Natural Gas
India's GAIL Seeks Long-Term LNG Deals to Boost Capacity to 21 Million Tons by 2030
GAIL (India) is seeking long-term import deals for LNG amounting to 5.5 million tons per year, raising its capacity to 21 million tons per year by 2030, finance chief Rakesh Kumar Jain said on Wednesday.
U.S. Allocates $196 Million for Natural Gas Pipeline Modernization
The funding, part of President Biden's Bipartisan Infrastructure Law, will support 60 projects aimed at enhancing safety, reducing environmental harm, and lowering energy costs by replacing leak-prone pipelines.
Elliott Defends Citgo Offer in the Face of Creditors' Objections
Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "are deteriorating in value" and creditors will not get a better offer from others.
Evergy to Build Two Natural Gas Power Plants in Kansas Amid Rising Demand
Evergy plans to build two 705 MW natural gas power plants in Kansas, investing over $1 billion each, to meet rising electricity demand. The plants, expected to be operational by 2029 and 2030, will serve over 1.1 million customers.
Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
Four new petroleum liquids pipelines, including three crude oil projects and one hydrocarbon gas liquids (HGL) pipeline, have been completed in the U.S. since 2023, according to data from the U.S. Energy Information Administration’s (EIA) updated Liquids Pipeline Projects Database.
Energy Transfer Taps KBR, Technip to Build Louisiana LNG Plant
Energy Transfer has signed a preliminary agreement with KBR and Technip Energies to construct the Lake Charles LNG plant, pending a final investment decision. The project, in development since 2015, requires additional permits and customer agreements to move forward.
New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output
The Matterhorn Express pipeline, the first new natural gas pipeline in the Permian Basin in three years, is alleviating gas bottlenecks and boosting oil production by freeing up gas flow to Gulf Coast export hubs. This new capacity is expected to significantly increase shale output in west Texas.
Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation
Cheniere Energy moves closer to starting production at its Corpus Christi Stage 3 LNG export facility in Texas, receiving federal approval for key operations. The expansion will add around 10 million metric tons per year to U.S. LNG export capacity.
Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
Phillips 66 will shut down its Los Angeles oil refinery next year, ceasing gasoline and diesel production. The move raises concerns over California’s fuel supply, which already struggles with high prices and limited refinery capacity.
Colonial Pipeline Allocates Cycle 61 Shipments on Distillate Line 2
Colonial Pipeline Co. is allocating space for Cycle 61 shipments on Line 2, which carries distillates from Houston, Texas to Greensboro, North Carolina, the company said in a notice sent to shippers on Thursday.
Snam to Invest $16 Billion to Ready Gas Grid for Green Fuels, Hydrogen, Biomethane
Italian gas operator Snam plans to invest $15.8 billion to prepare its infrastructure for green fuels like hydrogen and biomethane, as part of its energy transition strategy. The company aims to repurpose much of its network to support decarbonization efforts across Europe.
Kinder Morgan Misses Quarterly Profit Estimates on Weak Prices, Crude Volumes
U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes.
Canada Halts Imperial’s Norman Wells Oil Permit Extension Over Pipeline, Environmental Concerns
The SSI outlined concerns about the impact of climate change on the Norman Wells operations and the Enbridge pipeline that transports the oil to Alberta in a September letter to the CER.
U.S. Energy Deals Plunge to $12 Billion in Q3 After Year-Long M&A Surge
U.S. energy mergers dropped to $12 billion in Q3, marking the lowest total in six quarters, following a year-long wave of major deals in shale fields, according to Enverus. The decline comes as companies reassess portfolios after record acquisitions.
Workers Sue Pemex Over Injuries from Texas Refinery Gas Leak
Three workers have filed a lawsuit against Mexico's national oil company Pemex for injuries allegedly caused by a hydrogen sulfide gas release at a Deer Park, Texas refinery.
Tulsa-based ONEOK Finalizes $3.3 Billion Acquisition of EnLink Stake from GIP
Tulsa-based ONEOK has finalized its $3.3 billion acquisition of a controlling interest in EnLink Midstream from Global Infrastructure Partners. The deal expands ONEOK’s asset positions in the Permian Basin, North Texas, and Louisiana, further strengthening its integrated midstream infrastructure.
ExxonMobil Explores Sale of Bakken Shale Assets in North Dakota
ExxonMobil is exploring the sale of a portion of its assets in North Dakota's Bakken shale, which includes over 800 wells across 49,000 net acres. The sale, part of Exxon's strategy to focus on high-growth assets, could fetch upwards of $500 million.
ConocoPhillips Fights to Maintain Creditor Priority in Citgo Auction
ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company.
Is the Oil and Gas Industry Ready for the Generational Shift?
As the oil and gas industry faces a monumental generational shift, a key question looms over its future: is it ready for the wave of retirements and the rise of a new, younger workforce?
Florida Gas Station Outages Decline as Recovery Efforts Continue After Hurricanes
Gas stations across Florida were resuming operations on Monday, easing fuel shortages as the state recovered from back-to-back hurricanes which caused widespread disruption.
India Sets $67 Billion Goal to Expand Gas Pipeline Network by 9,630 Miles
India is poised to nearly double its gas pipeline network by investing $67 billion over the next five years. Key projects include the Jagdishpur-Haldia Phase II pipeline and infrastructure developments in the northeastern states.
U.S. Northeast Outlook: Permitting Reforms Seen as Crucial to Region’s Energy Woes
The state of Massachusetts earlier in 2024 joined its fellow New England states, along with Delaware, Maryland, New Jersey and New York in signing a memorandum of understanding (MOU) to establish a framework for coordinating their activities to improve interregional transmission planning and development.
Projects October 2024
Explore the latest updates in pipeline and gas infrastructure, featuring new systems, expansions, and innovative developments shaping the industry. Stay informed on significant projects that enhance operational efficiency and drive growth in the energy sector.
Federal Court Slaps FERC’s Hands on Project Approvals
According to the Interstate Natural Gas Association of America (INGAA), 2023 saw the smallest increase in added interstate pipeline capacity on record in the United States.
Venture Global Delays LNG Deliveries to Italy's Edison Until 2025
Italian energy group Edison said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.
Phillips 66 Sells Swiss Venture Stake for $1.24 Billion, Targets $3 Billion in Divestitures
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday.
Diamondback Energy Warns of Lower Q3 Oil and Gas Prices
Diamondback Energy on Thursday signaled lower prices for its third-quarter oil and gas production, making it the third U.S. shale producer to do so in just a week.
Imperative Chemical Expands with Acquisition of Performance Chemical
Imperative Chemical Partners has acquired Performance Chemical Company (PCC), a Midland-based provider of specialty chemical solutions for midstream and production operators in the oil and gas industry.
Building a Better Mousetrap for Coating Pipeline Girth Welds
The pursuit of building a better mousetrap can often pay off in big ways in terms of efficiencies. Such a productivity payout was the goal for finding a better solution for coating pipeline girth welds in the field – a solution that would speed up the coating process per weld.
Fatal Gas Leak at Pemex’s Texas Refinery Kills 2, Sparks Investigations
A deadly gas leak at Pemex's Texas refinery in Deer Park claimed two lives and injured 35 workers, prompting investigations into the cause. The accident, which released toxic hydrogen sulfide gas, has sparked concerns about safety protocols at the Mexican state-owned refinery.
- 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
