Business & Markets
Sypris Wins Award for Venture Global's CP2 LNG Terminal and Express Gas Pipeline
(P&GJ) — Sypris Technologies Inc. has won an award for specialty high-pressure closures for use in the Venture Global CP2 LNG export terminal and the Venture Global CP Express natural gas pipeline project.
EIA: U.S. Natural Gas Exports to Mexico Hit Monthly Record in June
U.S. natural gas pipeline exports to Mexico averaged around a record of 6.8 Bcf/d in June, driven by hot weather, which increased demand in Mexico's electric power sector, the Energy Information Administration (EIA) said on Thursday.
Canada Guarantees Up to $2.2 Billion in Fresh Loans to Trans Mountain Expansion Project
A Canadian government agency has guaranteed fresh commercial loans of up to $2.2 billion to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.
Poland Detects Leak in Russia's Druzhba Oil Pipeline
Polish pipeline operator PERN said it had halted pumping through a section of the Druzhba pipeline, which carries oil from Russia to Europe, after detecting a leak in central Poland on Saturday, but it expects flows can be resumed on Tuesday.
North Dakota Regulator Rejects Summit Carbon Solutions Carbon Pipeline Application
The North Dakota Public Service Commission on Friday rejected a permit application from Iowa-based Summit Carbon Solutions to run 320 miles (514.99 km) of pipeline through the state to transport captured carbon dioxide from ethanol plants to an underground storage site.
Plains All American Tops Estimates, Sees 2023 Earnings Near High End of Guidance
Plains All American on Friday posted earnings above estimates and said it expects full-year profit at the top end of the pipeline operator's previous guidance, citing higher crude oil volumes.
Trans Mountain Expansion Project to Start Filling Pipeline This Fall
The Trans Mountain Expansion (TMX) project is expected to call on oil producers to start filling the pipeline as soon as this month, the president of major shipper Canadian Natural Resources Ltd. said on Thursday.
Benin's 1,200-Mile Niger Pipeline Project Unaffected by Sanctions Over Coup
Benin said on Thursday that work on a major oil pipeline linking it with neighboring Niger has not been impacted by sanctions imposed on Niamey by leaders of West Africa's regional bloc over last week's military coup, although it could mean a delay.
ConocoPhillips Signs 20-Year LNG Supply Deals with Mexico Pacific
ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said on Thursday.
Pipeline Operator Williams Companies Beats Q2 Profit Estimates on Higher Natural Gas Volumes
Williams Companies, a pipeline operator, exceeded second-quarter profit estimates driven by increased natural gas transportation volumes and benefits from certain acquisitions.
SGN Project to Repurpose UK Gas Pipeline to Carry Hydrogen Gets Green Light
The $38 million project will trial 100% hydrogen gas through a 30-km (19-mile) decommissioned gas pipeline between Grangemouth and Granton in Scotland.
India's GAIL Close to Finalizing Qatar LNG Purchase Deal
The deal would be part of GAIL's plans to lock in new supply contracts by 2030 to diversify its gas imports and hedge against supply disruptions like those seen after Russia's invasion of Ukraine last year, when LNG prices surged to a record high.
Wood Completes FEED Studies for 2,000 Miles of Low Carbon Pipeline Projects in North America
(P&GJ) — Wood has announced that it is delivering concept and front-end engineering and design (FEED) studies for nearly 2,000 miles of onshore low-carbon pipelines in North America.
LNG Terminal Developer Crown to Go Public via $685 Million SPAC Deal
Crown LNG Holdings, which develops LNG terminals to operate in harsh weather conditions, has agreed to go public in New York by merging with a blank check firm in a deal that values the combined company at $685 million.
Strathcona to Acquire Rival Pipestone Energy, Forming Canada's 5th-Biggest Oil Company
Canadian oil producer Strathcona Resources on Tuesday said it will go public by acquiring smaller rival Pipestone Energy Corp. in an all-stock deal to create a combined business with a market capitalization of $6.49 billion.
