Regions

Germany Completes Construction of Wilhelmshaven Floating LNG Terminal

Germany on Tuesday completed construction of its first floating terminal for LNG at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas.

Oil Prices Settle Higher on Druzhba Oil Pipeline Disruption

Oil prices rose on Tuesday and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a fall in pressure. Russia's state-owned pipeline monopoly Transneft has been notified by Ukraine of the pipeline disruption, the RIA news agency quoted Transneft as saying on Tuesday.

US Natural Gas Futures Pare Gains on Texas Freeport LNG Delay Rumors

U.S. natural gas futures pared earlier gains on Monday from up over 8% to up just 3% on unconfirmed rumors that Freeport LNG delayed the restart of its liquefied natural gas export plant in Texas from November to December.

Poland Gains Control of Gazprom’s Local Gas Pipeline Assets

Poland will take over Gazprom's Polish assets, a minister said on Monday, adding the move concerned the Russian company's 48% stake in Europolgaz, which owns the Polish section of the Yamal gas pipeline.

NERC: Winter Power Resources May Be Tight in Parts of North America

The organization responsible for the reliability of the U.S. and Canadian power grids said on Wednesday that generation resources could be tight across a large portion of North America on the coldest days this winter.

Norway's Aker BP Wants "Price Floor" in European Gas Supply Deals

European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.

Canada, Nigeria Target Oil and Gas Methane Emissions with New Laws

Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector.

Portugal Seeks to Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion), the environment minister said on Thursday.

Argentina’s YPF Nearly Triples Q3 Profit on Upped Production, Prices

Argentina's national oil company YPF reported on Wednesday it nearly tripled its third-quarter net profit compared to the same period last year as production and prices rose.

Snam to Invest $3.8 Billion in Italy's Gas Network, Including Proposed Adriatic Pipeline

Snam will invest $3.76 billion in Italy's gas network - including the proposed Adriatic pipeline project - to improve transport facilities from the south to the north of the country and boost supply from Africa, it said on Thursday.

US Allows Transactions to Free Sanctioned Oil Tanker Stranded in Indonesia

The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline.

Alaska State Company Proposes Hydrogen Hub, Eyeing Federal Funds

"The Alaska Hydrogen Hub concept anticipates using $850 million in DOE funding along with $3.75 billion in private-sector funds, backed by offtake agreements from hydrogen customers in the U.S. and Asia," the Alaskan state-owned AGDC said.

Two New Natural Gas Reservoirs Discovered in Bahrain

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday.

UK to Announce US Gas Deal After Climate Change Summit

Britain hopes the United States will promise about 10 billion cubic meters of LNG over the coming year, the Telegraph newspaper reported, adding that discussions about the deal are in their final stages and an announcement could come in a week or two.

Stakeholder Midstream to Double Gas Capacity in Permian with Second Processing Train

(P&GJ) — Stakeholder Midstream LLC said on Oct. 26 that it reached a final investment decision on the installation of a second treating and processing train at its Campo Viejo facility. The installation of Train II will double the current inlet gas capacity from approximately 80 MMcf/d to approximately 160 MMcf/d.

Uganda Says First Oil in April 2025, Eyes China for Pipeline Funding

Uganda aims to start commercially pumping its oil reserves in April 2025, with China being considered as a potential source of funds to develop an export pipeline, Uganda's energy minister said on Tuesday.

Italy's Emilia Romagna Region Backs $1 Billion Floating LNG Project in Adriatic Sea

Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic Sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies.

Gas Producer Pampa to Invest $550 Million in Vaca Muerta Shale Push Next Year

Pampa Energía, the third largest gas producer in Argentina's Neuquén basin, will invest $550 million in 2023 to increase its unconventional production from the huge Vaca Muerta shale formation, the firm's president Marcelo Mindlin said.

Trinidad Asks US to Allow Venezuelan Gas Imports for LNG Plant

The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said.

Enbridge Approves $2.7 Billion Expansion of Southern B.C. Pipeline System

Enbridge Inc. on Friday sanctioned an expansion of the southern segment of its British Columbia (B.C.) pipeline system, a project that would cost up to $2.65 billion, after strong demand from crude oil producers.

Forty Countries Expected to Unveil Methane Plans at UN Climate Summit

Some forty of the 119 countries that pledged last year to slash emissions of the powerful greenhouse gas methane will unveil their plans to do so at the UN climate summit next week, according to a senior U.S. official.

IEA: Europe Must Act Now to Avoid Winter 2023 Gas Shortages

Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency said on Thursday.

German Navy Helping Norway Protect Oil Rigs, Pipelines

The German navy is helping Norway to protect critical maritime infrastructure such as oil rigs, undersea cables and pipelines, is ready to do the same off the Danish and Swedish coasts, its head said on Thursday.

Mitsui Says Russia's Sakhalin-2 Gas Project Can Cope Without Shell

The Sakhalin-2 LNG project in Russia has enough technical expertise to operate even without departed shareholder Shell, Mitsui & Co. CEO Kenichi Hori said on Wednesday.

Equitrans Wants US Legislation to Help Finish Mountain Valley Gas Pipeline

U.S. energy company Equitrans Midstream Corp. said on Tuesday that the best path to complete its Mountain Valley natural gas pipeline from West Virginia to Virginia by the second half of 2023 was through U.S. permitting reform legislation.

Putin Says Turkish Gas Hub Can Easily Be Set Up, Reveals Pipeline Damage Details

Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts.

New Fortress Energy, CFE Finalize Deal for FLNG Hub Offshore Mexico

(P&GJ) — New Fortress Energy Inc. has finalized its agreements with Comisión Federal de Electricidad (CFE) to create a new FLNG hub off the coast of Altamira, Tamaulipas, with CFE supplying requisite feedgas to multiple NFE FLNG units using CFE’s existing and underutilized pipeline capacity.

Factbox: Germany's LNG Import Project Plans

Germany is acquiring LNG terminals as part of its efforts to diversify away from Russian gas. Here is a snapshot of known LNG project activity in Germany.

Japan Asks Malaysia's Petronas to Help Customers after LNG Disruption

Japanese industry minister Yasutoshi Nishimura has asked Petronas CEO Tengku Taufik to continue efforts to mitigate the impact on Japanese customers of its LNG after a disruption at Malaysia LNG.

Higher LNG Exports May Turbocharge US Energy Transition

Sales of U.S. "freedom gas" are on track to smash volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher natural gas prices.