Business & Markets
Gas Prices Drop as Hurricane Beryl Impact on U.S. LNG Facilities Eases
Dutch and British wholesale gas prices were down on Tuesday morning amid easing concerns over the impact of Hurricane Beryl on U.S. LNG facilities after Freeport LNG said it will resume production after it has passed.
U.S. Natural Gas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday.
FERC Upholds 3-Year Extension for Tellurian to Construct Driftwood LNG Plant
FERC has upheld an earlier decision to allow liquefied natural gas developer Tellurian a three-year extension to construct its Driftwood LNG plant on the west bank of the Calcasieu river, near Lake Charles, Louisiana.
Spain Approves $865 Million for Green Hydrogen Projects
The Spanish government has approved subsidies worth $865.52 million for major green hydrogen projects, Energy Minister Teresa Ribera said on Tuesday.
Shell Advances Manatee Gas Project Development in Trinidad
Shell on Tuesday decided to proceed further with the development of the Manatee gas field in Trinidad, as it looks to strengthen its liquefied natural gas business.
Texas Oil Companies Restart Operations After Hurricane Beryl
Oil and gas companies in Texas were restarting operations on July 9 after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.
Devon Energy to Acquire Grayson Mill's Williston Assets for $5 Billion
Devon Energy has entered into a deal to acquire private equity firm EnCap-owned Grayson Mill Energy's Williston basin business in a cash-and-stock deal worth $5 billion, as it aims to cash in on high stock valuations to grow acreage.
Flowmeter Market Surge: Study Projects Growth to $9.6 Billion by 2027
The comprehensive “Volume X: The World Market for Flowmeters, 9th Edition” study from Flow Research reveals that the worldwide market for all types of flowmeter technologies totaled $7.6 billion in 2022 and $7.9 billion in 2023, with revenues forecast to reach $9.6 billion in 2027.
Freeport LNG Gas Flows Hit Near Zero During Hurricane Beryl
During Hurricane Beryl, natural gas flows to Freeport LNG's export plant in Texas plummeted to near zero, impacting U.S. LNG exports.
Largest Texas Ports Close; Enbridge Activates Emergency Plans, Kinder Morgan Shuts Facilities as Hurricane Beryl Nears
Largest Texas ports close as Hurricane Beryl nears, affecting Enbridge and Kinder Morgan operations. The companies implemented emergency plans and facility shutdowns ahead of the storm's landfall on the Texas coast.
Elevation Midstream and ARB's Platte River Merge to Lead DJ Basin Consolidation
The Platte River assets include more than 200 miles of crude gathering and transmission pipelines and offer multi-market optionality to customers via the Platteville and Lucerne Terminals.
Exxon's Q2 Outlook Affected by Pioneer Deal and Gas Price Trends
Exxon's second-quarter outlook hinges on the impact of its Pioneer acquisition and fluctuating gas prices, amid broader market dynamics.
Pipeline Regulatory Expert Michelle Boudreaux Joins Bracewell
Formerly a partner at Baker Botts, Boudreaux brings over 20 years of experience specializing in federal and state regulation of petroleum liquids and natural gas pipelines.
Petronas Boosts LNG Fleet Ahead of LNG Canada Start-Up
The addition of the vessels, which brings the total number in Petronas' fleet in North America to six, comes ahead of the start-up of LNG Canada's gas-export facility due later this year, the company said in a statement.
Germany Plans Bids for Hydrogen-Ready Power Plants by Early 2025
Germany said on Friday it will launch the first tender for the construction and modernization of 12.5 gigawatts of gas power plants that can switch to hydrogen by the end of 2024 or early next year, following industry pressure.
Gas Pipeline Accident Sparks Fire in Crimea, Disrupting Supplies to Alushta, Officials Say
A fire broke out late Saturday after an accident at a gas pipeline near the village of Vinogradnoye in Moscow-annexed Crimea, cutting gas to the resort town of Alushta and more than a dozen settlements, Russian officials said.
U.S. Coast Guard Warns Hurricane Beryl May Shut Texas Oil Ports
The U.S. Coast Guard warned of possible Texas port closures from Corpus Christi to Houston because of Hurricane Beryl, which is expected to make landfall by Monday morning south of Port Lavaca.
Billionaire Carlos Slim's Grupo Carso Partners with Pemex on Natural Gas Project
Grupo Carso, the Mexican holding company controlled by the family of Mexican mogul Carlos Slim, said on Friday that it has signed an exploration and extraction services contract with state oil firm Pemex for the stalled Lakach natural gas project.
Technote: Operator’s New Vision to Control Flaring
In today’s rapidly evolving energy landscape, oil and gas operators face increasing scrutiny and responsibility to align their practices with stringent environmental regulations. One of their most demanding, ongoing environmental challenges is efficient management of flaring operations.
Tropical Storm Beryl Expected to Have Minimal Impact on U.S. Offshore Oil Production
Tropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution.
Australian Regulator Warns of East Coast Gas Shortage by 2027
Australia's east coast could face gas shortages from 2027, a year earlier than initially forecast, the country's competition regulator said on Friday, as it called for an urgent need to develop new sources of production and supply.
ADNOC to Allocate 40% Stake in Ruwais LNG Project to Shell, TotalEnergies, BP, and Mitsui, Sources Say
The four companies are expected to get a stake of 10% each in the project which will more than double UAE's output of the sea-borne fuel and is expected to produce about 9.6 million metric tons per annum by late 2028, the sources said.
Golar LNG Signs 20-Year Floating LNG Vessel Deal in Argentina
Golar LNG said on Friday it has partnered with Pan American Energy to deploy a floating liquefied natural gas (FLNG) vessel for 20 years to export domestic natural gas as LNG from Argentina.
Energy Transfer Unable to Block Williams Pipeline Construction, Louisiana Judge Rules
In a recent ruling by a Louisiana district court, Williams Companies Inc. has been granted permission to build a natural gas pipeline intersecting Energy Transfer LP’s conduit.
U.S. Senate Probes Oil Producers for Alleged Price Collusion with OPEC
The U.S. Senate budget committee on Thursday launched a probe of domestic oil producers about any efforts to illegally coordinate oil prices with OPEC, in the latest effort by Democratic lawmakers to pressure energy companies.
ADNOC Explores Potential Bid for Australian Gas Giant Santos, Sources Say
Abu Dhabi National Oil Company (ADNOC) is in the preliminary stages of exploring a possible bid for Australian gas supplier Santos, two people with knowledge of the plans said, speaking on condition of anonymity.
U.S. Awards 1 Million Barrels Gasoline Sale Contracts to Five Firms
The U.S. Department of Energy said five companies, including BP, have been awarded contracts for the sale of 1 million barrels of gasoline from the U.S.-managed stockpile in northeastern states.
Sinopec Strikes Significant Oil, Gas Flow in South China Sea Well
China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea, it said on Wednesday.
Nigerian Regulator Clears Eni, Equinor Asset Sales to Local Buyers
Nigeria's upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim to acquire assets.
China Backs Kazakhstan's BRICS Bid, Strengthens Energy Ties
China and Russia are pushing for the expansion of the BRICS grouping, which also includes Brazil, India and South Africa, as they seek to counter Western economic dominance.
- 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
