Regulation
EU Ramps Up Support for CO2 Pipelines, Decarbonization Efforts
The EU is increasing its support for CO2 transport and storage projects with nearly $522 million allocated to initiatives in France, the Netherlands, Poland, and Norway. This funding is part of the EU’s $6.3 billion Connecting Europe Facility fund aimed at accelerating decarbonization efforts and enhancing CO2 pipeline infrastructure.
API's New Standard Sets Guidelines for Pipeline Public Engagement
In this Pipeline & Gas Journal exclusive, the American Petroleum Institute (API) introduces a new standard that establishes guidelines for two-way public engagement throughout the lifecycle of a pipeline.
Trinidad Court Upholds ConocoPhillips' $1.3 Billion Claim Against Venezuela
A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela.
U.S. Regulator Requests New Emissions Data from Venture Global LNG
U.S. liquefied natural gas (LNG) exporter Venture Global LNG must refile emissions data for its Calcasieu Pass 2 plant construction permits, regulators said on Wednesday.
U.S. Unveils Rules to Enhance Integrity of Carbon Offset Market
The U.S. government unveiled rules to govern the use of voluntary carbon credits on Tuesday, seeking to boost confidence in a nascent market after some high-profile offset projects failed to deliver the promised emissions reductions.
German Cabinet Approves Bill to Fast-Track Hydrogen Power Expansion
Germany's cabinet approved on Wednesday a bill to fast-track the construction of hydrogen infrastructure, import and production facilities as Berlin bets on the fuel to help decarbonize Europe's biggest economy, government sources said.
Spain's Repsol Gets U.S. License to Expand Venezuela Oil, Gas Projects - Sources
Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.
U.S. LNG Export Pause Creates Opportunities for Middle East Producers, Says Woodside CEO
A moratorium on new U.S. LNG export projects could open up opportunities for producers in the Middle East and Russia, but Western sanctions are curbing Moscow's ambitions to expand its global gas trade, a senior industry official said.
OMV Warns Gazprom May Halt Gas Supplies
Austrian oil and gas group OMV said on Wednesday that gas supplies from Russia's Gazprom may be suspended in connection with a foreign court ruling, without identifying the case but assuring the market it would have replacement cover.
Canada Amends Trans Mountain Ownership Regulations to Facilitate Pipeline Sale to Indigenous Groups
Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according to an official government notice published on Wednesday.
U.S. to Close Northeast Gasoline Reserve with 1 Million-Barrel Sale
President Joe Biden's administration will sell nearly 1 million barrels of gasoline in the U.S.-managed stockpile in northeastern states as required by law, the Department of Energy said on Tuesday, effectively closing the near decade-old reserve.
Youth Climate Lawsuit Targets Alaska LNG Project
Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights.
Mexican Developer Seeks Permit to Export U.S. Gas for LNG Production
Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico's Pacific coast to produce up to 4 MTPA of LNG, the company said.
Kinder Morgan Acquires Texas Oilfield to Leverage Carbon Tax Credits, Sources Say
U.S. pipeline operator Kinder Morgan has acquired oil and gas producing assets in West Texas and is planning to tap U.S. carbon capture incentives to increase output from the properties, according to people familiar with the matter.
Oil Executives Host Trump Fundraiser in Houston Amidst Fossil Fuel Policy Debate
The luncheon, which will be held at Houston’s Post Oak Hotel, is hosted by Harold Hamm, founder of Continental Resources; Kelcy Warren, executive chairman of Energy Transfer Partners; and Vicki Hollub, CEO of Occidental Petroleum, according to the invitation.
Contractor for QatarEnergy-Exxon LNG Plant in Texas Files for Bankruptcy
Zachry Holdings, which held the lion's share of the $10 billion construction project called Golden Pass LNG, said it was pursuing a "structured exit." Exxon said it would review construction timing and provide an update in the future.
U.S. Purchases 3.3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. awarded contracts for the purchase of 3.3 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after a massive sale from the stockpile in 2022, the Department of Energy said on Friday.
TC Energy to Appeal Delaware Court's $200 Million Liability Ruling in Columbia Pipeline Acquisition Lawsuit
TC Energy said it strongly disagrees with the final decision issued on May 15 by the Delaware Chancery Court, which allocated liability for previously determined damages in an ongoing class-action lawsuit related to its 2016 acquisition of Columbia Pipeline Group Inc.
FERC Seeks Emission Data Updates for Venture Global LNG's Calcasieu Pass 2 Project
U.S regulators asked LNG exporter Venture Global LNG to update its emissions analysis for its proposed Calcasieu Pass 2 LNG export project in Louisiana, according to a letter sent on Wednesday.
Proxy Adviser Urges Hess Shareholders to Accept Chevron Offer
Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
WoodMac Analysis: Trump Presidency Could Halt $1 Trillion in Clean Energy Investment
A victory by Donald Trump in the Nov. 5 presidential election could jeopardize $1 trillion in low-carbon energy investments, with WoodMac's analysis predicting an additional 1 billion tonnes of carbon emissions by 2050 compared to current policies.
Republican Lawmakers Press Regulators to Expedite LNG Project Approvals
Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.
Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid
The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.
TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline
The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.
Federal Regulators Approve Venture Global's Repairs at Louisiana Plant
U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.
Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025
A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.
YPF Advances $2.5 Billion Pipeline Project to Spur Vaca Muerta Shale Oil Exports
YPF SA is advancing a $2.5-billion cross-country pipeline project to unlock the rich potential of the Vaca Muerta shale region, addressing the primary bottleneck hindering its full exploitation.
Savannah Energy Loses Legal Bid to Freeze Oil Pipeline Company's Accounts, Chad Government Says
The Paris Court of Arbitration has rejected a bid by Savannah Energy Plc to freeze COTCO oil pipeline company's accounts after Chad nationalized its upstream assets in the country, Chad's transitional government said on Monday.
Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger
U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.
NextDecade Eyes Train 4 FID for Rio Grande LNG Phase 1 in Late 2024
NextDecade is advancing swiftly with its Rio Grande LNG Facility, as it eyes a significant milestone in the second half of 2024.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
