Business & Markets
Analysis: US Northeast Looks at Winter Threat Once Again
(P&GJ) – Driven in large part by the New England states’ policies seeking to reduce carbon emissions, the shift toward renewable resources to power the electric grid has been underway for years in the region.
Repsol Freezes Hydrogen Investment in Northern Spain on Regulatory Uncertainty
Spanish oil major Repsol has frozen the investment plan for a hydrogen plant in the Basque country, northern Spain, due to uncertainty about the future of a tax imposed on energy companies, its top regional executive said on Monday.
Massive Gas Power System Brings a New Cryogenic Gas Plant Online
When these extremely large-scale cryogenics plant asked for our help processing huge gas streams and getting them onto the power grid, we realized this would be our biggest power project yet in North America.
Enterprise Reveals Permian Growth Projects; Takes Seminole Pipeline Out of Crude Oil Service
(P&GJ) — Enterprise Products Partners L.P. has announced four new capital projects in the Permian Basin and also revealed that it has begun initial steps to return the Seminole Pipeline, which has a capacity of 210,000 bbl/d of crude oil, to natural gas liquid (NGL) transportation service in December 2023.
Plugging the Leak: Tackling Methane Emissions
(P&GJ) — The oil and gas industry is heavily regulated by a number of governing bodies, including the U.S. Federal Energy Regulatory Commission, to ensure pipelines run efficiently and safely. However, no matter how controlled operations are, toxic vapors from fugitive emissions continue to be a problem.
Mountain Valley Gas Pipeline Set for Q1 2024 Completion
Equitrans Midstream remains on track to complete the Mountain Valley natural gas pipeline from West Virginia to Virginia in the first quarter of 2024 at an estimated cost of $7.2 billion, U.S. energy company Equitrans Midstream said on Tuesday.
MPLX Completes Whistler Pipeline Expansion, Advances Permian Gas Processing Plant
In the Permian Basin, MPLX completed its Whistler pipeline expansion from 2 Bcf/d to 2.5 Bcf/d at the end of Q3. In the Delaware Basin, MPLX also progressed the construction of its sixth natural gas processing plant, Preakness ll, expected online in the first half of 2024, the company said.
TC Energy Completes Pipe Installations at Troubled Coastal GasLink Project
TC Energy said on Monday it had installed pipes across the entire route of its Coastal GasLink project, keeping the Canadian energy firm on track to complete the work by year-end.
Equinor, RWE Develop Long-Standing Partnership With New Natural Gas Supply Contract
Earlier this year, RWE and Equinor announced their plan to develop large-scale value chains to ensure security of supply and reduce emissions in response to the German-Norwegian Partnership on Climate, Renewable Energy and Green Industry.
Bakken Shale Unlikely to Return to Glory Days, Even With Chevron, Hess Deal, Analysist Predict
The Bakken formation is a long way from export terminals, which means producers have higher transport fees and smaller profits than their competitors in the giant Texan and New Mexican shale areas that are closer to the main export hubs on the Gulf Coast.
NSTA Awards 27 New Oil, Gas Exploration Licenses, Shell Comes Out on Top
Among the successful bidders to drill for new oil and gas in the British North Sea are Shell - with the most licenses, Equinor, DNO, Aker BP, Ithaca, TotalEnergies and BP.
BP Considers Forming Shale Joint Ventures Around U.S. Natural Gas Fields, Sources Say
London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, three sources with direct knowledge of the matter said.
Repsol Freezes Spanish Hydrogen Investment Plan Due to Tax Uncertainties
Repsol CEO Josu Jon Imaz said the tax favored foreign energy producers over Spanish ones and created uncertainty over returns on investment in the country. He added Repsol had other countries to invest in.
India’s Petronet LNG Not Seeking Additional Volumes in Qatar Deal
India's top gas importer Petronet LNG is not seeking additional volumes when it renews its long-term liquefied natural gas deal with Qatar, its Head of Finance V. K Mishra said on Monday on an analyst call.
US Reviews of LNG Export Permits Slow Under Biden Administration
The average time for issuing an export license has climbed under the Biden administration to over 330 days from 155 days under the Obama administration and 49 days under the Trump administration, according to DOE data.
Industry Insiders See Major Risks Associated With Potential Russia-China Natural Gas Pipeline
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.
Israel Awards 12 Offshore Natural Gas Exploration Licenses to Eni, BP, Others
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.
Duke Energy to Build End-to-End Hydrogen System in Florida
The new system, a collaboration between Duke, construction management and consulting firm Sargent and Lundy, and General Electric's unit GE Vernova, would be located at Duke's existing facilities in DeBary, the company said in a statement.
Germany Willing to Invest in Nigerian Gas
German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa.
China Supplier Meets Deadline on Uganda 'Smart' Oil Pipeline
EACOP will have the capacity to pump up to 230,000 bpd down a specially designed 897-milw (1,443-km) smart" pipe from western Uganda to the Indian Ocean coastline of Tanzania.
Opinion: European Oil Majors Lack Options, Value to Join US M&A Frenzy
The European majors could instead double down on investments that burnish their energy transition credentials.
Freeport LNG Gets Approval to Restart More of Texas Export Plant
A return to full operation would allow the plant, which shut for about eight months from June 2022 to February 2023 after a fire, to supply more LNG to global markets ahead of the winter heating season, when demand for natural gas soars in the Northern Hemisphere.
Three Baltic Gas Pipeline, Telecom Cable Incidents Are Related, Estonia Says
Finland on Friday said it had raised its risk assessment for gas supply security because of the damage to the Balticconnector Finland-Estonia pipeline, which operator Gasgrid has said could be out of commission until April or longer.
Opinion: Hydrogen Industry Held Back By Lagging Development Pace
Hydrogen bulls have taken a beating recently, with the International Energy Agency (IEA) cutting demand for the fuel in key forecasts and oil major Shell announcing job cuts and reduced scale in its hydrogen business.
Baker Hughes Raises Full-Year Revenue Forecast on Strong LNG Equipment Demand
Baker Hughes in recent years has benefited from a boom in global demand for LNG and the race to build new export terminals and the post-COVID recovery of oilfield activity.
Eni, Snam Italian Carbon Capture Hub Can Also Decarbonize Southern Europe
Speaking in the Italian city of Ravenna where the new carbon capture and storage hub will be based, Snam CEO Stefano Venier said high-polluting groups could find it more convenient to store their CO2 in the Italian hub than transport it to Norway, where there are some CCS sites already functioning.
Qatar LNG Flows Could Be Diverted from Europe, TotalEnergies CEO Says
TotalEnergies said on Thursday that liquefied natural gas (LNG) deliveries covered by a 27-year deal it signed with Qatar this month could be diverted to non-European countries if needed.
Shell to Scale Back Hydrogen Business, Cut Low-Carbon Workforce By 15%
Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.
Oil Rises 2% Amid Middle East Conflict Worries, Higher US Crude Inventories
Oil prices rose about 2% on Wednesday, buoyed by worries about conflict in the Middle East, but gains were capped by higher U.S. crude inventories and gloomy economic prospects in Europe.
Enverus: US Exxon, Chevron Megadeals to Spark Consolidation Across Energy Industry
Other deals in the third quarter included Permian Resources' $4.5 billion acquisition of Earthstone Energy, and Energy Transfer's $7.1 billion acquisition of pipeline rival Crestwood Equity Partners.
- 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
