Business & Markets
Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
The $7.1 billion deal will see Energy Transfer add about 2 billion cubic feet per day (Bcf/d) of gas-gathering capacity, 1.4 Bcf/d of gas-processing capacity and 340,000 barrels per day (bpd) of crude-gathering capacity.
Pembina Pipeline Delays Cedar LNG FID to Fourth Quarter 2023
(P&GJ) — Pembina Pipeline Corp. has been granted the permit for its proposed LNG facility by the BC Energy Regulator. Thus, the final investment decision (FID) timeline has been revised to the fourth quarter of 2023, due to ongoing discussions and negotiations involving LNG Canada and Coastal GasLink.
Suncor Energy's Quarterly Profit Halves on Lower Oil and Gas Prices
Canada's Suncor Energy has joined its global peers in reporting a sharp drop in quarterly profit, as oil and gas prices retreated from last year's peak. Suncor also took a $204 million restructuring charge during the second quarter related to its plans to cut 1,500 jobs this year to reduce costs.
Nigeria's NNPC Destroys Dozens of Illicit Refineries, Oil Pipeline Connections
Nigeria's state oil firm NNPC has successfully dismantled dozens of illicit refineries and unauthorized pipeline connections as part of ongoing efforts to curb theft in the oil-rich Niger River delta, it said on Tuesday.
EIA: U.S. Natural Gas Pipeline Exports to Mexico Set a Monthly High in June 2023
(P&GJ) — U.S. natural gas pipeline exports to Mexico averaged a record 6.8 billion cubic feet per day (Bcf/d) for June 2023, which is 0.1 Bcf/d greater than the previous record set in June 2021, according to data from Wood Mackenzie.
BP Backs Green Hydrogen Start-Up Aiming to Cut Fuel's Costs
BP has invested in a start-up company developing technology seeking to use vapor from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.
Canada Reaches Out to Indigenous Groups About Trans Mountain Stake Sale
The Canadian government has reached out to Indigenous groups about potentially selling them a stake in the Trans Mountain pipeline expansion project, edging ahead on its long-promised involvement of local communities in the controversial project, the finance minister's office said on Wednesday.
Chevron Invests in Lower-Carbon Pilot Projects in Australia
The energy major would provide funding to Carbon Sync, which is leading a soil carbon sequestration pilot project as well as a research project with Deakin University to explore potential carbon dioxide sequestration opportunities in the region's coastal wetlands.
Mexico’s Ambitious LNG Export Goals Rely on US Pipeline Imports
(P&GJ) — If Mexico follows through with construction of all its proposed liquified natural gas export projects, it will become the fourth-largest LNG shipper in the world. Unlike the other countries in that Top 4 list, however, it would be the only one that imports most of the natural gas it ultimately ships.
Montana Judge Rules State Policies Must Consider Climate Change in Fossil Fuel Projects
Montana is violating the rights of young people with policies that prohibit the state from considering climate change effects when it reviews coal mining, natural gas extraction and other fossil fuel projects, a state judge said Monday.
Natural Gas Producer Chesapeake to Complete Eagle Ford Basin Exit with Silverbow Deal
Chesapeake said last year it viewed the Eagle Ford acreage as no longer core to its strategy and would focus on the gas-rich Marcellus and Haynesville shale formations.
Permian Operators Look to Carry the Load
(P&GJ) — Midstream projects in the region continue more-or-less undeterred with more than 8 Bcf/d of pipeline capacity planned or under construction from the Permian and Haynesville basins as operators lock in on expanding LNG export markets on the Texas and Louisiana Gulf Coasts.
US Appeals Court Rejects Challenge to Mountain Valley Pipeline
A U.S. appeals court on Friday rejected a challenge to federal approvals for the Mountain Valley Pipeline, in a decision that likely ends legal fights over the construction of the $6.6 billion natural gas project led by Equitrans Midstream.
Oil Prices Fall 2% Despite Record US Crude Stock Drawdown
Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of the U.S. government's top credit by a major ratings agency.
Australia Regulator Clears Way for Strike Vote at Chevron LNG Plants
Australia's labor regulator cleared the way for strike action at Chevron's Wheatstone and Gorgon LNG facilities if workers vote in favor of such a step, fueling concerns the country's exports could be cut.
