North America
WoodMac: Gas, LNG Prices to Remain Relatively Weak in 2024 Amid Subdued Demand
Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter, consultancy Wood Mackenzie said on Wednesday.
U.S. Natural Gas Demand Hits Record High Amid Severe Cold Snap
U.S. homes and businesses used a record amount of natural gas on Tuesday as demand for the fuel for heating and power generation soared during an Arctic blast that also cut gas output to near a 13-month low by freezing wells.
North Dakota Oil Production Plummets by 650,000 to 700,000 bpd Amid Extreme Cold
Oil production in North Dakota was estimated to have dropped by more than half its typical output because of extreme cold and related operations challenges, the state's pipeline authority said on Wednesday.
INGAA Foundation Unveils Report on Electrifying Natural Gas Compression for Greenhouse Gas Reduction
The Foundation aimed to assess the potential effects of electrifying natural gas transmission compression as a strategic measure to combat greenhouse gas (GHG) emissions across the natural gas supply chain.
Deep Freeze Hits U.S. Oil Industry from North Dakota to Texas
A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others, and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.
West Virginia Greenlights Hope Gas' $177 Million Pipeline, Deemed 'Reasonable and Necessary’
West Virginia's PSC approves Hope Gas' pipeline project, investing $177 million to meet Morgantown's rising demand. Amid supply challenges, local customers welcome increased capacity for the region's energy needs.
Exxon to Acquire Additional 1.2 Million Tonnes of LNG Annually from Mexico Pacific
Mexico Pacific said on Tuesday that it will supply ExxonMobil with an additional 1.2 million tonnes per annum of LNG. Exxon will purchase the LNG on a free-on-board basis over a 20-year term.
Talos Energy to Acquire QuarterNorth Energy for $1.29 Billion
Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 billion cash-and-stock deal to bolster its presence in Mexico.
Moda Completes Sale of Vopak Moda Houston Terminal Interest to Exolum
Moda Midstream and EnCap Flatrock Midstream have finalized the sale of Moda's 50% stake in the Vopak Moda Houston terminal joint venture to Exolum, a prominent European logistics company specializing in liquid products and operating in nine countries.
U.S. Natural Gas Demand Soars as Arctic Blast Hits Supply, Sparks Conservation Urgency
U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday.
North Dakota Sees 425,000 bpd Oil Drop, 1.1 Bcf/d Gas Output Decline Due to Extreme Cold
North Dakota oil production has fallen by 400,000 to 425,000 barrels per day (bpd) and gas output is down 1.0 billion to 1.1 billion cubic feet per day (Bcf/d) on extreme cold and related operational issues, the North Dakota Pipeline Authority estimated on Monday.
Canadian Regulator Clears Trans Mountain Pipeline Change, Allowing Early 2024 Completion
Trans Mountain had asked to be allowed to install smaller-diameter pipe in a 1.4-mile (2.3-km) section of the pipeline's route after encountering challenging drilling conditions due to the hardness of the rock in a mountainous area between Hope and Chilliwack in the province of British Columbia.
Frigid Temps Cut U.S. Natural Gas Supply as Demand Soars, Texas Faces Possible Shortfall
U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs.
U.S. Proposes Fee on Methane from Big Oil and Gas Producers
The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations.
U.S. Energy Firms Prepare as Extreme Freeze Could Hit Natural Gas Supplies
U.S. power and natural gas companies were preparing on Friday for extreme cold over this Martin Luther King Day holiday weekend that is expected to cause record gas demand while also cutting supplies by freezing wells.
$720 Billion in Pipeline Projects Defies Global Energy Transition Momentum for More Gassy Future
The investment - which has been committed to projects that are underway or are planned for the near future - reveals the powerful momentum that remains in traditional fossil fuel industries even as clean energy supplies are deployed at an accelerating rate.
Marie Tecnimont, Newcleo Team Up to Produce Carbon-Neutral Hydrogen
Newcleo has signed an agreement with Maire Tecnimont's units NextChem Tech and Tecnimont to use its nuclear reactors to decarbonize the chemical industry, including hydrogen production, the two companies said on Wednesday.
TotalEnergies Texas Refinery Faces Shutdown as Crude and Distillation Units Halt Operations
Both crude distillation units (CDUs) and two vacuum distillation units (VDUs) shut down on Thursday at TotalEnergies 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, sources familiar with plant operations said.
Commonwealth LNG Urges Biden to Support Pending LNG Export Application
U.S. liquefied natural gas (LNG) developer Commonwealth LNG on Thursday called on President Joe Biden to support its long-pending LNG export application.
BlackRock Strikes $12.5 Billion Deal for Global Infrastructure Partners
Once the deal closes, the firm will hold approximately $150 billion in infrastructure assets across a portfolio, including the U.S. liquefied natural gas export market.
Glenfarne's Texas LNG and EQT Sign 15-Year Agreement
Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition LLC, is set to build a four million tonnes per annum LNG export terminal in the Port of Brownsville, Texas. The company has inked an agreement with EQT Corp. for natural gas liquefaction services.
New Alternatives for Noise Reduction in Gas Pipelines
Natural gas pipeline pressure reduction applications pose significant design challenges for engineers. Since flow varies considerably through these stations, control valves are required to throttle over a wide range, with large pressure drops at times, which create the potential for high noise.
Optimizing Emergency Response Through Alarm Management
With the implementation of the PHMSA Control Room Management (CRM) Rule in 2012, pipeline operators and control room managers have become familiar with the fundamentals of alarm management.
PJM Asks Talen Energy to Delay Maryland Fossil Fuel Plant Retirements for Reliability
Talen Energy in October notified the grid operator of its intent to shut three oil-fired units and a natural gas combustion turbine unit at its H.A. Wagner facilities by June 2025.
Iran Seizes Oil Tanker Involved in U.S.-Iran Dispute in Gulf of Oman
Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the U.S., Iranian state media reported, a move likely to stoke regional tensions.
TotalEnergies Denies Plans to Sell NextDecade Shares Amid Market Speculation
TotalEnergies has no plans to sell its shares in U.S. LNG company NextDecade, the French energy group said on Thursday after market speculation over a potential sale.
Venture Global LNG Explains to FERC Its Failure to Sell Commercial Cargoes
Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide LNG cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to the Federal Energy Regulatory Commission (FERC).
Pipeline Giant Enbridge Targets Expanding Offshore Wind Investments in France, Steers Clear of Troubled U.S. Market
Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.
Chesapeake Energy, Southwestern Energy Merge in $7.4 Billion Deal, Forming Top U.S. Natural Gas Producer
Chesapeake Energy agreed to buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that will make it the largest independent U.S. natural gas producer.
Enbridge and EDF Renewables Launch Fox Squirrel Solar Complex in Ohio
EDF Renewables North America and Enbridge Inc. have announced that Phase 1 of Fox Squirrel Solar, the largest solar complex in Ohio, is fully operational and delivering decarbonized electricity to the PJM grid.
- 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
