Business & Markets
Libya, U.S. to Collaborate on Gas Project to Boost Output
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on July 23.
Liberty Energy, Oklo Join to Advance Natural Gas Power Generation
Oklo Inc. and Liberty Energy Inc. have launched a strategic alliance to accelerate integrated power solutions and meet immediate power demand with natural gas generation and variable load management solutions.
Puerto Rico Ends $20 Billion LNG Contract Talks With New Fortress, Sources Say
Puerto Rico is ending talks to negotiate a $20 billion liquefied natural gas contract with New Fortress Energy, Bloomberg News reported on July 23, citing a negotiator.
Equinor Forecasts Tighter Gas Market Following Q2 Profit Drop
Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor said.
Hanwha to Deliver First U.S.-Flagged LNG Carrier in Korea-Philly Partnership
Hanwha Shipping has ordered the first US-flagged LNG carrier in nearly 50 years, combining Korean shipbuilding with final outfitting and compliance handled at Philly Shipyard. The vessel is set for delivery in 2028.
Halliburton Warns Mexico Oil Decline Requires Reactivation, But Pemex Still Owes Suppliers
Halliburton says declining oil output in Mexico is creating pressure to restart oilfield services work, but ongoing payment delays from Pemex continue to stall activity. Mexico’s crude production fell 8.4% in May.
U.S. Crude Flows to Nigeria Surpass Imports for First Time, EIA Reports
For the first time, the United States became a net exporter of crude oil to Nigeria in early 2024, driven by shifts in refinery operations and rising demand from Nigeria’s new Dangote refinery, according to the EIA.
CPS Energy, Modern Hydrogen to Pilot Gas-to-Hydrogen Power Project in Texas
Texas utility CPS Energy will pilot Modern Hydrogen’s technology to convert natural gas into clean hydrogen, aiming to reduce carbon emissions while improving grid resilience. The process produces hydrogen and captures solid carbon for reuse.
SLB Secures Carbon Storage Deal for North Sea CCS Project
SLB will develop six carbon storage wells for the Northern Endurance Partnership’s East Coast Cluster CCS project in the UK, supporting efforts to reduce industrial carbon emissions starting in 2028.
Natural Gas Utilities Innovate to Meet Growing Storage, Energy Demand, AGA Says
America’s natural gas utilities are expanding flexible storage options and urging policy reforms to meet surging energy demand, according to the American Gas Association. LNG storage and infrastructure upgrades are key to long-term reliability.
Turkey Seeks New Deal with Iraq to Revive Kirkuk-Ceyhan Oil Pipeline
Turkey plans to negotiate a new agreement with Iraq to restart the Kirkuk-Ceyhan oil pipeline, which has been shut down since 2023 due to arbitration disputes.
U.S. Natural Gas Prices Drop 6% on Record Output, Tepid LNG Demand
U.S. natural gas prices fell 6% to a one-week low as record production, sluggish LNG demand, and strong storage levels weighed on the market. Analysts say supply growth is outpacing demand despite summer heat.
BKV, Midstream Partner Advance East Texas CCS Project Without New Pipeline
BKV Corp. will develop a CCS project at an East Texas gas plant using an on-site injection well, expanding its partnership with a leading midstream operator and avoiding the need for a new CO₂ pipeline.
Producers Midstream to Convert Permian Pipeline for Interstate Gas Service
Producers Midstream II plans to convert its Palo Duro Pipeline into an interstate system to move Permian gas to Midcontinent markets, targeting demand from data centers, petrochemicals, and power generators.
Xcel Energy Plans 5 GW of New Power Projects to Meet Southwest Growth
Xcel Energy plans to add over 5 GW of new generation in Texas and New Mexico by 2030, with a mix of gas, renewables, and storage to meet rising power demand and grid reliability needs.
CF Industries Kicks Off Louisiana CCS Project with Exxon
CF Industries has started CO2 capture and storage at its Donaldsonville Complex in Louisiana, working with ExxonMobil to sequester up to 2 million metric tons of carbon dioxide annually.
