Gas storage

Endesa's CEO Optimistic About $585 Million Nigerian LNG Contract Arbitration

Endesa CEO Jose Bogas said on Wednesday he was optimistic about the outcome of a $585 million arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

Qatar's LNG Expansion Plans Set to Squeeze Out U.S., Rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts said.

Pipeline Firm ONEOK Posts Higher Fourth-Quarter Profit on Strong Volumes

ONEOK, which has about 50,000-mile long network of pipelines, said its Rocky Mountain region natural gas liquids (NGL) raw feed throughput volumes rose by 20%, compared to last year.

Qatar Expands Gas Output Amid Plummeting Global Prices

Qatar will further raise gas production despite a steep drop in global gas prices, pushing ahead with plans to extract more of the resource amidst fierce competition with rivals such as the United States.

U.S. Regulators Set April Deadline for Decision on Venture Global LNG Permit Extension

U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas developer Venture Global LNG's request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana.

Chesapeake Plans to Cut Output, Spending Amid Oversupplied Natural Gas Market

Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.

Chesapeake Energy Beats Q4 Profit Estimates Amid Lower Expenses, Production Decline

Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the natural gas producer saw a steep decline in its operating expenses.

Guyana's $1.9 Billion Gas-to-Power Project Pushed to 2025

Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using untapped gas to slash electricity costs, a Ministry of Natural Resources consultant said on Tuesday.

CenterPoint Energy to Sell 12,000-Mile Pipeline Network in Louisiana, Mississippi for $1.2 Billion

CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business.

EQT Misses Quarterly Profit Estimates on Lower Prices, Plans Moderate Drilling Expansion

EQT Corp., the largest U.S. natural gas producer, missed fourth-quarter profit estimates on Tuesday, as higher sales volumes were offset by lower gas prices.

EU Sees No Need to Extend Deal on Russian Gas Transit via Ukraine

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year, the bloc's energy policy chief said on Thursday.

Equinor Signs 15-Year LNG Deal with India's Deepak Fertilizers

Norway's Equinor said on Monday it had signed a 15-year agreement to supply liquefied natural gas (LNG) to India's Deepak Fertilizers from 2026.

El Niño Drives Real U.S. Gas Prices to Multi-Decade Low

Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.

Pipeline Operator TC Energy Beats Profit Estimates on High Gas Demand

North American pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, boosted by high demand for transporting natural gas.

Venture Global LNG Presses Regulators to Approve CP2 LNG Project

U.S. liquefied natural gas (LNG) developer Venture Global LNG on Thursday asked federal regulators to approve construction of its controversial Calcasieu Pass 2 export plant at their meeting next month.

U.S. House Set to Vote on Bill Reversing Biden's LNG Export Pause

The U.S. House was expected to vote on Thursday on a bill that attempts to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports.

Spotlight on Bakken: Gas Expansions Offer Alternative to Permian Constraints

Fueled primarily by U.S. production growth concentrated around the oil-generating geology of North Dakota, the Williston Basin’s midstream footprint has expanded according to the region’s evolving needs.

Williams Companies Beats Profit Estimates, Forecasts Higher 2024 Core Profit

Williams Companies beat estimates for fourth-quarter profit on Wednesday, as it benefited from strength in its transmission and Gulf of Mexico unit, and the pipeline operator also forecast a higher core profit for this year.

EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline

EIG's MidOcean Energy secures 20% stake in Peru LNG, which includes a natural gas liquefaction plant, a 254-mile pipeline, storage tanks, a marine terminal, and a truck loading facility.

Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin

Chesapeake Energy has entered a long-term LNG export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.

National Grid, Constellation Energy Agree on LNG Supply Deal for Massachusetts Facility

Britain's National Grid on Friday said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Venture Global and Grain LNG Ink 16-Year Deal for LNG Supply to UK

Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for sixteen years beginning in 2029-equivalent of up to 5% of average U.K. gas demand.

Shell Commits to Developing Nigeria Gas Field to Supply Dangote Fertilizer Plant

Shell has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man Aliko Dangote, the company said in a statement.

Guest Perspective: Aramco’s Best of Both Worlds

Saudi Aramco’s energy strategy should teach The West a lesson: invest in hydrocarbons now. Not only is oil and gas crucial for near- and medium-term energy security and affordability, but there is also a huge amount of money to be made that can be put toward the transition.

TotalEnergies to Acquire OMV's Malaysian Gas Assets for $903 Million

TotalEnergies has entered into an agreement with OMV for the acquisition of OMV's 50% interest in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator.

Poland's Gaz-System Chooses Mitsui O.S.K. Lines for LNG Regasification Unit

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit (FSRU), it said on Thursday.

Using Dry Gas Sealing Solutions to Drive Energy Efficiency

Natural gas is widely considered the bridge fuel in the transition from hydrocarbons to renewables like wind, solar and geothermal. And centrifugal compressors play a critical role in efficiently transporting the large volumes of natural gas used as a feedstock and fuel source in industries ranging from oil and gas to petrochemicals to LNG.

Algeria's Sonatrach, Britain's Grain LNG Sign 10-Year LNG Deal

Grain LNG said on Wednesday it had signed a 10-year deal with Sonatrach to extend the Algerian company's long-term storage and redelivery capacity at Europe's largest LNG import terminal beyond January 2029.

Former Sempra Energy Chief Behind Efforts to Salvage Driftwood LNG Project

U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.

MPLX Exceeds Q4 2023 Expectations with Surge in Pipeline Volumes

Midstream energy company MPLX on Tuesday reported higher fourth-quarter earnings, beating expectations, as its pipelines transported an increased volume of energy products.