Business & Markets

Oil Prices Rise as Markets Eye China's Growth Outlook and Geopolitical Risks

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.

Pembina Completes Kaybob Complex Acquisition, Expands Infrastructure in Karr and Gold Creek Areas

Pembina Pipeline Corp. has completed the acquisition of a 50% working interest in Whitecap Resources Inc.'s 15-07 Kaybob Complex located in Alberta, Canada, as announced by Pembina Gas Infrastructure Inc.

U.S. Oil Executives See Faster Permitting Under Trump: Dallas Fed

U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday.

Four Petroleum Liquids Pipelines Completed in U.S. Since Last Year

Four new petroleum liquids pipelines, including three crude oil projects and one hydrocarbon gas liquids (HGL) pipeline, have been completed in the U.S. since 2023, according to data from the U.S. Energy Information Administration’s (EIA) updated Liquids Pipeline Projects Database.

EPA Issues First Underground Injection Permits for Carbon Storage in California

The U.S. Environmental Protection Agency has issued its first Underground Injection Control Class VI well permits in California, allowing for carbon sequestration at a site in Kern County.

EQT Finalizes $3.5 Billion Midstream JV with Blackstone Credit

EQT Corp. has completed the formation and funding of its midstream joint venture (JV) with Blackstone Credit & Insurance (BXCI), the company announced on Dec. 30.

BP's GTA Project Delivers First Gas for Senegal and Mauritania

The Greater Tortue Ahmeyim (GTA) gas project developed by BP and partners has produced its first gas from an offshore field in Senegal and Mauritania, the two countries' energy ministries said.

Russian Gas Era in Europe Ends as Ukraine Stops Transit

Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.

Subsea7 Wins IRM Contract for Sakarya Gas Field Offshore Turkey

Subsea7 has been awarded a contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair, and maintenance (IRM) services for the Sakarya gas field in the Black Sea, the company said on Dec. 30.

BW LPG Finalizes Acquisition of 12 VLGCs from Avance Gas

BW LPG has completed its $1.05 billion acquisition of 12 Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd., following the delivery of the final vessel, BW Avior, on Dec. 31.

Williams Places Transco’s Southside Expansion Project in Service, Adds 423 MMcf/d Capacity

Williams has announced that its Southside Reliability Enhancement project is now fully operational, increasing natural gas capacity in North Carolina and Virginia.

ONEOK Finalizes $1.2 Billion Sale of Natural Gas Pipelines to DT Midstream

ONEOK Inc. has completed the sale of its three interstate natural gas pipeline systems to DT Midstream Inc. for $1.2 billion in cash. The deal included the Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission systems.

FERC Rejects Effort to Regulate Williams’ Gathering Line

(P&GJ) — The Federal Energy Regulatory Commission (FERC) just gave a big boost to interstate pipelines that are considering new connections between shale fields and customers.

Spotlight on Mexico: Construction on Centauro del Norte Pipeline Begins

Nine months after signing the agreement with the Federal Electricity Commission (CFE), Grupo Carso began construction of the first section of the Centauro del Norte Gas Pipeline (GCN) located in Baja, California.

Baker Hughes to Supply Key Equipment for Woodside LNG Project in Louisiana

Baker Hughes has secured a contract from Bechtel Energy to provide liquefaction equipment for two plants as part of Phase 1 of Woodside Energy Group’s Louisiana LNG project.

Steelhead LNG Files Lawsuit Against Cedar LNG, Pembina, and ARC Resources

Steelhead LNG, a Vancouver-based liquefied natural gas developer, has initiated legal proceedings in British Columbia against Cedar LNG, Pembina Pipeline Corporation, and ARC Resources Ltd., alleging unauthorized use of proprietary information related to LNG facility development.

U.S. Natural Gas Prices See Best Year Since 2016 as LNG Export Demand Surges

U.S. natural gas futures retreated on Tuesday as traders booked profits after prices surged to a two-year peak in the previous session, though the market looked set for its biggest annual jump since 2016 fueled by an increase in gas flowing to liquefied natural gas (LNG) export plants on higher overseas demand.

Zoo Zaps Gas Line Woes Using Plastic Pipe

(P&GJ) — The latest renovation at the Baton Rouge Zoo included an important one that visitors will never see. Buried under the canal at the entrance is a new natural gas supply pipeline that will also protect the zoo and the more than 200,000 annual visitors.

Chart Industries Secures Equipment Order for Woodside LNG Project

Chart Industries Inc. has been selected to supply liquefaction technology and equipment for Phase 1 of Woodside Energy Group’s Louisiana LNG project.

Hexagon Agility Secures $11 Million Order for Natural Gas Modules

(P&GJ) — Hexagon Agility, a division of Hexagon Composites, has secured a $11.2 million order for its Mobile Pipeline TITAN 450 modules from a prominent U.S.-based oilfield services company.

Iraq Approves $4.6 Billion Basrah-Haditha Oil Pipeline Project

The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister's office said on Monday.

Court Temporarily Halts Construction of Tennessee Pipeline

(P&GJ) — Environmental opposition continues to bedevil proposed pipeline projects, both at the state and federal level, and Kinder Morgan’s Tennessee Gas Pipeline Company’s Cumberland Pipeline project is the latest poster child.

Cheniere Produces First LNG at Corpus Christi Stage 3 Project

Cheniere Energy on Monday said that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of its Corpus Christi Stage 3 Liquefaction Project.

Whiting Refinery Back to Normal Following Pipeline Leak, BP Says

BP's 435,000-barrel-per-day (bpd) Whiting, Indiana, refinery was operating normally following a leak from a pipeline that transports liquid material, the company said.

U.S. Natural Gas Prices Surge 23% Amid Cold Snap, Rising LNG Demand

U.S. natural gas futures soared more than 23% on Monday to mark their biggest daily percentage increase in two months, fueled by forecasts for more cold weather in January and an increased amount of gas flowing to liquefied natural gas (LNG) export plants.

Martin Midstream, Martin Resource Management Call Off Merger After Unitholder Pushback

Martin Midstream Partners has announced the termination of its merger agreement with Martin Resource Management Corp. Under the agreement, MRMC would have acquired all outstanding common units of MMLP not already owned by MRMC and its subsidiaries.

EXIM Approves $527 Million for Guyana Gas-to-Energy Project Supporting U.S. Jobs

The Export-Import Bank of the United States (EXIM) has approved $527 million in financing for a gas-to-energy project in Guyana, aiming to strengthen the country’s energy security and reduce its carbon footprint.

‘Skyrocketing’ Costs Loom Large for Urban Infrastructure Construction

(P&GJ) – When the National Association of Regulatory Utility Commissioners (NARUC) held its 2024 annual meeting in Anaheim, California, in November it extended operations for an ongoing task force studying ways to better integrate regulations for natural gas and electricity delivery systems.

Projects December 2024

Explore the latest updates in pipeline and gas infrastructure, featuring new systems, expansions, and innovative developments shaping the industry. Stay informed on significant projects that enhance operational efficiency and drive growth in the energy sector.

Editor’s Notebook: Happier Days Off the U.S. Gulf Coast

In this exclusive Pipeline & Gas Journal article, Enbridge unveils plans for two new offshore pipelines in the Gulf of Mexico to support bp's Kaskida project, showcasing the region's ongoing oil and gas infrastructure expansion.