Business & Markets
Singapore to Conduct Feasibility Study on Proposed Hydrogen Export Pipeline from Malaysia
The study will focus on the transport of "low carbon hydrogen" via a pipeline between the Malaysian state of Johor and City Energy's Senoko gasworks plant, City Energy's Chief Executive Perry Ong told reporters.
Germany to Complete Gas Pipeline Link While Building Up LNG Import Terminals
Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas after Russia invaded Ukraine last year.
Chinese Vessel Accused of Finnish Gas Pipeline Damage Also Investigated for Underwater Cable Damage
Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia under the Baltic Sea were broken. Another telecoms cable, between Sweden and Estonia, was also damaged that night.
TotalEnergies to Take FID on New Mozambique LNG Terminal in 2024
The Matola terminal could become South Africa's first major LNG supplier at a time when the government wants to significantly expand its domestic gas market.
Column: Italy's LNG Deal with Qatar Shows How Hard It Is to Quit Gas
Italy's ENI SpA signed a deal this week to purchase up to 1 million tonnes of LNG annually from QatarEnergy for the next 27 years, locking in gas flows to Southern Europe's largest economy until at least 2050.
WBI Energy's North Dakota Natural Gas Pipeline Expansion Gets FERC Approval
(P&GJ) — For the project, WBI Energy will construct approximately 60 miles of 12-inch natural gas pipeline and ancillary facilities to Wahpeton from an existing compressor station at Mapleton, North Dakota.
U.S. Picks 31 Regional Hubs to Spur Tech Innovation
The Biden administration on Monday named 31 U.S. regional technology hubs from 370 applicants, making the areas eligible for $500 million in federal funding to help spur innovation across various sectors.
Indigenous Group Files Emergency Application to Halt Santos Gas Pipeline Offshore Australia
Australia said on Tuesday it was reviewing an emergency application by an indigenous group seeking to block pipeline construction on Santos Ltd.'s $3.6-billion Barossa gas project off northern Australia.
Poll: 68% of Canadians Oppose Government's $20 Billion Writedown on Trans Mountain Pipeline
More than two-thirds of Canadians oppose the federal government taking a multibillion-dollar writedown on the Trans Mountain pipeline, a survey showed on Tuesday, a dilemma for Justin Trudeau's Liberals as they look to sell it ahead of an election expected by 2025.
Construction of Mongolian Part of Russian Gas Pipeline to China May Start in Early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.
Singapore LNG to Develop Country's Second LNG Terminal
Singapore LNG Corp. (SLNG) will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5 million tons a year, it said on Tuesday.
Finland Says Gas Pipeline Likely Broken by Ship Dragging Anchor
Damage to a Baltic Sea gas pipeline earlier this month is believed to have been caused by a ship dragging a large anchor along the seabed, but it was too early to tell if this was an accident or a deliberate act, Finnish police said on Tuesday.
U.S. Hydrogen Tax Credits Trigger Disputes Among Senate Democrats
Ten Senate Democrats will ask President Joe Biden's administration not to include strict rules guiding use of clean hydrogen tax credits that the Treasury Department is due to release by the end of the year, according to a draft of a letter seen by Reuters on Wednesday.
Significance of API 1164 in Safeguarding Pipelines
(P&GJ) — Digital connectivity comes at a steep cost: security. Hardly a news cycle goes by without word of a cyberattack compromising sensitive data. Yet, the proverbial genie is already out of the bottle.
Algeria's Sonatrach Plans $1 Billion Project for Natural Carbon Storage
Algeria's state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria's Ennahar TV reported on Monday, citing Energy Minister Mohamed Arkab as saying.
Pipeline-Bound RNG Production Facility Construction Kicks Off in New Jersey
(P&GJ) — South Jersey Industries, OPAL Fuels Inc., and Atlantic County Utilities Authority have announced that construction has commenced on a new RNG production facility (Atlantic RNG) located at ACUA’s solid waste landfill in Egg Harbor Township, New Jersey.
Mountain Valley Pipeline Completion Pushed to First-Quarter 2024, Costs Rise to $7.2 Billion
(P&GJ) — Mountain Valley Pipeline LLC has redefined its timeline for completing the Mountain Valley Pipeline (MVP) project, now aiming for a startup in the first quarter of 2024, the company announced in a regulatory filing with the Securities and Exchange Commission on Oct. 18.
A Tale of Setbacks as Venezuela's Citgo Heads to U.S. Auction
For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars in claims. But on Monday, a U.S. judge will kick off an auction expected to place the Houston-based company in the hands of rivals or investors.
Oil Drops After Hamas Releases U.S. Hostages
Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region and disrupting oil supplies.
Trafigura Seeks to Charter Tanker for Exporting Venezuelan Fuel Oil
Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, according to two people with knowledge of the deal, a move that follows this week's easing of U.S. sanctions on the OPEC country's energy industry.
Williams’ DJ Basin Move May Signal New Investments
(P&GJ) — Early in 2023, Tulsa-based energy infrastructure giant Williams wasted no time in announcing that it had acquired MountainWest Pipelines Holding Company from Southwest Gas Holdings, in a transaction that included $1.07 billion in cash and $430 million in assumed debt, for an enterprise value of $1.5 billion.
Opinion: Chevron’s $53 Billion Deal Is a Risky Imitation of Exxon's Strategy
Chevron has decided, like Exxon Mobil, that it’s better to discover oil on the New York Stock Exchange than drilling in the ground. The $318 billion oil giant said Monday it would buy New York-based Hess for $53 billion in an all-stock deal.
Chevron to Buy Hess for $53 Billion in All-Stock Deal
Chevron agreed to buy U.S. rival Hess Corp. for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
Africa Leads the Way in Rapid Expansion of Floating Gas Facilities Amid Rising European Demand
Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible, analysts and energy companies told Reuters.
Russia’s Gazprom Working on Infrastructure Design for Far Eastern Gas Pipeline to China
Russian energy giant Gazprom said on Thursday that it was working on the design of infrastructure for a gas pipeline from the Sakhalin region in Russia's Far East to China.
Editor’s Notebook: ‘Peace Pipeline’ Project Appears Dead
At least for a while over the last couple of decades, the Iran-Pakistan (IP) gas pipeline was perceived by some as something that would bring at least a measure of harmony to Pakistan’s relationship with Iran. However, once again, the project has been shelved – this time apparently under U.S. pressure.
Canadian Regulator Approved Trans Mountain Pipeline Route Change Over Delay Concerns
The Canada Energy Regulator (CER) said on Friday that it approved a route change application for the expansion of the Trans Mountain oil pipeline because continuing to use micro-tunneling construction techniques could delay completion by at least 10 months.
Navigator CO2 Ventures Cancels 1,300-Mile Carbon Pipeline Project in U.S. Midwest
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said, citing "unpredictable" state regulatory processes.
U.S. Gulf Coast Oil Patch Gets Lucky, So Far, in Busy Hurricane Season
A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.
Oil on Track for Second Week of Gains on Gaza Contagion Fears
Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions.
- 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
