Business & Markets
Chevron Expands Pasadena Refinery to Boost Light Crude Processing Capacity by 15%
Chevron U.S.A. Inc. has completed a retrofit of its Pasadena, Texas refinery, increasing its processing capacity by nearly 15%, bringing it to 125,000 barrels per day. The upgrade enhances the facility's flexibility in refining lighter crudes and aligns with Chevron’s strategy to bolster its Gulf Coast refining system.
Austria's OMV Terminates Gazprom Gas Contract Amid Ukraine War-Related Supply Dispute
Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized due to the war in Ukraine.
LF Bioenergy Expands RNG Footprint, Reducing 60 Million Gasoline Miles in Environmental Impact
LF Bioenergy, a renewable natural gas (RNG) company that partners with farmers to capture methane and convert it into energy, has expanded its RNG project footprint with four operational facilities and two more under construction across the U.S.
Tenaris, IGI Poseidon Partner to Advance Offshore Hydrogen Pipeline Testing
Tenaris and IGI Poseidon, a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A., are collaborating to address key challenges in transporting hydrogen via ultra-deep offshore pipelines.
Analysis: Japan Eyes Exit from Russian Gas Amid Sakhalin Decline, Rising LNG Rivals
As Japan's long-term contracts to secure liquefied natural gas (LNG) from Russia's Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to switch to cleaner energy, industry insiders say.
Russia's Yamal LNG Deploys Axios II Tanker for Trans-shipments in Barents Sea
Russia's Novatek-owned Yamal LNG plant has deployed the LNG tanker Axios II for ship-to-ship operations in the Barents Sea, LSEG data shows.
DOE Holds Up Louisiana LNG Approvals Pending FERC Reviews
The U.S. Department of Energy said on Tuesday it is not able to complete reviews of two liquefied natural gas projects in Louisiana until an independent regulatory body finishes its environmental assessments.
GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
In a Dec. 5 letter addressed to Governor Hochul, Republican lawmakers from New York and Pennsylvania expressed strong criticism of New York State's decision to block the Northern Access Pipeline, a $500 million natural gas infrastructure project.
Permian Resources Divests Reeves County Gathering Systems for $180 Million
Permian Resources Corp. has agreed to sell its natural gas and oil gathering systems in Reeves County, Texas, to Kinetik Holdings Inc. for $180 million in cash, pending post-closing adjustments.
Northern Endurance to Launch UK’s First Carbon Capture Project
The Northern Endurance Partnership (NEP) has secured financial close for the UK’s first carbon capture and storage (CCS) project, set to store up to 4 million tonnes of CO2 annually.
Kinder Morgan Predicts Higher Profit in 2025 Driven by Natural Gas Pipelines
Kinder Morgan forecast higher earnings for 2025 on Monday as the U.S. pipeline operator bets on growth in its natural gas pipelines and energy transition ventures amid rising demand for the fuel.
U.S. Natural Gas Prices Drop 3% Amid Rising Output, Mild Weather Forecasts
U.S. natural gas futures slid about 3% on Tuesday on rising output, forecasts for milder weather and lower heating demand than previously expected and a decline in the amount of gas flowing to LNG export plants to a one-month low.
Shell, Greenpeace Settle Lawsuit Over Protest on Oil Vessel
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
Macquarie, Dow Launch $2.4 Billion Gulf Coast Pipeline Infrastructure Partnership
Macquarie Asset Management has announced a new partnership with Dow Inc. to form Diamond Infrastructure Solutions, a venture focused on managing and expanding key U.S. Gulf Coast infrastructure assets, including pipelines, storage, and industrial services.
Ameresco, Republic Services Launch RNG Plant at Illinois Landfill
Ameresco Inc. and Republic Services have begun operations at a renewable natural gas (RNG) facility located at Republic Services’ Roxana Landfill in Edwardsville, Illinois.
SynMax Extends Satellogic Deal to Grow Oil, Gas Insights Platform
SynMax has expanded its partnership with Satellogic Inc., utilizing the satellite imaging company's high-frequency, high-resolution imagery to enhance monitoring of oil and natural gas production across North America.
ADNOC, Petronas Sign 15-Year Agreement for Ruwais LNG Project
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais LNG project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG.
Acquisition of FSRU Independence Complete, Marking Milestone for Lithuania Gas Operations
KN Energies has completed its acquisition of the FSRU Independence from Höegh Evi. The Independence was commissioned by the Republic of Lithuania in 2014 and was engineered with regasification capacity to fully meet the country's gas needs.
Trump’s Pledge to Lift LNG Exports Cap Not a Concern, Qatar Energy Minister Says
(Reuters) – Qatar has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas (LNG) exports, Qatar's Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition.
BP Seeks Buyers for U.S. Natural Gas Pipeline System Stake, Sources Say
BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said.
Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Polish gas pipeline operator Gaz-System will offer firm capacity to export gas from Poland to Ukraine between Jan. 1 and Sept. 30 next year, the company said on Friday.
Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
Energy Transfer has announced a final investment decision (FID) to build the Hugh Brinson Pipeline, a $2.7 billion intrastate natural gas pipeline designed to move Permian Basin production to key Texas markets and trading hubs.
Biden Administration to Release LNG Study by Mid-December
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas exports by the middle of this month, a Department of Energy official said on Wednesday.
Matador to Sell Pronto Midstream Stake for $600 Million to San Mateo JV
Matador Resources has agreed to sell its wholly-owned subsidiary, Pronto Midstream, to San Mateo Midstream, a joint venture where Matador holds a 51% stake.
Venture Global Challenges FERC's Call for Additional LNG Environmental Review
Venture Global LNG on Wednesday slammed a U.S. call for an additional environmental review of a proposed Louisiana LNG project as unnecessary, adding that it will be ready to begin construction once the project gets a final go-ahead.
ONEOK Completes NGL Fractionation and Pipeline Expansion Projects
ONEOK Inc. announced the completion of two key natural gas liquids (NGL) infrastructure projects: the MB-6 fractionator in Mont Belvieu, Texas, and the looping of the West Texas NGL Pipeline system.
Woodside Partners with Bechtel for Louisiana LNG Project Development
Australia's Woodside Energy Group said on Thursday it has signed an engineering, procurement and construction contract with U.S. engineering firm Bechtel to develop the Louisiana LNG project.
Russian Oil Halted Through Druzhba Pipeline to Czech Republic, Unipetrol Confirms
Russian crude oil flows to the Czech Republic through the Druzhba pipeline remained halted on Thursday, refiner Unipetrol said.
Sembcorp Secures 10-Year LNG Deal with Chevron's Singapore Unit
Sembcorp Industries on Thursday said its unit, Sembcorp Fuels signed a deal with Chevron USA's Singapore unit to import up to 0.6 million tonnes of liquefied natural gas (LNG) annually starting in 2028.
Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus
Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.
- 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
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Traverse Pipeline Approved to Move 1.75 Bcf/d of Gas Along 160-Mile South Texas–Katy Route
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
