North America
Spotlight on Mexico: Sierra Madre Pipeline Signals Nation’s Future
Mexico’s state of Chihuahua and the U.S. company Mexico Pacific have signed an agreement to construct the Sierra Madre Gas Pipeline (STGN). The pipeline will extend 155 miles (250 km) from the Waha Basin in Texas to the border at Chihuahua, then 497 miles (800 km) to Puerto Libertad in Sonora.
Venture Global LNG Presses Regulators to Approve CP2 LNG Project
U.S. liquefied natural gas (LNG) developer Venture Global LNG on Thursday asked federal regulators to approve construction of its controversial Calcasieu Pass 2 export plant at their meeting next month.
U.S. House Set to Vote on Bill Reversing Biden's LNG Export Pause
The U.S. House was expected to vote on Thursday on a bill that attempts to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports.
Spotlight on Bakken: Gas Expansions Offer Alternative to Permian Constraints
Fueled primarily by U.S. production growth concentrated around the oil-generating geology of North Dakota, the Williston Basin’s midstream footprint has expanded according to the region’s evolving needs.
Hydrogen-Blend Pipelines: Fast-Tracking Innovations Leading Fossil Fuel Resurgence
The year 2023 was a time of extremely conflicting messages for the future of fossil fuels and the sundry clean fuel alternatives to meet distance carbon-free climate change goals.
Energy Transfer Reports Higher Q4 Earnings, Expects Growth in 2024 on NGL Demand
Energy Transfer reported on Wednesday higher adjusted earnings for the fourth quarter of 2023 on the back of increased demand for natural gas liquids (NGL) and forecast earnings would grow in 2024.
Tokyo Gas Expects Half of Overseas Profit to Come from U.S. Gas by 2030
Japan's biggest city gas supplier Tokyo Gas Co. Ltd. expects that by 2030 its U.S. shale gas and related businesses, including trading and marketing, will contribute around 50% to its targeted overseas profit, its president said.
ProFrac Holding's Subsidiary Alpine Silica Files Confidentially for U.S. IPO
Alpine Silica Holding has confidentially filed to go public in the United States, parent company ProFrac Holding Corp. said on Thursday.
New York Pension Fund Tightens Restrictions on Exxon, Other Oil Companies
The New York State Common Retirement Fund would restrict its investments in eight integrated oil and gas companies including Exxon Mobil, after a review of the companies' readiness to transition to a low-carbon economy.
Pipeline Operator Targa Resources Expects Profit Growth in 2024 on Strong NGL Transport, Processing
Pipeline operator Targa Resources said on Thursday it expects higher core profit for full-year 2024, helped by its natural gas processing facilities in the Permian, LPG exports and high transport volumes of natural gas liquids (NGL).
Shell Forecasts 50% Surge in Global LNG Demand by 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday.
Global Oil Stock Refill Led by China and U.S. Expected to Drive Demand
A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes.
Shell Exec: Extended U.S. LNG Export Ban Would Significantly Impact Global Market
An extended U.S. ban on new LNG export projects would have "quite an impact" on the fast-growing global market, a senior Shell executive said on Wednesday.
Williams Companies Beats Profit Estimates, Forecasts Higher 2024 Core Profit
Williams Companies beat estimates for fourth-quarter profit on Wednesday, as it benefited from strength in its transmission and Gulf of Mexico unit, and the pipeline operator also forecast a higher core profit for this year.
Exxon, Enbridge Sued Over Alleged Antitrust Violations in Crude Oil Transportation
Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico.
Williams CEO Warns U.S. LNG Export Terminal Permit Pause May Fuel Overseas Coal Consumption
The Biden administration's pause on approving permits for U.S. liquefied natural gas (LNG) export terminals could backfire by boosting coal usage overseas, the CEO of U.S. natural gas pipeline operator Williams Companies said.
U.S. Appeals Court Rejects Renewed Challenge to Mountain Valley Pipeline
A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley Pipeline's use of eminent domain, finding that a federal law bars the case despite a recent U.S. Supreme Court ruling that made it easier to sue federal agencies.
Phillips 66 Appoints Industry Veteran Robert Pease as New Director
Phillips 66 said on Tuesday it has appointed energy industry veteran Robert Pease to its board after activist investor Elliott Investment Management urged the U.S. oil refiner and pipeline operator to overhaul its board.
Why Endeavor Energy's Founder Sold His Company After Years of Rebuffing Offers
For years, Endeavor Energy founder Autry Stephens' refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers.
Saudi Aramco Begins Trading U.S. Crude to Influence Brent Oil Benchmark
Saudi Aramco initiates trading of U.S. crude, impacting the Brent oil benchmark and reflecting market shifts.
EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
EIG's MidOcean Energy secures 20% stake in Peru LNG, which includes a natural gas liquefaction plant, a 254-mile pipeline, storage tanks, a marine terminal, and a truck loading facility.
Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin
Chesapeake Energy has entered a long-term LNG export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.
Oil Industry, Environmental Groups Challenge Biden's Offshore Drilling Plan in Court
Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.
Clean Energy's Tri-Cross Dairy Begins Production of Renewable Natural Gas
Clean Energy Fuels Corp. has announced the successful completion and operational launch of its latest renewable natural gas production facility at Tri-Cross Dairy in Viborg, South Dakota.
EIA Projects U.S. Oil Output Surge from Top Shale Regions in March
U.S. oil output from top shale-producing regions will rise in March to its highest in four months, the U.S. Energy Information Administration (EIA) said on Monday in its monthly Drilling Productivity Report.
Saudi Arabia Attributes Oil Capacity U-turn to Energy Transition, Ensures Ample Spare Capacity
Saudi Arabia's U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market.
Former Trump, Bush Officials Urge Congress to Reverse Biden's LNG Pause
Dozens of former officials from the past two Republican U.S. administrations on Monday urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.
Japan's Japex Eyes U.S. as Prime Investment Hub for Energy Exploration Despite Political Risks
Japan Petroleum Exploration (Japex) sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year's election, its senior managing executive officer said on Friday.
U.S. Government Plans Funding for Methane Reduction Projects in Oil, Gas Sectors
The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent on Friday to help fund projects aimed at reducing methane emissions from the oil and gas sectors.
Diamondback Energy to Acquire Endeavor Energy in $26 Billion Deal
Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt.
- 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
