Business & Markets
France’s Dispute with Germany and Spain Over Hydrogen Could Block Billion-Dollar Pipeline Project
A new row has erupted between France, Germany and Spain over nuclear energy, with Paris furious about a lack of support from Berlin and Madrid for its efforts to have nuclear-derived hydrogen labeled as 'green' in EU legislation, sources said.
Oman LNG Agrees to Supply China's Unipec with 1 Million Tonnes of LNG Per Year
Oman LNG has agreed to supply China's Unipec with around 1 million metric tonnes of LNG per year for four years starting in 2025, state news agency ONA said on Tuesday. Unipec is the trading arm of Asia's largest refiner, Sinopec.
Equinor Shares Spike as Gas Bonanza Lands Record Profit
Equinor posted a record $74.9 billion adjusted operating profit on Wednesday, more than doubling its previous high and sending the Norwegian oil and gas producer's shares up more than 7%.
Philippine Malampaya Gas Field Operator Seeks 15-Year Contract Extension
Prime Infra Holdings Inc., the new operator of the Philippines' Malampaya natural gas field, is seeking a 15-year extension of the project contract to be able to explore for additional supply around the reservoir, its chief executive said on Wednesday.
BP Azerbaijan Declares Force Majeure on Crude Loadings from Turkey's Ceyhan Port
BP Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Feb. 7, a company spokesperson confirmed on Wednesday. The notice was issued to oil shippers following a temporary suspension of loading operations from the Ceyhan Marine Terminal.
Indian Energy Company ONGC Videsh Eyes Oil, Gas 'Hot Spots' in Africa, Latin America
ONGC Videsh is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam. OVL currently has a stake in 32 oil and gas projects in 15 countries, spanning projects in various phases, including exploration, development, production and pipelines.
Cardinal Midstream Acquires 80 Miles of Natural Gas Pipelines in Delaware Basin
(P&GJ) — Cardinal Midstream Partners has entered a deal to acquire Medallion Midstream Services' natural gas assets in the Delaware Basin, which includes approximately 80 miles of high- and low-pressure natural gas gathering pipelines and a 140 MMcf/d natural gas processing facility.
CEO: Aramco Trading Is Trading About 6 MMbbl/d of Crude, Products
Aramco Trading's chief executive on Tuesday said the company was currently trading 6 million barrels per day (MMbbl/d) of crude and products. Saudi Aramco and other Middle East oil producers stepped up their trading efforts as a way to boost income after the 2014 collapse in oil prices.
Tellurian Woos Indian Investors for Its Driftwood LNG Project
Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. Delays have hit construction of the Driftwood facility, but CEO Octavio Simoes said it is on track for its first gas output in 2026.
India's Petronet Seeks More LNG Under Long-Term Qatar Deal
Petronet LNG, India's top gas importer, will seek up to 1 MTPA in additional LNG supplies when it renews its long-term deal with Qatar, the company's CEO said on Tuesday. Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit, has until the end of this year to renew its deal.
Australia's Beach Energy Reaches Deal with Webuild on Waitsia Gas Project
Australia's Beach Energy Ltd. on Monday said it reached a deal with Italy's Webuild SpA to complete delivery of the $528.92 million Waitsia Stage 2 gas project, subject to approval from the project's contractor Clough Ltd., which was placed into administration in December.
IEA: China's Oil Demand Bounce May Push Producers to Reconsider Output
Oil producers may have to reconsider their output policies following a demand recovery in China, the world's second-largest oil consumer, the International Energy Agency's Executive Director Fatih Birol said on Sunday.
Woodside, Partners to Pick Plan for Timor Sea Sunrise Gas Project Soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
Italian Union Files Legal Complaint Against Snam's LNG Terminal Over Environmental Concerns
The Italian trade union USB filed a legal complaint against a plan by gas grid operator Snam to set up a new LNG terminal in the Tuscan port of Piombino, it said in a press release on Friday.
TotalEnergies' Head Met Mozambique President with Key Gas Project at Stake
The head of TotalEnergies met Mozambique President Filipe Nyusi on Friday to discuss the humanitarian situation in the Cabo Delgado area, where a 2021 attack on civilians led to a key LNG project being halted.
Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal
Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.
Pipeline Operator Magellan Says Permian Crude Flows to Houston Will Rise
U.S. pipeline operator Magellan Midstream Partners LP on Thursday predicted crude oil flows from the Permian Basin will shift toward Houston as shale production rises and lines to export hub Corpus Christi fill.
US Senators Manchin, Cruz Float Bill to Block Gas Stove Bans
Cruz, a Texas Republican, and Manchin, a West Virginia Democrat, teamed up to float the Gas Stove Protection and Freedom Act, a bill that would prevent the U.S. Consumer Product Safety Commission from banning gas stoves.
Shell Still Taking LNG Cargoes from Russia Under Novatek Contract
The world's largest LNG trader agreed a more than 20-year deal in 2015 for Novatek to supply around 900,000 tonnes per annum from the Yamal LNG plant in Siberia.
Pipeline Operator Enterprise It's Says Bullish on Permian Oil Output
U.S. energy pipeline operator Enterprise Products Partners was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and gas will rise.
Bulgaria Begins Construction on 106-Mile Gas Pipeline to Serbia
Bulgaria began construction on Wednesday of a long-delayed natural gas link with neighboring Serbia that will allow flows of non-Russian gas to Belgrade and boost the security of supplies in southeastern Europe.
Carbon Pipeline Company Sues Iowa County Over Local Siting Ordinance
The developer of a Midwest carbon capture pipeline network has sued Shelby County in Iowa, saying its ordinance restricting the siting of hazardous pipelines is overruled by a federal pipeline safety law.
EIA: US Crude and Petroleum Products Demand Rises in November
Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bbl/d) in November to 20.59 million bbl/d, the highest since August, the U.S. Energy Information Administration (EIA) said Tuesday in its Petroleum Supply Monthly report.
2,000-Mile Carbon Pipeline Project Sparks Battle Among North Dakota Landowners
(P&GJ) — Landowners from North Dakota gave testimony on Jan. 27 in favor of and against Summit Carbon Solutions' use of eminent domain to construct a 2,000-mile carbon pipeline network beneath hundreds of homes and farms in the Midwest.
Exxon Posts $56 Billion Profit for 2022, Setting Historic High for Western Oil Majors
Exxon Mobil Corp. posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.
Peninsula Pipeline Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida
(P&GJ) — Peninsula Pipeline Co. will construct new infrastructure in two phases. Phase one involves the construction of three new pipeline segments, which consist of steel pipe, new regulator stations and improvements, a new gas injection point and three new points of delivery. Phase two of the project involves the installation of two new steel pipeline segments.
Exxon Mobil Sets Large-Scale Hydrogen Plant Start-Up for 2027
Exxon Mobil Corp. disclosed on Monday its plan to start operations at its large-scale hydrogen plant in Texas in 2027 or 2028, Exxon's Low Carbon business president Dan Ammann told Reuters.
Russian Gas Supply Hit Pushes India's GAIL to Scout for Long-Term LNG
GAIL (India) Ltd. is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.
Shell CEO's First Changes Combine Upstream and LNG Operations
Shell will combine its oil and gas production and LNG divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.
Australia and Germany to Invest $90 Million for Joint Hydrogen Supply Chain Projects
Australia and Germany have earmarked $35.5 million and $54.4 million, respectively, towards a joint initiative to establish a green hydrogen supply chain, Australian Minister for Climate Change and Energy Chris Bowen said on Friday.
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
