Business & Markets
TotalEnergies Says Mozambique LNG Restart Complicated by Cost Disagreements
The restart of TotalEnergies' $20 billion Mozambique LNG project is being complicated by disagreements with contractors over extra costs, the company said on Thursday.
EIA: US Oil Stocks Draw Across the Board as Gasoline Demand Rebounds
U.S. crude oil and gasoline inventories fell more than expected last week, as demand for the motor fuel picked up ahead of the peak summer driving season, Energy Information Administration data showed on Wednesday.
Shale Producer Pioneer's CEO Scott Sheffield to Retire
Sheffield, an energy veteran, served as Pioneer’s founding CEO from 1997 to 2016 and chairman since 1999. He stepped down from the CEO role in 2016 before returning to the helm three years later.
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
Record Oil-Reserve Sales May Have Benefited US Storage Caverns
Last year's record drawdown of the U.S. Strategic Petroleum Reserve oil stocks may boost the longevity of the underground storage caverns, according to the national laboratory that monitors the four sites.
First Nations: Canada’s New Infrastructure Power Brokers
(P&GJ) — After decades of largely contentious relations between Indigenous groups and energy infrastructure developers, Canada’s First Nations are beginning to embrace the economic opportunities that pipeline and export projects can offer – a trend that could make it easier to approve and complete future projects.
Offshore Pipeline Design for CCUS
(P&GJ) — Design and construction of CO2 pipelines are similar to natural gas transmission pipelines. However, there are differences like: thermodynamic modeling, blow down modeling, specifying the maximum water content, pipeline fracture propagation control, use of elastomer materials and performing a quantitative risk assessment, mainly related to release modeling and defining the allowable exposure limits. These factors require special attention for CO2 pipelines, when compared with natural gas.
US Crude to Dominate Brent Oil Benchmark Under Index Change
Texas crude is set to assume a key role in the world's most important benchmark — Brent — as oil-index publisher S&P Global Platts adds U.S. WTI Midland crude to its dated Brent oil price assessment for June deliveries.
Explainer: Can Joint Gas Buying Boost Europe's Energy Security?
The European Union opened a scheme this week for companies to jointly buy gas, aiming to secure supplies ahead of winter and avoid a repeat of last year's record-high energy prices.
Japan's Tokyo Gas Reports Record 2022/23 Profit on LNG Price Boost
Tokyo Gas on Wednesday reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices but warned that next year's profit may drop because of projected lower city gas and electricity sales.
Russia Looks to Companies Beyond Gazprom to Supply Gas to China
Russia is considering supplying natural gas to China by a 2,600-km (1,620-mile) pipeline from companies other than Kremlin-controlled Gazprom, which currently has the monopoly for Russian pipeline gas exports, an Energy Ministry official said on Tuesday.
Naftogaz Held Talks with Exxon, Chevron, Halliburton About Energy Projects in Ukraine -FT
Naftogaz has held talks with Exxon Mobil, Halliburton and Chevron about projects in Ukraine as the country looks to lure back foreign investment to its energy sector, the Financial Times reported on Friday. Naftogaz hopes to sign a contract with Halliburton that would help increase production to a target of 13.5 Bcm this year.
Eni Launches $5 Billion Gas Liquefaction Project in Congo Republic
Italian energy group Eni and Congo Republic's government on Tuesday launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in 2025.
Offshore Innovation Seen as Key to Overcoming Obstacles
(P&GJ) — At mid-year 2022, an online industry report service using artificial intelligence (AI) enabled analytic tools released a worldwide assessment of offshore oil and natural gas prospects with a decidedly upbeat tenor.
NextEra Energy Q1 Results Boosted by Clean Energy Push
NextEra, which generates more wind and solar energy than any other company in the world, said it is benefiting from a clean energy investment push that has received major public policy support in recent months and given it a buffer against natural gas price swings.
Dutch Government Confirms Plan to Halt Gas Production in Groningen
The Dutch government said on Tuesday that it will invest $24.24 billion in the earthquake-stricken Groningen region while confirming plans to halt gas production there no later than 2024.
Woodside Energy Ties Up with Keppel Data Centers for Liquid Hydrogen Supply
Australia's Woodside Energy Ltd. signed an agreement with Keppel Corp. on Tuesday for the potential supply of liquid hydrogen to its data centers in Singapore, bolstering the city-state's renewable energy transition efforts.
Energy Firms in Germany Join Up for Sea-to-Inland Hydrogen Route
Germany wants to build 10 gigawatts of green hydrogen capacity, made from solar and wind power, by 2030 and import massive volumes from overseas to help industries such as steelmaking or cement replace millions of tonnes of heavily carbon polluting "grey" hydrogen made with gas.
Editor’s Notebook: California’s Pipeline, CCUS Quandary
(P&GJ) — California, in laying out a bold clean air initiative, has placed a great deal of emphasis on carbon capture, utilization and storage (CCUS) in an effort to start removing the same amount of carbon from the air as what the state emits by 2045.
Cenit: Colombia's Transandino Oil Pipeline Bombed
The Transandino Pipeline runs along Colombia's border with Ecuador, taking up to 85,000 barrels of crude per day to an export terminal in Tumaco, a Pacific port in the country's Narino province.
Nigeria's NNPC Says 384-Mile AKK Gas Pipeline Is 70% Complete
Construction of Nigeria's 614-km (384-mile) natural gas pipeline is 70% complete, the head of state oil firm NNPC said on Monday, missing a target he initially set to finish the project by the end of the first quarter.
Tellurian Receives US Approval for Driftwood Gas Pipelines
Liquefied natural gas developer Tellurian Inc. said on Monday the U.S. energy regulator had authorized Line 200 and Line 300 of its $1.4 billion Driftwood natural gas transmission pipeline project.
EPA to Issue Power Plant Rules That Lean on Carbon Capture
The U.S. government may soon require natural gas-fired power plants to install technology to capture carbon emissions, sources said, as President Joe Biden's administration enacts new rules to help decarbonize the power sector in 12 years.
Delfin Signs 20-Year LNG Supply Deal with Hartree
(P&GJ) — Under the agreement, Delfin LNG will supply 0.6 MTPA on a free-on-board basis at the Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana, to Hartree for a 20-year period.
US Energy Department Clamps Down on LNG Export Project Extensions
The U.S. Department of Energy on Friday announced it will change how it approves requests by companies to push back start dates for LNG export projects to get a better picture of true demand for the fuel.
Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
Canada's TC Energy on Friday said a 14,000-barrel oil spill from its Keystone pipeline in rural Kansas in December was primarily due to a progressive fatigue crack, which originated during the construction of the pipeline.
Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
Chad has recalled its ambassador to neighboring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy.
Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
The suspension of pumping operations at Colombia's Cano Limon-Covenas oil pipeline will be prolonged after a new bombing attack damaged its infrastructure in the country's Arauca province, oil transportation company Cenit said.
Liberty Energy Says 15 New Frac Fleets to Hit US Market This Year
The second-largest U.S. shale fracturing firm Liberty Energy on Thursday said service firms have about 30 new frac fleets in development and about half of those will hit the market this year.
Williams, MPLX, WES DJ Gathering Reach Settlement with EPA, DOJ Over Methane Leaks
The settlements announced by the Department of Justice and the Environmental Protection Agency require the three natural gas processors to pay a combined $9.25 million in civil penalties and make about $16 million in improvements at plants and compressor stations.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
