Business & Markets
Trinidad in Talks with Europe to Supply Venezuelan LNG
Trinidad and Tobago has begun talks with some European countries on the supply of LNG produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.
Saudi's SABIC Gives Go-Ahead for $6.4 Billion Petrochemical Plant in China
Saudi Basic Industries Corp. (SABIC) will go ahead with building a petrochemical complex in southeastern China's Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world's top oil importer.
Gasunie Initiates 746-Mile Hydrogen Network Construction in the Netherlands
Gasunie has initiated the construction of a national hydrogen network in the Netherlands. This $1.6 billion project, commissioned by the Dutch government, aims to establish a comprehensive hydrogen infrastructure covering 1,200 kilometers (746 miles).
Enterprise Products Partners to Receive Sea Port Oil Terminal License in Q1 2024
Enterprise Products Partners expects to receive an export license for its Sea Port Oil Terminal (SPOT) in the first quarter of 2024 versus by the end of 2023, as previously expected, a company executive said on Monday.
Sunoco to Acquire NuStar Energy in $7.3 Billion Deal for Midstream Expansion
The deal, which has been approved by both the boards, will give Sunoco access to NuStar's transportation and storage facilities, including a portfolio of about 9,500 miles of pipeline and 63 terminals.
Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines
(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.
ABB, Imperial College Extend Carbon Capture Agreement
A dedicated carbon capture pilot plant will continue to train the net-zero workforce — as well as engineers and scientists of the future — following ABB and Imperial College London signing a 10-year partnership. Globally, the plant is the only one of its kind within an academic institution.
CorEnergy Completes $175 Million Sale of MoGas, Omega Pipeline Systems to Spire
CorEnergy Infrastructure Trust Inc. has successfully closed the sale of its MoGas and Omega pipeline systems to Spire Midstream for $175 million.
U.S. Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve
The United States bought 3.2 million barrels of oil for the Strategic Petroleum Reserve, as it continues to slowly replenish the stash after selling a record amount following Russia's invasion of Ukraine in 2022, a Department of Energy document showed on Friday.
U.S. Regulator Seeks More Data on Occidental-CrownRock Deal
The U.S. Federal Trade Commission (FTC) has asked for more information on Occidental Petroleum's $12 billion deal for Permian-based producer CrownRock, the firms said on Monday, making it the latest big oil merger to face increased scrutiny.
UAE's ADNOC Boosts Lower-Carbon Budget to $23 Billion
The state-owned Abu Dhabi National Oil Company said on Monday it would allocate $23 billion for decarbonization and lower-carbon projects, up from a previous $15 billion target.
TotalEnergies Says Danish Tyra Gas Field Ready to Start in March
TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.
Spotlight on Germany: Nation’s Pipelines Nearing Major Changes
The pipelines’ sector of Germany is on the verge of major changes, due to the ongoing conversion to hydrogen and the rapid development of H2 and gas pipelines’ infrastructure throughout the country.
Ecuador in Talks to Transfer 301-Mile OCP Oil Pipeline, Assets, and Liabilities to State Control
Ecuador is holding talks to transfer a private oil pipeline operated by OCP, as well as its associated infrastructure, liabilities and assets, to state control, the government announced in a statement on Friday.
Shell Pipeline Leak Sparks Investigation by Nigeria's Oil Spills Agency
A pipeline owned by Shell's subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak, the country's spills agency and an environmental group said on Saturday.
British Columbia Strengthens $26.7 Billion Power Plan, Faces Hurdles in Electrifying LNG Projects
British Columbia boosted its $26.7 billion plan to expand its grid over the next decade, but Canada's Pacific Coast province will still fall short of supplying the biggest LNG projects with hydropower needed to avoid generating high emissions.
Chevron Initiates Marketing of Natural Gas Assets in Canada's Duvernay, Anticipates Up to $900 Million in Sales
Chevron has said it plans to offer between $10 billion and $15 billion in assets by 2028 following deals with Hess Corp., PDC Energy and Noble Energy that will significantly expand its oil and gas output.
Cost-Effective Robot for Subsea Inspection Under Development
University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections.
Biden Administration Taking Heat from All Sides Over Louisiana LNG Project
The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in weeks or months on approval of Venture Global's Calcasieu Pass 2, or CP2, liquefied natural gas terminal (CP2) project.
Qatar Set to Sign Cheaper Long-Term LNG Deal with India
Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts, trade sources said, as India seeks to meet a goal to increase the fuel's use.
Inpex Expedites $20 Billion Abadi LNG Project Development in Indonesia
Inpex Corp., Japan's top oil and gas explorer, is set to accelerate development of its $20 billion Abadi Indonesian LNG project, with the aim of starting operations as soon as late this decade, its CEO said on Thursday.
U.S. LNG Feedgas Cut by Arctic Freeze, Problems at Freeport LNG
The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.
Blinken Urges Bosnian Lawmakers to Pass Gas Pipeline Law with Croatia
U.S. Secretary of State Antony Blinken has urged Bosnian Croat lawmakers to stop holding up legislation to build a natural gas pipeline with Croatia, seen as an alternative to Russian gas, local media reported on Thursday.
Enbridge, FortisBC to Study Hydrogen Delivery Through Canadian Gas Pipeline Infrastructure
The study will look at the percentage of hydrogen that can be safely transported through gas pipeline infrastructure, such as Enbridge's Westcoast natural gas transmission system, to reduce greenhouse gas emissions.
U.S. Crude Prices Firm at Gulf Coast as Takeaway Capacity Tightens
Record crude output from the top U.S. oilfield and busy crude pipelines to export hubs are boosting the price of the country's flagship crude at the Gulf Coast, analysts and traders said.
INEOS Bio-HDPE Powers First Sustainable Gas Pipeline for GRDF in France
INEOS has introduced a bio-based high-density polyethylene (HDPE) that is used in the construction of the world's first fully sustainable gas pipeline. GRDF, the French gas utility network operator, installed this pipeline, relying solely on the low carbon footprint polymer.
Sinopec Unveils Massive 133 Bcm Certified Tight Gas Reserves in Sichuan Basin
China's Sinopec Corp. said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in southwest Sichuan basin.
Terra Natural Capital Launches to Scale Carbon Projects and Boost Natural Assets Investment
Terra was founded with the mission of delivering flexible financing solutions for carbon removal and reduction projects and providing both public and private organizations with access to high-integrity carbon credits at scale.
Kinder Morgan's Q4 Profits Dip on Interest Costs and Natural Gas Challenges
Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline segment hurt margins during the period.
GasNet's 40,000-Mile Gas Pipeline Network Attracts CEZ and CVC for Final Bidding
CEZ and CVC Capital Partners are planning to place competing bids next week for Czech gas distribution network GasNet, which covers 80% of the country's gas distribution through a network of 40,000 miles of gas pipelines.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
