Business & Markets
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.
North Dakota Regulator Rejects Summit Carbon Solutions Carbon Pipeline Application
The North Dakota Public Service Commission on Friday rejected a permit application from Iowa-based Summit Carbon Solutions to run 320 miles (514.99 km) of pipeline through the state to transport captured carbon dioxide from ethanol plants to an underground storage site.
Plains All American Tops Estimates, Sees 2023 Earnings Near High End of Guidance
Plains All American on Friday posted earnings above estimates and said it expects full-year profit at the top end of the pipeline operator's previous guidance, citing higher crude oil volumes.
Trans Mountain Expansion Project to Start Filling Pipeline This Fall
The Trans Mountain Expansion (TMX) project is expected to call on oil producers to start filling the pipeline as soon as this month, the president of major shipper Canadian Natural Resources Ltd. said on Thursday.
Benin's 1,200-Mile Niger Pipeline Project Unaffected by Sanctions Over Coup
Benin said on Thursday that work on a major oil pipeline linking it with neighboring Niger has not been impacted by sanctions imposed on Niamey by leaders of West Africa's regional bloc over last week's military coup, although it could mean a delay.
ConocoPhillips Signs 20-Year LNG Supply Deals with Mexico Pacific
ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said on Thursday.
Pipeline Operator Williams Companies Beats Q2 Profit Estimates on Higher Natural Gas Volumes
Williams Companies, a pipeline operator, exceeded second-quarter profit estimates driven by increased natural gas transportation volumes and benefits from certain acquisitions.
SGN Project to Repurpose UK Gas Pipeline to Carry Hydrogen Gets Green Light
The $38 million project will trial 100% hydrogen gas through a 30-km (19-mile) decommissioned gas pipeline between Grangemouth and Granton in Scotland.
India's GAIL Close to Finalizing Qatar LNG Purchase Deal
The deal would be part of GAIL's plans to lock in new supply contracts by 2030 to diversify its gas imports and hedge against supply disruptions like those seen after Russia's invasion of Ukraine last year, when LNG prices surged to a record high.
Wood Completes FEED Studies for 2,000 Miles of Low Carbon Pipeline Projects in North America
(P&GJ) — Wood has announced that it is delivering concept and front-end engineering and design (FEED) studies for nearly 2,000 miles of onshore low-carbon pipelines in North America.
LNG Terminal Developer Crown to Go Public via $685 Million SPAC Deal
Crown LNG Holdings, which develops LNG terminals to operate in harsh weather conditions, has agreed to go public in New York by merging with a blank check firm in a deal that values the combined company at $685 million.
Strathcona to Acquire Rival Pipestone Energy, Forming Canada's 5th-Biggest Oil Company
Canadian oil producer Strathcona Resources on Tuesday said it will go public by acquiring smaller rival Pipestone Energy Corp. in an all-stock deal to create a combined business with a market capitalization of $6.49 billion.
US Shale Firm CEO Predicts $80-$100 a Barrel of Oil Through 2024
Oil prices will range between $80 and $100 a barrel this year and next as demand outpaces supply, Scott Sheffield, chief executive officer of top shale firm Pioneer Natural Resources, said on Wednesday, citing output cuts by Saudi Arabia and underinvestment by U.S. producers.
Venezuela Appoints New Gas Vice President at State Company PDVSA
Venezuela has appointed a new vice president at PDVSA who will lead the state company's gas operations, a key move as the South American country negotiates licenses with foreign companies to develop its mostly untapped natural gas reserves.
US Pulls Back Offer to Buy 6 Million Barrels of Oil for Emergency Reserve
The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep rising after an output cut from Saudi Arabia.
Chesapeake Energy Profit Slides on Lower Natural Gas Prices
Chesapeake Energy on Tuesday posted a fall in second-quarter profit due to lower natural gas prices and production.
Israel Energy Minister Backs More Natural Gas Exports
Israel's energy minister said on Wednesday that more of the country's natural gas reserves should be earmarked for export, amid renewed interest in offshore exploration and an ongoing debate on whether the gas should be kept for domestic use.
Pipeline Operator TC Energy Plans to Complete Coastal GasLink Pipeline This Year
TC Energy's surprise plan to split the company last week accelerated a stock selloff. Still, shareholders bet the North American pipeline operator will finish the year on a higher note by completing the 670-km (416-mile) Coastal GasLink pipeline.
Criteria to Consider in Selecting Water Transfer Flow Meters
(P&GJ) — The oil and gas industry contains a complex number of flow applications, featuring a myriad of fluids and gases that challenge even the toughest of flow instrumentation. So, choosing the right flow meter for a water transfer application should be straightforward in comparison … right?
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
