Gas
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.
Russia's May Pipeline Gas Exports to Europe Surge 39%, Data Shows
Russian energy giant Gazprom's average daily natural gas supplies to Europe in May rose by 7.3% from April and 39% year on year, Reuters calculations showed on Monday.
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.
Kremlin Confident Gas Pipeline Deal with China Will Be Reached
Russia said on Monday there was no doubt it would reach an agreement with China to build the new Power of Siberia 2 gas pipeline, after a Financial Times report said the deal had stalled over Chinese price demands.
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.
Trinidad Court Upholds ConocoPhillips' $1.3 Billion Claim Against Venezuela
A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela.
Southeast Asia's $220 Billion Gas Expansion Plans Could Hinder Energy Transition, Says GEM
Southeast Asian countries are planning to invest as much as $220 billion on a rapid natural gas expansion program that could slow the region's clean energy transition, research by Global Energy Monitor (GEM) showed on Thursday.
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.
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal Amid Ongoing Energy Mergers
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves.
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.
XCMG's Advanced Drilling Rig Overcomes Challenges in Serbia's Gas Pipeline Project
XCMG's advanced drilling rig, the XZ3600, triumphs in Serbia's gas pipeline project, conquering tough terrain and hard soil layers with ease.
Hess-Chevron Merger Vote Expected to Be Narrowly Approved
Hess Corp. CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp.
U.S. LNG Export Pause Creates Opportunities for Middle East Producers, Says Woodside CEO
A moratorium on new U.S. LNG export projects could open up opportunities for producers in the Middle East and Russia, but Western sanctions are curbing Moscow's ambitions to expand its global gas trade, a senior industry official said.
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.
Mexican Developer Seeks Permit to Export U.S. Gas for LNG Production
Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico's Pacific coast to produce up to 4 MTPA of LNG, the company said.
Mountain Valley Pipeline Expects WV-VA Natural Gas Pipe in Service by Early June
U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of "prior to June 1".
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.
ADNOC Buys 10% Stake in Mozambique LNG Project
ADNOC has acquired Galp’s 10% interest in the Area 4 concession of Mozambique’s Rovuma basin. This move is part of ADNOC’s strategy to expand its international presence and its lower-carbon LNG portfolio.
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.
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.
Pembina Pipeline Expects Investment Decision on Cedar LNG Project in June
Pembina Pipeline Corp. said on Thursday progress on its proposed $4 billion Cedar project remains on track and a final investment decision is expected in June on what would be one of Canada's first liquefied natural gas export terminals.
Global News May 2024
Latest industry developments from around the world!
Japan's JERA Plans $32 Billion Investment in LNG, Renewables, and New Fuels Over Next Decade
Japan's top power utility JERA said on Thursday it plans to invest $32.4 billion over the coming decade into renewable energy and new fuels such as hydrogen and ammonia, as well as LNG.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
