Business & Markets

Help Wanted: Oil Patch Operators Need Quality Workers

This spring, Lynn Helms, who has been North Dakota’s chief oil and natural gas regulator for nearly three decades, abandoned his usual bullish outlook toward the state’s more than 1 MMbpd of oil and 3 Bcf/d (85 MMcm/d) of gas production while speaking at a monthly webinar he holds for news media.

Tellurian Completes $126 Million Acquisition of Haynesville Natural Gas Assets

Tellurian Inc. subsidiary Tellurian Production LLC said on Thursday it has closed the previously announced acquisition of certain assets in the Haynesville Basin from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners LLC.

Executive Profile: Advocating for Natural Gas, Clean Energy Future

(P&GJ) — Former Enbridge and Spectra Energy executive and long-time midstream advocate Susan Waller has taken on the role of executive director of the Natural Allies for a Clean Energy Future.

Poland's PGNiG In Talks to Book More Gas Through Baltic Pipe

Polish gas company PGNiG said on Thursday it has contracted 800 million cubic meters (MMcm) of gas for the new Baltic Pipe linking Poland and Norway for the fourth quarter.

EIA: US Natural Gas Pipeline Exports to Mexico Reach Record High in May

Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day during May 2022—the most pipeline exports from West Texas on record, the U.S. Energy Information Administration (EIA) said on Thursday.

Australia's Santos Moves Forward with $2.6 Billion Alaska Oil Project

Australia's Santos Ltd. said on Wednesday it will move ahead with developing a $2.6 billion Alaskan oil project in a surprise decision that sent the energy producer's shares lower despite it posting a record first-half profit.

Britain Set to Receive Rare LNG Shipment from Australia

Britain is set to receive a rare shipment of LNG from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter.

Two Oil Pipelines Destroyed by Explosives in Nigeria, Officers Arrest Four

Nigerian police said on Tuesday two oil pipelines that feed the Brass export terminal, one of Nigeria's export streams operated by Italian group Eni, were recently blown up by explosives.

FERC Grants Trans-Foreland Pipeline Extension for Alaska LNG Import Project

Marathon Petroleum Corp.'s Trans-Foreland Pipeline Co. unit received more time to convert the Kenai LNG export plant in Alaska into an import terminal, U.S. energy regulators said on Tuesday.

Archaea Inks 20-Year Renewable Natural Gas Agreement with Énergir

Archaea Energy Inc., an industry-leading renewable natural gas (RNG) company, on Monday entered a contract to deliver more than 2 MMBtu per year of RNG to Énergir LP.

Germany Secures Deal with Uniper, RWE for Floating LNG Terminals

Germany signed a memorandum of understanding on Tuesday with the country's top gas importers to safeguard the supply of two floating LNG gas terminals it needs to reduce reliance on Russian energy.

Oil Industry Ready to Tap $430 Billion Climate Fund for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives.

EIA: Permian Oil Output Forecast to Hit Record High in September

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bbl/d) to a record 5.408 million bbl/d in September, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday.

Norway's July Natural Gas Exports Hit Record High as Demand, Prices Soar

Norwegian natural gas exports hit a record high of $13.26 billion in July as prices and demand in Europe surged amid disruption of Russian supplies, official data showed on Monday.

Gazprom Boosts Gas Flows to Hungary Via Turkstream Pipeline

Russia's Gazprom has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday.

Kazakhstan Plans to Sell Crude Oil Via Azeri Pipeline to Bypass Russia

Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said.

Uniper Open to Trade Australian LNG for US Gas to Supply Europe Quicker

Germany's Uniper is prepared to swap LNG it gets from Australia's Woodside for U.S. gas, so it can boost supplies in Europe more quickly during the coming winter, it said.

Australia's Santos Buys Underground Gas Pipeline to Offset Supply Crunch

Australia's Santos Ltd. said on Thursday it had bought a company that owns an approved underground pipeline route and would work with infrastructure developers to build the planned 883-km (550-mile) pipeline, which was approved to run from the Wallumbilla gas supply hub in Queensland to New South Wales.

LNG Traders Report Huge Losses After Supply Outages Hinder European Storage

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug an LNG supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.

US Pipeline Operators Anticipate Strong Demand for Rest of 2022

U.S. pipeline operators and oil refiners expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have worried that demand could falter if the global economy enters a recession or high fuel prices deter travelers.

BP Drills Appraisal Well in Texas for Carbon Capture and Storage

BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Oil Falls as Druzhba Pipeline Resumes Flows, US Stocks Build

Oil prices fell on Wednesday as flows on the Russia-to-Europe Druzhba pipeline resumed and after U.S. crude stocks rose far more than anticipated.

Caspian Pipeline Consortium Says Oil Supplies Significantly Down

Oil

Caspian Pipeline Consortium, which connects Kazakh oil fields with the Russian Black Sea port of Novorossiisk, reported last week that supplies were significantly down, without providing figures.

Oil Prices Fluctuate on Russian Pipeline Constraints, Recession Fears

Oil prices see-sawed on Tuesday, as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.

Conceding to Manchin, US Climate Bill Eases Methane Fees on Oil Industry

The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it.

Centrica Strikes $8.5 Billion LNG Deal with US Supplier Delfin Midstream

Centrica has signed a 15-year, $8.47 billion deal with U.S.-based Delfin Midstream to purchase 1 million tonnes of LNG per annum from the Delfin Deepwater Port offshore Louisiana from 2026.

US Coast Guard Responds to Oil Spill in Terrebonne Bay, Louisiana

The U.S. Coast Guard said on Monday it was responding to an oil spill at the Hilcorp Caillou Island facility in Terrebonne Bay, Louisiana.

Governor: Third Oil Storage Tank Collapses in Cuba Terminal Following Fire, Spill

A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.

Advent Technologies, DEPA Commercial Collaborate to Develop Greece’s Hydrogen Economy

Advent Technologies Holdings Inc. has signed a memorandum of understanding with DEPA Commercial, the leading importer of pipeline gas and LNG in Greece, to collaborate on hydrogen projects of common interest.

Williams, PennEnergy Ink Deal to Market Certified Low-Emission Natural Gas

Williams and PennEnergy Resources LLC have entered into an agreement to support the marketing and delivery of certified, low-emission natural gas, the companies announced on Monday.