Natural Gas
Pipeline-Bound RNG Production Facility Construction Kicks Off in New Jersey
(P&GJ) — South Jersey Industries, OPAL Fuels Inc., and Atlantic County Utilities Authority have announced that construction has commenced on a new RNG production facility (Atlantic RNG) located at ACUA’s solid waste landfill in Egg Harbor Township, New Jersey.
Mountain Valley Pipeline Completion Pushed to First-Quarter 2024, Costs Rise to $7.2 Billion
(P&GJ) — Mountain Valley Pipeline LLC has redefined its timeline for completing the Mountain Valley Pipeline (MVP) project, now aiming for a startup in the first quarter of 2024, the company announced in a regulatory filing with the Securities and Exchange Commission on Oct. 18.
Williams’ DJ Basin Move May Signal New Investments
(P&GJ) — Early in 2023, Tulsa-based energy infrastructure giant Williams wasted no time in announcing that it had acquired MountainWest Pipelines Holding Company from Southwest Gas Holdings, in a transaction that included $1.07 billion in cash and $430 million in assumed debt, for an enterprise value of $1.5 billion.
Opinion: Chevron’s $53 Billion Deal Is a Risky Imitation of Exxon's Strategy
Chevron has decided, like Exxon Mobil, that it’s better to discover oil on the New York Stock Exchange than drilling in the ground. The $318 billion oil giant said Monday it would buy New York-based Hess for $53 billion in an all-stock deal.
Chevron to Buy Hess for $53 Billion in All-Stock Deal
Chevron agreed to buy U.S. rival Hess Corp. for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
Africa Leads the Way in Rapid Expansion of Floating Gas Facilities Amid Rising European Demand
Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible, analysts and energy companies told Reuters.
Russia’s Gazprom Working on Infrastructure Design for Far Eastern Gas Pipeline to China
Russian energy giant Gazprom said on Thursday that it was working on the design of infrastructure for a gas pipeline from the Sakhalin region in Russia's Far East to China.
Editor’s Notebook: ‘Peace Pipeline’ Project Appears Dead
At least for a while over the last couple of decades, the Iran-Pakistan (IP) gas pipeline was perceived by some as something that would bring at least a measure of harmony to Pakistan’s relationship with Iran. However, once again, the project has been shelved – this time apparently under U.S. pressure.
U.S. Gulf Coast Oil Patch Gets Lucky, So Far, in Busy Hurricane Season
A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.
FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
(P&GJ) — Despite strong opposition from environmental activists and high-ranking officials in West Coast states, federal regulators have granted approval for the 1,377-mile (2,216-kilometer) pipeline spanning across Idaho, Washington, and Oregon.
Technip Energies Shares Plunge After Le Monde Report on Russian Gas Project
Technip Energies shares plummeted on Thursday after French newspaper Le Monde said the oil and gas company may have failed to comply with European Union sanctions against Russia by continuing to supply equipment to a Russian gas project.
Kinder Morgan's Q3 Earnings Fall Short Due to Commodity Prices and Pipeline Expenses
Pipeline and terminal operator Kinder Morgan on Wednesday posted lower-than-expected profit for the third quarter as higher interest expenses offset strength in its natural gas and products pipeline segment.
Chesapeake Considers Acquisition of Rival Natural Gas Producer Southwestern Energy
U.S. natural gas producer Chesapeake Energy Corp. has approached Southwestern Energy, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said.
ADNOC Gas Signs LNG Supply Deal with Japan's JERA
Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a two-year LNG agreement valued between $500-700 million, the companies said on Wednesday.
New Gas Pipeline Stretching 808 Miles to Murmansk Confirmed by Novatek
(P&GJ) — Novatek, the Russian energy giant, has officially announced its project to construct an extensive 808-mile (1,300-km) gas pipeline reaching Murmansk, Russia. The pipeline project is expected to be able to transport 40 billion cubic meters of gas annually.
Marathon Oil Inks 5-Year LNG Deal for Alba Gas in Equatorial Guinea
(P&GJ) — Marathon Oil Corp. has entered into a five-year firm LNG sales agreement with Glencore Energy U.K. Ltd. for a portion of its equity natural gas produced from the Alba Field in Equatorial Guinea.
Petrobras, Excelerate Energy Extend 10-Year Charter for FSRU Sequoia in Brazil
(P&GJ) — Under the agreement, Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.
Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China
Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."
Brazil's Ocyan to Renovate Petrobras Gas Pipeline for $317.5 Million
Brazilian oil and gas services provider Ocyan has won a contract with state-run oil firm Petrobras to revitalize a network of gas pipelines in the offshore Campos Basin for $317.49 million, Reuters reported on Monday.
Investors Rapidly Shed Oil Positions, Embrace Natural Gas Amid Market Shifts
Portfolio investors have dumped positions in petroleum at some of the fastest rates in the last decade in the most recent week as the bullish sentiment that built up after OPEC⁺ production cuts evaporated.
Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets
(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.
Western Midstream Closes Meritage Acquisition, Adds 1,500 Miles of Gas Pipelines
(P&GJ) — In the $885 million deal, Western Midstream successfully acquired Meritage's 1,500 miles of high- and low-pressure natural gas gathering pipelines in Wyoming's Powder River Basin.
As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.
Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
The rupture occurred when an excavator operator accidentally damaged a 22-inch gas pipeline near Middleton. However, Williams contested the local authorities' account of the incident, asserting no ignition, fire, or explosion was connected to the occurrence.
U.S. Supports Finland, Estonia as It Probes Baltic Gas Pipeline Burst
U.S. Secretary of State Antony Blinken said on Thursday the United States would support Finland and Estonia as they probe damage to a gas pipeline and a telecommunications cable under the Baltic Sea.
QatarEnergy, TotalEnergies Sign 27-Year LNG Supply Agreement
Qatar on Wednesday secured its largest and longest European gas supply deal from Doha's massive production expansion project, providing France with up to 3.5 million metric tons of LNG a year for 27 years.
Nordics, Baltics Tighten Security at Energy Installations After Baltic Sea Pipe Burst
Norway and Lithuania tightened security at onshore energy installations following Sunday's gas pipeline gas leak in the Baltic Sea, while Finland recommended energy operators to be more aware of security.
Damaged Pipeline Triggers Gas Explosion, Leveling Home in Woodstock, Illinois
(P&GJ) — A gas explosion occurred in the northern suburbs of Woodstock on Monday, resulting in the leveling of a residence and damage to at least eight other structures. The explosion was triggered by a gas main being accidentally struck during work on a sewer line.
Orlen Takes Over Polish Segment of Yamal Gas Pipeline, Reducing Gazprom Stake
Orlen is taking over the Polish section of the Yamal gas pipeline, the state-controlled refiner said on Tuesday, meaning Russia's Gazprom will no longer have a stake.
Chevron Halts Gas Exports via EMG Pipeline from Israel to Egypt
Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, industry and government sources said on Tuesday.
- 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
