Business & Markets
Japan Gas Lobby Calls for Diplomacy to End LNG Destination Clauses
The head of the Japan Gas Association on Friday urged the government to enhance diplomatic efforts to eliminate destination clauses in long-term liquefied natural gas (LNG) contracts, ensuring flexibility for resale in response to demand trends.
Oil Flow via Russia’s Druzhba Pipeline Halted by Technical Issues
Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station, four people familiar with the matter said.
McDermott Opens Advanced Pipeline Welding and Technology Hub in Dubai
McDermott has inaugurated a state-of-the-art welding and technology center at the Oilfields Supply Center in Dubai's Jebel Ali Freezone. The 4,100-square-meter facility, designed for research, development, and qualification, can accommodate up to 250 personnel.
U.S. Natural Gas Prices Surge 5% to 23-Month High on Colder Forecasts, Rising LNG Feedgas
U.S. natural gas futures jumped about 5% to a 23-month high on Friday on early forecasts for much colder weather in mid-January that could freeze oil and gas wells and lift spot prices by reducing output as in past years.
Woodside’s Pluto Train 2 Modules Arrive, Scarborough LNG Project Advances
The Scarborough Energy Project achieved a major milestone with the final modules for Pluto Train 2 arriving at the Pluto LNG facility in Karratha, Western Australia. This development brings Woodside Energy closer to its goal of delivering first LNG by 2026.
APGA Chair Focuses on Safety, Lines of Communication
Pipeline & Gas Journal presents an exclusive profile of Kathy Garcia, APGA Chair and CPS Energy executive. With over 6,000 miles of underground pipelines under her purview, Garcia shares insights on APGA’s priorities, infrastructure growth, and natural gas advocacy, emphasizing collaboration and innovation in the energy sector.
Energy Transfer Signs 20-Year LNG Deal with Chevron for Lake Charles Project
Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum (mtpa) of LNG to Chevron from the Lake Charles project in Louisiana.
DNR Investigates 70,000-Gallon Oil Spill from Enbridge’s Line 6 Pipeline in Wisconsin
The Wisconsin Department of Natural Resources (DNR) is investigating a significant crude oil spill along Enbridge Energy’s Line 6 pipeline in Jefferson County, Wisconsin, near the town of Oakland, about four miles east of Cambridge.
Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
Tennessee Gas Pipeline, a Kinder Morgan subsidiary, greenlights the 206-mile Mississippi Crossing Project, set to deliver up to 1.5 Bcf/d to Southeast U.S. markets by 2028.
Oil States Sells Houston Ship Channel Facility for $24.8 Million
Oil States International Inc. has finalized the sale of its idled Houston Ship Channel facility, generating $24.8 million in net proceeds. The sale is part of the company’s broader strategy to optimize its operations and improve financial flexibility.
Matador Closes $600 Million Pronto Midstream Deal, Strengthens Balance Sheet
Matador Resources Company has finalized the contribution of its wholly-owned subsidiary, Pronto Midstream, LLC, to its midstream joint venture, San Mateo Midstream, LLC. The deal values Pronto at approximately $600 million and brings San Mateo's total estimated asset value to over $1.5 billion, net to Matador.
YPF and Shell Partner to Advance $50 Billion Argentina LNG Project
Argentina's state-run oil company YPF and oil major Shell signed an agreement to develop the country's flagship liquefied natural gas (LNG) project, the companies said on Thursday.
PDVSA and Reliance Resume Oil Swap with U.S. Approval, Document Reveals
Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed.
Oil Prices Rise on Falling U.S. Crude Stocks, Fed's 2025 Rate Plan Caps Gains
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signaled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar.
Chevron, Woodside Agree to Western Australia LNG Asset Swap
Woodside and Chevron said on Thursday they would streamline oil and gas operations in Western Australia through a stake swap deal, a move resulting in the Australian energy giant exiting the $34 billion Wheatstone LNG project.
