Natural Gas
India's GAIL Explores Up to 26% Equity Stake in US LNG Projects
India's largest gas distributor GAIL (India) Ltd. is looking to buy an equity stake of up to 26% in an LNG liquefaction plant or project in the United States, according to a document issued by the company.
US LNG Producers Poised to Leapfrog Rivals with Three New Projects
Projects best positioned to move ahead include Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas. They have all or most of the long-term LNG sales agreements needed to convince bank's that the projects are ready for debt financing, according to Reuters analysts.
Sources: Abu Dhabi's ADNOC to Float 4% of Gas Business
Sources told Reuters last month that ADNOC was eyeing a valuation of at least $50 billion for its gas business, which would translate to proceeds from the IPO of roughly $2 billion, according to Reuters calculations.
Report: Galp Planning to Sell 10% Stake in Mozambique Gas Project
Portugal's Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique's Rovuma basin, the Negocios newspaper said on Thursday, citing an unidentified source linked to the energy sector.
Williams Closes Acquisition of MountainWest Natural Gas Transmission, Storage Business
(P&GJ) — MountainWest comprises roughly 2,000-miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity. MountainWest also operates 56 Bcf of total storage capacity, including the Clay Basin underground storage reservoir, providing valuable service to western markets.
Nicor Gas Completes Meter Modernization Deployment Using Xylem’s Sensus Technology
(P&GJ) – Nicor Gas, Illinois’s largest natural gas distribution company, has completed its meter modernization deployment with Sensus, a Xylem brand. Nicor Gas integrated the technology without interrupting the day-to-day life of its 2.3 million customers – no easy task.
US Gas Producers Skimped on Price Hedges and Now Face A Reckoning
A rout in natural gas prices will hurt first-quarter earnings and cash flows at gas producers as hedges — the industry's version of price insurance — were inadequate to offset the expected losses, analysts and industry experts said.
Neste Engineering Solutions Completes Construction of Transmission Pipeline
(P&GJ) — Neste Engineering Solutions, a global solution provider of high-quality technology, engineering and project services, has completed the construction work of the 2.2-km (1.4-mile) long gas transmission pipeline for Gasgrid Finland's LNG floating terminal vessel Exemplar in Inkoo, Finland.
UGI, Archaea Energy Partner to Develop Renewable Natural Gas Project in Pennsylvania
(P&GJ) — UGI Energy Services LLC and Archaea Energy Inc., a subsidiary of bp, have entered into a joint venture, Aurum Renewables LLC, to develop a renewable natural gas (RNG) project at the Commonwealth Environmental Systems landfill in Hegins, Pennsylvania.
Enagas: Algeria Regains Spot as Spain's Top Natural Gas Source
Enagas said 25%, or 8,545 GWh, of total gas deliveries to Spain in January of this year came from Algeria. Both countries are linked through the 757-kilometer (470-mile) submarine Medgaz pipeline.
Germany in Advanced Talks with Oman for Natural Gas Supplies
Germany and Oman are in advanced talks to sign a long-term deal for LNG lasting at least 10 years as Berlin continues its search for alternatives to Russian fuel supplies, three sources familiar with the matter said.
Pipeline Operator Enbridge Swings to Loss on $1.86 Billion Charge
North American pipeline operator Enbridge Inc. on Friday posted a quarterly loss from a year-ago profit as it took a non-cash $1.86 billion hit from the higher cost of capital related to its natural gas transmission business.
Indonesia Approves Revised Development Plan for Kasuri Gas Project
Indonesia has approved a revised development plan by Malaysia's Genting Oil & Gas for the first phase of its gas project in West Papua following changes in production estimates, the energy ministry said in a statement on Wednesday.
CEZ Seeking $45 Million in Damages from Gazprom for Gas Undersupply
Czech utility CEZ said on Thursday it had initiated international arbitration in Geneva against Russian gas company Gazprom seeking compensation for lower-than-contracted gas delivery last year.
