Business & