Business & Markets
Italy’s Saipem wins Guyana, Brazil contracts worth $1.9 billion
In Brazil, Saipem was awarded a contract by Equinor for the Raia project in the Campos Basin. In Guyana, it was awarded a contract by ExxonMobil for the proposed Whiptail oilfield development located in the offshore Stabroek block.
Equinor Sells Stake in Nigerian Oil Field to Chappal Energies
The Norwegian group will sell Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including a 20.21% stake in the Agbami field, operated by Chevron.
ABB, Luna Innovations Collaborate on World’s Largest Fiber Optic-Based Gas Pipeline Monitoring System
Luna Innovations and automation contractor ABB collaborated with the system operator to provide leak detection, pipeline security and facility security across the 1,811 km route in a project spanning six years.
Commonwealth LNG, OnStream CO2 Partner on CCS Solution At Developing Louisiana Facility
OnStream CO2 will design, construct, own, and operate carbon dioxide capture equipment near the Commonwealth LNG site. The captured CO2 will be permanently sequestered at the Cameron Parish CO2 Hub. Commonwealth will dedicate CO2 emitted from the LNG facility for a 20-year term.
Cheniere Energy Signs 15-Year Supply Deal for Sabine Pass LNG Project
ARC Resources has agreed to sell 140,000 MMBtu per day of natural gas to SPL Stage 5 for a term of 15 years, commencing with commercial operations for the first train of the Sabine Pass Liquefaction Expansion Project.
Europe Studies Mega-Projects for Piping CO2 Offshore
(P&GJ) — Belgian TSO Fluxys and Norway’s state oil and gas company Equinor are working on plans for a 620-mile (1,000-km) pipeline that could export CO2 from industrial clusters in Zeebrugge, Belgium to storage sites offshore Norway. An extension to industrial sites in the port of Dunkirk, France is also under consideration.
Oil Exporters Seek Alternative Routes as Black Sea Storm Continues to Suspend Loadings
Russian and Kazakh producers are seeking to redirect oil flows to other destinations, in particular to Russia's Baltic ports, but such opportunities are limited due to high demand.
Canadian Pipeline Operator Enbridge Bets on Higher 2024 Demand With Increased Earnings Forecast
The upbeat forecast from Enbridge, which operates the Mainline oil pipeline system that ships the bulk of Canada's crude exports to the U.S., follows peer TC Energy estimating higher adjusted core earnings for 2024 on Tuesday.
Ukraine Suggests Reversing Trans-Balkan Gas Pipeline Flows to Meet Demand
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Seatrium Supports Energy Security With Successful Delivery of Greece’s First FSRU
Seatrium’s scope of work for this project includes refurbishment and life extension works, engineering and procurement, fabrication, and installation of a new regasification skid, as well as supporting systems such as boilers, offloading, electrical and automation systems.
US Coast Guard: 3% of Daily Gulf of Mexico Output Remains Shut In After Oil Spill
The Coast Guard had not yet identified the source of the leak after surveying around 40 miles of the 67-mile-long underwater pipeline, as remote-controlled devices and divers scanned the rest along with other surrounding pipelines.
Viewpoint: Two US Project Highlight Divide Over Carbon Removal’s Role in Energy Transition
The Texas and Louisiana direct air capture projects are in neighboring states, but the companies leading them are worlds away when it comes to their views on how carbon removal should be deployed in a climate-friendly future and the role oil and gas should play in its deployment.
Snam, Eni, Terna to Fast Track European Pipeline, Hydrogen, Carbon Capture Projects
The two initiatives supported by Snam are a pipeline for hydrogen between Italy, Austria and Germany dubbed the SoutH2 Corridor and a carbon capture and storage hub offshore Ravenna known as the Callisto Mediterranean C02 Network.
Australia Pacific LNG Shipments Halt After Tanker Power Outage
So far, two LNG cargoes have been delayed, and Origin warned that "more LNG cargoes will be deferred,” as the stricken vessel was blocking other tankers from entering the facility on Curtis Island off Australia's east coast.
