Business & Markets
White House Considers Ending LNG Export Pause for Ukraine Aid, Sources Say
U.S. officials are open to ending President Joe Biden's pause on approvals of LNG exports to get a Ukraine aid package passed in Congress, but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday.
Cheniere's Reduced Output Leads to Decline in U.S. LNG Demand
There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG.
Petronas Partners with JERA to Explore Carbon Capture and Storage Solutions
Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.
Canada's Indigenous Community Eye Big Energy Deals, Await Trudeau Loan Promise
Canada's First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects such as pipelines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance.
Nopetro Renews Florida's Energy Landscape with Landfill Gas-to-RNG Facility
Nopetro Renewables has announced that it broke ground on Southern Florida's first landfill gas to renewable natural gas (RNG) facility in Indian River County.
Russia's Arctic LNG 2 Suspends Gas Liquefaction Amid Sanctions, Tanker Shortage
Novatek, Russia's largest producer of LNG, has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers, two sources familiar with the matter told Reuters on Tuesday.
Trans Mountain to Finish Final Segment of Oil Pipeline Expansion in April
Trans Mountain will finish building the final segment of its Canadian oil pipeline expansion in April, according to a construction schedule the corporation filed on Monday with a regulator.
SLB to Buy ChampionX for $8 Billion in Growing Deal-Making in U.S. Energy Sector
Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.
Mitsubishi Invests in EIG's LNG Company MidOcean Energy
Japanese trading house Mitsubishi has agreed to invest in MidOcean Energy, an LNG company owned by U.S. investment firm EIG, MidOcean said on Tuesday without giving details of the deal.
U.S. March LNG Exports Flat as Freeport Plant Woes Continue
U.S. exports of LNG fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country's second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday.
Summit Midstream Launches Open Season on Natural Gas Pipeline
Pipeline operator Summit Midstream Partners on Monday launched a non-binding open season to gauge interest for services of a natural gas pipeline running from the Delaware Basin in New Mexico and Texas to the Waha hub in West Texas.
ADNOC Cuts Upper Zakum Oil Exports Sharply After Diverting Supply to Refinery
Exports of Upper Zakum crude from the United Arab Emirates fell sharply in March after ADNOC diverted more supply to its own refinery and boosted shipments of its lighter Murban oil, according to traders, analysts and shipping data.
GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions
Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.
Pembina Pipeline Completes Enbridge Interest Acquisition, Boosts 2024 Guidance
Pembina Pipeline Corp. has finalized its acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures.
Canada Rejects Investment in LNG Facilities, Emphasizes Private Sector Role
Canada is not interested in subsidizing future LNG projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday.
Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Rebuff
Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt.
Moldova Diversifies Gas Supply, Purchases U.S.-Origin LNG from Greece for Consumers
Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of U.S.-origin LNG for the first time on Monday and Tuesday.
Argentina Pursues Gas Export Route to Brazil via Bolivia Amid Regional Supply Concerns
Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.
Gazprom Utilizes Replacement Vessel for Gas Loadings Amid Ship Repair
Russia's Gazprom is using a replacement vessel for ship-to-ship loadings of LNG from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.
SLB to Acquire Majority Stake in Aker Carbon Capture for $380 Million
SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically.
Eni Receives UK Government Approval for CO2 Pipeline Crossing England-Wales Border
The pipeline will facilitate the transportation of carbon dioxide from capture plants across the North West of England and North Wales to Eni's depleted natural gas reservoirs beneath the seabed in Liverpool Bay.
Chevron Begins Pipeline Transport of Leviathan Natural Gas to Ashdod Refinery
NewMed Energy LP, a partner in the Leviathan natural gas field offshore Israel alongside Chevron Mediterranean and other stakeholders, announced the commencement of condensate transportation from the field to the Ashdod oil refinery located in western Israel.
QatarEnergy Signs Charter Deals for 25 LNG Vessels with Nakilat
QatarEnergy has entered time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels.
XCL Resources Seeks FTC Approval for Altamont Energy Acquisition
The application seeks approval from the agency for its proposed acquisition of Altamont Energy, LLC, an oil and gas operator in Utah's Uinta Basin region.
Mitsui Invests $740 Million in Developing Vietnam Gas Field
Japanese trading house Mitsui & Co. said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.
Colonial Pipeline Delays Shutdown of Baltimore Segment After Bridge Collapse
Colonial Pipeline will delay the shutdown of a small, underutilized section of its pipeline system that delivers fuel to North Baltimore from April 1 to May 1, according to a notice to shippers seen by Reuters.
New Jersey Residents 'Overwhelmingly' Prefer Natural Gas to Heat Homes, Survey Finds
A recent public opinion survey conducted by Affordable Energy for New Jersey indicates that the majority of New Jersey residents strongly favor natural gas as their preferred energy source for heating homes and powering appliances.
TotalEnergies Restarts Gas Production at Tyra Offshore Hub
The revamped hub is expected to produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day, reaffirming Denmark's self-sufficiency and status as a net exporter of natural gas.
MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests
MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.
SEFE Acquires Full Stake in WIGA from Wintershall Dea
WIGA holds sole ownership of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH.
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