Business & Markets
Certarus, RNG Moovers Agree on Delivery of Renewable Natural Gas
Certarus will be responsible for the delivery of renewable natural gas (RNG) from several dairy farms in California to gas pipeline injection points, where it will help to meet the growing demand for lower carbon intensity fuel.
Russia's Transneft Posts 26% Fall in 2020 Net Profit
Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.
Australian State Rejects AGL Energy's Plan to Import LNG
Victoria state rejected a plan by AGL Energy to build an LNG import terminal, effectively killing a proposal designed to help fill an expected shortfall in gas supply in southeast Australia from 2024.
Perspective: Australia's Natural Gas Industry Should Worry About Demand, Not Supply
Australia, the world's largest exporter of liquefied natural gas, is facing a dilemma when it comes to domestic demand for the fuel, as the government's plans for a gas-fired economic recovery run into some confronting realities.
Cheniere Announces Completed Construction of Train 3 at Corpus Christi Liquefaction Project
Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody and control of Train 3 to Cheniere.
As Suez Canal Reopens, Number of LNG Vessels Waiting to Enter Jumps
A total of 16 vessels carrying liquefied natural gas (LNG) were prepared to enter the Suez Canal, double the number from Friday, according to cargo tracking firm Kpler, as stranded container ship Ever Given was freed on Monday after a nearly week-long stranding.
NextDecade, Oxy Low Carbon Ventures Agree on CO2 Transportation and Storage in South Texas
NextDecade Corporation and Oxy Low Carbon Ventures executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas, the companies announced.
Suez Ship Congestion Could Delay LNG Deliveries to Europe
A container ship blocking the Suez Canal, one the world's busiest trade routes, could delay delivery of millions of tons of LNG to Europe if the vessel stays stuck there for two weeks, analysts said.
Perspective: U.S. Gas Industry Increasingly Relies on LNG Exports
U.S. gas producers have become increasingly reliant on LNG exports to Europe and Asia to absorb their growing output and prevent domestic prices from plunging as a result of oversupply.
Annova Cancels Texas LNG Export Facility Project
Annova LNG announced the immediate cancellation of its liquified natural gas (LNG) export facility under development in Brownsville, Texas, due to changes in the global LNG market.
Suez Canal Steps Up Efforts to Remove Blockage as Shipping Rates Surge, Tankers Diverted
The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent shipping rates for fuel tankers soaring and disrupted global supply chains for everything from grains to baby clothes.
Egypt's SUMED Pitches Use of Pipeline as Suez Crisis Drags
Egypt's SUMED pipeline operator has approached oil traders to ask if they wanted to book their system to transport crude oil as a blockage of the Suez Canal by a container ship drags,
Singapore Appoints Two More Term LNG Importers
Singapore's Energy Market Authority has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) as term liquefied natural gas importers for the city state, increasing the number of players to four.
INEOS Energy to Sell Norwegian Oil and Gas Business to PGNiG for $615 million
INEOS Energy has agreed to sell its Norwegian oil and gas business to Poland's PGNiG Upstream Norway AS for $615 million.
Tugs Work to Free Giant Container Ship Stranded in Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.
Saudi Aramco Sends Request for Pipeline Deal Financing
Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.
Top U.S. Gas Utility Sets Net Zero Emissions Goal for 2045
Southern California Gas Co, the largest U.S. gas distribution utility, set a target to achieve net zero greenhouse gas emissions by 2045, aligning with the state's target to become carbon-neutral within 25 years.
Lucid Energy Commissions Cryogenic Processing Plant in the Delaware Basin
The Red Hills V plant has the capacity to process 230 million cubic feet of natural gas per day (MMcf/d) and brings the total capacity of Lucid’s natural gas processing franchise in the northern Delaware Basin to 1.2 billion cubic feet per day.
White House Climate Czar and Big Oil Meet, Talk Cooperation
Representatives from the oil and gas industry and national climate adviser Gina McCarthy struck a cooperative tone following a meeting where the two sides discussed how companies can align with the Biden administration's ambitious climate goals.
Venezuela Gas Pipeline Tract Explosion Blamed on Attack
A tract of a gas pipeline in eastern Venezuela suffered an explosion on Saturday afternoon, according to a report from state oil company PDVSA seen by Reuters, an incident the country’s oil minister blamed on an attack.
Friedrich Vorwerk’s Energy Expertise Could Attract Investors
German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at 45-48 euros ($53.55-$57.12) per share, one of the bookrunners organizing the deal said on Monday.
U.S. Drillers Add Most Oil & Gas Rigs in a Week Since January
U.S. energy firms added the most oil and natural gas rigs in a week since January even as oil prices this week pulled back from a recent 28-month high.
NYC Natural Gas Ban Costs Potentially ‘Astronomical’
A New York City ban on natural gas connections in new buildings by 2030 and announced policies to ban natural gas and other fossil fuels in large buildings by 2040 could cost New York City households upwards of $25,000, a study shows.
Peru's Ultra-Conservative Candidate Could Kick Out Odebrecht
Peru's Rafael López Aliaga, an ultra-conservative member of Opus Dei, has a serious shot at becoming the Andean country's next president.
Ameren Modernizing Natural Gas Pipelines in Illinois
Crews will replace vintage steel transmission pipeline from the 1950s around Belleville with new, 16-inch steel pipeline.
Brazil Hopes to Attract Natural Gas Investors with New Law
Under the bill, companies interested in building gas pipelines will need a simple authorization rather than a more complex concession contract.
Perspective: U.S. Gas Stocks and Prices Normalize After Cold Snap
U.S. gas prices have fallen to levels that prevailed before severe winter weather hit Texas in mid-February, confirming the big freeze is not expected to create a lasting shortfall later in the year.
Analysis: Germany Bets U.S. Will Make the Best of 'Bad Deal' Nord Stream Gas Link
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition.
Thai Energy Firm PTTEP Expanding Midstream Investments
Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to have new businesses account for 20% of its profits by 2030, with a focus on gas-to-power.
Natural Gas Pipeline Projects Increase U.S. Transportation Capacity
From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, EIA reported.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- 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
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
