Natural Gas

NextEra Energy Posts Fourth-Quarter Profit, Helped by Lower Gas Prices

The power company, which makes most of its electricity from natural gas, benefited from lower natural-gas prices, which fell about 14% in the quarter from the third quarter, on ample storage and a milder-than-expected winter.

Kinder Morgan Remains Bullish on Natural Gas Demand Growth

Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.

India Approves $1.02 Billion in Incentives for Coal Gasification

India's cabinet on Wednesday approved plans to provide incentives worth $1.02 billion for projects to convert coal into gas, the coal and mines minister said, as it seeks to reduce its reliance on imported fuel.

U.S. Oil Refiners Ask EPA to Limit Participation in Renewable Fuel Credit Market

U.S. oil refiners have asked President Joe Biden's administration to reform the renewable fuel credit program by restricting who can participate, claiming the current trading environment allows market manipulation and raises fuel costs.

Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years

The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations.

BP Sees Trinidad Deepwater Gas Project Getting Greenlight by 2025

BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Petronas Seeks Fiscal Incentives to Develop Suriname Gas Project

Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas in the South American country.

Ust-Luga Port in Russia Continues Crude, Fuel Exports Despite Novatek Terminal Closure

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek's terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources.

Trinidad in Talks with Europe to Supply Venezuelan LNG

Trinidad and Tobago has begun talks with some European countries on the supply of LNG produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Sunoco to Acquire NuStar Energy in $7.3 Billion Deal for Midstream Expansion

The deal, which has been approved by both the boards, will give Sunoco access to NuStar's transportation and storage facilities, including a portfolio of about 9,500 miles of pipeline and 63 terminals.

Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines

(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.

CorEnergy Completes $175 Million Sale of MoGas, Omega Pipeline Systems to Spire

CorEnergy Infrastructure Trust Inc. has successfully closed the sale of its MoGas and Omega pipeline systems to Spire Midstream for $175 million.

U.S. Regulator Seeks More Data on Occidental-CrownRock Deal

The U.S. Federal Trade Commission (FTC) has asked for more information on Occidental Petroleum's $12 billion deal for Permian-based producer CrownRock, the firms said on Monday, making it the latest big oil merger to face increased scrutiny.

TotalEnergies Says Danish Tyra Gas Field Ready to Start in March

TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.

Spotlight on Germany: Nation’s Pipelines Nearing Major Changes

The pipelines’ sector of Germany is on the verge of major changes, due to the ongoing conversion to hydrogen and the rapid development of H2 and gas pipelines’ infrastructure throughout the country.

Chevron Initiates Marketing of Natural Gas Assets in Canada's Duvernay, Anticipates Up to $900 Million in Sales

Chevron has said it plans to offer between $10 billion and $15 billion in assets by 2028 following deals with Hess Corp., PDC Energy and Noble Energy that will significantly expand its oil and gas output.

Inpex Expedites $20 Billion Abadi LNG Project Development in Indonesia

Inpex Corp., Japan's top oil and gas explorer, is set to accelerate development of its $20 billion Abadi Indonesian LNG project, with the aim of starting operations as soon as late this decade, its CEO said on Thursday.

U.S. LNG Feedgas Cut by Arctic Freeze, Problems at Freeport LNG

The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.

Blinken Urges Bosnian Lawmakers to Pass Gas Pipeline Law with Croatia

U.S. Secretary of State Antony Blinken has urged Bosnian Croat lawmakers to stop holding up legislation to build a natural gas pipeline with Croatia, seen as an alternative to Russian gas, local media reported on Thursday.

Enbridge, FortisBC to Study Hydrogen Delivery Through Canadian Gas Pipeline Infrastructure

The study will look at the percentage of hydrogen that can be safely transported through gas pipeline infrastructure, such as Enbridge's Westcoast natural gas transmission system, to reduce greenhouse gas emissions.

INEOS Bio-HDPE Powers First Sustainable Gas Pipeline for GRDF in France

INEOS has introduced a bio-based high-density polyethylene (HDPE) that is used in the construction of the world's first fully sustainable gas pipeline. GRDF, the French gas utility network operator, installed this pipeline, relying solely on the low carbon footprint polymer.

Sinopec Unveils Massive 133 Bcm Certified Tight Gas Reserves in Sichuan Basin

China's Sinopec Corp. said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in southwest Sichuan basin.

Kinder Morgan's Q4 Profits Dip on Interest Costs and Natural Gas Challenges

Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline segment hurt margins during the period.

GasNet's 40,000-Mile Gas Pipeline Network Attracts CEZ and CVC for Final Bidding

CEZ and CVC Capital Partners are planning to place competing bids next week for Czech gas distribution network GasNet, which covers 80% of the country's gas distribution through a network of 40,000 miles of gas pipelines.

WoodMac: Gas, LNG Prices to Remain Relatively Weak in 2024 Amid Subdued Demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter, consultancy Wood Mackenzie said on Wednesday.

U.S. Natural Gas Demand Hits Record High Amid Severe Cold Snap

U.S. homes and businesses used a record amount of natural gas on Tuesday as demand for the fuel for heating and power generation soared during an Arctic blast that also cut gas output to near a 13-month low by freezing wells.

INGAA Foundation Unveils Report on Electrifying Natural Gas Compression for Greenhouse Gas Reduction

The Foundation aimed to assess the potential effects of electrifying natural gas transmission compression as a strategic measure to combat greenhouse gas (GHG) emissions across the natural gas supply chain.

Deep Freeze Hits U.S. Oil Industry from North Dakota to Texas

A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others, and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.

West Virginia Greenlights Hope Gas' $177 Million Pipeline, Deemed 'Reasonable and Necessary’

West Virginia's PSC approves Hope Gas' pipeline project, investing $177 million to meet Morgantown's rising demand. Amid supply challenges, local customers welcome increased capacity for the region's energy needs.

Talos Energy to Acquire QuarterNorth Energy for $1.29 Billion

Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 billion cash-and-stock deal to bolster its presence in Mexico.