North America
Clean Energy, TotalEnergies First Renewable Natural Gas Facility Begins to Sell Environmental Credits
(P&GJ) — Clean Energy Fuels Corp. and TotalEnergies SE have announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers credits under the U.S. EPA's Renewable Fuel Standard.
Analysis: US Northeast Looks at Winter Threat Once Again
(P&GJ) – Driven in large part by the New England states’ policies seeking to reduce carbon emissions, the shift toward renewable resources to power the electric grid has been underway for years in the region.
Enterprise Reveals Permian Growth Projects; Takes Seminole Pipeline Out of Crude Oil Service
(P&GJ) — Enterprise Products Partners L.P. has announced four new capital projects in the Permian Basin and also revealed that it has begun initial steps to return the Seminole Pipeline, which has a capacity of 210,000 bbl/d of crude oil, to natural gas liquid (NGL) transportation service in December 2023.
Mountain Valley Gas Pipeline Set for Q1 2024 Completion
Equitrans Midstream remains on track to complete the Mountain Valley natural gas pipeline from West Virginia to Virginia in the first quarter of 2024 at an estimated cost of $7.2 billion, U.S. energy company Equitrans Midstream said on Tuesday.
MPLX Completes Whistler Pipeline Expansion, Advances Permian Gas Processing Plant
In the Permian Basin, MPLX completed its Whistler pipeline expansion from 2 Bcf/d to 2.5 Bcf/d at the end of Q3. In the Delaware Basin, MPLX also progressed the construction of its sixth natural gas processing plant, Preakness ll, expected online in the first half of 2024, the company said.
TC Energy Completes Pipe Installations at Troubled Coastal GasLink Project
TC Energy said on Monday it had installed pipes across the entire route of its Coastal GasLink project, keeping the Canadian energy firm on track to complete the work by year-end.
Bakken Shale Unlikely to Return to Glory Days, Even With Chevron, Hess Deal, Analysist Predict
The Bakken formation is a long way from export terminals, which means producers have higher transport fees and smaller profits than their competitors in the giant Texan and New Mexican shale areas that are closer to the main export hubs on the Gulf Coast.
BP Considers Forming Shale Joint Ventures Around U.S. Natural Gas Fields, Sources Say
London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, three sources with direct knowledge of the matter said.
US Reviews of LNG Export Permits Slow Under Biden Administration
The average time for issuing an export license has climbed under the Biden administration to over 330 days from 155 days under the Obama administration and 49 days under the Trump administration, according to DOE data.
Enverus: US Exxon, Chevron Megadeals to Spark Consolidation Across Energy Industry
Other deals in the third quarter included Permian Resources' $4.5 billion acquisition of Earthstone Energy, and Energy Transfer's $7.1 billion acquisition of pipeline rival Crestwood Equity Partners.
WBI Energy's North Dakota Natural Gas Pipeline Expansion Gets FERC Approval
(P&GJ) — For the project, WBI Energy will construct approximately 60 miles of 12-inch natural gas pipeline and ancillary facilities to Wahpeton from an existing compressor station at Mapleton, North Dakota.
Poll: 68% of Canadians Oppose Government's $20 Billion Writedown on Trans Mountain Pipeline
More than two-thirds of Canadians oppose the federal government taking a multibillion-dollar writedown on the Trans Mountain pipeline, a survey showed on Tuesday, a dilemma for Justin Trudeau's Liberals as they look to sell it ahead of an election expected by 2025.
Pipeline-Bound RNG Production Facility Construction Kicks Off in New Jersey
(P&GJ) — South Jersey Industries, OPAL Fuels Inc., and Atlantic County Utilities Authority have announced that construction has commenced on a new RNG production facility (Atlantic RNG) located at ACUA’s solid waste landfill in Egg Harbor Township, New Jersey.
CER Commission Recommends Approval of NorthRiver Midstream Connection Project
(P&GJ) — The Commission of the Canada Energy Regulator (CER) recommended approval of NorthRiver Midstream's NEBC Connector Project on Oct. 18. The project involves constructing and operating two parallel, 215-km (134-mile) natural gas liquids pipelines from B.C. to Alberta.
Williams’ DJ Basin Move May Signal New Investments
(P&GJ) — Early in 2023, Tulsa-based energy infrastructure giant Williams wasted no time in announcing that it had acquired MountainWest Pipelines Holding Company from Southwest Gas Holdings, in a transaction that included $1.07 billion in cash and $430 million in assumed debt, for an enterprise value of $1.5 billion.
Global News October 2023
Latest industry developments from around the world!
Navigator CO2 Ventures Cancels 1,300-Mile Carbon Pipeline Project in U.S. Midwest
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said, citing "unpredictable" state regulatory processes.
U.S. Gulf Coast Oil Patch Gets Lucky, So Far, in Busy Hurricane Season
A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.
Oil on Track for Second Week of Gains on Gaza Contagion Fears
Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions.
U.S. Broadly Eases Venezuela Oil Sanctions After Election Deal
The Biden administration on Wednesday broadly eased sanctions on Venezuela's oil sector in response to a deal reached between the government and opposition parties for the 2024 election - the most extensive rollback of Trump-era restrictions on Caracas.
U.S. Hopes to Buy 6 Million Barrels for Oil Reserve by January
President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to replenish the emergency stockpile, the U.S. Department of Energy said on Thursday.
US Oil Refiners Crank Out Diesel, Further Squeezing Margins for Gasoline
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.
Canada Court Ruling on Key Environmental Law Risks Deterring Investments
The ruling comes as Canada seeks billions of dollars of fresh investments to unearth minerals that play key role in the transition to a greener economy. More than $20 billion in foreign capital has fled the oil patch since 2017, partly because of delays in building new pipelines.
Venezuela May Redirect Oil Exports Away from China as U.S. Eases Sanctions
Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said.
Repsol CEO Vows Legal Action to Secure LNG Cargoes in Dispute with Venture Global
Spanish energy giant Repsol SA will take action against US gas exporter Venture Global LNG to obtain LNG cargoes under a long-term contract, the company's chief executive said on Wednesday.
Chesapeake Considers Acquisition of Rival Natural Gas Producer Southwestern Energy
U.S. natural gas producer Chesapeake Energy Corp. has approached Southwestern Energy, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said.
Shell Urges DOE to Approve Energy Transfer’s LNG Export License Application
Shell PLC has submitted a letter to the U.S. Energy Department in support of Energy Transfer's request for a new license to export LNG to countries without free trade agreements with the U.S., saying the pipeline operator is a reliable gas supplier.
Williams Selected by DOE to Participate in Two Regional Clean Hydrogen Hubs
(P&GJ) — The U.S. Department of Energy (DOE) has chosen Williams to join two hydrogen hubs, one in the Pacific Northwest and another in Appalachia.
Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets
(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.
Japan’s Inpex Enters Partnership to Develop Low-Cost Hydrogen Hub in South Texas
(P&GJ) — Inpex and Green Hydrogen International (GHI) have agreed to advance GHI's flagship Hydrogen City production hub in South Texas to produce green hydrogen and green ammonia to meet growing Asian and global market demand.
- 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
