Business & Markets
Uganda to Announce Oil Blocks Licensing Round in May
Uganda said on Friday it plans to announce a third oil licensing round in May in an effort to further develop a sector on track to produce its first oil in 2025. The country is also developing a crude export pipeline and a domestic crude refinery that will help to commercialize the country's oil resources.
Pipelines Gearing Up for Hydrogen-Powered Economy
(P&GJ) — From growing concerns for climate change and net-zero carbon emission commitments, to a focus on greenhouse gas reduction – hydrogen’s potential to help solve crucial energy issues, has gained plenty attention.
Chesapeake Selling Eagle Ford Assets for $1.4 Billion; Focusing on Gas-rich Marcellus, Haynesville
U.S. oil and gas exploration and production company Chesapeake Energy Corp. said on Wednesday it had agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.43 billion in cash.
Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake
Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi LNG project with the country's upstream oil and gas regulator, officials said on Tuesday.
NextDecade Signs 15-Year LNG Supply Deal with Japan's Itochu Corp.
NextDecade Corp. said on Thursday it will supply 1 million metric tonnes of LNG per annum to Japan's Itochu Corp. for 15 years from its Rio Grande LNG export project in Brownsville, Texas.
Russian Gas Exports to Europe Plunge 22% in January - Reuters
Daily pipeline gas exports by Kremlin-controlled energy giant Gazprom to Europe fell 22% in the first half of January compared with December amid milder than usual weather, Reuters calculations show.
Gas Starts Flowing to Freeport LNG Export Plant in Texas
Freeport LNG's long-shut LNG export plant on the Texas Gulf Coast started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.
Germany Must Speed Up Hydrogen Plans – Pipeline Group OGE
Germany must accelerate a hydrogen law revision, which is pending in Berlin, to allow for related investments in gas transport networks up to the end of the decade, said the head of gas pipeline operator, Open Grid Europe (OGE).
Pipeline Operator Kinder Morgan Beats Profit Estimates; CEO to Step Down
U.S. pipeline operator Kinder Morgan on Wednesday announced fourth-quarter earnings of $1.4 billion, topping analysts' estimates, and said long-time CEO Steve Kean will step down after eight years in the role.
Wintershall Dea to Leave Russia, Causing $8 Billion Loss at Parent BASF
Chemicals giant BASF on Tuesday unveiled a $7.9 billion non-cash impairment on Wintershall Dea, after the oil and gas exploration joint venture decided to exit Russia following its invasion of Ukraine.
Bulgaria Looking to Revive 186-Mile Trans-Balkan Pipeline Project
Sofia, the capital of Bulgaria, is holding talks with neighboring Greece to build the 300-km (186-mile) trans-Balkan pipeline to transport crude oil from the Greek port of Alexandroupolis on the Aegean Sea to Bulgaria's Black Sea port of Burgas in an effort to secure non-Russian oil.
Former Gazprom Unit Sefe Has Secured Regasification Capacity at Dunkirk
German gas importer Sefe has secured 3.5 Bcm of regasification capacity in Dunkirk and is closing in on new LNG import deals, its boss said, mapping out the former Gazprom division's future strategy.
Osaka Gas Signs LNG Contract with New Operator of Russia's Sakhalin 2
Japanese natural gas distributor Osaka Gas Co. said on Tuesday it had signed a contract to continue purchasing 200,000 tonnes of LNG from a new operating company running Russia's Sakhalin 2 project.
Wintershall Dea Urges Germany to Clear CO2 Exports for Storage
German oil and gas producer Wintershall Dea urged Berlin on Monday to clear exports of carbon dioxide to European neighbors that would be buried in so-called carbon capture and storage facilities.
Snam Seen Boosting Italy's Gas Security with Spending on LNG, Grid
Europe's biggest gas grid operator Snam is expected to increase investments to boost its transport, storage and LNG businesses in the next four years, in a move to reinforce Italy's energy security.
Guyana's Oil Exports Double, with Europe Taking Half of Cargoes
Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies.
Qatar, UAE Energy Ministers Say Gas Will Be Needed for Long Time
The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, the energy ministers of Qatar and the United Arab Emirates said on Saturday.
UK Court Rules $1.15 Billion Funding for Mozambique LNG Project is Lawful
The British government's funding of up to $1.15 billion for an LNG project in Mozambique is lawful, a London court ruled on Friday, dismissing an appeal by Friends of the Earth.
Caspian Pipeline Consortium Ready to Increase Oil Supply in 2023
The Caspian Pipeline Consortium is ready to increase oil supply in 2023, CPC cited director general Nikolai Gorban as saying on Friday, thanks to increased capacity.
China's CNOOC Targets Record Oil, Gas Output in 2023
China's CNOOC Ltd. has raised its 2023 production target by around 8% to a record 650 million to 660 million barrels of oil equivalent, it said on Wednesday.
Inpex Plans to Accelerate Expansion of LNG Production and Sales
Inpex Corp., Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of LNG on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday.
French Gas Operator GRTgaz Seeks Interest in Building Hydrogen Pipeline
French gas transmission system operator GRTgaz on Thursday opened a Call for Interest, or invitation to participate, to determine the viability of building a hydrogen transport pipeline linking the French side of the Franco-Spanish pipeline BarMar with a local storage facility.
German Green Group Files Complaint Seeking Shorter LNG Terminal License
A German environmental group has lodged a complaint calling for the operating license of a new floating LNG terminal at Wilhelmshaven to be shortened by a decade, citing its discharging of chlorine and risks to Germany's climate targets.
US Natural Gas Price Volatility Hit Record Highs in 2022
U.S. natural gas futures price volatility, both implied and historic, hit record highs in 2022 as global prices spiked due to supply disruptions and sanctions linked to Russia's war in Ukraine, feeding demand for U.S. exports.
EU Energy Regulator to Launch LNG Price Assessment on Friday
European Union energy regulators will start publishing a daily LNG price assessment on Friday, the first step in the EU's plan to form a new European benchmark price for the super-chilled fuel.
Canada's Trudeau Urges Alberta to Contribute to Carbon-Capture Incentives
Canadian Prime Minister Justin Trudeau on Friday urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale up carbon capture and storage and reduce emissions.
Rosneft Wants to Supply Gas to Power-of-Siberia 2 Pipeline
Russia's Gazprom is aiming to start delivering gas via the 2,600-km Power-of-Siberia 2 pipeline by 2030. The pipeline could carry 50 billion cubic meters of natural gas per year.
Shell LNG Trading to Lift Quarterly Profits Despite Output Drop
Earnings from Shell's LNG trading operations are likely to have been significantly higher in the fourth quarter of last year despite an output drop caused by plant outages, it said on Friday.
EOG Eyes Flat Permian Activity, Tighter Global Oil Supply in 2023
Global oil supply will likely tighten this year, EOG Resources CEO Ezra Jacob said at a Goldman Sachs conference in Miami, Florida, but he cautioned the demand outlook is currently more "difficult to see."
Global Pipeline Construction Outlook 2023
(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Colonial Pipeline's Main Gasoline Artery Shut for Leak Investigation Through Friday
