Business & Markets
Shell, Petronas Partner to Develop Gas Fields Offshore Malaysia
Shell Plc on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country's waters.
Natural Gas Compression Empowering Energy Evolution
Natural gas plays a vital role in our society, both as a raw material for numerous industrial processes and as a source of energy that is fundamental to social progress.
Activists, Fishermen Argue Rio Grande LNG Terminal Permit is Too Obliging to Industry
Environmental groups and fishermen on Wednesday told a federal appeals court the U.S. government’s permitting for a Gulf Coast natural gas export terminal was too accommodating to industry interests at the expense of wetlands.
Senegal’s President: Phase 2 of Greater Tortue Gas Project Needs $5 Billion
The second phase of Senegal's Greater Tortue Ahmeyim gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday.
Italgas Completes DEPA Infrastructure Deal, Acquires 4,700 Miles of Gas Network
The Italian group, which runs about 74,000 km (46,000 miles) of regulated gas pipelines, clinched the deal last year and said it would invest $8.6 billion to 2028 to expand and digitize the Greek gas grid DEPA Infrastructure, which holds stakes in Greece's three main gas distribution operators, which together manage 7,500 km (4,700 miles) of gas network.
South East Europe, Balkans Get Ready for US LNG Shipments
(P&GJ) — The 105 Bcf/year (3 Bcm/year) Interconnector Greece Bulgaria (IGB) pipeline is expected, after long delays, to become operational this autumn, allowing Bulgaria to access more LNG via Greece. The timing could not have been better; Gazprom recently cut off all supplies to Bulgaria following Sofia’s refusal to pay for Russian gas in rubles.
Equinor, Wintershall Dea Consider Building 560-Mile Pipeline to Capture CO2 Under North Sea
Equinor and Wintershall Dea eye the construction of a 900-km (560-mile) long pipeline to transport CO2 from northern Germany to storage sites offshore Norway before 2032. The pipeline is expected to have a transport capacity of 20 million to 40 million tonnes of CO2 per year.
Liquid Fuels Production Expected to Grow in Brazil, Canada
In the U.S. Energy Information Administration’s (EIA’s) Short-Term Energy Outlook (STEO), liquid fuels production in Brazil, Canada and China is forecast to increase this year and next, contributing to growth in overall non-OPEC (Organization of the Petroleum Exporting Countries) petroleum production.
Tokyo Gas Inks Long-Term LNG Deal with New Sakhalin-2 Operator
Japan's biggest city gas supplier Tokyo Gas Co Ltd. has signed a long-term contract with a new Russian operator of Sakhalin-2 energy project to buy LNG, a spokesperson for the Japanese company said on Tuesday.
Wintershall Dea CEO: 'Insane' Prices Will Make People Abandon Gas
Wholesale gas prices have scaled "insane" levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the CEO of German oil firm Wintershall Dea said on Tuesday.
Bulgaria Agrees to Double Reserve Capacity at New Greek LNG Terminal
Bulgaria has reached an agreement in principle to double its reserved capacity at a new LNG facility to be built off the northern Greek port of Alexandroupolis, the interim energy minister said on Monday.
Europe Imported Record Amounts of LNG
The European Union and United Kingdom’s level of liquefied natural gas (LNG) imports set a record high in April 2022, averaging 16.5 Bcf/d (467 MMcm/d) monthly and exceeding 19 Bcf/d (538 MMcm/d) on some days in April.
Australia's Santos to Spend Extra $311 Million for Barossa-Darwin Gas Pipeline
Australia's Santos Ltd. said on Monday it would spend an additional $311 million to build a new pipeline to transport gas from its offshore Barossa field to its Darwin LNG plant in the Northern Territory.
Exxon to Sell Arkansas Shale Gas Assets to Flywheel Energy
The assets under agreement include approximately 5,000 natural gas wells — 850 operated and approximately 4,100 non-operated — and related pipeline and processing properties across approximately 381,000 acres.
TotalEnergies Sells 49% Stake in Russian Gas Field to Novatek
TotalEnergies agreed to sell to Novatek its 49% interest in Russia’s Termokarstovoye gas field back in July based on the company’s publicly shared principles of conduct for its Russian related business.
