Business & Markets
Malaysia's Petronas Requests LNG Cargo Deferments, Sources Say
Malaysia's Petronas has requested buyers defer some loadings of LNG from its Bintulu complex due to operational issues at one production train, two industry sources said on Thursday.
Osaka Gas Targets Steady LNG Volume of 11.5 Million Tons by 2030
Japanese city gas provider Osaka Gas aims to maintain annual handling volume of liquefied natural gas at 11.5 million metric tons in the fiscal 2030 year, an executive said on Thursday.
Cheniere's South Texas LNG Project 62% Complete, Ahead of Schedule
The company also added that its Corpus Christi Stage 3 project, an export facility in South Texas, was progressing ahead of schedule, and was 62.4% complete as of June 30.
Energy Transfer Raises 2024 Profit Forecast on Higher Volumes, Acquisitions
Energy Transfer has raised its full year profit forecast after the U.S. pipeline and storage company posted higher second-quarter profit on the back of strong crude and natural gas liquids (NGL) transportation volumes.
NOG to Acquire Additional Uinta Basin Assets for $17.5 Million
Northern Oil and Gas Inc. announced it has exercised its option to acquire a 20% stake in the Altamont Assets in the Uinta Basin. The purchase price is $17.5 million in cash, subject to customary closing adjustments.
Miros Supports Pipeline Installation for Northern Lights CCS Project
Miros has successfully supported the laying of a 109 km (68 miles) pipeline for the pioneering Northern Lights CO2 transport and storage (CCS) project in Norway.
Ukraine Pierces Russian Border Near Major Gas Transmission Hub
Russia said on Wednesday that it was fighting intense battles against Ukrainian forces which had penetrated the Kursk region near a major natural gas transmission hub in one of the largest incursions into Russia since the war began in February 2022.
Osaka Gas, ADNOC Sign Landmark Agreement for Long-Term LNG Supply
Osaka Gas has signed a long-term deal with UAE's ADNOC for the delivery of up to 0.8 million metric tons per annum of liquefied natural gas to secure stable supplies.
U.S. Natural Gas Producers Plan Further Output Cuts as Prices Plummet
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.
U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
A U.S. court overturned FERC's approval for NextDecade's Rio Grande LNG project due to a missing supplemental environmental impact statement. NextDecade expressed disappointment and disagreed with the ruling.
J-Power Teams Up with Australian Firms on Carbon Capture
Through the partnership, the three companies aim to commercialize a project to capture carbon dioxide (CO2) emitted in Japan, Australia and the surrounding region and store it in Australia, they said in a statement.
Bernhard Capital Acquires New Mexico Gas Company from Emera for $1.252 Billion
Emera acquired NMGC as part of its purchase of the TECO group of companies in 2016. NMGC is the largest natural gas utility in New Mexico, serving over 545,000 customers and managing more than 12,000 miles of pipelines.
Sempra's Costa Azul LNG Project Delayed by Labor Issues
Sempra Infrastructure's Energia Costa Azul LNG export project in Mexico has been further delayed by labor and productivity challenges that will boost the project's cost, the company said on Tuesday.
NextDecade, Bechtel Finalize $4.3 Billion EPC Deal for Rio Grande LNG Train 4
NextDecade Corp. has finalized a $4.3 billion engineering, procurement, and construction (EPC) contract with Bechtel Energy Inc. for Train 4 at its Rio Grande LNG facility.
Trace Midstream Acquires LM Energy’s Delaware Basin Gas Gathering, Transportation Assets
Trace Midstream Partners II has acquired LM Energy’s gas gathering and transportation assets in the Northern Delaware Basin, adding 170 miles of pipeline and 12 compressor stations to its portfolio.
Argent LNG Secures Initial FERC Meeting for Louisiana Export Project
Argent LNG has taken a key step toward developing its mid-sized LNG export facility in Louisiana by initiating the pre-filing review with the Federal Energy Regulatory Commission.
Trans Mountain Pipeline Expansion Fails to Narrow Canadian Heavy Oil Discount
The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started.
ONEOK Profit Rises on Strong Rocky Mountain Region Volumes
U.S. pipeline operator ONEOK reported a rise in second-quarter profit on Monday, as it moved more natural gas and liquids from the Rocky Mountain region.
Williams Cos. Exceeds Q2 Estimates, Boosted by New Acquisitions
Williams has made a series of acquisitions in recent past to boost its capacity, hoping to tap into an expected spike in demand for liquefied natural gas exports and power-intensive AI data centers.
Woodside Energy Acquires OCI’s Texas Ammonia Project for $2.35 Billion
OCI Global has agreed to sell its Clean Ammonia project in Beaumont, Texas, to Woodside Energy for $2.35 billion. The project integrates Linde’s low CI hydrogen production and carbon capture technology with OCI’s ammonia production, storage, and transportation infrastructure.
Libya's Sharara Oilfield Production Drops by 60,000 bbl/d Amid Protests – Sources
Oil production at Libya's Sharara field, one of the country's largest production areas has been reduced by 60,000 barrels a day, or about 20% of its capacity, due to ongoing protests in the area, two field engineers said on Monday.
Clean Energy Begins Injecting RNG from Minnesota Dairy into Pipeline Grid
Now producing pipeline quality RNG and injecting it into the interstate natural gas pipeline grid, the facility is projected to supply up to 480,000 gasoline gallon equivalent of RNG annually.
New Gas Pipeline Projects Underway Across Latin America
In Latin America, at the moment, there are a series of projects to build, expand and rehabilitate gas pipelines, which are of great importance to the strengthening of midstream infrastructure of those countries.
Cheniere Strikes 20-Year LNG Deal with Portugal's Galp Energia
Cheniere Energy has agreed to supply 0.5 million tonnes per annum of liquefied natural gas to a subsidiary of Galp Energia for 20 years.
Hungary's MOL CEO Sees No Need to Wean Off Russian Oil
The head of Hungarian oil and gas giant MOL has said he sees no advantage in Hungary weaning itself off Russian oil supplies and dismissed warnings of fuel shortages in the country as "politics".
Woodside's Browse Gas Project Awaits Decision from Australian Regulator
The $20.5 billion project in waters off Western Australia is the country's largest untapped gas resource but has been stuck on the drawing board for decades.
Venture Global LNG Sues Kiewit for Allegedly Sharing Confidential Documents with Shell
U.S. liquefied natural gas company Venture Global LNG sued construction contractor Kiewit on Friday, alleging it passed confidential documents to Shell Plc.
Freeport LNG Nears Expansion Completion, Set to Boost Output
U.S. liquefied natural gas developer Freeport LNG expects to increase production beyond its 15.3 million metric ton per annum capacity as it wraps up an expansion project.
Analysis: China's Weak Diesel Consumption Squeezes Outlook for Oil Demand
China's slumping consumption of diesel, as use of LNG-powered trucks grows, is weighing on domestic fuel demand, with forecasters warning of further risks from a sluggish economy hobbled by a prolonged crisis in the property sector.
Enbridge Eyes Data Center Market, Increases Profit Forecast and Pipeline Capacity
Pipeline operator Enbridge raised its full-year profit forecast on Friday as it benefits from newly acquired assets and said it was well-positioned to capitalize on growing demand for natural gas to supply U.S. data centers.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
