Business & Markets
Sentinel Midstream, Exxon Form JV to Connect Oil Terminals in Louisiana
Pipeline operator Sentinel Midstream said on Friday it has formed a joint venture (JV) with Exxon Mobil to provide pipeline connectivity between crude oil terminals in Louisiana.
U.S. Refiner Phillips 66 Retains Big-Name Advisers for Elliott Duel
U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.
Williams Becomes Third Largest DJ Basin Gatherer with Cureton Front Range, RMM Acquisitions
(PGJ) — Williams secures third-largest DJ Basin gathering position through the acquisition of Cureton Front Range LLC, including gas gathering pipelines and two processing plants, and the purchase of KKR's 50% ownership in Rocky Mountain Midstream Holdings LLC, achieving 100% ownership of RMM.
Green Hydrogen Projects by Spain's Enagas Poised to Receive EU Funding
Two renewable hydrogen projects partially managed by Spain's gas grid operator Enagas have been included in the European Commission's list of Projects of Common Interest (PCI), the company said on Tuesday, meaning they could benefit from accelerated permitting procedures and subsidies.
Elliott Takes $1 Billion Stake in U.S. Pipeline Operator Phillips 66, Urges Board Revamp
Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance.
Occidental in Talks to Buy Permian Producer CrownRock
Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.
Kyiv Proposes Reversing Trans-Balkan Gas Pipeline Flows Through Ukraine
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Centrica Pumps Gas from Rough Storage into U.K. Grid as Demand Rises
British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.
Caspian Pipeline Consortium Resumes Oil Loadings at Black Sea Terminal
The Caspian Pipeline Consortium (CPC), a main export route for Kazakhstan's crude oil, said on Thursday it has resumed oil loadings at its Black Sea terminal which had been suspended due to storms, disrupting exports since last Friday.
Riposte Capital Pushes for Board Overhaul at Energy Producer SilverBow
One of SilverBow Resources Inc.'s largest investors is pushing the U.S. oil and gas producer to revamp its board to address governance concerns and boost its lagging performance, according to a letter reviewed by Reuters on Thursday.
Cambodia Scraps Coal Power Project to Build Gas-Fired Plant, Import LNG
Cambodia has abandoned plans to build a $1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.
Cambodia Ditches Coal Project in Favor of LNG-Fueled Power Plant
As part of the project, Cambodia is exploring construction of a liquefied natural gas (LNG) terminal to import the super-chilled fuel and re-gasify it for use in the power plant, Energy Minister Keo Rottanak told Reuters.
Italy’s Saipem wins Guyana, Brazil contracts worth $1.9 billion
In Brazil, Saipem was awarded a contract by Equinor for the Raia project in the Campos Basin. In Guyana, it was awarded a contract by ExxonMobil for the proposed Whiptail oilfield development located in the offshore Stabroek block.
Equinor Sells Stake in Nigerian Oil Field to Chappal Energies
The Norwegian group will sell Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including a 20.21% stake in the Agbami field, operated by Chevron.
ABB, Luna Innovations Collaborate on World’s Largest Fiber Optic-Based Gas Pipeline Monitoring System
Luna Innovations and automation contractor ABB collaborated with the system operator to provide leak detection, pipeline security and facility security across the 1,811 km route in a project spanning six years.
Commonwealth LNG, OnStream CO2 Partner on CCS Solution At Developing Louisiana Facility
OnStream CO2 will design, construct, own, and operate carbon dioxide capture equipment near the Commonwealth LNG site. The captured CO2 will be permanently sequestered at the Cameron Parish CO2 Hub. Commonwealth will dedicate CO2 emitted from the LNG facility for a 20-year term.
Cheniere Energy Signs 15-Year Supply Deal for Sabine Pass LNG Project
ARC Resources has agreed to sell 140,000 MMBtu per day of natural gas to SPL Stage 5 for a term of 15 years, commencing with commercial operations for the first train of the Sabine Pass Liquefaction Expansion Project.
Oil Exporters Seek Alternative Routes as Black Sea Storm Continues to Suspend Loadings
Russian and Kazakh producers are seeking to redirect oil flows to other destinations, in particular to Russia's Baltic ports, but such opportunities are limited due to high demand.
Canadian Pipeline Operator Enbridge Bets on Higher 2024 Demand With Increased Earnings Forecast
The upbeat forecast from Enbridge, which operates the Mainline oil pipeline system that ships the bulk of Canada's crude exports to the U.S., follows peer TC Energy estimating higher adjusted core earnings for 2024 on Tuesday.
Ukraine Suggests Reversing Trans-Balkan Gas Pipeline Flows to Meet Demand
Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.
Seatrium Supports Energy Security With Successful Delivery of Greece’s First FSRU
Seatrium’s scope of work for this project includes refurbishment and life extension works, engineering and procurement, fabrication, and installation of a new regasification skid, as well as supporting systems such as boilers, offloading, electrical and automation systems.
US Coast Guard: 3% of Daily Gulf of Mexico Output Remains Shut In After Oil Spill
The Coast Guard had not yet identified the source of the leak after surveying around 40 miles of the 67-mile-long underwater pipeline, as remote-controlled devices and divers scanned the rest along with other surrounding pipelines.
Viewpoint: Two US Project Highlight Divide Over Carbon Removal’s Role in Energy Transition
The Texas and Louisiana direct air capture projects are in neighboring states, but the companies leading them are worlds away when it comes to their views on how carbon removal should be deployed in a climate-friendly future and the role oil and gas should play in its deployment.
Snam, Eni, Terna to Fast Track European Pipeline, Hydrogen, Carbon Capture Projects
The two initiatives supported by Snam are a pipeline for hydrogen between Italy, Austria and Germany dubbed the SoutH2 Corridor and a carbon capture and storage hub offshore Ravenna known as the Callisto Mediterranean C02 Network.
Australia Pacific LNG Shipments Halt After Tanker Power Outage
So far, two LNG cargoes have been delayed, and Origin warned that "more LNG cargoes will be deferred,” as the stricken vessel was blocking other tankers from entering the facility on Curtis Island off Australia's east coast.
Gas Condensate Exports from Russia's Yamal LNG Rise 16% In Jan-Nov
Exports of gas condensate, a kind of light oil, from Russia's Yamal LNG field were up by 15.8% year-on-year in January-November at 880,000 metric tons, according to LSEG ship-tracking data and traders.
Canadian Pipeline Operator TC Energy Forecasts Higher 2024 Earnings Despite Competition
TC's Keystone oil pipeline, which moves crude from Alberta to U.S. Midwest refineries and the Cushing, Oklahoma storage hub, faces stiffer competition starting in the first quarter when the Canadian government-owned Trans Mountain pipeline is scheduled to complete an expansion.
Spanish Green Hydrogen Pipeline to Receive EU Funding
The Commission's list includes the H2Med corridor - a future multibillion-euro "green" hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe by 2030.
EU Keeps Eastern Mediterranean Gas Pipeline on New List of Priorities
The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.
Kenya to Begin Privatization Drive with Oil Pipeline Stake Offering
The pipeline firm, which is profitable, has a monopoly on the transport of gas and white oil products, the ministry said in a notice,
- 416-Mile Coastal GasLink Pipeline Project 98% Complete
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- 416-Mile Coastal GasLink Pipeline Project 98% Complete
- UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
- HVO: Fuel for the Future
- Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
