Business & Markets
Energy Transfer's Pipeline Network Surpasses 125,000 Miles with Crestwood Acquisition
Energy Transfer now owns and operates more than 125,000 miles of pipelines and related assets in all the major U.S.-producing regions and markets across 41 states, further enhancing its leadership position in the midstream sector.
US Agency Proposes Allowing Carbon Capture Projects in National Forests
The proposed rule would amend existing Forest Service regulations by allowing "exclusive and perpetual use" of national forest land and pore space beneath it for approved CCS projects.
Sinopec Signs New 27-Year LNG Supply Deal with QatarEnergy
Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project, which will supply 3 million metric tons of LNG per year to Sinopec.
Plains All American Raises Profit View on Higher Pipeline Volumes, Deals
Plains All American Pipeline on Friday raised its full-year profit forecast after posting better-than-expected third-quarter earnings, as the pipelines and storage company moved higher volumes of crude and natural gas liquids.
New Fortress Energy Considers Onshore LNG Facility in Mexico as Complement to Offshore Project
New Fortress Energy on Thursday disclosed it is weighing an LNG export facility in Mexico that would be an onshore complement to its offshore project.
Pipeline Operator Enbridge Beats Profit Targets on Higher Transport Volumes
Pipeline operator Enbridge on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids.
Private Equity Rushes to Gulf as Fundraising Dries Up
A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding for buyouts has dried up elsewhere.
Trans Mountain Ordered to Stop Pipeline Work Over Environmental Non-Compliance
The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances.
Tellurian Says on Track to Produce LNG in 2027, Still Looking for Customers
U.S. energy company Tellurian Inc said on Thursday it remains on target to produce the first LNG at its Driftwood export plant in Louisiana in 2027.
New U.S. Sanctions Take Aim at Russia's Arctic LNG Project Amid Ukraine Conflict
The latest sanctions target a major entity involved in the development, operation and ownership of a massive project in Siberia known as Arctic-2 LNG, the State Department said in a statement. The project expected to ship chilled natural gas, known as LNG to global markets.
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Cheniere Inks 20-Year LNG Supply Deal with China’s Foran Energy Group
(P&GJ) — Under the deal, Foran has agreed to purchase approximately 0.9 million tonnes per annum (MTPA) of LNG for 20 years from Cheniere Energy.
Gazprom Delivers Second LNG Shipment to China, Taking Suez Canal
Russia's Gazprom on Thursday delivered a second shipment of LNG to China, sending it via the Suez Canal rather than the northern sea route taken by the previous cargo, according to LSEG data.
Australian Court Blocks Santos' $3.6 Billion Subsea Gas Pipeline Project
Santos said on Thursday an Australian court has granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.
Chevron Pursuing 15-Year LNG Supply Contracts into Europe
Chevron is negotiating contracts to supply LNG into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said.
Cheaper Canadian Oil and Gas Valuations Lure Potential US Buyers North
U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access, according to dealmakers and analysts.
Energy Transfer's Crude, NGL Transportation Volumes Hit Record in Q3
Midstream company Energy Transfer reported on Wednesday higher earnings for the third quarter versus the same time last year, with natural gas liquids (NGL) and crude transportation volumes hitting a company record.
DOE Warns New Fortress Energy's Mexico LNG Permit Could Require Reapplication
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating LNG project is located onshore Mexico, the company will have to resubmit its application for an export permit.
Cadiz Signs Agreement with El Paso Natural Gas for Long-Term Power Supply
(P&GJ) — Cadiz Inc. has entered into a long-term contract with El Paso Natural Gas Company LLC (EPNG) to install a tap on their natural gas pipeline, which runs through the Cadiz Ranch property in the California eastern Mojave Desert.
US October LNG Exports Reach Second-Highest Level on Record
U.S. LNG producers ramped up exports in October to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.
Entergy Agrees to Sell Gas Distribution Business for $484 Million
(P&GJ) — Entergy has agreed to sell its gas distribution business to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm based in Baton Rouge, for approximately $484 million in cash.
FEED Awarded for QatarEnergy LNG’s CO2 Sequestration Project
Worley will develop the FEED and EPC scope of work for QatarEnergy LNG’s CO2 sequestration facility, in Ras Laffan, Qatar, capable of capturing 4.3 mtpa of CO2.
Russia's Weaker Hand Undermines Case for Power of Siberia 2 Gas Pipeline to China
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Shell to Sell Pakistan Unit to Saudi Firm
Shell Pakistan's operations include more than 600 mobility sites, 10 fuel terminals, a lubricant oil blending plant and a 26% shareholding in Pak-Arab Pipeline Company Limited.
EIA: US Crude Output Reaches Monthly Record in August at 13.05 Million bpd
U.S. field production of crude oil rose to a new monthly record in August at 13.05 million barrels per day, the Energy Information Administration said on Tuesday.
Origin Energy's Top Shareholder Opposes Brookfield's $9.8 Billion Takeover Offer
Origin Energy's largest shareholder said on Tuesday it plans to vote against a Brookfield-led consortium's $9.78 billion takeover offer for the company, casting doubt on the bid's future weeks ahead of a shareholder vote on the deal.
Untangling Environmental Rules Can Lead to Permitting Success
(P&GJ) — Oil and gas pipelines are considered critical infrastructure, and the process of routing, permitting, designing and building them often elicits significant public pushback associated with perceived environmental concerns.
Chesapeake Energy's Production Falls 15% and Profit Declines Amid Slumping Gas Prices
Chesapeake's Q3 production dropped by 15%, resulting in a profit of $70 million compared to $883 million in 2022. This decline was due to its exit from the Eagle Ford basin as part of a shift towards exclusive natural gas production, driven by activist investment firm Kimmeridge Energy Management.
Santos to Fight Lawsuit by Indigenous Group to Halt Barossa Pipeline Work
Australia's Santos said on Tuesday it would defend against the legal proceedings brought by the Environmental Defenders Office (EDO) to halt the commencement of pipeline work at its Barossa gas project off northern Australia.
Clean Energy, TotalEnergies First Renewable Natural Gas Facility Begins to Sell Environmental Credits
(P&GJ) — Clean Energy Fuels Corp. and TotalEnergies SE have announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers credits under the U.S. EPA's Renewable Fuel Standard.
- 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
