Business & Markets
Natural Gas Producer Chesapeake to Complete Eagle Ford Basin Exit with Silverbow Deal
Chesapeake said last year it viewed the Eagle Ford acreage as no longer core to its strategy and would focus on the gas-rich Marcellus and Haynesville shale formations.
Permian Operators Look to Carry the Load
(P&GJ) — Midstream projects in the region continue more-or-less undeterred with more than 8 Bcf/d of pipeline capacity planned or under construction from the Permian and Haynesville basins as operators lock in on expanding LNG export markets on the Texas and Louisiana Gulf Coasts.
US Appeals Court Rejects Challenge to Mountain Valley Pipeline
A U.S. appeals court on Friday rejected a challenge to federal approvals for the Mountain Valley Pipeline, in a decision that likely ends legal fights over the construction of the $6.6 billion natural gas project led by Equitrans Midstream.
Oil Prices Fall 2% Despite Record US Crude Stock Drawdown
Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of the U.S. government's top credit by a major ratings agency.
Australia Regulator Clears Way for Strike Vote at Chevron LNG Plants
Australia's labor regulator cleared the way for strike action at Chevron's Wheatstone and Gorgon LNG facilities if workers vote in favor of such a step, fueling concerns the country's exports could be cut.
US Awards $1.2 Billion to Oxy, Climeworks-Led Carbon Air Capture Hubs
The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology.
Haynesville Riding LNG Wave to Gulf Coast
(P&GJ) — With the primary driver of U.S. natural gas demand growth continuing to be LNG exports, the bottlenecked pipeline takeaway capacity in the gas-rich Marcellus Shale has left the Haynesville shale, along with the Permian Basin, as the two regions with the most consistent midstream growth.
Argentina's Neuquen Hits Oil Export Record with Vaca Muerta Boost
In June, Neuquen, Argentina, exported a record 2.77 million barrels of oil, fueled by higher Vaca Muerta formation production. With a newly active pipeline linking Neuquen to Buenos Aires since early July, the region is poised for increased natural gas transport.
Italy's Saipem Wins Two Contracts with Eni, BP Worth $700 Million
Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP, worth a total of around $700 million.
Pavilion Energy, CNOOC Complete First Bunker Delivery to LNG-Powered VLCC
Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first LNG ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.
Top US Shale Firms Slightly Raise Oil Output, Struggle for Significant Growth
Favoring earnings over higher production has helped U.S. companies deliver strong profits with modest volume increases. The OPEC producer group's cuts have helped keep prices above $70 a barrel for most of the year.
Planned Strike at Woodside, Chevron Australian Facilities Sparks Concern Over LNG Supply
Workers at Woodside Energy Group and Chevron's LNG facilities in Australia voted to strike on Wednesday, industry sources and Australian media reported, sending European gas prices higher on concern over supplies.
Vision RNG, Meridian Waste Launch Landfill Gas to Renewable Natural Gas Project in Missouri
(P&GJ) — Vision RNG has announced that its Landfill Gas to Renewable Natural Gas (RNG) project at Meridian Waste’s Eagle Ridge Landfill in Bowling Green, Missouri is now fully operational.
Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
Canada is looking to sell a stake in the Trans Mountain oil pipeline to indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise, Bloomberg News reported on Tuesday.
Dana Gas Receives $80 Million from Iraq's Kurdistan Region
United Arab Emirates energy firm Dana Gas said on Wednesday it had received $80 million from the Kurdistan Regional Government (KRG) in Iraq, which for over a decade has sometimes struggled to make payments on time.
ADNOC Gas Awards $3.6 Billion Contract to Expand UAE Gas Processing
State oil giant Abu Dhabi National Oil Company's gas unit, ADNOC Gas, said on Wednesday it awarded a $3.6 billion contract to expand its gas processing infrastructure in the United Arab Emirates.
Poland Successfully Repairs Leaked Druzhba Oil Pipeline
Polish pipeline operator PERN said on Tuesday that it had restored the Druzhba oil pipeline to full functionality as expected after discovering a leak.
Challenges to Biden's Carbon Plan Emerge from U.S. Power Sector
Edison Electric Institute has asked the U.S. Environmental Protection Agency for revisions of the proposed power plant standards, which hinge on the widespread commercial availability of carbon capture and storage and low-emissions green hydrogen, adding the agency's vision was "not legally or technically sound."
Venture Global LNG Addresses Controversy Surrounding Delayed LNG Cargoes
Venture Global LNG responded strongly on Monday to allegations from certain customers such as BP and Shell regarding the delay in LNG shipments from its Louisiana export facility, accusing them of distorting confidential long-term agreements.
New Fortress Energy Plans to Launch Second and Third Fast LNG Units in 2025
New Fortress Energy Inc. announced on Tuesday that it is currently constructing the second and third production units for its Fast LNG technology. The company anticipates these units to become operational in the first quarter of 2025.
Norway Approves Connection of Western Europe's Largest LNG Plant to Grid
Norway has approved a plan to connect Equinor's Hammerfest LNG plant to the national power grid in a bid to cut greenhouse gas emissions, despite local opposition, the government said on Tuesday.
Energy Transfer Reports Lower Q2 Earnings, Weighed by Natural Gas Prices
Last week, U.S. midstream company Energy Transfer reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago.
Sempra Exceeds Profit Expectations as LNG Expansion Propels Growth
Sempra has strategically positioned LNG as a burgeoning sector within its portfolio and is making noteworthy strides in expanding its LNG infrastructure, with key projects in the pipeline. Among these ventures is the Costa Azul LNG export plant in Mexico, which is on track to contribute to Sempra's LNG growth strategy.
Analysis: Surging U.S. Crude Oil Exports Disrupt European, Asian Prices
Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows.
Pipeline Operator Magellan Sees US Crude, Fuel Exports Rising
Pipeline operator Magellan Midstream Partners said on Thursday it expects exports of U.S. crude and refined products to grow on increasing global demand for U.S. energy.
Williams and Chattanooga Gas Partner to Deliver Certified Low-Emission NextGen Gas
(P&GJ) — Williams has entered into an agreement with Chattanooga Gas, a subsidiary of Southern Company Gas, to provide certified, low-emissions NextGen Gas over a three-year period.
Sypris Wins Award for Venture Global's CP2 LNG Terminal and Express Gas Pipeline
(P&GJ) — Sypris Technologies Inc. has won an award for specialty high-pressure closures for use in the Venture Global CP2 LNG export terminal and the Venture Global CP Express natural gas pipeline project.
EIA: U.S. Natural Gas Exports to Mexico Hit Monthly Record in June
U.S. natural gas pipeline exports to Mexico averaged around a record of 6.8 Bcf/d in June, driven by hot weather, which increased demand in Mexico's electric power sector, the Energy Information Administration (EIA) said on Thursday.
Canada Guarantees Up to $2.2 Billion in Fresh Loans to Trans Mountain Expansion Project
A Canadian government agency has guaranteed fresh commercial loans of up to $2.2 billion to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.
Poland Detects Leak in Russia's Druzhba Oil Pipeline
Polish pipeline operator PERN said it had halted pumping through a section of the Druzhba pipeline, which carries oil from Russia to Europe, after detecting a leak in central Poland on Saturday, but it expects flows can be resumed on Tuesday.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
