North America
U.S. Regulators Approve Startup Preparations for Plaquemines LNG Plant in Louisiana
Federal regulators on Friday gave Venture Global LNG permission to begin preparations for the start-up of liquefied natural gas equipment at its Plaquemines export plant in Louisiana, taking a step closer to first LNG production for the facility, about 20 miles south of New Orleans.
Texas Regulators Reject Gas Plant Proposal from State Financing Program Over Due Diligence Failures
Texas energy regulators have denied public funding requests for a proposed power plant days after naming the project as a finalist for a new state program aimed at building out natural gas-fired electricity generation, state documents show.
Goldman Sachs Warns AI Could Weigh on Oil Prices, Reshaping Market Dynamics
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Sept. 3.
Crude Oil Bears Dominate as Market Ignores Bullish Signals: Russell
The response of crude oil markets to a series of developments this week shows how the bearish mindset is dominating the narrative.
EOG Resources to Increase Utica Shale Activity in Ohio
"The Utica absolutely has the opportunity to be a foundational play," COO Jeff Leitzell said. "If we continue to have the success that we expect to, you can expect us to go ahead now and put more capital there."
U.S. Crude Stockpiles Fall to 1-Year Low as Imports Fall, EIA Says
Crude inventories, excluding the Strategic Petroleum Reserve, fell by 6.9 million barrels to 418.3 million barrels in the week ending Aug. 30, the EIA said, compared with analysts' expectations in a Reuters poll for a 993,000-barrel draw.
Texas Matterhorn Pipeline Begins Gas Flow, Could Boost Waha Prices, Permian Resources Says
The Matterhorn is the biggest gas pipe under construction that is capable of moving gas that has been trapped in the Permian basin, causing prices at the Waha Hub in West Texas to turn negative a record number of times this year.
Report: U.S. Oil, Gas M&A Nears 2023 High as Focus Shifts from Permian
Nearly $100 billion has been spent by U.S. producers on mergers and acquisitions so far this year, and another $46 billion in assets are currently for sale, according to analysts.
Crescent Energy Buys Eagle Ford Assets for $168 Million
Crescent Energy has announced the acquisition of assets from a private Eagle Ford operator for $168 million, the company announced on Sept. 4.
Williams Denies Report of Buyout Offer to Targa Resources
Williams Companies denied extending any offer to oil and gas transportation firm Targa Resources, after a report said the latter had rebuffed a takeover interest from the former.
Chesapeake Energy Continues Curtailing U.S. Gas Output Amid Low Prices, CEO Says
U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company's CEO Nick Dell'Osso said at the Barclays CEO Energy-Power Conference on Wednesday.
Williams to Add 4.2 Bcf/d of Natural Gas Capacity by 2027
The new projects include the 1.8-Bcf/d Louisiana Energy Gateway gas pipeline, which is under construction and expected to enter service in 2025, and the 1.6-Bcf/d Southeast Supply Enhancement, which could enter service by 2027.
U.S. LNG Export Dominance Under Pressure as Europe's Demand Drops: Maguire
The United States has remained the largest exporter of LNG so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.
ADNOC Acquires 35% Stake in Exxon’s Texas Hydrogen Plant
Abu Dhabi state oil giant ADNOC will acquire a 35% stake in a planned Exxon Mobil large-scale hydrogen plant in Texas, the companies said on Wednesday.
Argus Launches New Price Quotes for Trans Mountain Pipeline Oil Exports to Asia
Oil pricing agency Argus launched on Wednesday three daily price quotes for crude exported from western Canada's newly expanded Trans Mountain (TMX) pipeline amid rising demand for the oil from Asia.
Voyager Midstream Snaps Up 550 Miles of Gas Pipelines in Key Haynesville Deal with Phillips 66
(P&GJ) — Voyager Midstream, backed by Pearl Energy Investments, has acquired natural gas gathering and processing assets from Phillips 66 in East Texas and North Louisiana, placing it strategically in the Haynesville Shale region.
New Fortress Energy Approved to Export LNG from Mexico to Non-FTA Countries
New Fortress Energy has received authorization from the U.S. Department of Energy to export LNG from its offshore Altamira-based plant in Mexico to non-free trade agreement countries.
U.S. LNG Exports Surge in August as Freeport LNG Output Recovers
Exports of U.S. LNG bounced higher in August as output from the country's second-largest export facility rose following an outage and maintenance activities at other plants wound down, LSEG data showed on Tuesday.
Trans Mountain Expansion Spurs Rate Cuts Among Rival Pipelines
Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of crude oil due to rising competition from the newly expanded Trans Mountain pipeline.
Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
Natural gas prices in the Permian shale basin in West Texas have turned negative a record number of times in 2024, including an all-time low on Aug. 30, as pipeline and other constraints trap gas in the nation's biggest oil-producing basin.
India's ONGC Seeks U.S. License to Operate Venezuela Oil Projects
India's ONGC Videsh Ltd. is seeking U.S. approval to operate two projects in sanction-hit Venezuela to boost output.
Iraq Seeks U.S. Investment in Gas Projects to Boost Energy Independence
Iraq plans to offer 10 gas exploration blocks to U.S. companies during an upcoming visit by Oil Minister Hayan Abdel-Ghani to the United States, he announced on Saturday.
Shell to Sell Houston Ship Channel Pipeline and Terminal to Edgewater Midstream
Shell Pipeline Company LP and Triton West LLC, subsidiaries of Shell USA, Inc., have agreed to sell their 100% interest in the Sinco pipeline system and Colex terminal to Edgewater Midstream LLC.
Pulling Off the Near-Impossible: Stalled Pig Rescue Mission Returns Pipeline to Normal
When a stalled cleaning pig threatened to disrupt essential valve replacements in an offshore gas export pipeline, T.D. Williamson stepped in with innovative engineering. Discover how their customized recovery tool and SmartPlug technology overcame significant challenges to restore normal pipeline operations, saving millions in potential losses and minimizing environmental impact.
Texas Shortlists 17 Gas Plant Projects for $5.4 Billion in State Funding
The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants.
OPEC+ Set to Move Forward with October Output Hike Despite Demand Woes, Sources Say
OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters.
Russia Defies Sanctions, Moves Forward with Arctic LNG 2 Project: LSEG Data
Russia's largest LNG producer Novatek appears to be preparing a floating storage unit to receive gas as part of its Arctic LNG 2 project, in defiance of sanctions, LSEG ship-tracking data showed on Friday.
Trump Vows to Scrap Biden’s Clean Power Rules, Fast-Track New Energy Projects
Donald Trump would rescind many of President Joe Biden's clean energy rules while also speeding approvals of power plants to meet the nation's rising electricity demands, the Republican's presidential campaign said on Thursday.
Venture Global Seeks FERC Approval to Unload First LNG Cargo at Plaquemines Plant
Venture Global LNG has sought authorization from U.S. energy regulators to unload the first LNG commissioning cargo at the Plaquemines export plant in Louisiana by Aug. 30.
Golden Pass LNG Seeks Three-Year Extension for $10 Billion Project After Dropping Lead Contractor
The developer of a Texas LNG export project has asked U.S. regulators for a three-year extension to complete construction of the $10 billion Golden Pass LNG project, citing scheduling uncertainties.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
