Business & Markets
First Tanker Arrives at Troubled Freeport LNG Export Plant After 11-Day Hiatus
The first liquefied natural gas tanker to dock at Freeport LNG's gas liquefaction plant in 11 days arrived on Saturday, vessel tracking data from financial firm LSEG showed.
SLB Profit Rises 14% on Strong International Drilling Demand Amid North American Weakness
Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts' estimates, as higher oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America.
FBI Warns of Chinese Hackers Targeting U.S. Infrastructure, Including 23 Pipeline Operators
Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI Director Christopher Wray said on Thursday.
South Africa’s Transnet Pipelines Lays Out Investment Plan
(P&GJ) – Southern Africa’s largest multi-product pipeline operator, Transnet Pipelines, plans to spend R891 million in 2024 in building its fuel handling capacity, including construction of a delayed import fuel terminal at the port of Durban and new line to supply the country’s biggest airport, OR Tambo.
U.S. to Introduce Carbon Offset Guidelines to Ensure Emissions Cuts Integrity
The United States will unveil in the coming days guidelines for the use of carbon offsets inside and outside of government to build confidence in the market and ensure credits reflect real emissions cuts, the top U.S. climate diplomat said on Friday.
Biden Restricts Drilling and Mining in Alaska Wilderness, Angering State Leaders
The U.S. took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources. However, the measures won't affect ConocoPhillips' $8 billion Willow project.
PetroChina Purchases First Spot LNG Cargo from Papua New Guinea National Oil Firm
PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company, the Chinese state oil and gas trader said on Friday.
Offshore Developments: Exxon's Guyana Gas Plans, LNG Capacity Boost, and More
(P&GJ) — Explore the latest offshore developments, including Exxon's considerations for Guyana gas production post-2029, increased LNG regasification capacity, Venezuela's licensing plans with Trinidad and Shell, New Fortress Energy's onshore complement to an offshore project, and Sulmara's refit for renewable energy contracts.
Black Bear Transmission's Ozark Supply Access Project Now In Service
The project includes two miles of natural gas loop pipeline, a new compressor station, and two new pipeline interconnects. These additional facilities will create access to new supply interconnections with major interstate pipelines from the east end of the Ozark Transmission system.
Colombian President Proposes Ecopetrol and Petrobras Collaboration on Green Hydrogen
Colombian state energy company Ecopetrol and its Brazilian counterpart Petrobras should work together on developing green hydrogen, Colombian President Gustavo Petro said on Wednesday.
TC Energy Expects No Service Disruptions After Alberta Pipeline Rupture
TC Energy said on Wednesday it does not anticipate any service interruptions from the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday.
U.S. LNG Export Plants See Rise in Natural Gas Flows, Freeport Among Key Facilities
The amount of natural gas flowing to the seven U.S. LNG export plants, including Freeport LNG, was on track to jump by around 17% on Thursday from a 15-month low on Tuesday, data from financial firm LSEG showed.
Mexico's Pemex to Hand Over Natural Gas Project to Business Magnate, Report Says
Mexican state oil firm Pemex has agreed to hand over control of its Lakach natural gas project in the Gulf of Mexico to Grupo Carso, a company belonging to Mexican billionaire Carlos Slim, El Heraldo columnist Dario Celis reported on Thursday.
Iraq Plans Oil, Gas Contract Bids on April 27
Iraq will hold a bidding round for oil and gas exploration contracts on April 27, the oil ministry said on Thursday.
Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
Mexico expropriated a hydrogen plant at a Pemex state oil refinery that a previous administration sold to French firm Air Liquide, the government announced in an official gazette on Thursday.
BP's Gas and Renewables Boss Steps Down, as CEO Shrinks Leadership
BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.
Ceiling on Venezuela's Oil Output Growth Expected as U.S. Oil License Expires
The expiration of the widest U.S. license so far granted to Venezuela's oil and gas industry will put a ceiling on the South American country's slow crude production growth unless Washington grants enough individual authorizations to compensate, according to analysts and experts.
Kinder Morgan Meets Profit Estimates on Strength in Natural Gas Pipeline Segment
Kinder Morgan attributed the growth in its natural gas pipeline segment to increased margins on storage assets and higher volumes on gathering systems, further boosted by the recent STX Midstream acquisition.
Shell Urges Investors to Reject Climate Demands by Shareholder Group
Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.
Balticconnector Gas Pipeline Set to Resume Commercial Operations on April 22
The Balticconnector subsea gas pipeline between Finland and Estonia, which was damaged in Oct. 2023, will resume commercial operations on April 22. The damage had previously affected energy security and raised concerns in the wider region.
U.S. Considers Releasing More SPR Oil to Keep Gas Prices Low, White House Adviser Says
U.S. President Joe Biden will do what he can to ensure affordable gasoline prices, White House senior adviser John Podesta said at an industry conference on Tuesday, when asked about future releases of crude oil from the Strategic Petroleum Reserve (SPR).
South Africa's PetroSA Targets Mozambique Gas in New Sales Deal, Plans Imports via 540-Mile ROMPCO Pipeline
South Africa's PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage.
Dutch Senate Approves Law to Permanently Close Shell, Exxon-Operated Groningen Gas Field
The Dutch Senate on Tuesday approved a law to permanently close the Groningen gas field, following the government's promise that production will never be resumed to limit seismic risks in the region.
Texas Regulators Fine Freeport LNG for Environmental Breaches
Texas' environmental regulator has fined LNG exporter Freeport LNG $152,173 for violating state air pollution emissions rules for periods between 2019 and 2021, the company reported on Tuesday.
TC Energy's NGTL Gas Pipeline Rupture Sparks Wildfire in Alberta
A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire about 25 miles northwest of Edson, Alberta, in Yellowhead County, the company said.
Chart Industries to Supply Liquefaction Equipment for Cedar LNG Project
Chart Industries Inc. has been chosen to supply critical liquefaction equipment, including the natural gas liquefaction cold boxes and brazed aluminum heat exchangers, to the Cedar LNG project.
Angel CCS JV and Yara Partner for Carbon Capture and Storage Study
The Woodside Energy-operated Angel CCS Joint Venture is proposing to develop a large-scale, multi-user CCS hub with the potential to help Australian and international industry decarbonize.
Biden Unlikely to Tighten Iran Oil Sanctions Following Israel Attack, Analysts Say
Iran's unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran's oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, said analysts.
Permian Natural Gas Prices Plummet to 15-Month Low Amid Lingering Negative Territory
Natural gas in the Permian and across the U.S. has been oversupplied following a warmer-than-expected winter, offtake constraints, and operational issues at a major LNG plant in Texas.
Tamarack Valley Halts Alberta Output After Fire at Canadian Natural Resources' Gas Plant
Canadian Natural Resources, the country's biggest oil and gas producer, said it was alerted to the fire that had started inside its Mitsue Gas Plant at about 4.00 a.m. local time.
- 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
