Business & Markets
Chevron Sees LNG Growth Opportunity in Europe on Strong Demand
U.S. oil major Chevron Corp. expects high European prices for LNG to attract a majority of U.S. LNG exports in the short term, a top executive told Reuters on Wednesday.
Germany Receives First Gas Deliveries Directly from France
Germany on Thursday received the first direct gas deliveries from France through a pipeline link under a deal aimed at helping both countries cope with current energy supply problems, the French grid operator GRTgaz said.
Druzhba Pipeline Leak Reduces Russian Oil Flows to Germany
Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said was probably caused by an accident rather than sabotage.
Putin Moots Major Gas Hub in Turkey with Nord Stream Supplies
President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.
Eni CEO: Italy Risks Gas Shortage Without New LNG Terminal
Italy could face a gas shortfall of 5-6 billion cubic meters in the winter of 2023-24 without a new regasification terminal, the CEO of energy major Eni Claudio Descalzi said on Tuesday.
Spain's Cepsa Signs Green Hydrogen Shipping Deal with Rotterdam Port
Spanish oil and gas group Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen from southern Spain to northern Europe, the oil company and the port said on Tuesday, confirming an earlier report by the Financial Times.
US Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15-million-barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.
Shell Focusing Spending on Gas Infrastructure, Supplying LNG Plants
Shell is focusing its short-term investments on new natural gas infrastructure and boosting supplies to existing LNG plants, an executive said on Thursday.
Venture Global to Expand LNG Shipments to German Energy Provider EnBW
(P&GJ) — Under the 20-year sales and purchase agreements signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 MTPA from Plaquemines and CP2 LNG.
CEO: TotalEnergies to Continue Shipping Russian LNG as Long as No EU Sanctions
French energy giant TotalEnergies will continue to ship LNG from Russia as long as there are no European sanctions on the fuel, the company's CEO Patrick Pouyanne said on Wednesday, reiterating a previously stated position.
Sources: Shell, Exxon to Win New Roles in Qatar's LNG Expansion
The North Field South expansion is part of Qatar's ambitious drive to consolidate its position as the world's top LNG exporter, with demand for the fuel growing as Europe scrambles to substitute the Russian pipeline gas that made up almost 40% of the continent's imports.
Gazprom Resumes Gas Exports to Italy Via Austria
Gazprom said the company and its Italian customers had found a solution following regulatory changes in Austria which halted flows entering Italy via a pipeline passing through Tarvisio in the northeast of the country.
Carbon America to Develop Carbon Capture and Sequestration Project in Nebraska
(P&GJ) — Carbon America plans to install carbon capture equipment that will extract CO₂ from the ethanol production process and transfer the gas via a new carbon dioxide pipeline to an underground geologic sequestration site near the plant.
EverGen Infrastructure Nears Completion of GrowTEC RNG Expansion Project
(P&GJ) — The project is finalizing construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month. It is expected to produce 80,000 gigajoules of RNG annually.
New Norway Pipeline to Poland Temporarily Tapping Gas from Germany
The new Baltic Pipe from Norway to Poland, which opened on Saturday, is not yet sending gas from Norway but from Germany instead, Norwegian system operator Gassco said on Tuesday.
Trafigura Exec: Europe May Avoid Gas Disaster This Winter, Next Could Be Worse
Europe may avoid a gas disaster this winter, thanks to signs of demand reduction and solid inventories, but next winter could be worse as the balance of gas will be much less, a top executive at energy trader Trafigura said on Tuesday.
US Producers Boost LNG Exports to Europe Despite Output Constraints
U.S. producers of LNG boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of 2022, Refinitiv Eikon data showed on Monday.
Poland's PGNiG Inks 10-Year Capacity Deal with Klaipeda LNG
Polish gas company PGNiG said on Friday it has secured regasification capacity at Lithuania's LNG terminal in Klaipeda in a 10-year deal.
Belgian, Danish Governments Clear Way for Europe’s First Trial of CO2 Storage in North Sea
(P&GJ) — Ministers from Belgium and Denmark have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their boarders to be permanently stored in a sandstone reservoir 1,800 m (5,905 ft) beneath the seabed of the Danish North Sea.
EU Wants New Transaction-Based LNG Benchmark in Bid to Calm Prices
The European Union wants a new transaction-based benchmark for LNG as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
Analyst: Argentina's Shale Output to Stall Amid Bottlenecks
The Vaca Muerta shale region in the Neuquen province needs more drilling rigs, hydraulic fracturing fleets and natural gas pipelines transport to continue growing, said Alexandre Ramos, Rystad Energy's vice president of shale research.
Expert Keynote Speakers Talk CCUS and Tax Credits at GEI’s Carbon+Intel Forum
Global experts and professionals in the carbon capture, utilization, and storage (CCUS) space, which is experiencing rapid growth, gathered together Wednesday on day one of Gulf Energy Information’s two-day Carbon+Intel Forum in Houston.
TotalEnergies to Move Forward with Natural Gas Contracts with Russia
TotalEnergies will stick to existing natural gas contracts in Russia as long as gas is not specifically targeted by European sanctions, the company's CEO said on Wednesday, reiterating a previously stated position.
EU Approves $5.2 Billion in State Funding for Hydrogen Projects
(P&GJ) — The European Commission has approved $5.15 billion in public funding for hydrogen projects. The commission claimed that this action could lead to an additional $6.7 billion in private sector investments.
More Than 20 Countries Agree to Boost Low-Emission Hydrogen Output by 2030
More than 20 countries, led by Japan, have agreed to boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030 from 1 million tonnes now, the Japanese industry ministry said on Monday.
RWE, Neptune Energy Award Feasibility Study Contract for North Sea Hydrogen Project
RWE and Neptune Energy have awarded a series of technical feasibility study contract awards to Siemens Gamesa, H2SEA and Enersea to support concept engineering work for the H2opZee offshore green hydrogen project in the North Sea. Transportation to shore of this green hydrogen will be via pipeline.
Mysterious Gas Leaks from Russian Pipelines to Europe Raise Sabotage Fears
Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea on Tuesday and raised concerns from Copenhagen to Moscow about sabotage on infrastructure at the heart of an energy standoff.
Kinder Morgan Sells Half Its Stake in LNG Facility in Georgia for $565 Million
U.S. pipeline operator Kinder Morgan Inc. said it had sold half its stake in an LNG facility in Georgia to an undisclosed buyer for about $565 million and would use the funds to pay short-term debt and buy back shares.
Qatar Says Inflationary Pressures Impacting Oil, Gas Industry
Qatar's Minister of State for Energy Affairs said on Monday that inflationary pressures have led to rising production costs, delays in investment decisions, and increased policy uncertainty in the oil and gas industry.
Tellurian Says Driftwood LNG Deals with Shell, Vitol Scrapped
The company announced the canceled deals a few days after withdrawing a $1 billion high-yield bond sale that would have funded the initial construction of its proposed multibillion-dollar Driftwood LNG plants in Louisiana.
- 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
