North America
QatarEnergy-Exxon’s Texas LNG Project Construction to Speed Up After Contractor Settlement
Work to complete the QatarEnergy and ExxonMobil $11 billion liquefied natural gas project in Texas could speed up following a settlement agreement allowing the joint venture to choose a new contractor to take over the development, according to court documents.
Canada's Trans Mountain Pipeline Eyes Debt Deal Before Potential Sale
Oil pipeline operator Trans Mountain plans to borrow in the bond market to refinance some of its outstanding debt before the Canadian government eventually sells it, Bloomberg News reported on Monday, citing people familiar with the matter.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Projects July 2024
Enbridge selects Barnard, CBNA for Great Lakes Tunnel; Energy Transfer joins carbon capture initiative in Louisiana; YPF advances $2.5 billion Vaca Muerta pipeline project; Piñon Midstream boosts Delaware Basin gas capacity; Mexican developer seeks U.S. permit for LNG export.
Global News July 2024
Latest industry developments from around the world!
New Fortress’ FLNG Asset Achieves First LNG Offshore Mexico
New Fortress Energy Inc. has announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico.
Freeport LNG Resumes Exports in Texas as Gas Processing Ramps Up
The U.S.' second largest liquefied natural gas exporter Freeport LNG has resumed shipments after shutting operations ahead of Hurricane Beryl, with processing on track to reach about half its capacity on Monday, according to preliminary LSEG data.
Woodside Energy to Acquire Tellurian for $1.2 Billion, Securing Future of Driftwood LNG Project
The agreement could strengthen the United States' position as the world's largest producer of the superchilled gas by securing the completion of Tellurian's 27.6 million metric ton per annum facility in Lake Charles, Louisiana.
Editor’s Notebook: Landowners and CO2 Pipelines Amid South Dakota Legislation
(P&GJ) — South Dakota's new bill empowers landowners to challenge forced easements for CO2 pipelines, enhancing rights amid eminent domain concerns. The legislation impacts projects like Summit Carbon Solutions, aiming for fairer terms and compensation for affected property owners.
U.S. FTC Probes Hess, Occidental Execs Over OPEC Communication
The current investigation of communication with OPEC officials is part of the U.S. antitrust regulator's review, the report said, adding that investigators are looking for evidence of collusion over oil market dynamics.
Freeport Prepares to Restart LNG Exports After Two-Week Halt
A LNG tanker was docked at the Freeport LNG terminal for the first time in almost two weeks on Friday, likely signaling the resumption of exports of the superchilled gas from the second-largest LNG exporter.
Canadian Crude Exports from U.S. Gulf Coast Dip Slightly Despite TMX Startup
About 150,000 barrels per day of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline, which pulled some barrels west to Vancouver, shipping tracking data showed.
WTI Futures Backwardation Hits 8-Month High as Cushing Stocks Fall
The premium for front-month U.S. crude oil futures over the second-month contract CLc1-CLc2 widened to its highest since October on Wednesday, LSEG data showed, as stocks at the WTI delivery point, Cushing, Oklahoma, fell last week to a three-month low.
LNG’s Role in a Realistic Energy Transition
We are observing remarkable expansion and diversification within the global LNG market. It is projected that the market will grow from 400 million tons in 2023 to over 600 million tons by 2029.
Crescent Energy, SilverBow Resources Set to Close $2.1 Billion Merger by July 30
The merger, which follows industry consolidation trends, will position Crescent as the second-largest operator in the Eagle Ford basin.
ONEOK to Build 230-Mile Refined Products Pipeline from Kansas to Denver
ONEOK plans to boost its pipeline capacity by constructing a new 230-mile pipeline from Scott City, Kansas, to Denver International Airport, enhancing its refined products supply between the Mid-Continent and Gulf Coast.
Sempra, Bechtel Ink Deal for Port Arthur LNG Phase 2 Expansion
Sempra has signed a fixed-price agreement with Bechtel Energy to build the second phase of the Port Arthur liquefied natural gas (LNG) export plant in Texas.
Texas Tanker Bottleneck Grows Amid Slow Freeport LNG Restart After Hurricane Beryl
The number of LNG tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl's landfall last week.
WoodMac: National Oil Company International M&A Spending Hits 20-Year Low
Despite a surge in mergers and acquisitions by international oil companies, national oil companies have significantly reduced their international spending from a decade ago, according to Wood Mackenzie.
Kinder Morgan Launches Binding Open Season for South System Expansion 4 Project
Kinder Morgan has launched a binding open season on its proposed South System Expansion 4 project, designed to increase Southern Natural Gas Pipeline's South Line capacity by 1.2 billion cubic feet per day.
Judge Pauses Wyoming Oil, Gas Drilling Leases for Environmental Review
A federal judge has ordered the U.S. Bureau of Land Management to pause approving new permits to drill for oil and gas on nearly 120,000 acres of federal land in Wyoming until it finishes reevaluating the environmental impacts of a lease sale.
Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
A natural gas pipeline in Reeves County ruptured on July 15, marking the second such incident in the area within 11 months.
Exxon Shuts Joliet, Illinois Refinery After Storm Causes Power Outage
ExxonMobil shut down its 251,800-barrel-per-day refinery at Joliet, Illinois, due to a power outage after a storm, according to a filing late on Monday.
U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
A federal court in Alaska overturned on Tuesday night an oil and gas lease sale that had been mandated by the Biden administration's signature climate law as part of a political compromise, on grounds that the U.S. government violated the law when holding the sale.
EIA: U.S. Imports of Canadian Crude Hit Record High After TMX Startup
Imports rose by 807,000 barrels per day to 4.4 million bpd in the week to July 12, the largest gain since March 2023, according to the data.
DeLa Express Advances 690-Mile Permian-to-Louisiana Pipeline with FERC Pre-filing Progress
DeLa Express advances its 690-mile Permian-to-Louisiana pipeline project with FERC pre-filing progress, aiming to transport natural gas from Texas to Louisiana markets. The project includes extensive environmental surveys and engages stakeholders early to address regulatory requirements.
Chesapeake Utilities Expands Renewable Natural Gas Infrastructure in Florida
Chesapeake Utilities' subsidiary, Peninsula Pipeline Company (PPC), has received approval from the Florida Public Service Commission for three projects expanding natural gas infrastructure.
TC Energy's $15 Billion Keystone XL Claim Rejected by U.S. Tribunal
Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project.
Court Orders FERC to Review Emissions Impact of Louisiana LNG Project
A U.S. court on Tuesday ordered the Federal Energy Regulatory Commission to reassess the impact of greenhouse gas and other emissions from Commonwealth LNG's Louisiana liquefied natural gas project.
Energy Transfer, Sunoco Join Forces in Permian Basin Crude Venture
U.S. pipeline operator Energy Transfer and fuel distributor Sunoco on Tuesday said they would form a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin.
- 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
