North America
Army Corps Extends Line 5 Tunnel Review, Delaying Enbridge’s Pipeline Project by 18 Months
Canada's Enbridge Inc. said on Thursday it was "disappointed" by the U.S. Army Corps of Engineers' decision to extend the federal permitting process for the company's proposed Great Lakes Tunnel that would rehouse its Line 5 oil pipeline underneath the Straits of Mackinac.
Editor’s Notebook: Getting the CO2 Out
(P&GJ) — Navigator Heartland Greenway has voluntarily withdrawn its application for a certificate of authority to build a 250-mile portion of its CO2 pipeline through a part of western Illinois, but the company said it plans to refile soon.
IPC CEO Urges Canada to Offer More Funding to Build Carbon Capture
International Petroleum Corp., the first foreign oil company to sanction a project in Canada's oil sands in more than a decade, could add carbon capture and storage (CCS) to the plant if more government financial incentives become available, its CEO told Reuters.
Sempra Reaches Final Investment Decision on Port Arthur LNG Plant's Phase 1
U.S. power and gas utility Sempra Energy said on Monday the first phase of its proposed Port Arthur LNG export terminal received the financial greenlight to move ahead with investment firm KKR & Co. agreeing to a minority stake in the project.
Canada's B.C. Province Sets High Emissions Bar for New LNG Projects
British Columbia's decision this week to toughen emissions standards for new LNG projects creates one of the most robust climate plans in North America, but sets a high hurdle for industry even as many countries look to Canada to become a global supplier of gas.
British Columbia Toughens Emissions Standards for New LNG Projects
As part of a new energy action framework, the western Canadian province will require proposed LNG projects that are going through or entering the environmental assessment process to have a credible plan to be net-zero emissions by 2030.
Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
"Following a study carried out by the company, it was determined to not continue with the Saint John liquefaction project as the tolls associated to it made it uneconomical," a Repsol spokesperson said in a statement.
Green Groups Sue Biden Administration Over Approval of Alaska Willow Oil Project
Six environmental groups filed a lawsuit on Tuesday over the Biden administration's approval of ConocoPhillips' Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more development in an ecologically sensitive region.
Pembina Pipeline, Haisla Nation Receive Approval to Construct Pipeline for Cedar LNG Project
The Haisla Nation and Pembina Pipeline Corp., partners in the development of the proposed Cedar LNG project, have announced that Cedar LNG has received its Environmental Assessment Certificate for the construction of a pipeline that will connect the project into the Coastal GasLink pipeline.
Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of LNG export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.
EIA: US Shale Production Set to Rise to Highest Since December 2019 in April
Shale production is expected to rise by 68,000 barrels daily — the slimmest rise since December 2022 — to 9.21 million bbl/d, the EIA data showed. Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 million bbl/d.
Venture Global LNG to Move Forward with Phase 2 of Plaquemines Export Plant
U.S. liquefied natural gas company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing.
Biden Administration Approves ConocoPhillips' $7 Billion Willow Project in Alaska
The Biden administration has approved a scaled-back version of ConocoPhillips' $7 billion oil and gas drilling project in Alaska. The department reduced the size of ConocoPhillips' proposal by 40% by denying two requested drill pads that will prevent the development of 11 miles of roads, 20 miles of pipelines, and 133 acres of gravel.
Trans Mountain Oil Pipeline Expansion Costs Surge 44% to $22.4 Billion
The cost of the Canadian government-owned Trans Mountain oil pipeline expansion has jumped 44% from last year's estimate to $22.35 billion, the federal corporation building the project said on Friday.
CERAWeek: Keystone Pipeline Oil Flows Won't Change After US Order to Cut Pressure, CEO Says
Oil flows on TC Energy's Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, CEO François Poirier told Reuters on Thursday.
US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
Navigator CO2 Ventures’ proposed carbon pipeline project in the U.S. Midwest is struggling to secure a site to store millions of tons of greenhouse gas it hopes to collect from the region’s ethanol plants, as residents refuse to give up land rights over fears the underground reservoirs could leak, according to documents reviewed by Reuters.
CERAWeek: Collapse in US Natural Gas Prices Dents Market for Shale Deals
This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to buy when prices were much, much higher.
US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
The U.S. pipeline regulator said on Tuesday it would require TC Energy to reduce operating pressure on more than 1,000 additional miles (1,609 km) of its Keystone pipeline that spilled about 13,000 barrels of oil in rural Kansas in December.
EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
The statistical arm of the U.S. Department of Energy projected dry gas production would rise to 100.67 billion cubic feet per day (Bcf/d) in 2023 and 101.69 Bcf/d in 2024 from a record 98.09 Bcf/d in 2022.
Pipeline Operator Enbridge Expected to Supply More Gulf Coast LNG Export Facilities, CEO Says
Energy infrastructure company Enbridge Inc. is expected to supply two to three more LNG export facilities throughout the U.S. Gulf Coast "before too long," up from the four it currently supplies, CEO Greg Ebel told Reuters on Monday.
Occidental to Use Siemens Energy Compressors at Direct Air Capture Plant in Permian Basin
(P&GJ) — Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture plant in Texas’ Permian Basin, the company announced on March 6. The equipment will compress the captured CO2 for additional processing and pressurize the final product into a pipeline for injection into underground reservoirs.
Chesapeake Signs 15-Year LNG Supply Deal with Gunvor
U.S. natural gas producer Chesapeake Energy Corp. said on Monday it would supply a unit of Swiss commodity trader Gunvor Group Ltd. with up to 2 MTPA of U.S. LNG for a period of 15 years.
Mountain Valley Pipeline Gets a Key Approval to Restart Construction
The Biden administration has determined that restarting construction on the Mountain Valley Pipeline won’t significantly jeopardize rare fish and other endangered species along its path, clearing a major hurdle that was keeping developers from finishing the project.
ConocoPhillips’ Willow Oil, Gas Drilling Project in Alaska Sparks Green Opposition
Environmental and climate activists are rallying online against ConocoPhillips’ proposed Willow oil and gas drilling project in Alaska as the administration of U.S. President Joe Biden weighs whether to greenlight the controversial plan.
Biden Administration Works on 'Green' Natural Gas as US Vies for Top LNG Spot
The Biden administration is holding talks with global energy companies and foreign officials in an effort to set standards for certified natural gas, a form of the fuel that producers market as climate friendly.
US LNG Exports Flat Despite Freeport LNG Partial Restart
U.S. exports of LNG were flat last month at 6.84 million tonnes, shipping data showed on Thursday, even as a long-idled Texas processing facility began shipping the fuel during an ongoing restart.
Tellurian Says Chairman Sold Stock Ahead of Looming End of Gunvor Contract
U.S. LNG developer Tellurian Inc. said in a federal filing late Wednesday that its Executive Chairman Charif Souki sold about $1.1 million of Tellurian stock days before an LNG purchase agreement with commodity trader Gunvor Ltd was set to expire on Feb. 28.
Global News - March 2023
Latest industry news and developments
New Fortress Plans to Start Producing LNG at Altamira, Mexico in July
U.S. company New Fortress Energy Inc. said on Tuesday it planned to finish building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing LNG there in July.
Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million
Calgary, Alberta-based pipeline operator Enbridge Inc. said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its LNG export business.
- 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
