Business & Markets
SGA Chair ‘Incredibly Bullish’ on Future of Natural Gas
Scott Hallam, who currently serves as Boardwalk’s president and chief executive officer, joined the organization in September 2023. He brings with him over two decades of upstream, midstream and downstream knowledge of the natural gas industry.
U.S. Natural Gas Prices Surge 5% on Surprise Storage Draw, Colder Forecasts
U.S. natural gas prices surged 5% due to an unexpected storage draw and colder weather forecasts, marking their highest point in a year. Rising LNG export demand also contributed to the price increase.
ADNOC Weighs Stake Sale in Gas Unit, Potential Multi-Billion Dollar Deal: Report
ADNOC is reportedly considering selling a 3-5% stake in its gas unit, potentially worth billions, amid strategic reviews. The deal could be announced soon, pending market conditions.
BP, Partners to Invest $7 Billion in Indonesia's Papua Carbon Capture Project
BP and partners will invest $7 billion in a carbon capture and gas project in Indonesia’s Papua region, potentially unlocking 3 trillion cubic feet of gas. The CO2 sequestration initiative aims to reduce emissions at BP’s Tangguh LNG facility.
Osaka Gas Says U.S. Sanctions on Gazprombank Won't Affect Russian LNG Purchases
Osaka Gas announced that U.S. sanctions on Russia's Gazprombank will not impact its LNG purchases from the Sakhalin 2 project. The Japanese utility clarified it doesn't use Gazprombank for transaction settlements.
Brunei LNG Begins Restart After Operational Disruption
Brunei LNG is safely restarting its facility after an "operational upset" caused a shutdown. The process may involve visible flaring and noise, which the company assures are controlled. The plant, partly owned by Mitsubishi and Shell, has a 7.2 million metric ton annual capacity.
Freeport LNG Liquefaction Train Shuts Down at Texas Export Plant After Malfunction
One of three liquefaction trains at Freeport LNG's export plant in Texas tripped offline on Wednesday, the company told state environmental regulators in a report on Thursday.
Progressive Pipeline Management Acquired by Platform Partners
PPM, known for its trenchless pipeline rehabilitation services, specializes in restoring aging natural gas distribution pipelines using cured-in-place-lining (CIPL) technology, which minimizes surface disruption.
Pennybacker Acquires Miami LNG, Appoints New Leader for Growth Push
Pennybacker Capital Management has completed its acquisition of a small-scale liquefied natural gas (LNG) business in Miami from New Fortress Energy.
Key Leadership Lessons from WGLC 2024: Chevron’s Kelley Henderson Highlights Mentorship
Reflecting on her career journey, Chevron's Kelley Henderson discussed five key leadership behaviors that she has found crucial for anyone’s path to becoming not only a leader, but a mentor.
Argentina's Vaca Muerta Gas Export Plans Face Major Hurdles
Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government's free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade.
Japan's MOL, KEPCO Sign First-Ever Agreement for Liquefied Hydrogen Carrier Study
Japan's Mitsui O.S.K. Lines and Kansai Electric Power Company have signed a memorandum of understanding for the joint study of a liquefied hydrogen carrier, the companies said in a joint statement on Tuesday.
WGLC 2024 Highlights Leadership Strategies for Women in Energy
The Women’s Global Leadership Conference celebrated its 20th year running as it kicked off on Nov. 19-20, once again bringing female leaders and industry experts from around the globe to discuss pressing concerns and shifts in the industry that are unique to the female experience.
Malaysia Regains Position as China's Second-Largest Crude Oil Supplier
Malaysia regained its position as the second-largest supplier of crude oil to China last month, data showed on Wednesday, with supplies rising 28% on year as independent refiners sought cheaper sanctioned oil amid Middle East supply concerns.
Nigeria Launches New Utapate Crude, Targets Doubling Output by 2025
Nigeria is seeking term customers for its new crude oil grade Utapate and is aiming to double output by the end of 2025 from 40,000 barrels per day, state-owned NNPC and venture partner Natural Oilfield Services said at the grade's official launch.
