Business & Markets
Hydrogen’s Importance in Looking Beyond Climate Change
(P&GJ) — Looking back two decades when actor-turned-politician Arnold Schwarzenegger was governor of California, stakeholders in the nation’s most populous state were talking about creating a “Hydrogen Highway” for alternative fueled transportation.
Enbridge Sells Inactive North Dakota Oil Pipeline to MHA Nation for Reservation's Oil Transportation
(P&GJ) — In order to assist in bringing oil from wells on its reservation to the general market, a Native American tribe in North Dakota purchased an empty pipeline from Canadian pipeline operator Enbridge.
First Discounted Russian Crude Oil Cargo Arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
EIA: US Oil Output to Rise to Record High in July But Growth Narrowing
Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise by 1,000 bpd to a record-high 5.76 million bpd. That would be the smallest monthly increase for the region since February.
Focus: Rich US Subsidies May Hobble Canada's Clean-Fuel Efforts
Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada $7.5 billion of investment and undermine Prime Minister Justin Trudeau's efforts to build a greener economy.
Repurposing Pipelines for Hydrogen Transportation
(P&GJ) — The energy transition and climate targets have created a pressing need to scale technologies to decarbonize hard-to-abate sectors, many of which require low-carbon gases as well as greater electrification.
NET Power, Rice Acquisition Merge to Accelerate Clean Natural Gas Power Generation
(P&GJ) — Occidental's president and CEO, Vicki Hollub, expressed confidence in NET Power's transformative technology, stating that it aligns with Occidental's net-zero ambitions by delivering nearly emissions-free power to their Permian Basin operations and upcoming direct air capture sites.
Trinidad to Restart Idled LNG Unit by Early 2027 Amid Restructuring
Trinidad and Tobago aims to restart an idled LNG unit by the first quarter of 2027 after agreeing to restructure the facility's ownership and negotiate new gas supplies, according to three people with knowledge of the plans.
US Buys 3 Million Barrels for Oil Stockpile, Announces Plan for 3 Million More
The U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.
Software Adds Efficiency for Companies Transporting, Storing Hydrogen
(P&GJ) — Decarbonization is a critical challenge facing the world today, and the expansion of renewable energy sources is a key component of addressing this challenge. In the face of changing corporate and public goals with regards to the low-carbon energy transition and changing energy landscape, many companies are looking for opportunities to support more sustainable forms of energy.
Russia's Novatek Offered Argentina Know-How to Liquefy Gas from Vaca Muerta
Last year, Russia's largest producer of LNG Novatek offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said. However, the talks have since broken off.
LNG Developer Venture Global Spars with Customers Over Cargoes
Venture Global LNG, which is building three multibillion-dollar U.S. LNG processing plants, is sparring with two customers of its first project over mechanical failures that have prevented commercial deliveries a year after initial shipments began.
IDB Approves $400 Million Loan to Develop Chile's Green Hydrogen Industry
The green hydrogen industry is an opportunity for Chile, the development bank said, due to Chile's ability to produce renewable energy at low cost.
Oil Prices Partially Recover After US, Iran Deny Reported Nuclear Deal
Oil fell by more than $3 on the report that the U.S. would give Iran sanctions relief to export oil in return for Tehran reducing uranium enrichment.
Enbridge Sees Canada Woodfibre LNG Export Plant in Service in 2027
Enbridge Inc.'s Woodfibre LNG partnership in British Columbia is on track to enter service in 2027, Cynthia Hansen, president of gas transmission and midstream at the Canadian energy company, said on Thursday.
Germany Welcomes Construction of Hydrogen-Ready Pipeline with Italy
The 3,300-km (2,050-mile) project is led by four major European transmission system operators (TSOs): Snam, Trans Austria Gasleitung (TAG), Gas Connect Austria (GCA) and bayernets in Germany.
Williams to Complete Two US Natural Gas Pipeline Projects on Time in Q4 2024
U.S. energy company Williams Cos Inc. is on track to complete two natural gas pipeline projects in New Jersey and Louisiana on time by the end of 2024, the company's CEO Alan Armstrong told Reuters at the Reuters Global Energy Transition conference on Wednesday.
DeepOcean Wins Contract for Post-Lay Trenching Work Offshore Mexico
(P&GJ) — DeepOcean’s Mexican operation has been awarded a contract for the provision of post-lay trenching works on 30 km (19 miles) of pipeline offshore Mexico.
EIA: US Crude Inventories Notch Surprise Drawdown on Refinery Runs
U.S. crude oil stockpiles fell unexpectedly last week as refiners cranked out fuel to the highest level since 2019 during the Memorial Day holiday, the Energy Information Administration (EIA) said on Wednesday.
Grand Isle LNG Pitches Plan for LNG Export Facility Offshore Louisiana
(P&GJ) — Grande Isle LNG has put forward a plan for an offshore liquefaction facility with an annual capacity of 4.2 million tonnes. The proposed plant would be in federal waters, specifically on the West Delta blocks, approximately 13 miles off the coast of Plaquemines Parish, Louisiana.
Rising Imports, Falling Exports Push US Trade Deficit to Six-Month High
The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter.
Aramco, ENI Invest in UK-Based Low-Carbon Fuel Venture
The venture units of oil firms Saudi Aramco and Italy's ENI have joined the world's largest passenger carrier United Airlines to invest in British start-up OXCCU's efforts to slash the prohibitively high cost of lower-carbon aviation fuel, the companies said on Wednesday.
Canadian Overseas Begins Construction to Upgrade Gas Gathering System in Wyoming
(P&GJ) — The construction of the new high-pressure natural gas gathering system for the company's Barron Flats Shannon unit is expected to take two to three months. Phase 1a of the project is budgeted at up to $4.5 million.
Mexico Approves Export Permit for New Fortress Energy’s LNG Project
(P&GJ) — The permit will all New Fortress to export up to 7.8 million metric tons through April 2028, providing ample capacity to support the operations of the 1.4 MTPA Fast LNG facility through the permitted period.
Japan to Invest $107 Billion in Hydrogen Supply Over 15 Years
Japan plans to invest $107.5 billion over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to use the gas to shift to a low-carbon economy.
US Crude Oil Exports to Gain Tail Winds from Saudi July Output Cut
U.S. crude oil exports, already running close to a record level hit in March, should get a further boost next month from deep production cuts in Saudi Arabia, analysts said on Monday, noting that this will also further deplete U.S. crude inventories, which have been hovering near historic lows.
Exxon Mobil Signs Carbon Capture and Storage Deal with Nucor
(P&GJ) — Exxon Mobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an Exxon Mobil-owned facility in Louisiana.
Black Bear Transmission Sells 120 Miles of Gas Pipeline in Mississippi
(P&GJ) — Black Bear Transmission LLC has announced the divestiture completion of gas gathering assets owned by BBT Mississippi LLC to Skye MS, LLC of Columbia, Mississippi.
Commonwealth LNG Expects First US Export Permit in June
Commonwealth LNG expects the U.S. Department of Energy to approve a license as early as next month that would allow it to export LNG, according to Executive Chairman Paul Varello.
Constellation Energy to Buy Stake in Texas Nuclear Plant in $1.75 Billion Deal
NRG's 44% interest represents about 1,100 MW of output. Constellation operates 3,520 MW of natural gas-fired power plants in Texas and a couple of wind projects.
- TC Energy's Columbia Gas Pipeline Explodes Near Virginia's Interstate 81
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
