Business & Markets
U.S. Coast Guard Clears Louisiana Waters After Main Pass Oil Gathering Pipeline Integrity Test
The Unified Command completed a line integrity test on the Main Pass Oil Gathering (MPOG) company's pipeline system near Plaquemines Parish, southeast of New Orleans, the U.S. Coast Guard said on Monday.
Chevron Hands Over Stake in Myanmar Gas Field to Junta, PTTEP
U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar, a spokesperson said on Monday, more than two years after it condemned violence and human rights abuses there and announced it would leave.
BP Nears Deal to Sell Trinidad Upstream Gas Assets to Perenco
BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, sources said.
Chesapeake, Southwestern $7.4 Billion Merger Delayed by FTC's Request for More Information
Chesapeake Energy and Southwestern Energy said on Friday the closing date of their proposed $7.4 billion merger has been pushed back to the second half of the year after receiving a U.S. regulator's second request for information.
TotalEnergies Boosts U.S. Natural Gas Production with Texas Acquisition
TotalEnergies is expanding its natural gas production footprint in the United States through an agreement to acquire Lewis Energy Group's 20% interest in the Dorado leases operated by EOG Resources in the Eagle Ford shale gas play.
Iraq to Restart Kirkuk-Ceyhan Pipeline as Kurdish Talks Stall
The reopening of the Kirkuk-Ceyhan pipeline, which has been shut for a decade, would provide a rival route to a pipeline from the Kurdistan region that has been shut for a year as talks between Baghdad and the KRG on resuming exports have stalled.
PetroVietnam Power Secures $300 Million from Citibank, ING for LNG Plants Development
PetroVietnam Power said on Monday it has signed an agreement for a $300 million short-term loan from Citibank and ING to fund its projects to develop Vietnam's first two LNG power plants.
Delays in Guyana Gas-to-Power Project Threaten Oil Revenue, Energy Cost Reduction Goals
Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion.
Despite $90 Crude, U.S. Oil Output Capped by Weak Natural Gas Prices
U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from big output increases in the world's top oil and gas producer.
AMPP Unveils New Guide to Enhance Pipeline Safety Through Corrosion Control
AMPP unveils a comprehensive guide to enhance pipeline safety through corrosion control, aligning with the latest PHMSA regulations. Developed by industry experts, the guide offers practical strategies for U.S. gas transmission operators and valuable insights for international counterparts, all aimed at safeguarding pipeline integrity.
TotalEnergies Delays Final Investment Decision for Papua LNG Project to 2025
French oil and gas giant TotalEnergies on Monday said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.
Exxon Forecasts Decline in First-Quarter Profit Amid Weaker Oil, Gas Prices
Exxon Mobil on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivatives, a securities filing showed.
Mitsui OSK Starts FSRU Operations for Indonesia Gas-Fired Power Plant
Japan's Mitsui O.S.K. Lines Ltd. (MOL) has started commercial operations of its floating storage and regasification unit (FSRU) to supply LNG to a power plant in West Java, Indonesia, the company said on Friday.
Shell, Aramco in Final Price Negotiations for Pavilion Energy Acquisition, Sources Say
Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned LNG trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter said.
BASF Signs 15-Year Gas Supply Deal with China's ENN
German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract.
Enterprise Products Partner's Texas Gulf Coast Oil-Export Facility License Upheld by U.S. Court
A U.S. appeals court on Thursday upheld federal approval of a deepwater oil-export facility planned off the Texas Gulf Coast, saying the proposed Enterprise Products Partners facility had met environmental review criteria.
Coastal GasLink Route Fuels Pembina Pipeline's LNG Deal with ARC Resources for Cedar LNG
Under the agreement, ARC Resources will supply natural gas through the Coastal GasLink from its production base in Montney, British Columbia, for a term of 20 years commencing in 2028.
Phillips 66 Advances Renewable Diesel Production at Rodeo Facility
Phillips 66 has announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel.
VTTI to Control Italy's Largest LNG Terminal, Snam Acquires 30%
Energy storage group VTTI will get a 70% stake in Italy's biggest LNG terminal, with grid operator Snam owning the rest, the Milan-listed group said late on Wednesday, announcing a deal to be finalized by year-end.
Pemex's Tupilco Profundo Field to Boost Mexico's Output by 117 MMbbl Oil, 124 Bcf Gas
Mexican state energy company Pemex plans to produce 116.9 million barrels of oil and 124.4 billion cubic feet of natural gas from the Tupilco Profundo field during its lifespan, the oil regulator said on Thursday.
Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
Canadian pipeline operator Enbridge's Texas Eastern Transmission subsidiary received approval on Thursday from U.S. energy regulators to commence service of a natural gas pipeline associated with its Venice extension project in Louisiana.
Surprise May Start for Trans Mountain Pipeline Expansion Leaves Analysts Puzzled
Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian government-owned company said late on Wednesday, surprising analysts with an earlier than expected commencement on the long-delayed $25.2 billion project.
Baker Hughes, Snam Partner to Decarbonize Italian Gas Network with Hydrogen-Ready Technology
Baker Hughes has secured a contract with Snam, Europe’s primary operator in natural gas infrastructure, to provide advanced technology aimed at decarbonizing the Italian gas network.
U.S. Halts Louisiana SPR Contracts Due to High Oil Prices
The U.S. Department of Energy on Wednesday said it will not award oil supply contracts for Louisiana's Bayou Choctaw Strategic Petroleum Reserve (SPR) site in August and September due to high oil prices.
Trans Mountain's Expanded Pipeline System to Begin Operations on May 1
Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian company said on Wednesday.
Biden Administration Cancels Latest Oil Reserve Refill Plan Amid High Prices
The U.S. has canceled the purchase of about 3 million barrels of oil for the Strategic Petroleum Reserve due to rising prices, slowing down the pace of replenishment after a historic sale from the emergency stockpile in 2022.
Court Upholds FERC's Authority in Gas Pipeline, LNG Project Deadline Extensions
(P&GJ) — A recent court ruling upheld FERC's authority to extend deadlines for approved natural gas projects, despite opposition from environmental groups. The cases in question involved the Northern Access Pipeline in Pennsylvania and the expansion of Cheniere's Corpus Christi Liquefaction LNG facility in Texas.
Shell Seeks Longer U.S. License Before Committing to Venezuela Gas Project
Oil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.
Enterprise Expands Permian Operations with New 300 MMcf/d Gas Processing Plant
Enterprise Products Partners will build a natural gas processing plant in Texas to expand its operations in the Permian Basin, the U.S. energy firm said on Wednesday.
Lunate Acquires 40% Stake in ADNOC Pipeline Assets from BlackRock and KKR
Abu Dhabi investor Lunate said on Wednesday it had bought a 40% stake from private equity firms BlackRock and KKR in the entity that leases Abu Dhabi National Oil Company's (ADNOC) oil pipelines.
- 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
