Business & Markets
Aramco Awards $25 Billion in Contracts for Strategic Gas Expansion
Aramco has announced contracts totaling over $25 billion to advance its strategic gas expansion efforts. This initiative aims to achieve a more than 60% increase in sales gas production by 2030 compared to 2021 levels.
Pipeline Integrity: Improving Data to Identify Selective Seam Weld Corrosion
Learn about the importance of detecting and managing Selective Seam Weld Corrosion (SSWC) in pipelines. Discover how advanced technologies like SpirALL MFL are helping ensure pipeline safety and integrity.
FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
The project, estimated at $91.8 million, aims to expand the capacity of the existing Transco pipeline in Texas and Louisiana, enhancing energy infrastructure reliability and diversification along the Gulf Coast.
Dealmakers Optimistic for 2024 M&A Recovery Despite Slow Q2 Growth
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.
Russia to Begin Exporting 10 Bcm of Gas Annually to China from Far East in 2027
Russia's Gazprom will start annual pipeline gas exports to China of 10 billion cubic meters (Bcm) in 2027, its boss Alexei Miller told an annual shareholders' meeting on Friday.
Egyptian Fertilizer Company Turns to Hydrogen Amid Gas Shortage
One of Egypt's largest fertilizer companies said on Thursday it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.
Fulcrum LNG Teams Up with McDermott, Baker Hughes for Guyana Gas Project
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday.
Construction of Germany's First Land-Based LNG Terminal Begins
The construction of Germany's first land-based liquefied national gas terminal at the inland port of Stade kicked off on Friday with the goal of starting operation in 2027, said the project firm Hanseatic Energy Hub.
U.S. Crude Imports Hit Two-Year High Despite Lukewarm Demand
U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.
Trans Mountain Bets on Last-Minute Oil Shippers to Profit from High-Cost Pipeline
Canada's Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show, clouding Ottawa's efforts to sell the pipeline now that its $25 billion expansion is finished after years of delays.
U.S. Supreme Court Blocks EPA's 'Good Neighbor' Air Pollution Plan
The 5-4 decision granted requests by Ohio, Indiana and West Virginia, as well as U.S. Steel Corp, pipeline operator Kinder Morgan and industry groups, to halt enforcement of the EPA's "Good Neighbor" plan restricting ozone pollution from upwind states, while they contest the rule's legality in a lower court.
U.S. Regulators Approve Louisiana LNG Plant and 85-Mile Pipeline
The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) pipeline.
SM Energy to Acquire XCL's Uinta Assets for $2 Billion
XCL, backed by EnCap Investments and Rice Investment Group, is one of the largest producers in the region with an output of around 55,000 barrels of oil equivalent per day.
Venture Global's Louisiana Plaquemines LNG Export Plant Receives First Natural Gas
Venture Global LNG's Plaquemines export plant under construction in Louisiana started to take in natural gas from pipelines on Wednesday, according to data from financial firm LSEG on Thursday.
Russia's Novatek to Begin Delivering Equipment for Arctic LNG 2's Next Phase in July
Russian energy company Novatek plans to start delivering the foundations for the second stage of its Arctic LNG 2 plant in late July, two sources familiar with the plans told Reuters on Thursday.
Peru State-Run Oil Firm Reports Crude Leak from Illegal Pipeline Connection
Peru's state-run oil producer said on Tuesday it had detected an illegal hook-up that caused crude to leak out from its pipeline in the north of the country that runs from the Amazon to the Pacific.
U.S. Oil Firms Face Challenges Selling $27 Billion in Assets Post-Megamergers: Analysis
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Kimmeridge Acquires 90% Stake in Commonwealth LNG
Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied natural gas export project Commonwealth LNG, it said on Tuesday.
Cheniere Energy Uncertain About Meeting Year-End LNG Target at Corpus Christi
Top U.S. LNG exporter Cheniere Energy Inc. will not know until September when it can produce first LNG from its Corpus Christi Stage 3 LNG export facility, said Bechtel General Manager of LNG Bhupesh Thakkar.
Guyana Selects Firm Led by Ex-Exxon Exec to Engage with Exxon on Gas Project
A newly formed company headed by a former ExxonMobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said.
Sempra Signs 20-Year Deal to Supply LNG to Aramco from Port Arthur Project
Aramco and Sempra have signed a non-binding agreement for a 20-year sale and purchase agreement for 5 million tonnes per annum of LNG from the Port Arthur LNG Phase 2 expansion project.
Gazprom Signs Memo with Iran for Russian Gas Supplies
Russian energy giant Gazprom has signed a memorandum with the National Iranian Gas Company (NIGC) to supply Russian pipeline gas to Iran, it said on Wednesday.
Strohm Unveils Carbon Fiber Pipes for CO2 Transfer in CCS Applications
(P&GJ) — Strohm, a leading thermoplastic composite pipe (TCP) company, has introduced a new product combining carbon fiber and advanced PVDF polymer.
NNPC's OB3 Gas Pipeline Set to Be Completed by August
NNPC's OB3 Gas Pipeline is poised for completion by August, marking a significant milestone with the promise of delivering 2.2 billion standard cubic feet of gas to bolster national supply.
Southern Star Responds to Pipeline Fire in Terlton, Oklahoma
Investigators said they are still working to determine the cause of the fire, which occurred during maintenance work on a gas pipeline the morning of June 22.
Enbridge and Indigenous Partners to Launch 200-MW Wind Project in Saskatchewan
The Seven Stars Energy Project aims to produce enough emissions-free power to supply over 100,000 homes. The project, set to be operational by 2027, will be developed and operated by an Enbridge subsidiary.
Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger.
Spanish, French Operators Sign Hydrogen Pipeline Agreement
The pipeline, known as BarMar, is expected to cost $2.67 billion. It is part of a broader plan for hydrogen infrastructure from the Iberian peninsula to France and on to Central Europe, called H2MED.
Kinetik Completes Acquisition of Durango Midstream’s New Mexico Gathering, Processing System
Kinetik funded the cash consideration for the Durango acquisition with proceeds from the divestiture of its 16% equity interest in the Gulf Coast Express pipeline, which was completed on June 4, 2024.
688-Mile Summit Carbon Pipeline Project Approved for Construction by Iowa Regulators
(P&GJ) — Summit Carbon Solutions LLC has received a construction permit to build, maintain, and operate the Midwest Carbon Express, a 688-mile pipeline spanning 29 counties in Iowa.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- 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
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
