Business & Markets
US Senate Bill Could Deal Significant Blow to Biden’s Anti-Drilling Pledge
U.S. President Joe Biden's vow to end federal oil and gas drilling could be axed by a $430 billion spending bill proposed by U.S. Senate Democrats. If it passes, it would effectively guarantee continued drilling rights auctions on federal lands and waters for at least another decade.
Sakhalin Energy Asks LNG Buyers to Pay Via Moscow Bank
Russia's Sakhalin Energy Investment Co. has asked its LNG customers to pay for supplies via a Moscow unit of a European bank, a source familiar with the matter told Reuters on Friday.
Italy's Eni Expects to Replace Russian Gas by 2025
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
Enbridge Set to Invest $1.5 Billion in Pacific Energy's Woodfibre LNG Project
Canada's Enbridge Inc. said on Friday it will invest $1.5 billion in the joint construction and operation of the Woodfibre LNG project and also said it will spend an additional $2.1 billion on new projects, including expansions of its British Columbia and Texas gas pipeline systems.
CapturePoint Submits Proposal to Build Carbon Capture Facility in Louisiana
Privately-backed CapturePoint LLC has applied to build a carbon capture storage facility in Rapides Parish, Louisiana, roughly 90 miles north of Lafayette, according to a filing with the Environmental Protection Agency.
Perspective: Rebalancing Texas’ Grid the Right Way
On the afternoon July 11, the part of the Texas electric grid managed by the Electricity Reliability Council of Texas (ERCOT) produced roughly 80,000 megawatts (MW) of electricity.
Bulgaria Secures Deal to Receive US LNG Gas Deliveries from October
Bulgaria has secured seven cargo shipments of U.S. LNG from October to ensure gas inflows in the winter, outgoing Prime Minister Kiril Petkov said on Thursday, adding the deal still had to be confirmed by the next government by Aug. 19.
Archaea Signs 5-Year Renewable Natural Gas Agreement with UGI Utilities
Archaea Energy Inc., an industry leading renewable natural gas (RNG) company, said on Wednesday it has entered a medium-term RNG purchase and sale agreement with Pennsylvania-based natural gas and electric company UGI Utilities Inc.
TC Energy Hikes 416-Mile Gas Pipeline Cost 70% to Nearly $9 Billion
TC Energy Corp. said it expects its Coastal GasLink pipeline project to cost $8.72 billion, nearly 70% higher than initially budgeted. First announced in 2018, the 416-mile pipeline is being built to transport natural gas across Canada.
US Natural Gas Futures Hold Steady Ahead of Storage Report
U.S. natural gas futures held steady on Thursday as the market waits for direction from a federal report expected to show a smaller than usual storage build last week as power generators burned lots of gas to keep air conditioners humming.
Algeria, Niger and Nigeria Sign Deal for $13 Billion Saharan Gas Pipeline
Algeria, Nigeria and Niger have signed a memorandum of understanding to build a natural gas pipeline across the Sahara Desert, Algeria's energy minister said on Thursday.
PM Sanchez: Spain Has Capacity to Become Gas Hub in Europe
Spain has the capacity to become a gas hub for Europe to help support regional efforts to curb dependence on Russian gas, Spanish Prime Minister Pedro Sanchez told a news conference with his Polish counterpart on Wednesday.
Australian Unions Extend Strike at Shell's LNG Facility
Unions extended industrial action on Tuesday until Aug. 11 over a long-running wage dispute at Shell Plc's Prelude floating liquefied natural gas facility.
NextDecade Strikes 20-Year LNG Supply Deal with Exxon Mobil
NextDecade Corp. has entered a 20-year sale and purchase agreement with an affiliate of Exxon Mobil for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
EIA: US Becomes Top LNG Exporter in First Half of 2022
The United States became the top LNG exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis.
Cheniere Inks 20-Year LNG Supply Deal with Thailand’s PTT
Cheniere Energy Inc. has entered an agreement to supply 1.0 MTPA of LNG for 20 years beginning in 2026 to a subsidiary of PTT Public Co. Ltd., Thailand’s largest state-owned energy company, to supply.
Brazil's Unigel Secures $120 Million Investment for Green Hydrogen Project
Brazilian chemical maker Unigel has announced plans to build a green hydrogen plant in the northeastern state of Bahia and has secured an initial investment of $120 million, with the goal of making it one of the largest of its kind in the world.
NTT to Study Hydrogen Transportation Through Existing Pipelines
NTT Anode Energy Corp. has launched a research and development project to study safety measures for the mass transportation of hydrogen through existing pipeline infrastructure.
Snam, Edison Team Up to Develop Small-Scale LNG Market in Italy
Italy's gas infrastructure group Snam and France's EDF unit Edison said on Monday they signed a memorandum of understanding to work together to develop small-scale LNG.
Chancellor Scholz: Selling Germany Hydrogen a Big Opportunity for Egypt and The World
Germany and Egypt have agreed to cooperate on building out the hydrogen economy as part of Europe's efforts to diversify away from its current dependence on Russian gas, German Chancellor Olaf Scholz said after meeting with the Egyptian President.
Keystone Pipeline Disruption Seen as Having Low Impact on Oil Deliveries
Reduced flow rates on the 590,000 barrel-per-day Keystone pipeline are having only a slight impact on oil deliveries, analysts at consultancy Wood Mackenzie said last week, following operator TC Energy's decision to declare force majeure.
EU Pursuing Gas from Nigeria in Preparation for Russian Supply Cuts
The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.
FERC OKs Natural Gas Pipeline Projects Aimed at US Exports
In the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects intended to increase U.S. natural gas exports via pipeline and as liquefied natural gas (LNG).
Taking a Look at 5 Opportunities in a Hydrogen Economy
The United States and many other countries have set goals to reach carbon neutrality by 2050 or sooner. To achieve this end, entire economies will need to be decarbonized.
Can US Port Infrastructure Handle More Crude Exports?
U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U.S. export infrastructure.
Pipelines Flow Small Amounts of Natural Gas to Shuttered Freeport LNG Plant in Texas
Small amounts of natural gas were flowing from interstate pipelines to Freeport LNG's shuttered liquefied natural gas export plant in Texas this week.
Eni to Receive Increased Gas Volumes from Gazprom
Eni said on Thursday it would receive about 36 million cubic meters of gas from Russia's Gazprom, up from the daily average volumes of the last 10 days.
Russia to Resume Gas Flows on Nord Stream 1 at 30% Capacity
The head of Germany's energy regulator on Wednesday said the Nord Stream 1 pipeline would resume at around 30% capacity when its maintenance period ends on Thursday.
Cheniere Strikes LNG Supply Deal with PetroChina International
Cheniere Energy Inc. has entered into a long-term LNG sale and purchase agreement to supply up to approximately 1.8 million tonnes per annum of LNG to a subsidiary of PetroChina.
Germany Plans to Build Fifth Floating LNG Terminal by Year End
A fifth floating LNG terminal, to be located about 250 km (155 miles) north of Berlin, will be built by a private consortium, in addition to the four already planned by the government, the country's economy ministry said on Tuesday.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- 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
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
- Macquarie, Dow Launch $2.4 Billion Gulf Coast Pipeline Infrastructure Partnership
