Gas
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
Mid-Michigan Pipeline Completion Bolsters Natural Gas Reliability Across Five Counties
Consumers Energy has completed its Mid-Michigan Pipeline, upgrading 55 miles of natural gas pipeline to enhance reliability across five counties. The $1.5 billion project modernizes the gas delivery system just in time for winter.
Exxon Targets First LNG from $30 Billion Mozambique Project by 2030
Exxon Mobil projects the first LNG output from its $30 billion Mozambique project by 2030, with early site work slated to begin next year. The final investment decision is expected in 2026.
ADNOC L&S Signs $4.4 Billion Deal for 23 LNG, Ethane, and Ammonia Supertankers
ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers, primarily focused on LNG, with additional vessels for ethane and ammonia. These contracts with Chinese and Korean shipyards bolster ADNOC’s low-carbon energy shipping capacity.
TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand
TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.
Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline
Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.
Energy Transfer Receives 16 Bcf/d Natural Gas Requests Amid Growing Data Center, Power Needs
Energy Transfer reported a substantial increase in requests to connect over 90 power plants and data centers, with potential demand totaling up to 16 Bcf/d of natural gas. The surge is fueled by growth in data centers supporting AI, and pipeline proximity could allow Energy Transfer to capture a significant portion of this new demand.
EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance
The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.
Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says
The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.
Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant
Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.
Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch
Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.
Exxon Mobil to Sell Argentina's Vaca Muerta Assets to Pluspetrol
Exxon Mobil has agreed to sell its oil and gas assets in Argentina's Vaca Muerta shale formation to Pluspetrol, including five blocks in Neuquen province and its stake in pipeline operator Oldelval.
Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation
Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.
Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction
Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.
Canadian Natural Cuts Gas Drilling Targets as Prices Slide
Canadian Natural Resources will reduce natural gas drilling in 2024 as weak prices persist, despite stronger-than-expected third-quarter profits driven by oil sands production.
Britain's Centrica Secures 10-Year U.S. Gas Deal with Coterra to Bolster LNG Portfolio
British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio.
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Tokyo Gas in Talks to Acquire Stake in Woodside’s Louisiana LNG Project
Tokyo Gas is in talks with Woodside Energy to acquire a stake in the Louisiana LNG project, an ambitious U.S. Gulf Coast facility poised to convert U.S. shale gas into LNG for export. This potential investment aligns with Tokyo Gas’ strategy to secure long-term U.S. gas supplies.
Cheniere Boosts Annual Forecast as Corpus Christi LNG Project Nears Start
Cheniere Energy raised its annual profit forecast, citing strong demand for LNG and progress on its Corpus Christi expansion, expected to boost output by year-end. The top U.S. LNG exporter also reported increased third-quarter exports and higher spot prices in Asia, fueling its outlook for continued growth in global LNG markets.
OPAL Fuels Launches RNG Operations at Florida Landfill
This marks the company's eleventh operational RNG project and its second facility in the state. The landfill, owned and operated by Polk County’s municipal government, now supplies biogas for OPAL’s project, which produces and injects pipeline-quality RNG.
ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
ConocoPhillips is exploring the sale of over $1 billion in Permian shale assets, part of its strategy to streamline operations ahead of its Marathon Oil acquisition. The Houston-based oil and gas producer aims to raise $2 billion through asset sales.
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.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Traverse Pipeline Approved to Move 1.75 Bcf/d of Gas Along 160-Mile South Texas–Katy Route
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
