Natural Gas
Trafigura to Appoint Richard Holtum as New CEO Next Week - FT
Commodity trader Trafigura plans to name Richard Holtum as its new chief executive as soon as next week, the Financial Times reported on Friday, citing people briefed about the matter.
Colombia Risks Blackouts Without Swift Natural Gas Strategy, Experts Warn
Colombia must decide soon whether to focus on imports of liquefied natural gas (LNG) or encourage domestic output of natural gas if it wants to avoid power blackouts, according to Wood Mackenzie.
Criminal Probe Underway After Car Strikes Energy Transfer Pipeline in Houston, Body Found
Human remains were found in a burned-out car that struck an Energy Transfer natural gas liquids pipeline earlier this week in Houston, sparking a criminal investigation, local media reported on Thursday citing officials.
Pertamina's Shipping Unit Plans to Double Tanker Fleet, Expand LNG Capacity Over 10 Years
The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.
ConocoPhillips, Uniper Ink 10-Year Natural Gas Supply Deal
German energy company Uniper and U.S. oil and gas producer ConocoPhillips said they have agreed a supply deal for up to 10 billion cubic meters of natural gas over the next 10 years.
Glencore Signs 20-Year LNG Supply Deal with Commonwealth LNG, Kimmeridge
Commodities giant Glencore has signed a non-binding agreement to buy 2 million tonnes per annum of liquefied natural gas from Commonwealth LNG along with equivalent natural gas supply from Kimmeridge Texas Gas.
TotalEnergies Extends CNOOC LNG Deal by Five Years
France's TotalEnergies said on Thursday it has extended an agreement with China's CNOOC by five years that will see it deliver 1.25 million tons of LNG per year until 2034.
EQT CEO Predicts U.S. Natural Gas Prices to Stay Below $3/MMBtu Amid LNG Demand Growth
The CEO of U.S. natural gas producer EQT Corp. on Wednesday said U.S. prices for the fuel will remain below $3 per million British thermal units in the short term.
Argentina's Reversion del Norte Pipeline Project Nears Completion After Successfully Crossing River
Argentina's 93-mile Reversion del Norte pipeline has overcome significant delays, reaching a key milestone by crossing the Tercero River. The project, crucial for gas supply to northern Argentina and exports to Bolivia and Brazil, is now on track for completion in late 2024.
Bayou Midstream II Secures Equity Backing from EIV Capital to Expand U.S. Infrastructure
Bayou Midstream II has announced an equity commitment from EIV Capital, LLC following their successful partnership for Bayou Midstream LLC (Bayou I).
Energy Leaders Believe VP Harris Won’t Ban Fracing, Citing Gas Price Risks
U.S. Vice President Kamala Harris understands natural gas prices will rise if fracing is banned, industry executives said, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president.
Energy Transfer Pipeline Fire Continues to Burn in La Porte, Texas
Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, was still burning on Tuesday and a state regulator said it would probably keep burning into the afternoon.
Apollo Strikes $1 Billion Deal to Fund BP's Stake in Trans Adriatic Pipeline
Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline.
ConocoPhillips CEO Calls for U.S. to End 'Crazy' LNG Permit Pause
ConocoPhillips CEO Ryan Lance on Tuesday called on the U.S. government to end "this crazy LNG (permit) pause" and allow the country to lead the liquefied natural gas industry.
Chevron CEO Criticizes Biden’s Gas Policies, Says AI Depends on Permian Gas
Chevron CEO Michael Wirth criticized the Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
Woodside Energy Eyes Partners for Driftwood LNG, CEO Says
Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O'Neill said on Monday.
Energy Transfer Pipeline Erupts Into Fire in La Porte, Texas
A pipeline explosion near Houston spread from Deer Park to La Porte, igniting grass fires and prompting widespread evacuations. Multiple agencies, including the Deer Park and La Porte fire departments, responded to the scene.
Wood to Design DeLa Express Gas Pipeline Linking Texas to Louisiana
The 690-mile pipeline project being developed by DeLa Express LLC is proposed to deliver liquids-rich natural gas from the Permian Basin of West Texas to the U.S. Gulf Coast and international export markets.
Thailand’s PTT Signs 5-Year LNG Supply Deal with Oman LNG
Thailand's largest energy firm, state-controlled PTT PCL, has signed a five-year deal to buy liquefied natural gas (LNG) from Oman.
BKV Aims to Raise Up to $315 Million in U.S. IPO
Natural gas producer BKV Corporation said on Monday it plans to raise up to $315 million in its initial public offering in the United States.
TC Energy's Coastal GasLink Pipeline Faces New Environmental Fine for Non-Compliance
TC Energy's Coastal GasLink pipeline in western Canada has been fined $434,558 for 10 environmental non-compliance penalties, the British Columbia government said.
Egypt Snaps Up 20 LNG Cargoes Amid Tight Market, Defying Price Predictions
Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected premiums, trading sources told Reuters on Friday.
U.S. LNG Feedgas Falls as Storm Francine Hits Louisiana Export Plants
The amount of natural gas flowing to U.S. liquefied natural gas export plants was on track to slide further on Thursday with energy companies reducing feedgas to plants as storm Francine barreled into southeastern Louisiana, according to data from financial firm LSEG.
Hurricane Francine Halts 39% of U.S. Gulf of Mexico Crude Oil Production
About 39% of crude oil production and 49% of natural gas output in the U.S. Gulf of Mexico were shut on Wednesday as hurricane Francine barreled toward the Louisiana coast, the U.S. Bureau of Safety and Environmental Enforcement said.
LNG Buyers Warn of U.S. Supply Risks After Export Permit Pause
Major buyers of liquefied natural gas (LNG) flagged risks of purchasing cargoes from the U.S. following the decision by the Biden administration to pause export permits of the superchilled fuel to non-Free Trade Agreement countries.
BlackRock Fund Acquires Stake in Saudi-Bahrain Pipeline from Bapco Energies
A BlackRock-managed fund has bought a minority stake in a pipeline linking Saudi Arabia and Bahrain from Bahrain state oil firm Bapco Energies, the two firms said on Wednesday, as the small Gulf state tries to extract value from its energy assets.
Energean's Profit Rises on Israel Output Boost, Despite Market Challenges
Gas producer Energean reported higher first-half profit on Wednesday, helped by a rise in production due to strong summer demand in Israel, which accounts for more than 70% of total output.
UTulsa Facility Advances Hydrogen Blending Research for Natural Gas Pipelines
U.S. Sen. James Lankford recently toured the University of Tulsa's hydrogen blending research facility, where ongoing studies explore integrating hydrogen into natural gas pipelines to reduce carbon emissions.
Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
Williams' Transco has applied for a temporary emergency certificate from FERC to continue operating its new $1 billion natural gas project running through five mid-Atlantic states after the regulator's approval was vacated.
Enbridge Evacuates Gulf Platforms as Storm Francine Nears
Energy pipeline operator Enbridge has pulled employees from several offshore U.S. Gulf of Mexico platforms, the company told customers, as Tropical Storm Francine advanced toward a landfall in Louisiana.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- Ukraine Approves $20 Billion Plan to Boost Renewable Energy to 27% by 2030
