Business & Markets
Biden Sidelined Global Energy Partners with Record Emergency Oil Release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own.
Spain's Gas Imports Rise 16% Driven by Seaborne LNG Purchases
Spain's natural gas imports in March rose 16% from a year earlier, driven by more purchases of seaborne LNG, government data showed on Monday.
Japan to Ban Russian Oil Imports 'In Principle,' Prime Minister Says
Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
Sempra Sees Decision on New Cameron LNG Train in Louisiana in 2023
Sempra said in its first quarter earnings release that Cameron LNG plans to complete development work on the fourth liquefaction train in 2023 and plans to make a final investment decision afterwards.
Bulgaria and Greece Plan Joint Gas Purchases for Southeast Europe
Bulgaria and Greece have agreed to seek joint gas deliveries for southeastern Europe and decrease its reliance on Russian gas amid the war in Ukraine, Bulgarian Energy Minister Alexander Nikolov said.
OMV CEO Warns of Possible Further Writedowns on Russian Gas Field
Austrian oil and gas group OMV could require further writedowns on its Yuzhno-Russkoye gas field in Russia that it bought a 24.99% stake in from German energy supplier Uniper for about $1.8 billion.
Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas
Germany took steps to ramp up LNG imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units and choosing the North Sea port of Wilhelmshaven as the first handling hub.
China's CNOOC Awards $2.4 Billion in LNG Tanker Building Contracts
China National Offshore Oil Company (CNOOC) has awarded $2.42 billion worth of contracts to build 12 LNG tankers and each tanker will be able to carry up to 174,000 cubic meters of LNG.
Energy Transfer Announces Higher Transportation Volumes for Q1 2022
Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.
Swiss Court Rules on Which Gas Imports Are Subject to CO2 Tax
A Swiss court has ruled that natural gas imported to power turbines for compressing gas in the transit pipeline is not subject to the national carbon tax designed to curb the use of fossil fuels and protect the environment.
Guyana, Exxon Discuss Pipeline to Bring Natural Gas Ashore - Minister
Guyana has started discussions with Exxon Mobil Corp. to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston.
Greece, Bulgaria to Build New LNG Terminal to Help Cut Reliance on Russia
A new LNG facility to be built off the northern Greek port of Alexandroupolis and carry gas to the shore via a 28-km long pipeline is expected to help create a new gas route for Europe and cut reliance on Russian gas.
Nigeria Oil Minister Says Russia Interested in Gas Pipeline to Morocco
Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016/ Besides linking the two countries, the 5,660 km (3,517 miles) pipeline is also expected to connect some other African countries to Europe.
Energy Transfer to Supply LNG to SK Gas in 18-Year Deal
Energy Transfer LP has executed a long-term sale and purchase agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum (MTPA) of LNG from Energy Transfer’s Lake Charles LNG export facility.
Coterra, Devon Study New LNG Opportunities
Shale producers Coterra Energy and Devon Energy on Tuesday said they were evaluating new opportunities tied to LNG but warned of a "crowded" market and challenging economics.
MPLX to Move Forward with Permian, Bakken Pipeline Expansion Projects
MPLX LP will advance projects focused on expansions and reducing bottlenecking on its crude and natural gas long-haul pipelines in the Permian and Bakken, starting with the 450-mile Whistler pipeline that transports from the Permian to South Texas.
Enbridge Invests $6.6 Million in Smartpipe’s Innovative Pipeline Technology
Smartpipe Technologies has received a $6.6 million investment from Enbridge Inc. for its innovative pipeline technology, designed to improve pipeline safety and allow for the transportation of hydrogen and carbon dioxide.
GHD and PG&E Partner on Hydrogen, Natural Gas Blending Project in California
GHD has entered a partnership with PG&E to conduct a complete study of different levels of hydrogen blends in natural gas pipeline systems.
Energy Transfer, Gunvor Ink 20-Year LNG Supply Deal
U.S. pipeline company Energy Transfer LP will supply two million tonnes of LNG per annum to the Singapore unit of trading house Gunvor Group Ltd. as part of a 20-year deal signed on Monday.
NextDecade Executes 15-Year US LNG Deal with France’s Engie
NextDecade Corp. announced the execution of a 15-year sale and purchase agreement with Engie SA for the supply of LNG from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.
Enterprise Products Sees Volumes Rise 16% on Crude Pipeline
Enterprise Products Partners' reported volumes climbed 16% on its Midland-to-ECHO pipeline, which transports crude from the heart of the Permian basin to Enterprise's ECHO terminal in Houston.
Origin Energy's Revenue from APLNG Project Jumps 78% on Strong Prices
Australia's Origin Energy posted a 78% jump in third-quarter revenue on Friday from its stake in the Australia Pacific LNG (APLNG) project due to higher spot LNG prices and realized oil prices.
Portugal Plans to Use Sines Port for Shipping LNG to Europe
Portugal plans to double the capacity at Sines port to handle LNG tankers and transfer the LNG on smaller vessels to European countries dependent on piped gas from Russia.
Chevron's Profit Nearly Quadruples, Vows More Natural Gas Investment
Chevron Corp. posted its highest quarterly profit in 10 years on Friday as oil and gas prices surged and said it was looking to boost investment in natural gas on rising world demand.
Shell Sees Volumes on Mars Oil Pipeline System Rise in First Quarter
Shell Midstream Partners said volumes on its Mars oil pipeline system, a major corridor oil pipeline in the offshore Gulf of Mexico, rose during the first quarter, as repairs completed in the wake of Hurricane Ida allowed it to run at normal operating levels.
Atlanta Gas Light to Double Capacity with Expansion of Georgia LNG Facility
Atlanta Gas Light announced plans to expand its LNG facility in Cherokee County, Georgia, by adding a second LNG tank at the location, allowing it to double its capacity and stay ahead of projected natural gas demands.
Virginia Natural Gas to Deploy Drones to Inspect 5,500 Miles of Gas Pipeline
Virginia Natural Gas said it will use drones to perform equipment inspections across its natural gas infrastructure. The drones will begin flights across Hampton Roads conducting inspections of critical infrastructure, right-of-way assessments, and 5,500 miles of gas pipeline.
Duke Energy Invests in Two Renewable Natural Gas Projects in North Carolina
Duke Energy has invested in two new projects to convert landfill gas from two North Carolina landfills into renewable natural gas. Each project is projected to produce roughly 500,000 dekatherms of RNG each year.
Uniper Sees Russian Gas Imports as Safe Despite Supply Stop to Poland, Bulgaria
Uniper sees Russian gas flows into Germany as secure for now despite a halt in supplies to Poland and Bulgaria as transit volumes headed elsewhere would be unaffected, Germany's top importer of Russian gas said on Wednesday.
Anaergia Commissions First of Seven Renewable Natural Gas Facilities in Italy
Anaergia Inc. has commissioned its Easy Energia Ambiente facility on Wednesday in Pontinia, Italy. The facility will convert food waste diverted from landfills into renewable natural gas that will be injected into the region’s gas pipelines.
- 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
- US Poised to Become Net Exporter of Crude Oil in 2023
