Gas
German Gas Storage Operators Warn of Overblown Plans for Hydrogen Grids
Germany's future hydrogen demand could fall well short of the baseline the country is assuming in its plans to extend its gas network to carry the fuel, a study commissioned by a storage operators' group showed on Thursday.
Southwestern, Chesapeake Energy Near $17 Billion Merger, Poised to Form U.S. Natural Gas Powerhouse
U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company. The deal could come together as soon as next week, provided the talks do not fall apart.
Cedar LNG Taps Samsung, Black & Veatch for EPC Contract
The Haisla Nation and Pembina Pipeline Corp. have selected Samsung Heavy Industries and Black & Veatch to provide engineering, procurement and construction for the design, fabrication and delivery of the project's floating LNG production unit.
India's GAIL Signs 10-Year LNG Purchase Deal with Vitol
State-run GAIL (India) Ltd. has signed a 10-year LNG import deal with trader Vitol to buy about 1 million metric tons per year (tpy) of the super-chilled fuel from 2026.
U.S. Natural Gas Producers Navigate Production Cuts and Demand Rebound in 2024
The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it seeks to find an equilibrium, EQT's financial head Jeremy Knop said.
Shell Backs BP in Fight Over Venture Global LNG Exports
Shell has joined BP in its battle against Venture Global LNG, accusing the LNG producer of denying it and other customers access to supplies while exporting more than $18 billion worth of the superchilled gas, according to a filing with U.S. regulators.
EOG President: U.S. Oil and Gas Production Growth to Slow in 2024
U.S. oil and gas production will not continue to grow this year at the pace that it did in 2023, U.S. shale producer EOG Resources President Lloyd Helms said on Thursday.
APA to Acquire Rival Callon Petroleum in $4.5 Billion Deal
U.S. oil producer APA said on Thursday it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 billion including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.
FERC Grants New England's Request to Postpone 2025 Power Auction Amid Natural Gas Evaluation Delay
The Federal Energy Regulatory Commission (FERC) has granted a request by New England's grid operator and a regional utilities association to postpone their 2025 forward capacity auction by a year.
Bunge Halts Operations at Indiana Soy Plant Due to Damaged Gas Pipeline
A soybean processing facility in Decatur, Indiana, operated by global grain handler Bunge stopped operations last week following damage to a natural gas pipeline that feeds the site, the company said in a statement to Reuters on Wednesday.
Gazprom Sets Daily Gas Supply Record to China via Power of Siberia Pipeline
Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.
Diversified Energy Completes $200 Million Sale of Appalachia Natural Gas Assets
(P&GJ) — Diversified Energy Company Plc announced that it closed on a strategic transaction that has unlocked additional value from its existing asset base. In a nutshell, the company sold producing assets in Appalachia to a Special Purpose Vehicle (SPV) named DP Lion Equity Holdco LLC.
E.ON CEO Stresses Germany's Gas Security Amid Middle East Risks
Germany's gas supply situation is far better than it was after Russia cut off supply last winter but instability in the Middle East could still send energy prices soaring, the head of energy firm E.ON said.
U.S. Claims Top Spot in LNG Exports for 2023, Achieving Record Levels
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.
Russian Pipeline Gas Exports to Europe Down 56% in 2023
Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic meters (Bcm) in 2023, Reuters calculations showed on Tuesday.
RNG Outlook Offers Mixed Message for Midstream
(P&GJ) – In mid-2023, the international management consulting firm Boston Consulting Group (BCG) issued an assessment of renewable natural gas (RNG) that offered a mixed message.
Canadian Regulators Reject FortisBC's Okanagan Gas Pipeline Expansion Plan
(P&GJ) — The British Columbia Utilities Commission (BCUC) has denied FortisBC Energy Inc.’s application for its Okanagan Capacity Upgrade project, which includes the construction, installation, and operation of approximately 30 km (19 miles) of new natural gas pipeline.
Kinder Morgan Successfully Acquires NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
Kinder Morgan Inc. has successfully closed on its $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets, which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.
Engie Brasil Sells 15% Stake in Gas Pipeline Firm TAG to Canada's CDPQ for $641 Million
Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for $641 million.
At Least 40 Dead in Liberian Gas Tanker Explosion, Says Official
At least 40 people have died following the explosion of a gas tanker in north-central Liberia, the West African country's chief medical officer, Francis Kateh, said on Wednesday.
TotalEnergies to Sell 17.5% Stake in LNG Developer NextDecade
NextDecade said TotalEnergies has offered to sell a 17.5% stake in the U.S. liquified natural gas company.
Williams to Acquire 230 Miles of Gas Pipeline, 115 Bcf Storage for $1.95 Billion
Pipeline operator Williams said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion to cater to rising demand from liquefied natural gas projects.
Trinidad: First Output from Venezuela's Dragon Gas Field Expected in 2 Years
A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday.
TotalEnergies to Restart Its Delayed Mozambique LNG Project in Early 2024
French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday.
Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.
Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency
Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.
ADNOC Signs 15-Year LNG Supply Deal with Unit of China's ENN
Abu Dhabi's state oil giant ADNOC said on Wednesday it signed a 15-year agreement to deliver at least 1 million metric tons a year of LNG to a subsidiary of China's ENN Natural Gas.
Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field
Shell and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (Tcf) Dragon gas field and export its production to the Caribbean nation.
Woodside Energy to Supply LNG to Pilbara Minerals Unit
Woodside Energy said on Thursday it has signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic liquefied natural gas (LNG) from its Pluto Truck Loading Facility in Western Australia.
Russia's Novatek Issues Force Majeure Notices Over Arctic LNG 2 Project
Novatek, Russia's largest producer of LNG, has sent force majeure notifications to some of its clients over future supplies from its Arctic LNG 2 project, four industry sources told Reuters on Thursday.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- U.S. House Passes Bill to Reverse Biden's LNG Pause
- Mexico Orders Seizure of Hydrogen Plant at Pemex Oil Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- MEG Energy Confirms Trans Mountain Pipeline Expansion to Begin Line Fill in April