Business & Markets

Oil Prices Slide 2% to Nearly 4-Year Low as U.S. Trade Conflict Fuels Recession Fears

Oil prices slid 2% to a nearly four-year low on Monday on worries U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and reduce global demand for energy.

Australia's Woodside Sells Louisiana LNG Stake to Stonepeak for $5.7 Billion

Woodside Energy has sold a 40% stake in its Louisiana LNG project to U.S. infrastructure firm Stonepeak for $5.7 billion, reducing capital costs and advancing toward a final investment decision.

Traverse Pipeline Approved to Move 1.75 Bcf/d of Gas Along 160-Mile South Texas–Katy Route

WhiteWater and partners MPLX LP, Enbridge Inc., and Targa Resources Corp. have reached a final investment decision (FID) to build the bi-directional Traverse Pipeline.

DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding

The U.S. Department of Energy is considering cutting over $1.2 billion in funding for carbon capture projects, jeopardizing early-stage and commercial-scale efforts aimed at reducing emissions through capture, transport, and storage technologies.

Panama Canal to Open Bidding for New LPG Pipeline Project

The Panama Canal Authority has approved the launch of a bidding process for a new LPG pipeline project, aiming to streamline cross-canal transshipment and reduce vessel traffic. The project targets improved cargo flow and supports sustainable development.

Oil Sinks 8% on China Tariffs, Recession Fears Mount

Oil prices plunged nearly 8% as China announced sweeping tariffs on U.S. goods, fueling global recession fears and rattling energy markets. Brent and WTI hit four-year lows amid escalating trade tensions and OPEC+ supply moves.

Argentina Opens $1.4 Billion, 326-Mile Pipeline to Double Oil Export Capacity

Argentina has inaugurated a $1.4 billion, 326-mile oil pipeline from the Neuquen Basin to Puerto Rosales, doubling crude transport capacity to 540,000 bpd and boosting exports by up to $8 billion annually.

Brookfield to Acquire Colonial Pipeline in $9 Billion Deal Including Debt

Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.

Processing Raw Biogas into Renewable Natural Gas Suitable for Pipeline Blending

Biogas fresh from a digester is valuable but also contains multiple contaminants. It can be cleaned up to pipeline quality, but this requires an analyzer up to the challenge.

Permian Oil Growth Slows as U.S. Shale Hits Geological Limits

U.S. shale producers face rising costs and geological constraints in the Permian Basin, where aging wells yield more water and gas, signaling a potential peak in oil output.

ABB Digitizes IndianOil’s 12,400-Mile Pipeline Network with Nationwide SCADA System

ABB has implemented automation and digital systems across IndianOil’s 20,000-km pipeline network using its SCADAvantage platform, enhancing real-time monitoring, cybersecurity, and operational efficiency.

Tariff Fight Could Rattle U.S. LNG Exports, Push Gas Prices Higher

U.S. natural gas prices are already up by around 80% from a year ago, but are due for a fresh jolt from the knock-on effects of the latest round of trade tariffs imposed by the U.S. government on goods entering the country.

STATS Expands in Malaysia with Pipeline Isolation Contract

STATS Group and EPOMS have secured a three-year contract to provide pipeline isolation services across Malaysia. The deal includes onshore and offshore assets, expansion of STATS’ KL operations, and increased investment in tooling and local workforce.

Poland to Expand Gas Pipeline Capacity to Ukraine by 2026

Poland’s Gaz-System will upgrade the Hermanowice metering station on its pipeline to Ukraine by 2026, aiming to boost gas transit capacity as Ukraine ramps up LNG imports from Europe following Russian attacks on its storage sites.

FERC Grants Final Approval for Venture Global’s Calcasieu Pass LNG to Begin Full Service

The Federal Energy Regulatory Commission has granted Venture Global approval to begin full commercial operations at its Calcasieu Pass LNG facility in Louisiana, including the TransCameron pipeline, starting April 15.

Canada's Trans Mountain Pipeline Sees Slower Ramp-Up, Trims Volume Forecasts

Trans Mountain has lowered its oil throughput and revenue forecasts through 2027 due to underused spot capacity and shipper resistance to higher tolls. Utilization is now expected to hit 96% by 2028.

