Business & Markets

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.

Oglethorpe Power Acquires Natural Gas Plant in Georgia

Oglethorpe Power has acquired Walton County Power, a 465-megawatt natural gas-fired plant in Monroe, Georgia. This acquisition is part of Oglethorpe Power's strategy to enhance its generation portfolio with efficient and lower-carbon emitting natural gas and nuclear energy.

Venture Global Seeks Approval to Fuel Generator at Louisiana LNG Plant

U.S. liquefied natural gas company Venture Global LNG sought permission on Wednesday from U.S. energy regulators to take another step towards start-up of its new Plaquemines export plant in Louisiana by fueling its generator.

L&T Secures Offshore Pipeline Order from ONGC

The project involves the engineering, procurement, construction, installation, and commissioning of 129 kilometers (80 miles) of subsea pipelines and related modification works across ONGC’s offshore fields.

Report: LNG Market Equilibrium Fragile Due to Supply Issues

The global LNG market remains tight despite lower prices and a 2.1% growth in 2023, reaching over 401 million tonnes, according to the International Gas Union's (IGU) 2024 World LNG Report.

Rosneft Names New Head for Vostok Oil Project

Russia's Rosneft has appointed a new head of its flagship Vostok Oil project that is expected to produce up to 2 million barrels per day by 2030, mostly for export to Asia.

Turkmenistan Signs Deal to Supply Gas to Iraq Through Iran Swap Agreement

Turkmenistan has signed a swap deal with Iran under which Ashgabat will sell 10 billion cubic meters of natural gas a year to Iraq, the Turkmen government said on Wednesday.

Texas LNG Nears Full Capacity with New Offtake Agreement

Texas LNG Brownsville LLC has signed an agreement with an affiliate of a top-tier credit-rated market participant for a long-term LNG sale and purchase agreement for 0.5 million tonnes per annum of LNG.

Portugal, Spain Address Hurdles for Hydrogen Pipeline Project

Portugal and Spain are working to remove the obstacles to constructing an underwater green hydrogen pipeline by 2030 as part of their vision to become renewables superpowers, their energy ministers said on Wednesday.

TXOGA Applauds Court's Decision to Resume LNG Export Permits

Texas Oil & Gas Association (TXOGA) President Todd Staples praised the recent court ruling that ended the halt on LNG export permit approvals.

New Fortress Energy to Sell Miami LNG Facility

(P&GJ) — New Fortress Energy Inc. has agreed to sell its liquefaction and storage facility in Miami, Florida to a U.S. middle-market infrastructure fund.

Texas Governor Seeks $10 Billion for New Natural Gas Plants

Texas Governor Greg Abbott and Lieutenant Governor Dan Patrick said on Monday they will seek to expand the Texas Energy Fund program to $10 billion to build more natural gas plants to meet the state's growing demand for electricity.

Fire at Alberta Gas Metering Station Prompts Temporary Highway Closure

A fire that prompted temporary closure of a major highway near Edson town, Canada, on Monday involved a gas metering station, said Yellowhead County in northern Alberta.

Federal Judge Blocks Biden's Pause on LNG Export Permits

A federal judge on Monday dealt President Joe Biden's climate agenda a setback by blocking the Democrat's administration from continuing to pause the approval of applications to export LNG.

Whitecap Sells Gas Assets to Pembina, Secures Funding for New Facility

Whitecap Resources said it would raise about $378.73 million by selling working interests in two projects and securing investment for an upcoming facility, in separate deals.

Hydrogen Sector Urges EU to Support Local Firms Against Cheaper Chinese Competitors

European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday.

Germany, Morocco Form Alliance to Boost Green Hydrogen Production, Exports

Germany has agreed to form a climate and energy alliance with Morocco to support renewable energy expansion and hydrogen production in the north African country, the development ministry said on Friday.

Chesapeake Utilities Begins Renewable Gas Injections in Florida

Chesapeake Utilities Corp. has started injecting renewable natural gas (RNG) at its Radio Avenue site in Yulee, Florida, sourced from its Full Circle Dairy facility in Madison County.

BKV Sells First Carbon-Neutral Gas to Kiewit

BKV Corp. has announced its first sale of carbon sequestered gas to Kiewit Infrastructure South Co. This carbon-neutral natural gas aims to reduce greenhouse gas emissions across its value chain.

Supreme Court Ruling Puts Biden's Tailpipe Emission Rules at Risk

A U.S. Supreme Court decision limiting federal regulatory powers to interpret ambiguous laws could undermine President Joe Biden's effort to cut tailpipe emissions from the nation’s vehicle fleet, two environmental law attorneys told Reuters.

Saudi Arabia Discovers Seven New Oil and Gas Deposits

Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.

U.S. Court May Delay Hearing on Citgo Bids to September Amid Auction Deliberations

A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a motion filed with the court on Friday.

Tellurian Completes $260 Million Asset Sale to Aethon to Boost Driftwood LNG Project

Tellurian Inc. has completed the sale of its upstream assets to Aethon Energy Management LLC for $260 million. This move significantly strengthens Tellurian's balance sheet as it advances the Driftwood LNG project.