Business & Markets
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.
Tokyo Gas Begins Synthetic Methane Trial Using Green Hydrogen
Tokyo Gas Co. Ltd., Japan's top city gas supplier, has begun a pilot program of methanation, a technology to help decarbonize city gas, and plans to use green hydrogen sourced from renewable energy for the trial by next March.
US Natural Gas Futures Hold Near 11-Week Low as LNG Exports Decline
U.S. natural gas futures held near an 11-week low on Friday as forecasts for hotter weather, higher demand and less output than last month offset a drop in LNG exports due to the extended shutdown of the Freeport LNG export plant in Texas.
Germany Considers Converting Nord Stream 2 Into LNG Connection
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast.
Pakistan Gets Highest-Ever Bid on LNG Cargo from QatarEnergy
Pakistan LNG Ltd. received a single bid from Qatar Energy at $39.80/MMbtu for an LNG import tender seeking a cargo in the July 30-31 window, an Reuters reported on Thursday.
Ineos Signs 20-Year LNG Deal with Sempra Infrastructure
Sempra Infrastructure and INEOS Energy Trading Ltd. have entered into a definitive 20-year LNG sale and purchase agreement for approximately 1.4 million tonnes per annum of LNG delivered free-on-board from the proposed Port Arthur LNG project or Cameron LNG Phase 2 project.
Venture Global Inks 20-Year LNG Deal with Chevron
Venture Global has executed two long-term sales and purchase agreements with Chevron for the purchase of two million tonnes per annum of LNG for 20 years.
EU, Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.
Finland Plans to Build Hydrogen Pipeline Network
Finland announced plans on Wednesday to build a hydrogen transmission network to help reduce carbon emissions. Construction is set to start in southeastern Finland near the Russian border with a 15-km (9-mile) hydrogen pipeline.
Cheniere Strikes Long-Term LNG Supply Deal with Chevron
Cheniere Energy Inc. said on Wednesday two of its units would sell 2 million tonnes per annum of LNG to oil major Chevron Corp. until 2042, with the SPL deliveries set to begin in 2026 and reach the full capacity in 2027.
Cheniere to Move Forward with Texas Corpus Stage 3 LNG Plant Expansion
Cheniere Energy Inc. on Wednesday said its Board of Directors had decided to go forward with the expansion of the Corpus Christi export plant in Texas and told Bechtel Energy to continue with its construction.
CenterPoint Energy Launches Green Hydrogen Project in Minnesota
CenterPoint Energy has launched its green hydrogen project in Minneapolis, which uses renewable electricity to safely split hydrogen from water, and the zero-carbon hydrogen is then blended at low concentrations with natural gas into the utility's local distribution pipeline system.
BP Buys 41% Stake in Australian Wind, Solar, Hydrogen Mega-Project
BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said.
DOE Awards $504 Million Loan Guarantee to Utah Hydrogen Storage Project
The U.S. Department of Energy closed on a $504.4 million loan guarantee to help finance the construction of the Advanced Clean Energy Storage I project in Utah, the world’s largest industrial green hydrogen storage facility.
Canada Seeking Pathway to Enable German Gas Flow Amid Russian Sanctions
Ottawa is evaluating options to help restore German gas supplies as a crucial Nord Stream 1 pipeline part is stranded in Canada due to Russian sanctions, the Canadian Natural Resources Minister said in an interview with Bloomberg on Tuesday.
Denmark Issues 'Early Warning' on Russian Gas Supply
Denmark's energy agency said on Monday it had activated the first step of a three-stage emergency gas supply plan, which effectively means a tighter monitoring of the market, due to uncertainty about gas supplies from Russia.
US Energy-Related CO2 Emissions Rose 6% in 2021
In 2021, U.S. energy-related CO2 emissions increased by 296 million metric tons (MMt), or 6%, compared with 2020 levels. This increase followed a rise in economic activity and energy consumption once the initial economic impacts of the COVID-19 pandemic began to subside.
US Exported Record Amounts of LNG in 2021
U.S. exports of LNG set a record high in 2021, averaging 9.7 Bcf/d (275 MMcm/d) according to our most recent Natural Gas Monthly. U.S. LNG exports increased by 50% from 2020.
Demand for US Exports to Drive More Natural Gas Production
The reference case in the U.S. Energy Information Association’s (EIA’s) Annual Energy Outlook (AEO2022) projects U.S. natural gas production to continue to increase through 2050. The reference case is the baseline in AEO2022, and it projects energy trends based on current laws, regulations, and market conditions.
EIA Expects Nine New Gulf of Mexico Natural Gas, Crude Oil Fields to Start in 2022
The U.S. Energy Information Administration 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 by the end of 2023.
Rethinking Practices Can Reduce Carbon Footprint for Pipeline Projects
The push to reduce global greenhouse gas (GHG) emissions is at the forefront as we continue to close in on our 2050 net-zero targets set by the Paris Agreement. Governmental agencies for countries pledged to the cause are clamping down on companies to aid them in their efforts.
- 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
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Energy Transfer Receives 16 Bcf/d Natural Gas Requests Amid Growing Data Center, Power Needs
- 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
