North America
Western Midstream Closes Meritage Acquisition, Adds 1,500 Miles of Gas Pipelines
(P&GJ) — In the $885 million deal, Western Midstream successfully acquired Meritage's 1,500 miles of high- and low-pressure natural gas gathering pipelines in Wyoming's Powder River Basin.
Eagle LNG Delivers First LNG Carrier for Caribbean Basin Service
(P&GJ) — Eagle LNG Partners LLC has announced the successful delivery of its first LNG carrier, the Coral Favia, from Anthony Veder. The 10,000 cubic meter LNG supply vessel is the first of a planned fleet from Eagle LNG offering LNG supply and bunker services for the Caribbean basin.
As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.
Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
The rupture occurred when an excavator operator accidentally damaged a 22-inch gas pipeline near Middleton. However, Williams contested the local authorities' account of the incident, asserting no ignition, fire, or explosion was connected to the occurrence.
Canadian Regulator Set to Decide on Trans Mountain Expansion Tolls
The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp.'s proposed shipping tolls for its oil pipeline expansion project this autumn before holding a hearing on the tolls next year.
TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
Canadian pipeline operator TC Energy on Thursday named industry veteran and former CEO Hal Kvisle as the chair of its oil pipeline unit.
FERC Grants Venture Global Approval for Steam Generator Modifications at Louisiana LNG Plant
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday granted Venture Global LNG permission to proceed with the heat recovery steam generator modifications at the Calcasieu Pass LNG export plant in Louisiana.
Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
The Biden administration has announced that seven proposed "hydrogen hubs" in 16 states will share $7 billion in federal grants to jump-start the emerging industry, with hubs in Texas' Gulf Coast and California each receiving a hefty $1.2 billion.
Trace, Molpus to Develop Evergreen Carbon Sequestration Hub in Louisiana
(P&GJ) — Trace Carbon Solutions LLC and Molpus Woodlands Group have agreed to develop and operate a carbon sequestration site on approximately 20,000 acres in Calcasieu and Beauregard parishes in Louisiana.
Oil Reverses Gains After U.S. Posts Large Crude Build
Oil prices reversed early gains on Thursday in a volatile session after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest rates had peaked.
Port of Corpus Christi Breaks Records with 52 Million Tons Moved in Q3
(P&GJ) — For the first time in its history, Port of Corpus Christi customers have moved more than 50 million tons of goods through the Corpus Christi Ship Channel in a single quarter, setting a record for the sixth consecutive quarter.
Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
Canada faces an uphill battle to recoup the roughly $25.74 billion in taxpayers' money it has sunk into the Trans Mountain oil pipeline, as uncertainty over shipping tolls and a limited pool of buyers cloud the asset's unique strategic value.
Pennsylvania Hydrogen Hubs Among Winners of $7 Billion in U.S. Grants
Two hydrogen hubs projects partially located in Pennsylvania- one in the mid-Atlanic region and one in the Appalachian region — will receive part of $7 billion in U.S. federal grants that will be announced on Friday, sources familiar with the plan told Reuters on Wednesday.
Venture Global Requests FERC Approval to Start Service at Louisiana Calcasieu LNG Plant Amid Customer Disputes
The startup of commercial service at that plant is the subject of several disputes between Venture Global and some of its customers, including units of European energy firms Shell, BP, Edison and Repsol.
Exxon's $60 Billion Acquisition of Pioneer Boosts Permian Presence
Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production.
Damaged Pipeline Triggers Gas Explosion, Leveling Home in Woodstock, Illinois
(P&GJ) — A gas explosion occurred in the northern suburbs of Woodstock on Monday, resulting in the leveling of a residence and damage to at least eight other structures. The explosion was triggered by a gas main being accidentally struck during work on a sewer line.
Exxon's $60 Billion Acquisition of Pioneer Could Squeeze US Oil Suppliers, Pipelines
Top U.S. oil producer Exxon Mobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said.
Energy Transfer Pipeline Rupture Sparks Twin Explosions in Garland County
(P&GJ) — In Garland County, Arkansas, emergency teams swiftly responded to a gas pipeline rupture on Oct. 4. Energy Transfer owns the pipeline, and their crews promptly shut down one end of the line while addressing the situation at the other end.
Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin
(P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.
Keystone Pipeline Back to Normal Operations After Brief Maintenance Shutdown
TC Energy's 600,000 barrel-per-day Keystone oil pipeline returned to normal operations on Wednesday after briefly being shut down for maintenance on Tuesday, two industry sources said.
Biggest Oil and Gas Sector Deals Since 2000
Exxon Mobil is on the brink of a game-changing $60 billion acquisition of shale producer Pioneer Natural Resources, marking their most significant deal since 1998. This landmark move is set to redefine the energy landscape, and our article highlights the major oil and gas sector transactions that have shaped the industry since 2000.
Trans Mountain to Begin Line Fill for Canadian Oil Pipeline in First-Quarter 2024
The Trans Mountain oil pipeline expansion will initiate the line fill process in the first quarter of 2024, with an expected duration of six to seven weeks. Filling the pipeline with oil will require about 4.5 million barrels, Trans Mountain Corp said.
Keyera Completes 357-Mile Key Access Pipeline System
(P&GJ) — Keyera Corp. has successfully completed the Key Access Pipeline System (KAPS), a 575-kilometer (357-mile) NGLs and condensate pipeline. It will transport 350,000 barrels per day (bbl/d) of NGL and condensate from the Montney and Duvernay basins to Keyera's processing hub in Alberta's Industrial Heartland, Fort Saskatchewan.
Tellurian Asks FERC for 3-Year Extension to Finish Louisiana Driftwood LNG Export Plant
U.S. energy company Tellurian Inc. has asked federal energy regulators for more time to build its Driftwood liquefied natural gas (LNG) export plant in Louisiana.
UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.
US Deputy Interior Secretary Beaudreau Resigns; Responsible for Approving Willow Project
Earlier this year, U.S. Deputy Interior Secretary Tommy Beaudreau signed the final approval for a scaled-back version of ConocoPhillips' $7 billion Willow project to drill for oil and gas in Alaska, drawing cheers from the oil industry and criticism from environmental activists.
Civitas Resources to Buy Permian Oil Assets for Roughly $2.1 Billion
(P&GJ) — Civitas Resources entered into an agreement with Vencer Energy, a Vitol investment, to acquire oil-producing assets in the Midland Basin of West Texas for approximately $2.1 billion.
BP Explores $1 Billion Sale of Stake in US Pipelines
BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter.
BP Launches First US Biogas Plant Since Archaea Acquisition
BP on Wednesday launched its first plant processing renewable gas from landfill since its $4 billion acquisition of the largest U.S. biogas producer, Archaea Energy, last December.
Trafigura Secures $400 Million Loan Facility to Purchase LNG from US Exporters
Commodity trader Trafigura on Wednesday said it has secured two revolving credit facilities totaling $400 million, supported by insurance from the Export-Import Bank of the United States.
- 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
