Business & Markets
Canada Commits to Backing $2.2 Billion in New Trans Mountain Oil Pipeline Loans
The Canadian government is backing up to $2.24 billion in loans for Trans Mountain Corp., the crown corporation building an over-budget, long-delayed oil pipeline expansion to Canada's Pacific Coast.
Enterprise Expands Acadian Haynesville Gas Pipeline, Boosts Takeaway Capacity by 400 MMcf/d
(P&GJ) — The expansion increases the Acadian Haynesville Extension's natural gas takeaway capacity by approximately 400 million cubic feet per day, raising the total transportation capacity from 2.1 Bcf/d to 2.5 Bcf/d.
QatarEnergy and PetroBangla Sign 15-Year LNG Supply Deal
QatarEnergy has signed a 15-year supply deal for LNG with Bangladesh's state-owned PetroBangla for 1.8 million tonnes a year starting in 2026, CEO Saad al-Kaabi said on Thursday.
OLT Offshore LNG Increases Regasification Capacity
(P&GJ) — OLT Offshore LNG Toscana has received authorization to increase its annual regasification capacity from the current 3.75 billion to about 5 billion standard cubic meters per year.
Pipeline Operator Kinder Morgan to Increase Texas Gas Storage Capacity by 6 Bcf
U.S. pipeline operator Kinder Morgan Inc. said on Wednesday it plans to expand the working gas storage capacity at its Markham facility in Matagorda County, Texas, by 6 billion cubic feet (Bcf).
Colombia Cano Limon-Covenas Oil Pipeline Bombed
Colombia's Cano Limon-Covenas pipeline was bombed by unknown actors, operator Cenit said in a statement on Tuesday, prolonging the suspension of pumping crude between oil fields in the country's northeast and the Caribbean coast, where the oil is exported.
Aphrodite Gas Field Off Cyprus to Be Linked to Egypt, NewMed Says
The offshore Aphrodite natural gas field being developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a subsea pipeline, one of the partners in the project said on Wednesday.
Tanzania to Review Approval of $42 Billion LNG Project in June
Tanzania's government said on Wednesday it had completed negotiations with the investors of its $42 billion LNG project, with the agreements set to be reviewed for approval next month.
Europe's Biggest Gas Supplier Says All Clear from Pipeline Security Checks
Inspections of Norway's offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep.
Hyphen and Namibia Agree Next Phase of $10 Billion Green Hydrogen Project
Hyphen Hydrogen Energy has agreed a deal with the government of Namibia for the next phase of a $10 billion green hydrogen project that will export to Europe once complete, the two parties said on Wednesday.
Mexico Energy Regulator Gives Natural Gas 'Clean' Label, Drawing Criticism
A move by Mexico's energy regulator to declare some natural gas-fired power as "clean" drew criticism from environmental groups that say the change will not help the country reach its clean energy targets.
FERC Approves TC Energy's US-Mexico North Baja Natural Gas Pipeline Expansion
Canadian pipeline operator TC Energy Corp.'s North Baja Pipeline LLC unit has received permission from U.S. energy regulators to put the North Baja natural gas pipeline expansion in Arizona and California into service.
Pembina Pipeline, Marubeni to Partner on Low-Carbon Ammonia Export Project
(P&GJ) — Initial feasibility studies have been completed and the facility has an anticipated design capacity of up to 185 kilotonnes per annum of low-carbon hydrogen production, which will be converted into approximately one million tonnes per year of low-carbon ammonia.
Source: QatarEnergy to Sign Long-Term Asian LNG Supply Deal on Thursday
QatarEnergy will sign a long-term LNG supply deal with an Asian entity on Thursday, a source with direct knowledge of the matter told Reuters.
ConocoPhillips to Buy Rest of Canada's Surmont Oil Site, Bumping Suncor
ConocoPhillips said on Friday it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.
As Gas Reserves Wane, Philippines Faces Rising Costs in Switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing LNG, creating a fresh headache for a government struggling to curb high inflation.
Venezuela, Trinidad to Meet Again in June to Discuss Dragon Gas Project
Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas, according to three sources familiar with the matter.
Biden, McCarthy Debt Deal Could Speed Up Mountain Valley Gas Pipeline Project
Streamlined federal approval for the 303-mile (488-km) project was placed into the text of the budget deal between U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy that may end the debt limit crisis.
Pipeline Operator TC Energy Seeks US Approval to Put US-Mexico Gas Pipeline in Service
Canadian pipeline operator TC Energy Corp.'s North Baja Pipeline LLC unit asked U.S. energy regulators on Thursday for permission to put parts of the North Baja natural gas pipeline expansion in Arizona and California into service.
CorEnergy to Sell MoGas, Omega Pipeline Systems to Spire for $175 Million
(P&GJ) — CorEnergy Infrastructure Trust, Inc. has entered a deal to sell its MoGas and Omega pipeline systems to Spire Inc. for approximately $175 million in cash, the company said on May 25. The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois.
Sources: Four Bidders Vie for Stake in Exxon LNG Terminal in Italy
Four international groups are competing to buy Exxon Mobil Corp.'s majority stake in an LNG terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around $881 million.
PetroChina, BP Awarded 20-Year Access to Europe's Gate LNG Terminal
PetroChina International and energy giant BP have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.
Air Products Signs $1 Billion Deal for Gas Processing Facility in Uzbekistan
Industrial gases maker Air Products and Chemicals said on Thursday it had signed a $1 billion deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.
Iraq Oil Minister: Saudi Aramco to Develop 400 MMcf/d Iraqi Gas Field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani said on Thursday.
Shale R&D Cuts Cast Shadow on Future of US Oil Production
Shale technology advances that propelled the U.S. to the top global oil producer spot with world-beating growth rates are falling fewer and farther between as drilling budgets shrink and with them, the research and development that might deliver the next great leap.
Canada Natural Gas Exports to US Back at Levels Seen Before Alberta Wildfires
Canadian natural gas exports to the U.S. this week returned to levels seen before wildfires in Alberta and other western provinces over the past three weeks forced producers to shut oil and gas wells and cut the amount of fuel flowing in pipelines.
Oil Rises as US Gasoline Supplies Tighten, Saudi Says: 'Watch Out'
Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts.
Higher LNG Exports to Drive Up US Natural Gas Prices, EIA Projects
Increasing exports of U.S. LNG through 2050 will raise domestic prices for natural gas, the Energy Information Administration (EIA) said on Wednesday.
US Offers Oil, Gas Drilling Rights in First Auction Since Biden's IRA
Biden's Interior Department had attempted to suspend federal oil and gas leasing to study its environmental and climate impacts, but the Inflation Reduction Act that passed last year requires some oil and gas auctions if federal rights of way are offered for renewable energy projects.
Pipeline Operator Energy Transfer Slams US Denial of LNG Extension, Seeks Rehearing
Pipeline operator Energy Transfer slammed the U.S. Department of Energy's denial of an export-permit extension to its Louisiana LNG export project in a DOE filing, seeking a rehearing.
- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