Petronas, SMJ Energy Ink 25% Equity Deal for Sabah Floating LNG Project
Petronas and SMJ Energy signed an agreement for SMJ to acquire a 25% stake in the PFLNG 3 project, a floating LNG facility planned for Sabah’s Sipitang Oil & Gas Industrial Park.
Chevron Wins Hess Dispute After Exxon Challenge, But Pays High Price
Chevron has completed its $55 billion Hess acquisition after fending off ExxonMobil’s arbitration challenge over Guyana’s Stabroek stake. But the year-long delay cost Chevron billions in lost Guyana oil revenue and slowed its growth strategy.
Ukraine Boosts Gas Injections, But Storage Still at 12-Year Low
Ukraine has stored over 9 bcm of gas as of mid-July, according to ExPro, but reserves are nearly 14% lower than last year and at a 12-year low—raising concerns ahead of the 2025/26 heating season.
Indiana Emerges as Midwest Hub for Carbon Capture and Storage Development
With supportive regulations, favorable geology, and new pipeline rulemaking in progress, the state is attracting industrial CCS investment for both near-site sequestration and broader infrastructure development.
Greek Tankers to Keep Moving Russian Oil Despite New EU Sanctions
Greek shipping companies are expected to continue transporting Russian oil that falls under price cap exemptions, despite the European Union’s latest sanctions aimed at tightening energy trade restrictions.
Australia’s Orica Hydrogen Hub Secures $283 Million to Advance Green Hydrogen Exports
Australia’s government has pledged $283 million to Orica’s Hunter Valley Hydrogen Hub, aiming to decarbonize industrial operations and develop green hydrogen for domestic use and future export markets.
Dutch Gas Demand Hits Record Lows, Raising Alarm for Global LNG Markets
Gas use for power generation in the Netherlands, home to Europe’s main gas trading hub, has dropped to record lows in 2025 as the country accelerates its shift to renewables. The trend could spell trouble for global LNG exporters.
Freeport LNG Gets FERC Approval for Train 4 Extension Through 2031
Freeport LNG received FERC approval to extend construction of its Train 4 project in Texas through 2031, citing the need for additional time to secure commercial deals after the terminal’s 2022 outage.
Why Australia’s Hydrogen, CO2 Pipelines Can’t Be a Copy of Gas Networks
Worley’s Peter Cox says Australia must redesign its pipeline infrastructure to meet net-zero goals, warning that repurposing gas pipelines won’t be enough for hydrogen and CO2 transport.
Petrobras Strategy Targets Inspection Gaps in Piggable, Unpiggable Subsea Pipelines
Petrobras is expanding its subsea pipeline integrity program with new inspection tools and strategies for both piggable and unpiggable lines. The initiative focuses on advanced crack detection, hybrid PIGs, and external screening technologies to enhance safety and extend pipeline life.
$10 Billion Deal Set for Aramco’s Jafurah Gas Pipelines, Plant
A BlackRock-led group is close to finalizing a $10 billion deal to invest in Saudi Aramco’s Jafurah gas infrastructure, including pipelines and a processing plant. The transaction mirrors Aramco’s 2021 pipeline deals, allowing it to lease back the assets while raising funds.
Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Kinder Morgan’s natural gas transport volumes rose in the second quarter, driven by LNG exports and rising U.S. power generation demand. The company now moves 8 Bcf/d to LNG terminals and expects to grow that to 12 Bcf/d by 2028.
Sanctioned LNG Tankers Resume Stops at Russia’s Arctic LNG 2
The latest arrival was the Voskhod, raising questions about enforcement of trade restrictions tied to the conflict in Ukraine.
CPC Pipeline Plans Stable August Flows from Kazakhstan to Black Sea
The CPC pipeline transports most of Kazakhstan’s oil to export terminals on Russia’s Black Sea coast.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
