Business & Markets
Hyphen and Namibia Agree Next Phase of $10 Billion Green Hydrogen Project
Hyphen Hydrogen Energy has agreed a deal with the government of Namibia for the next phase of a $10 billion green hydrogen project that will export to Europe once complete, the two parties said on Wednesday.
Mexico Energy Regulator Gives Natural Gas 'Clean' Label, Drawing Criticism
A move by Mexico's energy regulator to declare some natural gas-fired power as "clean" drew criticism from environmental groups that say the change will not help the country reach its clean energy targets.
FERC Approves TC Energy's US-Mexico North Baja Natural Gas Pipeline Expansion
Canadian pipeline operator TC Energy Corp.'s North Baja Pipeline LLC unit has received permission from U.S. energy regulators to put the North Baja natural gas pipeline expansion in Arizona and California into service.
Pembina Pipeline, Marubeni to Partner on Low-Carbon Ammonia Export Project
(P&GJ) — Initial feasibility studies have been completed and the facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia.
Source: QatarEnergy to Sign Long-Term Asian LNG Supply Deal on Thursday
QatarEnergy will sign a long-term LNG supply deal with an Asian entity on Thursday, a source with direct knowledge of the matter told Reuters.
ConocoPhillips to Buy Rest of Canada's Surmont Oil Site, Bumping Suncor
ConocoPhillips said on Friday it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.
As Gas Reserves Wane, Philippines Faces Rising Costs in Switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing LNG, creating a fresh headache for a government struggling to curb high inflation.
Venezuela, Trinidad to Meet Again in June to Discuss Dragon Gas Project
Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas, according to three sources familiar with the matter.
Biden, McCarthy Debt Deal Could Speed Up Mountain Valley Gas Pipeline Project
Streamlined federal approval for the 303-mile (488-km) project was placed into the text of the budget deal between U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy that may end the debt limit crisis.
Pipeline Operator TC Energy Seeks US Approval to Put US-Mexico Gas Pipeline in Service
Canadian pipeline operator TC Energy Corp.'s North Baja Pipeline LLC unit asked U.S. energy regulators on Thursday for permission to put parts of the North Baja natural gas pipeline expansion in Arizona and California into service.
CorEnergy to Sell MoGas, Omega Pipeline Systems to Spire for $175 Million
(P&GJ) — CorEnergy Infrastructure Trust, Inc. has entered a deal to sell its MoGas and Omega pipeline systems to Spire Inc. for approximately $175 million in cash, the company said on May 25. The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois.
Sources: Four Bidders Vie for Stake in Exxon LNG Terminal in Italy
Four international groups are competing to buy Exxon Mobil Corp.'s majority stake in an LNG terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around $881 million.
PetroChina, BP Awarded 20-Year Access to Europe's Gate LNG Terminal
PetroChina International and energy giant BP have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.
Air Products Signs $1 Billion Deal for Gas Processing Facility in Uzbekistan
Industrial gases maker Air Products and Chemicals said on Thursday it had signed a $1 billion deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.
Iraq Oil Minister: Saudi Aramco to Develop 400 MMcf/d Iraqi Gas Field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani said on Thursday.
Shale R&D Cuts Cast Shadow on Future of US Oil Production
Shale technology advances that propelled the U.S. to the top global oil producer spot with world-beating growth rates are falling fewer and farther between as drilling budgets shrink and with them, the research and development that might deliver the next great leap.
Canada Natural Gas Exports to US Back at Levels Seen Before Alberta Wildfires
Canadian natural gas exports to the U.S. this week returned to levels seen before wildfires in Alberta and other western provinces over the past three weeks forced producers to shut oil and gas wells and cut the amount of fuel flowing in pipelines.
Oil Rises as US Gasoline Supplies Tighten, Saudi Says: 'Watch Out'
Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts.
Higher LNG Exports to Drive Up US Natural Gas Prices, EIA Projects
Increasing exports of U.S. LNG through 2050 will raise domestic prices for natural gas, the Energy Information Administration (EIA) said on Wednesday.
US Offers Oil, Gas Drilling Rights in First Auction Since Biden's IRA
Biden's Interior Department had attempted to suspend federal oil and gas leasing to study its environmental and climate impacts, but the Inflation Reduction Act that passed last year requires some oil and gas auctions if federal rights of way are offered for renewable energy projects.
Pipeline Operator Energy Transfer Slams US Denial of LNG Extension, Seeks Rehearing
Pipeline operator Energy Transfer slammed the U.S. Department of Energy's denial of an export-permit extension to its Louisiana LNG export project in a DOE filing, seeking a rehearing.
TotalEnergies Prepares for Mozambique LNG Restart
French energy company TotalEnergies will make good on an action plan to address the rights of residents near its Mozambique LNG project over the summer, the oil major said on Tuesday, taking a step closer towards a restart.
EIA: Texas, New Mexico Led US Crude Oil Production Last Year
(P&GJ) — U.S. crude oil production grew 5.6%, or 0.6 million bpd, in 2022 compared with 2021, averaging 11.9 million bpd, according to the U.S. Energy Information Administration (EIA). The two states the Permian Basin spans—Texas and New Mexico—contributed the most growth to U.S. crude oil production in 2022.
PetroVietnam Gas Signs Deal for First LNG Cargo from Shell Eastern Trading
PetroVietnam Gas said on Tuesday it had signed a contract to buy Vietnam's first LNG cargo from Singapore-based Shell Eastern Trading.
US Permian Natural Gas Flaring Could Rise in 2024, Report Shows
Natural gas flaring in the top U.S. shale basin is poised to increase next year, a report released on Tuesday projected, as the region's output exceeds available pipeline capacity.
Comet Ridge, Jemena Ink Deal for Mahalo North Gas Pipeline
(P&GJ) — Under the deal, Jemena will immediately undertake a pre-FEED study of a Jemena-owned and operated high-pressure gas transmission pipeline of approximately 73 km (45 miles) from the Mahalo North Gas Project to Jemena’s Queensland Gas Pipeline (QGP).
Iraq's Kurdish Oil Output Falls as Pipeline Outage Continues
Oil production in Iraq's Kurdistan region continues to drop as export flows to Turkey's Ceyhan port show few signs of restarting after a stoppage that has lasted almost two months.
Finland's Gasum Terminates Gazprom Pipeline Gas Contract
Gasum has terminated a contract to buy natural gas from Gazprom Export via pipelines from Russia. Gazprom ceased pipeline-based natural gas deliveries to Gasum in May 2022 in a dispute over payments, and the two sides had been in talks to resolve the matter.
Top US Oil-Export Port Launches Search for New CEO
Officials at the Port of Corpus Christi, the largest U.S. oil-export port by volume, on Wednesday said they intend to appoint an interim chief soon and to begin a search for a new CEO.
Greece's Alexandroupolis Port Gets $26 Million in EU Funding
The port is expected to become an important entry point for energy to Europe. Greece and Bulgaria have also been looking to revive a pipeline project to transport crude oil from the port to Bulgaria's Black Sea port of Burgas.
- 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