North Dakota Oil Facilities Slow to Come Back Online After October Wildfires
Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state's Industrial Commission said on Wednesday.
Texas Connector Pipeline Seeks Route Cuts, Compressor Upgrades in FERC Filing
Texas Connector Pipeline LLC has filed for approval to amend its Texas project, focusing on changes to routing and compression capacity. The revisions aim to improve the efficiency of the pipeline system in Jefferson and Orange counties, with a decision expected in 2025.
U.S. Keeps LNG Exports Crown, Even as Growth Slows
The U.S. is set to maintain its LNG exports crown in 2024, with shipments climbing to new highs despite challenges like falling export prices and a drop in European demand. As global LNG prices rise, U.S. exporters look to offset losses with increased sales to Asia.
Glass Lewis Backs Martin Midstream's Buyout Deal with Martin Resource
Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has recommended the energy infrastructure firm's unitholders to vote for the company's proposed buyout deal with Martin Resource Management Corp.
Pacific Northwest Hydrogen Hub Formalizes Agreement with Mitsubishi Hydrogen Infrastructure
The agreement enables MHI H2I’s Boardman Hydrogen Hub project to access federal funding under the U.S. Department of Energy’s (DOE) H2Hubs Program, a major initiative to decarbonize the U.S. energy sector.
U.S. Imposes New Sanctions on Entities Linked to Nord Stream 2 Pipeline
The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project.
U.S. Natural Gas Prices Rise 2% on Increased LNG Exports, Cold Weather Demand
U.S. natural gas futures climbed about 2% on Wednesday on rising flows to the nation's liquefied natural gas (LNG) export plants and expectations utilities pulled more gas out of storage than usual to heat homes and businesses during extreme cold for a second week in a row last week.
Gazprom Delivers First LNG Cargo to Italy Amid Rising Sea-Borne Exports
Russian energy giant Gazprom has delivered its first cargo of liquefied natural gas (LNG) to Italy from LNG Portovaya plant on the Baltic Sea, LSEG data showed on Wednesday.
EIA: Henry Hub Natural Gas Prices Hit Record Lows in November
The Henry Hub daily natural gas spot price fell to an all-time low of $1.21 per million British thermal units (MMBtu) on Nov. 8 and Nov. 11, in inflation-adjusted dollars, according to the U.S. Energy Information Administration (EIA).
Consumers Energy Plans $248 Million Upgrade to Michigan's Natural Gas System
Consumers Energy has unveiled plans to modernize Michigan's natural gas infrastructure, including replacing up to 10,000 aging service lines and installing remote-control valves on major pipelines to enhance safety and efficiency.
Biden Administration Warns of Risks in LNG Export Expansion, Cites Price and Emissions Concerns
The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits.
Chevron Australia Secures 10-Year Gas Supply Deal with Alcoa
U.S. oil giant Chevron's Australian unit said on Tuesday it would supply a total of 130 petajoules of gas to aluminum producer Alcoa over a 10-year period starting 2028.
ADNOC Gas Names Fatema Al Nuaimi as CEO, Succeeding Ahmed Alebri
Abu Dhabi's ADNOC Gas said on Tuesday that it has appointed Fatema Al Nuaimi as its new CEO, effective Jan. 1, following Ahmed Alebri's decision to step down after nearly two years at the helm.
Slovakia's SPP, Partners Urge Continued Ukraine Gas Transit
Slovakia's main gas buyer SPP said on Tuesday it and other groups from Hungary, Austria and Italy had signed a declaration in support of continued natural gas transit through Ukraine.
Tamboran, APA Group to Develop 23-Mile Sturt Plateau Pipeline in Australia
The 23-mile (37-kilometer) pipeline will connect the planned Sturt Plateau Compression Facility to APA’s existing Amadeus Gas Pipeline, serving as the delivery point for gas volumes under a long-term gas sales agreement (GSA) with the Northern Territory Government.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
