Business & Markets
U.S. Dominates Global Natural Gas Production and LNG Exports
The U.S. has reinforced its position as the leading global producer of natural gas and LNG exporter, with notable increases in LNG supply and significant reductions in European and Russian gas imports.
U.S. Court Delays Citgo Share Auction Decision Until October
A U.S. court on Thursday agreed to delay the selection of finalists in an auction that could change the ownership of Citgo Petroleum, pushing back any sale of the seventh-largest U.S. oil refiner until October.
Trans Mountain Loads 19 Aframax Vessels in July, Slightly Below June Levels
About 19 Aframax ships loaded around 330,000 barrels per day of crude oil in July at Canada's West Coast in the second full month of operations on the newly expanded Trans Mountain pipeline.
Canada's Indigenous Groups to Borrow $722 Million for TC Energy Pipeline Stake
Canada's Indigenous groups are preparing a $721.66 million bond offering to fund the purchase of a minority stake in TC Energy's natural gas pipeline system.
Russian Pipeline Gas Exports to Europe Reach Highest This Year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June, Reuters calculations showed.
Stalled Pig Rescue Mission Returns Clogged Pipeline to Normal
For the most part, the equipment meant to keep pipelines up and running remains up and running itself. When something goes wrong, a routine repair is often all it takes to set things right.
U.S. LNG Exports Fall Again in July on Freeport LNG's Slow Restart
Texas-based Freeport LNG is the country's second-largest LNG export facility, and its production woes in the last few years have played a crucial role in swings in U.S. natural gas and global LNG prices.
AI Data Center Boom Drives Future Gas Demand for TC Energy
TC Energy revealed that 300 data centers under construction in the U.S. will require an additional 6-8 Bcf/d of natural gas, with over 60% of these centers located within 50 miles of their pipelines.
365-Mile Blackcomb Pipeline Project Greenlit to Boost Permian Gas Flow to Gulf Coast
Enbridge, WhiteWater and MPLX have approved the 365-mile Blackcomb Pipeline to transport up to 2.5 Bcf/d of natural gas from the Permian Basin to the Gulf Coast. The project aims to enhance gas takeaway capacity and is slated for completion in late 2026.
U.S. Crude Oil Production Drops for First Time Since January, Gas Output Hits New Low
U.S. crude oil production fell in May in its first monthly decline since January, while fell natural gas output decreased to its lowest since February 2023, data from the U.S. Energy Information Administration showed on Wednesday.
Analysis: U.S. Oilfield Service Companies Slash Prices, Merge as Oil Producers Consolidate
As big producers integrate and become more efficient while raising oil output, there is less work for the oilfield services companies that depend on them, according to service company executives and energy analysts.
Oil Prices Rebound After Hamas Leader's Death, Gains Capped by China Concerns
Oil prices rose nearly 3% on Wednesday, rebounding from seven-week lows after the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and a sharp drawdown in U.S. crude stockpiles.
India's HPCL Seeks LNG Deals, Eyes December Start for New Terminal
India's Hindustan Petroleum is scouting for LNG import deals as it expects to start its 5 million ton per year LNG terminal in western India by end of this year, its head of finance said on Tuesday.
Texas Needs More Natural Gas Pipelines as Prices Turn Negative Again
Analysts say that is a sure sign the Permian Basin region needs more gas pipelines, which has already prompted Kinder Morgan, Energy Transfer and other U.S. energy firms to propose new projects.
BP to Construct Up to 10 Green Hydrogen Projects This Decade
BP aims to construct five to 10 low-carbon hydrogen projects this decade in order to produce clean fuels and reduce greenhouse emissions, CEO Murray Auchincloss said on Tuesday.
Phillips 66 Crude Capacity Utilization Hits Five-Year High Amid Market Challenges
The Houston-based refiner's crude capacity utilization rose to the highest in over five years at 98% in the second quarter, up from 92% in the first quarter, CEO Mark Lashier said during a call with analysts on Tuesday.
Enterprise to Grow NGL Export Capacity at Houston Ship Channel
Enterprise Products Partners is expanding the company’s NGL export capacity by 300,000 bbl/d in the Houston Ship Channel to meet strong demand.
Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
Williams Cos.’ $1 billion pipeline project is halted after a U.S. appeals court overturns the Federal Energy Regulatory Commission's approval, citing inadequate environmental and public interest reviews.
Report: U.S. Oil and Gas Mergers Surge Past $30 Billion in Q2
The latest round of deals kicked off last autumn with Exxon's $60 billion offer for Pioneer Natural and has spread through the U.S. energy industry, moving across Texas and North Dakota oil and gas producers to energy pipeline operators.
Iberdrola Faces Up to $535 Million Claim in LNG Contract Dispute with Pavilion
Spanish utility Iberdrola faces claims worth up to $535 million in an arbitration process launched by Singaporean LNG company Pavilion Energy over a supply contract, according to Iberdrola's earnings report.
Enagas Gets Initial Approval for Spanish Section of H2MED Hydrogen Pipeline
The Spanish government gave a first go-ahead to gas grid operator Enagas to start developing the Spanish section of a planned trans-European hydrogen pipeline and related hydrogen infrastructure projects.
TC Energy Sells Pipeline Stake to Indigenous Communities for $722 Million
TC Energy said it will sell a minority stake in its Nova Gas transmission system and the Foothills pipeline assets for $722.1 million to certain indigenous Canadian communities as part of a plan to reduce its debt and fund investments.
CF Energy to Build Natural Gas Pipeline for Xinhui Daze Project
The pipeline will supply natural gas to the Xinhui Daze gas thermal power project in Daze, Xinhui, Jiangmen, Guangdong.
Natural Gas Proves Essential as U.S. Wind Power Drops, Says Maguire
Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace.
Libya's NOC Denies Crude Oil Supply Talks with Nigeria
Libya's National Oil on Sunday denied holding negotiations to supply crude oil to a refinery in Nigeria.
Hedge Funds Increase Bid for Martin Midstream Takeover
Hedge funds Nut Tree Capital Management and Caspian Capital have made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners.
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet of natural gas, LSEG data showed.
U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
ExxonMobil will supply 3.9 million barrels of the contract, while Macquarie Commodities Trading US LLC will supply the rest, the DOE said.
Occidental Sells Delaware Basin Assets to Permian Resources for $818 Million
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.
Vital Energy, Northern Oil and Gas Acquire Point Energy Shale Assets for $1.1 Billion
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- 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
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- 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
- Phillips 66 to Sell $865 Million Stake in 500-Mile Gulf Coast Express Pipeline to ArcLight
