Business & Markets
Ecopetrol: Colombia Oil Pipeline Attack Causes Environmental Damage
An attack on an oil pipeline near a refinery in the Colombian city of Barrancabermeja has led to environmental damage but caused no injuries, majority state-owned oil company Ecopetrol said.
Occidental to Use Siemens Energy Compressors at Direct Air Capture Plant in Permian Basin
(P&GJ) — Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture plant in Texas’ Permian Basin, the company announced on March 6. The equipment will compress the captured CO2 for additional processing and pressurize the final product into a pipeline for injection into underground reservoirs.
Chevron CEO Says Natural Gas Markets Fundamentally Changed by War
The global natural gas market has been more fundamentally changed for the long term by Russia's invasion of Ukraine than the oil market, CEO Mike Wirth said on Monday.
Guyana Sees Natural Gas as The Next Frontier After Oil
Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday.
Chesapeake Signs 15-Year LNG Supply Deal with Gunvor
U.S. natural gas producer Chesapeake Energy Corp. said on Monday it would supply a unit of Swiss commodity trader Gunvor Group Ltd. with up to 2 MTPA of U.S. LNG for a period of 15 years.
Petronas Aims to Complete Malaysia LNG Investigation by Mid-Year
Malaysia's state energy company Petroliam Nasional Berhad, or Petronas, aims to complete an investigation into disruption of Malaysia LNG gas supply by the middle of the year, CEO Tengku Taufik told reporters on Friday.
ConocoPhillips’ Willow Oil, Gas Drilling Project in Alaska Sparks Green Opposition
Environmental and climate activists are rallying online against ConocoPhillips’ proposed Willow oil and gas drilling project in Alaska as the administration of U.S. President Joe Biden weighs whether to greenlight the controversial plan.
Equinor's Hammerfest LNG Plant Suffers Gas Leak, Production Unaffected
Norway's Hammerfest LNG plant was hit by a gas leak on Friday but production was unaffected, a spokesperson for operator Equinor told Reuters.
Biden Administration Works on 'Green' Natural Gas as US Vies for Top LNG Spot
The Biden administration is holding talks with global energy companies and foreign officials in an effort to set standards for certified natural gas, a form of the fuel that producers market as climate friendly.
Nigeria Oil Pipeline Blast Kills At Least One in Niger Delta
A crude oil pipeline explosion killed at least one person and injured another on Friday, authorities on the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
Europe Takes Steps Toward Developing Hydrogen Pipeline Network
German energy firm RWE and Norwegian oil and gas producer Equinor are planning the construction of new combined-cycle gas turbines (CCGTs) in Germany, blue hydrogen production facilities in Norway, and the implementation of hydrogen pipelines between the two countries.
US LNG Exports Flat Despite Freeport LNG Partial Restart
U.S. exports of LNG were flat last month at 6.84 million tonnes, shipping data showed on Thursday, even as a long-idled Texas processing facility began shipping the fuel during an ongoing restart.
Tellurian Says Chairman Sold Stock Ahead of Looming End of Gunvor Contract
U.S. LNG developer Tellurian Inc. said in a federal filing late Wednesday that its Executive Chairman Charif Souki sold about $1.1 million of Tellurian stock days before an LNG purchase agreement with commodity trader Gunvor Ltd was set to expire on Feb. 28.
New Fortress Plans to Start Producing LNG at Altamira, Mexico in July
U.S. company New Fortress Energy Inc. said on Tuesday it planned to finish building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing LNG there in July.
Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million
Calgary, Alberta-based pipeline operator Enbridge Inc. said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its LNG export business.
Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop
In January, an estimated 1.3 billion cubic feet of gas were burned from four flares at the Papan and Perdiz plants meant to process gas from Ixachi, satellite data shows, up from 1 billion cubic feet in November when the promise was made.
Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project
Tellurian Inc. is facing a new setback in a long-running effort to advance a $12.5 billion U.S. LNG export project. Commodities trader Gunvor Ltd. can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28.
