Business & Markets
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.
Aramco, SLB, and Linde to Develop Major Carbon Capture Project in Saudi Arabia
Saudi Aramco, SLB, and Linde plan to build a carbon capture and storage project in Jubail, Saudi Arabia. Set for completion by 2027, it aims to store up to 9 million metric tons of CO₂ annually, supporting Aramco's net-zero goals.
China Implements Rules to Cut Fuel Pipeline Transport Costs
China introduces new rules to lower fuel transport costs by pipeline starting January. State planner NDRC will regulate maximum revenues for PipeChina, aiming to reduce costs for end-users and ensure efficient oil product transport.
Oil Undervalued as Market Faces Deficit, Iran's Supply at Risk, Analysts Warn
Oil prices are undervalued due to a market deficit and potential supply risks from Iran, analysts from Goldman Sachs and Morgan Stanley warn. Factors such as OPEC+ output cuts and strategic reserve restocking could push prices higher in the short term.
Shell Completes Sale of Houston-Area Pipeline Assets to Edgewater Midstream
Shell Pipeline Company and its subsidiary Triton West have completed the sale of the Sinco pipeline system and Colex terminal to Edgewater Midstream.
Nut Tree and Caspian Urge Martin Midstream Unitholders to Reject Merger with MRMC
Nut Tree and Caspian Capital argue that MMLP’s merger proposal relies on a "deeply flawed" valuation and disproportionately benefits Ruben Martin III, MRMC's controlling figure, at the expense of unitholders.
Summit Midstream Completes Acquisition of Tall Oak Midstream III
This acquisition significantly boosts Summit’s natural gas portfolio, bringing its balance to about 50% natural gas-focused operations.
QatarEnergy Signs Long-Term LNG Deal with Shell for China Delivery
State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China.
Rising LNG Terminal Costs to Weaken Competitiveness of New U.S. Projects, Analyst Says
Rising construction costs for U.S. LNG export plants, such as Venture Global's Plaquemines and Golden Pass LNG, are expected to reduce the competitiveness of new U.S. projects, analysts at Poten & Partners predict. Increased natural gas demand and a potential rise in prices could further challenge U.S. gas exports.
Biden Administration Disburses Over $100 Billion in Clean Energy Grants as Term Winds Down
U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said.
Pipeline Operator Enbridge Forecasts Higher 2025 Core Profit on Strong Oil, Gas Demand
Enbridge on Tuesday forecast higher core profit for 2025 as the Canadian pipeline operator expects strong oil and gas demand to lift volumes, sending its U.S.-listed shares up 1% in premarket trading.
More U.S. LNG is Needed to Support Asia’s Emissions Reduction Goals, New Study Finds
Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown.
Amazon to Pilot A.I.-Designed Material for Carbon Removal
Amazon.com Inc. plans to pilot a new carbon-removal material for data centers, which are at risk of worsening emissions from artificial intelligence systems they power, a startup behind the deal said.
Colombia's Ecopetrol to Build Green Hydrogen Plant at Cartagena Refinery
Colombia's majority state-owned energy company Ecopetrol ECO.CN plans to build a new green hydrogen plant at its refinery in the Caribbean city of Cartagena for some $28.5 million, it said in a statement on Monday.
U.S. Natural Gas Storage Volumes Highest Since 2016 as Winter Heating Season Starts
The United States started the winter heating season with the highest levels of natural gas in storage since 2016, the U.S. Energy Information Administration said.
China Completes Full Pipeline for Power-of-Siberia Gas
China has built and connected the 5,111-km (3,175-mile) Power-of-Siberia pipeline to deliver gas from Russia's Siberian fields to users as far as the financial hub of Shanghai, Chinese state media reported on Monday.
Jordan Signs Deal to Use Egyptian FSRU Until 2026
Egypt and Jordan have signed an agreement to allow Jordan to use an Egyptian floating storage and regasification unit (FSRU) until 2026, Jordan's energy ministry said on Monday.
Key Vaca Muerta Gas Pipeline Project Approved by Argentina Government
Argentina's government has approved a key $500 million private sector gas pipeline expansion project, the energy secretariat said on Monday, a key signal of state support to boost transport capacity as it ramps up domestic energy production.
TCP Jumpers Installed at Sabah Project, Off Malaysia
Strohm, the world’s first and leading thermoplastic composite pipe (TCP) company, has overseen the successful installation of its TCP Jumper technology at the Deepwater Sabah project offshore Malaysia.
Azerbaijan Caps Kazakh Oil Flow in BTC Pipeline Over Sulfur Content
Azerbaijan has capped Kazakhstan’s oil transit through the BTC pipeline at 2.2 million tons per year, citing quality concerns. This move limits Kazakhstan’s efforts to reduce its reliance on Russian routes for crude exports.
U.S. Natural Gas Prices Plunge 8% as Mild Weather Weakens Heating Demand
U.S. natural gas futures dropped 8% due to milder weather forecasts and reduced heating demand. Despite rising output and high market volatility, gas prices are expected to rebound with increased LNG exports.
Argentina's Pampa Energia Joins LNG Export Venture Aiming for 11.5 Million Cubic Meters Daily
Argentina’s Pampa Energia has joined a $2.9 billion LNG export project with Pan American Energy and Golar. The initiative aims to export 11.5 million cubic meters of LNG daily, boosting Argentina’s role in global energy markets.
- 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
