Natural Gas
As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze
Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.
Ford Shuts North American Plants due to Weather, Gas Supply Interruption
Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.
Energy Transfer Upping NGL Investments as Oil Pipeline in Doubt
Energy Transfer LP executives said the company is deepening its investments in natural gas liquids (NGLs) as crude oil pipeline shipments decline and as the company faces the possible closure of its Dakota Access line.
Texas Mandate to Bar Natural Gas Exports Likely Unenforceable
The Texas oil and gas regulator on Thursday alerted state natural gas producers of a directive to reserve their supplies for in-state electric generation even as one member questioned whether the directive could be enforced.
President Asks Mexicans to Ration Power as Texas Limits Fuel
Mexico's president asked consumers on Thursday to use less electricity in the evenings as a measure to help overcome shortages of natural gas from Texas, which is seeking to ban exports of the fuel during freezing weather.
Texas Oil Producers Still Shut; Governor Bans Natural Gas Exports
The Texas governor ordered a ban on natural gas exports from the state to try to speed the restoration of power, which could heavily impact Mexico.
Northern Mexico Hit With $2.7 billion Blackout due to Texas Freeze
Factories across parts of northern Mexico on Tuesday reported $2.7 billion in losses from blackouts that extended to a second day on limited natural gas supplies from Texas, where a rare winter freeze has left millions of users without light or heat.
Energy Transfer to Acquire Enable Midstream for $7 billion
Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.
Texas Energy Sector Struggles to Thaw After Deep Freeze
Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not used to dealing with frigid temperatures.
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.
- 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
