Business & Markets
Inpex Shuts One Train at Ichthys LNG Plant, Second Outage in a Month
One of the two trains at the Ichthys LNG plant in Darwin, Australia, has been shut since Aug. 20, operator Inpex Corp. said in an emailed statement on Thursday.
Russia's Novatek Postpones Arctic LNG 2 Third Line to 2028
Russian natural gas company Novatek has postponed the start of operations at the third line of the Arctic LNG 2 project to 2028 from 2026, RBC media reported on Thursday.
Final Phase of Gas Pipeline Decommissioning Begins in New Mexico’s Valles Caldera
(P&GJ) — The pipeline, which was constructed by the U.S. Department of Energy in the 1940s to supply natural gas to Los Alamos National Laboratory, was retired in 2022. Restoration work commenced the same year.
Editor’s Notebook: Alaska’s New LNG Pipeline Push Faces Long Odds
Pipeline & Gas Journal Exclusive: Alaska’s ambitious LNG pipeline project might seem like a game-changer, but significant hurdles remain. In this Editor’s Notebook, we dive into the latest developments, investor concerns, and what it all means for the future of U.S. energy exports. Can the Last Frontier overcome the odds?
Exxon Claims Hidden Value in Hess Guyana Assets Could Alter $53 Billion Chevron Deal
Getting the arbitration panel to consider the appraised value is central to Exxon's claim that the deal is an asset acquisition disguised as a merger.
NextDecade Withdraws FERC Application for Carbon Capture Project
NextDecade announced that its subsidiary, Rio Grande LNG LLC, has withdrawn its application with FERC for the proposed carbon capture and storage project at the Rio Grande LNG facility.
Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Million
The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators more valuable.
Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
Ghanaian President Nana Akufo-Addo has broken ground on the construction of a 300,000 barrel-per-day oil refinery that the government hopes will turn the West African country into the region's petroleum hub, but critics say the project is flawed.
U.S. Oil Export Growth Slows as Output and Global Demand Wane
U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish.
EnBW to Invest $1.1 Billion in Expanding Germany’s Hydrogen Network, Including Conversion of 155-Mile SEL Gas Pipeline
(P&GJ) — EnBW is set to invest $1.1 billion in Germany’s hydrogen infrastructure, focusing on integrating and converting the 155-mile SEL gas pipeline into a key component of the country’s expanding hydrogen network.
Caliche to Expand Gas Storage and Carbon Sequestration with Sixth Street Backing
The investment will fund the expansion of the Golden Triangle Storage facilities in Beaumont, Texas, and the Central Valley Gas Storage in Princeton, California, including the addition of two new natural gas caverns.
Kuwait and Qatar Discuss New 15-Year LNG Supply Deal from North Field
The deal would see Qatar providing Kuwait with 3 million metric tons per annum of the seaborne fuel over 15 years from its North Field project, which is expected to commence operation in 2026, four of the sources said.
EnerMech Secures Two Pipeline Pre-Commissioning Contracts in Malaysia
EnerMech has been awarded two pipeline pre-commissioning contracts in offshore East Malaysia. These contracts involve pre-commissioning work in both deep and shallow water environments.
Oklahoma Midstream Firm to Move Headquarters to Downtown Tulsa
Superior Midstream has announced that it will relocate its corporate offices to downtown Tulsa, with the move scheduled for January 2025.
Report: U.S. Oil, Gas M&A Activity Soars 57% in 2023 Amid Industry Consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on Tuesday.
Petronas Teams Up with ADNOC, Storegga to Develop Carbon Capture in Malaysia
Malaysia' Petronas will collaborate with ADNOC and U.K.-based Storegga to evaluate carbon dioxide emissions storage in Malaysia, the companies said on Tuesday.
India's Petronet Signs 5-Year LNG Supply Deal with Sri Lanka's LTL Holdings
Indian state-run firm Petronet LNG said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
Goldman Sachs Predicts Brent to Fall Amid Soft China Demand
Goldman Sachs on Tuesday said it expected Brent crude prices to fall to $68 per barrel by late 2025 if China oil demand remains flat through end of next year.
New Fortress Energy’s Fast LNG 1 Resumes Production After Maintenance Outage
New Fortress Energy Inc. has resumed production at its 1.4 MTPA Fast LNG 1 unit offshore Altamira, Mexico, following a scheduled maintenance outage.
One Killed in Offshore Natural Gas Pipeline Explosion in Louisiana
An offshore natural gas pipeline that exploded near Venice, Louisiana, on Saturday night, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said on Monday.
Oil Producer APA Explores $1 Billion Sale of Permian Basin Assets: Sources
APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters.
Fuel Pipeline Explosion at Russian Petrochemical Plant Injures Three
A blast and fire on a fuel pipeline at the Sterlitamak petrochemical plant in Russia's Bashkiria region east of Moscow injured three people, local authorities said on Monday.
Pipeline Capacity Shields Canadian Oil Exports from Rail Strike Impact
A looming labor dispute at Canada's two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to the matter said.
Woodside Wins Approval for $12.5 Billion Scarborough Project After Green Group Backs Down
Woodside's $12.5 billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed to dismiss its challenge in a federal court.
Nigeria, Equatorial Guinea Ink Deal for $25 Billion Gas Pipeline Project
That project is expected to cost $25 billion and have a capacity of 30 billion cubic meters per year, to be completed in three phases as it links up to existing infrastructure.
TC Energy Completes $1.14 Billion Sale of Portland Natural Gas Transmission System
TC Energy Corp. has completed the sale of its Portland Natural Gas Transmission System for $1.14 billion, in partnership with Northern New England Investment Company, Inc., a subsidiary of Énergir.
U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
A U.S. appeals court on Friday tossed out several natural gas pipeline safety standards adopted by President Joe Biden's administration following industry criticism about the massive costs on pipeline operators.
Texas Oil Billionaire, Endeavor Energy Founder Autry Stephens Dies at 86
Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, died at age 86 after a prolonged battle with cancer, the company disclosed on Friday.
Texas RRC Levies Over $2 Million in Penalties for Oil, Gas Violations
The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state's oil and gas industry.
Spain’s Cepsa Sells Iberian Gas Unit for $302 Million to Empresas Copec
Spain's second-largest oil company Cepsa has agreed to sell its liquefied gas division Gasib in Spain and Portugal to a unit of Chile's Empresas Copec for $302.42 million, the companies said on Friday.
- 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
