Natural Gas
Occidental Puts CrownRock Expansion on Hold, Targets Debt Cut
Occidental Petroleum said it will focus on cutting debt and catching up with promised production goals before an eagerly anticipated expansion of its cash distribution program.
End of an Era? Russian Gas Flow to Europe via Ukraine in Question
Russia continues to supply gas to Europe through Ukraine, despite the war and shifting energy dynamics. With the transit deal ending in 2024, the future of these gas flows remains uncertain.
Chevron Achieves Industry First with Ultra-High Pressure Oil Field in Gulf of Mexico
At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day. The field is about 140 miles (225 km) off the coast of Louisiana.
Gazprom's Gas Transit Through Ukraine Continues Amid Reported Clashes Near Sudzha
The Ukrainian transit operator said on Wednesday that Russian natural gas continued to transit Ukraine as normal despite reports of clashes near the Russian town of Sudzha where Russian gas flows into Ukraine.
EnLink Midstream Approves Major Capacity Increase at Louisiana Gas Storage Facility
The Stage 1 expansion, which leverages existing assets at JISH, is expected to cost approximately $85 million and will increase the facility’s working gas storage from 2 Bcf to 10 Bcf.
Energy Transfer Raises 2024 Profit Forecast on Higher Volumes, Acquisitions
Energy Transfer has raised its full year profit forecast after the U.S. pipeline and storage company posted higher second-quarter profit on the back of strong crude and natural gas liquids (NGL) transportation volumes.
NOG to Acquire Additional Uinta Basin Assets for $17.5 Million
Northern Oil and Gas Inc. announced it has exercised its option to acquire a 20% stake in the Altamont Assets in the Uinta Basin. The purchase price is $17.5 million in cash, subject to customary closing adjustments.
Ukraine Pierces Russian Border Near Major Gas Transmission Hub
Russia said on Wednesday that it was fighting intense battles against Ukrainian forces which had penetrated the Kursk region near a major natural gas transmission hub in one of the largest incursions into Russia since the war began in February 2022.
U.S. Natural Gas Producers Plan Further Output Cuts as Prices Plummet
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.
Bernhard Capital Acquires New Mexico Gas Company from Emera for $1.252 Billion
Emera acquired NMGC as part of its purchase of the TECO group of companies in 2016. NMGC is the largest natural gas utility in New Mexico, serving over 545,000 customers and managing more than 12,000 miles of pipelines.
Trace Midstream Acquires LM Energy’s Delaware Basin Gas Gathering, Transportation Assets
Trace Midstream Partners II has acquired LM Energy’s gas gathering and transportation assets in the Northern Delaware Basin, adding 170 miles of pipeline and 12 compressor stations to its portfolio.
ONEOK Profit Rises on Strong Rocky Mountain Region Volumes
U.S. pipeline operator ONEOK reported a rise in second-quarter profit on Monday, as it moved more natural gas and liquids from the Rocky Mountain region.
Williams Cos. Exceeds Q2 Estimates, Boosted by New Acquisitions
Williams has made a series of acquisitions in recent past to boost its capacity, hoping to tap into an expected spike in demand for liquefied natural gas exports and power-intensive AI data centers.
Clean Energy Begins Injecting RNG from Minnesota Dairy into Pipeline Grid
Now producing pipeline quality RNG and injecting it into the interstate natural gas pipeline grid, the facility is projected to supply up to 480,000 gasoline gallon equivalent of RNG annually.
New Gas Pipeline Projects Underway Across Latin America
In Latin America, at the moment, there are a series of projects to build, expand and rehabilitate gas pipelines, which are of great importance to the strengthening of midstream infrastructure of those countries.
Woodside's Browse Gas Project Awaits Decision from Australian Regulator
The $20.5 billion project in waters off Western Australia is the country's largest untapped gas resource but has been stuck on the drawing board for decades.
Enbridge Eyes Data Center Market, Increases Profit Forecast and Pipeline Capacity
Pipeline operator Enbridge raised its full-year profit forecast on Friday as it benefits from newly acquired assets and said it was well-positioned to capitalize on growing demand for natural gas to supply U.S. data centers.
Chevron-Hess Merger Drags On Amid Exxon Arbitration Challenge
Chevron said an arbitration panel that will evaluate Exxon's challenge to its Hess acquisition should have a decision between June and August 2025.
U.S. Dominates Global Natural Gas Production and LNG Exports
The U.S. has reinforced its position as the leading global producer of natural gas and LNG exporter, with notable increases in LNG supply and significant reductions in European and Russian gas imports.
Canada's Indigenous Groups to Borrow $722 Million for TC Energy Pipeline Stake
Canada's Indigenous groups are preparing a $721.66 million bond offering to fund the purchase of a minority stake in TC Energy's natural gas pipeline system.
Russian Pipeline Gas Exports to Europe Reach Highest This Year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June, Reuters calculations showed.
Stalled Pig Rescue Mission Returns Clogged Pipeline to Normal
For the most part, the equipment meant to keep pipelines up and running remains up and running itself. When something goes wrong, a routine repair is often all it takes to set things right.
U.S. LNG Exports Fall Again in July on Freeport LNG's Slow Restart
Texas-based Freeport LNG is the country's second-largest LNG export facility, and its production woes in the last few years have played a crucial role in swings in U.S. natural gas and global LNG prices.
AI Data Center Boom Drives Future Gas Demand for TC Energy
TC Energy revealed that 300 data centers under construction in the U.S. will require an additional 6-8 Bcf/d of natural gas, with over 60% of these centers located within 50 miles of their pipelines.
365-Mile Blackcomb Pipeline Project Greenlit to Boost Permian Gas Flow to Gulf Coast
Enbridge, WhiteWater and MPLX have approved the 365-mile Blackcomb Pipeline to transport up to 2.5 Bcf/d of natural gas from the Permian Basin to the Gulf Coast. The project aims to enhance gas takeaway capacity and is slated for completion in late 2026.
U.S. Crude Oil Production Drops for First Time Since January, Gas Output Hits New Low
U.S. crude oil production fell in May in its first monthly decline since January, while fell natural gas output decreased to its lowest since February 2023, data from the U.S. Energy Information Administration showed on Wednesday.
Analysis: U.S. Oilfield Service Companies Slash Prices, Merge as Oil Producers Consolidate
As big producers integrate and become more efficient while raising oil output, there is less work for the oilfield services companies that depend on them, according to service company executives and energy analysts.
Texas Needs More Natural Gas Pipelines as Prices Turn Negative Again
Analysts say that is a sure sign the Permian Basin region needs more gas pipelines, which has already prompted Kinder Morgan, Energy Transfer and other U.S. energy firms to propose new projects.
Enterprise to Grow NGL Export Capacity at Houston Ship Channel
Enterprise Products Partners is expanding the company’s NGL export capacity by 300,000 bbl/d in the Houston Ship Channel to meet strong demand.
Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
Williams Cos.’ $1 billion pipeline project is halted after a U.S. appeals court overturns the Federal Energy Regulatory Commission's approval, citing inadequate environmental and public interest reviews.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Tanker Departs Venture Global’s Louisiana Plaquemines LNG Export Plant as Facility Nears Production
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- TC Energy Completes $1.14 Billion Sale of Portland Natural Gas Transmission System
