Gas

TC Energy's Coastal GasLink Seeks $737 Million from Contractor Over Project Delays

Coastal GasLink, a Canadian natural gas pipeline partnership operated by TC Energy, is seeking C$1.2 billion ($737 million) from one of its main contractors for construction delays and may be liable for a similar amount if an arbitrator rules against it, court documents showed ahead of a hearing this month.

Occidental Petroleum to Acquire Permian Oil, Gas Producer CrownRock for $12 Billion

Occidental Petroleum said on Monday it would buy Permian basin-focused energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. oilfield.

Serbia Launches Gas Pipeline Interconnector with Bulgaria, Diversifying Supplies

Serbia on Sunday completed the interconnector to a pipeline in Bulgaria, which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.

Inpex, JERA Urge FERC to Approve Venture Global's CP2 LNG Project in Louisiana

JERA's letter to the U.S. Federal Energy Regulatory Commission (FERC) dated Friday, which followed Inpex's letter on Thursday, reiterated the role of the CP2 LNG project in securing Japan's energy supply.

Venezuela Urges BP, Chevron, and Shell to Revive Offshore Gas Project Amid Territorial Dispute

The request to act on blocks that have not been touched in more than a decade comes amid an escalating territorial dispute with Guyana that has rattled the country and led to an emergency meeting of the United Nations Security Council.

Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.

DT Midstream Reaches Early Mechanical Completion of LEAP Phase 2 Expansion

(P&GJ) — DT Midstream Inc. has reached early mechanical completion of its Phase 2 LEAP Gathering Lateral Pipeline expansion. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024.

Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy

Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.

Shell Shortlists CNOOC and Vitol for Singapore Assets Sale

Shell has shortlisted at least four companies including state-run China National Offshore Oil Corp. (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.

Venture Global LNG Expects Extended Start-Up at Second Plant, Says CEO

A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest, CEO Mike Sabel told Reuters.

Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand

Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.

Revenues of Russia's Top Oil and Gas Producers Fall 41% in First 9 Months of 2023

The revenues of Russia's largest oil and natural gas producers dropped by 41% in the first nine months of the year, the central bank said in its financial stability review, as export volumes and prices declined.

Williams Becomes Third Largest DJ Basin Gatherer with Cureton Front Range, RMM Acquisitions

(PGJ) — Williams secures the third-largest DJ Basin gathering position by acquiring Cureton Front Range LLC, including gas gathering pipelines and two processing plants, and 100% ownership in Rocky Mountain Midstream Holdings LLC.

APGA Continues Focus on Advocacy of Natural Gas

(P&GJ) – Formed in 1961, the American Public Gas Association (APGA) has played an instrumental role in the operations of more than 700 member companies in 36 states ever since, by representing its members before Congress and other federal agencies through careful assembling of regulatory and legislative positions.

Occidental in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.

Kyiv Proposes Reversing Trans-Balkan Gas Pipeline Flows Through Ukraine

Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.

Cambodia Scraps Coal Power Project to Build Gas-Fired Plant, Import LNG

Cambodia has abandoned plans to build a $1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.

Canadian Oil, Gas Producers Plan to Drill 8% More Wells in 2024, Riding Pipeline Expansion Wave

Canadian oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines, with the Trans Mountain oil pipeline expansion due to open, an industry group said in an annual forecast on Friday.

Eni to Invest $10 Billion in Ivory Coast's Baleine Field for Oil and Gas Development

The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.

CEZ Books 2 Bcm Capacity at German LNG Terminal

Czech majority state-owned utility CEZ has agreed to book 2 billion cubic meters (Bcm) of annual capacity at the Stade LNG terminal in Germany from 2027, Prime Minister Petr Fiala said on Thursday.

Balticconnector Gas Pipeline to Expand Transmission Capacity Post-Repair

The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.

TC Energy Receives FERC Approval for Virginia Reliability Project

Columbia Gas Transmission’s Virginia Reliability Project (VRP) is an expansion project that would replace two existing segments of the pipeline system to continue reliable and abundant natural gas supply.

Venezuela Close to Approving Offshore Gas License with Trinidad, Shell

Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said.

ConocoPhillips' $8 Billion Willow Project Approvals Upheld by US Judge

A federal judge in Alaska upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic on Nov. 9, rejecting environmental and indigenous groups' concerns that the project poses too large of a climate threat.

EU Sues Poland Over Restrictions in Cross-Border Trade of Natural Gas

The European Commission on Thursday said it is suing Poland over measures imposing additional costs in cross-border trade of natural gas.

DOE Rejects Repsol's Bid to Reopen Approval for Venture Global LNG Export Plant

The U.S. Department of Energy (DOE) on Tuesday rejected for a second time oil major Repsol SA's request to reopen regulators' approval of Venture Global LNG's Calcasieu Pass export plant in Louisiana.

North Dakota Natural Gas Output Hits Record High in September, Flaring Edges Up

Natural gas production in North Dakota rose to a record 3.440 billion cubic feet per day (Bcf/d) in September from an all-time high of 3.313 Bcf/d hit in August, while gas flaring also edged up.

M6 System Expansion Nears Completion, Set to Enhance Gulf Coast Connectivity

(P&GJ) — A critical aspect of the M6 system expansion is the completion of the New Generation Gas Gathering (NG3) project, expected in 2024. This project will add approximately 275 miles of natural gas gathering pipelines and 2.2 Bcf/day of capacity to premium Gulf Coast and LNG markets, playing a pivotal role in serving the Gulf Coast market.

TotalEnergies CEO Predicts Continued Gas Market Volatility Until New Supply Emerges

The CEO of French energy giant TotalEnergies said on Tuesday that the LNG market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.

Mach Natural Resources to Buy Anadarko Basin Assets for $815 Million

Mach Natural Resources said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from privately-held Paloma Partners for $815 million in cash.