Business & Markets
Kazakhstan’s 188-Mile Gas Pipeline to Expand Regional Gasification to 90% Once Completed
(P&GJ) — Kazakhstan’s Taldykorgan-Usharal gas pipeline, launched under the directive of the Head of State, aims to secure a consistent gas supply in a region where gasification currently stands below 50%.
ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
(P&GJ) — ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash.
BP Delays Whiting Refinery Restart, Fuel Prices Rise in Chicago Market
BP has delayed the restart of a crude distillation unit and a coker at its 435,000 barrel-per-day Whiting, Indiana, refinery from maintenance, boosting fuel prices in the Chicago market, industry sources said on Tuesday.
CPC Blend Oil Exports via Black Sea Set for Slight Increase in December
Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to inch up to 1.43 million bbl/d in December from 1.42 million bbl/d in a November plan, two sources familiar with the matter told Reuters.
U.S. Natural Gas Prices Hit 5-Month High on Late-November Cold Snap Forecast
U.S. natural gas futures edged up about 1% on Tuesday to a five-month high, on forecasts for colder weather in late November that should boost heating demand and force utilities to start pulling gas from storage by the U.S. Thanksgiving Day holiday.
TC Energy Raises 2025 Profit Outlook Amid Natural Gas Demand, Updates on Mexican Operations
TC Energy forecasts a higher 2025 profit, driven by natural gas demand and growth projects, while providing updates on its Southeast Gateway pipeline and Mexican operations.
WGLC 2024 Opens with Strong Call for Women’s Leadership in Energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
INGAA Members Highlight Methane Emissions Progress in 2024 Climate Report
The Interstate Natural Gas Association of America (INGAA) highlights progress in reducing methane emissions in its 2024 Climate Report. Members achieved a methane intensity of 0.075% in 2022 and exceeded key GHG commitments while maintaining safe and reliable natural gas delivery.
Anaergia Secures 10-Year Contract to Operate California’s Largest Organic Waste-to-RNG Facility
The Rialto facility, located in Southern California, is the largest organic waste-to-renewable natural gas (RNG) plant in North America.
Carbon Mapper's Tanager-1 Flags, Mitigates Methane Leak in Permian Gathering Pipeline
A methane leak from a gathering pipeline in the Texas Permian Basin was swiftly mitigated after detection by the Tanager-1 satellite. Carbon Mapper's data, shared with agencies and operators, led to voluntary repairs, showcasing the critical role of remote sensing in midstream emissions management.
SoCalGas, NREL, and GKN Hydrogen Launch Hydrogen Storage Pilot Project
SoCalGas, GKN Hydrogen, and the U.S. Department of Energy's National Renewable Energy Laboratory have kicked off a pilot project to test an innovative hydrogen storage system at NREL's Flatirons Campus in Arvada, Colorado.
Brazil, Argentina to Study Gas Exports from Vaca Muerta
Brazil and Argentina signed an agreement on Monday to study the development of infrastructure for natural gas exports to Brazil, with Brazilian authorities saying the deal could lead to imports of as much as 30 million cubic meters of gas per day by 2030.
Enbridge Line 5 Project Advances with DNR Permits in Wisconsin
Enbridge's Line 5 relocation project in Wisconsin moves forward with key permits from the DNR, including approvals for wetland and waterway impacts. The 41-mile pipeline reroute aims to address environmental concerns while meeting state and federal standards.
Venture Global LNG’s Louisiana Plant Runs $2.35 Billion Over Budget, Documents Disclose
Venture Global LNG's second liquefied natural gas export facility in Louisiana is $2.35 billion over budget, according to IPO documents. The company attributes the cost increase to inflation and construction challenges but remains confident in covering future overages.
Sinopec, Aramco Begin Construction on $10 Billion Refinery-Petrochemical Plant in China
Sinopec and Saudi Aramco have begun constructing a $10 billion refinery and petrochemical complex in Fujian, China. The project, set to become operational by 2030, highlights growing cooperation between the two energy giants and will significantly boost petrochemical production in the region.
