Business & Markets

EQT in Talks to Sell $3.5 Billion in Pipeline Stakes to Blackstone

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion

EIG’s MidOcean Energy Acquires Additional 15% Interest in Peru LNG From Hunt Oil

MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG announced that it acquired an additional 15% interest in Peru LNG from Hunt Oil Company.

Exxon Mobil, Qatar Receive 3-Year Extension for Golden Pass LNG Plant in Texas

Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed.

U.S. Natural Gas Prices Climb 3% On Cooler Weather, Despite Larger-Than-Expected Storage Build

U.S. natural gas futures climbed about 3% on forecasts for cooler weather and more heating demand, despite a bigger-than-expected weekly storage build.

Martin Midstream Backs Buyout in Face of Hedge Funds Opposition

Martin Midstream Partners said it stood behind its planned takeover by its largest shareholder, after two hedge funds which made a competing bid said they planned to try and rally shareholders to vote against the deal.

AG&P LNG to Acquire Australia's Venice Energy, Develop South Australian Import Terminal

Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG has agreed to fully acquire Australian energy infrastructure developer Venice Energy and develop its Outer Harbor import terminal in South Australia.

Vanguard Renewables Partners with TotalEnergies to Build Virginia RNG Facility

Vanguard Renewables, a leading builder of organics-to-renewable natural gas (RNG) facilities in the U.S., is expanding its footprint with new projects, including a major facility at Oakmulgee Dairy Farm in Virginia.

JPMorgan in Talks to Resume Physical LNG Trading After Decade-Long Hiatus: Report

JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.

LNG Buyers Push for Flexible Supply Contracts to Adapt to Fluctuating Power Demand

Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility in order to adapt to variable power demand, industry executives said on Tuesday.

SEFE Secures Long-Term Gas Supply Deal with ConocoPhillips for Up to 9 Bcm

German nationalized energy firm SEFE on Wednesday said it signed a long-term agreement with ConocoPhillips to purchase up to 9 billion cubic meters (Bcm) of natural gas over the next decade.

India's GAIL Seeks Long-Term LNG Deals to Boost Capacity to 21 Million Tons by 2030

GAIL (India) is seeking long-term import deals for LNG amounting to 5.5 million tons per year, raising its capacity to 21 million tons per year by 2030, finance chief Rakesh Kumar Jain said on Wednesday.

Singapore LNG Inks Deal with Japan's Mitsui OSK for Second LNG Terminal, Set for 2027

Singapore LNG Corp. has agreed to charter from a unit of Japan's Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation's second import terminal for LNG.

U.S. Allocates $196 Million for Natural Gas Pipeline Modernization

The funding, part of President Biden's Bipartisan Infrastructure Law, will support 60 projects aimed at enhancing safety, reducing environmental harm, and lowering energy costs by replacing leak-prone pipelines.

Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges

As Permian Basin crude becomes lighter, refiners face challenges in processing super-light oil, potentially leading to lower demand for WTI Midland and affecting Brent prices. Refiners may need to blend with heavier crude, raising concerns about future refinery configurations.

Elliott Defends Citgo Offer in the Face of Creditors' Objections

Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "are deteriorating in value" and creditors will not get a better offer from others.

Canadian Natural Boosts Trans Mountain Pipeline Capacity After PetroChina Exit: Report

Canadian Natural Resources is taking over more space on the expanded Trans Mountain pipeline from a unit of PetroChina, boosting its ability to ship crude to markets after buying assets from Chevron.

Qatar Faces U.S. and UAE Rivalry in LNG Sales to Japan, South Korea

Qatar is finding it hard to agree new deals to supply LNG to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.

Evergy to Build Two Natural Gas Power Plants in Kansas Amid Rising Demand

Evergy plans to build two 705 MW natural gas power plants in Kansas, investing over $1 billion each, to meet rising electricity demand. The plants, expected to be operational by 2029 and 2030, will serve over 1.1 million customers.

Heavily Corroded Half-Mile Oil Pipeline Restored with Composite Wrap

An underground oil pipeline at a Refinery in Spain was suffering from severe corrosion. If left unchecked, the pipeline, 2,860.8 feet (872 meters) in length, would have incurred severe metal loss.

Woodside Open to Supplying Japan with U.S. LNG

Australia's top energy firm Woodside Energy sees an opportunity to beef up LNG sales to Japan, including supply from the United States, where the company just bought Tellurian and its LNG export project, CEO Meg O'Neill said on Monday.

Four Petroleum Liquids Pipelines Completed in U.S. Since 2023

Four new petroleum liquids pipelines, including three crude oil projects and one hydrocarbon gas liquids (HGL) pipeline, have been completed in the U.S. since 2023, according to data from the U.S. Energy Information Administration’s (EIA) updated Liquids Pipeline Projects Database.

Malaysia’s Oil Exports to China Surge Amid Broader Import Decline

Customs data showed that Malaysia, a key supplier of transshipped oil from sanctioned countries like Iran and Venezuela, shipped 1.49 million barrels per day to China in September, up from 1.77 million bbl/d in August.

Jacobs to Lead Pre-FEED for 56-Mile East London Hydrogen Pipeline

Spanning 56 miles (90 kilometers) through East London, the pipeline will run north of the River Thames, linking key industrial areas to a reliable hydrogen supply.

Energy Transfer Taps KBR, Technip to Build Louisiana LNG Plant

Energy Transfer has signed a preliminary agreement with KBR and Technip Energies to construct the Lake Charles LNG plant, pending a final investment decision. The project, in development since 2015, requires additional permits and customer agreements to move forward.

New 580-Mile Texas Pipeline Eases Bottlenecks, Boosts Shale Gas and Oil Output

The Matterhorn Express pipeline, the first new natural gas pipeline in the Permian Basin in three years, is alleviating gas bottlenecks and boosting oil production by freeing up gas flow to Gulf Coast export hubs. This new capacity is expected to significantly increase shale output in west Texas.

Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation

Cheniere Energy moves closer to starting production at its Corpus Christi Stage 3 LNG export facility in Texas, receiving federal approval for key operations. The expansion will add around 10 million metric tons per year to U.S. LNG export capacity.

Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns

Phillips 66 will shut down its Los Angeles oil refinery next year, ceasing gasoline and diesel production. The move raises concerns over California’s fuel supply, which already struggles with high prices and limited refinery capacity.

Colonial Pipeline Allocates Cycle 61 Shipments on Distillate Line 2

Colonial Pipeline Co. is allocating space for Cycle 61 shipments on Line 2, which carries distillates from Houston, Texas to Greensboro, North Carolina, the company said in a notice sent to shippers on Thursday.

Snam to Invest $16 Billion to Ready Gas Grid for Green Fuels, Hydrogen, Biomethane

Italian gas operator Snam plans to invest $15.8 billion to prepare its infrastructure for green fuels like hydrogen and biomethane, as part of its energy transition strategy. The company aims to repurpose much of its network to support decarbonization efforts across Europe.

Kinder Morgan Misses Quarterly Profit Estimates on Weak Prices, Crude Volumes

U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes.