Business & Markets
Editor’s Notebook: Nord Stream’s $20 Billion Question
It has been more than two years since the attack on the Nord Stream pipelines and still nobody knows for sure who were the perpetrators – or if they do, they are not saying so publicly.
Coating Versatility Can Assist with Better Flow Efficiency
Corrosion control is an important factor when it comes to maintaining the integrity and safety of pipelines. Given the growing need for energy transportation it's crucial to shield pipelines from corrosion in order to ensure their longevity and prevent any leaks or failures.
Exxon Mobil Ahead of Schedule in Doubling LNG Portfolio, Executive Says
Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum by 2030 and will focus on selling its own gas rather than trading that of third parties, the company's LNG chief said.
Sixteen Republican-Led States Sue Federal Government Over LNG Export Permit Ban
Sixteen Republican-led states on Thursday filed a lawsuit to challenge the federal government's ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.
U.S. Pipeline Firms Looking to Follow Biggest Customers into M&A Wave
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said.
Addressing Challenges in Carbon Capture, Storage Deployment
While the use of renewables, improved energy efficiency and electric vehicles are areas of focus, oil and natural gas will continue to be in demand for petrochemicals and fueling transportation by land, sea and air.
Protection in Renewal Biogas Systems for Increased Pipeline Reliability
Biogas is a renewable fuel generated through the anaerobic fermentation of organic matter. Biogas is a mixture of gases, mainly methane and carbon dioxide, accompanied by trace elements dependent on the feedstock and production method.
Summit Midstream Exits Utica Shale in $625 Million Deal with MPLX
Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream company MPLX LP for about $625 million in cash.
Argentina's Vaca Muerta Shale Formation Drives Record Oil Production in February
Argentina's Neuquen province hit a record for daily oil production in February, aided by increased activity in the Vaca Muerta shale formation, the local government said on Friday.
INEOS Polymer Used to Create First Sustainable Gas Pipeline
INEOS said its bio-based high-density polyethylene (HDPE) has been used to create a fully sustainable gas pipeline. Installed by French gas utility operator GRDF, the pipeline only uses the low-carbon footprint polymer.
SilverBow Resources Shareholder Endorses Kimmeridge's $2.1 Billion Offer
SilverBow Resources shareholder Riposte Capital on Thursday backed Kimmeridge Energy Management's latest buyout offer that valued the U.S. oil and gas producer at close to $2.1 billion, including debt.
Suriname Urges Exxon and TotalEnergies to Unify Gas Projects
Suriname's state-owned oil company Staatsolie has begun talks with oil majors Exxon Mobil and TotalEnergies to encourage joint development of natural gas fields that straddle its and Guyana's maritime borders, the head of its state oil firm told Reuters late Tuesday.
Enagas Raises Stake in Hanseatic Energy Hub to 15% for Germany's LNG Security
Spanish gas grid operator Enagas said on Thursday it had raised to 15% from 10% its stake in the Hanseatic Energy Hub consortium, which is developing a land-based terminal to secure Germany's supply of LNG.
Trinidad Pursues U.S. License for BP-Venezuela Gas Project Amid Sanctions
The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves BP, Energy Minister Stuart Young said on Thursday.
CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.
U.S. Senators Move to Harden Ban on Selling Reserve Oil to China
Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.
Gas Pipeline Expansion Trends Shift: Intrastate Capacity Surpasses Interstate in 2023
In a significant shift, natural gas intrastate pipeline capacity outpaced interstate additions in the United States in 2023, according to data from the U.S. Energy Information Administration (EIA).
Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
U.S. energy firm Williams Companies has delayed the completion of its Louisiana Energy Gateway natural gas pipeline project following a dispute with a rival, Williams CEO Alan Armstrong said on Wednesday at a conference.
Trans Mountain Pipeline Initiates Oil Filling Amid Final Construction Challenges
Canada's Trans Mountain Corp. has begun filling its pipeline expansion with oil in a staged process, a senior executive said on Wednesday, as construction of the long-delayed project nears an end.
Williams Finds Tellurian Bid Unattractive, Cites Commercial Concerns, Executive Says
Pipeline operator Williams Companies looked at acquiring struggling LNG developer Tellurian, but considered its export project not that attractive, the company's strategy chief said on Tuesday.
Venture Global CEO: Shift Towards Internal Financing for LNG Projects Expected
More funding for future LNG plants will rely on internal financing instead of the project financing that has paid for most projects to date, Venture Global LNG 's CEO said on Tuesday.
Chevron CEO 'Surprised' by Exxon's Arbitration Filing Over Guyana Stake
Chevron was surprised when Exxon Mobil filed for arbitration over Chevron's plans to buy Hess's Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday.
Freeport LNG Expects Trains 1 and 2 at Texas Facility to Remain Offline Until May
Freeport LNG said on Wednesday that trains 1 and 2 at its LNG facility in Texas are anticipated to be down until May, while train 3 is now back online.
Petronas Begins Construction of Floating LNG Facility for Argentina's Gas Exports
Malaysia's state energy firm Petronas has begun the construction of a floating liquefied natural gas (FLNG) processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.
Williams Plans Expansion of Gas Pipeline Network in Virginia
Pipeline operator Williams Cos. is preparing for a major expansion of its pipeline network in the Southeastern United States. This expansion will increase the capacity of the Transcontinental pipeline network, which spans approximately 10,000 miles from Texas to New York.
Texas LNG Secures 20-Year LNG Sales Deal with Gunvor Group
Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition LLC, has finalized a 20-year LNG sale and purchase agreement with Gunvor Group.
Chevron, JX Ink Deal to Collaborate on Carbon Capture and Storage Development
The agreement outlines plans to explore the feasibility of exporting carbon dioxide (CO₂) from Japan to CCS projects in Australia and other Asia Pacific countries.
Enstor Seeks FERC Approval to Double Capacity of Mississippi Hub Natural Gas Storage Facility
Enstor Gas LLC has submitted an application to FERC through its affiliate, Mississippi Hub LLC, for an expansion of its natural gas storage facility located in Simpson County, Mississippi.
Enbridge Plans 120,000 bpd Expansion for Gray Oak Texas Oil Pipeline by 2025
Energy pipeline company Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year and could add another 40,000 bpd in 2025, an executive told Reuters on Tuesday.
Trans Mountain Pipeline Expansion to Start Oil Shipments in June, Says Alberta Premier
Line fill of Canada's Trans Mountain crude oil pipeline expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Alberta Premier Danielle Smith said on Tuesday in an interview.
- 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
