Business & Markets
MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests
MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.
SEFE Acquires Full Stake in WIGA from Wintershall Dea
WIGA holds sole ownership of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH.
API Releases New Standard for Public Engagement in Pipeline Operations
The standard, titled API Recommended Practice (RP) 1185, Pipeline Public Engagement, aims to foster proactive, inclusive, and collaborative communication throughout the lifecycle of pipeline construction and operation.
EnCap Investments Plans Sale of Utah Oil Producer XCL Resources, Sources Say
EnCap Investments is looking to sell XCL Resources, two years after the private equity firm's plan to combine the oil and gas producer with a local rival was thwarted by U.S. antitrust regulators.
Biden Administration Buys Oil for Emergency Reserve Above Target Price
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price.
Hydrogen Industry Urges Streamlined Process for U.S. Tax Credits
Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff.
New U.S. Rules Aim to Curb Leaks from Oil and Gas Drilling on Public Lands
The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines.
Colonial Pipeline Freezes Nominations on Baltimore Section Amid Port Shutdown
The Colonial Pipeline Company on Tuesday paused nominations to ship fuel on cycles 15 and 16 on Line 32, which delivers products to its Curtis Bay facility in the port of Baltimore, according to a notice seen by Reuters.
Exxon Sells Majority Stake in Italy's Largest LNG Terminal to IKAV and VTTI
Under the deal, Exxon Mobil will sell its 70.7% stake in the Adriatic LNG terminal, the U.S. oil and gas group said, as part of a broader strategy to divest non-strategic assets and focus efforts on doubling its LNG production by 2030 globally.
EACOP Reaches Milestone with Commissioning of Coating Plant in Tanzania
In a significant step forward for the Uganda and Tanzania crude oil pipeline project, the East African Crude Oil Pipeline (EACOP) marked a notable achievement as it officially inaugurated its coating plant at Sojo, Nzega – Tabora Region in Tanzania.
Takeaway on Upswing in Permian, Haynesville
According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.
Why Morocco Remains Keen on Pipeline Project with Nigeria
Morocco has re-affirmed its commitment to the construction of a new gas pipeline network along the West Africa coastline to promote intra-Africa natural gas trade, as well as to guarantee energy supplies to Europe.
CPS Energy to Acquire Gas Plants from Talen Energy for $785 Million
Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy for $785 million.
PetroVietnam Gas Signs Deal with QatarEnergy for LNG Purchase
PetroVietnam Gas said on Wednesday it has signed a contract with QatarEnergy to buy 70,000 metric tons of liquefied natural gas for delivery on April 12-13.
Osaka Gas Expects Minimal Impact from Freeport LNG Partial Shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities, the president of the city gas provider said on Wednesday.
U.S. Opposes Pakistan-Iran Gas Pipeline Project, Warns of Sanctions
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
Phillips 66 Explores Sale of Stake in 1,700-Mile REX Pipeline, Sources Say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday.
Elliott Accepts Phillips 66's Performance Goals, CEO Lashier Says
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder returns and share price, Chief Executive Mark Lashier said in an interview on Tuesday.
India's GAIL to Commission First Green Hydrogen Project in April, Sources Say
State-run natural gas company GAIL (India) Ltd. plans to commission its first green hydrogen project in central India in April, three company sources said.
Woodside Completes Sale of 10% Scarborough Interest to LNG Japan
Woodside has finalized the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd., also known as LNG Japan.
Exxon, JERA to Partner on U.S. Hydrogen Production Project
Exxon Mobil has entered into an agreement with JERA, Japan's top power generator, to jointly explore the development of a low-carbon hydrogen production project in the United States.
Gazprom Acquires Former Shell Stake in Sakhalin Energy for $1 Billion
Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian LNG producer Sakhalin Energy for around $1 billion, according to a government order.
Enbridge to Form Natural Gas Supply Venture Connecting Permian and Gulf Coast
Canadian pipeline operator Enbridge said on Tuesday it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.
U.S. Gas Producers Optimistic Amidst Low Prices, Banking on LNG Expansion
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand — and prices — for the fuel.
Credit Agricole Declines Funding for Exxon, Eni, and TotalEnergies’ LNG Projects
Credit Agricole said on Monday that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.
Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases
The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said.
Sudan War Causes Stoppages on South Sudan Oil Pipeline, Officials Say
The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan's army and the Rapid Support Forces (RSF), according to three Sudanese officials.
Matador Completes Natural Gas Pipeline Connections in Delaware Basin
Matador Resources Company has announced the successful completion of natural gas pipeline connections between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s acreage obtained in the Advance acquisition.
Iraq, Oil Firms Trade Blame Over Shut Turkey Pipeline
Foreign oil firms operating in Iraq's Kurdistan region are partly to blame for the delay in resuming crude exports after failing to submit contracts for revision, Iraq's oil ministry said.
Common Challenges with Field-Applied Liquid Epoxy Pipeline Coatings
Coatings are an incredibly important part of maintaining safe pipeline operations and asset integrity, including being a first line of defense against corrosion and corrosion-induced failures.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
