Business & Markets

Workers Sue Pemex Over Injuries from Texas Refinery Gas Leak

Three workers have filed a lawsuit against Mexico's national oil company Pemex for injuries allegedly caused by a hydrogen sulfide gas release at a Deer Park, Texas refinery.

Tulsa-based ONEOK Finalizes $3.3 Billion Acquisition of EnLink Stake from GIP

Tulsa-based ONEOK has finalized its $3.3 billion acquisition of a controlling interest in EnLink Midstream from Global Infrastructure Partners. The deal expands ONEOK’s asset positions in the Permian Basin, North Texas, and Louisiana, further strengthening its integrated midstream infrastructure.

ExxonMobil Explores Sale of Bakken Shale Assets in North Dakota

ExxonMobil is exploring the sale of a portion of its assets in North Dakota's Bakken shale, which includes over 800 wells across 49,000 net acres. The sale, part of Exxon's strategy to focus on high-growth assets, could fetch upwards of $500 million.

ConocoPhillips Fights to Maintain Creditor Priority in Citgo Auction

ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company.

Is the Oil and Gas Industry Ready for the Generational Shift?

As the oil and gas industry faces a monumental generational shift, a key question looms over its future: is it ready for the wave of retirements and the rise of a new, younger workforce?

Florida Gas Station Outages Decline as Recovery Efforts Continue After Hurricanes

Gas stations across Florida were resuming operations on Monday, easing fuel shortages as the state recovered from back-to-back hurricanes which caused widespread disruption.

India Sets $67 Billion Goal to Expand Gas Pipeline Network by 9,630 Miles

India is poised to nearly double its gas pipeline network by investing $67 billion over the next five years. Key projects include the Jagdishpur-Haldia Phase II pipeline and infrastructure developments in the northeastern states.

U.S. Northeast Outlook: Permitting Reforms Seen as Crucial to Region’s Energy Woes

The state of Massachusetts earlier in 2024 joined its fellow New England states, along with Delaware, Maryland, New Jersey and New York in signing a memorandum of understanding (MOU) to establish a framework for coordinating their activities to improve interregional transmission planning and development.

Projects October 2024

Explore the latest updates in pipeline and gas infrastructure, featuring new systems, expansions, and innovative developments shaping the industry. Stay informed on significant projects that enhance operational efficiency and drive growth in the energy sector.

Federal Court Slaps FERC’s Hands on Project Approvals

According to the Interstate Natural Gas Association of America (INGAA), 2023 saw the smallest increase in added interstate pipeline capacity on record in the United States.

Venture Global Delays LNG Deliveries to Italy's Edison Until 2025

Italian energy group Edison said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.

Phillips 66 Sells Swiss Venture Stake for $1.24 Billion, Targets $3 Billion in Divestitures

Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday.

Diamondback Energy Warns of Lower Q3 Oil and Gas Prices

Diamondback Energy on Thursday signaled lower prices for its third-quarter oil and gas production, making it the third U.S. shale producer to do so in just a week.

Imperative Chemical Expands with Acquisition of Performance Chemical

Imperative Chemical Partners has acquired Performance Chemical Company (PCC), a Midland-based provider of specialty chemical solutions for midstream and production operators in the oil and gas industry.

TotalEnergies Expands LNG Bunkering Fleet with New Vessel Charter

TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new liquefied natural gas (LNG) bunkering vessel, increasing the company’s global LNG bunkering capacity.

FERC Denies Shell Access to Older Commissioning Records in Venture Global LNG Dispute

Shell has lost a bid to have U.S. regulators allow it to view nonpublic commissioning documents related to Venture Global LNG's Calcasieu Pass facility, a setback in a broader dispute over access to cargoes from the plant.

U.S. Broadens Sanctions on Iran’s Oil Sector, Targeting 'Ghost Fleet' of Illicit Tankers

The U.S. has expanded sanctions against Iran's petroleum and petrochemical sectors in response to a missile attack on Israel. The new measures target Iran's 'ghost fleet' of oil tankers involved in illicit oil shipments, aiming to cut off financial resources for Iran’s missile programs and terrorist activities.

Building a Better Mousetrap for Coating Pipeline Girth Welds

The pursuit of building a better mousetrap can often pay off in big ways in terms of efficiencies. Such a productivity payout was the goal for finding a better solution for coating pipeline girth welds in the field – a solution that would speed up the coating process per weld.

Orlen Withdraws from Polaris CO2 Storage Project in Norway, Citing Low ROI

Initially expected to inject up to 6 million metric tons of CO2 annually, geological assessments revealed a lower capacity, prompting Orlen to explore other carbon capture initiatives while the project owner, Horisont Energi, seeks alternative strategies.

Berkshire Hathaway's Cove Point LNG Back Online After 3-Week Shutdown

Cove Point LNG in Maryland, owned by Berkshire Hathaway Energy, resumed production after a three-week maintenance shutdown. The 0.8-bcf/d facility's restart boosted U.S. gas exports, with gas flows jumping significantly, impacting Henry Hub prices.

Fatal Gas Leak at Pemex’s Texas Refinery Kills 2, Sparks Investigations

A deadly gas leak at Pemex's Texas refinery in Deer Park claimed two lives and injured 35 workers, prompting investigations into the cause. The accident, which released toxic hydrogen sulfide gas, has sparked concerns about safety protocols at the Mexican state-owned refinery.

U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits

A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.

PetroChina Exits Role as Committed Shipper on Trans Mountain Pipeline

PetroChina Canada will no longer be a committed shipper on the Trans Mountain oil pipeline after assigning its contracts to another party, the company said in a letter filed with the Canada Energy Regulator, dated Oct. 10.

Federal Court Rejects Four New Pipeline Safety Rules

Not only has the D.C. Federal Court of Appeals upending FERC decisions, but it has also now injected itself into Pipeline and Hazardous Materials Safety Administration (PHMSA) decisions.

Canadian Natural Gas Producers Flood Market With Surplus, Tempering LNG Price Boost

A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said.

Inpex: Ichthys LNG Train 2 Restarts, Train 1 to Reach Full Operations by November

Train 2 at Australia's Ichthys LNG restarted operations on Oct. 9, project operator Inpex Corp. said in an emailed statement on Friday, after it was previously taken offline for inspection and repair works.

Exxon Granted Largest U.S. Offshore Carbon Storage Site in Texas

Exxon Mobil said on Thursday it has acquired state leases for over 271,000 acres in Texas state waters for an offshore carbon dioxide (CO2) capture operation.

Oman LNG Signs 4-Year LNG Supply Deal with Japan's Kansai Electric

Oman LNG signed a four-year agreement to supply liquefied natural gas to Japan's Kansai Electric Power.

MOL Refinery Transition to Non-Russian Crude Delayed to 2026

Hungarian oil group MOL expects its refineries to be able to process both Russian and non-Russian crude oils by the end of 2026, a year later than planned as some adjustment projects have been delayed, a senior MOL executive said.

APA Curtailed 103 MMcf/d of Natural Gas in Q3 Amid Low Prices

U.S. shale producer APA Corp. curtailed about 103 million cubic feet per day (MMcf/d) of natural gas production in the third quarter in response to weak commodity prices, the company said on Wednesday.