US Shale Firm CEO Predicts $80-$100 a Barrel of Oil Through 2024
Oil prices will range between $80 and $100 a barrel this year and next as demand outpaces supply, Scott Sheffield, chief executive officer of top shale firm Pioneer Natural Resources, said on Wednesday, citing output cuts by Saudi Arabia and underinvestment by U.S. producers.
Venezuela Appoints New Gas Vice President at State Company PDVSA
Venezuela has appointed a new vice president at PDVSA who will lead the state company's gas operations, a key move as the South American country negotiates licenses with foreign companies to develop its mostly untapped natural gas reserves.
US Pulls Back Offer to Buy 6 Million Barrels of Oil for Emergency Reserve
The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep rising after an output cut from Saudi Arabia.
Chesapeake Energy Profit Slides on Lower Natural Gas Prices
Chesapeake Energy on Tuesday posted a fall in second-quarter profit due to lower natural gas prices and production.
Israel Energy Minister Backs More Natural Gas Exports
Israel's energy minister said on Wednesday that more of the country's natural gas reserves should be earmarked for export, amid renewed interest in offshore exploration and an ongoing debate on whether the gas should be kept for domestic use.
Pipeline Operator TC Energy Plans to Complete Coastal GasLink Pipeline This Year
TC Energy's surprise plan to split the company last week accelerated a stock selloff. Still, shareholders bet the North American pipeline operator will finish the year on a higher note by completing the 670-km (416-mile) Coastal GasLink pipeline.
Criteria to Consider in Selecting Water Transfer Flow Meters
(P&GJ) — The oil and gas industry contains a complex number of flow applications, featuring a myriad of fluids and gases that challenge even the toughest of flow instrumentation. So, choosing the right flow meter for a water transfer application should be straightforward in comparison … right?
Government of Alberta Commits $50 Million to Advance Hydrogen Innovation Projects
(P&GJ) — The Government of Alberta has announced $50 million in funding to support researchers, innovations, companies and the industry to develop technologies that are critical to advancing Alberta’s hydrogen roadmap and natural gas strategy.
BP to Defend Its Rights to the Fullest in Venture Global LNG Arbitration Case, CEO Says
BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, CEO Bernard Looney said on Tuesday.
Restart Delayed at Texas Coal Unit Linked to Petra Nova CCS Project
The coal unit had hosted the $1 billion Petra Nova carbon capture and sequestration (CCS) plant, which sent the carbon dioxide gas about 80 miles (130 km) by pipeline, where it was pumped into an aging oilfield to boost output, a technique known as enhanced oil recovery.
Equitrans to Begin Construction on Ohio Valley Connector Expansion Project
(P&GJ) — On Monday, FERC issued the Notice to Proceed, signaling Equitrans' imminent commencement of construction. The expansion project is designed to enhance deliverability on its Ohio Valley Connector pipeline, bolstering its capacity by approximately 350 MMcf/d.
Equitrans' 303-Mile Mountain Valley Pipeline on Track to Be Completed by Year-End 2023
U.S. energy company Equitrans Midstream on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018.
United Energy, Bridge Energy Partner to Expand LNG Processing Capabilities
(P&GJ) — The strategic partnership aims to leverage the expertise and resources of both companies to expand UNRG’s processing capabilities of LNG and unlock its immense potential as a clean and versatile energy source.
SwRI Tapping into Geothermal Energy Possibilities in Texas
(P&GJ) — Electric power generates the second-largest share of greenhouse gas emissions and includes emissions from electricity production used by end use sectors, such as industry. Nearly 80% of electricity in the U.S. comes from burning fossil fuels, mostly coal and natural gas.
Pipeline Companies to Pay $12.5 Million in Penalties After Spills in Montana, North Dakota
Belle Fourche Pipeline Company and Bridger Pipeline LLC that own and operate a network of crude oil pipelines in Montana, North Dakota and Wyoming have together agreed to pay a $12.5 million civil penalty relating to oil spills.
- 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
