Business & Markets
Orlen Withdraws from Polaris CO2 Storage Project in Norway, Citing Low ROI
Initially expected to inject up to 6 million metric tons of CO2 annually, geological assessments revealed a lower capacity, prompting Orlen to explore other carbon capture initiatives while the project owner, Horisont Energi, seeks alternative strategies.
Berkshire Hathaway's Cove Point LNG Back Online After 3-Week Shutdown
Cove Point LNG in Maryland, owned by Berkshire Hathaway Energy, resumed production after a three-week maintenance shutdown. The 0.8-bcf/d facility's restart boosted U.S. gas exports, with gas flows jumping significantly, impacting Henry Hub prices.
Fatal Gas Leak at Pemex’s Texas Refinery Kills 2, Sparks Investigations
A deadly gas leak at Pemex's Texas refinery in Deer Park claimed two lives and injured 35 workers, prompting investigations into the cause. The accident, which released toxic hydrogen sulfide gas, has sparked concerns about safety protocols at the Mexican state-owned refinery.
U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.
PetroChina Exits Role as Committed Shipper on Trans Mountain Pipeline
PetroChina Canada will no longer be a committed shipper on the Trans Mountain oil pipeline after assigning its contracts to another party, the company said in a letter filed with the Canada Energy Regulator, dated Oct. 10.
Federal Court Rejects Four New Pipeline Safety Rules
Not only has the D.C. Federal Court of Appeals upending FERC decisions, but it has also now injected itself into Pipeline and Hazardous Materials Safety Administration (PHMSA) decisions.
Canadian Natural Gas Producers Flood Market With Surplus, Tempering LNG Price Boost
A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said.
Inpex: Ichthys LNG Train 2 Restarts, Train 1 to Reach Full Operations by November
Train 2 at Australia's Ichthys LNG restarted operations on Oct. 9, project operator Inpex Corp. said in an emailed statement on Friday, after it was previously taken offline for inspection and repair works.
Exxon Granted Largest U.S. Offshore Carbon Storage Site in Texas
Exxon Mobil said on Thursday it has acquired state leases for over 271,000 acres in Texas state waters for an offshore carbon dioxide (CO2) capture operation.
Oman LNG Signs 4-Year LNG Supply Deal with Japan's Kansai Electric
Oman LNG signed a four-year agreement to supply liquefied natural gas to Japan's Kansai Electric Power.
MOL Refinery Transition to Non-Russian Crude Delayed to 2026
Hungarian oil group MOL expects its refineries to be able to process both Russian and non-Russian crude oils by the end of 2026, a year later than planned as some adjustment projects have been delayed, a senior MOL executive said.
APA Curtailed 103 MMcf/d of Natural Gas in Q3 Amid Low Prices
U.S. shale producer APA Corp. curtailed about 103 million cubic feet per day (MMcf/d) of natural gas production in the third quarter in response to weak commodity prices, the company said on Wednesday.
2024 Midstream Winners Honored at Gulf Energy Information Excellence Awards Gala in Houston
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
East Timor Discusses Gas Pipeline Development with Sinopec, Other Chinese Firms Over Stalled Multi-Billion Gas Project
Now the main hurdle is disagreement over whether to pipe the gas to a new liquefied natural gas (LNG) plant in East Timor or to an existing LNG hub in Darwin.
Gas Pipeline Connected to Exxon's FPSOs in Guyana, Completion Expected by Year-End
A pipeline that would allow Guyana to bring natural gas produced by an Exxon Mobil-led consortium to shore has been connected to two of the project's floating production platforms, Exxon's head for Guyana was reported as saying on Wednesday.
EIA: U.S. Natural Gas Output Expected to Decline as Demand Reaches Record High in 2024
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday.
Woodside Completes $1.2 Billion Acquisition of Tellurian, Renaming Driftwood LNG to Woodside Louisiana LNG
Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt.
Colonial Pipeline Allocates Cycle 59 Shipments on Distillate Line 2, Ensuring Product Flow from Atlanta to Nashville
Colonial Pipeline Co. is allocating space for Cycle 59 shipments on its distillate Line 2, which transports products from Atlanta to Nashville, Tennessee. The company issued this notice to shippers on Tuesday.
California's Largest RNG Plant Opens, Transforming Landfill Gas into Clean Energy
With the capacity to process 4,500 standard cubic feet of landfill gas per minute, the plant aims to deliver approximately 1 billion cubic feet of RNG annually to PG&E's gas pipeline system.
Gas Stations Run Dry as Hurricane Milton Approaches; Kinder Morgan Shuts Florida Pipeline
As Hurricane Milton approaches Florida's Gulf Coast, panic-buying has left many gas stations empty, with over 15% out of fuel by midday. In response, Kinder Morgan has shut down its Central Florida Pipeline, disrupting the flow of refined products between Tampa and Orlando as evacuation orders affect over a million residents.
North Dakota Pipeline Authority Reports Wildfire Impact on Oil, Gas Production
The North Dakota Pipeline Authority said on Tuesday oil production is estimated to be down nearly 60,000 to 90,000 barrels of oil per day (bpd) due to the ongoing wildfires in the U.S. state.
QatarEnergy Signs 20-Year Naphtha Deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.
Arbitration Favors BP as Sole Buyer in Kosmos Energy's Senegal LNG Project
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favor of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue project offshore Senegal and Mauritania.
Equinor Reaffirms Commitment to $42 Billion Tanzania LNG Project
Norway's Equinor remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday.
McDermott Wins EPCI for 155 Miles of Offshore, Onshore Pipelines in Qatar's North Field
The contract covers the EPCI of nearly 250 km (155 miles) of offshore and onshore gas pipelines, connecting five new offshore wellhead platforms to two new onshore LNG trains.
Brazil’s Eneva Launches Gas Exploration, Carbon Storage Search in Parana Basin
Brazilian oil firm Eneva has began an exploratory campaign for natural gas in the Parana Basin that could lead to the firm's entry in the carbon capture market, a director at the firm told Reuters.
Sable Aims to Restart California Offshore Oil Pipeline by Year-End After Decade-Long Shutdown
Sable Offshore said on Monday it was expecting to restart the Santa Ynez oil and gas pipeline off the Californian coast by the end of the year after it was shut for nearly a decade following a major oil leak.
Chevron to Sell Assets Worth $6.5 Billion to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan.
OPEC+ Prepared to Offset Iranian Oil Loss, But Broader Disruptions Remain a Concern
OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities, but the producer group would struggle if Iran retaliates by hitting installations of its Gulf neighbors.
Matterhorn Pipeline Ramps Up Natural Gas Flow, Lifts Waha Prices
The Matterhorn Express Pipeline has started transporting gas into pipelines near Katy, marking the long-awaited launch of the Permian project. This week, Waha prices surged following the new pipeline's opening, although Permian gas prices remain low, according to East Daley Analytics.
- 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
