Business & Markets
Natural Gas Firm Peyto to Buy Repsol's Canada Unit for $468 Million
Canadian natural gas firm Peyto Exploration & Development has agreed to buy Spanish energy company Repsol's assets in Canada for $468 million, the two companies said in separate statements.
Brazil's Petrobras Signs Agreements with Compagas for Natural Gas Supply
Brazil's state-run oil company Petrobras has signed contracts for the supply of natural gas with gas company Compagas for around $1.28 billion, Compagas told Reuters on Tuesday.
Williams CEO Not Interested in Acquisition of Utility Companies
U.S. energy firm Williams Companies is not interested in three utilities recently bought by Canada's pipeline operator Enbridge as the return rate would be too low, CEO Alan Armstrong said on Wednesday.
Japan's Inpex Interested in Buying US LNG Linked to Henry Hub Prices, CEO Says
Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices, CEO Takayuki Ueda told Reuters on Wednesday.
India Seeks More Natural Gas Amid Emergency Measures to End Blackouts
India is seeking additional volumes of natural gas and has asked utilities to expedite the completion of power plant maintenance as part of emergency steps to stop electricity outages, according to Reuters.
Pipeline Operator Enbridge Bets Big on US Gas with $14 Billion Bid for Dominion Utilities
Enbridge will buy three utilities from Dominion Energy for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business.
UAE's ADNOC to Proceed with Habshan Carbon Capture Project
The carbon capture, utilization, and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million metric tons of carbon dioxide a year, ADNOC said in a statement.
Tellurian, Baker Hughes Collaborate on Driftwood LNG Phase 1 Equipment for 2027 Production
(P&GJ) — Tellurian Inc. and Baker Hughes have entered an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.
Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.
Pacific Energy-Enbridge Venture Woodfibre to Supply 100% of its LNG to BP
Pacific Energy and Enbridge-owned Woodfibre said on Tuesday it would supply 100% of the LNG from its proposed plant in British Columbia to BP Plc after it signed another agreement with a unit of the energy major.
PTT: Thailand Regasification Capacity to Nearly Double by 2030
Thailand's annual gas regasification capacity will nearly double by the end of the decade as LNG imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday.
Western Midstream to Acquire Meritage, Adding 1,500 Miles of Gas Pipelines in Powder River Basin
(P&GJ) — Western Midstream Partners LP is set to acquire Meritage Midstream Services II LLC in an all-cash transaction valued at $885 million. The assets include approximately 1,500 miles of natural gas gathering pipelines and 380 MMcf/d processing capacity, situated in Converse, Campbell, and Johnson counties, Wyoming.
Kingston Midstream to Acquire Rangeland Midstream’s Marten Hills Pipeline System
(P&GJ) — Midstream assets included in the transaction consist of the Marten Hills Pipeline System, comprised of crude oil and condensate pipelines, both 82 kilometers (51 miles) in length, and related assets serving the core of the Marten Hills region of north central Alberta in the prolific Clearwater play.
Canada Oil Sands Carbon Capture Project Struggles to Get Key Contract
Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta's oil sands.
EU Proposes Permanent Scheme for Joint Gas Purchases
The European Commission has proposed making the EU's scheme for joint gas purchases permanent, after demand exceeded expectations in the policy's first tenders to seek non-Russian fuel, a document showed, and officials told Reuters.
Shell, Trinidad Weigh Venezuela's Natural Gas Investment Demands
Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said.
Venture Global and Baker Hughes Expand LNG Equipment Supply Agreement
(P&GJ) — Venture Global LNG has announced a significant expansion plan to boost its LNG production capacity from 70 million tonnes per annum (MTPA) to over 100 MTPA of LNG export capacity.
Berkshire Hathaway Successfully Acquires Dominion Energy’s 50% Stake in Cove Point LNG
(P&GJ) — Berkshire Hathaway Energy has completed the purchase of Dominion Energy’s 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%.
Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030
U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.
Israel, Cyprus and Greece Mull Energy Pacts to Tap Regional Gas
The leaders of Israel, Greece and Cyprus pledged to deepen their energy cooperation on Monday and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.
MET Group Inks 20-Year LNG Supply Deal with Commonwealth LNG
Switzerland-based energy trader MET Group said on Monday it has signed a preliminary agreement with Commonwealth LNG to buy liquefied natural gas (LNG) from the U.S. company's facility currently under development in Cameron, Louisiana.
Hundreds of Millions Pledged for African Carbon Credits at Inaugural Climate Summit
An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit.
EIA Says Depleting US Crude Inventories Lift Oil Prices
U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a sense the market is tightening and driving a recovery in spot prices and calendar spreads.
US Backs Chevron's Subsea Pipeline Plan for Aphrodite Gas Field Amid Cyprus Dispute
Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the U.S. company's plan to link it to neighboring Egypt, two industry sources and a U.S. source said on Friday.
Japan's Mitsui, Others to Jointly Study Hydrogen, Ammonia Supply Chain in Osaka
Japan's Mitsui & Co., Mitsui Chemicals, IHI Corp. and Kansai Electric Power Co. will conduct a joint study for establishing a hydrogen and ammonia supply chain in the Osaka coastal industrial zone, the companies said.
Newfoundland Selects Multiple Wind Farm Projects to Power Hydrogen Plants
Canada's gusty Atlantic province of Newfoundland and Labrador selected four companies on Wednesday to develop wind farms to supply power for new hydrogen plants, conditional on further approvals.
Eni, Snam Set Ambitions for Italy's First Carbon Storage Project
Carbon capture and storage (CCS) technology is key to ensuring the survival and the competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.
Aliso Canyon to Store More Gas to Prevent Winter Price Spikes
California's utilities regulator on Thursday raised the inventory level of Aliso Canyon natural gas storage to prevent price spikes seen last winter, while seeking to wean the state off the facility that in 2015 caused the biggest gas leak in U.S. history.
Gazprom Drives Over Half of China's Gas Import Surge, CEO Says
Alexei Miller, the chief executive of Russian gas giant Gazprom, said on Thursday that the company accounts for more than half the increase in China's gas imports this year, without providing figures.
Canada's Altagas to Buy Natural Gas Assets from Tidewater for $480 Million
Canada's Altagas has agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure for $650 million, the companies said on Thursday.
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- Magellan Midstream Approves $18.8 Billion Sale to ONEOK, Creating Major U.S. Pipeline Player
- Supreme Court Approves Completion of 303-Mile Mountain Valley Gas Pipeline
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