US Awards $1.2 Billion to Oxy, Climeworks-Led Carbon Air Capture Hubs
The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology.
Haynesville Riding LNG Wave to Gulf Coast
(P&GJ) — With the primary driver of U.S. natural gas demand growth continuing to be LNG exports, the bottlenecked pipeline takeaway capacity in the gas-rich Marcellus Shale has left the Haynesville shale, along with the Permian Basin, as the two regions with the most consistent midstream growth.
Argentina's Neuquen Hits Oil Export Record with Vaca Muerta Boost
In June, Neuquen, Argentina, exported a record 2.77 million barrels of oil, fueled by higher Vaca Muerta formation production. With a newly active pipeline linking Neuquen to Buenos Aires since early July, the region is poised for increased natural gas transport.
Italy's Saipem Wins Two Contracts with Eni, BP Worth $700 Million
Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP, worth a total of around $700 million.
Pavilion Energy, CNOOC Complete First Bunker Delivery to LNG-Powered VLCC
Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first LNG ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.
Top US Shale Firms Slightly Raise Oil Output, Struggle for Significant Growth
Favoring earnings over higher production has helped U.S. companies deliver strong profits with modest volume increases. The OPEC producer group's cuts have helped keep prices above $70 a barrel for most of the year.
Planned Strike at Woodside, Chevron Australian Facilities Sparks Concern Over LNG Supply
Workers at Woodside Energy Group and Chevron's LNG facilities in Australia voted to strike on Wednesday, industry sources and Australian media reported, sending European gas prices higher on concern over supplies.
Vision RNG, Meridian Waste Launch Landfill Gas to Renewable Natural Gas Project in Missouri
(P&GJ) — Vision RNG has announced that its Landfill Gas to Renewable Natural Gas (RNG) project at Meridian Waste’s Eagle Ridge Landfill in Bowling Green, Missouri is now fully operational.
Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
Canada is looking to sell a stake in the Trans Mountain oil pipeline to indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise, Bloomberg News reported on Tuesday.
Dana Gas Receives $80 Million from Iraq's Kurdistan Region
United Arab Emirates energy firm Dana Gas said on Wednesday it had received $80 million from the Kurdistan Regional Government (KRG) in Iraq, which for over a decade has sometimes struggled to make payments on time.
ADNOC Gas Awards $3.6 Billion Contract to Expand UAE Gas Processing
State oil giant Abu Dhabi National Oil Company's gas unit, ADNOC Gas, said on Wednesday it awarded a $3.6 billion contract to expand its gas processing infrastructure in the United Arab Emirates.
Poland Successfully Repairs Leaked Druzhba Oil Pipeline
Polish pipeline operator PERN said on Tuesday that it had restored the Druzhba oil pipeline to full functionality as expected after discovering a leak.
Challenges to Biden's Carbon Plan Emerge from U.S. Power Sector
Edison Electric Institute has asked the U.S. Environmental Protection Agency for revisions of the proposed power plant standards, which hinge on the widespread commercial availability of carbon capture and storage and low-emissions green hydrogen, adding the agency's vision was "not legally or technically sound."
Venture Global LNG Addresses Controversy Surrounding Delayed LNG Cargoes
Venture Global LNG responded strongly on Monday to allegations from certain customers such as BP and Shell regarding the delay in LNG shipments from its Louisiana export facility, accusing them of distorting confidential long-term agreements.
New Fortress Energy Plans to Launch Second and Third Fast LNG Units in 2025
New Fortress Energy Inc. announced on Tuesday that it is currently constructing the second and third production units for its Fast LNG technology. The company anticipates these units to become operational in the first quarter of 2025.

- Poland Detects Leak in Russia's Druzhba Oil Pipeline
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Magellan Midstream Approves $18.8 Billion Sale to ONEOK, Creating Major U.S. Pipeline Player
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
- Equitrans to Begin Construction on Ohio Valley Connector Expansion Project
- Canada Looking to Sell Trans Mountain Pipeline Stake to Indigenous Groups
- Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal
- Criteria to Consider in Selecting Water Transfer Flow Meters
- US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
- DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule