Business & Markets

QatarEnergy CEO: Qatar to Sign More Long-Term LNG Contracts This Year

Qatar has not had difficulty securing long-term liquefied natural gas contracts and will sign more this year, QatarEnergy CEO and State Minister for Energy Saad al-Kaabi said at an economic forum on Wednesday.

Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid

The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.

TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline

The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.

Eletrobras Partners with GEP for Green Hydrogen Production in Brazil

Brazil's Eletrobras, Latin America's largest utility, has signed a memorandum of understanding with Green Energy Park (GEP) to study opportunities for green hydrogen production, the companies said on Tuesday.

Federal Regulators Approve Venture Global's Repairs at Louisiana Plant

U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025

A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.

Energy Transfer Joins CapturePoint for Carbon Capture and Storage Initiative in Louisiana

CapturePoint LLC and Energy Transfer LP have formalized agreements for the joint development of a carbon capture and permanent underground storage project in Louisiana.

U.S. Offers $1.66 Billion Loan to Plug Power for Clean Hydrogen Plants

The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc. to help it build up to six plants to produce clean hydrogen.

NJ Natural Gas Implements First Carbon Capture Units in State, Aiming for Greener Operations

New Jersey Natural Gas has recently installed two CarbinX carbon-capture systems at its headquarters in Wall, N.J., marking a significant step towards reducing greenhouse gas emissions in the state.

Linde Doubles Capacity at La Porte Facility to Meet Rising Demand for Industrial Gases in U.S. Gulf Coast

This expansion of Linde’s production capacity will enable the company to meet growing demand for industrial gases in the U.S. Gulf Coast across an array of end markets.

Clean Energy, Maas Energy Partner to Build Nine RNG Dairy Facilities Across Seven States

Clean Energy Fuels Corp. and Maas Energy Works have announced a new joint development agreement to build nine renewable natural gas (RNG) production facilities at dairy farms across seven states.

YPF Advances $2.5 Billion Pipeline Project to Spur Vaca Muerta Shale Oil Exports

YPF SA is advancing a $2.5-billion cross-country pipeline project to unlock the rich potential of the Vaca Muerta shale region, addressing the primary bottleneck hindering its full exploitation.

EIA: U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June

Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said.

Savannah Energy Loses Legal Bid to Freeze Oil Pipeline Company's Accounts, Chad Government Says

The Paris Court of Arbitration has rejected a bid by Savannah Energy Plc to freeze COTCO oil pipeline company's accounts after Chad nationalized its upstream assets in the country, Chad's transitional government said on Monday.

Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger

U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.

Slovakia Paves the Way for Gas Imports from Azerbaijan via Ukraine

Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.

LM Energy Expands New Mexico Gas Gathering System, Boosts Capacity to 500 MMcf/d

The new high-pressure pipeline will provide over 300 MMcf/d of critical delivery capacity out of New Mexico's North Carlsbad area. Upon completion, LM’s systems will consist of 150 miles of gas gathering pipelines with a total capacity of approximately 500 MMcf/d.

Golden Pass LNG in Talks with Contractor Amid Potential Project Impacts

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, on Thursday said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site, but it did not tell any contractor to send workers home.

Panama Canal Considers Expansion to Accommodate U.S. LNG Transit Surge

The Panama Canal is in talks with U.S. LNG producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal's administrator Ricaurte Vasquez told Reuters in an interview.

Sempra LNG Rethinks Bechtel Pick for Cameron LNG Expansion Amid Cost Concerns, Sources Say

Sempra LNG is revisiting its selection of Bechtel to build its Cameron LNG expansion project in Louisiana due to rising construction costs, two people familiar with the matter told Reuters.

Saudi Arabia to Reduce Crude Oil Supply to China by 5.8 Million Barrels in June, Sources Say

The supply cuts come after the world's top exporter Saudi Aramco hiked official selling prices (OSPs) for most of its crude to Asia to the highest in five months despite weak refining margins.

NextDecade Eyes Train 4 FID for Rio Grande LNG Phase 1 in Late 2024

NextDecade is advancing swiftly with its Rio Grande LNG Facility, as it eyes a significant milestone in the second half of 2024.

Mountain Valley Pipeline Repairs Leak, Proceeds with West Virginia-Virginia Gas Line Testing

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service.

Pembina Pipeline Downplays Investment Prospects in Trans Mountain Expansion

Canada's Pembina Pipeline Corp. is not spending much time considering investment in the newly expanded Trans Mountain oil pipeline (TMX) due to uncertainty around shipping tolls, a company executive said on Friday.

U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25

U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.

Enbridge Exceeds Profit Expectations Amid Strong North American Oil Demand

North American pipeline operator Enbridge beat market estimates for first-quarter profit on Friday on strong demand for transporting oil.

CGG, Baker Hughes Join Forces for Carbon Capture and Storage Solutions

CGG has signed a memorandum of understanding with Baker Hughes at the 2024 Offshore Technology Conference in Houston to facilitate the parties exploring jointly offered carbon capture and storage solutions.

Enbridge Launches Binding Open Season for 850-Mile Gray Oak Oil Pipeline

Gray Oak Pipeline LLC, a joint venture among the pipeline system's owners, has announced a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day.

Black & Veatch Completes Feasibility Study for Andes Energy LNG Terminal

Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a LNG regasification terminal and power plant located near the port city of Buenaventura on Colombia’s Pacific coast.

Trump Targets LNG Exports in Meeting with Oil CEOs, Promises Reversal of Biden Policies

Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.