Business & Markets
Trinidad Court Reaffirms ConocoPhillips' Claim Against Venezuela
Trinidad and Tobago's High Court has reaffirmed a decision recognizing ConocoPhillips' arbitration claim against Venezuela, which could freeze the Caribbean country's payments to its neighbor for joint natural gas projects.
Texas Tanker Bottleneck Grows Amid Slow Freeport LNG Restart After Hurricane Beryl
The number of LNG tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl's landfall last week.
Spain to Launch $2.5 Billion Plan to Boost Green Hydrogen Production
Spanish Prime Minister Pedro Sanchez announced a new plan worth $2.5 billion to boost the country's transition to clean energy, including subsidies for green energy industries and hydrogen made from renewable power.
WoodMac: National Oil Company International M&A Spending Hits 20-Year Low
Despite a surge in mergers and acquisitions by international oil companies, national oil companies have significantly reduced their international spending from a decade ago, according to Wood Mackenzie.
Tenaz Energy to Acquire NAM's Offshore, Pipeline Assets for $180 Million
The transaction includes all of NAM's offshore exploration and production businesses, associated pipeline infrastructure, and onshore processing in the Netherlands.
TotalEnergies Sells Nigerian Onshore Oil Assets to Chappal Energies for $860 Million
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday.
Kinder Morgan Launches Binding Open Season for South System Expansion 4 Project
Kinder Morgan has launched a binding open season on its proposed South System Expansion 4 project, designed to increase Southern Natural Gas Pipeline's South Line capacity by 1.2 billion cubic feet per day.
Judge Pauses Wyoming Oil, Gas Drilling Leases for Environmental Review
A federal judge has ordered the U.S. Bureau of Land Management to pause approving new permits to drill for oil and gas on nearly 120,000 acres of federal land in Wyoming until it finishes reevaluating the environmental impacts of a lease sale.
Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
A natural gas pipeline in Reeves County ruptured on July 15, marking the second such incident in the area within 11 months.
Exxon Shuts Joliet, Illinois Refinery After Storm Causes Power Outage
ExxonMobil shut down its 251,800-barrel-per-day refinery at Joliet, Illinois, due to a power outage after a storm, according to a filing late on Monday.
U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
A federal court in Alaska overturned on Tuesday night an oil and gas lease sale that had been mandated by the Biden administration's signature climate law as part of a political compromise, on grounds that the U.S. government violated the law when holding the sale.
EIA: U.S. Imports of Canadian Crude Hit Record High After TMX Startup
Imports rose by 807,000 barrels per day to 4.4 million bpd in the week to July 12, the largest gain since March 2023, according to the data.
Iran to Receive 300 Million Cubic Meters of Russian Gas Daily: Oil Minister
Iran will receive 300 million cubic meters of Russian gas daily, the official IRNA news agency reported Iran's oil minister Javad Owji as saying on Wednesday.
Hydrogen-Blend Pipelines: Integrity Readiness and the Role of ILI Inspection
In this Pipeline & Gas Journal exclusive, delve into the evolution and current state of in-line inspection (ILI) technologies for hydrogen-blend pipelines, focusing on the advancements in crack detection, material flaw identification, and corrosion monitoring.
Aramco Finalizes Deal to Acquire 50% of Air Products Qudra's Blue Hydrogen Business
Saudi oil giant Aramco has signed final agreements to buy 50% of the blue hydrogen industrial gases business of Air Products Qudra, it said on Tuesday, continuing the kingdom's drive to become a major hydrogen producer.
DeLa Express Advances 690-Mile Permian-to-Louisiana Pipeline with FERC Pre-filing Progress
DeLa Express advances its 690-mile Permian-to-Louisiana pipeline project with FERC pre-filing progress, aiming to transport natural gas from Texas to Louisiana markets. The project includes extensive environmental surveys and engages stakeholders early to address regulatory requirements.
Chesapeake Utilities Expands Renewable Natural Gas Infrastructure in Florida
Chesapeake Utilities' subsidiary, Peninsula Pipeline Company (PPC), has received approval from the Florida Public Service Commission for three projects expanding natural gas infrastructure.
TC Energy's $15 Billion Keystone XL Claim Rejected by U.S. Tribunal
Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project.
Court Orders FERC to Review Emissions Impact of Louisiana LNG Project
A U.S. court on Tuesday ordered the Federal Energy Regulatory Commission to reassess the impact of greenhouse gas and other emissions from Commonwealth LNG's Louisiana liquefied natural gas project.
Energy Transfer, Sunoco Join Forces in Permian Basin Crude Venture
U.S. pipeline operator Energy Transfer and fuel distributor Sunoco on Tuesday said they would form a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin.
ADNOC Gas Awards $550 Million in Contracts to Expand UAE Gas Pipeline Network
ADNOC Gas has agreed to transfer ownership of the $2.4 billion UAE gas pipeline expansion project to ADNOC. This transfer aims to enhance the capacity for natural gas delivery to the Northern Emirates.
Freeport LNG Resumes Natural Gas Imports Post-Hurricane Beryl
Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when it shuts.
Energy Transfer Completes WTG Midstream Acquisition, Expanding Pipeline Network by 6,000 Miles
This acquisition bolsters Energy Transfer’s Permian Basin operations with an additional 6,000 miles of gas gathering pipelines, primarily in the Midland Basin.
Kuwait's KPC Makes ‘Giant’ Oil Discovery in Al-Nokhatha Field
Kuwait Petroleum Corp. (KPC) said on Sunday it had made a "giant" oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.
Freeport LNG to Restart Train Following Hurricane Beryl Damage
The second-largest U.S. LNG exporter said in a statement that output would "steadily ramp up to full rates as these repairs are completed."
Biden Administration Considers Expanded Alaska Drilling Protections
The Biden administration is seeking input on whether to add more areas for protection from oil and gas drilling in Alaska's National Petroleum Reserve.
Gevo Surpasses Production Milestone in Renewable Natural Gas
Gevo Inc. has reported reaching a new production milestone in its renewable natural gas business, achieving an annualized rate of approximately 402,000 MMBtu in May.
Gibson Energy Extends Contract, Adds Cactus II Pipeline Connection
Gibson Energy Inc. has approved a new connection to the Cactus II Pipeline at its Gateway Terminal in South Texas, providing customers with access to up to 700,000 barrels per day of additional supply.
Ramco Secures Long-Term Contract for Equinor's Oil, Gas Pipelines
Ramco Norway will handle 80% of Equinor's oil and gas pipes running from Fjord Base in Florø to the Norwegian Continental Shelf.
Bolivia Makes Largest Natural Gas Discovery Since 2005 in "Mega Field"
Bolivian President Luis Arce on Monday announced the discovery of a 1.7 trillion cubic foot natural gas reserve located north of the country's administrative capital, La Paz.
- 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
