Business & Markets
TC Energy to Appeal Delaware Court's $200 Million Liability Ruling in Columbia Pipeline Acquisition Lawsuit
TC Energy said it strongly disagrees with the final decision issued on May 15 by the Delaware Chancery Court, which allocated liability for previously determined damages in an ongoing class-action lawsuit related to its 2016 acquisition of Columbia Pipeline Group Inc.
FERC Seeks Emission Data Updates for Venture Global LNG's Calcasieu Pass 2 Project
U.S regulators asked LNG exporter Venture Global LNG to update its emissions analysis for its proposed Calcasieu Pass 2 LNG export project in Louisiana, according to a letter sent on Wednesday.
Waste Management Explores $3 Billion Sale of Renewable Natural Gas Unit, Sources Say
The Houston-based firm is exploring a sale of its renewable natural gas business that could be worth about $3 billion, according to people familiar with the matter.
Proxy Adviser Urges Hess Shareholders to Accept Chevron Offer
Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
WoodMac Analysis: Trump Presidency Could Halt $1 Trillion in Clean Energy Investment
A victory by Donald Trump in the Nov. 5 presidential election could jeopardize $1 trillion in low-carbon energy investments, with WoodMac's analysis predicting an additional 1 billion tonnes of carbon emissions by 2050 compared to current policies.
Putin Suggests Potential for Oil Pipeline Alongside Planned Gas Link to China
Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday. The project has taken on added urgency for Russia as it bids to ramp up gas shipments to China to make up for the collapse of its exports to Europe because of the war in Ukraine.
Saudi Aramco Signs MOUs with U.S. Firms for Lower-Carbon Energy Solutions
Saudi Aramco signed three memorandums of understanding (MOU) with U.S. companies Aeroseal, Spiritus and Rondo, the state-owned oil giant said on Friday.
Subsea Decommissioning Pays Off in North Sea
The ambitious project involved the removal of pipelines, control umbilicals and various other subsea structures from the seabed in water depths of up to 590 feet (180 meters), each requiring precise and efficient cutting.
Pembina Pipeline Expects Investment Decision on Cedar LNG Project in June
Pembina Pipeline Corp. said on Thursday progress on its proposed $4 billion Cedar project remains on track and a final investment decision is expected in June on what would be one of Canada's first liquefied natural gas export terminals.
Crescent Energy Acquires SilverBow for $2.1 Billion, Creating Second Largest Eagle Ford Operator
Oil and gas producer Crescent Energy will acquire rival SilverBow Resources in a $2.1 billion deal, creating the second-largest operator in the Eagle Ford basin in Texas.
Report Highlights Challenges in Attracting Talent to Oil and Gas Sector
The oil and gas sector is at risk of failing to deliver the 28,000 skilled engineering construction workers needed by 2030 — unless it better understands what motivates new entrants, according to a report out today.
Global News May 2024
Latest industry developments from around the world!
Editor’s Notebook: M&A Appears Here to Stay
It appears likely that the wave of midstream merger-and-acquisition activity of the past few years hasn’t reached its peak yet. In fact, to hear some insiders tell it, a full-on tsunami may not be far away.
CoolCo Secures Long-Term Charter Deal with GAIL for New LNG Carrier
Cool Company Ltd. has entered into a 14-year charter deal with India’s GAIL for one of the company’s two newbuild LNG carriers currently under construction.
IEA Faces Overhaul Under Second Trump Term, Aimed at Boosting Fossil Fuels
Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.
Japan's JERA Plans $32 Billion Investment in LNG, Renewables, and New Fuels Over Next Decade
Japan's top power utility JERA said on Thursday it plans to invest $32.4 billion over the coming decade into renewable energy and new fuels such as hydrogen and ammonia, as well as LNG.
Colombia's Trasandino Pipeline to Remain Offline Until December 2024, Ecopetrol CEO Says
Colombia's Trasandino pipeline is forecast to remain offline until December, the chief executive of Colombia's majority state-owned energy company Ecopetrol said on Wednesday.
Chevron Prepares for North Sea Exit After More Than 55 Years
Chevron said it is set to launch the sale of its remaining U.K. North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years.
PetroChina Official Forecasts Record China LNG Imports in 2024
China's liquefied natural gas imports could hit record levels in 2024, a PetroChina official forecast on Wednesday.
Exxon, Pertamina to Advance Carbon Capture Efforts with Appraisal Drilling in Indonesia
Pertamina and Exxon plan to conduct appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia, with the companies signing an initial storage deal with South Korea's KNOC on Wednesday.
Republican Lawmakers Press Regulators to Expedite LNG Project Approvals
Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.
Freeport LNG Plant in Texas Resumes Full Operations, Ships Queue for Loading
LNG tankers began loading at Freeport LNG in Texas this week as full operations resumed at the liquefied natural gas export plant after repairs and maintenance, data from financial firm LSEG showed on Wednesday.
QatarEnergy CEO: Qatar to Sign More Long-Term LNG Contracts This Year
Qatar has not had difficulty securing long-term liquefied natural gas contracts and will sign more this year, QatarEnergy CEO and State Minister for Energy Saad al-Kaabi said at an economic forum on Wednesday.
Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid
The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.
TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline
The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.
Eletrobras Partners with GEP for Green Hydrogen Production in Brazil
Brazil's Eletrobras, Latin America's largest utility, has signed a memorandum of understanding with Green Energy Park (GEP) to study opportunities for green hydrogen production, the companies said on Tuesday.
Federal Regulators Approve Venture Global's Repairs at Louisiana Plant
U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.
Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025
A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.
Energy Transfer Joins CapturePoint for Carbon Capture and Storage Initiative in Louisiana
CapturePoint LLC and Energy Transfer LP have formalized agreements for the joint development of a carbon capture and permanent underground storage project in Louisiana.
U.S. Offers $1.66 Billion Loan to Plug Power for Clean Hydrogen Plants
The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc. to help it build up to six plants to produce clean hydrogen.
- 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