Trump Taps Oil CEO Chris Wright as Energy Secretary
President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy.
Russia Resells Austrian Gas in Europe Amid Supply Halt
Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed.
ADNOC Gas to Acquire $5 Billion Stake in Ruwais LNG, Doubling Capacity by 2028
ADNOC Gas will acquire a $5 billion, 60% stake in Ruwais LNG, doubling its processing capacity by 2028. The plant, powered by clean grid electricity, will be one of the world’s lowest-carbon intensity LNG facilities.
Venture Global LNG Reports $4.85 Billion in 2023 Profits Amid IPO Buzz
Venture Global LNG reported $4.85 billion in operating income for 2023, marking its second year of operations. As the company prepares for a stock market listing, financial documents reveal ambitious plans for expanding its LNG export facilities and significant revenue growth.
Sable Offshore Negotiates Pipeline Work Plan with California Regulators
The pipelines, operated by Pacific Pipeline Company, run through the Coastal Zone and have been subject to scrutiny over compliance with the state’s Coastal Act.
California Ends Spill Response at Chevron's Richmond Wharf, Investigation Ongoing
California officials have ended the spill response at Chevron's Richmond Wharf, but an investigation into the incident's cause is still ongoing. Authorities report no wildlife impacts have been observed so far.
North Dakota Approves Summit Carbon Pipeline Permit
North Dakota regulators have approved Summit Carbon Solutions' permit for a carbon dioxide pipeline, advancing plans to transport CO₂ from Midwest ethanol plants to an underground storage site in the state.
Rubio as Trump’s Secretary of State Could Signal Stricter Oil Sanctions on Iran, Venezuela
President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday.
ADNOC Gas Inks 10-Year LNG Supply Deal with India’s GAIL
ADNOC Gas has secured a long-term agreement with GAIL India Limited to deliver up to 0.52 million metric tonnes per year of liquefied natural gas (LNG) beginning in 2026.
Ovintiv Expands in Montney with $2.38 Billion Acquisition of Paramount Resources Assets
Ovintiv Inc. announced a $2.38 billion acquisition of oil-rich assets in Canada’s Montney shale, aiming to nearly double its production in the region. The deal, financed by divesting its Uinta Basin assets, aligns with Ovintiv’s strategy to strengthen its North American presence and boost cash flow by $300 million in 2025.
Top U.S. Refiners Return $5.2 Billion to Shareholders in Q3 Despite Slump in Profits
Top U.S. refiners returned $5.2 billion to shareholders in the third quarter through stock buybacks and dividends, maintaining strong payouts even as profits declined. Despite weaker fuel demand and narrowing refining margins, companies like Marathon, Valero, and Phillips 66 upheld their commitment to shareholder returns.
U.S. Energy Sector Gathers Policy Wish List for New Trump Administration
The U.S. energy industry outlines key priorities, urging the incoming Trump administration to ease regulations, expand federal land access, and streamline pipeline permitting to meet rising global energy demands.
Germany Blocks Russian LNG Shipment to Brunsbuttel Terminal in Policy Stand, Sources Say
Germany has refused to allow a Russian liquefied natural gas shipment at the Brunsbuttel terminal in northern Germany in line with Berlin's policy not to import LNG from Russia, industry sources said on Thursday.
Oil Demand Set to Decline to 80-100 Million bbl/d by 2035, Says BP Economist
BP's chief U.S. economist projects that global oil demand could fall to between 80-100 million barrels per day by 2035 in a net-zero scenario, driven by renewables and efficiency gains. While demand declines, BP emphasizes the need for continued investment in fossil fuels to manage a stable energy transition.
Coterra Expands in Permian with $4 Billion New Mexico Acquisitions, Adds 125 Miles of Pipeline
Coterra Energy Inc. has announced agreements to acquire assets from Franklin Mountain Energy and Avant Natural Resources for a combined $3.95 billion.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
