Business & Markets
Report: Santos to Sell 5% Stake in PNG LNG for $1.1 Billion
Santos Ltd. has agreed to sell a 5% stake in PNG LNG to Papua New Guinea's state-owned Kumul Petroleum for $1.1 billion in a deal to be announced on Tuesday, the Australian Financial Review reported late on Monday.
Pressure in Defunct Nord Stream 2 Pipeline Plunges Overnight, Cause Unknown
Authorities in Germany are trying to establish what caused a sudden drop in pressure in the defunct Nord Stream 2 gas pipeline, with a spokesperson for its operator telling Reuters on Monday it could have been caused by a leak.
German Utility RWE Inks LNG Deal with ADNOC
German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver LNG to Europe's largest economy by the end of December, RWE announced on Sunday.
Equinor Strikes 10-Year Deal to Sell Gas to Poland's PGNiG
Norway's Equinor said on Friday it had entered into a 10-year agreement to sell natural gas to Poland's PGNiG as the central European nation scrambles to replace flows from Russia before the winter heating season kicks in.
Greece's Sole LNG Terminal Ramps Up Imports to Replace Russian Gas
Greece has cut Russian gas imports by more than half this year thanks to increased deliveries from other producers to its sole LNG terminal near Athens, the country's gas grid operator said on Thursday.
Egypt Reports $500 Million Monthly Income from Natural Gas Exports
Egypt is earning about $500 million monthly from natural gas exports and aims to raise that figure to $1 billion "in the coming period," Finance Minister Mohamed Maait said in a statement on Thursday.
Argentina Readies Legislation to Advance Energy Sector, Including LNG Exports
Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's LNG agenda.
Pieridae Advocates for TC Energy’s Pipeline Expansion Plan for Goldboro LNG Project
Pieridae Energy has asked the federal government to help ensure pipeline operator TC Energy would be able secure permits to expand gas supply pipelines in a timely fashion for the Goldboro LNG project, which it said can only go ahead if TC expands capacity on its existing pipeline network.
Sources: RWE, Uniper Close to Long-Term LNG Deals with Qatar
German utilities RWE and Uniper are close to striking long-term deals to buy LNG from Qatar's North Field expansion project to help replace Russian gas, three sources familiar with the matter said.
Portugal to Face Supply Shortage If Nigeria Fails to Deliver All LNG Due
Portugal could face supply problems this winter if it does receive all of the LNG it is due from Nigeria, the European Union country's environment and energy minister said on Monday.
Russia’s Gazprom Loads First Cargo from New Portovaya LNG Plant
Russia's energy giant Gazprom has loaded its first cargo from the Portovaya LNG plant close to the Russia-Finland border, which has a capacity of 1.5 million tonnes per annum.
Gas Companies Working 'Urgently' to Expand France-Spain Pipeline
Spanish gas system operator Enagas said on Thursday it was working "urgently" with French counterpart Terega on increasing the capacity of a cross-border pipeline as Europe scrambles to shore up its energy supplies.
Explainer: Why Western Canada Has Some of the Cheapest Natural Gas in the World
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the largest storage facilities in North America and where the benchmark price for Canadian gas is set.
Blue Hydrogen Projects Projected to Exceed 2030 Targets in UK
(P&GJ) — The latest analysis from research and consultancy firm Westwood Global Energy Group showed that blue hydrogen projects account for over 16 GW of total announced hydrogen capacity in the U.K. and Norway, equivalent to approximately 90% of the hydrogen projects total for the same region.
Eni CEO: Italy Must Increase LNG Capacity in 2023
Descalzi said the state-controlled group, which last year imported about 21 billion cubic meters (Bcm) of gas from Russia out of a total of 29 Bcm imported by Italy, will replace little more than 50% of Moscow's supplies starting from this winter.