U.S. Awards $2.2 Billion for Gulf Coast, Midwest Hydrogen Hubs to Advance Clean Energy
The U.S. Department of Energy is awarding up to $2.2 billion to hydrogen hubs on the Gulf Coast and in the Midwest to accelerate clean-energy development, aiming to boost industrial applications and address climate goals.
LNG Feedgas to Louisiana’s Plaquemines Plant Drives U.S. Total to 10-Month High
Feedgas to U.S. LNG export plants is poised to hit a 10-month high, driven by record flows to Louisiana's Plaquemines LNG plant as testing continues ahead of its anticipated launch. The U.S. remains the world’s leading LNG supplier, with exports fueling demand growth globally.
Kazakhstan’s 188-Mile Gas Pipeline to Expand Regional Gasification to 90% Once Completed
(P&GJ) — Kazakhstan’s Taldykorgan-Usharal gas pipeline, launched under the directive of the Head of State, aims to secure a consistent gas supply in a region where gasification currently stands below 50%.
ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
(P&GJ) — ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash.
BP Delays Whiting Refinery Restart, Fuel Prices Rise in Chicago Market
BP has delayed the restart of a crude distillation unit and a coker at its 435,000 barrel-per-day Whiting, Indiana, refinery from maintenance, boosting fuel prices in the Chicago market, industry sources said on Tuesday.
CPC Blend Oil Exports via Black Sea Set for Slight Increase in December
Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to inch up to 1.43 million bbl/d in December from 1.42 million bbl/d in a November plan, two sources familiar with the matter told Reuters.
U.S. Natural Gas Prices Hit 5-Month High on Late-November Cold Snap Forecast
U.S. natural gas futures edged up about 1% on Tuesday to a five-month high, on forecasts for colder weather in late November that should boost heating demand and force utilities to start pulling gas from storage by the U.S. Thanksgiving Day holiday.
TC Energy Raises 2025 Profit Outlook Amid Natural Gas Demand, Updates on Mexican Operations
TC Energy forecasts a higher 2025 profit, driven by natural gas demand and growth projects, while providing updates on its Southeast Gateway pipeline and Mexican operations.
WGLC 2024 Opens with Strong Call for Women’s Leadership in Energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
INGAA Members Highlight Methane Emissions Progress in 2024 Climate Report
The Interstate Natural Gas Association of America (INGAA) highlights progress in reducing methane emissions in its 2024 Climate Report. Members achieved a methane intensity of 0.075% in 2022 and exceeded key GHG commitments while maintaining safe and reliable natural gas delivery.
Anaergia Secures 10-Year Contract to Operate California’s Largest Organic Waste-to-RNG Facility
The Rialto facility, located in Southern California, is the largest organic waste-to-renewable natural gas (RNG) plant in North America.
Carbon Mapper's Tanager-1 Flags, Mitigates Methane Leak in Permian Gathering Pipeline
A methane leak from a gathering pipeline in the Texas Permian Basin was swiftly mitigated after detection by the Tanager-1 satellite. Carbon Mapper's data, shared with agencies and operators, led to voluntary repairs, showcasing the critical role of remote sensing in midstream emissions management.
SoCalGas, NREL, and GKN Hydrogen Launch Hydrogen Storage Pilot Project
SoCalGas, GKN Hydrogen, and the U.S. Department of Energy's National Renewable Energy Laboratory have kicked off a pilot project to test an innovative hydrogen storage system at NREL's Flatirons Campus in Arvada, Colorado.
Brazil, Argentina to Study Gas Exports from Vaca Muerta
Brazil and Argentina signed an agreement on Monday to study the development of infrastructure for natural gas exports to Brazil, with Brazilian authorities saying the deal could lead to imports of as much as 30 million cubic meters of gas per day by 2030.
Enbridge Line 5 Project Advances with DNR Permits in Wisconsin
Enbridge's Line 5 relocation project in Wisconsin moves forward with key permits from the DNR, including approvals for wetland and waterway impacts. The 41-mile pipeline reroute aims to address environmental concerns while meeting state and federal standards.
- 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