Equinor Shares Spike as Gas Bonanza Lands Record Profit
Equinor posted a record $74.9 billion adjusted operating profit on Wednesday, more than doubling its previous high and sending the Norwegian oil and gas producer's shares up more than 7%.
Philippine Malampaya Gas Field Operator Seeks 15-Year Contract Extension
Prime Infra Holdings Inc., the new operator of the Philippines' Malampaya natural gas field, is seeking a 15-year extension of the project contract to be able to explore for additional supply around the reservoir, its chief executive said on Wednesday.
Indian Energy Company ONGC Videsh Eyes Oil, Gas 'Hot Spots' in Africa, Latin America
ONGC Videsh is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam. OVL currently has a stake in 32 oil and gas projects in 15 countries, spanning projects in various phases, including exploration, development, production and pipelines.
Cardinal Midstream Acquires 80 Miles of Natural Gas Pipelines in Delaware Basin
(P&GJ) — Cardinal Midstream Partners has entered a deal to acquire Medallion Midstream Services' natural gas assets in the Delaware Basin, which includes approximately 80 miles of high- and low-pressure natural gas gathering pipelines and a 140 MMcf/d natural gas processing facility.
Australia's Beach Energy Reaches Deal with Webuild on Waitsia Gas Project
Australia's Beach Energy Ltd. on Monday said it reached a deal with Italy's Webuild SpA to complete delivery of the $528.92 million Waitsia Stage 2 gas project, subject to approval from the project's contractor Clough Ltd., which was placed into administration in December.
Woodside, Partners to Pick Plan for Timor Sea Sunrise Gas Project Soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
US Senators Manchin, Cruz Float Bill to Block Gas Stove Bans
Cruz, a Texas Republican, and Manchin, a West Virginia Democrat, teamed up to float the Gas Stove Protection and Freedom Act, a bill that would prevent the U.S. Consumer Product Safety Commission from banning gas stoves.
Pipeline Operator Enterprise It's Says Bullish on Permian Oil Output
U.S. energy pipeline operator Enterprise Products Partners was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and gas will rise.
Bulgaria Begins Construction on 106-Mile Gas Pipeline to Serbia
Bulgaria began construction on Wednesday of a long-delayed natural gas link with neighboring Serbia that will allow flows of non-Russian gas to Belgrade and boost the security of supplies in southeastern Europe.
Peninsula Pipeline Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida
(P&GJ) — Peninsula Pipeline Co. will construct new infrastructure in two phases. Phase one involves the construction of three new pipeline segments, which consist of steel pipe, new regulator stations and improvements, a new gas injection point and three new points of delivery. Phase two of the project involves the installation of two new steel pipeline segments.
ICE to Open London Gas Hub, Creating Route Around EU Price Cap
The Intercontinental Exchange plans to launch a "parallel market" in London for Title Transfer Facility gas trading next month, it said on Friday, providing a way for market participants to avoid the European Union's gas price cap.
Trinidad Offers to Pay for Venezuelan Gas with Humanitarian Supplies
Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.
Pipeline Operator Kinder Morgan Sees Tax Credits Speeding Up Clean Energy Investments
U.S. funding for clean energy projects will help energy pipeline operator Kinder Morgan accelerate its investments in renewable natural gas and carbon sequestration, executives said on Wednesday.
Supply Chain Woes Loom Large for Oil, Gas Sectors
(P&GJ) — In the fall of 2022, the Chicago-based Association for Supply Chain Management (ASCM) joined with the respected global accounting and consulting firm KPMG International to create an index for measuring the sustainability of the global supply chain, accompanied by a report that included some sobering conclusions. It summarized the past two years as producing a doubling of the stress level on global supply deliveries.
Exxon Stops Routine Gas Flaring in The Permian, Wants Others to Follow
Exxon Mobil Corp. said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials said in an interview.
Russia, Uzbekistan in Talks to Reverse Gas Pipeline
Russia and Uzbekistan plan to look into the possibility of arranging Russian natural gas shipments to the Central Asian nation via a pipeline that is currently used to pump it in the other direction, the Tashkent government said on Wednesday.
- 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
