Natural Gas

Diversified Energy Completes $200 Million Sale of Appalachia Natural Gas Assets

(P&GJ) — Diversified Energy Company Plc announced that it closed on a strategic transaction that has unlocked additional value from its existing asset base. In a nutshell, the company sold producing assets in Appalachia to a Special Purpose Vehicle (SPV) named DP Lion Equity Holdco LLC.

E.ON CEO Stresses Germany's Gas Security Amid Middle East Risks

Germany's gas supply situation is far better than it was after Russia cut off supply last winter but instability in the Middle East could still send energy prices soaring, the head of energy firm E.ON said.

Russian Pipeline Gas Exports to Europe Down 56% in 2023

Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic meters (Bcm) in 2023, Reuters calculations showed on Tuesday.

Global News January 2024

Latest industry developments from around the world!

Editor’s Notebook: In Canada, A Tale of Two Pipelines

Well, well, well. It looks as if Canada is likely to be in the market for some new pipelines if word that the nation’s oil and gas producers plan to drill 8% more wells in 2024 comes to pass.

RNG Outlook Offers Mixed Message for Midstream

(P&GJ) – In mid-2023, the international management consulting firm Boston Consulting Group (BCG) issued an assessment of renewable natural gas (RNG) that offered a mixed message.

Canadian Regulators Reject FortisBC's Okanagan Gas Pipeline Expansion Plan

(P&GJ) — The British Columbia Utilities Commission (BCUC) has denied FortisBC Energy Inc.’s application for its Okanagan Capacity Upgrade project, which includes the construction, installation, and operation of approximately 30 km (19 miles) of new natural gas pipeline.

Kinder Morgan Successfully Acquires NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion

Kinder Morgan Inc. has successfully closed on its $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets, which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.

Projects December 2023

Western Midstream Partners closed its previously announced acquisition of Meritage Midstream Services II. The sale was funded with cash on hand and WES’s recent $600 million investment grade senior notes issuance.

Engie Brasil Sells 15% Stake in Gas Pipeline Firm TAG to Canada's CDPQ for $641 Million

Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for $641 million.

Chatterjee Fund Management Boosts Stake in LNG Developer Tellurian to 7.3%

Chatterjee Fund Management has increased its stake in U.S. liquefied natural gas (LNG) developer Tellurian Inc. to 7.3%, a filing with the Securities and Exchange Commission showed on Wednesday, up from 5.2% previously.

Oxygen Corrosion Control for Multiphase, Gas Phase Pipelines

(P&GJ) — The oil and gas industry is committed to driving greater production and transportation from existing infrastructure, and ensuring effective asset integrity and flow assurance is essential to this objective.

Williams to Acquire 230 Miles of Gas Pipeline, 115 Bcf Storage for $1.95 Billion

Pipeline operator Williams said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion to cater to rising demand from liquefied natural gas projects.

Big Oil Enters 2024 Strengthened by U.S. Industry Consolidation

The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation.

Trinidad: First Output from Venezuela's Dragon Gas Field Expected in 2 Years

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday.

Equinor Unloads Azerbaijan Assets, Including BTC Pipeline

Norway's Equinor said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energy firm SOCAR, including interests in the ACG oilfield and the BTC pipeline for an undisclosed price.

Energy Transfer Faces Allegations of Anti-Competitive Practices in Louisiana Pipeline Dispute

(P&GJ) — The dispute centers around Energy Transfer's denial of three projects seeking to cross its pipelines, leading to a legal battle impacting over $2 billion in energy infrastructure.

Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency

Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.

Canada Regulator Denies Trans Mountain Variance Due to Pipeline Integrity, Environmental Concerns

The Canada Energy Regulator said on Wednesday it denied a variance request from the Trans Mountain expansion project because the application did not adequately address concerns about pipeline integrity and environmental protection impacts.

ADNOC Signs 15-Year LNG Supply Deal with Unit of China's ENN

Abu Dhabi's state oil giant ADNOC said on Wednesday it signed a 15-year agreement to deliver at least 1 million metric tons a year of LNG to a subsidiary of China's ENN Natural Gas.

Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field

Shell and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (Tcf) Dragon gas field and export its production to the Caribbean nation.

Harbour Energy Strikes $11.2 Billion Deal for Wintershall Dea Assets

Britain's Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with BASF and LetterOne that creates one of the world's largest independent producers.

Balticconnector Still on Course for April Repair, Gasgrid Says

Finnish gas grid operator Gasgrid on Thursday said commissioning of the Balticconnector gas pipeline between Finland and Estonia was still technically possible in April of 2024, provided that ongoing design and repair work was successful.

FERC Approves MVP’s Southgate Gas Pipeline Extension in North Carolina, Alongside Rate Hike

(P&GJ) — The Mountain Valley Pipeline (MVP) has received two federal approvals from the Federal Energy Regulatory Commission (FERC): one for increased rates on the transportation of natural gas through the 303-mile pipeline and the other for additional time for the construction of a North Carolina extension known as the Southgate Project.

Study: Texas Grid Over Relies on Natural Gas to Restore Power After Blackouts

The Texas electric grid is too dependent on natural gas-fired backup power generators after blackouts, U.S. regulators found on Tuesday in a study that also called for gas suppliers and electric utilities to sync their plans to recover from outages.

DNV and NGT Collaborate on Pioneering Hydrogen Pipeline Research for UK's Gas Network

DNV has announced that it is the lead partner for National Gas Transmission (NGT) in further expanding a world first hydrogen pipeline research facility FutureGrid. DNV will support NGT in developing a hydrogen de-blending, purification, and re-fueling facility at the site.

Mubadala Energy Makes Major Gas Discovery in Indonesia’s South Andaman

United Arab Emirates' Mubadala Energy said it discovered a major deep sea gas reserve in Indonesia's South Andaman Block, which analysts said is the world's second-largest deepwater discovery this year.

Mexico Shows Elevated Methane Emissions from Gas Pipeline, Scientists Report

Mexico emitted "extreme" amounts of methane from a natural gas pipeline running through its northern border state, Durango, in 2019, a research paper published on Tuesday showed, citing data collected from satellites.

Beijing Eyes Broader Energy Collaboration with Russia, Discusses Power of Siberia 2 Gas Pipeline

Beijing intends to expand energy cooperation with Russia along all stages of production, and Chinese Ambassador to Russia Zhang Hanhui said that both countries were in active discussions about Russia's planned Power of Siberia 2 gas pipeline.

Putin Directs Removal of Wintershall Dea, OMV Stakes in Russian Arctic Gas Projects

Russian President Vladimir Putin has ordered that Wintershall Dea and OMV be stripped of multibillion-dollar stakes in gas extraction projects in Russia's Arctic.