Business & Markets
Cheniere Gets OK to Place Sabine LNG Tank Back in Service
U.S. LNG company Cheniere Energy Inc. received permission from federal regulators on Wednesday to return one of two shut storage tanks to service at its Sabine Pass LNG export plant in Louisiana following a leak in 2018.
PG&E Commissions New Renewable Natural Gas Pipeline in California
Pacific Gas and Electric Company (PG&E) has partnered with Aemetis Inc. to officially commission the interconnection of a new renewable natural gas facility in Keyes, California.
Matador Resources Acquires Permian Pipeline, Gathering System in $75 Million Deal
Matador Resources Co. has agreed to acquire Summit Midstream's gathering and processing system in the Permian Basin for $75 million, which includes roughly 45 miles of natural gas gathering pipelines.
Dutch Government Reluctant to Boost Production from Groningen Gas Field
Tapping the Groningen gas field, which is being wound down due to a series of earthquakes, should be a "last resort", a Dutch minister said on Tuesday, after a government advisory body suggested using the field to help fill gas stores.
POET Plans to Fast-Track Ethanol Climate Goals with Midwest Carbon Pipeline Project
Ethanol producer POET said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage pipeline.
Cheniere Inks 15-Year LNG Supply Deal with Equinor
Cheniere Energy Inc. has agreed to sell liquefied natural gas to Equinor as the Norwegian energy company plans to boost its LNG volumes for Europe amid a tight commodity market and surging demand for the super-cooled fuel.
Canada Expands Pipeline Capacity, But Crude Now Faces US Gulf Coast Oversupply Issue
After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a "North American" grade, moving in tandem with U.S. sour crudes sold on the Gulf Coast after Enbridge Inc. expanded its Line 3 pipeline late last year.
EU Exploring Deal to Boost Natural Gas Imports from Israel, Egypt
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document dated June 7.
DOE Launches $8 Billion Program for Clean Hydrogen Hubs across US
The U.S. Department of Energy filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday.
US Natural Gas Futures Drop 5% on Explosion at Texas Freeport LNG Plant
U.S. natural gas futures dropped about 5% on Wednesday on reports of a fire at the Freeport LNG export plant in Texas and early midday forecasts calling for less heat and demand over the next two weeks than previously expected.
Freeport LNG Plant Suffers Explosion, Nearby Residents Evacuated, Police Say
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby residents in Quintana, Texas.
Russia Hikes Oil Exports from Major Eastern Port to Help Offset EU Ban
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions.
US Envoy Expected to Visit Beirut Next Week Over Israel Gas Dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament source and local media.
Qatar to Select Exxon, Total for Mega-LNG Expansion Project
Exxon Mobil Corp. and TotalEnergies are expected to be awarded with a piece of the $30 billion-dollar LNG expansion project in Qatar, which will strengthen the country's position as the world's top exporter of the super-chilled fuel.
Shale Gas Producer Chesapeake Energy Aims to Expand Push into LNG
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas adviser, according to a job listing, as it seeks to expand into the fast-growing export market.
Closely Watched Exploration Well Off Western Australia Finds No Gas, Oil
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.
Israel Rejects Lebanese Accusation About Gas Field, Says Conflict Unlikely
Israel has denied a Lebanese allegation it is encroaching on a disputed Mediterranean natural gas field, playing down on Monday any prospect of conflict over the dispute.
Sources: US to let Eni, Repsol Ship Venezuela Oil to Europe for Debt
Eni and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.
Energy Transfer Signs 25-Year Deal to Supply LNG to China Gas
Energy Transfer LNG, a unit of Energy Transfer LP, entered into a deal to supply 0.7 million tonnes of liquefied natural gas a year to China Gas Holdings on a free-on-board basis for 25 years.
Texas Pacific Land, Milestone Carbon to Conduct Carbon Sequestration Study in Permian Basin
Texas Pacific Land Corp. and Milestone Carbon LLC have signed a Letter of Intent to evaluate the geological and geophysical characteristics of roughly 21,000 acres in the Permian Basin for the purposes of sequestering captured CO2.
Data Shows May US LNG Exports Reach 2nd Highest as Latin America Shipments Gain
The United States exported 7.29 million tonnes of LNG last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data.
Commissioner: EU Countries Can Tap Recovery Fund to Boost LNG Capacity
European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their LNG capacity, EU Commissioner Paolo Gentiloni said on Saturday.
Argentina Announces Tender to Build New Vaca Muerta Gas Pipeline
Argentina has launched a tender process to build a new 563-km (350-mile) gas pipeline out of its huge Vaca Muerta shale formation that is estimated to cost $1.5 billion and take about 18 months of work to complete.
New Fortress Eyes $3 Billion Investments in Mexico
U.S. firm New Fortress Energy is considering various investments in Mexico's energy sector that could be worth $3 billion, according to President Lopez Obrador who said the potential projects could include a LNG facility.
Bosnian Region Extends Gazprom Gas Deal Until End-2022
Bosnia's major gas importer Energoinvest has extended a deal on gas supplies with Russia's Gazprom until the end of the year under unchanged conditions.
Magellan, Enterprise Announce Update on Terminal Transfers of Midland WTI AGC Futures
The waived transfer costs apply to EFP and ADP deliveries in addition to all volume that goes to delivery through the HOU futures contract and is executed in accordance with ICE’s rules and will remain in effect through March 31, 2023.
Kinder Morgan Says Oil Vessel Charter Rates Gain After Ukraine Crisis
Day rates for vessels that move oil and refined products between U.S. ports rose after the United States banned Russian oil and product imports this year, according to Kinder Morgan CEO Steven Kean.
Norway LNG Plant Resumes Output, Boosting Gas Exports
Norway's Hammerfest liquefied natural gas plant has restarted production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.
Philippine Tycoon Razon to Buy Majority of South China Sea Gas Field
Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.
Hydrogen Blending Well into Climate Change Discussion
The venerable international energy conference, CERAWeek, returned as a live, week-long venue in Houston the second week of March, touting its usual lineup of speakers from around the globe and its topics from A to Z in the energy space.
- 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
