Regulation
FTC Bars Hess CEO from Chevron Board Seat in $53 Billion Deal, Sources Say
U.S. antitrust regulators will block Hess CEO John Hess from joining Chevron's board as a condition for approving Chevron's $53 billion acquisition of Hess, according to sources. This mirrors restrictions in other recent oil industry megamergers.
FTC Set to Greenlight Chevron's $53 Billion Buy of Oil Rival Hess, Sources Say
The U.S. Federal Trade Commission is expected to greenlight Chevron’s $53 billion acquisition of Hess this week, according to sources. While FTC approval is near, Exxon Mobil’s legal challenge over Hess’s Guyana assets remains a key hurdle, with a decision expected by mid-2025.
Texas Sues Biden Administration Over Lizard Protection, Cites Threat to Permian Basin Oil Operations
Texas Attorney General Ken Paxton has sued the Biden administration over the dunes sagebrush lizard's endangered status, claiming it threatens oil and gas production in the Permian Basin. The lawsuit argues that the decision is politically motivated and could harm Texas' energy industry.
Dutch Urge Tougher Sanctions as Russian LNG Imports Surge
Imports of liquefied natural gas (LNG) from Russia at the Netherlands' main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government said on Monday.
Kiewit, Venture Global LNG Settle Dispute Over Alleged Disclosure of Confidential Info to Shell
Construction contractor Kiewit on Thursday said it has settled a lawsuit with LNG developer Venture Global LNG over disclosures to Shell of information on the Calcasieu Pass LNG plant, the president of Kiewit Energy said.
Argentina's Reversion del Norte Pipeline Project Nears Completion After Successfully Crossing River
Argentina's 93-mile Reversion del Norte pipeline has overcome significant delays, reaching a key milestone by crossing the Tercero River. The project, crucial for gas supply to northern Argentina and exports to Bolivia and Brazil, is now on track for completion in late 2024.
Energy Leaders Believe VP Harris Won’t Ban Fracing, Citing Gas Price Risks
U.S. Vice President Kamala Harris understands natural gas prices will rise if fracing is banned, industry executives said, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president.
Energy Transfer Pipeline Fire Continues to Burn in La Porte, Texas
Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, was still burning on Tuesday and a state regulator said it would probably keep burning into the afternoon.
ConocoPhillips CEO Calls for U.S. to End 'Crazy' LNG Permit Pause
ConocoPhillips CEO Ryan Lance on Tuesday called on the U.S. government to end "this crazy LNG (permit) pause" and allow the country to lead the liquefied natural gas industry.
U.S. Capitalizes on Low Oil Prices to Buy 6 Million Barrels for Strategic Reserve
The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with issue said on Tuesday, a purchase that if completed will match its largest yet in the replenishment of the stash after a historic sale in 2022.
Chevron CEO Criticizes Biden’s Gas Policies, Says AI Depends on Permian Gas
Chevron CEO Michael Wirth criticized the Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
Federal Judge Halts New Drilling Permits for Massive Wyoming Oil Project
A federal judge on Friday blocked new oil drilling permits from being granted for a 5,000-well oil and gas development project in Wyoming that was approved in the waning days of Republican former President Donald Trump's administration.
TC Energy's Coastal GasLink Pipeline Faces New Environmental Fine for Non-Compliance
TC Energy's Coastal GasLink pipeline in western Canada has been fined $434,558 for 10 environmental non-compliance penalties, the British Columbia government said.
Enbridge Agrees to Reapply for Key Permit, Stalling Line 5 Tunnel Project
Enbridge has agreed not to use a 2021 permit from Michigan’s Department of Environment, Great Lakes, and Energy (EGLE) for its Line 5 tunnel project and will seek a new permit instead.
Texas LNG Secures Final Investment Decision with New Offtake Agreement
Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, has secured enough customer commitments to move forward with its liquefied natural gas (LNG) export terminal project in the Port of Brownsville, Texas.
NextDecade Vows Legal Battle to Keep Rio Grande LNG on Track
NextDecade will appeal this month to a federal court ruling that overturned the Federal Energy Regulatory Commission's approval of the initial phase of its $18.4 billion Rio Grande LNG project, CEO Matthew Schatzman said on Monday.
Williams Gains Chatham Council's Backing for Major Transco Pipeline Expansion
Virgnia’s Chatham Town Council has thrown its support behind the Transco Southeast Supply Enhancement Project with a unanimous vote. The proposed project includes constructing nearly 55 miles of new pipeline across Virginia and North Carolina.
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.
How Artificial Intelligence Will Transform Pipeline Construction
Artificial Intelligence is all the rage. Nearly all of the discussion is how efficiently it can perform repetitive tasks, forecasting, etc. There are fears, as well, that AI will displace humans and their jobs.
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.
Transnet Posts Larger Loss Amid Pipeline Litigation Costs
South African state-owned logistics group Transnet made a larger loss than the previous year of $408 million in the year to end-March 2024 as it battles litigation over pipeline charges, it reported on Monday.
EU to Tighten Hydrogen Funding Rules Amid Cheap Chinese Imports
The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU's head of climate change policy said on Monday.
India's ONGC Seeks U.S. License to Operate Venezuela Oil Projects
India's ONGC Videsh Ltd. is seeking U.S. approval to operate two projects in sanction-hit Venezuela to boost output.
Russia Defies Sanctions, Moves Forward with Arctic LNG 2 Project: LSEG Data
Russia's largest LNG producer Novatek appears to be preparing a floating storage unit to receive gas as part of its Arctic LNG 2 project, in defiance of sanctions, LSEG ship-tracking data showed on Friday.
Trump Vows to Scrap Biden’s Clean Power Rules, Fast-Track New Energy Projects
Donald Trump would rescind many of President Joe Biden's clean energy rules while also speeding approvals of power plants to meet the nation's rising electricity demands, the Republican's presidential campaign said on Thursday.
Venture Global Seeks FERC Approval to Unload First LNG Cargo at Plaquemines Plant
Venture Global LNG has sought authorization from U.S. energy regulators to unload the first LNG commissioning cargo at the Plaquemines export plant in Louisiana by Aug. 30.
Golden Pass LNG Seeks Three-Year Extension for $10 Billion Project After Dropping Lead Contractor
The developer of a Texas LNG export project has asked U.S. regulators for a three-year extension to complete construction of the $10 billion Golden Pass LNG project, citing scheduling uncertainties.
Musk's xAI Accused of Running Unpermitted Gas Turbines at Tennessee Data Center
"Despite installing nearly 20 gas turbines with a combined capacity of about 100 MW - enough electricity to power around 50,000 homes - xAI apparently has not applied for any air permits for these turbines," the Southern Environmental Law Center said in a letter to the EPA.
Baltimore Takes Shale Producers to Court Over Alleged Price-Fixing Scheme
The city of Baltimore has hit major U.S. shale oil producers including Hess and Permian Resources with a lawsuit alleging they conspired to curb production, leading to higher prices for gasoline, diesel fuel and heating oil.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Traverse Pipeline Approved to Move 1.75 Bcf/d of Gas Along 160-Mile South Texas–Katy Route
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
