Business & Markets
U.S. Shale Oil Sector Sees Revival Through Advanced Technology Adoption, Financial Obstacles Remain
Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so.
Russian LNG Exports Could Stall Over Next Four Years Amid Sanctions Pressure
Russia's LNG exports could stagnate in the next four years under the two less-rosy of three Economy Ministry scenarios - a sign that Western sanctions might be cramping Moscow's energy plans.
Halliburton Beats Profit Estimates, Expects International Strength to Continue
Oilfield services company Halliburton said on Tuesday it expects growth in its international business this year, but North American revenue will likely remain flat due to weak demand for drilling.
Tanker Departs Freeport LNG in Texas After 12-Day Hiatus
The first tanker in 12 days set sail from Freeport LNG's Texas export terminal on Tuesday, signaling the resumption of gas processing after an outage this month.
EQT Cuts Sales Volume Forecast, Extends Output Curbs as Natural Gas Prices Stay Low
EQT Corp. on Tuesday cut its forecast for full-year sales volume and extended production curtailments through May, as the largest U.S. natural gas producer looks to tackle persistently low prices for the commodity.
Iran-Pakistan Gas Pipeline Remains Stalled Under Cloud of Sanctions
Iranian President Ebrahim Raisi's visit to Pakistan this week put the spotlight on a major gas pipeline deal between the two neighbors which has faced delays due to geopolitical issues and international sanctions.
A Northern Light: Bullish Talk as Major Projects Now in Home Stretch
(P&GJ) – Kevin Neveu, a seasoned Canadian oil and natural gas senior executive, remains optimistic about the energy markets in the north despite global uncertainties in 2024. His positivity stems from the imminent completion of two major transmission pipeline projects in western Canada – Coastal GasLink gas pipeline and Trans Mountain oil pipeline – expected before year-end.
Texas LNG Expands Offtake Capacity with EQT, Nears Full Permitted Capacity
Texas LNG, a planned four MTPA LNG export terminal in the Port of Brownsville, Texas, has broadened its partnership with EQT by securing a second natural gas liquefaction services agreement for an additional 1.5 MTPA of LNG over 20 years.
Equinor's Hammerfest LNG Plant Shuts Until Friday After Gas Leak
Equinor's Hammerfest LNG plant in Arctic northern Norway was evacuated on Tuesday because of a gas leak during maintenance and will remain offline until Friday at least, the company said.
AI Boom to Fuel Natural Gas Demand in Coming Years, Report Says
A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co. said in a report on Tuesday.
Clean Energy's RNG Facility in South Dakota Now Supplying Pipeline-Quality Gas
Clean Energy Fuels Corp. announced its latest renewable natural gas (RNG) facility at Victory Farms Dairy in Revillo, South Dakota, has successfully completed construction and is injecting pipeline quality RNG into the interstate natural gas infrastructure.
Selection of Material for Hydrogen Services
(P&GJ) — The use of the existing natural gas transportation pipelines for hydrogen gas is an essential strategy to reduce the investment required for hydrogen distribution. However, the existing gas transmission pipelines are generally comprised of steels that are susceptible to hydrogen embrittlement.
Editor’s Notebook: Few Winners in Iraq-Turkey Pipeline Fallout
Increasingly frustrated by impasses regionally, the eight member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) have gone so far as requesting that two U.S. lawmakers exert pressure on Iraq to reopen the Iraqi-Türkiye pipeline.
MidOcean Energy Acquires 20% Stake in Peru's First LNG Export Facility
PLNG's assets encompass a natural gas liquefaction plant boasting a processing capacity of 4.45 MTPA, along with a fully-owned 254-mile (408 km) pipeline capable of handling 1,290 MMcf/d.
Kistos Completes Acquisition of UK Onshore Gas Storage Assets
The acquisition includes two onshore gas storage facilities in the UK, Hill Top Farm and Hole House Farm, at a total cost of $31 million funded from existing cash resources.
U.S. Oil and Gas M&A Hits Quarterly Record After Strong 2023
U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday.
Mitsui Yet to Decide on ADNOC LNG Project Partnership Despite Nikkei Report
Japan's Mitsui & Co. said on Tuesday nothing has been decided on an LNG project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it.
TC Energy's NGTL Pipeline Resumes Normal Operations After Fire in Alberta
TC Energy's NGTL gas pipeline system in the western Canadian province of Alberta has resumed normal operations after a rupture last week prompted the company to reduce pressure on a segment of the line, TC said in a statement on Monday.
U.S. Natural Gas Flows to Texas Freeport LNG Export Plant Rise on Monday
The amount of natural gas flowing to Freeport LNG's liquefied natural gas (LNG) export plant in Texas was on track to rise for a second day in a row on Monday, according to data from financial firm LSEG.
Portugal's Galp Estimates 10 Billion Barrels of Oil in Field Offshore Namibia
Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10 billion barrels of oil.
Saudi Aramco in Talks for 10% Stake in China's Hengli Petrochemical
The potential deal "aligns with Aramco's strategy to expand its downstream presence in key high-value markets, advance its liquids-to-chemicals program, and secure long-term crude oil supply agreements," the company said.
Centuri, Southwest Gas Unit, Surges in Market Debut Amid Strong Demand
Shares of Centuri Holdings, the freshly spun-off unit of Southwest Gas Holdings, jumped in their market debut on April 18, in another sign of a revival in demand for new stocks.
Japan Looks at Developing Domestic Pipelines Sector
(P&GJ) – The government of Japan will create conditions for the development of a domestic pipelines sector in years to come. It will take place through the stimulation of building new gas and other pipelines throughout the country.
Wah Kwong Expands LNG Carrier Fleet Amid Growing Trade Demand
Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of LNG carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.
Technip Energies Secures Contract for TotalEnergies and OQ's Marsa LNG Project in Oman
Technip Energies, has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman.
TotalEnergies to Acquire Full Ownership of SapuraOMV, Expanding Gas Operations in Malaysia
TotalEnergies has entered into an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn for $530 million.
Deepwater Port Struggles for Customers as Shale Oil Gains Slow
As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.
Balticconnector Gas Pipeline Resumes Operations Following Damage
A Baltic Sea gas pipeline that was torn apart last year in an incident still under police investigation has resumed commercial operation as planned after months of repair, operator Gasgrid Finland said on Monday.
Offshore Innovation Seen as Key to Overcoming Obstacles
(P&GJ) – As the offshore oil and gas sector enters the second quarter of the year, Europe will continue to be the biggest market for global offshore pipeline construction and related work.
TC Energy Receives FERC Approval for Northwest Xpress Gas Pipeline Expansion Despite Opposition
(P&GJ) — TC Energy's plan to expand the capacity of its Gas Transmission Northwest Express pipeline by 150 million cubic feet per day (MMcf/d) received the green light from the Federal Energy Regulatory Commission on April 16.
- 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