China's First 300-Bar Hydrogen Supply Hub Opens in Shanghai

Air Liquide and Shenergy have opened China’s first 300-bar hydrogen supply center in Shanghai, boosting regional hydrogen mobility and industrial use with a daily capacity of 12 tonnes.

E.ON Launches CO₂ Capture Project at Denmark's CopenHill Plant

E.ON and ARC launch CopenCapture, a CO₂ capture and storage project at Copenhagen’s CopenHill waste-to-energy plant, aiming to remove 400,000 tons of CO₂ annually and generate carbon removal credits.

Galveston LNG Bunker Port, UK’s Dunmura Ink LNG Supply Deal for Marine Fuel

Galveston LNG Bunker Port has signed a supply agreement with Dunmura Ltd. to deliver LNG for marine fuel use, supporting growing demand and marking a step toward operations starting in 2027.

ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion, Sources Say

ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma’s Anadarko Basin inherited from its $22.5 billion Marathon Oil acquisition. The assets could fetch over $1 billion as part of the company’s $2 billion divestment plan.

CenterPoint Finalizes Sale of 12,000 Miles of Gas Pipelines in Louisiana, Mississippi

CenterPoint Energy has completed the sale of its natural gas utilities in Louisiana and Mississippi to Bernhard Capital Partners. The transfer includes 12,000 miles of pipeline and 380,000 customers, with Delta Utilities assuming operations.

Argentina Sends First Vaca Muerta Gas to Brazil Through Bolivian Pipelines

Argentina has started exporting natural gas from its Vaca Muerta shale to Brazil via Bolivian pipelines, marking a new energy trade route in South America. The deal, involving TotalEnergies, Bolivia’s YPFB and Brazil’s Matrix Energia, could reshape regional gas supply dynamics.

Phillips 66 Finalizes $2.2 Billion EPIC NGL Deal, Adding 885 Miles of Pipeline

Phillips 66 has completed its $2.2 billion acquisition of EPIC NGL, adding 885 miles of pipeline and two fractionators to its midstream portfolio. The assets will boost capacity and strengthen its Permian-to-Gulf Coast connectivity.

U.S. to Rescind Biden-Era 7-Year Deadline on LNG Export Projects

The U.S. Department of Energy is rescinding a Biden-era policy requiring LNG projects to begin exports within seven years of approval. The move restores flexibility for developers like Energy Transfer and reflects growing industry pressure for regulatory reform.

Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion

Texas Gas has launched an open season for its Borealis pipeline project, a 2 Bcf/d expansion connecting Marcellus and Utica supplies to key markets across the Midwest and Gulf Coast. The project leverages existing infrastructure to meet growing U.S. energy demand.

Gas Producers Warn Australia Opposition’s Export Plan Could Deepen Supply Shortfall

Shell, Chevron, and ExxonMobil executives warn that Australia's opposition gas export plan could worsen supply shortages and deter investment. The proposal would force producers to divert more gas to the domestic market, raising concerns ahead of the May 3 election.

Russia Shuts CPC Moorings, Cutting Kazakh Oil Exports Amid OPEC+ Quota Dispute

Russia has ordered the closure of two CPC moorings, cutting Kazakhstan’s oil export capacity and escalating tensions over OPEC+ production quotas. The disruption affects major producers Chevron and ExxonMobil, and could force output cuts if not resolved within days.

Argentina’s Allen-Punta Colorada Pipeline Well Underway

Argentina’s YPF has begun construction on the second section of the 272-mile Allen–Punta Colorada pipeline, part of the Vaca Muerta Sur project. The line will transport up to 700,000 bpd of crude oil for export, with SCADA systems, storage terminals, and offshore VLCC loading capacity.

Tokyo Gas Acquires Chevron Gas Assets Near LNG Corridor in East Texas for $525 Million

Tokyo Gas has acquired a 70% stake in East Texas gas assets from Chevron for $525 million, expanding its position in the Haynesville Shale. The move strengthens its access to Gulf Coast LNG infrastructure and supports its growing U.S. gas strategy.

Williams Adds 514 MMcf/d as Two Transco Expansions Enter Service in Southeast, Gulf Coast

Williams has placed two Transco pipeline expansion projects into service, adding 514 million cubic feet per day (MMcf/d) of natural gas capacity to meet growing demand in the Southeast and Gulf Coast regions.

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