Pipeline Bottlenecks Force Canada’s Tourmaline, Kelt Exploration to Reduce Production
Two Canadian natural gas producers on Monday said they had temporarily reduced production due to pipeline bottlenecks that led to a collapse in western Canadian gas prices in the second half of August.
EPA Approves First-of-its-Kind Permanent Carbon Sequestration Plan in Permian Basin
(P&GJ) — Stakeholder Midstream's Pozo Acido well’s proximity to the most prolific interstate CO2 pipelines in the United States, such as Kinder Morgan's Cortez pipeline, allows Stakeholder to provide carbon sequestration to third parties in the Permian Basin and beyond.
Sustainability: Energy Company ESG Efforts
(P&GJ) — Late in 2021, a global energy think tank at Columbia University held a private workshop with representatives from the national and international oil, financial, consulting and nongovernment organization (NOC) sectors, along with academia, to better understand the dynamics and impact of the global sustainability movement on the energy space.
Turkmenistan Pipe Dreams: Russia, China Both Make Overtures
(P&GJ) — Russia’s invasion of Ukraine has quickly transformed the West’s relationship with Russia. It’s forged Russia’s closer alignment with China. It seems that 2022 is becoming the year when everyone is rethinking the circles of power, especially in Eurasia.
Analysis: Pyrenees Gas Pipeline Puts EU Energy Divisions in Stark Relief
French skepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe's future energy mix as the continent urgently confronts a power crisis.
Aemetis Completes 20 Miles of California RNG Pipeline
(P&GJ) — Aemetis completed 20 miles (32 km) of renewable natural gas (RNG) pipeline and received approval for construction of an additional 19 miles (31 km) in Merced County, California, with project completion set for the fourth quarter of 2022.
Slovak’s SPP Inks LNG Supply Deal with Exxon
Slovakia's national gas importer SPP has signed an LNG supply deal with Exxon Mobil, SPP said on Thursday, as Europe races to secure alternatives to Russian gas.
Reducing Carbon Footprints at Oil, Gas Infrastructures
(P&GJ) — The energy and resources industry is undergoing one of the most significant shifts in generations. This transition is toward green energy – or renewable energy created from natural resources – that does not release greenhouse gas (GHG) emissions during production.
Big Decline in Global Oil Production Capacity Surplus Cited
(P&GJ) — Preliminary estimates from EIA’s Global Surplus Crude Oil Production Capacity shows, as of May 2022, surplus capacity in non-OPEC (Organization of the Petroleum Exporting Countries) countries decreased by 80% compared with 2021.
Expect 9 GOM Natural Gas, Oil Fields to Start Up Soon
(P&GJ) — The Energy Information Association (EIA) forecasts that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal Offshore Gulf of Mexico (GOM) by the end of 2023.
Gas Producer EQT Expected to Buy THQ Appalachia for $5.2 Billion
The deal, expected to close in the fourth quarter, will add an estimated 800 MMcf/d of gas equivalent production for EQT, and includes pipeline infrastructure supporting that production, the company said.
Shell, Exxon to Place $1.5 Billion Natural Gas Venture Up for Sale
The top two Western energy giants could raise over $1 billion from the sale of the 50-50 NAM joint venture in the Netherlands, which has stakes in three gas processing plants in the Den Helder Terminal where 53% of all gas produced in the Dutch offshore is processed, as well as stakes in several pipeline networks.
UGI to Develop New Renewable Natural Gas Project in Upstate New York
Once completed in the second half of calendar year 2024, the project is expected to produce approximately 150 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system.
France to Resurrect Abandoned Pipeline to Supply More Winter Gas to Germany
France is reactivating a disused pipeline in its northeastern Moselle administrative department, originally built for east-to-west flows, to send Germany gas under an energy deal unveiled by President Emmanuel Macron, according to French officials.
EU Chief Intends to Cap Price of Russian Pipeline Gas
Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines and offer support to electricity producers facing a liquidity squeeze, the EU's chief said on Monday.
- 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
