Storage

Gas Producer Energean Is Looking to Increase Israel FPSO Capacity, CEO Says

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 Bcm a year, CEO Mathios Rigas told Reuters on Thursday.

IPC CEO Urges Canada to Offer More Funding to Build Carbon Capture

International Petroleum Corp., the first foreign oil company to sanction a project in Canada's oil sands in more than a decade, could add carbon capture and storage (CCS) to the plant if more government financial incentives become available, its CEO told Reuters.

Factbox: Carbon Capture and Storage Projects Across Europe

Efforts to remove carbon dioxide (CO2) emissions from industry and store them in underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.

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.

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.

IEA's Birol Warns of Tighter Energy Supply Next Winter

International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new LNG is coming to the market while China's consumption is set to rise this year.

Enagas: Number of Ships Loading LNG in Spain Doubled in 2022

The number of ships loading LNG in Spain and taking it across Europe doubled in 2022 compared with the previous year, helping ease the energy crisis driven by Russia's invasion of Ukraine, gas grid operator Enagas said on Thursday.

Bankruptcy at European Storage Terminal Supports Tank Storage Rates

The bankruptcy of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.

Explainer: Oil Storage Situation in Canada, US After Keystone Spill

Days after TC Energy Corp.'s Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.

Major Oil Pipeline Outage to Hit US Stockpiles, Refinery Supplies

An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said on Friday.

Netherlands to Spend Up To $548 Million to Fill Gas Storage for Next Winter

The Dutch government expects to spend up to $548.4 million to sufficiently fill the gas storage at Bergermeer, one of Europe's largest, in the winter of 2023-2024.

API Publishes Two Updated Standards for Underground Natural Gas Storage

(P&GJ) — The American Petroleum Institute released two second-edition standards on Nov. 29 for natural gas storage in underground salt caverns and depleted hydrocarbon and aquifer reservoirs to help ensure a safe and reliable energy supply.

Carbon Capture Not Ending Pipeline Woes

(P&GJ) — With growing demand and government incentives to develop more carbon capture and sequestration (CCS) capacity, some of the biggest U.S. pipeline projects now on the drawing board are designed to transport CO2 from source to storage.

Equitrans Expects to Stop Pennsylvania Gas Leak in Next Couple of Days

U.S. energy company Equitrans Midstream Corp. said on Thursday it expected to stop a natural gas leak at its Rager Mountain storage facility in Pennsylvania in the next couple of days.

Mexico In Talks with US Storage Providers to Set Up Gas Reserve

Mexico is in talks with U.S. storage providers to create a strategic gas reserve that could be used in emergencies, an official with the country's state power utility said, after a 2021 cold snap left businesses in northern Mexico without gas.

Centrica Reopens UK's Rough Gas Storage Site in Time for Winter

British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.

Slovak’s SPP Inks LNG Supply Deal with Exxon

Slovakia's national gas importer SPP has signed an LNG supply deal with Exxon Mobil, SPP said on Thursday, as Europe races to secure alternatives to Russian gas.

Williams Acquires Texas Natural Gas Pipeline for $423 Million

The $423 million transaction, which closed on August 31, 2022, includes approximately 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market.

Equinor, Wintershall Dea Consider Building 560-Mile Pipeline to Capture CO2 Under North Sea

Equinor and Wintershall Dea eye the construction of a 900-km (560-mile) long pipeline to transport CO2 from northern Germany to storage sites offshore Norway before 2032. The pipeline is expected to have a transport capacity of 20 million to 40 million tonnes of CO2 per year.

LNG Traders Report Huge Losses After Supply Outages Hinder European Storage

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug an LNG supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.

BP Drills Appraisal Well in Texas for Carbon Capture and Storage

BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Governor: Third Oil Storage Tank Collapses in Cuba Terminal Following Fire, Spill

A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.

US Emergency Crude Stockpile Falls to Lowest in 37 Years

The U.S. emergency crude oil stockpile fell by 4.6 million barrels last week to its lowest level since May 1985, according to the Department of Energy on Monday.

Economic and ESG Cost of Lost and Unaccounted for Gas Errors

The industry-accepted lost and unaccounted for (LAUF) natural gas storage, processing and transportation averages 0.40% of throughput. LAUF is driven by myriad factors, including pneumatic device integrity and venting, but it is dominated by persistent measurement errors.

Italy’s Snam Buys Floating Regasification Unit for $400 Million

Italy's Snam has signed a $400-million deal with BW LNG to buy a floating storage and regasification unit (FSRU), the gas grid operator said on Wednesday, as Rome rushes to find alternative supplies to Russian gas.

US Natgas Jumps 4% To Fresh 13-Year High on Small Storage Build

U.S. natural gas futures gained about 4% to close at a fresh 13-year high on Thursday on a smaller than usual storage build and a recent drop in U.S. output.

Xebec Wins $113.5 Million Order for Carbon Capture, Sequestration Equipment

Xebec Adsorption Inc. has inked a binding contract to supply large-scale CO2 compression equipment for world’s largest carbon capture and storage project.

Delek Logistics Acquires Permian Basin Gathering Assets in $624.7 Million Deal

The asset base includes approximately 485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120,000 bbl of crude storage capacity and 200,000 bbl/d of water disposal capacity.

Spain to Open Idle Liquid Gas Facility as European Storage Base

Spain plans to open a never-before-used LNG plant on its northern coast and dedicate it to receiving and re-exporting fuel to other European countries struggling to break their dependence on gas piped from Russia.

Alberta Picks Six Proposals to Develop Canada's First Carbon Storage Hubs

Canada's main oil-producing province Alberta has selected six proposals to move forward with developing Canada's first carbon storage hubs, intended to help cut climate-warming emissions by permanently sequestering them underground.