Pipeline Operator Gail Says India in Talks with Russia to Resume Gas Supply Deal
India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd., the state-run Indian company's chairman said at an annual shareholder meeting on Friday.
Occidental to Begin Construction on Direct Air Carbon Capture Facility in Permian Basin
The direct air capture plant will be the world’s largest of its kind and is expected to capture up to 500,000 metric tons of carbon dioxide per year once operational with the capability to scale up to 1 million metric tons per year.
Amazon Signs Green Hydrogen Supply Deal with Plug Power
Plug Power Inc. has signed a deal with Amazon.com Inc. to supply liquid green hydrogen, the companies said on Thursday, sending the hydrogen fuel cell maker's shares up over 12% in early trade.
Energy Transfer Inks 20-Year LNG Supply Deal with Shell
Energy Transfer LP has entered a 20-year deal to supply 2.1 million tonnes of LNG per year to Shell Plc related to its Lake Charles LNG project, marking the company's sixth LNG agreement in the last five months. This latest deal brings the total amount of LNG contracted from the Lake Charles LNG export facility to nearly 8 MTPA.
Inpex, Woodside, TotalEnergies Score Acreage for CCS Studies Offshore Australia
Australia has awarded Japan's Inpex Corp., France's TotalEnergies and Woodside Energy Group offshore acreage permits for assessing carbon emissions storage as the government pushes to speed up emissions reductions.
FERC Grants Mountain Valley Four-Year Extension to Build 303-Mile Pipeline
U.S. environmental group the Sierra Club said on Wednesday the Federal Energy Regulatory Commission (FERC) had approved the Mountain Valley Pipeline's (MVP) request for four more years to build the natural gas line from West Virginia to Virginia.
Shell, Shenergy Form JV to Establish Hydrogen Distribution Hub in China
Shell (China) Ltd. and Shenergy (Group) Co. Ltd. have agreed to form a joint venture to build a network of hydrogen refueling stations in Shanghai, Shell’s first hydrogen refueling network in Asia.
CPC Terminal Repairs to Delay Russian, Kazakh Crude Exports
Russian and Kazakh oil exports via the Caspian Pipeline Consortium's (CPC) Black Sea terminal face at least one month's disruption each once repairs begin on two of its three single mooring points, CPC confirmed on Tuesday.
Freeport LNG Expects to Resume Partial Operations in November
Freeport LNG Development LP said on Tuesday it expects to resume partial operations at the liquefaction facility in early to mid-November.
Broker Marsh Unveils First Insurance Facility for Hydrogen Projects
Developed with insurers American International Group and Liberty Specialty Markets, Marsh said the new facility would provide up to $300 million of cover per risk for the construction and start up phases of hydrogen projects globally.
Canada Examines Feasibility of Direct LNG Exports to Europe
Canada is exploring ways to see if there is a business case to export LNG directly to Europe from its east coast, Prime Minister Justin Trudeau said on Monday.
Canada Says Hydrogen Better Than LNG for German Needs
Providing clean hydrogen to Germany and the rest of Europe is a better opportunity for Canada than trying to build LNG terminals, Canada's natural resources minister said last week, but it would require the construction of a new pipeline to transport the gas from Alberta to Europe.
Help Wanted: Oil Patch Operators Need Quality Workers
This spring, Lynn Helms, who has been North Dakota’s chief oil and natural gas regulator for nearly three decades, abandoned his usual bullish outlook toward the state’s more than 1 MMbpd of oil and 3 Bcf/d (85 MMcm/d) of gas production while speaking at a monthly webinar he holds for news media.
Tellurian Completes $126 Million Acquisition of Haynesville Natural Gas Assets
Tellurian Inc. subsidiary Tellurian Production LLC said on Thursday it has closed the previously announced acquisition of certain assets in the Haynesville Basin from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners LLC.
Executive Profile: Advocating for Natural Gas, Clean Energy Future
(P&GJ) — Former Enbridge and Spectra Energy executive and long-time midstream advocate Susan Waller has taken on the role of executive director of the Natural Allies for a Clean Energy Future.
- 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
