Business & Markets
BKV Sells First Carbon-Neutral Gas to Kiewit
BKV Corp. has announced its first sale of carbon sequestered gas to Kiewit Infrastructure South Co. This carbon-neutral natural gas aims to reduce greenhouse gas emissions across its value chain.
Supreme Court Ruling Puts Biden's Tailpipe Emission Rules at Risk
A U.S. Supreme Court decision limiting federal regulatory powers to interpret ambiguous laws could undermine President Joe Biden's effort to cut tailpipe emissions from the nation’s vehicle fleet, two environmental law attorneys told Reuters.
Saudi Arabia Discovers Seven New Oil and Gas Deposits
Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.
U.S. Court May Delay Hearing on Citgo Bids to September Amid Auction Deliberations
A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a motion filed with the court on Friday.
Tellurian Completes $260 Million Asset Sale to Aethon to Boost Driftwood LNG Project
Tellurian Inc. has completed the sale of its upstream assets to Aethon Energy Management LLC for $260 million. This move significantly strengthens Tellurian's balance sheet as it advances the Driftwood LNG project.
Trans Mountain Pipeline Falls Short of First-Month Loading Target
About 20 ships loaded crude oil on Canada's West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator's forecast.
Egyptian Consortium to Import U.S. Shale Gas Amid Shortage
One of Egypt's largest petrochemicals companies plans within a consortium to import U.S. shale gas to address a shortage in natural gas supplies that forced several chemicals factories to temporarily shut down twice in June.
Aramco Awards $25 Billion in Contracts for Strategic Gas Expansion
Aramco has announced contracts totaling over $25 billion to advance its strategic gas expansion efforts. This initiative aims to achieve a more than 60% increase in sales gas production by 2030 compared to 2021 levels.
Pipeline Integrity: Improving Data to Identify Selective Seam Weld Corrosion
Learn about the importance of detecting and managing Selective Seam Weld Corrosion (SSWC) in pipelines. Discover how advanced technologies like SpirALL MFL are helping ensure pipeline safety and integrity.
FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
The project, estimated at $91.8 million, aims to expand the capacity of the existing Transco pipeline in Texas and Louisiana, enhancing energy infrastructure reliability and diversification along the Gulf Coast.
Dealmakers Optimistic for 2024 M&A Recovery Despite Slow Q2 Growth
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.
Russia to Begin Exporting 10 Bcm of Gas Annually to China from Far East in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 billion cubic meters (Bcm) in 2027, its boss Alexei Miller told an annual shareholders' meeting on Friday.
Egyptian Fertilizer Company Turns to Hydrogen Amid Gas Shortage
One of Egypt's largest fertilizer companies said on Thursday it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.
Fulcrum LNG Teams Up with McDermott, Baker Hughes for Guyana Gas Project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday.
Construction of Germany's First Land-Based LNG Terminal Begins
The construction of Germany's first land-based liquefied national gas terminal at the inland port of Stade kicked off on Friday with the goal of starting operation in 2027, said the project firm Hanseatic Energy Hub.
U.S. Crude Imports Hit Two-Year High Despite Lukewarm Demand
U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.
Trans Mountain Bets on Last-Minute Oil Shippers to Profit from High-Cost Pipeline
Canada's Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show, clouding Ottawa's efforts to sell the pipeline now that its $25 billion expansion is finished after years of delays.
U.S. Supreme Court Blocks EPA's 'Good Neighbor' Air Pollution Plan
The 5-4 decision granted requests by Ohio, Indiana and West Virginia, as well as U.S. Steel Corp, pipeline operator Kinder Morgan and industry groups, to halt enforcement of the EPA's "Good Neighbor" plan restricting ozone pollution from upwind states, while they contest the rule's legality in a lower court.
U.S. Regulators Approve Louisiana LNG Plant and 85-Mile Pipeline
The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) pipeline.
SM Energy to Acquire XCL's Uinta Assets for $2 Billion
XCL, backed by EnCap Investments and Rice Investment Group, is one of the largest producers in the region with an output of around 55,000 barrels of oil equivalent per day.
Venture Global's Louisiana Plaquemines LNG Export Plant Receives First Natural Gas
Venture Global LNG's Plaquemines export plant under construction in Louisiana started to take in natural gas from pipelines on Wednesday, according to data from financial firm LSEG on Thursday.
Russia's Novatek to Begin Delivering Equipment for Arctic LNG 2's Next Phase in July
Russian energy company Novatek plans to start delivering the foundations for the second stage of its Arctic LNG 2 plant in late July, two sources familiar with the plans told Reuters on Thursday.
Peru State-Run Oil Firm Reports Crude Leak from Illegal Pipeline Connection
Peru's state-run oil producer said on Tuesday it had detected an illegal hook-up that caused crude to leak out from its pipeline in the north of the country that runs from the Amazon to the Pacific.
U.S. Oil Firms Face Challenges Selling $27 Billion in Assets Post-Megamergers: Analysis
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Kimmeridge Acquires 90% Stake in Commonwealth LNG
Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied natural gas export project Commonwealth LNG, it said on Tuesday.
Cheniere Energy Uncertain About Meeting Year-End LNG Target at Corpus Christi
Top U.S. LNG exporter Cheniere Energy Inc. will not know until September when it can produce first LNG from its Corpus Christi Stage 3 LNG export facility, said Bechtel General Manager of LNG Bhupesh Thakkar.
Guyana Selects Firm Led by Ex-Exxon Exec to Engage with Exxon on Gas Project
A newly formed company headed by a former ExxonMobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said.
Sempra Signs 20-Year Deal to Supply LNG to Aramco from Port Arthur Project
Aramco and Sempra have signed a non-binding agreement for a 20-year sale and purchase agreement for 5 million tonnes per annum of LNG from the Port Arthur LNG Phase 2 expansion project.
Gazprom Signs Memo with Iran for Russian Gas Supplies
Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company (NIGC) to supply Russian pipeline gas to Iran, it said on Wednesday.
Strohm Unveils Carbon Fiber Pipes for CO2 Transfer in CCS Applications
(P&GJ) — Strohm, a leading thermoplastic composite pipe (TCP) company, has introduced a new product combining carbon fiber and advanced PVDF polymer.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
