Business & Markets
Pipeline Capacity Growth Fuels Record Haynesville Gas Production
Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on greater takeaway capacity and demand, a new government report revealed Wednesday.
Eni Signs Egyptian Gas Deal to Unlock LNG Supplies for Europe This Year
The move comes as Italy and Europe step up efforts to find alternative gas imports to cut their reliance on Russian gas as the war in Ukraine escalates.
Italy Clinches Gas Deal with Algeria to Temper Russian Reliance
Algeria is Italy's second-biggest gas supplier. The Transmed pipeline has a daily capacity of more than 110 million cubic meters but currently transports only around 60 million cubic meters.
Delek Logistics Acquires Permian Basin Gathering Assets in $624.7 Million Deal
The asset base includes approximately 485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120,000 bbl of crude storage capacity and 200,000 bbl/d of water disposal capacity.
Mountain Valley Pipeline Wins Federal Approval for Stream Boring
Federal regulators approved MVP's permit request to bore under about 180 streams and wetlands it must cross to complete the 300-mile natural gas pipeline.
Shell, Uniper Partner on UK Low-Carbon Hydrogen Facility
The project will include a blue hydrogen production facility with a capacity of up to 720 megawatts using gas reformation technology with carbon capture and storage.
Dow to Buy Minority Stake in German Energy Hub Constructing LNG Terminal
The investment in Hanseatic Energy Hub GmbH comes after the Biden administration pledged the supply of 15 Bcm of LNG to the European Union this year following Russia's invasion of Ukraine.
Warburg Pincus Uses Price Volatility to Place RimRock Oil & Gas Up For Sale
Warburg Pincus is taking advantage of the upswing in commodity prices to offload Bakken gas producer RimRock Oil & Gas, its second attempt to sell the company in just over a year.
TotalEnergies to Hike LNG Production in US with Cameron Expansion
French energy major TotalEnergies SE said it would step up its LNG activities in the U.S. by expanding production at the Cameron site in Louisiana.
OGE Plans Pipeline Link for Wilhelmshaven LNG Terminal
Germany's biggest pipeline network operator Open Grid Europe (OGE) plans to build a 30 km (18 miles) LNG link from a planned terminal at the North Sea port of Wilhelmshaven by the end of the year.
Bolivia Gas Deal to Save $769 Million, Replace LNG Imports
Argentina's new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive LNG.
US Natgas on Track to Close at 2008 High Again on Soaring LNG Demand
U.S. natural gas futures rose about 1% on Friday, putting the front-month on track to close at its highest since December 2008.
Spain to Open Idle Liquid Gas Facility as European Storage Base
Spain plans to open a never-before-used LNG plant on its northern coast and dedicate it to receiving and re-exporting fuel to other European countries struggling to break their dependence on gas piped from Russia.
USD Partners Completes Acquisition of Hardisty South Terminal Assets
The combined Hardisty Terminal has the designed takeaway capacity of three and one-half unit trains per day, or approximately 262,500 barrels per day.
Argentina Seeks Bolivia Gas Boost as LNG Costs Soar — Sources
The South American country is looking for alternative gas supplies after being hit hard by rising LNG costs linked to the war in Ukraine, which threaten to leave it mired a deep energy trade deficit this year.
NextDecade Enters 20-Year LNG Sales Deal with ENN
NextDecade and China's ENN LNG have signed a 20-year sale and purchase agreement for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
EPIC Crude Delivers Record Volumes from Permian Basin, Eagle Ford
Formed in 2017, the company built and operates a 700-mile crude oil pipeline that extends from Orla, Texas, to the port of Corpus Christi, servicing the Delaware, Midland and Eagle Ford basins
Nigeria Urges Partners to Relax Rules for Gas Suppliers to Boost LNG Exports
Nigeria is urging its multinational oil partners to allow third-party suppliers to sell gas to produce LNG at market rates to boost exports in a bid to tap demand in Europe.
ClassNK Approves J-DeEP’s Design for Floating Hydrogen Production Plant Offshore Scotland
ClassNK, a Tokyo-based ship classification society, issued an Approval in Principle (AiP) for the design of a floating offshore hydrogen production plant developed by Japan Offshore Design & Engineering Platform Technology & Engineering Research Association (J-DeEP).
BP Completes $723 Million Acquisition of US Pipelines Partnership BP Midstream Partners
British oil major BP, its affiliates, and BP Midstream Partners (BPMP) announced Tuesday that a BP U.S. affiliate has completed the previously announced acquisition of all outstanding common units of BPMP.
Venture Global to Buy Gas from NextEra for Louisiana Plaquemines LNG
U.S. LNG company Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of U.S. energy company NextEra Energy Inc.
Exxon Mobil Suspends Russian Far East LNG Project
Exxon Mobil has suspended its LNG project in Russia's Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions.
Sempra Energy Enters Agreement for Cameron LNG Phase 2
Sempra Energy said its LNG unit has entered into an agreement with affiliates of TotalEnergies, Mitsui & Co., and Japan LNG Investment LLC to increase the capacity of its Cameron LNG Phase 2 export project in Hackberry, Louisiana.
Europe's Appetite for US Gas Fast-Tracks Two New LNG Projects
Two U.S. LNG projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel.
Alberta Picks Six Proposals to Develop Canada's First Carbon Storage Hubs
Canada's main oil-producing province Alberta has selected six proposals to move forward with developing Canada's first carbon storage hubs, intended to help cut climate-warming emissions by permanently sequestering them underground.
Natural Gas Critical to Future Energy Mix Amid Renewable Push, INGAA CEO Says
Natural gas and related infrastructure will be critical to securing a low-carbon economy and will continue to be a significant contributor to the U.S. long-term energy mix, according to the Interstate Natural Gas Association of America’s (INGAA) President and CEO Amy Andryszak.
Baker Hughes to Provide Hydrogen-Ready Compressor Upgrade for Greece Pipeline
Baker Hughes has been awarded a contract to supply gas turbines and compressors that can run on a blend of natural gas and hydrogen for a new compression station of the Greek Natural Gas Transmission System.
New Fortress Seeks to Build Offshore Louisiana LNG Plant by Q1 2023
The LNG export project will be located in federal waters offshore Louisiana and will be able to export about 2.8 MTPA of LNG, or almost 0.4 Bcf/d of gas using its "Fast LNG" technology.
TotalEnergies, Sempra to Co-Develop LNG and Renewable Projects
TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two deals for the Vista Pacífico LNG export project in Mexico and the the co-development of several renewables projects.
Canadian 2021 Crude Imports Slid to Lowest Since 1988, Says CER
Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, the Canada Energy Regulator said .
- 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
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- 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
