Gas
ONEOK’s Q3 Profit Surges 53% on Rocky Mountain NGL Demand; Annual Forecast Narrowed
ONEOK’s third-quarter profit rose 53%, driven by strong natural gas and NGL demand in the Rocky Mountain region. The pipeline operator narrowed its annual forecast, reflecting growth in its NGL and refined products segments and continued asset expansion.
U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
U.S. liquefied natural gas (LNG) exports could face setbacks if Donald Trump wins the election and imposes a proposed 60% tariff on Chinese imports, analysts say. The move may lead to trade tensions and reduce demand for U.S. LNG from China, affecting export growth.
EQT Sells Remaining Pennsylvania Natural Gas Assets to Equinor for $1.25 Billion
EQT Corp. has agreed to sell its remaining Pennsylvania natural gas assets to Equinor for $1.25 billion, with proceeds aimed at reducing debt following its recent pipeline acquisition. The transaction also expands Equinor’s U.S. production footprint in the Marcellus shale.
Phillips 66 Q3 Profit Surges on Midstream and Chemicals Growth
Phillips 66 reported a third-quarter profit surge, driven by strong performance in its midstream and chemicals segments, which helped offset lower refining margins amid softer fuel demand.
U.S. Natural Gas Prices Climb 3% On Cooler Weather, Despite Larger-Than-Expected Storage Build
U.S. natural gas futures climbed about 3% on forecasts for cooler weather and more heating demand, despite a bigger-than-expected weekly storage build.
AG&P LNG to Acquire Australia's Venice Energy, Develop South Australian Import Terminal
Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG has agreed to fully acquire Australian energy infrastructure developer Venice Energy and develop its Outer Harbor import terminal in South Australia.
U.S. Allocates $196 Million for Natural Gas Pipeline Modernization
The funding, part of President Biden's Bipartisan Infrastructure Law, will support 60 projects aimed at enhancing safety, reducing environmental harm, and lowering energy costs by replacing leak-prone pipelines.
Elliott Defends Citgo Offer in the Face of Creditors' Objections
Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "are deteriorating in value" and creditors will not get a better offer from others.
Evergy to Build Two Natural Gas Power Plants in Kansas Amid Rising Demand
Evergy plans to build two 705 MW natural gas power plants in Kansas, investing over $1 billion each, to meet rising electricity demand. The plants, expected to be operational by 2029 and 2030, will serve over 1.1 million customers.
Woodside Open to Supplying Japan with U.S. LNG
Australia's top energy firm Woodside Energy sees an opportunity to beef up LNG sales to Japan, including supply from the United States, where the company just bought Tellurian and its LNG export project, CEO Meg O'Neill said on Monday.
Energy Transfer Taps KBR, Technip to Build Louisiana LNG Plant
Energy Transfer has signed a preliminary agreement with KBR and Technip Energies to construct the Lake Charles LNG plant, pending a final investment decision. The project, in development since 2015, requires additional permits and customer agreements to move forward.
New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output
The Matterhorn Express pipeline, the first new natural gas pipeline in the Permian Basin in three years, is alleviating gas bottlenecks and boosting oil production by freeing up gas flow to Gulf Coast export hubs. This new capacity is expected to significantly increase shale output in west Texas.
Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation
Cheniere Energy moves closer to starting production at its Corpus Christi Stage 3 LNG export facility in Texas, receiving federal approval for key operations. The expansion will add around 10 million metric tons per year to U.S. LNG export capacity.
Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
Phillips 66 will shut down its Los Angeles oil refinery next year, ceasing gasoline and diesel production. The move raises concerns over California’s fuel supply, which already struggles with high prices and limited refinery capacity.
Snam to Invest $16 Billion to Ready Gas Grid for Green Fuels, Hydrogen, Biomethane
Italian gas operator Snam plans to invest $15.8 billion to prepare its infrastructure for green fuels like hydrogen and biomethane, as part of its energy transition strategy. The company aims to repurpose much of its network to support decarbonization efforts across Europe.
ExxonMobil Explores Sale of Bakken Shale Assets in North Dakota
ExxonMobil is exploring the sale of a portion of its assets in North Dakota's Bakken shale, which includes over 800 wells across 49,000 net acres. The sale, part of Exxon's strategy to focus on high-growth assets, could fetch upwards of $500 million.
India Sets $67 Billion Goal to Expand Gas Pipeline Network by 9,630 Miles
India is poised to nearly double its gas pipeline network by investing $67 billion over the next five years. Key projects include the Jagdishpur-Haldia Phase II pipeline and infrastructure developments in the northeastern states.
U.S. Northeast Outlook: Permitting Reforms Seen as Crucial to Region’s Energy Woes
The state of Massachusetts earlier in 2024 joined its fellow New England states, along with Delaware, Maryland, New Jersey and New York in signing a memorandum of understanding (MOU) to establish a framework for coordinating their activities to improve interregional transmission planning and development.
Projects October 2024
Explore the latest updates in pipeline and gas infrastructure, featuring new systems, expansions, and innovative developments shaping the industry. Stay informed on significant projects that enhance operational efficiency and drive growth in the energy sector.
Federal Court Slaps FERC’s Hands on Project Approvals
According to the Interstate Natural Gas Association of America (INGAA), 2023 saw the smallest increase in added interstate pipeline capacity on record in the United States.
Venture Global Delays LNG Deliveries to Italy's Edison Until 2025
Italian energy group Edison said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.
Phillips 66 Sells Swiss Venture Stake for $1.24 Billion, Targets $3 Billion in Divestitures
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday.
TotalEnergies Expands LNG Bunkering Fleet with New Vessel Charter
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new liquefied natural gas (LNG) bunkering vessel, increasing the company’s global LNG bunkering capacity.
Building a Better Mousetrap for Coating Pipeline Girth Welds
The pursuit of building a better mousetrap can often pay off in big ways in terms of efficiencies. Such a productivity payout was the goal for finding a better solution for coating pipeline girth welds in the field – a solution that would speed up the coating process per weld.
Fatal Gas Leak at Pemex’s Texas Refinery Kills 2, Sparks Investigations
A deadly gas leak at Pemex's Texas refinery in Deer Park claimed two lives and injured 35 workers, prompting investigations into the cause. The accident, which released toxic hydrogen sulfide gas, has sparked concerns about safety protocols at the Mexican state-owned refinery.
U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.
Federal Court Rejects Four New Pipeline Safety Rules
Not only has the D.C. Federal Court of Appeals upending FERC decisions, but it has also now injected itself into Pipeline and Hazardous Materials Safety Administration (PHMSA) decisions.
Canadian Natural Gas Producers Flood Market With Surplus, Tempering LNG Price Boost
A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said.
Inpex: Ichthys LNG Train 2 Restarts, Train 1 to Reach Full Operations by November
Train 2 at Australia's Ichthys LNG restarted operations on Oct. 9, project operator Inpex Corp. said in an emailed statement on Friday, after it was previously taken offline for inspection and repair works.
Gas Pipeline Connected to Exxon's FPSOs in Guyana, Completion Expected by Year-End
A pipeline that would allow Guyana to bring natural gas produced by an Exxon Mobil-led consortium to shore has been connected to two of the project's floating production platforms, Exxon's head for Guyana was reported as saying on Wednesday.
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Diversified Energy Closes $42 Million Summit Natural Resources Acquisition
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
