Business & Markets

Germany, Qatar Sign Energy Partnership Agreement Focused on Gas

Germany and Qatar have signed a declaration to deepen their energy partnership, with a focus on trade in hydrogen and LNG, as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine.

Finland Leases Floating LNG Terminal for 10 Years to Break Free from Russian Gas

Finland has agreed a 10-year charter for a floating storage and regasification vessel with U.S. based Excelerate Energy to help replace Russian gas supply, finance minister Annika Saarikko said on Friday.

RWE: Germany Can Be Independent from Russian Gas by Spring 2025

Germany can wean itself off Russian gas within the next three years, the CEO of the country's largest power producer, RWE told a weekly paper.

Russia to Halt Gas Flows to Finland on Saturday

Russia's Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in rubles.

EnLink Moves Forward with Permian-Houston Natgas Pipeline Project

EnLink Midstream will move forward with the construction of the Matterhorn Express Pipeline, a Permian-to-Houston pipeline that will transport up to 2.5 Bcf/d of natural gas through about 490 miles of pipe.

Israel Ramping Up Gas Output, Looks to Help Supply Europe

Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply.

UGI Commits Funding for Renewable Natural Gas Projects in South Dakota

The first set of projects, known as a cluster, will be built at three farms located north of Sioux Falls, SD, and is expected to generate approximately 300 million cubic feet of RNG annually once completed in calendar year 2024.

ADNOC Awards Fujairah LNG FEED Contract to McDermott

McDermott has been awarded a contract by ADNOC to provide front-end engineering design services for the new Fujairah LNG facility, which is located approximately 155 miles (250 km) from Abu Dhabi, UAE.

Panama to Develop Largest Advanced Biorefinery to Make Lower-carbon Aviation Fuel

The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday.

Chevron to Launch Carbon Capture Project in San Joaquin Valley

Chevron Corp. said on Wednesday it was launching a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California.

New Prospects Emerge in Guyana-Suriname Basin

In 2000, the federal government’s U.S. Geological Survey, based in Washington, D.C., identified the Guyana-Suriname Basin as having the second highest resource potential among unexplored oil and gas basins in the world.

INGAA CEO: Natural Gas Critical to Energy Mix Amid Renewable Push

Natural gas and related infrastructure will be critical to securing a low-carbon economy and will continue to be a significant contributor to the U.S. long-term energy mix, according to the Interstate Natural Gas Association of America’s (INGAA) President and CEO Amy Andryszak.

Tallgrass Energy Plans to Convert Natgas Pipeline into CO2 Transport System

Tallgrass Energy said it will convert its Trailblazer natural gas pipeline, which runs through Nebraska, Colorado and Wyoming, into a 400-mile carbon dioxide system capable of transporting over 10 million tons of CO2 per year.

Canacol Nears Construction Phase for $560 Million Colombian Gas Pipeline Project

Colombian gas producer Canacol is on track to begin construction on the Jobo-Medellín natural gas pipeline having received final binding offers from four interested contractors in March.

EIA Update: Last Year, 14 Liquids Pipeline Projects Completed In US

Last Year, 14 Liquids Pipeline Projects Completed In US, Crude Oil Prices Increased as Global Demand Outpaced Supply and Interstate Gas Pipeline Capacity Additions Decrease in 2021.

Germany, Netherlands Up Ambition for North Sea Hydrogen Hubs

There is no shortage of ideas when it comes to exploiting the strong winds offshore Germany and the Netherlands to produce green hydrogen.

U.S. Update: Midstream Markets Turn Up Gas on Higher Prices, Global Demand

The surge of LNG expansion activity continued in March and April after the Ukraine invasion, as President Joe Biden promised the United States would deliver at least 15 Bcm in additional LNG to Europe this year than previously planned, with more to come in future years.

Freeport LNG Seeks Extension to Build 4th Liquefaction Train at Texas Plant

Freeport LNG has asked federal regulators to extend the amount of time it has to construct a fourth liquefaction train at its export plant in Texas until August 2028.

Equinor, Exxon Expand Brazil Oil Operations, Discuss Building 100-Mile Gas Pipeline

Equinor and Exxon Mobil Corp. have taken the first steps to expand an $8 billion oil development off Brazil's coast and are considering adding a more than 100-mile-long gas pipeline as part of the next phase of the expansion.

TotalEnergies Places 3,500-km Nigerian Gas Pipeline Network Up for Sale

TotalEnergies has launched the sale of its 10% stake in Nigerian joint venture SPDC, which includes 3,500 km of pipelines that connects to two key crude export terminals, Bonny and Forcados.

Kinder Morgan’s Gulf Coast Pipeline Launches Open Season for Expansion Project

Gulf Coast Express Pipeline LLC has launched an open season to solicit commitments for an expansion project on its system, which will increase natural gas deliveries from the Permian Basin to South Texas markets.

Exxon Challenges California County's Denial of Oil Trucking Permit

Exxon Mobil Corp. has gone to court seeking to force local California government officials to allow shipment of crude oil from coastal facilities to inland refineries by dozens of tanker trucks a day until replacement of a pipeline that burst in 2015, causing a major spill.

Chevron Says World's Largest Carbon Capture Project Has 'A Ways to Go' to Meet Goals

Chevron Corp.'s Gorgon carbon capture and storage project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets.

Sempra Energy, PGNiG Ink 20-Year LNG Supply Deal

U.S. energy firm Sempra Energy has agreed to sell three million tonnes of LNG each year to Poland's PGNiG from its Cameron LNG Phase 2 project in Louisiana and the Port Arthur LNG project in Texas.

Eni Set to Open Rubles Account for Russia Gas Unless Told Otherwise by EU

Italian energy group Eni will begin the process of opening an account in rubles next week to pay for Russian gas unless it is told that would breach sanctions, three sources close to the matter said.

GlobalData: Nigeria to Account for 24% of Oil, Gas Projects Starting Up in Africa by 2026

More than 100 oil and gas projects should commence operations in Nigeria during the next four years, accounting for more than 24% of the predicted total projects starts during that time, predicts GlobalData, a data and analytics company.

Canada In Talks with Repsol, Pieridae Energy About LNG Export Terminals

The Canadian government is in discussion with the companies behind two proposed east coast LNG export facilities to see how it can speed up the projects and help boost supply to Europe.

Preparing America’s Pipeline Infrastructure for the Hydrogen Economy

Hydrogen is poised to play an essential role in the global energy transition, and it holds enormous potential in helping sectors—from mobility to power generation—achieve deep decarbonization.

Latest Venture Global LNG Deals Advance Second Louisiana Facility

The long-term supply deals struck this week with Exxon and Petronas by Venture Global LNG put its second Louisiana LNG facility on the verge of construction and financing approval.

Petronet In Talks with Qatar for LNG Deal Renewal amid Turbulent Markets

India's Petronet LNG has begun talks with Qatar to renew a multiyear gas deal despite market "turbulence", making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market.