Business & Markets
Italy’s Snam Buys Floating Regasification Unit for $400 Million
Italy's Snam has signed a $400-million deal with BW LNG to buy a floating storage and regasification unit (FSRU), the gas grid operator said on Wednesday, as Rome rushes to find alternative supplies to Russian gas.
Russian Court Orders Caspian Oil Pipeline to Suspend Operations
Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world's largest pipelines, has been told by a Russian court to suspend activity for 30 days, although exports were still flowing.
New Fortress Agrees to Expand Supply of Natural Gas to Baja, Build LNG Hub Offshore GOM
New Fortress Energy Inc. has entered into an agreement with Comisión Federal de Electricidad to expand the supply of natural gas to Baja California Sur and build a new LNG hub in the Gulf of Mexico (GOM).
Shell Joins Qatar's LNG Expansion Mega-Project
QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest LNG project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni.
New Fortress Energy to Sell LNG Maritime Infrastructure for $2 Billion to JV
New Fortress Energy Inc. has formed a new LNG joint venture on Tuesday with buyout firm Apollo Global Management Inc. and sold 11 vessels and storage units to the JV for $2 billion.
NextDecade Secures Third 20-Year LNG Supply Deal This Year with China Gas
NextDecade Corp. has executed a 20-year sale and purchase agreement with China Gas Holdings Ltd. for its Rio Grande LNG, marking the company's third 20-year deal this year.
China Port Group Starts Pumping Crude Oil into New 230-Mile Pipeline
China's Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline that connects the port of Yantai to a group of independent refineries in the country's refining hub Shandong, state media reported on Tuesday.
Minister: Greece Can Cope with Possible Russian Gas Disruptions Thanks to LNG
Greece can cope well with potential cuts in Russian gas supply due to the availability of LNG as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security.
Russia’s Gazprom to Require Rubles for LNG – Interfax
Russian gas producer Gazprom has proposed expanding its ruble-for-gas scheme for pipeline gas to include LNG, the Interfax news agency quoted a senior manager as saying on Monday.
Norway Oil Ministry Approves Hiked Gas Output at Several Offshore Fields
Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.
Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices
Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.
Nigeria Takes $1 Billion Hit in Q1 Revenue Due to Crude Oil Theft
Nigeria lost $1 billion in revenue during the first quarter of this year due to crude oil theft, the petroleum regulator said on Friday, warning the practice was a threat to the economy of Africa's top producer.
Kinder Morgan Gets FERC Approval to Offer Certified Gas Pooling on TGP System
Kinder Morgan subsidiary Tennessee Gas Pipeline Co. LLC (TGP) has received approval from FERC to offer producer certified gas, or responsibly sourced gas, aggregation pooling service across the 11,760-mile pipeline system.
US Grants NFG 35-Month Extension to Build Northern Access Natural Gas Pipeline
U.S. regulators have given National Fuel Gas Co. (NFG) more time to build its proposed Northern Access natural gas pipeline project in Pennsylvania and New York.
PHMSA Blocks Restart of Freeport LNG Plant Citing Unsafe Conditions
U.S. pipeline safety regulator PHMSA on Thursday said it found unsafe conditions at a Texas liquefied natural gas export facility and will not allow owner Freeport LNG to restart the plant until an outside analysis is complete.
Canada Sees Repsol LNG as Fastest Way to Boost Gas Supply to Europe
Canada's East Coast has only enough natural gas supply to accommodate one new LNG export facility, and the project that would boost shipments to Europe the fastest is Repsols, Canada's environment minister told Reuters.
Kinder Morgan Green Lights Permian Natural Gas Pipeline Expansion Project
Pipeline operator Kinder Morgan has given the greenlight to financing expanded capacity on the 428-mile Permian Highway Pipeline, which currently carries 1.2 Bcf/d from the Permian Basin of West Texas and New Mexico.
Williams to Move Forward with Louisiana Natural Gas Project in Haynesville Basin
U.S. energy company Williams Co. Inc. has reached a final investment decision to build its proposed Louisiana Energy Gateway project to gather natural gas produced in the Haynesville shale basin, the company said on Wednesday.
Dutch Government Pledges $789 Million to Develop Hydrogen Network
The Dutch government on Wednesday said it would invest 750 million euros ($789 million) through to 2031 to develop a national hydrogen transportation network.
Shell Prelude LNG Loading Disrupted Until At Least Mid-July, Worsening Global Supply
Shell Plc said LNG shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.
Texas RRC Approves Rule to Ready Natural Gas Industry for Weather Emergencies
The Texas Railroad Commission (RRC), which oversees the state's oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time of the year.
Spain Restarts Natural Gas Flows to Morocco on Maghreb-Europe Pipeline
Natural gas has started flowing from Spain towards Morocco through a pipeline that stopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday.
Equinor, Fluxys Plan to Build 620-Mile Pipeline for Offshore Carbon Capture and Storage
Norway's Equinor and Belgium's Fluxys plan to build a 1,000-km (620-mile) pipeline to transport CO2 captured on the European continent for storage underneath the North Sea, the two companies said on Wednesday.
US Gulf Coast Crude Oil Exports to Hit Record High This Quarter
Exports of crude oil from the U.S. Gulf Coast could hit a record 3.3 MMbbl/d this quarter, analysts said on Monday, as Europe chases U.S. crude to offset sanctioned Russian oil.
Russia Looks to Lure Asian Buyers with Higher Quality Crude Oil
Russia has been improving the quality of its flagship Urals crude oil export, making the heavily-discounted grade even more attractive to buyers in Asia who have been snapping it up, data obtained by Reuters showed.
US Authorities Stop Oil Tanker Traveling from Russia to Verify Origin
U.S. authorities have stopped an oil tanker traveling from Russia to New Orleans to check whether it is Russian in origin, Reuters reported on Tuesday.
PetroChina May Divest from Australian Natural Gas Projects to Curb Losses – Sources
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said.
EU Prepares to Curb Demand as Russian Gas Cuts Intensify
A "serious disruption" to the European Union's gas supplies from Russia is likely, the bloc's energy chief said on Monday as she urged countries to update their contingency plans for supply shocks and use other fuels where possible to conserve gas.
Running Short of Gas: Russia's Pipeline Repair Has Europe Worried
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won't turn it back on again.
Pennsylvania’s Gas Drilling Impact Fee Distribution Rises by $100 Million
The Pennsylvania Public Utility Commission (PUC), which has been collecting fees from gas wells and distributing them to local governments, said it has collected and distributed over $2.2 billion to Pennsylvania communities.
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- 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
