Business & Markets
NNPC's OB3 Gas Pipeline Set to Be Completed by August
NNPC's OB3 Gas Pipeline is poised for completion by August, marking a significant milestone with the promise of delivering 2.2 billion standard cubic feet of gas to bolster national supply.
Southern Star Responds to Pipeline Fire in Terlton, Oklahoma
Investigators said they are still working to determine the cause of the fire, which occurred during maintenance work on a gas pipeline the morning of June 22.
Enbridge and Indigenous Partners to Launch 200-MW Wind Project in Saskatchewan
The Seven Stars Energy Project aims to produce enough emissions-free power to supply over 100,000 homes. The project, set to be operational by 2027, will be developed and operated by an Enbridge subsidiary.
Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger.
Spanish, French Operators Sign Hydrogen Pipeline Agreement
The pipeline, known as BarMar, is expected to cost $2.67 billion. It is part of a broader plan for hydrogen infrastructure from the Iberian peninsula to France and on to Central Europe, called H2MED.
Kinetik Completes Acquisition of Durango Midstream’s New Mexico Gathering, Processing System
Kinetik funded the cash consideration for the Durango acquisition with proceeds from the divestiture of its 16% equity interest in the Gulf Coast Express pipeline, which was completed on June 4, 2024.
688-Mile Summit Carbon Pipeline Project Approved for Construction by Iowa Regulators
(P&GJ) — Summit Carbon Solutions LLC has received a construction permit to build, maintain, and operate the Midwest Carbon Express, a 688-mile pipeline spanning 29 counties in Iowa.
Former Pertamina CEO Jailed 9 Years Over Improper Cheniere LNG Deal
A former chief executive of Indonesia's state energy firm Pertamina has been sentenced to nine years in jail for graft in a case related to a long-term contract to procure liquefied natural gas from a unit of U.S. company Cheniere Energy.
Martin Midstream Recovers 1,250 Barrels from Pipeline Oil Spill in Arkansas
Martin Midstream Partners said on Monday it had recovered around 1,250 barrels of crude oil following a pipeline spill that occurred earlier this month.
Grupo Potencial Invests $37 Million in Brazil's Longest 'Green Fuel' Pipelines
Brazil's privately owned Grupo Potencial will invest $37 million to build two "green fuel" pipelines in the south of the farm powerhouse, the company's Vice-President Carlos Hammerschmidt said on Monday.
U.S. LNG Projects Imperiled by Surging Labor Costs
A shortage of skilled labor and nagging inflation from strong wage growth on the U.S. Gulf Coast are pressuring LNG developers and delaying some projects from reaching a financial go-ahead.
Constellation Energy Retires Gas-Fired Mystic Generating Station in Massachusetts
Constellation Energy on May 31 permanently shut down the natural gas-fired Mystic Generating Station located in Charlestown, Massachusetts, the EIA reported on Monday.
Exxon, Air Liquide Partner to Boost Low-Carbon Hydrogen Production in Baytown, Texas
ExxonMobil and Air Liquide have announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at Exxon’s Baytown, Texas facility.
Equinor Plans Restart of Hammerfest LNG Plant Following Weekend Outage
The plant's power generators had been undergoing maintenance when its backup supply from an external grid failed, resulting in the outage.
Dangote Refinery Accuses Oil Majors of Blocking Local Crude Purchases
The $20 billion refinery, billed to be the largest in Africa and Europe at full throttle, started production in January but has struggled to find enough crude to meet its 650,000-barrel-per-day capacity.
EPA to Review Texas' Oversight of Oil, Gas Wastewater Disposal Wells
The review follows a petition from nine environmental groups and aims to assess if the Texas Railroad Commission meets federal standards for protecting public health and the environment.
EU Adopts 14th Sanctions Package Against Russia, Targets LNG Exports
The European Union has introduced a new round of sanctions against Russia, marking the first time its gas exports, particularly liquefied natural gas (LNG), are targeted.
Trafigura Charters Supertanker to Load Diesel from Middle East
Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to shipping data and several trade sources.
Japan's Eneos and Mitsubishi to Expand Alliance into Hydrogen and Decarbonized Fuels
Japan's top oil refiner, Eneos Holdings, and trading house Mitsubishi Corp. said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonized fuels, in addition to sustainable aviation fuel.
China's Wison New Energies to Exit Russian Projects, Impacting Arctic LNG 2
Chinese engineering firm Wison New Energies has decided to discontinue all of its ongoing Russian projects and will immediately and indefinitely stop taking any new Russian business, the company said in a LinkedIn post.
Petroecuador Declares Force Majeure on Napo Crude Exports Due to Pipeline Shutdown
Ecuador's Petroecuador has declared force majeure over deliveries of Napo heavy crude for exports following the shutdown of a key pipeline and oil wells due to heavy rains hitting the country.
Nigeria's 384-Mile AKK Gas Pipeline to Be Finished by Early 2025, NNPC Says
Construction of Nigeria's 614-km (384-mile) natural gas pipeline will be completed by the first quarter of 2025, the head of state oil firm NNPC said on Friday, two years after the initial planned completion date.
U.S. Launches $850 Million Grant Program to Tackle Methane Emissions in Oil Sector
The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations,
Fulcrum LNG to Assist Guyana in Developing Natural Gas Resources
U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.
EU Approves $3.2 Billion in German Hydrogen Pipeline Aid
Germany is targeting more than 9,700 km (6,000 miles) of hydrogen pipelines, with existing natural gas transmission making up 60% of the network to power heavy industry sites that cannot switch to electricity.
Piñon Midstream Secures EPA Approval for Carbon Capture at Dark Horse Facility
Piñon Midstream has received approval from the EPA for its monitoring, reporting, and verification plan for the permanent sequestration of carbon dioxide at its Dark Horse Treating Facility in Lea County, New Mexico.
Vallourec Extends Abu Dhabi Oil Contract, Secures New Order
Vallourec has signed a two-year extension to its contract with the National Oil Company of Abu Dhabi, originally worth around $900 million.
Genting Berhad Signs $963 Million Deal for Indonesian Floating LNG Facility
Genting Berhad has signed a $962.8 million deal for a floating LNG facility from China's Wison New Energies, the Malaysian company said on Thursday.
U.S. Natural Gas Venting, Flaring Declined to 18-Year Low in 2023, EIA Reports
The yearly amount of natural gas vented or flared in the U.S. decreased to 0.5% of gross withdrawals in 2023, the Energy Information Administration (EIA) estimated on Thursday, based on preliminary state and federal data.
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
- 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
