Business & Markets
DOE Launches $8 Billion Program for Clean Hydrogen Hubs across US
The U.S. Department of Energy filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday.
US Natural Gas Futures Drop 5% on Explosion at Texas Freeport LNG Plant
U.S. natural gas futures dropped about 5% on Wednesday on reports of a fire at the Freeport LNG export plant in Texas and early midday forecasts calling for less heat and demand over the next two weeks than previously expected.
Freeport LNG Plant Suffers Explosion, Nearby Residents Evacuated, Police Say
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby residents in Quintana, Texas.
Russia Hikes Oil Exports from Major Eastern Port to Help Offset EU Ban
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions.
US Envoy Expected to Visit Beirut Next Week Over Israel Gas Dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament source and local media.
Qatar to Select Exxon, Total for Mega-LNG Expansion Project
Exxon Mobil Corp. and TotalEnergies are expected to be awarded with a piece of the $30 billion-dollar LNG expansion project in Qatar, which will strengthen the country's position as the world's top exporter of the super-chilled fuel.
Shale Gas Producer Chesapeake Energy Aims to Expand Push into LNG
Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas adviser, according to a job listing, as it seeks to expand into the fast-growing export market.
Closely Watched Exploration Well Off Western Australia Finds No Gas, Oil
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.
Israel Rejects Lebanese Accusation About Gas Field, Says Conflict Unlikely
Israel has denied a Lebanese allegation it is encroaching on a disputed Mediterranean natural gas field, playing down on Monday any prospect of conflict over the dispute.
Sources: US to let Eni, Repsol Ship Venezuela Oil to Europe for Debt
Eni and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.
Energy Transfer Signs 25-Year Deal to Supply LNG to China Gas
Energy Transfer LNG, a unit of Energy Transfer LP, entered into a deal to supply 0.7 million tonnes of liquefied natural gas a year to China Gas Holdings on a free-on-board basis for 25 years.
Texas Pacific Land, Milestone Carbon to Conduct Carbon Sequestration Study in Permian Basin
Texas Pacific Land Corp. and Milestone Carbon LLC have signed a Letter of Intent to evaluate the geological and geophysical characteristics of roughly 21,000 acres in the Permian Basin for the purposes of sequestering captured CO2.
Data Shows May US LNG Exports Reach 2nd Highest as Latin America Shipments Gain
The United States exported 7.29 million tonnes of LNG last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data.
Commissioner: EU Countries Can Tap Recovery Fund to Boost LNG Capacity
European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their LNG capacity, EU Commissioner Paolo Gentiloni said on Saturday.
Argentina Announces Tender to Build New Vaca Muerta Gas Pipeline
Argentina has launched a tender process to build a new 563-km (350-mile) gas pipeline out of its huge Vaca Muerta shale formation that is estimated to cost $1.5 billion and take about 18 months of work to complete.
New Fortress Eyes $3 Billion Investments in Mexico
U.S. firm New Fortress Energy is considering various investments in Mexico's energy sector that could be worth $3 billion, according to President Lopez Obrador who said the potential projects could include a LNG facility.
Bosnian Region Extends Gazprom Gas Deal Until End-2022
Bosnia's major gas importer Energoinvest has extended a deal on gas supplies with Russia's Gazprom until the end of the year under unchanged conditions.
Magellan, Enterprise Announce Update on Terminal Transfers of Midland WTI AGC Futures
The waived transfer costs apply to EFP and ADP deliveries in addition to all volume that goes to delivery through the HOU futures contract and is executed in accordance with ICE’s rules and will remain in effect through March 31, 2023.
Kinder Morgan Says Oil Vessel Charter Rates Gain After Ukraine Crisis
Day rates for vessels that move oil and refined products between U.S. ports rose after the United States banned Russian oil and product imports this year, according to Kinder Morgan CEO Steven Kean.
Norway LNG Plant Resumes Output, Boosting Gas Exports
Norway's Hammerfest liquefied natural gas plant has restarted production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.
Philippine Tycoon Razon to Buy Majority of South China Sea Gas Field
Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.
Hydrogen Blending Well into Climate Change Discussion
The venerable international energy conference, CERAWeek, returned as a live, week-long venue in Houston the second week of March, touting its usual lineup of speakers from around the globe and its topics from A to Z in the energy space.
Poland Could Build Second Unit to Receive LNG amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit next to an already planned installation because the Czech Republic and Slovakia are interested in buying more LNG, the Polish climate minister said.
Nigeria Okays Next Step for New Gas Pipeline via Morocco to Europe
The new gas pipeline from Africa to Europe will be 5,660 km (3,517 miles) long and construction will be in phases covering 25 years. The pipeline is expected to be built both onshore and offshore.
Shell Greenlights $2.5 Billion Crux Gas Project Off Australia
Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3.6 million tonne a year Prelude floating liquefied natural gas facility, the oil and gas major said in a statement.
Snam Buys Regasification Vessel as Italy Diversifies Energy Supplies
Italy's state-controlled Snam has agreed to buy a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG, as Rome works to cut its reliance on Russian gas.
Gazprom Cuts Gas Supply to Orsted and Shell Energy
Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies' failure to make payments in rubles.
Oil Turns Negative as OPEC Eyes Russia Suspension from Output Deal
Oil prices turned negative on Tuesday after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.
Croatia Ready to Increase Adriatic Oil Pipeline Capacity, Hungary Says
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline, Hungary's foreign minister said on Tuesday.
Spain Expects EU to Pay for Gas Connections with Neighbors
Spain and Portugal, which have little dependence on Russian energy supplies, want an additional gas pipeline to be built between Catalonia and France so the Iberian countries can regasify imported LNG and send it on to central Europe.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
