North America
Investment Firm Aethon Explores Options for $10 Billion U.S. Natural Gas Assets, Sources Say
U.S.-based investment firm Aethon Energy Management is considering options for its natural gas assets valued at around $10 billion, according to sources. Aethon’s portfolio, primarily focused on the Haynesville shale, positions the firm as one of the largest privately held gas producers in the U.S.
Plains All American Agrees to Pay $73 Million to Settle California Oil Spill Lawsuit
The spill occurred after a pipeline, which ran across California's coastline, ruptured and spilled an estimated 126,000 gallons of oil into the ocean and on the beaches.
Crown LNG Races to Develop and Start Texas LNG Plant Before Trump's Term Ends in 2029
Crown LNG aims to complete a Texas-based LNG export plant before President Trump’s term concludes in 2029, with a focus on expediting offshore development to streamline regulatory approval.
Analysts: U.S. Needs Canada’s Oil, Making Tariffs Unlikely
Canada’s oil industry argues that U.S. dependence on Canadian crude, critical for American refineries, should deter tariffs under President Trump, citing potential impacts on fuel prices and refinery costs.
Cheniere Study Shows Lower GHG Emissions in Updated LNG Life Cycle Analysis
Cheniere Energy recently published an updated life cycle assessment of greenhouse gas emissions tied to its liquefied natural gas operations, incorporating new data from its supply chain.
Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
U.S. Natural Gas Prices Hit 25-Year Low at Henry Hub, Drop into Negative at Waha
U.S. natural gas prices plunged to a 25-year low at Henry Hub and into negative territory at Waha, driven by mild weather, low demand, and pipeline constraints.
Freeport LNG Sets New Gas-Processing Record After Plant Overhaul
Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.
WhiteWater Reaches FID on 170-Mile, 1.75 Bcf/d Pelican Pipeline to Serve Louisiana’s Gillis Hub
WhiteWater has announced it will proceed with constructing the Pelican Pipeline, a major natural gas line stretching 170 miles from Williams, Louisiana, to the Gillis Hub near Ragley, Louisiana.
Biden Administration Makes Final Oil Purchase for Strategic Reserve as Funding Ends
The Biden administration announced its last oil purchase for the Strategic Petroleum Reserve after record sales in 2022, as Department of Energy funding for the reserve has been fully tapped.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
22% of Gulf of Mexico Oil Production Shut Down by Hurricane Rafael
Over 22% of crude oil production and 9% of natural gas output in the U.S. Gulf of Mexico were shut down due to Hurricane Rafael, according to the U.S. Bureau of Safety and Environmental Enforcement. The shutdown includes 391,214 barrels of oil and nearly 181 million cubic feet of natural gas daily.
Trump Win Expected to Lift Barriers on U.S. LNG Export Projects, Say Developers
U.S. LNG developers anticipate accelerated project approvals following Donald Trump’s election, as his administration promises to streamline Department of Energy reviews. Companies like Energy Transfer and Commonwealth LNG expect this shift to fast-track multibillion-dollar export projects, while environmental groups vow continued opposition.
Mid-Michigan Pipeline Completion Bolsters Natural Gas Reliability Across Five Counties
Consumers Energy has completed its Mid-Michigan Pipeline, upgrading 55 miles of natural gas pipeline to enhance reliability across five counties. The $1.5 billion project modernizes the gas delivery system just in time for winter.
TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand
TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.
Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline
Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.
Energy Transfer Receives 16 Bcf/d Natural Gas Requests Amid Growing Data Center, Power Needs
Energy Transfer reported a substantial increase in requests to connect over 90 power plants and data centers, with potential demand totaling up to 16 Bcf/d of natural gas. The surge is fueled by growth in data centers supporting AI, and pipeline proximity could allow Energy Transfer to capture a significant portion of this new demand.
EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance
The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.
Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says
The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.
Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant
Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.
Trump’s Return May Shift U.S. Energy Focus, but Clean-Energy Boom Remains Strong
Donald Trump's return to the White House would likely redirect U.S. energy policy towards oil and gas, but experts believe the nation's clean-energy boom will maintain momentum due to existing subsidies and market dynamics.
Texas Reelects Craddick to Lead Oil Regulatory Body, Signaling Continued Industry Growth
Texas voters have re-elected Christi Craddick as chair of the Texas Railroad Commission, reinforcing her conservative stance on energy regulation and signaling further growth for the state’s oil industry, including the Permian Basin.
Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch
Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.
Port Freeport Remains Open Amid Rough Seas; Inbound Boarding Temporarily Suspended by Brazos Pilots
Port Freeport in Texas has closed to inbound vessel traffic due to offshore conditions as Tropical Storm Rafael approaches, with the storm expected to reach near-hurricane strength by Tuesday night.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Texas GulfLink Project Gets EPA Backing for Crude Export Hub off Texas Coast
The U.S. Environmental Protection Agency (EPA) has given its nod to the Texas GulfLink (TGL) Deepwater Port Project, a venture proposed by Texas GulfLink Holdings, a subsidiary of Sentinel Midstream LLC, intended to facilitate crude oil exports from the U.S. coast.
Oil Trades in Tight Range Ahead of U.S. Election Result
Oil prices traded in a narrow range as the U.S. presidential election approached, with additional support from OPEC+ delaying a planned production increase to address weak demand. Analysts say the election's outcome could significantly affect oil market policies and international trade.
Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation
Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.
Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction
Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.
U.S. Crude Oil Pipeline Squeeze Boosts Prices at Gulf Coast Export Hub
U.S. crude oil prices at the Gulf Coast export hub have surged due to limited pipeline capacity from the Permian basin. A growing demand for light sweet crude, alongside record production, has widened the price gap between West Texas and Houston.
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- 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
- 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
