Business & Markets
CNOOC Announces Major Gas Discovery in South China Sea
CNOOC Ltd. has achieved a major exploration breakthrough in an ultra-shallow gas play in ultra-deep water South China Sea, the state-owned oil and gas firm said on Thursday.
Analysis: How Devon Energy Missed the Boat on U.S. Oil and Gas Mega-Deals
U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.
Afreximbank Provides $925 Million for Nigerian Oil Sector Expansion
Africa's Afreximbank has just greenlit a massive $925 million loan to Nigeria's NNPC, backing the oil giant's expansion plans.
Sinopec Unit Secures $1.1 Billion Deal to Build Gas Pipelines for Saudi Aramco
A Sinopec service unit said on Thursday it has signed a $1.10 billion deal to build natural gas pipelines for Saudi state oil company Aramco.
Freeport LNG Sues Three Contractors Over Defects at Texas Plant
Freeport LNG filed a lawsuit in April against three contractors alleging that installation defects in electric motors at its $14-billion Texas export plant caused prolonged outages and costly repairs.
GreenGasUSA and Darling Ingredients Partner to Produce Renewable Natural Gas
GreenGasUSA and Darling Ingredients Inc. have joined forces in a groundbreaking partnership aimed at producing renewable natural gas (RNG) and capturing CO2 emissions from wastewater streams at Darling’s U.S. facilities.
Golden Pass LNG Construction Turmoil to Delay Texas Plant's Startup, Analysts Say
The startup of Golden Pass LNG, the QatarEnergy and ExxonMobil $11 billion joint venture liquefied natural gas project in Texas, has been delayed by at least six months due to construction turmoil, analysts said on Thursday.
Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas.
Southern Company Gas Subsidiaries Secure First Renewable Natural Gas Deal
Two Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have finalized their inaugural renewable natural gas (RNG) agreement.
Consortia Eye Citgo's Texas Refinery Ahead of Auction Deadline, Sources Say
Energy producers, refiners, investment funds and bankers increasingly have shown interest in the Venezuelan-owned company's Corpus Christ, Texas, complex during a marketing process organized by a U.S. court in Delaware.
Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
Pipeline operator Williams said on Wednesday a Louisiana court has ruled in its favor in a dispute with its rival Energy Transfer over a pipeline construction.
TC Energy Shareholders Approve Spin-Off of North American Oil Pipeline Business
TC Energy shareholders voted in favor of spinning off the Canadian company's liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp. whose assets include the Keystone oil pipeline.
Entergy Texas Plans New Natural Gas Power Plants to Address Growing Electricity Demand
Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.
Ugandan Activist Detained Over Opposition to TotalEnergies Oil Pipeline, Pressure Group Reports
A Ugandan activist campaigning to stop the development of a $5 billion crude oil pipeline in east Africa by France's TotalEnergies and others has been detained by Uganda's military, the group he works for said on Wednesday.
Kinetik Completes Sale of Equity Stake in Gulf Coast Express Pipeline
Kinetik Holdings Inc. has announced the completion of its previously announced sale and direct transfer of its 16% equity interest in the Gulf Coast Express pipeline to an affiliate of ArcLight Capital Partners LLC for $510 million.
U.S. Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says
The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy Secretary Jennifer Granholm told Reuters on Tuesday.
Pantheon Resources Signs Natural Gas Sales Agreement with Alaska LNG Developer
Pantheon Resources said on Tuesday it had signed an agreement establishing the terms for future sales of its natural gas to a unit of state-backed Alaska Gasline Development Corporation.
Enbridge Adds 21,000 Miles of Gas Pipelines to Network with Questar Gas Company Acquisition
Questar Gas's asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.
Saudi Aramco Explores LNG Ventures with U.S. Firms Tellurian, NextDecade, Sources Say
Oil giant Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate LNG projects as the Saudi firm seeks to boost its gas trading and production, three sources close to the talks told Reuters.
TotalEnergies Secures New LNG Contracts in Asia
TotalEnergies has announced the signing of two new liquefied natural gas (LNG) contracts in Asia, as part of its strategy to expand its LNG business.
Enterprise Launches Open Season for Expanded Diluent Service on TE Products Pipeline
Originating in Mont Belvieu, Texas, the pipeline stretches to the Chicago-area market, providing access to third-party pipelines facilitating diluent transport to Canada. The open season aims to accommodate heightened shipper demand without disrupting existing operations.
Luxfer Introduces G-Stor Hydrosphere for Advanced Hydrogen Transportation
Developed for safe and sustainable hydrogen transportation via virtual gas pipelines, the G-Stor Hydrosphere range offers significant capacity and energy delivery.
Verde Clean Fuels Taps Chemex Global for Natural Gas-to-Gasoline Facility Design
Verde Clean Fuels Inc. has enlisted Chemex Global LLC to lead the front-end engineering and design phase for a proposed natural gas-to-gasoline facility in the Permian Basin.
Czech Republic Set to Ditch Russian Oil by Mid-2025, PM Announces Pipeline Upgrade
The Czech Republic will end its use of Russian oil no later than the first half of 2025 as state pipeline firm MERO completes a capacity upgrade on the Transalpine Pipeline, Prime Minister Petr Fiala said on Tuesday.
Hydrogen-Blend Pipelines: Repurposing Requires Effective Data-Gathering Methods
National Gas Transmission's Project Union aims to repurpose 1,243 miles of UK gas pipelines for hydrogen transport by the early 2030s, using advanced GIS and automated data extraction for effective integrity management.
U.S. LNG Exports Rise in May as Freeport LNG Returns to Production
U.S. exports of LNG rebounded in May as Freeport LNG, the country's second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed.
U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. is buying another 3 million barrels of oil for the country's Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022.
Russia's May Pipeline Gas Exports to Europe Surge 39%, Data Shows
Russian energy giant Gazprom's average daily natural gas supplies to Europe in May rose by 7.3% from April and 39% year on year, Reuters calculations showed on Monday.
Chinese Refiner Rongsheng Buys First Canadian TMX Crude Oil Cargo
Chinese refiner Rongsheng Petrochemical has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline from TotalEnergies through a tender, several trade sources said on Monday.
Kinder Morgan Maintenance Workers Injured in Gas Line Rupture at Corpus Christi Refinery
A gas-line rupture at a Corpus Christi refinery led to the closure of Up River Road and McBride Lane and prompted a shelter-in-place order, 3NEWS reported last week.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- 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
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
