Natural Gas
Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million
Calgary, Alberta-based pipeline operator Enbridge Inc. said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its LNG export business.
Mexico's Pemex Increased Gas Flaring at Top Field, Despite Pledge to Stop
In January, an estimated 1.3 billion cubic feet of gas were burned from four flares at the Papan and Perdiz plants meant to process gas from Ixachi, satellite data shows, up from 1 billion cubic feet in November when the promise was made.
Enagas Buys 80-Mile Gas Pipeline Network in Northwestern Spain for $57 Million
Spanish grid operator Enagas has bought a 130-km (80-mile) gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain, the companies said on Tuesday. The acquisition of the pipeline network cost $57.33 million.
Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy
U.S. LNG company Venture Global LNG has agreed to supply 0.7 million tonnes of LNG per annum to Excelerate Energy Inc. for 20 years. The LNG will be delivered to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana.
Harvest Midstream to Expand Gathering Infrastructure with Paradigm Midstream Acquisition
(P&GJ) — The North Dakota and South Texas assets are comprised of four wholly owned gathering systems known as the Charlson Gathering System, Van Hook Gathering System, Mountrail Gathering System, and Eagle Ford Gathering System. These systems consist of approximately 350 miles of trunk lines and gathering lines for oil, gas, and water.
Say ‘Aloha’ to New Trend of Hydrogen Blending with Hawaii Gas
(P&GJ) — While most of the naphtha is converted to methane, some hydrogen is produced in the steam reformer process, resulting in hydrogen concentrations of up to 10% to 15%. As natural gas utilities around the world look to hydrogen as a potential solution to decarbonization, the decades of experience Hawaii Gas already has with a hydrogen blend provide an insightful study into the performance of equipment using hydrogen blends.
EPA: US 2022 Power Plant Emissions Fell on Switch from Coal to Gas
U.S. power plant emissions of pollutants that harm human health and warm the planet fell last year as the industry continued a switch from coal to natural gas, the Environmental Protection Agency said on Friday.
FERC’s Pipeline, LNG Project Evaluations Looking at EJ
(P&GJ) — The Federal Energy Regulatory Commission (FERC) is devoting an increasing amount of attention and staff resources to the evaluation of impacts of interstate natural gas pipeline and LNG terminal projects on environmental justice (EJ) communities (that is, communities with disproportionately large minority and low-income populations).
ESG & Innovation: API Looks at Species, Habitat Conservation
(P&GJ) — The American Petroleum Institute (API) published a first-edition document focused on species and habitat conservation for onshore natural gas and oil production facilities that will help boost the industry’s existing practices to enhance environmental performance.
Trinidad to Begin Negotiations for Gas Deal with Venezuela in March
A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
EOG Resources Says Low Natural Gas Prices Not Changing Drilling Plan
U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy and Comstock Resources, have said this month they are pulling back on drilling after U.S. gas prices tumbled 50% this year.
China Gas Holdings Secures LNG Supply Deals with Venture Global for 40-Year Term
China Gas Holdings has agreed to two 20-year LNG supply contracts with U.S. exporter Venture Global, adding to a flurry of deals signed between China and the U.S. since 2021. It would buy a total of two million tonnes per year of LNG from Venture Global under the two contracts with supply set to kick off in 2027.
Chesapeake Utilities to Develop Florida RNG Facility
(P&GJ) — FPU Renewables LLC, a subsidiary of Chesapeake Utilities Corp., will construct, own and operate a dairy manure renewable natural gas (RNG) facility, a press release announced on Feb. 21. The project represents a capital investment of $22 million, with the first injection of RNG projected to occur in 2024.
Abu Dhabi's ADNOC Looks to Raise Up to $2 Billion from IPO of Gas Unit
State oil giant Abu Dhabi National Oil Co. (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an equity valuation of $47 billion to $50.8 billion.
