Natural Gas
Pipeline Operator Enbridge Beats Profit Targets on Higher Transport Volumes
Pipeline operator Enbridge on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids.
Private Equity Rushes to Gulf as Fundraising Dries Up
A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding for buyouts has dried up elsewhere.
Empowering the Oil and Gas Midstream Industry
Unlocking the Power Behind the Oil & Gas Midstream: Discover how Aggreko's innovative solutions are driving efficiency, sustainability, and reliability in this critical industry. Dive into the world of temporary power, advanced control systems, and rapid response capabilities. Join us on this journey to see how Aggreko is shaping the future of the midstream sector.
Australian Court Blocks Santos' $3.6 Billion Subsea Gas Pipeline Project
Santos said on Thursday an Australian court has granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.
Cheaper Canadian Oil and Gas Valuations Lure Potential US Buyers North
U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access, according to dealmakers and analysts.
Cadiz Signs Agreement with El Paso Natural Gas for Long-Term Power Supply
(P&GJ) — Cadiz Inc. has entered into a long-term contract with El Paso Natural Gas Company LLC (EPNG) to install a tap on their natural gas pipeline, which runs through the Cadiz Ranch property in the California eastern Mojave Desert.
Entergy Agrees to Sell Gas Distribution Business for $484 Million
(P&GJ) — Entergy has agreed to sell its gas distribution business to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm based in Baton Rouge, for approximately $484 million in cash.
Russia's Weaker Hand Undermines Case for Power of Siberia 2 Gas Pipeline to China
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Untangling Environmental Rules Can Lead to Permitting Success
(P&GJ) — Oil and gas pipelines are considered critical infrastructure, and the process of routing, permitting, designing and building them often elicits significant public pushback associated with perceived environmental concerns.
Chesapeake Energy's Production Falls 15% and Profit Declines Amid Slumping Gas Prices
Chesapeake's Q3 production dropped by 15%, resulting in a profit of $70 million compared to $883 million in 2022. This decline was due to its exit from the Eagle Ford basin as part of a shift towards exclusive natural gas production, driven by activist investment firm Kimmeridge Energy Management.
Santos to Fight Lawsuit by Indigenous Group to Halt Barossa Pipeline Work
Australia's Santos said on Tuesday it would defend against the legal proceedings brought by the Environmental Defenders Office (EDO) to halt the commencement of pipeline work at its Barossa gas project off northern Australia.
Clean Energy, TotalEnergies First Renewable Natural Gas Facility Begins to Sell Environmental Credits
(P&GJ) — Clean Energy Fuels Corp. and TotalEnergies SE have announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers credits under the U.S. EPA's Renewable Fuel Standard.
Analysis: US Northeast Looks at Winter Threat Once Again
(P&GJ) – Driven in large part by the New England states’ policies seeking to reduce carbon emissions, the shift toward renewable resources to power the electric grid has been underway for years in the region.
Massive Gas Power System Brings a New Cryogenic Gas Plant Online
When these extremely large-scale cryogenics plant asked for our help processing huge gas streams and getting them onto the power grid, we realized this would be our biggest power project yet in North America.
Enterprise Reveals Permian Growth Projects; Takes Seminole Pipeline Out of Crude Oil Service
(P&GJ) — Enterprise Products Partners L.P. has announced four new capital projects in the Permian Basin and also revealed that it has begun initial steps to return the Seminole Pipeline, which has a capacity of 210,000 bbl/d of crude oil, to natural gas liquid (NGL) transportation service in December 2023.
Mountain Valley Gas Pipeline Set for Q1 2024 Completion
Equitrans Midstream remains on track to complete the Mountain Valley natural gas pipeline from West Virginia to Virginia in the first quarter of 2024 at an estimated cost of $7.2 billion, U.S. energy company Equitrans Midstream said on Tuesday.
MPLX Completes Whistler Pipeline Expansion, Advances Permian Gas Processing Plant
In the Permian Basin, MPLX completed its Whistler pipeline expansion from 2 Bcf/d to 2.5 Bcf/d at the end of Q3. In the Delaware Basin, MPLX also progressed the construction of its sixth natural gas processing plant, Preakness ll, expected online in the first half of 2024, the company said.
TC Energy Completes Pipe Installations at Troubled Coastal GasLink Project
TC Energy said on Monday it had installed pipes across the entire route of its Coastal GasLink project, keeping the Canadian energy firm on track to complete the work by year-end.
Equinor, RWE Develop Long-Standing Partnership With New Natural Gas Supply Contract
Earlier this year, RWE and Equinor announced their plan to develop large-scale value chains to ensure security of supply and reduce emissions in response to the German-Norwegian Partnership on Climate, Renewable Energy and Green Industry.
Bakken Shale Unlikely to Return to Glory Days, Even With Chevron, Hess Deal, Analysist Predict
The Bakken formation is a long way from export terminals, which means producers have higher transport fees and smaller profits than their competitors in the giant Texan and New Mexican shale areas that are closer to the main export hubs on the Gulf Coast.
NSTA Awards 27 New Oil, Gas Exploration Licenses, Shell Comes Out on Top
Among the successful bidders to drill for new oil and gas in the British North Sea are Shell - with the most licenses, Equinor, DNO, Aker BP, Ithaca, TotalEnergies and BP.
BP Considers Forming Shale Joint Ventures Around U.S. Natural Gas Fields, Sources Say
London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, three sources with direct knowledge of the matter said.
Industry Insiders See Major Risks Associated With Potential Russia-China Natural Gas Pipeline
Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.
Israel Awards 12 Offshore Natural Gas Exploration Licenses to Eni, BP, Others
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.
Column: Italy's LNG Deal with Qatar Shows How Hard It Is to Quit Gas
Italy's ENI SpA signed a deal this week to purchase up to 1 million tonnes of LNG annually from QatarEnergy for the next 27 years, locking in gas flows to Southern Europe's largest economy until at least 2050.
WBI Energy's North Dakota Natural Gas Pipeline Expansion Gets FERC Approval
(P&GJ) — For the project, WBI Energy will construct approximately 60 miles of 12-inch natural gas pipeline and ancillary facilities to Wahpeton from an existing compressor station at Mapleton, North Dakota.
Indigenous Group Files Emergency Application to Halt Santos Gas Pipeline Offshore Australia
Australia said on Tuesday it was reviewing an emergency application by an indigenous group seeking to block pipeline construction on Santos Ltd.'s $3.6-billion Barossa gas project off northern Australia.
Construction of Mongolian Part of Russian Gas Pipeline to China May Start in Early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.
Finland Says Gas Pipeline Likely Broken by Ship Dragging Anchor
Damage to a Baltic Sea gas pipeline earlier this month is believed to have been caused by a ship dragging a large anchor along the seabed, but it was too early to tell if this was an accident or a deliberate act, Finnish police said on Tuesday.
Significance of API 1164 in Safeguarding Pipelines
(P&GJ) — Digital connectivity comes at a steep cost: security. Hardly a news cycle goes by without word of a cyberattack compromising sensitive data. Yet, the proverbial genie is already out of the bottle.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
