Regions
U.S. Regulators Approve Startup Preparations for Plaquemines LNG Plant in Louisiana
Federal regulators on Friday gave Venture Global LNG permission to begin preparations for the start-up of liquefied natural gas equipment at its Plaquemines export plant in Louisiana, taking a step closer to first LNG production for the facility, about 20 miles south of New Orleans.
Texas Regulators Reject Gas Plant Proposal from State Financing Program Over Due Diligence Failures
Texas energy regulators have denied public funding requests for a proposed power plant days after naming the project as a finalist for a new state program aimed at building out natural gas-fired electricity generation, state documents show.
Poland's Orlen Secures Exclusive LNG Transshipment Deal in Lithuania
Polish top refiner Orlen has signed a five-year agreement with Lithuanian oil and gas logistics firm KN Energies for exclusive use of a waterfront LNG transshipment station in Klaipeda.
Azerbaijani President Confident on Ukraine Gas Route Talks
Azerbaijani President Ilham Aliyev said on Friday he was optimistic of a breakthrough in talks between Moscow and Kyiv to keep Russian gas flowing through Ukraine to several European countries.
Goldman Sachs Warns AI Could Weigh on Oil Prices, Reshaping Market Dynamics
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Sept. 3.
Crude Oil Bears Dominate as Market Ignores Bullish Signals: Russell
The response of crude oil markets to a series of developments this week shows how the bearish mindset is dominating the narrative.
Colombia Truck Protests Disrupt Key Pipelines, Threaten Ecopetrol Operations
Protests by truckers in Colombia, who are angry at an increase in diesel prices, have cut off the country's biggest cities and are threatening fuel supplies, though the government insists the hike is fair.
EOG Resources to Increase Utica Shale Activity in Ohio
"The Utica absolutely has the opportunity to be a foundational play," COO Jeff Leitzell said. "If we continue to have the success that we expect to, you can expect us to go ahead now and put more capital there."
U.S. Crude Stockpiles Fall to 1-Year Low as Imports Fall, EIA Says
Crude inventories, excluding the Strategic Petroleum Reserve, fell by 6.9 million barrels to 418.3 million barrels in the week ending Aug. 30, the EIA said, compared with analysts' expectations in a Reuters poll for a 993,000-barrel draw.
Texas Matterhorn Pipeline Begins Gas Flow, Could Boost Waha Prices, Permian Resources Says
The Matterhorn is the biggest gas pipe under construction that is capable of moving gas that has been trapped in the Permian basin, causing prices at the Waha Hub in West Texas to turn negative a record number of times this year.
Report: U.S. Oil, Gas M&A Nears 2023 High as Focus Shifts from Permian
Nearly $100 billion has been spent by U.S. producers on mergers and acquisitions so far this year, and another $46 billion in assets are currently for sale, according to analysts.
Crescent Energy Buys Eagle Ford Assets for $168 Million
Crescent Energy has announced the acquisition of assets from a private Eagle Ford operator for $168 million, the company announced on Sept. 4.
Williams Denies Report of Buyout Offer to Targa Resources
Williams Companies denied extending any offer to oil and gas transportation firm Targa Resources, after a report said the latter had rebuffed a takeover interest from the former.
Chesapeake Energy Continues Curtailing U.S. Gas Output Amid Low Prices, CEO Says
U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company's CEO Nick Dell'Osso said at the Barclays CEO Energy-Power Conference on Wednesday.
Williams to Add 4.2 Bcf/d of Natural Gas Capacity by 2027
The new projects include the 1.8-Bcf/d Louisiana Energy Gateway gas pipeline, which is under construction and expected to enter service in 2025, and the 1.6-Bcf/d Southeast Supply Enhancement, which could enter service by 2027.
U.S. LNG Export Dominance Under Pressure as Europe's Demand Drops: Maguire
The United States has remained the largest exporter of LNG so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.
ADNOC Acquires 35% Stake in Exxon’s Texas Hydrogen Plant
Abu Dhabi state oil giant ADNOC will acquire a 35% stake in a planned Exxon Mobil large-scale hydrogen plant in Texas, the companies said on Wednesday.
Vista Energy to Invest $1.1 Billion in Argentina's Vaca Muerta Shale Expansion
In a push to unlock more of the oil riches buried in a massive shale deposit in Argentina, Vista Energy will invest about $1.1 billion this year as it also aims to cut costs there by double digits, the firm's CEO said.
Argus Launches New Price Quotes for Trans Mountain Pipeline Oil Exports to Asia
Oil pricing agency Argus launched on Wednesday three daily price quotes for crude exported from western Canada's newly expanded Trans Mountain (TMX) pipeline amid rising demand for the oil from Asia.
Voyager Midstream Snaps Up 550 Miles of Gas Pipelines in Key Haynesville Deal with Phillips 66
(P&GJ) — Voyager Midstream, backed by Pearl Energy Investments, has acquired natural gas gathering and processing assets from Phillips 66 in East Texas and North Louisiana, placing it strategically in the Haynesville Shale region.
New Fortress Energy Approved to Export LNG from Mexico to Non-FTA Countries
New Fortress Energy has received authorization from the U.S. Department of Energy to export LNG from its offshore Altamira-based plant in Mexico to non-free trade agreement countries.
U.S. LNG Exports Surge in August as Freeport LNG Output Recovers
Exports of U.S. LNG bounced higher in August as output from the country's second-largest export facility rose following an outage and maintenance activities at other plants wound down, LSEG data showed on Tuesday.
Eni and Snam Launch Italy’s First Carbon Capture Project to Cut Emissions
Eni and Snam have launched Italy's first carbon capture, transport and storage project to help heavy polluting industries cut carbon dioxide emissions, they said on Tuesday.
Trans Mountain Expansion Spurs Rate Cuts Among Rival Pipelines
Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of crude oil due to rising competition from the newly expanded Trans Mountain pipeline.
LNG Tankers Queue at Malaysia's Bintulu Complex Post-Maintenance
A backlog of LNG tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.
Half of Finland’s Inkoo LNG Slots Already Booked for 2025
Customers of Finland's Gasgrid have so far booked half the available slots for imports of LNG via the Inkoo floating storage and regasification unit in 2025, the company said late on Monday.
Putin Arrives in Mongolia, a Key Link in Russia's Planned Gas Pipeline to China
The Kremlin said on Monday that Russian President Vladimir Putin had arrived for a state visit in Mongolia, which lies on the route of a planned new gas pipeline connecting Russia and China.
Exports from Libya's Hariga Oil Port Stopped as Crude Supply Dries Up
The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.
Saudi Arabia Expected to Slash October Crude Prices for Asia Amid Weak Margins
Top oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday.
Dangote Refinery Starts Gasoline Processing, NNPC Set as Exclusive Buyer
The $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, began operations in January with output of products including naphtha and jet fuel.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
