Natural Gas

Technip Energies Shares Plunge After Le Monde Report on Russian Gas Project

Technip Energies shares plummeted on Thursday after French newspaper Le Monde said the oil and gas company may have failed to comply with European Union sanctions against Russia by continuing to supply equipment to a Russian gas project.

Kinder Morgan's Q3 Earnings Fall Short Due to Commodity Prices and Pipeline Expenses

Pipeline and terminal operator Kinder Morgan on Wednesday posted lower-than-expected profit for the third quarter as higher interest expenses offset strength in its natural gas and products pipeline segment.

Chesapeake Considers Acquisition of Rival Natural Gas Producer Southwestern Energy

U.S. natural gas producer Chesapeake Energy Corp. has approached Southwestern Energy, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said.

ADNOC Gas Signs LNG Supply Deal with Japan's JERA

Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a two-year LNG agreement valued between $500-700 million, the companies said on Wednesday.

New Gas Pipeline Stretching 808 Miles to Murmansk Confirmed by Novatek

(P&GJ) — Novatek, the Russian energy giant, has officially announced its project to construct an extensive 808-mile (1,300-km) gas pipeline reaching Murmansk, Russia. The pipeline project is expected to be able to transport 40 billion cubic meters of gas annually.

Marathon Oil Inks 5-Year LNG Deal for Alba Gas in Equatorial Guinea

(P&GJ) — Marathon Oil Corp. has entered into a five-year firm LNG sales agreement with Glencore Energy U.K. Ltd. for a portion of its equity natural gas produced from the Alba Field in Equatorial Guinea.

Petrobras, Excelerate Energy Extend 10-Year Charter for FSRU Sequoia in Brazil

(P&GJ) — Under the agreement, Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.

Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China

Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."

Brazil's Ocyan to Renovate Petrobras Gas Pipeline for $317.5 Million

Brazilian oil and gas services provider Ocyan has won a contract with state-run oil firm Petrobras to revitalize a network of gas pipelines in the offshore Campos Basin for $317.49 million, Reuters reported on Monday.

Investors Rapidly Shed Oil Positions, Embrace Natural Gas Amid Market Shifts

Portfolio investors have dumped positions in petroleum at some of the fastest rates in the last decade in the most recent week as the bullish sentiment that built up after OPEC⁺ production cuts evaporated.

Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets

(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.

Western Midstream Closes Meritage Acquisition, Adds 1,500 Miles of Gas Pipelines

(P&GJ) — In the $885 million deal, Western Midstream successfully acquired Meritage's 1,500 miles of high- and low-pressure natural gas gathering pipelines in Wyoming's Powder River Basin.

As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch

Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.

Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations

The rupture occurred when an excavator operator accidentally damaged a 22-inch gas pipeline near Middleton. However, Williams contested the local authorities' account of the incident, asserting no ignition, fire, or explosion was connected to the occurrence.

U.S. Supports Finland, Estonia as It Probes Baltic Gas Pipeline Burst

U.S. Secretary of State Antony Blinken said on Thursday the United States would support Finland and Estonia as they probe damage to a gas pipeline and a telecommunications cable under the Baltic Sea.

QatarEnergy, TotalEnergies Sign 27-Year LNG Supply Agreement

Qatar on Wednesday secured its largest and longest European gas supply deal from Doha's massive production expansion project, providing France with up to 3.5 million metric tons of LNG a year for 27 years.

Nordics, Baltics Tighten Security at Energy Installations After Baltic Sea Pipe Burst

Norway and Lithuania tightened security at onshore energy installations following Sunday's gas pipeline gas leak in the Baltic Sea, while Finland recommended energy operators to be more aware of security.

Damaged Pipeline Triggers Gas Explosion, Leveling Home in Woodstock, Illinois

(P&GJ) — A gas explosion occurred in the northern suburbs of Woodstock on Monday, resulting in the leveling of a residence and damage to at least eight other structures. The explosion was triggered by a gas main being accidentally struck during work on a sewer line.

Orlen Takes Over Polish Segment of Yamal Gas Pipeline, Reducing Gazprom Stake

Orlen is taking over the Polish section of the Yamal gas pipeline, the state-controlled refiner said on Tuesday, meaning Russia's Gazprom will no longer have a stake.

Chevron Halts Gas Exports via EMG Pipeline from Israel to Egypt

Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, industry and government sources said on Tuesday.

South Africa's Gas Master Plan Nears Release, Aims to Boost Clean Energy

South Africa's master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa's most developed economy for years.

'Outside Activity' Likely Damaged Gas Pipeline, Telecoms Cable, Finland Says

A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday.

Energy Transfer Pipeline Rupture Sparks Twin Explosions in Garland County

(P&GJ) — In Garland County, Arkansas, emergency teams swiftly responded to a gas pipeline rupture on Oct. 4. Energy Transfer owns the pipeline, and their crews promptly shut down one end of the line while addressing the situation at the other end.

Russia Begins Gas Supplies to Uzbekistan via Kazakhstan

Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.

Israel Suspends Chevron's Tamar Gas Field Amid Hamas Attacks

Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region.

Repairing Finland-Estonia Gas Pipeline May Take Months, Operator Says

Repairing a subsea gas pipeline connecting Finland and Estonia that was shut on Sunday due to a suspected leak could take months or more if a puncture is confirmed, Finnish gas system operator Gasgrid said.

Biggest Oil and Gas Sector Deals Since 2000

Exxon Mobil is on the brink of a game-changing $60 billion acquisition of shale producer Pioneer Natural Resources, marking their most significant deal since 1998. This landmark move is set to redefine the energy landscape, and our article highlights the major oil and gas sector transactions that have shaped the industry since 2000.

Gas Pipeline Between Finland and Estonia Shut After Suspected Leak

A subsea gas pipeline connecting Finland and Estonia was shut early on Sunday after an unusual drop in pressure probably caused by a leak, Finnish gas system company Gasgrid and Estonian operator Elering said.

Sources: Exxon in Advanced Talks for $60 Billion Acquisition of Pioneer

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.

RWE CEO Warns of Gas Supply Risks in Germany

Germany must speed up construction of gas import infrastructure to avoid supply squeezes, the CEO of the country's largest utility told news outlet WirtschaftsWoche, adding the risk of soaring energy prices had not been fully contained.