North America
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.
Plains All American Sees Record Permian Crude Output in 2024
Plains All American said on Friday it expects crude production in the Permian basin, the top U.S. oilfield, to grow between 200,000 and 300,000 barrels a day (bpd) to a record by the end of this year.
National Grid, Constellation Energy Agree on LNG Supply Deal for Massachusetts Facility
Britain's National Grid on Friday said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.
Mexico Orders Seizure of Hydrogen Plant at Pemex Oil Refinery
Mexico's government has ordered the expropriation of a hydrogen plant at a Pemex oil refinery that was sold to French company Air Liquide during the previous administration, after officials ordered a temporary occupation of the facility last December.
Pemex Platform in Mexico Leaked Clouds of Methane Even After UN Alert, Data Shows
State energy company Pemex released large volumes of methane from an oil platform in the Gulf of Mexico last year, with leaks recurring even after a United Nations agency flagged problems there to the Mexican government, according to a Reuters analysis of previously unreported U.N. data.
Enbridge Warns of Continued Oil Pipeline Congestion Despite Trans Mountain Expansion
Growing Canadian oil production means shipper volumes may still be rationed on the Enbridge Inc. Mainline pipeline system even once the Trans Mountain Expansion (TMX) project is operating, an Enbridge executive said on Friday.
Biden Appoints Democrat Willie Phillips as Head of FERC
President Joe Biden has promoted Willie Phillips to head the Federal Energy Regulatory Commission, the White House said on Friday, as the panel gears up to issue rules to help the power grid distribute more electricity from wind and solar power.
EIA Expects Big Boost for U.S. LNG Terminals with New Pipelines
More than 20 Bcf/d of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. liquefied natural gas (LNG) export terminals that are currently under construction, according to the U.S. EIA’s Natural Gas Pipeline Project Tracker.
Enbridge Falls Short of Fourth-Quarter Profit Estimates Due to Lower Mainline Toll Revenues
Enbridge missed fourth-quarter profit estimates on Friday, hurt by lower tolls related to its Mainline crude pipeline system and a decrease in earnings from the company's gas segment.
Regulator Orders Trans Mountain Expansion Project to Address Deficiencies After B.C. Flooding
The Canada Energy Regulator (CER) has ordered the Trans Mountain pipeline expansion project to address environmental deficiencies and noncompliances found following flooding near Abbotsford, British Columbia, the regulator said on Thursday.
Shale Producer Devon Energy in Talks to Acquire Enerplus
U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of $3 billion, with an acquisition offer, people familiar with the matter said on Thursday.
Case Study: Identification, Sizing Accuracy for UTCD In-Line Inspection
One of the most pressing concerns for operators of liquid buried pipelines is the management of stress corrosion cracking (SCC). Detecting and sizing SCC in liquid pipelines is usually accomplished through ultrasonic crack detection (UTCD) in-line inspection tools.
ConocoPhillips Beats Quarterly Profit Estimates with Higher Production
U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition.
U.S. Official: LNG Export Review Should Consider Impact on Green Hydrogen Market
A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market, an administration official told Reuters on Wednesday.
Biden Administration's LNG Pause Defended by Top Official in Senate Hearing
A top U.S. Department of Energy official on Thursday defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.
GAIL India Responds to Red Sea Crisis, Buys Spot LNG and Redirects U.S. Supply to Europe
India's state-run GAIL (India) Ltd. is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis, head of marketing Sanjay Kumar told a press conference.
Permian Deal Frenzy Dampens 2024 U.S. Oil Growth Prospects
Oil production in the prodigious Permian shale basin in Texas and New Mexico this year will see the slowest annual growth since 2021, according to market participants, as a slew of acquisitions reduces activity among private drillers.
- 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. 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
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
