Business & Markets
BP's Archaea Energy and Republic Services Launch Indiana RNG Facility
Archaea Energy and Republic Services have started operations at their Indiana RNG facility, leveraging AMD technology to convert landfill gas into renewable natural gas (RNG).
NextDecade, Saudi Aramco Ink 20-Year LNG Supply Deal
U.S. liquefied natural gas provider NextDecade has signed a non-binding agreement with Saudi Aramco to supply 1.2 million tonnes per annum (MTPA) of LNG for 20 years, the companies said on Thursday.
Attack on Niger-Benin Oil Pipeline Kills Six Soldiers, Security Sources Report
Unidentified assailants in Niger attacked soldiers guarding a major Niger-Benin oil pipeline on Wednesday, killing six soldiers, three security sources told Reuters on Thursday.
Ukraine Secures First LNG Supply Deal with U.S. Firm Venture Global Amid Energy Crisis
Ukraine signed on Thursday its first LNG deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbor Russia.
Temasek Nears Completion of Pavilion Energy LNG Sale to Shell, Sources Say
Singapore's Temasek Holdings is finalizing the sale of some assets from LNG trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.
Trans Mountain Pipeline Operating at 80% Capacity, Sets to Load 22 Tankers in Vancouver
Twenty-two oil tankers are scheduled to load this month in Vancouver with crude from the expanded Trans Mountain pipeline, which is running around 80% full with a "little bit" of spot capacity also being used, a Trans Mountain executive said on Wednesday.
Arizona Utility Regulators Overturn Committee Decision, Approve Black Mountain Gas Expansion Project
This ruling permits the construction of new gas power plants in Arizona without the explicit review of environmental impacts and customer costs.
FERC Approves Mountain Valley's $7.85 Billion Virginia Gas Pipeline, Operations Set to Begin Soon
Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC), according to a filing on Tuesday.
Matador Acquires EnCap-backed Ameredev Unit for $1.91 Billion, Expanding Permian Oil Assets
U.S. oil and gas producer Matador Resources said on Wednesday it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in a $1.91 billion cash deal for a unit of Ameredev II Parent.
ADNOC Awards $5.5 Billion of Contracts for Ruwais LNG Plant
ADNOC has awarded contracts worth $5.5 billion to build its Ruwais project which will more than double the United Arab Emirates LNG output, the Abu Dhabi Media Office said on Wednesday.
Quality Concerns on Trans Mountain Pipeline May Impact Canadian Oil Flows to U.S. West Coast Refiners
U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels.
Uniper Wins $14 Billion Arbitration Ruling Against Gazprom, Terminates Dormant Gas Supply Contracts
German utility Uniper has won a multibillion-euro arbitration against former long-time supplier Gazprom, it said on Wednesday, allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases.
Mountain Valley Pipeline Startup Approval Leads to 2% Drop in U.S. Natural Gas Prices
U.S. natural gas futures slid about 2% on Wednesday on expectations the startup of the Mountain Valley Pipeline will soon allow more cheap gas from the Appalachia shale basin to flow to markets.
Clean Energy Expands Boron LNG Plant Capacity in California
Clean Energy Fuels Corp. has completed the construction of a third production train at its liquefied natural gas (LNG) plant in Boron, California, boosting the plant’s volume capacity by 50 percent.
Mexico's Proven Crude Oil Reserves Fall as Natural Gas Reserves Rise
Mexico's proven crude oil reserves have fallen though proven natural gas reserves increased, resulting in an increased total for hydrocarbon reserves, the country's regulator said on Tuesday in its annual update for 2024.
Canada Backs Landfill-to-Energy Project with Second Carbon Price Guarantee Deal
The Canada Growth Fund, a federal clean-tech financing agency, on Tuesday signed its second deal to backstop carbon prices with a proposed Alberta facility that would convert landfill waste to electricity and sequester the resulting carbon emissions.
U.S. to Purchase 6 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. Department of Energy’s Office of Petroleum Reserves has unveiled two new solicitations totaling 6 million barrels of oil for delivery to the Strategic Petroleum Reserve’s Bayou Choctaw site from September through December.
Oil Prices Extend Rally on Prospects of U.S. Crude Purchase for Reserve
Oil prices rose on Tuesday, extending the previous day's rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar.
Nigeria's NNPC Signs Floating LNG Deal with Golar LNG
Nigeria's state firm NNPC has signed an agreement with Golar LNG to deploy a floating LNG vessel off the coast of its oil-rich Niger Delta, NNPC said on Tuesday.
U.S. Orders Venture Global LNG to Provide Customers with Documents on Plant Issues
A U.S. regulator on Monday ordered liquefied natural gas developer Venture Global LNG to provide customers with documents about the mechanical problems and startup of a Louisiana plant.
Peoples Natural Gas, H Quest, and University of Pittsburgh Collaborate on Hydrogen Energy Project
Learn how Peoples Natural Gas, H Quest, and the University of Pittsburgh are collaborating on a pioneering project to produce zero-emission hydrogen energy at scale in Western Pennsylvania.
Kinder Morgan Launches Open Season for Texas-to-Arizona Pipeline Expansion
SFPP, a subsidiary of Kinder Morgan Inc., has announced the launch of a binding open season to solicit commitments to support a proposed expansion of the East Line portion of its pipeline system from El Paso, Texas to Tucson, Arizona.
Mountain Valley Pipeline Nears Completion, Seeks FERC Approval for June 11 Start
The company reported in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were undergoing final preparations, including purging and packing with natural gas.
Noble Corp. to Acquire Diamond Offshore for $1.6 Billion to Bolster Fleet
Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.
Glencore Wins Tender to Supply Crude to UK's Lindsey Oil Refinery
Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-barrel per day Lindsey oil refinery in Britain, replacing rival trader Trafigura, sources told Reuters.
Wood Completes FEED for Aramco's Carbon Capture Hub in Saudi Arabia
Wood has finalized the front-end engineering and design (FEED) for Aramco's Accelerated Carbon Capture and Sequestration project in Saudi Arabia.
Oil Prices Slip as U.S. Dollar Strengthens on Jobs Data
Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday.
Enbridge Gas to Cut Emergency Response Shifts in Toronto, Labor Union Says
Canadian labor union Unifor said on Friday that Enbridge's gas unit wants to cut its emergency response shifts in Toronto, amid an emphasis on curtailing costs.
Rosneft's Sechin Criticizes Increase in Spare Oil Output Capacity in Middle East, West
He said that combined spare oil production capacity of Saudi Arabia, United Arab Emirates, Kuwait and Iraq stood at 5.6 million barrels per day, or 13% of OPEC+ current output.
Berkshire Buys Additional 2.57 Million Shares in Occidental Petroleum, Filing Shows
Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.
- 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
