Natural Gas
China's CNOOC Targets Record Oil, Gas Output in 2023
China's CNOOC Ltd. has raised its 2023 production target by around 8% to a record 650 million to 660 million barrels of oil equivalent, it said on Wednesday.
US Natural Gas Price Volatility Hit Record Highs in 2022
U.S. natural gas futures price volatility, both implied and historic, hit record highs in 2022 as global prices spiked due to supply disruptions and sanctions linked to Russia's war in Ukraine, feeding demand for U.S. exports.
Rosneft Wants to Supply Gas to Power-of-Siberia 2 Pipeline
Russia's Gazprom is aiming to start delivering gas via the 2,600-km Power-of-Siberia 2 pipeline by 2030. The pipeline could carry 50 billion cubic meters of natural gas per year.
Global Pipeline Construction Outlook 2023
(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.
Proved US Reserves of Natural Gas Reach New Record
In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels.
Sources: Tokyo Gas Nears $4.6 Billion Deal to Buy US Natural Gas Producer Rockcliff
Rockcliff produces more than 1 Bcf/d of natural gas from the Haynesville shale formation, which stretches across Louisiana and East Texas. Quantum originally backed the Rockcliff management team with a $350 million investment in 2015.
Russian Pipeline Gas Exports to Europe Fall to Post-Soviet Low
Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due the invasion of Ukraine and the Nord Stream pipeline was damaged by mysterious blasts
Analysis: Argentina’s Vaca Muerta Shale Boom Running Out of Road
Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth.
Transitus, Proteum to Produce Hydrogen in Europe Using Natural Gas from North Sea
(P&GJ) — Proteum Energy and Transitus Energy have entered into an agreement to explore joint development opportunities in the U.K., Netherlands, Republic of Ireland and Norway to produce low-carbon hydrogen by reforming natural gas resources from the North Sea.
Looking Back at the Top 10 Midstream Stories of 2022
(P&GJ) — In this year-ending issue of P&GJ, the staff, along with a little help from its readers, has taken a look back at the frequently volatile year that was 2022. As was the case during the previous 12 months, the year brought its share of anxiety as we in the energy industry – midstream in particular – worked to adjust to the global demand for natural gas, following Russia’s invasion of Ukraine.
US, Canada Natural Gas Output Could Feel Growing Pains In 2023
U.S. and Canadian natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new LNG export plants.
Putin Oversees Launch of Siberian Gas Field Feeding Pipeline to China
The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic meters, it is the largest in eastern Russia.
Sempra Receives US Approval to Re-export LNG from Mexico
The U.S. Energy Department on Tuesday approved permits for Sempra Energy to send U.S. natural gas to Mexico for re-export from LNG terminals, filings on its website showed. This will allow Sempra to ship natural gas via pipeline to Mexico where it will be converted to LNG and sent to global markets.
Using Regulation to Develop Natural Gas Systems
(P&GJ) — Engineering design serves as a fundamental pillar of the lifecycle of an engineering project. The fundamentals of engineering design use industry standards combined with federal, state and municipal codes to produce a construction-ready engineering package.
US Energy Regulator Approves Energy Transfer's 135-Mile Louisiana Gas Pipeline
Pipeline operator Energy Transfer on Thursday received approval to start operations on a natural gas pipeline that will deliver fuel to the U.S. Gulf Coast at a time of supercharged demand overseas.
Putin Plans to Increase Gas Sales to China
President Vladimir Putin said on Thursday that Russia would increase gas supplies to "the East", particularly China, and set prices for sales to Europe using an electronic platform.
EU Delays Decision on Natural Gas Price Cap, Countries Still At Odds
European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of infighting over whether the measure can ease Europe's energy crisis.
IEA: EU Could Face 27 Bcm Gas Shortage Next Year
If Russia was to cut the small share of gas it still delivers to Europe, and Chinese gas demand rebounded from COVID-19 lockdown-induced lows, the EU could face a gas shortfall of 27 billion cubic meters (Bcm) in 2023, the IEA said. Total EU gas consumption was 412 Bcm in 2021.
Argentina Bags $689 Million from Brazilian Bank for Vaca Muerta Pipeline Project
Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday.
Gas Producers Seek Urgent Talks with Australian Prime Minister
Australia's gas industry lobby group on Sunday called for urgent talks with Prime Minister Anthony Albanese after learning that the government's plan to cap gas prices for one year, announced on Friday, includes long-term measures to limit profit margins.
Russia’s NG Pipeline Exports to Europe Near 40-Year Lows
(P&GJ) — Russia’s natural gas exports by pipeline to the European Union and the United Kingdom declined by almost 40% during the first seven months of 2022 compared with the same period in 2021, and by almost 50% compared with the previous five-year (2017–21) average, according to data from Refinitiv Eikon.
Waha Hub Natural Gas Still Falling Below Henry Hub Price
(P&GJ) — Since late 2021, the difference has been widening between the natural gas price at the Waha Hub in West Texas and the U.S. benchmark Henry Hub in Louisiana.
Natural Gas Producer Cenovus Forecasts 21% Increase in 2023 Capital Spending
Canada's Cenovus Energy on Tuesday forecast higher capital expenditure and production in 2023 and said its natural gas business could grow by as much as 25% in coming years due to higher prices.
Trafigura Enters $3 Billion Loan to Supply Germany's Sefe with Gas
Commodities trading firm Trafigura on Monday said it has entered into a $3 billion four-year loan to supply gas to German gas trader Sefe, formerly known as Gazprom Germania, and help Europe's largest economy secure volumes long-term.
Moldovagaz to Buy Gas from Energocom, Russia’s Gazprom
Moldova's natural gas company Moldovagaz will start buying gas from domestic supplier Energocom while continuing to buy it from Russia's Gazprom, the head of Moldovagaz said late on Saturday.
Outrigger Energy Sells Nearly 200 Miles of Natural Gas, Crude Pipeline to Summit Midstream
(P&GJ) — Outrigger Energy II LLC has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners LP, which includes approximately 160 miles of low and high pressure natural gas gathering pipeline and 30 miles of crude oil gathering pipelines with delivery to the Pony Express Pipeline.
Canada's TC Energy Gets Approval to Expand NGTL Gas Pipeline System
The West Path Delivery 2023 (WP2023) project will add about 40 km (25 miles) of new natural gas pipeline to the existing 25,000-km (15,534 miles) NGTL system, which ships gas across Canada and to U.S. markets.
Greece Expected to Nearly Quadruple Gas Export Capacity by 2025
Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighboring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the CEO of the country's gas grid operator DESFA said on Wednesday.
API Publishes Two Updated Standards for Underground Natural Gas Storage
(P&GJ) — The American Petroleum Institute released two second-edition standards on Nov. 29 for natural gas storage in underground salt caverns and depleted hydrocarbon and aquifer reservoirs to help ensure a safe and reliable energy supply.
Exxon to Exit Africa in Crude Phaseout, Eyeing Low-Carbon Natural Gas Options
Exxon's departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural gas development on the continent, and to more lucrative projects in the Americas.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
