Oil
McDermott Wins EPCI for 155 Miles of Offshore, Onshore Pipelines in Qatar's North Field
The contract covers the EPCI of nearly 250 km (155 miles) of offshore and onshore gas pipelines, connecting five new offshore wellhead platforms to two new onshore LNG trains.
Brazil’s Eneva Launches Gas Exploration, Carbon Storage Search in Parana Basin
Brazilian oil firm Eneva has began an exploratory campaign for natural gas in the Parana Basin that could lead to the firm's entry in the carbon capture market, a director at the firm told Reuters.
Chevron to Sell Assets Worth $6.5 Billion to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan.
OPEC+ Prepared to Offset Iranian Oil Loss, But Broader Disruptions Remain a Concern
OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities, but the producer group would struggle if Iran retaliates by hitting installations of its Gulf neighbors.
Goldman Sachs Predicts Brent Price Surge Amid Escalating Iran Tensions
Goldman Sachs said on Friday that it expects its Brent price forecast to peak $10-$20 per barrel in 2025 due to potential disruptions in Iranian production.
Chesapeake, Southwestern Complete $7.4 Billion Merger, Rebrand as Expand Energy
Chesapeake Energy and Southwestern Energy have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp.
Russia Sues Shell Units Over Energy Projects, Court Documents Reveal
Russia's Prosecutor General has filed a lawsuit against a number of energy major Shell's units, court documents showed on Friday.
Enbridge Green Lights $700 Million Pipeline Network Plans for Gulf of Mexico
Enbridge will construct and operate crude oil and natural gas pipelines for BP's Kaskida oil hub in the U.S. Gulf of Mexico, set to start production in 2029. Shell has also announced its final investment decision for the Rome Pipeline, which will transport oil from the project.
Summit Midstream Acquires Tall Oak Midstream for $450 Million
Tall Oak operates a large gas gathering and processing system in the Arkoma Basin, featuring two natural gas processing plants with a total capacity of 220 MMcf/d and 411 miles of gas gathering lines.
Brent Oil Traders Reroute U.S. Cargoes Using Little-Known Rule
Big energy traders are leveraging a little-known rule to reroute U.S. oil shipments meant for Europe, raising concerns about the effectiveness of recent reforms to the Brent crude price benchmark and its reflection of true market demand.
U.S. Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. Department of Energy has purchased 6 million barrels of oil for the Strategic Petroleum Reserve. The oil, sourced from Exxon Mobil, Shell Trading, and Macquarie Commodities, will be delivered monthly to the Bayou Choctaw site starting in February 2025.
Guyana Receives 27 Bids from Energy Giants for Crude Marketing Contract
Guyana has received 27 bids from major energy companies, including Shell and TotalEnergies, for a 12-month contract to market the government’s share of crude oil. The contract will cover exports from key oil projects, with deliveries expected in 1-million-barrel cargoes
From Crude to NGL: Understanding the Complexities of Pipeline Conversions
As Enterprise Products Partners LP expands its footprint in the Permian Basin, the conversion of existing pipelines raises both opportunities and challenges. This article delves into the complexities involved in repurposing energy infrastructure, highlighting technical, economic, and safety considerations amid robust production growth.
TotalEnergies, APA Approve $10.5 Billion Oil, Gas Project in Suriname
The small South American country wants to follow in the footsteps of neighboring Guyana, where a consortium led by Exxon Mobil has discovered more than 11 billion barrels of recoverable oil and gas resources.
Exxon’s $1.28 Billion Asset Sale to Seplat Nears Approval, Says Nigerian President
Nigeria is struggling to raise output of oil, its biggest export earner, mainly due to theft of crude and pipeline vandalism in the Niger Delta, forcing companies like Exxon and Shell to look to deepwater projects for expansion.
TotalEnergies to Showcase Low-Cost Oil Projects, Long-Term LNG Deals to Investors
Fresh off a flight from Suriname, TotalEnergies' CEO is expected to tell investors in New York on Wednesday that the energy giant can maintain returns through 2030 despite falling prices, thanks to low-cost oil projects like its most recent in the South American country.
Pemex Oil Production Drops as Lopez Obrador Exits Presidency
Pemex's crude oil production fell by 6% in August, marking a new low, as Mexico's outgoing president Lopez Obrador's energy goals fell short. Despite an increase in refined product output, Pemex continues to rely heavily on fuel imports, particularly gasoline and diesel.
Ground Work on Extension of Mayakan Pipeline Begins
The Federal Electricity Commission (CFE) and Engie Mexico began construction work after signing a new agreement at the end of March for the expansion of the Mayakan Gas Pipeline.
Profile of Regulations on Colorado County Points to Private Property Safeguards
Colorado is among the largest producers of oil and natural gas in the United States, and the bulk of the energy production in the Centennial State is found in one county: Weld County.
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
U.S. FTC Clears Chevron-Hess Deal, Bars John Hess From Board
The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp. on Monday, in an order that barred Hess CEO John Hess from Chevron's board.
Sames Bids Farewell After 20 Years
After nearly 20 years, Christina Sames is stepping away from her role as senior vice president of Operations & Engineering for the American Gas Association (AGA).
New AMPP Chair Stresses Enhancing Member Access to Standards
AMPP’s new chair, Kimberly-Joy Harris, brings over 30 years of expertise to the energy sector, specializing in leading and consulting on projects that enhance asset integrity and sustainability, efficiency and innovation.
Exxon Board Member Gregory Goff Joins Elliott Group's Bid to Acquire Citgo Petroleum
Exxon board member Gregory Goff has joined Amber Energy, an Elliott-backed company, in a bid to acquire Citgo Petroleum through a U.S. court auction. The deal aims to resolve Venezuela’s debts, placing a $7.28 billion enterprise value on the Houston-based oil refiner.
ConocoPhillips Secures Court Approval to Seize Payments to Venezuela's PDVSA
The court's decision comes as part of ConocoPhillips' ongoing efforts to recover compensation after the expropriation of its assets by Venezuela. The ruling allows the company to target PDVSA assets linked to the joint Dragon Gas Field project.
Vivakor Finalizes $120 Million Acquisition of Endeavor Crude Transport Firms
The Endeavor entities collectively manage a large-scale oilfield trucking fleet, transporting crude oil and petroleum products across the U.S. They are also involved in blending, processing, and remediating hydrocarbons, with facilities linked to pipeline networks.
Natural Gas Producers Demand Harris’ Stance on Key Energy Issues in Battleground Pennsylvania
As the nation’s second-largest natural gas producer, Pennsylvania is crucial in the upcoming election, with energy policies on LNG and fracing poised to shape the battleground state’s economy. Harris’s approach remains unclear, leaving industry leaders concerned about the potential impact on jobs and energy costs.
FTC Bars Hess CEO from Chevron Board Seat in $53 Billion Deal, Sources Say
U.S. antitrust regulators will block Hess CEO John Hess from joining Chevron's board as a condition for approving Chevron's $53 billion acquisition of Hess, according to sources. This mirrors restrictions in other recent oil industry megamergers.
Validus Energy to Acquire Tulsa-Based Citizen Energy in $2 Billion Deal, Sources Say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter.
Eni CEO Predicts Brent Oil to Rebound to $80 per Barrel by Year-End
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
- 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
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
