North America
U.S. Purchases 3.3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. awarded contracts for the purchase of 3.3 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after a massive sale from the stockpile in 2022, the Department of Energy said on Friday.
Industry Leaders Partner to Repurpose Natural Gas Pipelines for Hydrogen Transmission
DORIS, ROSEN, and SPIECAPAG have jointly announced the establishment of the Pipeline Transition Alliance, a collaboration aimed at repurposing natural gas pipelines for hydrogen transmission.
TC Energy to Appeal Delaware Court's $200 Million Liability Ruling in Columbia Pipeline Acquisition Lawsuit
TC Energy said it strongly disagrees with the final decision issued on May 15 by the Delaware Chancery Court, which allocated liability for previously determined damages in an ongoing class-action lawsuit related to its 2016 acquisition of Columbia Pipeline Group Inc.
FERC Seeks Emission Data Updates for Venture Global LNG's Calcasieu Pass 2 Project
U.S regulators asked LNG exporter Venture Global LNG to update its emissions analysis for its proposed Calcasieu Pass 2 LNG export project in Louisiana, according to a letter sent on Wednesday.
Waste Management Explores $3 Billion Sale of Renewable Natural Gas Unit, Sources Say
The Houston-based firm is exploring a sale of its renewable natural gas business that could be worth about $3 billion, according to people familiar with the matter.
Proxy Adviser Urges Hess Shareholders to Accept Chevron Offer
Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
Saudi Aramco Signs MOUs with U.S. Firms for Lower-Carbon Energy Solutions
Saudi Aramco signed three memorandums of understanding (MOU) with U.S. companies Aeroseal, Spiritus and Rondo, the state-owned oil giant said on Friday.
Pembina Pipeline Expects Investment Decision on Cedar LNG Project in June
Pembina Pipeline Corp. said on Thursday progress on its proposed $4 billion Cedar project remains on track and a final investment decision is expected in June on what would be one of Canada's first liquefied natural gas export terminals.
Crescent Energy Acquires SilverBow for $2.1 Billion, Creating Second Largest Eagle Ford Operator
Oil and gas producer Crescent Energy will acquire rival SilverBow Resources in a $2.1 billion deal, creating the second-largest operator in the Eagle Ford basin in Texas.
Global News May 2024
Latest industry developments from around the world!
Editor’s Notebook: M&A Appears Here to Stay
It appears likely that the wave of midstream merger-and-acquisition activity of the past few years hasn’t reached its peak yet. In fact, to hear some insiders tell it, a full-on tsunami may not be far away.
CoolCo Secures Long-Term Charter Deal with GAIL for New LNG Carrier
Cool Company Ltd. has entered into a 14-year charter deal with India’s GAIL for one of the company’s two newbuild LNG carriers currently under construction.
IEA Faces Overhaul Under Second Trump Term, Aimed at Boosting Fossil Fuels
Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.
Republican Lawmakers Press Regulators to Expedite LNG Project Approvals
Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.
Freeport LNG Plant in Texas Resumes Full Operations, Ships Queue for Loading
LNG tankers began loading at Freeport LNG in Texas this week as full operations resumed at the liquefied natural gas export plant after repairs and maintenance, data from financial firm LSEG showed on Wednesday.
QatarEnergy CEO: Qatar to Sign More Long-Term LNG Contracts This Year
Qatar has not had difficulty securing long-term liquefied natural gas contracts and will sign more this year, QatarEnergy CEO and State Minister for Energy Saad al-Kaabi said at an economic forum on Wednesday.
Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid
The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.
TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline
The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.
Federal Regulators Approve Venture Global's Repairs at Louisiana Plant
U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.
Energy Transfer Joins CapturePoint for Carbon Capture and Storage Initiative in Louisiana
CapturePoint LLC and Energy Transfer LP have formalized agreements for the joint development of a carbon capture and permanent underground storage project in Louisiana.
U.S. Offers $1.66 Billion Loan to Plug Power for Clean Hydrogen Plants
The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc. to help it build up to six plants to produce clean hydrogen.
NJ Natural Gas Implements First Carbon Capture Units in State, Aiming for Greener Operations
New Jersey Natural Gas has recently installed two CarbinX carbon-capture systems at its headquarters in Wall, N.J., marking a significant step towards reducing greenhouse gas emissions in the state.
Linde Doubles Capacity at La Porte Facility to Meet Rising Demand for Industrial Gases in U.S. Gulf Coast
This expansion of Linde’s production capacity will enable the company to meet growing demand for industrial gases in the U.S. Gulf Coast across an array of end markets.
Clean Energy, Maas Energy Partner to Build Nine RNG Dairy Facilities Across Seven States
Clean Energy Fuels Corp. and Maas Energy Works have announced a new joint development agreement to build nine renewable natural gas (RNG) production facilities at dairy farms across seven states.
EIA: U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June
Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said.
Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger
U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.
LM Energy Expands New Mexico Gas Gathering System, Boosts Capacity to 500 MMcf/d
The new high-pressure pipeline will provide over 300 MMcf/d of critical delivery capacity out of New Mexico's North Carlsbad area. Upon completion, LM’s systems will consist of 150 miles of gas gathering pipelines with a total capacity of approximately 500 MMcf/d.
Golden Pass LNG in Talks with Contractor Amid Potential Project Impacts
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, on Thursday said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site, but it did not tell any contractor to send workers home.
Panama Canal Considers Expansion to Accommodate U.S. LNG Transit Surge
The Panama Canal is in talks with U.S. LNG producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal's administrator Ricaurte Vasquez told Reuters in an interview.
Sempra LNG Rethinks Bechtel Pick for Cameron LNG Expansion Amid Cost Concerns, Sources Say
Sempra LNG is revisiting its selection of Bechtel to build its Cameron LNG expansion project in Louisiana due to rising construction costs, two people familiar with the matter told Reuters.
- 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
