Natural Gas
Dealmakers Optimistic for 2024 M&A Recovery Despite Slow Q2 Growth
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.
Russia to Begin Exporting 10 Bcm of Gas Annually to China from Far East in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 billion cubic meters (Bcm) in 2027, its boss Alexei Miller told an annual shareholders' meeting on Friday.
Egyptian Fertilizer Company Turns to Hydrogen Amid Gas Shortage
One of Egypt's largest fertilizer companies said on Thursday it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.
Fulcrum LNG Teams Up with McDermott, Baker Hughes for Guyana Gas Project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday.
U.S. Supreme Court Blocks EPA's 'Good Neighbor' Air Pollution Plan
The 5-4 decision granted requests by Ohio, Indiana and West Virginia, as well as U.S. Steel Corp, pipeline operator Kinder Morgan and industry groups, to halt enforcement of the EPA's "Good Neighbor" plan restricting ozone pollution from upwind states, while they contest the rule's legality in a lower court.
U.S. Regulators Approve Louisiana LNG Plant and 85-Mile Pipeline
The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) pipeline.
SM Energy to Acquire XCL's Uinta Assets for $2 Billion
XCL, backed by EnCap Investments and Rice Investment Group, is one of the largest producers in the region with an output of around 55,000 barrels of oil equivalent per day.
Venture Global's Louisiana Plaquemines LNG Export Plant Receives First Natural Gas
Venture Global LNG's Plaquemines export plant under construction in Louisiana started to take in natural gas from pipelines on Wednesday, according to data from financial firm LSEG on Thursday.
U.S. Oil Firms Face Challenges Selling $27 Billion in Assets Post-Megamergers: Analysis
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Kimmeridge Acquires 90% Stake in Commonwealth LNG
Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied natural gas export project Commonwealth LNG, it said on Tuesday.
Guyana Selects Firm Led by Ex-Exxon Exec to Engage with Exxon on Gas Project
A newly formed company headed by a former ExxonMobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said.
Gazprom Signs Memo with Iran for Russian Gas Supplies
Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company (NIGC) to supply Russian pipeline gas to Iran, it said on Wednesday.
NNPC's OB3 Gas Pipeline Set to Be Completed by August
NNPC's OB3 Gas Pipeline is poised for completion by August, marking a significant milestone with the promise of delivering 2.2 billion standard cubic feet of gas to bolster national supply.
Southern Star Responds to Pipeline Fire in Terlton, Oklahoma
Investigators said they are still working to determine the cause of the fire, which occurred during maintenance work on a gas pipeline the morning of June 22.
Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger.
Kinetik Completes Acquisition of Durango Midstream’s New Mexico Gathering, Processing System
Kinetik funded the cash consideration for the Durango acquisition with proceeds from the divestiture of its 16% equity interest in the Gulf Coast Express pipeline, which was completed on June 4, 2024.
Constellation Energy Retires Gas-Fired Mystic Generating Station in Massachusetts
Constellation Energy on May 31 permanently shut down the natural gas-fired Mystic Generating Station located in Charlestown, Massachusetts, the EIA reported on Monday.
EPA to Review Texas' Oversight of Oil, Gas Wastewater Disposal Wells
The review follows a petition from nine environmental groups and aims to assess if the Texas Railroad Commission meets federal standards for protecting public health and the environment.
Trafigura Charters Supertanker to Load Diesel from Middle East
Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to shipping data and several trade sources.
Japan's Eneos and Mitsubishi to Expand Alliance into Hydrogen and Decarbonized Fuels
Japan's top oil refiner, Eneos Holdings, and trading house Mitsubishi Corp. said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonized fuels, in addition to sustainable aviation fuel.
Nigeria's 384-Mile AKK Gas Pipeline to Be Finished by Early 2025, NNPC Says
Construction of Nigeria's 614-km (384-mile) natural gas pipeline will be completed by the first quarter of 2025, the head of state oil firm NNPC said on Friday, two years after the initial planned completion date.
Fulcrum LNG to Assist Guyana in Developing Natural Gas Resources
U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.
U.S. Natural Gas Venting, Flaring Declined to 18-Year Low in 2023, EIA Reports
The yearly amount of natural gas vented or flared in the U.S. decreased to 0.5% of gross withdrawals in 2023, the Energy Information Administration (EIA) estimated on Thursday, based on preliminary state and federal data.
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
QatarEnergy, Exxon Move to Remove Contractor from Texas Gas Project Amid Bankruptcy
Joint venture partners QatarEnergy and ExxonMobil are urgently seeking court action to remove contractor Zachry Industrial from their $10-billion Golden Pass LNG project in Texas.
TGS Proposes $500 Million Expansion of Vaca Muerta Gas Pipeline
Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline that connects to the country's massive Vaca Muerta shale oil and gas formation.
Russian Court Orders $102 Million Award of Commerzbank Assets to Pipeline Firm
A Russian court has ordered that Commerzbank assets worth $101.86 million be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed.
Mega-Deals Reshaping How Midstream Business Is Done
Explore how mega-deals are reshaping the midstream oil and gas industry, providing growth and stability amid regulatory challenges and limited organic expansion opportunities.
Projects June 2024
FERC reapproves GTN pipeline expansion; DeLa Express seeks FERC approval; Williams cancels New Jersey pipeline project; Venice extension project gets approval; Biden administration requests Enbridge review; Black Bear's Ozark project operational.
Global News June 2024
Latest industry developments from around the world!
- 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
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
