Natural Gas
Norway Oil Firms Raise 2021 Investment Plans
Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022.
Resurgent Canadian Natgas Producers Looking to U.S. Market
Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years.
Mountain Valley Gas Pipeline Completion Expected by End 2021
Virginia natural gas company RGC Resources Inc's chief executive said the joint venture building the $5.8 billion-$6.0 billion Mountain Valley gas pipeline from West Virginia to Virginia expects to complete the project by the end of 2021.
Unsolicited, Brookfield Offers $5.6 billion for Canada's Inter Pipeline
Brookfield Infrastructure Partners L.P. made an unsolicited C$7.08 billion ($5.6 billion) offer on Wednesday to buy Canada's Inter Pipeline Ltd as it seeks to benefit from rebounding oil and gas demand, after an approach last year was rebuffed.
Russia’s Gazprom Taps Eurobond Market Again with 1 billion Euro Deal
Gazprom returned to the bond market Wednesday with a new 1 billion euro ($1.21 billion) Eurobond issue, Gazprombank said, in a sign of investor confidence in the state-controlled Russian gas producer despite tensions with the West.
German Government, Gas Industry Locked in Tricky Conflict over Hydrogen Pipelines
The natural gas pipeline industry, which eventually needs to switch to hydrogen, wants an early merger of the two systems and criticized the government's approach for being too slow.
ADNOC Natgas Pipeline Investors Galaxy Raise $3.92 billion via Bonds
Galaxy Pipeline Assets BidCo, owned by a consortium of investors that took a stake in Abu Dhabi National Oil Company's (ADNOC) natural gas pipeline assets, launched $3.92 billion in a dual-tranche amortizing bond offering on Tuesday, a document showed.
U.S. and Canadian Natural Gas Prices Rise During Arctic Freeze
Next-day gas for Monday rose to its highest since December 2018 at the Waha hub in the Permian basin in Texas where some producers were forced to pay others to take their gas when prices turned negative in October.
Alaska Seeks to Build Natgas Pipeline from North Slope to Fairbanks
The proposed $5.9 billion gas pipe would run roughly 500 miles (805 kilometers) from Prudhoe Bay to Fairbanks and could start delivering gas into central Alaska in 2025.
South Africa’s Gas-to-Power Plan to Boost Pipeline Market
South Africa is eyeing the generation of at least 3,000 MW from various gas-to-power technologies by 2027. This trend is likely to increase investments in natural gas exploration, indigenous production and liquefied natural gas (LNG) imports.
U.S. LNG Exports Exceed Natural Gas Pipeline Exports
U.S. LNG exports exceeded the country's natural gas exports by pipeline in November 2020 for the second time since 1998.
Enterprise Products Misses Profit Estimates as Costs Surge
The COVID-19 pandemic has crushed global fuel demand and ended a boom in U.S. shale production, forcing pipeline companies that run oil from fields to refineries and export terminals to slash fees to ensure customers keep using their networks.
Russia Lawmaker Suggests Taxing Yamal LNG Over Challenging Gazprom
Russia's flagship liquefied natural gas project, privately-owned Yamal LNG, is challenging state gas giant Gazprom in its core European market, and should either be taxed or have a limit put on its sales there, a lawmaker said.
Germany’s Siemens Gutting Natural Gas Jobs Through 2025
Siemens Energy is cutting about 7,800 natural gas jobs until 2025, the company announced as part of its cost-saving initiatives.
EQT and Project Canary Launch Responsibly Sourced Natural Gas Pilot Project
EQT Corporation announced its commitment to a pilot project to demonstrate the production of responsibly sourced natural gas (RSG) for use in domestic and international energy markets.
Russia's Gazprom Says Natural Gas Fits with Global Climate Goals
Pipeline gas accounted for far fewer emissions than the sea-borne liquefied natural gas, said Elena Burmistrova, head of exports at Russian gas giant Gazprom.
INGAA Sets Net-Zero Emissions Goal for 2050
The Interstate Natural Gas Association of America set a goal for the industry to reach net-zero greenhouse gas emissions from natural gas transmission and storage by 2050, the organization announced along with other commitments to address climate change.
NextEra Energy Posts Loss on $1.2 billion Mountain Valley Pipeline Charge
Mountain Valley pipeline, which stretches from West Virginia to Virginia, is one of the several oil and gas pipelines delayed in recent years by regulatory and legal fights.
World Petroleum Congress on Track One Year Out
With slightly less than one year to go until the opening day, momentum continues to build behind the 23rd World Petroleum Congress (WPC), which looks set to continue into 2021.
Kinder Morgan Beats Profit Estimates after Higher Gas Demand
Pipeline companies are seeing a recovery in transport volumes after the pandemic wreaked havoc on demand,
More Residential Consumption Expected this Winter than Last
The U.S. Energy Information Administration (EIA) forecasts residential natural gas consumption for the winter season will average 21.1 Bcf/d, 5% more than last winter, due to colder temperatures and changes in consumer behavior.
New Pipelines Needed to Bring Appalachia Shales Natural Gas to Gulf Coast LNG Facilities, Study Shows
While other plays near the Gulf Coast are better located to provide natural gas to meet LNG feedstock demand, the Marcellus and Utica can play a relevant role in supplying natural gas to the new LNG facilities located on the Gulf Coast, but additional pipeline capacity will be needed.
Waha Hub Prices Rise with Permian Highway Pipeline in Service
The Permian Basin basis to the Henry Hub briefly went positive as the Permian Highway pipeline entered service, the U.S. Energy Information Administration’s latest weekly natural gas update announced.
Phillips 66 Budget Down 43% From 2020’s Forecast
Phillips 66 said its 2021 budget includes capital expenditures of $776 million on the refining segment and $610 million on midstream as the energy industry struggles to recover from the blow of the COVID-19 pandemic.
Despite a Late Surge, Oil Ends 2020 Down 20%
Brent and U.S. crude benchmarks have more than doubled from April's nadir as producers cut output to match weaker demand. News of coronavirus vaccine distributions also bolstered prices in the fourth quarter, helping futures recover to the highest in about 10 months.
Energy Sector Could Get Reprieve from ‘Golden Cross’ Chart Signal
Energy could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day moving price average rising above the 200-day moving average.
Russia’s Gazprom Signs Deal on Gas Prices with Belarus for 2021
Russia and Belarus said the two countries signed a deal on gas prices for 2021, easing tensions between the two former Soviet countries.
LNG Prices Reach 6-Year High as Winter Storm Hits Asia
As an early winter chill grips China, South Korea and Japan, prices for LNG and power are rising due to supply crunches and a surge in demand with more cold weather expected.
Oil Settles Up, Marking 7th Straight Weekly Gain
Oil settled up at a nine-month high on Friday, rounding out seven straight weeks of gains as investors focused on vaccine rollouts and a decline in the U.S. dollar.
Court Approves Williams' Deal with Bankrupt Chesapeake
A bankruptcy court has approved Williams' agreement to take ownership of some Chesapeake Energy assets in exchange for accepting lower gas gathering fees.
- 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