Enagas Buys 80-Mile Gas Pipeline Network in Northwestern Spain for $57 Million
Spanish grid operator Enagas has bought a 130-km (80-mile) gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain, the companies said on Tuesday. The acquisition of the pipeline network cost $57.33 million.
Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy
U.S. LNG company Venture Global LNG has agreed to supply 0.7 million tonnes of LNG per annum to Excelerate Energy Inc. for 20 years. The LNG will be delivered to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana.
Harvest Midstream to Expand Gathering Infrastructure with Paradigm Midstream Acquisition
(P&GJ) — The North Dakota and South Texas assets are comprised of four wholly owned gathering systems known as the Charlson Gathering System, Van Hook Gathering System, Mountrail Gathering System, and Eagle Ford Gathering System. These systems consist of approximately 350 miles of trunk lines and gathering lines for oil, gas, and water.
Pioneer Natural Resources Denies Report of Acquisition of Range Resources
Oil and gas explorer Pioneer Natural Resources Co. said on Friday that it was not pursuing any business combinations, after Bloomberg News reported that the oil and gas explorer was considering an acquisition of smaller U.S. rival Range Resources Corp.
Pemex Deer Park, Texas Fire Broke Out in Crude Distillation Area
A Thursday night fire at Pemex’s 312,500 barrel-per-day Deer Park, Texas, refinery broke out in a crude distillation unit, said people familiar with plant operations. The sources did not know which of two Deer Park CDUs were hit by fire.
Say ‘Aloha’ to New Trend of Hydrogen Blending with Hawaii Gas
(P&GJ) — While most of the naphtha is converted to methane, some hydrogen is produced in the steam reformer process, resulting in hydrogen concentrations of up to 10% to 15%. As natural gas utilities around the world look to hydrogen as a potential solution to decarbonization, the decades of experience Hawaii Gas already has with a hydrogen blend provide an insightful study into the performance of equipment using hydrogen blends.
China’s Yulong Petrochemical in Preliminary Oil Deals with BP, Chevron
China's Yulong Petrochemical on Monday said it had signed a memorandum of understanding agreements with BP and Chevron to supply its 400,000 barrel per day greenfield refinery in northern China.
EPA: US 2022 Power Plant Emissions Fell on Switch from Coal to Gas
U.S. power plant emissions of pollutants that harm human health and warm the planet fell last year as the industry continued a switch from coal to natural gas, the Environmental Protection Agency said on Friday.
Oman's Abraj Signs Oil Drilling, Extraction Deal with Chevron, Kuwait Gulf Oil Company
Oman's Abraj Energy Services said on Saturday it had signed a five-year 'strategic partnership deal' with Kuwait Gulf Oil Company and Saudi Arabian Chevron to extract and drill for oil in Kuwait.
Russian Governor: Sakhalin-1 Oil, Gas Output Less Than Half of Plan in 2022
The project saw a sharp decline in output following the departure of U.S. oil and gas major Exxon Mobil after Moscow sent tens of thousands of troops into Ukraine on Feb. 24 last year.
East Africa Pipeline Project Kicks Up Climate Change Controversy
(P&GJ) — Construction of the 896-mile (1,443-km) cross-border East African Crude Oil Pipeline (EACOP) project continues to elicit objections, as well as strong arguments in its favor by the governments of Uganda and Tanzania. The main contentious issues are the possible adverse effects of the project might have climate change, and alleged human rights violations.
Russia Halts Oil to Poland Via Druzhba Pipeline, Says Refiner PKN Orlen
The halt in supplies via the Druzhba pipeline — which has been exempted from European Union sanctions imposed on Russia following its full-scale invasion of Ukraine — came a day after Poland delivered its first Leopard tanks to Ukraine.
FERC’s Pipeline, LNG Project Evaluations Looking at EJ
(P&GJ) — The Federal Energy Regulatory Commission (FERC) is devoting an increasing amount of attention and staff resources to the evaluation of impacts of interstate natural gas pipeline and LNG terminal projects on environmental justice (EJ) communities (that is, communities with disproportionately large minority and low-income populations).
- 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
