Business & Markets

Peninsula Pipeline Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida

(P&GJ) — Peninsula Pipeline Co. will construct new infrastructure in two phases. Phase one involves the construction of three new pipeline segments, which consist of steel pipe, new regulator stations and improvements, a new gas injection point and three new points of delivery. Phase two of the project involves the installation of two new steel pipeline segments.

Exxon Mobil Sets Large-Scale Hydrogen Plant Start-Up for 2027

Exxon Mobil Corp. disclosed on Monday its plan to start operations at its large-scale hydrogen plant in Texas in 2027 or 2028, Exxon's Low Carbon business president Dan Ammann told Reuters.

Russian Gas Supply Hit Pushes India's GAIL to Scout for Long-Term LNG

GAIL (India) Ltd. is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.

Shell CEO's First Changes Combine Upstream and LNG Operations

Shell will combine its oil and gas production and LNG divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.

Australia and Germany to Invest $90 Million for Joint Hydrogen Supply Chain Projects

Australia and Germany have earmarked $35.5 million and $54.4 million, respectively, towards a joint initiative to establish a green hydrogen supply chain, Australian Minister for Climate Change and Energy Chris Bowen said on Friday.

LNG Industry Body Sees First Carbon Neutral Cargo Delivery to Taiwan

The first carbon neutral LNG cargo using the emissions monitoring and verification framework set up in 2021 by an international industry body has been delivered to Taiwan.

ICE to Open London Gas Hub, Creating Route Around EU Price Cap

The Intercontinental Exchange plans to launch a "parallel market" in London for Title Transfer Facility gas trading next month, it said on Friday, providing a way for market participants to avoid the European Union's gas price cap.

Philippines Greenlights Seventh LNG Project, Gears Up for Gas Imports

The Philippines' Department of Energy said on Friday it has approved a $67-million LNG import terminal project, the country's seventh such facility, as it gears up for the launch of its liquefied natural gas industry this year.

Russia's Sakhalin 2 May Double LNG Revenue as Top Buyers Stay Despite Ukraine Crisis

Russia's Sakhalin 2 LNG project could generate twice the revenue this year that it did before the Ukraine conflict thanks to long-term deals with Asian buyers and higher prices, according to analysts and Reuters calculations.

Trinidad Offers to Pay for Venezuelan Gas with Humanitarian Supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

Pipeline Operator Kinder Morgan Sees Tax Credits Speeding Up Clean Energy Investments

U.S. funding for clean energy projects will help energy pipeline operator Kinder Morgan accelerate its investments in renewable natural gas and carbon sequestration, executives said on Wednesday.

Supply Chain Woes Loom Large for Oil, Gas Sectors

(P&GJ) — In the fall of 2022, the Chicago-based Association for Supply Chain Management (ASCM) joined with the respected global accounting and consulting firm KPMG International to create an index for measuring the sustainability of the global supply chain, accompanied by a report that included some sobering conclusions. It summarized the past two years as producing a doubling of the stress level on global supply deliveries.

Sempra Energy Strikes 20-Year LNG Supply Deal with Poland's PKN ORLEN

Sempra Energy said on Wednesday it would supply 1 MTPA of LNG from its Port Arthur LNG Phase 1 project to Poland's PKN ORLEN SA for 20 years.

Argentina Pumps Record Shale Oil as Vaca Muerta Takes Off

Argentina posted record production of shale oil in December, the energy ministry said on Tuesday, as development of the country's huge Vaca Muerta shale formation fuels output gains.

Exxon Stops Routine Gas Flaring in The Permian, Wants Others to Follow

Exxon Mobil Corp. said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials said in an interview.

Russia, Uzbekistan in Talks to Reverse Gas Pipeline

Russia and Uzbekistan plan to look into the possibility of arranging Russian natural gas shipments to the Central Asian nation via a pipeline that is currently used to pump it in the other direction, the Tashkent government said on Wednesday.

Value of Routing Studies for New Natural Gas Pipelines

(P&GJ) — When natural gas pipeline owners announce their preferred route for a new pipeline, permitting bodies and other stakeholders inevitably ask, “Why here?” By conducting a methodical routing study that produces data-driven and experience-tested route alternatives, owners obtain supporting data and documentation they can use to formulate a response and help obtain buy-in.

Supply Chain Solutions for Natural Gas Leak Detection

(P&GJ) — Now more than ever, utilities, governments and pipeline companies are incentivized to secure their supplies of natural gas from production all the way to the meter. Leak detection and emissions reduction are critical components of an optimized natural gas distribution system.

Uganda to Unveil First Commercial Oil Production Drilling Program

Uganda will commission on Tuesday the first of its four planned oil drilling rigs and start drilling the first production well, its petroleum agency said, a key milestone as the country races to meet its target of first oil output in 2025.

Energy Secretary Granholm Says Biden Would Veto House Republican Bill on Oil Reserve

President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.

Pakistan Could Start Importing Russian Oil After March

Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed and is discussing with Islamabad whether payment could be made in the currencies of "friendly" countries, Russia's energy minister said on Friday.

Gascade and Fluxys Step Up Plans for North Sea Hydrogen Pipeline

Pipeline operators Gascade and Fluxys are stepping up the pace on plans for a green hydrogen pipeline in the North Sea by applying to the European Commission to qualify for fast-track approvals and funding, they said on Monday.

APGA Perspective: Policymakers Need to Incentivize Natural Gas Innovations

(P&GJ) — Energy security, affordability and efficiency remain top-of-mind for American consumers. As such, the role of natural gas in our country’s future energy mix has sparked continuous debate among voters and policymakers.

U.S. Department of Energy Rejects Initial Bids to Resupply Oil Stockpile

The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude oil stockpile in February, according to a DOE spokesperson.

Uganda to Announce Oil Blocks Licensing Round in May

Uganda said on Friday it plans to announce a third oil licensing round in May in an effort to further develop a sector on track to produce its first oil in 2025. The country is also developing a crude export pipeline and a domestic crude refinery that will help to commercialize the country's oil resources.

Pipelines Gearing Up for Hydrogen-Powered Economy

(P&GJ) — From growing concerns for climate change and net-zero carbon emission commitments, to a focus on greenhouse gas reduction – hydrogen’s potential to help solve crucial energy issues, has gained plenty attention.

Chesapeake Selling Eagle Ford Assets for $1.4 Billion; Focusing on Gas-rich Marcellus, Haynesville

U.S. oil and gas exploration and production company Chesapeake Energy Corp. said on Wednesday it had agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.43 billion in cash.

Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake

Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi LNG project with the country's upstream oil and gas regulator, officials said on Tuesday.

NextDecade Signs 15-Year LNG Supply Deal with Japan's Itochu Corp.

NextDecade Corp. said on Thursday it will supply 1 million metric tonnes of LNG per annum to Japan's Itochu Corp. for 15 years from its Rio Grande LNG export project in Brownsville, Texas.

Russian Gas Exports to Europe Plunge 22% in January - Reuters

Daily pipeline gas exports by Kremlin-controlled energy giant Gazprom to Europe fell 22% in the first half of January compared with December amid milder than usual weather, Reuters calculations show.