Cheniere Initiates Permit Process for Key Sabine Pass Project Expansion
Cheniere Energy Inc. on Thursday initiated an expansion permit process of LNG export capacity at its key Sabine Pass plant in Louisiana after the exporter topped revenue estimate on strong demand following Russia's invasion of Ukraine.
Diamondback Energy Targets At Least $1 Billion in Non-Core Asset Sale; Beats Profit Estimates
U.S. oil and gas producer Diamondback Energy Inc said on Wednesday it was increasing its non-core asset sale target to at least $1 billion by the end of this year from $500 million. Additionally, the shale producer announced it beat Wall Street expectations for fourth-quarter profit, as tighter energy supplies following Russia's invasion of Ukraine boosted crude prices.
Expanding Gas Infrastructure Presents Alternative to Permian Constraints
(P&GJ) — Oil is still serious business in the Bakken Shale, but when it comes to midstream, the money is on natural gas. As in the Permian Basin, oil production in the Williston has a high rate of associated natural gas. But the Bakken’s residual gas is rich in natural gas liquids (NGLs), and that requires infrastructure generally more akin to North Texas’ Barnett Shale than West Texas’ Permian.
Chesapeake Energy to Reduce Drilling on Lower Natural Gas Prices
U.S. natural gas producer Chesapeake Energy on Wednesday said it would pull back on drilling and completing wells this year as natural gas prices fell to a quarter of what they were last summer.
Tellurian Taps LNG Demand Surge to Deliver Fourfold Jump in Production
Tellurian Inc. on Wednesday reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.
Damaged Line Triggers Natural Gas Leak in College Station, Texas
(P&GJ) — At around 4:00 p.m. on Monday, the Texas Avenue and Richards Street neighborhood was the scene of a gas leak that the College Station Fire Department and College Station Police attempted to contain.
Financial Community’s Outlook on Oil and Natural Gas
(P&GJ) — Hop-scotching around North America in the fall of 2022 turned up varying voices calling for systemic changes in the energy industry that carry impacts from Wall Street to main street, from Canada to Mexico.
Leviathan Group Starts Plans for Israeli Floating LNG Terminal
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating LNG terminal off the coast of Israel, the companies said on Tuesday.
How LNG Will Fuel Global Energy Transition at Scale
(P&GJ) — LNG is a key enabler of the global transition to a decarbonized energy system. It will play a pivotal role as companies move from coal and oil to cleaner energy sources. LNG remains the only fuel choice available today to meet the energy needs of growing economies at scale. But it’s an extremely competitive market.
Putin Lauds Gas Giant Gazprom, Says Asian Demand Will Soar
"Despite unfair — to put it bluntly — competition, direct attempts from the outside to hinder and restrain its development, Gazprom is moving forward, launching new projects," Putin told Gazprom CEO Alexei Miller.
IEA's Birol Warns of Tighter Energy Supply Next Winter
International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new LNG is coming to the market while China's consumption is set to rise this year.
Williams Strikes Natural Gas Gathering Deals with Oil Major Chevron
Natural gas processing and transportation firm Williams Cos Inc. said on Friday it executed deals with oil major Chevron Corp.'s unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico.
India's GAIL Explores Up to 26% Equity Stake in US LNG Projects
India's largest gas distributor GAIL (India) Ltd. is looking to buy an equity stake of up to 26% in an LNG liquefaction plant or project in the United States, according to a document issued by the company.
US LNG Producers Poised to Leapfrog Rivals with Three New Projects
Projects best positioned to move ahead include Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas. They have all or most of the long-term LNG sales agreements needed to convince bank's that the projects are ready for debt financing, according to Reuters analysts.
Sources: Abu Dhabi's ADNOC to Float 4% of Gas Business
Sources told Reuters last month that ADNOC was eyeing a valuation of at least $50 billion for its gas business, which would translate to proceeds from the IPO of roughly $2 billion, according to Reuters calculations.
Report: Galp Planning to Sell 10% Stake in Mozambique Gas Project
Portugal's Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique's Rovuma basin, the Negocios newspaper said on Thursday, citing an unidentified source linked to the energy sector.
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
