Business & Markets
LNG Buyers Push for Flexible Supply Contracts to Adapt to Fluctuating Power Demand
Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility in order to adapt to variable power demand, industry executives said on Tuesday.
SEFE Secures Long-Term Gas Supply Deal with ConocoPhillips for Up to 9 Bcm
German nationalized energy firm SEFE on Wednesday said it signed a long-term agreement with ConocoPhillips to purchase up to 9 billion cubic meters (Bcm) of natural gas over the next decade.
India's GAIL Seeks Long-Term LNG Deals to Boost Capacity to 21 Million Tons by 2030
GAIL (India) is seeking long-term import deals for LNG amounting to 5.5 million tons per year, raising its capacity to 21 million tons per year by 2030, finance chief Rakesh Kumar Jain said on Wednesday.
Singapore LNG Inks Deal with Japan's Mitsui OSK for Second LNG Terminal, Set for 2027
Singapore LNG Corp. has agreed to charter from a unit of Japan's Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation's second import terminal for LNG.
U.S. Allocates $196 Million for Natural Gas Pipeline Modernization
The funding, part of President Biden's Bipartisan Infrastructure Law, will support 60 projects aimed at enhancing safety, reducing environmental harm, and lowering energy costs by replacing leak-prone pipelines.
Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
As Permian Basin crude becomes lighter, refiners face challenges in processing super-light oil, potentially leading to lower demand for WTI Midland and affecting Brent prices. Refiners may need to blend with heavier crude, raising concerns about future refinery configurations.
Elliott Defends Citgo Offer in the Face of Creditors' Objections
Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "are deteriorating in value" and creditors will not get a better offer from others.
Canadian Natural Boosts Trans Mountain Pipeline Capacity After PetroChina Exit: Report
Canadian Natural Resources is taking over more space on the expanded Trans Mountain pipeline from a unit of PetroChina, boosting its ability to ship crude to markets after buying assets from Chevron.
Qatar Faces U.S. and UAE Rivalry in LNG Sales to Japan, South Korea
Qatar is finding it hard to agree new deals to supply LNG to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.
Evergy to Build Two Natural Gas Power Plants in Kansas Amid Rising Demand
Evergy plans to build two 705 MW natural gas power plants in Kansas, investing over $1 billion each, to meet rising electricity demand. The plants, expected to be operational by 2029 and 2030, will serve over 1.1 million customers.
Heavily Corroded Half-Mile Oil Pipeline Restored with Composite Wrap
An underground oil pipeline at a Refinery in Spain was suffering from severe corrosion. If left unchecked, the pipeline, 2,860.8 feet (872 meters) in length, would have incurred severe metal loss.
Woodside Open to Supplying Japan with U.S. LNG
Australia's top energy firm Woodside Energy sees an opportunity to beef up LNG sales to Japan, including supply from the United States, where the company just bought Tellurian and its LNG export project, CEO Meg O'Neill said on Monday.
Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
Four new petroleum liquids pipelines, including three crude oil projects and one hydrocarbon gas liquids (HGL) pipeline, have been completed in the U.S. since 2023, according to data from the U.S. Energy Information Administration’s (EIA) updated Liquids Pipeline Projects Database.
Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
Customs data showed that Malaysia, a key supplier of transshipped oil from sanctioned countries like Iran and Venezuela, shipped 1.49 million barrels per day to China in September, up from 1.77 million bbl/d in August.
Jacobs to Lead Pre-FEED for 56-Mile East London Hydrogen Pipeline
Spanning 56 miles (90 kilometers) through East London, the pipeline will run north of the River Thames, linking key industrial areas to a reliable hydrogen supply.
Energy Transfer Taps KBR, Technip to Build Louisiana LNG Plant
Energy Transfer has signed a preliminary agreement with KBR and Technip Energies to construct the Lake Charles LNG plant, pending a final investment decision. The project, in development since 2015, requires additional permits and customer agreements to move forward.
New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output
The Matterhorn Express pipeline, the first new natural gas pipeline in the Permian Basin in three years, is alleviating gas bottlenecks and boosting oil production by freeing up gas flow to Gulf Coast export hubs. This new capacity is expected to significantly increase shale output in west Texas.
Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation
Cheniere Energy moves closer to starting production at its Corpus Christi Stage 3 LNG export facility in Texas, receiving federal approval for key operations. The expansion will add around 10 million metric tons per year to U.S. LNG export capacity.
Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
Phillips 66 will shut down its Los Angeles oil refinery next year, ceasing gasoline and diesel production. The move raises concerns over California’s fuel supply, which already struggles with high prices and limited refinery capacity.
Colonial Pipeline Allocates Cycle 61 Shipments on Distillate Line 2
Colonial Pipeline Co. is allocating space for Cycle 61 shipments on Line 2, which carries distillates from Houston, Texas to Greensboro, North Carolina, the company said in a notice sent to shippers on Thursday.
Snam to Invest $16 Billion to Ready Gas Grid for Green Fuels, Hydrogen, Biomethane
Italian gas operator Snam plans to invest $15.8 billion to prepare its infrastructure for green fuels like hydrogen and biomethane, as part of its energy transition strategy. The company aims to repurpose much of its network to support decarbonization efforts across Europe.
Kinder Morgan Misses Quarterly Profit Estimates on Weak Prices, Crude Volumes
U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes.
At Least 21 Injured in Fire at Venezuela's La Salina Oil Terminal, Sources Say
At least 21 people, including workers and firefighters, were injured in a fire at Venezuela's La Salina oil terminal. The fire, which broke out during a storm, affected a crude storage tank operated by state oil company PDVSA. Efforts to control the blaze continue as local firefighters face resource shortages.
Iran Works to Contain Oil Spill Near Kharg Island, Says IRNA
Iranian authorities are working to control an oil spill four miles (6.4 kilometers) off Iran's Kharg Island, the country's IRNA news agency reported on Wednesday.
Canada Halts Imperial’s Norman Wells Oil Permit Extension Over Pipeline, Environmental Concerns
The SSI outlined concerns about the impact of climate change on the Norman Wells operations and the Enbridge pipeline that transports the oil to Alberta in a September letter to the CER.
U.S. Energy Deals Plunge to $12 Billion in Q3 After Year-Long M&A Surge
U.S. energy mergers dropped to $12 billion in Q3, marking the lowest total in six quarters, following a year-long wave of major deals in shale fields, according to Enverus. The decline comes as companies reassess portfolios after record acquisitions.
Workers Sue Pemex Over Injuries from Texas Refinery Gas Leak
Three workers have filed a lawsuit against Mexico's national oil company Pemex for injuries allegedly caused by a hydrogen sulfide gas release at a Deer Park, Texas refinery.
Tulsa-based ONEOK Finalizes $3.3 Billion Acquisition of EnLink Stake from GIP
Tulsa-based ONEOK has finalized its $3.3 billion acquisition of a controlling interest in EnLink Midstream from Global Infrastructure Partners. The deal expands ONEOK’s asset positions in the Permian Basin, North Texas, and Louisiana, further strengthening its integrated midstream infrastructure.
ExxonMobil Explores Sale of Bakken Shale Assets in North Dakota
ExxonMobil is exploring the sale of a portion of its assets in North Dakota's Bakken shale, which includes over 800 wells across 49,000 net acres. The sale, part of Exxon's strategy to focus on high-growth assets, could fetch upwards of $500 million.
ConocoPhillips Fights to Maintain Creditor Priority in Citgo Auction
ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company.
- 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
