Business & Markets
Baghdad, Erbil Sign Deal to Restart Northern Oil Exports
Turkey stopped pumping about 450,000 b/d of Iraqi crude through a pipeline from the Fish-Khabur border area to its Ceyhan port on March 25 after Iraq won an arbitration case.
US LNG Exports Back on Rising Track, Reached Record in March
U.S. producers of LNG last month regained momentum as the country's second-largest exporter Freeport LNG ramped up output, sending total shipments to an all-time record of 7.73 million tonnes, data showed on Monday.
JDR Secures Umbilical Contract with Petrogas Transportation
(P&GJ) — JDR, the global subsea cable supplier and servicer, has been awarded a contract by Petrogas E&P Netherlands to supply two umbilicals for the A15 and B10 offshore conventional gas fields in the Netherlands.
Sources: Ovintiv Nears $4 Billion Deal to Acquire EnCap’s Permian Oil, Gas Assets
Ovintiv Inc. is nearing a deal to acquire oil exploration and production assets in the Permian Basin that are controlled by private equity firm EnCap Investments for about $4 billion including debt, people familiar with the matter said on Sunday.
Perspective: Why US Natural Gas Output Keeps Rising as Prices Sink
U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (MMBtu) for the second time this year, even as some producers have cut drilling to stave off further convulsions.
Philippines Set to Receive First-Ever LNG Cargo for Power Generation
The Philippines has bought its first-ever LNG cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant, global energy trader Vitol said on Monday.
Iraq to Ask Turkey to Restart Northern Oil Exports After Initial KRG Deal
Iraq's federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday, and Baghdad will write to Turkey to request a resumption in pipeline flows.
China’s LNG Imports to Show Small Rebound in 2023
The import rebound could be smaller than some analysts anticipate because domestic gas production is rising strongly and the country has mostly completed its transition to natural gas for urban residents.
Spire Adds Storage in Rockies, Western US
(P&GJ) — To meet the growing energy demands in the Rockies and Western U.S., Spire Storage is expanding its facilities in Wyoming, with partial availability of additional natural gas storage capacity becoming available in 2024.
Pipeline Operator Enbridge to Invest $2.9 Billion to Build Ammonia Plant in Texas
Norwegian fertilizer maker Yara and Canadian pipeline operator Enbridge plan to invest up to $2.9 billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday. The plant, which would be Yara's biggest, would be built at an Enbridge oil storage and export facility near Corpus Christi, with production to start around 2027-28.
Uganda Approves Construction of 898-Mile Crude Pipeline
Uganda approves construction of 898-mile crude pipeline, Biden backs scaled-back ConocoPhillips Alaska oil project, construction of 106-mile gas pipeline to Serbia underway, Coastal GasLink pipeline costs expected to top $10 billion and more.
INGAA Chairman Amato Sees Permitting, Workforce Development Among Priorities
(P&GJ) — New INGAA Foundation Chair Paul Amato doesn’t exactly come from the hotbed of the natural gas industry, but in a manner of speaking, he became part of it as soon as possible. During this interview with P&GJ, Amato discusses, among other issues, his first impressions of INGAA, training and retaining younger talent, and keeping an eye on methane reduction and other permitting issues.
SGA’s New Chair Stresses Operational Excellence
(P&GJ) — The new chair of the Southern Gas Association (SGA), Luke Litteken, started his career in natural gas right out of technical college taking a job with Minnegasco (now CenterPoint Energy) in Minnesota as a technician, partly because he enjoys the outdoors. Twenty-five years later, he had the opportunity to move over to Xcel Energy, where he is now the senior vice president of the gas business.
US Could Buy Back Oil for Strategic Reserve Late This Year
The U.S. could start buying back crude oil for the Strategic Petroleum Reserve late this year after President Joe Biden last year directed the largest ever sale from the stockpile, Energy Secretary Jennifer Granholm said.
