Business & Markets
NextDecade Vows Legal Battle to Keep Rio Grande LNG on Track
NextDecade will appeal this month to a federal court ruling that overturned the Federal Energy Regulatory Commission's approval of the initial phase of its $18.4 billion Rio Grande LNG project, CEO Matthew Schatzman said on Monday.
UTulsa Facility Advances Hydrogen Blending Research for Natural Gas Pipelines
U.S. Sen. James Lankford recently toured the University of Tulsa's hydrogen blending research facility, where ongoing studies explore integrating hydrogen into natural gas pipelines to reduce carbon emissions.
Amigo LNG Signs Deal to Supply Oman's OQ Trading from Mexico Facility
The Amigo LNG facility is a large-scale project on Mexico’s west coast, capable of producing 7.8 million tonnes per annum of LNG. It is being developed in partnership with the State of Sonora and the Port of Guaymas.
Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
Williams' Transco has applied for a temporary emergency certificate from FERC to continue operating its new $1 billion natural gas project running through five mid-Atlantic states after the regulator's approval was vacated.
Gas Flows to Cameron LNG Fall as Hurricane Francine Nears
The amount of natural gas flowing to the Cameron LNG export plant in Louisiana dropped on Tuesday, just one day before Tropical Storm Francine was expected to hit the Louisiana coast near Cameron as a hurricane, data from financial firm LSEG showed.
Enbridge Evacuates Gulf Platforms as Storm Francine Nears
Energy pipeline operator Enbridge has pulled employees from several offshore U.S. Gulf of Mexico platforms, the company told customers, as Tropical Storm Francine advanced toward a landfall in Louisiana.
TC Energy's $737 Million Indigenous Pipeline Deal Faces Delay
TC Energy's $737 million deal to sell a minority stake in its Canadian natural gas pipeline system to a consortium of Indigenous communities has been delayed due to a transaction structuring issue, the company said on Tuesday.
Permian Basin to Gain 7.3 Bcf/d in Pipeline Capacity Amid Gas Glut
New pipeline projects in the Permian Basin will add 7.3 Bcf/d of gas capacity, addressing growing production and easing pressure on Waha Hub prices.
Hungary's MOL Reaches Deals for Oil Transport Via Druzhba Pipeline
Hungary's MOL said on Monday it had reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
Williams Gains Chatham Council's Backing for Major Transco Pipeline Expansion
Virgnia’s Chatham Town Council has thrown its support behind the Transco Southeast Supply Enhancement Project with a unanimous vote. The proposed project includes constructing nearly 55 miles of new pipeline across Virginia and North Carolina.
U.S. Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
U.S. Gulf of Mexico oil and gas producers were evacuating staff and curbing drilling to prepare for Tropical Storm Francine on Monday as it churned through the energy region on a path to bring high winds and drenching rains to the U.S. mid-South.
Let's Talk Shop: Developing Sectors for Large and Maxi Rig HDDS
Examine the growing application of large and maxi horizontal directional drills (HDDs) beyond traditional oil and gas projects, highlighting insights from industry experts on the evolving use of HDDs in sectors like carbon capture, renewable energy, and water infrastructure.
Pembina Pipeline to Acquire Alberta Midstream Assets from Veren in $295 Million Deal
Canada's Pembina Pipeline said it will buy some infrastructure assets in Alberta Montney from oil producer Veren Inc. for about $295 million, to strengthen its midstream operations.
ADNOC Secures 15-Year LNG Supply Deal with Indian Oil
The Abu Dhabi National Oil Company has agreed a 15-year deal to supply Indian Oil with 1 million metric tons per annum of liquefied natural gas.
QatarEnergy Expands LNG Fleet with Six New Vessels from China State Shipbuilding
QatarEnergy has signed a deal with China State Shipbuilding Corporation to buy six additional ultra-large ships to carry liquefied natural gas, it said on Monday, raising such vessels it has on order to 128 as part of a fleet-expansion program.
Pipeline Incident in Missouri Triggers Natural Gas Leak, No Injuries Reported
A natural gas pipeline operated by Southern Star Central Gas Pipeline was struck by a construction crew in Missouri’s Cass County on Sept.6
U.S. Regulators Approve Startup Preparations for Plaquemines LNG Plant in Louisiana
Federal regulators on Friday gave Venture Global LNG permission to begin preparations for the start-up of liquefied natural gas equipment at its Plaquemines export plant in Louisiana, taking a step closer to first LNG production for the facility, about 20 miles south of New Orleans.
Texas Regulators Reject Gas Plant Proposal from State Financing Program Over Due Diligence Failures
Texas energy regulators have denied public funding requests for a proposed power plant days after naming the project as a finalist for a new state program aimed at building out natural gas-fired electricity generation, state documents show.
Poland's Orlen Secures Exclusive LNG Trans-shipment Deal in Lithuania
Polish top refiner Orlen has signed a five-year agreement with Lithuanian oil and gas logistics firm KN Energies for exclusive use of a waterfront LNG transshipment station in Klaipeda.
Azerbaijani President Confident on Ukraine Gas Route Talks
Azerbaijani President Ilham Aliyev said on Friday he was optimistic of a breakthrough in talks between Moscow and Kyiv to keep Russian gas flowing through Ukraine to several European countries.
Goldman Sachs Warns AI Could Weigh on Oil Prices, Reshaping Market Dynamics
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Sept. 3.
Crude Oil Bears Dominate as Market Ignores Bullish Signals
The response of crude oil markets to a series of developments this week shows how the bearish mindset is dominating the narrative.
Colombia Truck Protests Disrupt Key Pipelines, Threaten Ecopetrol Operations
Protests by truckers in Colombia, who are angry at an increase in diesel prices, have cut off the country's biggest cities and are threatening fuel supplies, though the government insists the hike is fair.
EOG Resources to Increase Utica Shale Activity in Ohio
"The Utica absolutely has the opportunity to be a foundational play," COO Jeff Leitzell said. "If we continue to have the success that we expect to, you can expect us to go ahead now and put more capital there."
U.S. Crude Stockpiles Fall to 1-Year Low as Imports Fall, EIA Says
Crude inventories, excluding the Strategic Petroleum Reserve, fell by 6.9 million barrels to 418.3 million barrels in the week ending Aug. 30, the EIA said, compared with analysts' expectations in a Reuters poll for a 993,000-barrel draw.
Texas Matterhorn Pipeline Begins Gas Flow, Could Boost Waha Prices, Permian Resources Says
The Matterhorn is the biggest gas pipe under construction that is capable of moving gas that has been trapped in the Permian basin, causing prices at the Waha Hub in West Texas to turn negative a record number of times this year.
Report: U.S. Oil, Gas M&A Nears 2023 High as Focus Shifts from Permian
Nearly $100 billion has been spent by U.S. producers on mergers and acquisitions so far this year, and another $46 billion in assets are currently for sale, according to analysts.
Crescent Energy Buys Eagle Ford Assets for $168 Million
Crescent Energy has announced the acquisition of assets from a private Eagle Ford operator for $168 million, the company announced on Sept. 4.
Williams Denies Report of Buyout Offer to Targa Resources
Williams Companies denied extending any offer to oil and gas transportation firm Targa Resources, after a report said the latter had rebuffed a takeover interest from the former.
Chesapeake Energy Continues Curtailing U.S. Gas Output Amid Low Prices, CEO Says
U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company's CEO Nick Dell'Osso said at the Barclays CEO Energy-Power Conference on Wednesday.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
