North America
Natural Gas Proves Essential as U.S. Wind Power Drops, Says Maguire
Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace.
Hedge Funds Increase Bid for Martin Midstream Takeover
Hedge funds Nut Tree Capital Management and Caspian Capital have made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners.
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet of natural gas, LSEG data showed.
U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
ExxonMobil will supply 3.9 million barrels of the contract, while Macquarie Commodities Trading US LLC will supply the rest, the DOE said.
Occidental Sells Delaware Basin Assets to Permian Resources for $818 Million
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.
Vital Energy, Northern Oil and Gas Acquire Point Energy Shale Assets for $1.1 Billion
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion.
Motiva's Texas FCC to Restart After Shutdown for Leak Repair
Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day Port Arthur, Texas.
Canada to Delay Trans Mountain Pipeline Sale Until After 2025 Election: Bloomberg
The country's government bought the $25 billion Trans Mountain expansion project in 2018 to ensure construction went ahead, with plans to divest it once operations began.
Pieridae Energy Halts Production Due to Low Natural Gas Prices
Pieridae Energy said it has shut-in the production of about 6,250 barrels of oil equivalent per day that flows to a third-party owned and operated facility, in response to low natural gas prices.
ExxonMobil and CF Industries Ink Carbon Capture Deal
Energy major ExxonMobil has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries.
Citi Warns Trump Presidency Could Drive Oil Prices Lower
A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies and pushing OPEC+ to release more oil into the market, Citi said in a research note on Thursday.
Declining Mexican Crude Output Threatens Energy Independence Goals
Mexico's incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend $17 billion on a new refinery: a shortfall in domestic crude supply.
Occidental Petroleum Nears $1 Billion Sale of Texas Oil Assets to Permian Resources
U.S. oil producer Occidental Petroleum is nearing a deal to sell its assets in the Barilla Draw region of Texas to Permian Resources for about $1 billion, Reuters reported on Thursday.
TC Energy Close to Finalizing Stake Sale in 15,000-Mile Natural Gas Pipeline System, Sources Say
Calgary-based TC Energy is close to finalizing the sale of a stake in its 15,152-mile natural gas pipeline system to Indigenous groups in Western Canada.
Canadian Wildfire Engulfs Jasper, Threatens Trans Mountain Pipeline as Firefighters Struggle to Contain Blaze
A wildfire reached the Canadian town of Jasper, Alberta on Wednesday, one of hundreds ravaging the western provinces of Alberta and British Columbia, as firefighters battled to save key facilities such as the Trans Mountain Pipeline, authorities said.
Pacific Northwest Hydrogen Hub Wins DOE Phase 1 Award
The Pacific Northwest Hydrogen Association announced it has received Phase 1 award status from the U.S. Department of Energy, making it one of the first U.S. Regional Clean Hydrogen Hubs to achieve this milestone.
EQT Completes Equitrans Midstream Acquisition
EQT Corp. has finalized its acquisition of Equitrans Midstream Corp., marking a significant shift in the natural gas sector. This merger creates a major vertically integrated natural gas company in the U.S.
Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
(P&GJ) — The project, known as the “Port MacKenzie Expansion,” aims to extend APLC’s existing pipeline infrastructure to connect with a future LNG import terminal.
Zachry Out as Lead Contractor for Texas LNG Project in Settlement with Exxon, Qatar Energy
A bankruptcy court approved a Zachry Holdings and Golden Pass LNG settlement on Wednesday that will allow Exxon Mobil and Qatar Energy, the Golden Pass owners, to hire a new lead contractor to complete its LNG plant.
Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
(P&GJ) — Williams has notified FERC of its plans to commence construction for its Louisiana Energy Gateway pipeline on July 25. However, Energy Transfer has responded to the filing with concerns, arguing that Williams is proceeding without full regulatory clarity from FERC on the project’s jurisdictional status.
U.S. Democrats Introduce Bill to Hold Oil Firms Accountable for OPEC Collusion
Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices.
Viridi Signs 20-Year Deal with Énergir for Pipeline-Quality RNG
(P&GJ) — Viridi Energy has secured a 20-year agreement to supply pipeline-quality renewable natural gas (RNG) to Énergir, the largest natural gas distribution company in Quebec.
Texas LNG Brownsville Signs 20-Year Liquefaction Deal with EQT
Glenfarne's Texas LNG and EQT have executed a 20-year tolling agreement for natural gas liquefaction services for 2 million tonnes per annum of LNG, the energy companies said on Tuesday.
New Fortress Secures $700 Million Loan for Second LNG Unit in Mexico
U.S. energy infrastructure company New Fortress Energy said on Tuesday it closed a $700 million loan for its second liquefied natural gas production unit at its Fast LNG project in Altamira, Mexico.
Canadian Oil Output Steady Despite Growing Wildfire Threat: Goldman Sachs
Canada's oil production has remained largely stable, but the risk that wildfires pose to the industry is growing, Goldman Sachs said on Tuesday.
EQT Reports Smaller-than-Expected Q2 Loss, Boosted by Higher Sales Volumes
EQT Corp. posted a smaller-than-expected second-quarter loss on Tuesday, as the natural gas producer benefited from higher sales volumes.
Illinois Governor Signs Bill Implementing Two-Year Pause on CO2 Pipeline Construction
Governor JB Pritzker has signed the SAFE CCS Act, establishing new safety standards for carbon capture in Illinois and implementing a two-year pause on CO2 pipeline construction.
Archrock to Buy Natural Gas Compression Firm TOPS for $983 Million
The transaction comes as dealmaking in the Permian shale basin, the largest U.S. oilfield that straddles West Texas and New Mexico, has extended to this year after a bumper 2023.
U.S. Senators Propose Bill to Fast-Track Energy Project Approvals
Senate energy committee leaders introduced legislation to expedite permitting for LNG export projects. The bill sets a 90-day deadline for the Secretary of Energy to approve or deny LNG export applications, aiming to end the current pause on such approvals.
California Secures $12.6 Billion for Hydrogen Hub Development
ARCHES and the U.S. DOE signed a $12.6 billion agreement to develop clean hydrogen projects across California. Key projects include hydrogen-powered equipment at major ports and building over 60 hydrogen fueling stations.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
