Natural Gas
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.
India to Monetize $81 billion of State Assets, Including Pipelines
India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatization plans previously announced in the 2021/2022 budget to boost public finances.
Ukraine Offers Extra 15 Mcm/Day of Gas Transit Capacity for October
Ukraine is offering guaranteed extra transit capacity for Russian gas to Europe at 15 million cubic meters per day for October, the head of the country's gas pipelines operator told Reuters.
Russia Expects Nord Stream 2 to Deliver 5.6 Bcm of Gas This Year
The Nord Stream 2 pipeline, which is currently under construction, is expected to deliver 5.6 billion cubic meters of Russian natural gas to Europe this year, gas producer Gazprom said on Thursday.
Australia Faces ‘Precarious’ Gas Supply in 2022, Watchdog Warns
Australia's southern states could face a gas shortfall in 2022 unless LNG exporters offer more gas into the domestic market, the Australian Competition and Consumer Commission said.
UK Government Sets Out Strategy for a Hydrogen Economy
The British government launched a strategy to meet its goal of 5 GW of low-carbon hydrogen production by 2030 to replace natural gas in powering around three million homes, as well as industry and transport.
Oil Industry Sues Biden Administration Over Drilling Auction Pause
Major U.S. oil industry groups sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.
U.S. Treasury to Oppose Development Bank Financing for Most Fossil Fuel Projects
The Treasury said it would oppose upstream natural gas projects, but could support midstream and downstream natural gas projects in poor countries that meet the World Bank's International Development Association targets.
New Fortress Energy to Provide Natural Gas to Unigel’s Brazilian Fertilizer Plants
The supply of gas from NFE’s Suape and Sergipe LNG terminals in Brazil’s northeast will connect Unigel’s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transportation charges.
U.S. Gulf of Mexico Oil Producers Consolidation Accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.
Saudi Aramco Aims to Raise At Least $17 billion From Gas Pipelines
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said.
TC Energy’s Louisiana Pipeline Projects Should Expand Gulf Coast Natural Gas Access
TC Energy is progressing with pipeline-related projects in Louisiana that should help deliver more natural gas to high-demand markets along the Gulf Coast and beyond.
PennEast Aims to Complete Phase of NatGas Pipe in 2022, Despite Delay
PennEast Pipeline said it still expects to complete the first phase of its $1.2 billion natural gas pipe in Pennsylvania in 2022 even though it put off acquiring rights of way for the project due to legal and regulatory hurdles.
China to Fund Myanmar Projects in Agreement with Junta
China will transfer over $6 million to Myanmar's government to fund 21 development projects, Myanmar's foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on Feb. 1.
Chesapeake Focusing on U.S. Shale Gas with $615 million Vine Energy Buy
Chesapeake Energy Corp agreed to buy Louisiana natural gas rival Vine Energy Inc. for $615 million, betting on the Haynesville shale field's proximity to the U.S. Gulf Coast export hub.
EIA Flags Below Average U.S. NatGas Stocks Going into Winter
The U.S. Energy Information Administration said high level of natural gas exports this year, coupled with relatively flat output have led to below average injection of the fuel into storage going into the winter heating season.
Safe Procedure Failure Led to Natural Gas Release, Fire in San Francisco Neighborhood
Kilford Engineering Inc.’s excavation crew’s failure to follow safe excavation practices near a pipeline contributed to a 2019 natural gas release and fire in a San Francisco neighborhood, the National Transportation Safety Board determined through an investigation.
INGAA Welcomes Senate Passage of Bipartisan Infrastructure Package
The Senate’s vote to advance the INVEST in America Act, demonstrates that Congress can achieve bold energy and climate goals when it works on a bipartisan basis and collaborates with stakeholders, INGAA's CEO said.
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants
Egypt's petroleum minister and Israel's energy minister discussed "future plans" for Israeli gas to be liquefied at Egyptian natural gas liquefaction plants for re-export, the ministers said in a joint statement on Monday.
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
UGI and Synthica Energy Partner to Develop Renewable Natural Gas
The project is expected to generate approximately 250,000 MMBTUs of pipeline-quality RNG each year that will be injected into a local natural gas pipeline on the regional distribution system.
Making Digital Transformation a Reality
Unlocking the value of process data through digital transformation not only offers oil and gas operators huge benefits, but it is also an essential step for businesses to remain efficient and competitive in the future.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer Natural Resources Co.'s top executive said that U.S. shale growth was "not going to grow that much" in the coming years, as oil and gas companies continue to focus on capital discipline and shareholder returns.
Plains All American Boosts Earnings Outlook as Fuel Demand Recovers
Plains All American Pipeline LP raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.
Pipeline Operator Enbridge Posts Drop in Quarterly Profit
Enbridge Inc. said its quarterly profit fell sequentially, as the Canadian pipeline operator transported lower volumes of fuel on its Mainline system.
Perspective: IEA’s Roadmap Shows Difficult Journey to Net Zero
Polarized responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe.
Texas Intrastate Whistler Pipeline Placed in Service
The Whistler Pipeline began full commercial service last month, providing approximately 2.0 Bcf/d of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure sufficient reliable gas takeaway and reduce natural gas flaring in the Permian basin.
U.S. Oil & Gas Rig Count Falls for First Week in Eight -Baker Hughes
U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks amid an industry stampede to reward investors with share buybacks instead of boosting production.
Entergy Seeks to Build NatGas/Hydrogen Power Plant in Texas
U.S. electric company Entergy Corp wants to build a power plant in Texas capable of burning a combination of natural gas and hydrogen as more consumers seek to transition from dirty fossil fuels to carbon-free sources of energy.
Pipeline Operator Enbridge Beats Profit Estimates as Oil Volumes Rebound
Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand.
- 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
