Business & Markets
Perspective: China’s Gas Conundrum – Cleaner Air but Growing Security Risk
China has made significant progress building a gas distribution network to supply residents in major urban centers, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.
Excelerate Energy, ExxonMobil, Albania Agree to LNG Terminal Study
Excelerate Energy, ExxonMobil LNG Market Development and the Republic of Albania (The Ministry of Infrastructure and Energy) signed a Memorandum of Understanding to conduct a feasibility study for the potential development of a liquefied natural gas (LNG) Project in the Port of Vlora in Southern Albania.
KKR Seeks $12 billion for Flagship Infrastructure Fund
Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects.
Kinder Morgan Forms Energy Transition Ventures Group
Pipeline company Kinder Morgan said on Friday it had formed a new Energy Transition Ventures group to focus on low-carbon energy initiatives.
Brookfield Stays Committed to Hostile Inter Pipeline Takeover
Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.
EnerMech Secures Five-Year Deal with Chevron Australia
Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.
Russia's Rosneft to Sell Southern Assets, Focus on Vostok Oil
Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May as Russia's top oil company shifts focus to the giant northern Vostok Oil project.
Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up
Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.
EIA Expects Crude to Average Near $50 Per Barrel Through 2022
The U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids to be greater than global supply in 2021, especially during the first quarter, leading to inventory draws.
Subsea Pipeline Could Double Israeli Gas Exports to Egypt
A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said.
Reusing Gas Infrastructure for Hydrogen Transportation
The EU’s “Hydrogen Strategy for a Climate-Neutral Europe” of July 2020 is only the latest in a series of programs designed to foster the use of hydrogen to decarbonize and integrate the energy system.
FERC Chairman Details Position on Natural Gas Pipelines
FERC Chairman Richard Glick does not want his intentions to review natural gas pipelines more thoroughly to be interpreted as him being opposed to gas pipelines altogether, he said.
Cash Infusion Provides Push for New Central European Gas Pipe
European Bank for Reconstruction and Development (EBRD) acquired a 25% stake from Transgaz, the parent company of Vestmoldtransgaz, for $24.2 million (€20 million).
Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid
Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.
Black Bear Transmission Sells Alabama Gas Gathering Assets
The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.
Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market
German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) on the Frankfurt stock exchange in the first quarter to accelerate growth in the hydrogen market, its biggest shareholder said.
Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal
Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.
Gas Storage Ups and Downs
Coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and an important market in the U.S. energy picture – has been impacted by the pandemic, but even more so, by demand growth, cancellation of major pipeline projects and the push for electrification and green energy.
US LNG Exports: Uneven Pathway from Oilfields to Terminals
Analysts believe a second wave of global LNG demand is coming in the mid-part of this decade, despite 2020's severe downturn in global energy markets.
Canadian Natural Resources Beats Profit Estimates
Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.
CERAWEEK: Pipelines Needed for U.S. Natural Gas Export Demand Growth
Moving natural gas from the states where it is produced to places where it can be consumed or exported will become increasingly challenging, requiring infrastructure including pipelines.
Argentina's Vaca Muerta Growth Depends on LNG to Asia
Argentina needs to plan and build more liquefied natural gas (LNG) capacity to accelerate the development of its largest shale play, Vaca Muerta, the CEO of Pan American Energy said.
U.S. Natural Gas Production Decreased by 1% in 2020
U.S. natural gas production — as measured by gross withdrawals — averaged 111.2 billion cubic feet per day (Bcf/d) in 2020, down 0.9 billion Bcf/d from 2019.
CERAWEEK: Natural Gas Can Help Solve Climate Change, Industry Reminds Policymakers
The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference.
Energy Firms Bet on Hydrogen Boom, but Payday Far Away
Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.
Australia’s Western Gas, APA Group Studying Potential Gas Pipeline
Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a potential 130-mile (210 km) offshore pipeline and a transcontinental pipeline, the companies announced.
Oil Optimism Unwinding Market's Mad Dash for Storage
When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts.
Lithuania to Poland LNG Pipeline to Come Online Next Year
Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.
Europe's Unusually Low Gas Stocks Set to Underpin Prices
European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.
Nigeria's Seplat Cutting Costs, Keeping Acquisitions on the Radar
Nigerian oil and gas company Seplat aims to cut costs and is looking out for acquisitions even after the crash in crude prices eroded its 2020 revenue.
- 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
