Gas storage
Entergy Texas Plans New Natural Gas Power Plants to Address Growing Electricity Demand
Entergy Texas plans to build two new natural gas power plants, as it confronts burgeoning electricity demand in the southern state, the company said.
Enbridge Adds 21,000 Miles of Gas Pipelines to Network with Questar Gas Company Acquisition
Questar Gas's asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.
Verde Clean Fuels Taps Chemex Global for Natural Gas-to-Gasoline Facility Design
Verde Clean Fuels Inc. has enlisted Chemex Global LLC to lead the front-end engineering and design phase for a proposed natural gas-to-gasoline facility in the Permian Basin.
Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says
Japan's top city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said on Monday, as it aims to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer.
Chevron Australia Resumes Full LNG Production at Gorgon Facility
Chevron has resumed full LNG production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.
BP, Trinidad's NGC Receive U.S. License for Gas Development with Venezuela
British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.
Tellurian Plans to Use Gas Asset Sale Proceeds to Reduce Debt
LNG developer Tellurian will use most of the proceeds from the sale of its natural gas assets to Aethon Energy to pay off long-term debt, a company spokesperson said on Wednesday.
Aethon Energy to Acquire Tellurian's Upstream Assets for $260 Million
Aethon Energy said it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of LNG from Tellurian's Driftwood LNG plant.
Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
WTG's assets include a 6,000-mile pipeline network that serves the Midland Basin, eight processing plants with a total capacity of 1.3 billion cubic feet per day, and two new plants that are under construction.
Italy's Gas Pipeline Renaissance: A Strategic Move Towards Energy Dominance
Italy plans to actively develop its gas pipelines’ network in years to come with the intention of serving as the biggest gas hub in Europe and the entire Mediterranean region.
Conduit Power and Riley Permian Expand Partnership for ERCOT Power Sales
Plans include the construction of 100MW natural gas-fueled generation and battery energy storage systems across multiple West Texas facilities, slated for commercial operations by 2025.
OMV Warns Gazprom May Halt Gas Supplies
Austrian oil and gas group OMV said on Wednesday that gas supplies from Russia's Gazprom may be suspended in connection with a foreign court ruling, without identifying the case but assuring the market it would have replacement cover.
Piñon Midstream Boosts Sour Gas Capacity by 50% in Delaware Basin
Piñon Midstream has announced a significant increase in its sour gas treating capacity and an expansion of its infrastructure in the Delaware Basin.
Challenges to Growth Remain Key Story in Appalachian Basin
The Marcellus Shale and Point Pleasant-Utica Shale formations of the Appalachian Basin contain an estimated mean of 214 Tcf of undiscovered, technically recoverable continuous resources of natural gas, according to the United States Geological Survey.
RWE Gas Storage West Launches Inquiry for Hydrogen Storage Demand
RWE Gas Storage West has initiated a preliminary market survey, inviting hydrogen producers, users, industrial firms, and traders to register their future hydrogen storage requirements until June 2024.
Uzbekneftegaz in Talks to Join Azerbaijan's Shah Deniz Gas Project
Uzbek energy firm Uzbekneftegaz is in talks with Azerbaijan's SOCAR over joining a project to develop Shah Deniz, the largest gas field in the Azerbaijani section of the Caspian Sea, an Uzbek official said on Tuesday.
Phillips 66 to Acquire Pinnacle Midland for $550 Million
Pinnacle's assets include the Dos Picos natural gas complex with a processing capacity of 220 million cubic feet per day (MMcf/d), and 80 miles of pipelines.
UAE's ADNOC Acquires Stake in NextDecade's Rio Grande LNG Project
ADNOC has acquired an 11.7% stake in NextDecade's Rio Grande LNG export facility in Texas and entered a supply agreement, marking the UAE energy giant's first large investment in the United States.
Spotlight on Marcellus: Prolific Gas Play Keeps Rolling as Caution Persists
At the end of the first quarter of 2024, with natural gas prices depressed, the prolific Marcellus Shale gas play rolled along, albeit at a slower pace than usual with some producers cutting back production in March with a wait-and-see attitude toward prices.
QatarEnergy CEO: Qatar to Sign More Long-Term LNG Contracts This Year
Qatar has not had difficulty securing long-term liquefied natural gas contracts and will sign more this year, QatarEnergy CEO and State Minister for Energy Saad al-Kaabi said at an economic forum on Wednesday.
U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25
U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.
Enbridge Gas Invites Bids for Peak Storage at Dawn Hub
Enbridge Gas has announced a binding open season for peak storage services at the Dawn Hub storage facility, with service starting as early as April 1, 2025.
New Fortress Delays Start of Mexico's First LNG Plant to Late May
New Fortress Energy said on Wednesday it delayed the start of its Altamira LNG plant in Mexico to May and expects to export its first cargo in June after an incident a few days before the country's first LNG export plant was due to begin production.
Sinopec in Talks with Pembina Pipeline for LNG Offtake, Cedar LNG Stake, Sources Say
China's Sinopec is in discussions with Pembina Pipeline Corp. for an LNG offtake agreement and equity stake in the Canadian company's proposed Cedar LNG project, sources said.
Natural Gas Flows to Freeport LNG in Texas Reach Two-Month High
The amount of natural gas flowing to Freeport LNG's export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.
Kinder Morgan-Backed Gas Pipeline Expansion Prevails in U.S. Appeals Court Decision
The Kinder Morgan-backed Evangeline Pass Expansion project would expand existing pipelines to feed more fuel to Venture Global's Plaquemines liquefied natural gas export terminal in the Gulf of Mexico.
Energy Transfer Subsidiary Sunoco and NuStar Energy Merger Receives Green Light from Unitholders
The acquisition grants Sunoco access to NuStar's extensive transportation and storage infrastructure, encompassing approximately 9,500 miles of pipeline and 63 terminals.
Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of $6.9 billion in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.
Targa Resources Beats First-Quarter Core Profit Estimates on Higher Transportation Volumes
Targa Resources beat Wall Street estimates for first-quarter core profit, as the pipeline operator benefitted from higher volumes of natural gas liquids (NGL) transported through its system.
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Driven by Strong LNG Performance
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
