Business & Markets
Trudeau Stands by Trans Mountain Expansion as Strong Investment Amid Challenges
Canadian Prime Minister Justin Trudeau said on Wednesday he was confident the Trans Mountain pipeline expansion was a solid investment and that interest is high among Indigenous groups who want to buy a share of the pipeline.
US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.
EU to Open Third Round of Joint Gas Buying in September
The European Union will open its third round of joint gas buying next month, as the bloc moves to secure supplies in preparation for another winter with scarce Russian gas.
Gazprom's First LNG Cargo Via Arctic Destined for China's Jingtang
An LNG cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.
Tropical Storm Harold Reduces Gas Flows at Cheniere's Corpus Christi LNG Export Plant
The amount of natural gas flowing to U.S. energy company Cheniere Energy's Corpus Christi LNG export plant in Texas was on track to decline on Wednesday, a day after Tropical Storm Harold hit South Texas.
Key Hearing for 2,000-Mile Carbon Capture Pipeline Begins in Iowa
Iowa residents living along the route of the U.S.'s largest proposed carbon capture and storage (CCS) pipeline told state regulators they were worried about possible ruptures and land takings at the start of a hearing that will determine the fate of the project.
Clearfork Midstream Expands Haynesville Gas System, Adds New Pipelines Across Louisiana and Texas
(P&GJ) — These expansions represent a system-wide capacity increase of approximately 65% since Clearfork’s acquisition of the assets in February 2022. In addition, the company has expanded its North Louisiana gathering footprint to the east and west, and is in construction on new gathering pipe further west into Panola County, Texas.
Fidelis New Energy to Develop Carbon Neutral Hydrogen Facility in West Virginia
(P&GJ) — Fidelis New Energy has made the strategic decision to establish its inaugural net-zero carbon hydrogen production facility, featuring FidelisH2 proprietary technologies, along with a data center campus and a greenhouse system in Mason County, West Virginia.
Asian Buyers May Seek U.S. LNG If Australia Worker Disputes Worsen, Analysts Say
Major Asian buyers of LNG could seek U.S. cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.
Cheniere Energy Strikes LNG Supply Deal with BASF
Cheniere Energy said on Tuesday it would supply 0.8 million tonnes per annum (MTPA) of LNG to Germany's BASF.
Iraq Oil Minister in Turkey to Discuss Resuming Northern Oil Exports
Iraq's oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister's office told Reuters on Monday.
China’s LNG Buyers Expand Trading After Adding More US, Qatari Contracts
China's LNG gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.
Shell Nigeria Investigates Possible Trans Niger Oil Pipeline Leak
Shell Plc's local unit is investigating a possible leak on its Trans Niger oil pipeline that traverses Bodo community in Nigeria's River state following an Aug. 18 report, a spokesperson said on Monday.
Hungary's MVM to Buy Gas from Turkey's BOTAS in 'Groundbreaking' Deal
Hungarian energy conglomerate MVM has agreed to buy about 300 million cubic meters of natural gas from Turkish energy company BOTAS.
Energy Transfer Seeks New LNG Export License After Extension Denied
Pipeline operator Energy Transfer on Friday requested a new and expedited export license for its proposed Lake Charles LNG plant in Louisiana, according to a filing with the U.S. Department of Energy (DOE).
Bakken Success Boosts Need for Gas Capture Innovations
(P&GJ) — While one of North Dakota’s top energy officials, Justin Kringstad, readily leads the cheers for his state’s success with industry in curbing the economic and environmentally harmful practice of flaring associated gas at well sites.
COFCO Brings Brazil's First Biodiesel Pipeline Online
The Brazilian unit of China's COFCO International started operating the South American country's first biodiesel pipeline connecting its plant in Rondonopolis, at the heart of Brazil's farm country, to nearby distributors.
Kinder Morgan's Tennessee Gas Pipeline Issues Force Majeure Amidst Fire Incident
Kinder Morgan unit Tennessee Gas Pipeline on Friday declared force majeure due to an explosion and fire caused by equipment failure at a compressor station near Centerville in Hickman County.
Hungary to Receive LNG from Qatar Starting in 2027
Hungary can begin to receive shipments of LNG gas from Qatar in 2027, Hungarian Foreign Minister Peter Szijjarto told a news conference on Friday.
Russia's Arctic-2 LNG Set to Start Production During 2023, CNOOC Says
Russia's Arctic-2 LNG project, in which China's CNOOC Ltd. holds a 10% stake, is proceeding as planned with first phase to start operation during this year, senior company executives said on Friday.
API and LEPA Release Comprehensive CO2 Pipeline Safety Guide
(P&GJ) — The guide, developed with input from the National Association of State Fire Marshals, helps operators advance a zero-incident safety culture by outlining best practices for CO2 pipeline safety and emergency preparedness.
Deep Sky, Svante Partner to Study Carbon Storage Feasibility in Southern Quebec, Canada
(P&GJ) — Canadian carbon removal developer, Deep Sky, has joined forces with carbon capture and removal solutions provider Svante Technologies Inc. to evaluate the feasibility of sequestering CO2 in Southern Quebec.
Former Trump Energy Secretary Dan Brouillette Named New President of Utility Lobby Group
Edison Electric Institute has named Dan Brouillette as president starting on Jan. 1, 2024. Brouillette, who currently serves as president of Sempra Infrastructure, said he looks forward to leading the lobby group at a "pivotal point" for the industry.
FTC Approves EQT's Deal to Buy THQ Appalachia
EQT Corp., the biggest U.S. natural gas producer, has received the U.S. Federal Trade Commission's approval to buy THQ Appalachia and associated infrastructure. The proposed deal is valued at $5.2 billion.
U.S. Natural Gas Futures Pare Gains After Expected Storage Build
U.S. natural gas futures pared gains after a federal report was largely in line with expectations of a smaller-than-usual storage build last week as hot weather kept cooling demand high.
German Government to Examine Finances of Private LNG Operator
The German government will examine the finances of Deutsche ReGas, the operator of a planned LNG terminal on the Baltic coast opposed by local authorities, it said in a response to a lawmaker seen by Reuters on Thursday.
Abu Dhabi's ADNOC Gas Signs 5-Year LNG Supply Deal with Japex
The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments to start.
Venezuela’s PDVSA Fails to Curb Oil Leaks, Gas Flaring Despite Pledges
Venezuelan state oil company PDVSA has failed to make any dent in its oil spill or gas flaring woes, despite nascent promises of environmental clean-up by President Nicolas Maduro's government, according to people within the company, industry sources and an internal company document seen by Reuters.
Brazil Studying Some $30 Billion in Low-Carbon Hydrogen Projects, Secretary Says
Brazil is studying some $30 billion in projects looking to produce low-carbon hydrogen, an official from the country's mines and energy ministry said on Wednesday, estimating the country has a potential output of 1.8 billion metric tons.
Dutch Court Rules Huge Carbon Capture Project Can Go Ahead
The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
- Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
- New Gas Pipeline Stretching 808 Miles to Murmansk Confirmed by Novatek
- Composite Repairs Effective for Various Pipeline Defects