Gas Condensate Exports from Russia's Yamal LNG Rise 16% In Jan-Nov
Exports of gas condensate, a kind of light oil, from Russia's Yamal LNG field were up by 15.8% year-on-year in January-November at 880,000 metric tons, according to LSEG ship-tracking data and traders.
Canadian Pipeline Operator TC Energy Forecasts Higher 2024 Earnings Despite Competition
TC's Keystone oil pipeline, which moves crude from Alberta to U.S. Midwest refineries and the Cushing, Oklahoma storage hub, faces stiffer competition starting in the first quarter when the Canadian government-owned Trans Mountain pipeline is scheduled to complete an expansion.
Spanish Green Hydrogen Pipeline to Receive EU Funding
The Commission's list includes the H2Med corridor - a future multibillion-euro "green" hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe by 2030.
EU Keeps Eastern Mediterranean Gas Pipeline on New List of Priorities
The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.
Kenya to Begin Privatization Drive with Oil Pipeline Stake Offering
The pipeline firm, which is profitable, has a monopoly on the transport of gas and white oil products, the ministry said in a notice,
Delfin to Supply Gunvor with LNG for 15 Years from Plant Offshore Louisiana
Delfin said in a news release its LNG plant in Louisiana will supply between 500,000 to 1 million tonnes of LNG per annum to Gunvor on a free-on-board basis at Delfin Deepwater Port for at least 15 years.
Sierra Madre Natural Gas Pipeline Project Reaches Milestone with EPC Contract Award
The 500-mile Sierra Madre pipeline will be the primary natural gas supply path to transport up to 2.8 Bcf/d from the U.S. border to the first phase of Mexico Pacific's 15 million tonne per annum Saguaro Energia LNG export facility in Puerto Libertad, Sonora, Mexico.
Oil Prices Fall Ahead of OPEC Meeting, Brent Dips Below $80
Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. Both contracts lost $1 in early trading.
Canada Oil Sands CCS Project to Make Final Investment Decision in Mid-2025
The CCS project will require a 400-kilometer (249-mile) pipeline to transport captured carbon. Pathways is also consulting with Indigenous groups along its path about potential economic participation, such as taking an equity position in the project.
OPEC Secretary Accuses IEA Of “Vilifying” Oil, Gas Industry
The Organization of the Petroleum-Exporting Countries (OPEC) and the Paris-based IEA have repeatedly clashed in recent years over issues such as long-term oil demand prospects and investment in new hydrocarbon supplies.
Danish Fund to Invest $10 billion in Mexican Green Hydrogen Development Hub
One of Mexican President Lopez Obrador's key infrastructure projects is the development of an industrial corridor connecting the Pacific and Atlantic oceans in Mexico's poorer south.
Shell’s Prelude LNG Facility to Resume Exports Next Month
In a sign that maintenance, which started in August, is near completion, the LNG tanker Symphonic Breeze has been booked to arrive at the floating facility on Dec. 6, shipping data shows.
Russian Black Sea Oil Exports Delayed Due to Heavy Storms
Russia's oil and oil product exports from the Novorossiysk Black Sea terminal are being restricted as bad weather has caused significant delays to loadings, two sources familiar with the port's operations said on Monday.
Greek Shippers Exit Russian Oil Trade as U.S. Tightens Price Cap Scrutiny
Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed.
UAE Set to Ramp Up Murban Crude Exports in Early 2024
The United Arab Emirates will ramp up exports of Abu Dhabi's flagship Murban crude early in 2024 as a new OPEC+ mandate kicks in and barrels are diverted to the international market owing to refinery maintenance, according to traders and Reuters data.
Trans Mountain Faces Regulatory Hearing on Pipeline Variance Request
The Canada Energy Regulator (CER) has ordered the company building the Trans Mountain oil pipeline expansion (TMX) to appear at an oral hearing on Monday, as the regulator weighs whether to approve a variance request from the project.
- 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