Explainer: What Is the Iraq-Turkey Oil Pipeline Dispute and Who's on the Hook?
An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
Venture Global LNG Delays Commercial Ops at Calcasieu Pass in Louisiana
U.S. liquefied natural gas company Venture Global LNG told federal energy regulators and customers this week that it needs to make repairs at Calcasieu Pass in Louisiana that will delay the start of the export plant's full commercial operations.
Finland's Floating LNG Terminal to Receive First Commercial Cargo
Finland is set to receive the first commercial delivery of LNG to the Inkoo floating terminal set up to replace Russian gas supply after the start of the war in Ukraine.
Learning to Manage Risk of Over-Pressurizing Gas Pipelines
(P&GJ) — According to data from the International Energy Agency (IEA), in 2020, the world consumed 3.7 Tcf of natural gas. In other words, nearly 10 billion cubic meters of natural gas was transported daily from production sites to homes, businesses, and power plants worldwide through pipelines spread across millions of miles. Most of these pipelines operate underground, 24/7, quietly delivering a vital service to people across continents.
ABB India Automates 81-Mile India-Bangladesh Cross-Border Oil Pipeline
(P&GJ) — ABB India has delivered integrated automation and control solutions to enable the safe operation of the 130-km (81-mile) Indo-Bangla Friendship Pipeline (IBFPL), which will carry diesel from India to Bangladesh.
Tass: Gas Pipeline Under Repair in Siberia Catches Fire
A natural gas pipeline that was being repaired in northern Siberia caught fire on Wednesday but there was no disruption to supplies, Tass news agency cited Gazprom as saying.
Analysts: Financial Hurdles Rise for Green-Lighting New US LNG Plants
The banking crisis added a new snag to rising interest rates and supply chain shortages for these multibillion-dollar projects, which months ago were seen as sure bets. Two of four new projects aiming for a financial okay this quarter have been pushed back, and others will face that higher bar, said analysts.
Oil Firms Halt or Cut Output in Iraqi Kurdistan After Pipeline Closure
Producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline, company statements showed, with more outages on the horizon.
Fed Survey: Activity in Top US Oil Fields Stall, Outlook Sours
U.S. oil and gas activity stalled in the first quarter as production gains slowed and drillers' outlooks turned negative, according to a survey released on Wednesday by the Federal Reserve Bank of Dallas.
QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks
Qatar's state-owned energy company on Wednesday signed a deal to acquire from Exxon Mobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.
Colombia Cano Limon-Covenas Oil Pipeline Pumping Suspended for 12 Days
Oil transportation company Cenit, a wholly owned subsidiary of Colombia's majority state-owned energy company Ecopetrol, has suspended pumping operations along the Cano Limon-Covenas pipeline for 12 days as of Tuesday due to attacks on the infrastructure, it said.
EU Countries Seek Legal Option to Stop Russian LNG Imports
European Union countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG to EU nations by preventing Russian firms from booking infrastructure capacity.
BP, ADNOC Offer to Buy 50% of Gas Producer NewMed Energy for $2 Billion
BP and Abu Dhabi's state oil giant ADNOC on Tuesday offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.
SocGen Says It Has Pulled Out of NextDecade’s Rio Grande LNG Project
Societe Generale pulled out of Texas-based energy company NextDecade's Rio Grande LNG project last year, the French bank disclosed for the first time on Tuesday, in news that could help explain the project's repeated delays.
MOL Group Receives 617,000 Barrels of Crude Via the Adria Pipeline
(P&GJ) — MOL Group said this shipment constitutes well-to-wheel integration of its value chain as it will process and sell petroleum products refined at one of its own refineries using crude oil produced at a field it co-owns.
Senstar Wins Security Contract for Oil Pipeline Project in Africa
(P&GJ) — Senstar Technologies, a provider of sensing and information management solutions for the protection of critical infrastructure, has been awarded a significant oil pipeline project in Africa.
- 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
