Business & Markets

Canada Signs Hydrogen Deal with Germany to Counter Russian Energy Dependency

Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel.

Mitsubishi and Partners to Establish Coalition for Advancing Electric Natural Gas

Mitsubishi Corp. said on Tuesday it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).

Viridi Energy to Develop Renewable Natural Gas Facility in Maine

Viridi Energy said on Tuesday it has acquired a biosolids digester plant in Brunswick, Maine, as part of its plans to develop a facility to convert waste into renewable natural gas (RNG) in the state.

Pembina Receives Regulatory Approval to Acquire Enbridge's Interest in Joint Ventures

Pembina Pipeline said on Tuesday the Canadian Competition Bureau has approved its proposed $2.28 billion acquisition of Enbridge's interests in the Alliance, Aux Sable, and NRGreen joint ventures.

Saudi Aramco CEO Foresees Prolonged Oil Demand Growth Amidst Shipping Disruptions

Global oil demand will not peak for some time, so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday.

U.S. Aims to Restore Strategic Oil Reserve by Year-End, Granholm Says

U.S. crude oil stockpiles in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday.

CERAWeek: Hydrogen Adoption to Cost Europe, U.S. More Than $1 Trillion

Europe and the U.S. will have to spend in excess of $1 trillion for building infrastructure to enable widespread use of hydrogen fuel, an executive at Mitsubishi Heavy Industries said on Monday.

Colombian Police Seize 7.3 Million Gallons of Crude Stolen from Pipelines in Raids on Illegal Refineries

Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province, the police said in a statement on Monday.

Tellurian Explores Sale Options, CEO Steps Down Amid Driftwood LNG Project Efforts

Tellurian said on Monday it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the liquefied natural gas developer's efforts to keep its Driftwood export project alive.

TotalEnergies Readies Port Arthur, Texas FCC for Restart

TotalEnergies was preparing on Friday to restart the gasoline-producing fluidic catalytic cracker (FCC) over the weekend at its 238,000 barrel-per-day Port Arthur, Texas refinery, said people familiar with plant operations.

KazTransOil to Increase Tengizchevroil Oil Exports via BTC Pipeline

Kazakhstan's KazTransOil said on Friday that it plans to increase exports of Tengizchevroil's oil via the Baku-Tbilisi-Ceyhan pipeline to 140,000 tons in April from 130,000 tons in March.

Ukraine Declines Extension of Russian Gas Transit Deal

Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.

Venture Global LNG Acquires Nine LNG Vessels, Deepens Presence in LNG Value Chain

The nine vessels will be constructed in South Korea and the Arlington-based company said the move will deepen its involvement throughout the LNG value chain.

Oil Mergers, Clean Fuels Take Center Stage at Houston Energy Conference

Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels.

New Foundation Chair Focusing on Boosting Strategic Plan

With safety being at the forefront of all things concerning pipeline projects, new INGAA Chair Sean Nicholson certainly comes well-equipped for his new role. In this exclusive interview with Pipeline & Gas Journal, Nicholson discusses his plans and priorities as the new chair of INGAA.

Reuniting EQT and Equitrans: Navigating a Volatile Gas Market

Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division - only to be ejected by the executives they bought out.

Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction

The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved claims, two people familiar with the matter said.

U.S. Export Credit Agency Approves $500 Million Support for Bahrain Oil Project

The U.S. export credit agency on Thursday voted to approve a $500 million loan guarantee for an oil and gas drilling project in Bahrain, testing a U.S. climate pledge to stop backing projects that expand the use of fossil fuels.

North Dakota's January Oil Output Hits One-Year Low Amid Extreme Cold Snap

Crude oil production in North Dakota fell 14% in January compared with the prior month, hitting a one-year low after a cold snap weighed on activity, state regulators said on Thursday.

U.S. Seeks Oil for Emergency Reserve as Maintenance Ends

The U.S. is seeking to buy 3 million barrels of oil for the Strategic Petroleum Reserve (SPR), as one storage site winds down maintenance that had tempered the pace of replenishing the stockpile, the U.S. Energy Department said on Thursday.

TC Energy to Sell 470-Mile British Columbia Gas Pipeline to Ksi Lisims LNG Partners

The pipeline project, which TC will sell to Ksi Lisims co-developers Nisga'a Nation and Houston-based Western LNG, is permitted to move up to 3.6 billion cubic feet of natural gas per day across British Columbia.

Venture Global LNG Asks FERC to Keep Louisiana Export Facility Documents Confidential

Liquefied natural gas (LNG) exporter Venture Global LNG on Thursday delivered to U.S. regulators a proposed protective order seeking to keep documents on the construction of a Louisiana export facility confidential.

Russia's Gazprom Seeks Over $900 Million in Gas Dispute Damages from Polish Companies

In 2022, Poland terminated its agreement with Russia to receive Russian gas via the Yamal gas pipeline after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies.

IEA Forecasts Non-OPEC+ to Lead 2024 Oil Production Growth, Offset Output Cuts

Near-term global oil and liquids production growth will be driven primarily by the U.S., Guyana, Canada, and Brazil, offsetting voluntary production cuts by OPEC+, the U.S. Energy Information Agency (EIA) forecast on Thursday.

Shell Weakens 2030 Carbon Emissions Reduction Target, Scraps 2035 Objective

Shell weakened a 2030 carbon reduction target and scrapped a "perilous" 2035 objective, citing expectations for strong gas demand and uncertainty in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.

U.S. Grants $750 Million for Hydrogen Projects Across 24 States

The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen.

Italy Abandons $5.2 Billion Gas Storage Tariff Plan Amid EU Concerns

Italy's energy authority said it had shelved plans for a tariff to cover the cost of keeping gas stockpiles full, following widespread criticism from energy companies and European Union objections.

Occidental's 1PointFive Strikes Deal with AT&T for Carbon Credit Purchase

Carbon capture firm 1PointFive said on Wednesday telecom company AT&T has agreed to purchase carbon dioxide removal credits as part of its goal to reduce emissions and become carbon neutral in its global operations by 2035.

Nigeria's Oil Output Surges to 1.47 MMbbl/d Amid Crackdown on Crude Theft

Africa / Oil / E&P

Nigeria's oil production is steadily rising, hitting 1.476 million barrels per day (bbl/d) in February, the highest in more than three years, OPEC data showed, as the military and private security contractors crackdown on crude theft and pipeline sabotage.

FERC Asks Venture Global LNG to Justify Confidential Document Filings

The Federal Energy Regulatory Commission on Wednesday asked liquefied natural gas developer Venture Global LNG to explain the basis for its extensive filing of confidential documents in its Calcasieu Pass LNG export terminal.