Business & Markets
Germany's August Global Investment Plans to Build Hydrogen Plant in Indonesia
Germany's Augustus Global Investment plans to invest $500 million in Indonesia's Aceh province to build a green hydrogen plant next year, its CEO Fadi Krikor said on Monday.
Guest Perspective Interview: Tackling CO2 Storage on the Gulf Coast
(P&GJ) — In this interview, Crescent Midstream CEO Jerry Ashcroft discusses his company's CO2 storage project near the Louisiana Coast, expected to accommodate up to 300 million tonnes of CO2, along with the associated new pipeline. The company presently possesses approximately 1,500 miles of pipeline within the Gulf Coast region.
Oil Leak Detected in Iran's Pipeline Between Kharg Island and Genaveh Port
An oil leak has hit a transmission pipeline linking Iran's Kharg island to the country's mainland port of Genaveh, the semi-official Tasnim news agency reported on Sunday, without specifying the magnitude of the spill.
Chevron LNG Workers in Australia Plan Industrial Action from Sept. 7
Unions representing workers at Chevron's two major Australian LNG complexes have said they will take industrial action from Sept. 7, a company spokesperson said on Monday, in an ongoing dispute over pay and conditions.
First US Gulf Offshore Wind Auction to Fuel Region's Green Hydrogen Push
The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy.
ProFrac Secures Legal Win in Halliburton Patent Battle Over Electric Fracking Tech
Halliburton failed to convince a U.S. federal jury on Thursday that a unit of rival oilfield services company ProFrac infringed its electric-fracking patents. E-frac uses electricity from natural gas or power grids to drive pumps instead of diesel fuel.
Brazil Mulls Tax Incentives for Green Hydrogen Projects
Brazil is mulling granting tax incentives for green hydrogen production, a key step for the energy sector to ignite renewable fuel projects and keep pace with international competitors investing in the sector, experts and sources told Reuters.
Equitrans Provides Root Analysis for 2022 Gas Leak at Pennsylvania Storage Facility
(P&GJ) — Equitrans Midstream Corp. has submitted information to the Pipeline and Hazardous Materials Safety Administration (PHMSA) regarding the root cause investigation and analysis related to the Rager Mountain Storage facility incident that occurred in November 2022.
Argentina Launches Tender for Vaca Muerta Pipeline Work to Move Local Gas Supply
Argentina has launched a tender for new works to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta shale production to the north of the country, a spokesperson for state-owned energy company ENARSA said on Friday.
Commonwealth LNG Partners with Baker Hughes to Enhance Louisiana LNG Facility
(P&GJ) — Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG's liquefied natural gas facility under development in Cameron Parish, Louisiana.
EIA: Natural Gas-Fired Power Rises in Florida’s Electricity Generation Mix
The agency noted that these new power plants have gained access to low-priced fuel due to the expansion of the Southeast U.S. pipeline network and the increased production of natural gas across the country.
Draft Environmental Study on Dakota Access Pipeline Expected in Fall
A U.S. court last year ordered the federal government to undertake a more intensive environmental study of the pipeline's route under a lake that straddles the border of North Dakota and South Dakota.
Trudeau Stands by Trans Mountain Expansion as Strong Investment Amid Challenges
Canadian Prime Minister Justin Trudeau said on Wednesday he was confident the Trans Mountain pipeline expansion was a solid investment and that interest is high among Indigenous groups who want to buy a share of the pipeline.
US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.
EU to Open Third Round of Joint Gas Buying in September
The European Union will open its third round of joint gas buying next month, as the bloc moves to secure supplies in preparation for another winter with scarce Russian gas.
Gazprom's First LNG Cargo Via Arctic Destined for China's Jingtang
An LNG cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.
Tropical Storm Harold Reduces Gas Flows at Cheniere's Corpus Christi LNG Export Plant
The amount of natural gas flowing to U.S. energy company Cheniere Energy's Corpus Christi LNG export plant in Texas was on track to decline on Wednesday, a day after Tropical Storm Harold hit South Texas.
Key Hearing for 2,000-Mile Carbon Capture Pipeline Begins in Iowa
Iowa residents living along the route of the U.S.'s largest proposed carbon capture and storage (CCS) pipeline told state regulators they were worried about possible ruptures and land takings at the start of a hearing that will determine the fate of the project.
Clearfork Midstream Expands Haynesville Gas System, Adds New Pipelines Across Louisiana and Texas
(P&GJ) — These expansions represent a system-wide capacity increase of approximately 65% since Clearfork’s acquisition of the assets in February 2022. In addition, the company has expanded its North Louisiana gathering footprint to the east and west, and is in construction on new gathering pipe further west into Panola County, Texas.
Fidelis New Energy to Develop Carbon Neutral Hydrogen Facility in West Virginia
(P&GJ) — Fidelis New Energy has made the strategic decision to establish its inaugural net-zero carbon hydrogen production facility, featuring FidelisH2 proprietary technologies, along with a data center campus and a greenhouse system in Mason County, West Virginia.
Asian Buyers May Seek U.S. LNG If Australia Worker Disputes Worsen, Analysts Say
Major Asian buyers of LNG could seek U.S. cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.
Cheniere Energy Strikes LNG Supply Deal with BASF
Cheniere Energy said on Tuesday it would supply 0.8 million tonnes per annum (MTPA) of LNG to Germany's BASF.
Iraq Oil Minister in Turkey to Discuss Resuming Northern Oil Exports
Iraq's oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister's office told Reuters on Monday.
China’s LNG Buyers Expand Trading After Adding More US, Qatari Contracts
China's LNG gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.
Shell Nigeria Investigates Possible Trans Niger Oil Pipeline Leak
Shell Plc's local unit is investigating a possible leak on its Trans Niger oil pipeline that traverses Bodo community in Nigeria's River state following an Aug. 18 report, a spokesperson said on Monday.
Hungary's MVM to Buy Gas from Turkey's BOTAS in 'Groundbreaking' Deal
Hungarian energy conglomerate MVM has agreed to buy about 300 million cubic meters of natural gas from Turkish energy company BOTAS.
Energy Transfer Seeks New LNG Export License After Extension Denied
Pipeline operator Energy Transfer on Friday requested a new and expedited export license for its proposed Lake Charles LNG plant in Louisiana, according to a filing with the U.S. Department of Energy (DOE).
Bakken Success Boosts Need for Gas Capture Innovations
(P&GJ) — While one of North Dakota’s top energy officials, Justin Kringstad, readily leads the cheers for his state’s success with industry in curbing the economic and environmentally harmful practice of flaring associated gas at well sites.
COFCO Brings Brazil's First Biodiesel Pipeline Online
The Brazilian unit of China's COFCO International started operating the South American country's first biodiesel pipeline connecting its plant in Rondonopolis, at the heart of Brazil's farm country, to nearby distributors.
Kinder Morgan's Tennessee Gas Pipeline Issues Force Majeure Amidst Fire Incident
Kinder Morgan unit Tennessee Gas Pipeline on Friday declared force majeure due to an explosion and fire caused by equipment failure at a compressor station near Centerville in Hickman County.
- 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
