Business & Markets

Baker Hughes, Snam Partner to Decarbonize Italian Gas Network with Hydrogen-Ready Technology

Baker Hughes has secured a contract with Snam, Europe’s primary operator in natural gas infrastructure, to provide advanced technology aimed at decarbonizing the Italian gas network.

U.S. Halts Louisiana SPR Contracts Due to High Oil Prices

The U.S. Department of Energy on Wednesday said it will not award oil supply contracts for Louisiana's Bayou Choctaw Strategic Petroleum Reserve (SPR) site in August and September due to high oil prices.

Trans Mountain's Expanded Pipeline System to Begin Operations on May 1

Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian company said on Wednesday.

Biden Administration Cancels Latest Oil Reserve Refill Plan Amid High Prices

The U.S. has canceled the purchase of about 3 million barrels of oil for the Strategic Petroleum Reserve due to rising prices, slowing down the pace of replenishment after a historic sale from the emergency stockpile in 2022.

Court Upholds FERC's Authority in Gas Pipeline, LNG Project Deadline Extensions

(P&GJ) — A recent court ruling upheld FERC's authority to extend deadlines for approved natural gas projects, despite opposition from environmental groups. The cases in question involved the Northern Access Pipeline in Pennsylvania and the expansion of Cheniere's Corpus Christi Liquefaction LNG facility in Texas.

Shell Seeks Longer U.S. License Before Committing to Venezuela Gas Project

Oil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.

Enterprise Expands Permian Operations with New 300 MMcf/d Gas Processing Plant

Enterprise Products Partners will build a natural gas processing plant in Texas to expand its operations in the Permian Basin, the U.S. energy firm said on Wednesday.

Lunate Acquires 40% Stake in ADNOC Pipeline Assets from BlackRock and KKR

Abu Dhabi investor Lunate said on Wednesday it had bought a 40% stake from private equity firms BlackRock and KKR in the entity that leases Abu Dhabi National Oil Company's (ADNOC) oil pipelines.

White House Considers Ending LNG Export Pause for Ukraine Aid, Sources Say

U.S. officials are open to ending President Joe Biden's pause on approvals of LNG exports to get a Ukraine aid package passed in Congress, but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday.

Cheniere's Reduced Output Leads to Decline in U.S. LNG Demand

There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG.

Petronas Partners with JERA to Explore Carbon Capture and Storage Solutions

Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.

Canada's Indigenous Community Eye Big Energy Deals, Await Trudeau Loan Promise

Canada's First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects such as pipelines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance.

Nopetro Renews Florida's Energy Landscape with Landfill Gas-to-RNG Facility

Nopetro Renewables has announced that it broke ground on Southern Florida's first landfill gas to renewable natural gas (RNG) facility in Indian River County.

Russia's Arctic LNG 2 Suspends Gas Liquefaction Amid Sanctions, Tanker Shortage

Novatek, Russia's largest producer of LNG, has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers, two sources familiar with the matter told Reuters on Tuesday.

Trans Mountain to Finish Final Segment of Oil Pipeline Expansion in April

Trans Mountain will finish building the final segment of its Canadian oil pipeline expansion in April, according to a construction schedule the corporation filed on Monday with a regulator.

SLB to Buy ChampionX for $8 Billion in Growing Deal-Making in U.S. Energy Sector

Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.

Mitsubishi Invests in EIG's LNG Company MidOcean Energy

Japanese trading house Mitsubishi has agreed to invest in MidOcean Energy, an LNG company owned by U.S. investment firm EIG, MidOcean said on Tuesday without giving details of the deal.

U.S. March LNG Exports Flat as Freeport Plant Woes Continue

U.S. exports of LNG fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country's second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday.

Summit Midstream Launches Open Season on Natural Gas Pipeline

Pipeline operator Summit Midstream Partners on Monday launched a non-binding open season to gauge interest for services of a natural gas pipeline running from the Delaware Basin in New Mexico and Texas to the Waha hub in West Texas.

ADNOC Cuts Upper Zakum Oil Exports Sharply After Diverting Supply to Refinery

Exports of Upper Zakum crude from the United Arab Emirates fell sharply in March after ADNOC diverted more supply to its own refinery and boosted shipments of its lighter Murban oil, according to traders, analysts and shipping data.

GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions

Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.

Pembina Pipeline Completes Enbridge Interest Acquisition, Boosts 2024 Guidance

Pembina Pipeline Corp. has finalized its acquisition of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures.

Canada Rejects Investment in LNG Facilities, Emphasizes Private Sector Role

Canada is not interested in subsidizing future LNG projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday.

Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Rebuff

Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt.

Moldova Diversifies Gas Supply, Purchases U.S.-Origin LNG from Greece for Consumers

Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of U.S.-origin LNG for the first time on Monday and Tuesday.

Argentina Pursues Gas Export Route to Brazil via Bolivia Amid Regional Supply Concerns

Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.

Gazprom Utilizes Replacement Vessel for Gas Loadings Amid Ship Repair

Russia's Gazprom is using a replacement vessel for ship-to-ship loadings of LNG from its Portovaya LNG plant on the Baltic Sea while another ship is repaired, LSEG data showed on Monday.

SLB to Acquire Majority Stake in Aker Carbon Capture for $380 Million

SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically.

Eni Receives UK Government Approval for CO2 Pipeline Crossing England-Wales Border

The pipeline will facilitate the transportation of carbon dioxide from capture plants across the North West of England and North Wales to Eni's depleted natural gas reservoirs beneath the seabed in Liverpool Bay.

Chevron Begins Pipeline Transport of Leviathan Natural Gas to Ashdod Refinery

NewMed Energy LP, a partner in the Leviathan natural gas field offshore Israel alongside Chevron Mediterranean and other stakeholders, announced the commencement of condensate transportation from the field to the Ashdod oil refinery located in western Israel.