Business & Markets
Analysis: Argentina’s Vaca Muerta Shale Boom Running Out of Road
Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth.
Italy Court Ruling Allows Work on Tuscan LNG Terminal to Proceed
An Italian administrative court has ruled against a request for a precautionary halt on works for a new LNG terminal in the Tuscan port city of Piombino, saying it did not pose an immediate threat to public safety.
Transitus, Proteum to Produce Hydrogen in Europe Using Natural Gas from North Sea
(P&GJ) — Proteum Energy and Transitus Energy have entered into an agreement to explore joint development opportunities in the U.K., Netherlands, Republic of Ireland and Norway to produce low-carbon hydrogen by reforming natural gas resources from the North Sea.
Harvest Midstream to Acquire Phillips 66's Crude Oil Terminal in Louisiana
(P&GJ) — Harvest Midstream has entered an agreement with Phillips 66 to purchase the Belle Chasse Terminal, formerly the Alliance Refinery located in Plaquemines Parish, Louisiana. The acquisition is expected to close in the first quarter of 2023.
Looking Back at the Top 10 Midstream Stories of 2022
(P&GJ) — In this year-ending issue of P&GJ, the staff, along with a little help from its readers, has taken a look back at the frequently volatile year that was 2022. As was the case during the previous 12 months, the year brought its share of anxiety as we in the energy industry – midstream in particular – worked to adjust to the global demand for natural gas, following Russia’s invasion of Ukraine.
US, Canada Natural Gas Output Could Feel Growing Pains In 2023
U.S. and Canadian natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new LNG export plants.
Putin Oversees Launch of Siberian Gas Field Feeding Pipeline to China
The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic meters, it is the largest in eastern Russia.
Sempra Receives US Approval to Re-export LNG from Mexico
The U.S. Energy Department on Tuesday approved permits for Sempra Energy to send U.S. natural gas to Mexico for re-export from LNG terminals, filings on its website showed. This will allow Sempra to ship natural gas via pipeline to Mexico where it will be converted to LNG and sent to global markets.
Exporting LNG: Support Infrastructure Grows with Transition
(P&GJ) — Shattering the usual August silence in Washington, D.C., when Congress was in its summer recess, lawmakers this year found a way to pass their self-described Inflation Reduction Act, which includes parts that will bolster the prospect for added U.S. LNG exports.
Using Regulation to Develop Natural Gas Systems
(P&GJ) — Engineering design serves as a fundamental pillar of the lifecycle of an engineering project. The fundamentals of engineering design use industry standards combined with federal, state and municipal codes to produce a construction-ready engineering package.
Equinor to Invest $1.3 Billion to Upgrade Norway’s Hammerfest LNG Plant
Equinor and its partners in the Arctic Snoehvit gas field will invest $1.34 billion to upgrade the Hammerfest LNG plant, which processes the output, the government and companies said on Tuesday.
NextDecade Signs 20-Year LNG Supply Deal with Portugal's Galp
NextDecade Corp. said on Tuesday it will supply 1 million metric tonnes per annum (MTPA) of LNG to Portugal's Galp Trading SA for 20 years from its Rio Grande LNG export project in Brownsville, Texas.
Gas Starts to Flow to Freeport LNG Export Plant in Texas
Freeport LNG's long-shut liquefied natural gas export plant in Texas was on track to receive natural gas on Tuesday, according to data from Refinitiv, a possible sign the plant might meet the company's projected end of the year return date.
Explainer: Oil Storage Situation in Canada, US After Keystone Spill
Days after TC Energy Corp.'s Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.
US Begins Buying Back Oil for Strategic Petroleum Reserve
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 million barrel release from the stockpile.
US Poised to Become Net Exporter of Crude Oil in 2023
Sales of U.S. crude to other nations are now a record 3.4 million bbl/d, with exports of about 3 million bbl/d of refined products like gasoline and diesel fuel. The United States is also the leading LNG exporter, where growth is expected to soar in coming years.
Winter Storm Cuts North Dakota's Shale Oil Production
A winter blizzard sweeping across the northern United States has cut North Dakota's oil output by 200,000 to 250,000 barrels per day, or 18% to 22%, state Pipeline Authority Director Justin Kringstad estimated on Friday.
Norway's Hoegh LNG in Talks to Supply More Regasification Vessels to Europe
Norway's Hoegh LNG is in talks to supply more of its floating storage and regasification units to several European countries seeking alternatives to Russian gas, its CEO said.
US Energy Regulator Approves Energy Transfer's 135-Mile Louisiana Gas Pipeline
Pipeline operator Energy Transfer on Thursday received approval to start operations on a natural gas pipeline that will deliver fuel to the U.S. Gulf Coast at a time of supercharged demand overseas.
Putin Plans to Increase Gas Sales to China
President Vladimir Putin said on Thursday that Russia would increase gas supplies to "the East", particularly China, and set prices for sales to Europe using an electronic platform.
German Pipeline Firms Say They Will 'Make Hydrogen Happen' in 2025
Germany's Gascade, Ontras and terranets have agreed to convert high-pressure gas pipelines to transport low-carbon hydrogen from the Baltic Sea all the way the south of the country by 2025, the companies said on Thursday.
Hungary to Start Talks with Qatar About Buying LNG
Hungary and Qatar have agreed that their state-owned energy companies will start talks about Hungary buying LNG from the Gulf Arab state, Foreign Minister Peter Szijjarto said in a Facebook video on Wednesday.
Morgan Stanley Sees Brent Crude Oil Back at Around $110/bbl by Mid-2023
Morgan Stanley on Wednesday said it expects Brent crude oil prices to rally to around $110 per barrel level by mid-2023, citing support from rising demand and continued supply tightness.
Report: Global Investment Financing Trends Rebound
(P&GJ) — Are global and regional foreign direct investment (FDI) trends favorable for those investing in new pipelines or redeveloping existing ones? The United Nations Conference on Trade and Development’s (UNCTAD’s) “World Investment Report 2022” answers that question.
Oil Rises to Over $80/bbl as Dollar Slumps on Slowing Inflation
Oil settled over $80 a barrel on Tuesday and recorded its biggest daily gains in over a month, as investors bought up risk assets after U.S. data pointed to slowing inflation.
EU Delays Decision on Natural Gas Price Cap, Countries Still At Odds
European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of infighting over whether the measure can ease Europe's energy crisis.
IEA: EU Could Face 27 Bcm Gas Shortage Next Year
If Russia was to cut the small share of gas it still delivers to Europe, and Chinese gas demand rebounded from COVID-19 lockdown-induced lows, the EU could face a gas shortfall of 27 billion cubic meters (Bcm) in 2023, the IEA said. Total EU gas consumption was 412 Bcm in 2021.
VTTI Plans to Build New Floating LNG Platform in Netherlands by 2024
Dutch energy company VTTI said on Monday it plans to build a new floating LNG terminal in the Netherlands with capacity to import 5 billion cubic meters of gas annually.
Argentina Bags $689 Million from Brazilian Bank for Vaca Muerta Pipeline Project
Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday.
Gas Producers Seek Urgent Talks with Australian Prime Minister
Australia's gas industry lobby group on Sunday called for urgent talks with Prime Minister Anthony Albanese after learning that the government's plan to cap gas prices for one year, announced on Friday, includes long-term measures to limit profit margins.
- 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
