Gas
Mongolia to Decide on Gas Pipeline Route After Russia-China Cost Agreement
Mongolia will make a decision on which part of its territory will be used to construct the Russia-China gas pipeline once its neighbors reach an agreement on costs, the country's prime minister said.
Norway Does Not Fear EU Joint Gas-Buying Will Create Cartel
Europe's biggest natural gas supplier Norway is not worried the European Union scheme to buy gas jointly in global markets will create a buyers' cartel, its oil and energy minister said on Friday.
Venture Global LNG to Move Forward with Phase 2 of Plaquemines Export Plant
U.S. liquefied natural gas company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing.
Biden Administration Approves ConocoPhillips' $7 Billion Willow Project in Alaska
The Biden administration has approved a scaled-back version of ConocoPhillips' $7 billion oil and gas drilling project in Alaska. The department reduced the size of ConocoPhillips' proposal by 40% by denying two requested drill pads that will prevent the development of 11 miles of roads, 20 miles of pipelines, and 133 acres of gravel.
Brazil's Petrobras, Shell to Look for Joint Drilling Opportunities
Brazilian state-run company Petrobras and international oil major Shell will work together to identify potential opportunities to explore for and produce crude and natural gas, Petrobras said on Thursday.
Ecopetrol: With Reserves of Its Own, Colombia Does Not Need Venezuela's Gas
Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.
Ukraine to Jointly Buy Gas with European Union Countries
Ukraine will take part in the European Union scheme to jointly buy gas in global markets, to procure 2 billion cubic meters of the fuel ahead of next winter, the EU energy policy chief said on Thursday.
YPF CEO: Green Light for Argentina's Gas Project with Petronas to Come in 2024
Argentina's state-controlled energy firm YPF and Malaysia's Petronas expect to make a final decision next year on whether to invest in the first phase of a massive $60 billion natural gas project in Argentina, the head of YPF said on Wednesday.
Chevron CEO Says Natural Gas Markets Fundamentally Changed by War
The global natural gas market has been more fundamentally changed for the long term by Russia's invasion of Ukraine than the oil market, CEO Mike Wirth said on Monday.
Guyana Sees Natural Gas as The Next Frontier After Oil
Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday.
Chesapeake Signs 15-Year LNG Supply Deal with Gunvor
U.S. natural gas producer Chesapeake Energy Corp. said on Monday it would supply a unit of Swiss commodity trader Gunvor Group Ltd. with up to 2 MTPA of U.S. LNG for a period of 15 years.
New Fortress Plans to Start Producing LNG at Altamira, Mexico in July
U.S. company New Fortress Energy Inc. said on Tuesday it planned to finish building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing LNG there in July.
Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million
Calgary, Alberta-based pipeline operator Enbridge Inc. said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its LNG export business.
Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop
In January, an estimated 1.3 billion cubic feet of gas were burned from four flares at the Papan and Perdiz plants meant to process gas from Ixachi, satellite data shows, up from 1 billion cubic feet in November when the promise was made.
Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project
Tellurian Inc. is facing a new setback in a long-running effort to advance a $12.5 billion U.S. LNG export project. Commodities trader Gunvor Ltd. can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28.
Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy
U.S. LNG company Venture Global LNG has agreed to supply 0.7 million tonnes of LNG per annum to Excelerate Energy Inc. for 20 years. The LNG will be delivered to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana.
Harvest Midstream to Expand Gathering Infrastructure with Paradigm Midstream Acquisition
(P&GJ) — The North Dakota and South Texas assets are comprised of four wholly owned gathering systems known as the Charlson Gathering System, Van Hook Gathering System, Mountrail Gathering System, and Eagle Ford Gathering System. These systems consist of approximately 350 miles of trunk lines and gathering lines for oil, gas, and water.
Say ‘Aloha’ to New Trend of Hydrogen Blending with Hawaii Gas
(P&GJ) — While most of the naphtha is converted to methane, some hydrogen is produced in the steam reformer process, resulting in hydrogen concentrations of up to 10% to 15%. As natural gas utilities around the world look to hydrogen as a potential solution to decarbonization, the decades of experience Hawaii Gas already has with a hydrogen blend provide an insightful study into the performance of equipment using hydrogen blends.
EPA: US 2022 Power Plant Emissions Fell on Switch from Coal to Gas
U.S. power plant emissions of pollutants that harm human health and warm the planet fell last year as the industry continued a switch from coal to natural gas, the Environmental Protection Agency said on Friday.
FERC’s Pipeline, LNG Project Evaluations Looking at EJ
(P&GJ) — The Federal Energy Regulatory Commission (FERC) is devoting an increasing amount of attention and staff resources to the evaluation of impacts of interstate natural gas pipeline and LNG terminal projects on environmental justice (EJ) communities (that is, communities with disproportionately large minority and low-income populations).
ESG & Innovation: API Looks at Species, Habitat Conservation
(P&GJ) — The American Petroleum Institute (API) published a first-edition document focused on species and habitat conservation for onshore natural gas and oil production facilities that will help boost the industry’s existing practices to enhance environmental performance.
Trinidad to Begin Negotiations for Gas Deal with Venezuela in March
A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
EOG Resources Says Low Natural Gas Prices Not Changing Drilling Plan
U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy and Comstock Resources, have said this month they are pulling back on drilling after U.S. gas prices tumbled 50% this year.
China Gas Holdings Secures LNG Supply Deals with Venture Global for 40-Year Term
China Gas Holdings has agreed to two 20-year LNG supply contracts with U.S. exporter Venture Global, adding to a flurry of deals signed between China and the U.S. since 2021. It would buy a total of two million tonnes per year of LNG from Venture Global under the two contracts with supply set to kick off in 2027.
Abu Dhabi's ADNOC Looks to Raise Up to $2 Billion from IPO of Gas Unit
State oil giant Abu Dhabi National Oil Co. (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an equity valuation of $47 billion to $50.8 billion.
Cheniere Initiates Permit Process for Key Sabine Pass Project Expansion
Cheniere Energy Inc. on Thursday initiated an expansion permit process of LNG export capacity at its key Sabine Pass plant in Louisiana after the exporter topped revenue estimate on strong demand following Russia's invasion of Ukraine.
Wintershall Dea Looks Ahead After Closing Door on Russia
Oil and gas producer Wintershall Dea, fresh from pulling out of its long-term partnership with Russia, will focus on growing its production elsewhere and building up carbon management for the long-term future, it said on Thursday.
Diamondback Energy Targets At Least $1 Billion in Non-Core Asset Sale; Beats Profit Estimates
U.S. oil and gas producer Diamondback Energy Inc said on Wednesday it was increasing its non-core asset sale target to at least $1 billion by the end of this year from $500 million. Additionally, the shale producer announced it beat Wall Street expectations for fourth-quarter profit, as tighter energy supplies following Russia's invasion of Ukraine boosted crude prices.
Expanding Gas Infrastructure Presents Alternative to Permian Constraints
(P&GJ) — Oil is still serious business in the Bakken Shale, but when it comes to midstream, the money is on natural gas. As in the Permian Basin, oil production in the Williston has a high rate of associated natural gas. But the Bakken’s residual gas is rich in natural gas liquids (NGLs), and that requires infrastructure generally more akin to North Texas’ Barnett Shale than West Texas’ Permian.
Tokyo Gas Cuts Shareholder Returns to Invest in Decarbonization
Japan's Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions, the company said on Wednesday. The company will pay out 40% of profits from the current 50% from the next financial year, it said.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
