Business & Markets
New Gas Pipeline Stretching 808 Miles to Murmansk Confirmed by Novatek
(P&GJ) — Novatek, the Russian energy giant, has officially announced its project to construct an extensive 808-mile (1,300-km) gas pipeline reaching Murmansk, Russia. The pipeline project is expected to be able to transport 40 billion cubic meters of gas annually.
Marathon Oil Inks 5-Year LNG Deal for Alba Gas in Equatorial Guinea
(P&GJ) — Marathon Oil Corp. has entered into a five-year firm LNG sales agreement with Glencore Energy U.K. Ltd. for a portion of its equity natural gas produced from the Alba Field in Equatorial Guinea.
Williams Selected by DOE to Participate in Two Regional Clean Hydrogen Hubs
(P&GJ) — The U.S. Department of Energy (DOE) has chosen Williams to join two hydrogen hubs, one in the Pacific Northwest and another in Appalachia.
Petrobras, Excelerate Energy Extend 10-Year Charter for FSRU Sequoia in Brazil
(P&GJ) — Under the agreement, Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.
Shell Abandons Carbon Offset Targets
Shell has given up on specific spending and volume targets for carbon offsets, also known as nature-based solutions (NBS), Chief Executive Wael Sawan told the Energy Intelligence Forum on Tuesday.
Saudi Aramco Eyes Additional LNG Investments for Market Leadership
The chief executive of Saudi Arabia's oil group Aramco, Amin Nasser, said his company is looking at more investments in LNG to boost its plans to become a leading player in the seaborne gas market.
Finland Terminal Receives First LNG Cargo After Pipeline Breach
A tanker carrying LNG arrived at Finland's Inkoo terminal on Tuesday, vessel tracking data showed, the first such cargo to appear following the Oct. 8 outage of a Finnish-Estonian gas pipeline.
Putin Optimistic About Progress on Power of Siberia 2 Gas Pipeline to China
Russian President Vladimir Putin told his Mongolian counterpart Ukhnaagiin Khurelsukh on Tuesday that he believed the Power of Siberia 2 pipeline project to bring Russian gas to China via Mongolia would move ahead at a "good pace."
Brazil's Ocyan to Renovate Petrobras Gas Pipeline for $317.5 Million
Brazilian oil and gas services provider Ocyan has won a contract with state-run oil firm Petrobras to revitalize a network of gas pipelines in the offshore Campos Basin for $317.49 million, Reuters reported on Monday.
Investors Rapidly Shed Oil Positions, Embrace Natural Gas Amid Market Shifts
Portfolio investors have dumped positions in petroleum at some of the fastest rates in the last decade in the most recent week as the bullish sentiment that built up after OPEC⁺ production cuts evaporated.
Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets
(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.
Japan’s Inpex Enters Partnership to Develop Low-Cost Hydrogen Hub in South Texas
(P&GJ) — Inpex and Green Hydrogen International (GHI) have agreed to advance GHI's flagship Hydrogen City production hub in South Texas to produce green hydrogen and green ammonia to meet growing Asian and global market demand.
Western Midstream Closes Meritage Acquisition, Adds 1,500 Miles of Gas Pipelines
(P&GJ) — In the $885 million deal, Western Midstream successfully acquired Meritage's 1,500 miles of high- and low-pressure natural gas gathering pipelines in Wyoming's Powder River Basin.
Eagle LNG Delivers First LNG Carrier for Caribbean Basin Service
(P&GJ) — Eagle LNG Partners LLC has announced the successful delivery of its first LNG carrier, the Coral Favia, from Anthony Veder. The 10,000 cubic meter LNG supply vessel is the first of a planned fleet from Eagle LNG offering LNG supply and bunker services for the Caribbean basin.
As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.
Suncor CEO Highlights the Challenge of Uncertainty in Canadian Energy Policy for Investors
Unpredictability in Canadian energy policy is scaring away capital investment in the sector, the CEO of one of Canada's largest oil producers, Suncor Energy, told a parliamentary committee on Monday.
Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
The rupture occurred when an excavator operator accidentally damaged a 22-inch gas pipeline near Middleton. However, Williams contested the local authorities' account of the incident, asserting no ignition, fire, or explosion was connected to the occurrence.
India Wants Saudi Aramco to Develop Strategic Petroleum Reserve as Ties Strengthen
India wants Saudi Arabia's Aramco to participate in its planned 6.5 million metric tons strategic petroleum reserve program as the South Asian nation intends to strengthen ties with its key oil supplier.
Canadian Regulator Set to Decide on Trans Mountain Expansion Tolls
The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp.'s proposed shipping tolls for its oil pipeline expansion project this autumn before holding a hearing on the tolls next year.
TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
Canadian pipeline operator TC Energy on Thursday named industry veteran and former CEO Hal Kvisle as the chair of its oil pipeline unit.
FERC Grants Venture Global Approval for Steam Generator Modifications at Louisiana LNG Plant
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday granted Venture Global LNG permission to proceed with the heat recovery steam generator modifications at the Calcasieu Pass LNG export plant in Louisiana.
Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
The Biden administration has announced that seven proposed "hydrogen hubs" in 16 states will share $7 billion in federal grants to jump-start the emerging industry, with hubs in Texas' Gulf Coast and California each receiving a hefty $1.2 billion.
Seismologists Detected Blast-Like Waves Near Broken Baltic Sea Pipeline
Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved.
Chevron Australia, Unions Make Progress in LNG Talks, Deal Remains Elusive
Negotiations over a stalled pay and conditions deal between Chevron and unions at its LNG facilities in Australia made progress on Friday but fell short of sealing an agreement to end months of labor disputes at the major export sites.
Finland to Restrict Access to LNG Port After Gas Pipeline Damage
Finland on Friday was tightening access to key parts of the country's Inkoo port, where a vessel to import LNG was installed last year, as part of efforts in the wider region to intensify security at energy installations.
Trace, Molpus to Develop Evergreen Carbon Sequestration Hub in Louisiana
(P&GJ) — Trace Carbon Solutions LLC and Molpus Woodlands Group have agreed to develop and operate a carbon sequestration site on approximately 20,000 acres in Calcasieu and Beauregard parishes in Louisiana.
Oil Reverses Gains After U.S. Posts Large Crude Build
Oil prices reversed early gains on Thursday in a volatile session after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest rates had peaked.
U.S. Supports Finland, Estonia as It Probes Baltic Gas Pipeline Burst
U.S. Secretary of State Antony Blinken said on Thursday the United States would support Finland and Estonia as they probe damage to a gas pipeline and a telecommunications cable under the Baltic Sea.
Trinidad to Sign Atlantic LNG Restructuring Deal, Boosting Gas Processing
The deal is expected to simplify the ownership structure of the Atlantic LNG project, with Shell and BP soon to hold 45% each and Trinidad's state-run National Gas Company (NGC) holding the remaining 10%.
Port of Corpus Christi Breaks Records with 52 Million Tons Moved in Q3
(P&GJ) — For the first time in its history, Port of Corpus Christi customers have moved more than 50 million tons of goods through the Corpus Christi Ship Channel in a single quarter, setting a record for the sixth consecutive quarter.
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
