Natural Gas

TGS Proposes $500 Million Expansion of Vaca Muerta Gas Pipeline

Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline that connects to the country's massive Vaca Muerta shale oil and gas formation.

Russian Court Orders $102 Million Award of Commerzbank Assets to Pipeline Firm

A Russian court has ordered that Commerzbank assets worth $101.86 million be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.

Mega-Deals Reshaping How Midstream Business Is Done

Explore how mega-deals are reshaping the midstream oil and gas industry, providing growth and stability amid regulatory challenges and limited organic expansion opportunities.

Projects June 2024

FERC reapproves GTN pipeline expansion; DeLa Express seeks FERC approval; Williams cancels New Jersey pipeline project; Venice extension project gets approval; Biden administration requests Enbridge review; Black Bear's Ozark project operational.

Global News June 2024

Latest industry developments from around the world!

Germany's Wintershall Dea Makes Gas Condensate Discovery in North Sea

Germany's Wintershall Dea and its Norwegian partners Petoro and DNO have made a gas condensate discovery at the Cuvette prospect in the northern North Sea, the operator said in a statement on Wednesday.

TotalEnergies, NNPC to Invest $550 Million in Nigeria Gas Facility

The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorized to speak on the issue.

Indonesia to Begin Construction of 152-Mile Java Gas Pipeline in July

Indonesia plans to start in July construction of a 245-km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday.

Biden Administration Offers $200 Million in Grants to Fix Aging Gas Pipelines

(P&GJ) — The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration is now accepting applications for nearly $200 million in grants aimed at repairing and modernizing aging natural gas pipes.

Canada Oil and Gas Emissions Cap Likely to Cut Production, Report Says

Canada's proposed oil and gas emissions cap will prompt companies to cut production rather than invest in costly carbon capture and storage (CCS) technology, analysts say.

Berkshire Hathaway Increases Stake in Occidental Petroleum to Nearly 29%

Billionaire Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil producer's common stock to nearly 29%.

Energy Transfer Submits HSR Act Filing for WTG Acquisition; Adjusts Purchase Price to $3.1 Billion

WTG owns and operates the largest private Permian Basin gas gathering and processing business with assets located in the core of the Midland Basin.

Colonial Pipeline Owners Explore Stake Sales at $10 Billion Valuation: Sources

Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter.

Pipeline Customers Push for Lower Prices Amid Regulatory Challenges

Pipeline customers have stimulated a two-pronged political attack on interstate pipeline pricing directed at the Federal Energy Regulatory Commission (FERC) and Congress.

ONEOK Completes Acquisition of 450-Mile Texas-Louisiana NGL Pipeline System

ONEOK Inc. has completed its acquisition of a system of natural gas liquids pipelines from Easton Energy for approximately $280 million.

Sound Energy Sells Moroccan Gas Assets to Managem for $45.2 Million

Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.

Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project

Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex.

Allseas Completes 163-Mile Barossa Gas Export Pipeline in Timor Sea

Allseas has completed the 262-kilometer (163-mile) Barossa gas export pipeline in the southern Timor Sea.

Phillips 66 to Sell 25% Stake in Rockies Pipeline for $1.28 Billion to Tallgrass Energy Unit

Phillips 66 said it would sell its 25% stake in the 1,714-mile Rockies Express Pipeline (REX) for about $1.28 billion to Tallgrass Energy.

Chevron Australia Initiates Repair Work on Wheatstone Platform

Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.

Editor’s Notebook: Permian’s New Kid on the Block?

As the 580-mile Matterhorn Express prepares to go into service next quarter, a new long-haul gas pipeline is looking to step forward as the next major Gulf Coast midstream project.

BP's Archaea Energy and Republic Services Launch Indiana RNG Facility

Archaea Energy and Republic Services have started operations at their Indiana RNG facility, leveraging AMD technology to convert landfill gas into renewable natural gas (RNG).

Arizona Utility Regulators Overturn Committee Decision, Approve Black Mountain Gas Expansion Project

This ruling permits the construction of new gas power plants in Arizona without the explicit review of environmental impacts and customer costs.

FERC Approves Mountain Valley's $7.85 Billion Virginia Gas Pipeline, Operations Set to Begin Soon

Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC), according to a filing on Tuesday.

Uniper Wins $14 Billion Arbitration Ruling Against Gazprom, Terminates Dormant Gas Supply Contracts

German utility Uniper has won a multibillion-euro arbitration against former long-time supplier Gazprom, it said on Wednesday, allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases.

Mountain Valley Pipeline Startup Approval Leads to 2% Drop in U.S. Natural Gas Prices

U.S. natural gas futures slid about 2% on Wednesday on expectations the startup of the Mountain Valley Pipeline will soon allow more cheap gas from the Appalachia shale basin to flow to markets.

Mexico's Proven Crude Oil Reserves Fall as Natural Gas Reserves Rise

Mexico's proven crude oil reserves have fallen though proven natural gas reserves increased, resulting in an increased total for hydrocarbon reserves, the country's regulator said on Tuesday in its annual update for 2024.

Kinder Morgan Launches Open Season for Texas-to-Arizona Pipeline Expansion

SFPP, a subsidiary of Kinder Morgan Inc., has announced the launch of a binding open season to solicit commitments to support a proposed expansion of the East Line portion of its pipeline system from El Paso, Texas to Tucson, Arizona.

Mountain Valley Pipeline Nears Completion, Seeks FERC Approval for June 11 Start

The company reported in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were undergoing final preparations, including purging and packing with natural gas.

Noble Corp. to Acquire Diamond Offshore for $1.6 Billion to Bolster Fleet

Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.