Business & Markets

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.

API Releases New Standard for Public Engagement in Pipeline Operations

The standard, titled API Recommended Practice (RP) 1185, Pipeline Public Engagement, aims to foster proactive, inclusive, and collaborative communication throughout the lifecycle of pipeline construction and operation.

EnCap Investments Plans Sale of Utah Oil Producer XCL Resources, Sources Say

EnCap Investments is looking to sell XCL Resources, two years after the private equity firm's plan to combine the oil and gas producer with a local rival was thwarted by U.S. antitrust regulators.

Biden Administration Buys Oil for Emergency Reserve Above Target Price

The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price.

Hydrogen Industry Urges Streamlined Process for U.S. Tax Credits

Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff.

New U.S. Rules Aim to Curb Leaks from Oil and Gas Drilling on Public Lands

The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines.

Colonial Pipeline Freezes Nominations on Baltimore Section Amid Port Shutdown

The Colonial Pipeline Company on Tuesday paused nominations to ship fuel on cycles 15 and 16 on Line 32, which delivers products to its Curtis Bay facility in the port of Baltimore, according to a notice seen by Reuters.

Exxon Sells Majority Stake in Italy's Largest LNG Terminal to IKAV and VTTI

Under the deal, Exxon Mobil will sell its 70.7% stake in the Adriatic LNG terminal, the U.S. oil and gas group said, as part of a broader strategy to divest non-strategic assets and focus efforts on doubling its LNG production by 2030 globally.

EACOP Reaches Milestone with Commissioning of Coating Plant in Tanzania

In a significant step forward for the Uganda and Tanzania crude oil pipeline project, the East African Crude Oil Pipeline (EACOP) marked a notable achievement as it officially inaugurated its coating plant at Sojo, Nzega – Tabora Region in Tanzania.

Takeaway on Upswing in Permian, Haynesville

According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.

Why Morocco Remains Keen on Pipeline Project with Nigeria

Morocco has re-affirmed its commitment to the construction of a new gas pipeline network along the West Africa coastline to promote intra-Africa natural gas trade, as well as to guarantee energy supplies to Europe.