North America
Biden Administration Buys Oil for Emergency Reserve Above Target Price
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price.
Hydrogen Industry Urges Streamlined Process for U.S. Tax Credits
Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff.
New U.S. Rules Aim to Curb Leaks from Oil and Gas Drilling on Public Lands
The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines.
Colonial Pipeline Freezes Nominations on Baltimore Section Amid Port Shutdown
The Colonial Pipeline Company on Tuesday paused nominations to ship fuel on cycles 15 and 16 on Line 32, which delivers products to its Curtis Bay facility in the port of Baltimore, according to a notice seen by Reuters.
Takeaway on Upswing in Permian, Haynesville
According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.
CPS Energy to Acquire Gas Plants from Talen Energy for $785 Million
Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy for $785 million.
Osaka Gas Expects Minimal Impact from Freeport LNG Partial Shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities, the president of the city gas provider said on Wednesday.
U.S. Opposes Pakistan-Iran Gas Pipeline Project, Warns of Sanctions
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
Phillips 66 Explores Sale of Stake in 1,700-Mile REX Pipeline, Sources Say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday.
Elliott Accepts Phillips 66's Performance Goals, CEO Lashier Says
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder returns and share price, Chief Executive Mark Lashier said in an interview on Tuesday.
Exxon, JERA to Partner on U.S. Hydrogen Production Project
Exxon Mobil has entered into an agreement with JERA, Japan's top power generator, to jointly explore the development of a low-carbon hydrogen production project in the United States.
Enbridge to Form Natural Gas Supply Venture Connecting Permian and Gulf Coast
Canadian pipeline operator Enbridge said on Tuesday it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.
U.S. Gas Producers Optimistic Amidst Low Prices, Banking on LNG Expansion
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand — and prices — for the fuel.
Credit Agricole Declines Funding for Exxon, Eni, and TotalEnergies’ LNG Projects
Credit Agricole said on Monday that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.
Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases
The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said.
Matador Completes Natural Gas Pipeline Connections in Delaware Basin
Matador Resources Company has announced the successful completion of natural gas pipeline connections between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s acreage obtained in the Advance acquisition.
Under-the-Radar SEC Land Grab Foiled by Public Scrutiny
In the weeks ending the year 2023 and those starting the one, a stealth part of the Biden administration’s green agenda with ramifications for the oil patch was sliding under the radar of most major fossil fuel organizations.
Concerns Over LNG Pause Overblown
Recently, the United States announced a pause on permits for new LNG export facilities. The move sparked outcry among industry groups in Asia, which quickly declared the move would hurt the region’s energy security and climate goals. However, their concerns are unfounded for five simple reasons.
Exxon Mobil Ahead of Schedule in Doubling LNG Portfolio, Executive Says
Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum by 2030 and will focus on selling its own gas rather than trading that of third parties, the company's LNG chief said.
Sixteen Republican-Led States Sue Federal Government Over LNG Export Permit Ban
Sixteen Republican-led states on Thursday filed a lawsuit to challenge the federal government's ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.
U.S. Pipeline Firms Looking to Follow Biggest Customers into M&A Wave
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said.
Protection in Renewal Biogas Systems for Increased Pipeline Reliability
Biogas is a renewable fuel generated through the anaerobic fermentation of organic matter. Biogas is a mixture of gases, mainly methane and carbon dioxide, accompanied by trace elements dependent on the feedstock and production method.
Summit Midstream Exits Utica Shale in $625 Million Deal with MPLX
Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream company MPLX LP for about $625 million in cash.
SilverBow Resources Shareholder Endorses Kimmeridge's $2.1 Billion Offer
SilverBow Resources shareholder Riposte Capital on Thursday backed Kimmeridge Energy Management's latest buyout offer that valued the U.S. oil and gas producer at close to $2.1 billion, including debt.
CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.
U.S. Senators Move to Harden Ban on Selling Reserve Oil to China
Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.
Gas Pipeline Expansion Trends Shift: Intrastate Capacity Surpasses Interstate in 2023
In a significant shift, natural gas intrastate pipeline capacity outpaced interstate additions in the United States in 2023, according to data from the U.S. Energy Information Administration (EIA).
Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
U.S. energy firm Williams Companies has delayed the completion of its Louisiana Energy Gateway natural gas pipeline project following a dispute with a rival, Williams CEO Alan Armstrong said on Wednesday at a conference.
Trans Mountain Pipeline Initiates Oil Filling Amid Final Construction Challenges
Canada's Trans Mountain Corp. has begun filling its pipeline expansion with oil in a staged process, a senior executive said on Wednesday, as construction of the long-delayed project nears an end.
Williams Finds Tellurian Bid Unattractive, Cites Commercial Concerns, Executive Says
Pipeline operator Williams Companies looked at acquiring struggling LNG developer Tellurian, but considered its export project not that attractive, the company's strategy chief said on Tuesday.
- 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
