Natural Gas

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Russian Diamond Producer Tests CO2 Capture Potential by its Ore

State-controlled diamond producer Alrosa has teamed up with Russian scientists to test the ability of its processed ore to absorb carbon dioxide, the company said, adding that initial results of the study have been promising.

Italgas Expects DEPA Deal to Drive Earnings as Greece Looks to Gas

Italgas is working to ready its pipelines in Italy to carry biogases in the future and its experience could be transferred to Greece.

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.

Russia to Consider Rosneft's Access to Nord Stream 2

Russia's energy ministry is due to prepare a report in the coming days on the possibility of Rosneft exporting gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday.

Record Gas Prices Could Hasten Nord Stream 2 Launch, Analysts Say

Record gas prices in Europe could hasten clearance for fuel supplies via Russia's Nord Stream 2 pipeline to Germany, analysts said on Tuesday.

Enbridge’s Cameron Extension Pipeline Project Nearing Completion

Texas Eastern Transmission’s Cameron Extension pipeline project in southwestern Louisiana is on track to be mechanically complete in October, leading to a November in-service, an Enbridge spokesperson said.

Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind

The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.

EIA Expects U.S. Natural Gas Consumption to Decline Through 2022

The Energy Information Administration forecasts natural gas consumption will decline in all end-use sectors in the U.S. except in the industrial sector and for other non-sector-specific uses (lease and plant fuel, pipeline and distribution use, and vehicle use).

EIA Reports: Natural Gas Exports to Mexico Set Monthly Record

Natural gas pipeline exports from the United States to Mexico surpassed 7 Bcf/d on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out on June 17.

EIA Expects Higher Natural Gas Prices Due to Production Reductions Following Hurricane Ida

The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook, EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per MMBtu, a 16% increase from its August forecast.

Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis

Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.

Exxon to Begin Certifying Some Shale Gas Emissions Amid Investor Pressure

Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining several shale gas producers seeking to provide the data to buyers.

U.S. NatGas Slips on Milder Weather View, Post-Ida Restarts

U.S. natural gas futures slipped on Tuesday as forecasts projected milder weather and energy firms continued efforts to restart facilities along the U.S. Gulf Coast after Hurricane Ida.

Securing America’s Critical Energy Infrastructure: 5 Steps for Operators

Today, fearing the worst, oil and gas companies – and the federal government – are putting a renewed emphasis on cybersecurity in this crucial component of our nation’s critical infrastructure sector. In this threatening and confusing landscape, operators follow five steps detailed in this article.

Black Sea Oil & Gas Project a Litmus Test for Romanian Offshore Gas Investment

Black Sea Oil & Gas is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains, it could impact its operations in the country.

Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul

The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.

U.S. NatGas Gains as Energy Firms Struggle to Restart Post-Ida

U.S. natural gas futures gained on Friday as significant output remained offline in the aftermath of Hurricane Ida, exacerbating supply concerns in an already tight market.

Over 89% of Oil, Gas Output Shut in U.S. Gulf of Mexico

Oil and gas production in the U.S. Gulf of Mexico on Friday remained largely halted in the aftermath of Hurricane Ida, with 1.7 million barrels, or 93%, of its daily crude output suspended.

China's Zhenhua Oil Seeks Tie-Up with Local Firm for First Gas Terminal

China's Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first import facility the state-run trader will own a stake in.

U.S. Energy Firms Strain to Shake Off Hurricane's Toll

U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida's damages became more apparent.

Ukraine Warns Europe to be Dependent on Russia for Gas Supply with Nord Stream 2

The launch of Russia's Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine's gas transit operator said.

U.S. NatGas Firms on Supply Woes as Focus Turns to Storage Report

U.S. natural gas futures were near their highest in about three years on Thursday, buoyed by overall projections for lower supply as investors prepared for a federal report expected to show a smaller-than-normal storage build.

Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal

Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.

U.S. NatGas Soars Over 7% to 32-Month High on Small Storage Build, Hot Weather

U.S. natural gas futures soared over 7% to a 32-month high on a much smaller than expected storage build during hot weather last week.

ConocoPhillips-Backed Solaris Readies IPO with Sustainability Pitch

ConocoPhillips-backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors.

WhiteWater Announces Acquisition of Sendero’s Gateway Pipeline

WhiteWater announced the acquisition of Sendero’s Gateway Pipeline. The 24-inch Gateway Pipeline is connected to WhiteWater’s Agua Blanca natural gas pipeline system.

EIG Global Energy Partners Submits Offer for Petrobras Pipelines in Brazil

U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source said.

Spire Could Get More Time to Operate Missouri STL NatGas Pipeline

Spire Inc. will likely get more time to keep its STL pipeline in Missouri operating after the environmental group that won a court decision requiring the pipe shutdown asked the court for more time, according to analysts.

Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement

The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.