Business & Markets
Senstar Wins Security Contract for Oil Pipeline Project in Africa
(P&GJ) — Senstar Technologies, a provider of sensing and information management solutions for the protection of critical infrastructure, has been awarded a significant oil pipeline project in Africa.
Using Data to Digitalize Oil and Gas Industry
(P&GJ) — The oil and gas industry has been historically slow to adopt new technologies and truly take advantage of the digital tools that are widely available and extensively used in other sectors. This is partially due to the expansive operations that often span many thousands of kilometers, and the seemingly great expense it would take to update a network.
Iraqi Kurdistan Region's Oil Output at Risk After Turkey Halts Pipeline Exports
Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to divert crude to storage, where capacity is limited.
Energy Transfer to Acquire Lotus Midstream for $1.5 Billion, Adding 3,000 Miles of Permian Pipeline
By purchasing Lotus Midstream, Energy Transfer will gain the Centurion Pipeline and an additional 3,000 miles of crude gathering and transportation pipelines that stretch from New Mexico through the Permian Basin of West Texas to Cushing, Oklahoma.
ConocoPhillips to Pay $500 Million to Raise Stake in Australia's APLNG
ConocoPhillips currently holds a 47.5% stake in APLNG, one of the largest suppliers of natural gas to Australia's East Coast. Origin and China's Sinopec hold the remaining shares in APLNG.
Portugal to Launch Europe's First Auction for Piped Hydrogen
Portugal will launch a pioneering auction in the second half of this year for rights to sell hydrogen for injection into the national gas grid, which some see as a key step in kickstarting Europe’s fledgling hydrogen market.
Oman's OQ Seeks Bookrunners for Gas Pipelines IPO, Sources Say
Oman's OQ Gas Network, the pipelines business of the sultanate's state oil giant OQ, has invited banks to pitch for bookrunner roles in its planned initial public offering (IPO), two sources close to the matter told Reuters.
Spotlight on Brazil: Government Promotes Five New Gas Pipelines
(P&GJ) — A division of Brazil's Ministry of Energy recently published a document outlining a plan for $4 billion in investments to finance the construction of five gas pipelines focusing on gas flow from the Sergipe-Alagoas basin and gas from the pre-salt field.
Virginia Natural Gas Receives Approval for Renewable Natural Gas Pilot Program
(P&GJ) — The five-year pilot program will allow for the production and delivery of RNG into Virginia Natural Gas' pipeline system and support the procurement of both RNG and next-generation natural gas.
Capstone Green Energy Secures Microturbine Order for Wyoming Gas Compression Facility
(P&GJ) — Capstone Green Energy Corp. has announced that Horizon Power Systems secured a follow-on order for two Capstone C1000 Signature Series microturbines. The microturbines will power a remote natural gas compression facility in Wyoming’s Green River Basin and will run on high-pressure natural gas.
Spain Asks Gas Importers to Wean Themselves Off Russian LNG
The Spanish government has asked LNG buyers to refrain from signing new contracts for Russian gas once existing contracts have expired, two sources familiar with the matter told Reuters on Friday.
Army Corps Extends Line 5 Tunnel Review, Delaying Enbridge’s Pipeline Project by 18 Months
Canada's Enbridge Inc. said on Thursday it was "disappointed" by the U.S. Army Corps of Engineers' decision to extend the federal permitting process for the company's proposed Great Lakes Tunnel that would rehouse its Line 5 oil pipeline underneath the Straits of Mackinac.
Kazakhstan's KMG Starts Shipping Oil Via Caspian Sea to BTC Pipeline
Kazakhstan's state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.
EIA: US Crude Inventories Rise Unexpectedly to 22-Month High, Fuel Stocks Fall
U.S. crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.
Gas Producer Energean Is Looking to Increase Israel FPSO Capacity, CEO Says
Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 Bcm a year, CEO Mathios Rigas told Reuters on Thursday.
Russia Hopes to Seal Power of Siberia 2 Deal with China This Year
Moscow is eyeing the 2,600 km (1,620 mile) pipeline — which would have a capacity of 50 Bcm of gas per year — as a way to replace lost exports to Europe.
Editor’s Notebook: Getting the CO2 Out
(P&GJ) — Navigator Heartland Greenway has voluntarily withdrawn its application for a certificate of authority to build a 250-mile portion of its CO2 pipeline through a part of western Illinois, but the company said it plans to refile soon.
IPC CEO Urges Canada to Offer More Funding to Build Carbon Capture
International Petroleum Corp., the first foreign oil company to sanction a project in Canada's oil sands in more than a decade, could add carbon capture and storage (CCS) to the plant if more government financial incentives become available, its CEO told Reuters.
CEO: Gunvor to Expand in United States After Strong Profits
Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.
Explainer: Does China Need More Russian Gas Via the Power-of-Siberia 2 Pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
TotalEnergies' Bet on Gas Means No Big Emissions Cut by 2030
French oil major TotalEnergies forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its climate strategy on Tuesday.
Azerbaijan's January-February 2023 Oil Exports Via BTC Pipeline Rise 6.9% from 2022
Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey were up by 6.9% in January-February 2023 from a year earlier at 4.6 million tonnes, the State Statistics Committee said on Friday.
Insight: Huge Phillips 66 Biofuels Project Will Test the Industry’s Green Promises
In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant.
Lukoil-backed Congo Project to Begin LNG Output in December
Lukoil Vice President Ivan Romanovsky said the initiative will produce around 600,000 tonnes of LNG per year, and that Lukoil plans to boost total LNG output at the Marine XII oil and gas project in the Congo to 3 million tonnes by the end of 2025.
Sempra Reaches Final Investment Decision on Port Arthur LNG Plant's Phase 1
U.S. power and gas utility Sempra Energy said on Monday the first phase of its proposed Port Arthur LNG export terminal received the financial greenlight to move ahead with investment firm KKR & Co. agreeing to a minority stake in the project.
Canada's B.C. Province Sets High Emissions Bar for New LNG Projects
British Columbia's decision this week to toughen emissions standards for new LNG projects creates one of the most robust climate plans in North America, but sets a high hurdle for industry even as many countries look to Canada to become a global supplier of gas.
Kremlin: Turkish Gas Hub is Complex, Will Require Time
President Vladimir Putin proposed the idea of a Turkish gas hub - the exact details of which remain unclear - last year as European countries moved to sharply cut their imports of Russian gas in response to Russia's military actions in Ukraine.
Thailand Approves Nearly $1 Billion Investment in LNG Terminal Project
"The projects that have been granted investment privileges today will help strengthen the country's infrastructure, which is a key factor in attracting more foreign investment," Mr. Narit Therdsteerasukdi, Secretary General to the BOI, told reporters at a briefing held at Government Houses after the board meeting chaired by Prime Minister General Prayut Chan-o-cha.
China Strengthened Energy Ties With Russia Through Oil and Gas Purchases in 2022
Putin, Xi and the president of Mongolia held talks in September 2022 on a proposed new Power of Siberia 2 pipeline capable of delivering 50 bcm of gas per year from Russia to China via Mongolia. Moscow put forward the idea many years ago, but it has gained urgency as Russia turns to China to replace Europe as its major gas customer.
Netherlands to Build Hydrogen Production Facility, Use Existing Gas Pipeline for Transport
The new hydrogen plant will be connected to an offshore wind farm off the coast of the northern province of Groningen, where the hydrogen could be transported to land by using an existing natural gas pipeline.
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
