fracing, Citing Gas Price Risks
U.S. Vice President Kamala Harris understands natural gas prices will rise if fracing is banned, industry executives said, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president.
Energy Transfer Pipeline Fire Continues to Burn in La Porte, Texas
Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, was still burning on Tuesday and a state regulator said it would probably keep burning into the afternoon.
Apollo Strikes $1 Billion Deal to Fund BP's Stake in Trans Adriatic Pipeline
Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline.
ConocoPhillips CEO Calls for U.S. to End 'Crazy' LNG Permit Pause
ConocoPhillips CEO Ryan Lance on Tuesday called on the U.S. government to end "this crazy LNG (permit) pause" and allow the country to lead the liquefied natural gas industry.
Chevron CEO Criticizes Biden’s Gas Policies, Says AI Depends on Permian Gas
Chevron CEO Michael Wirth criticized the Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
Woodside Energy Eyes Partners for Driftwood LNG, CEO Says
Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O'Neill said on Monday.
Energy Transfer Pipeline Erupts Into Fire in La Porte, Texas
A pipeline explosion near Houston spread from Deer Park to La Porte, igniting grass fires and prompting widespread evacuations. Multiple agencies, including the Deer Park and La Porte fire departments, responded to the scene.
Wood to Design DeLa Express Gas Pipeline Linking Texas to Louisiana
The 690-mile pipeline project being developed by DeLa Express LLC is proposed to deliver liquids-rich natural gas from the Permian Basin of West Texas to the U.S. Gulf Coast and international export markets.
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
- Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
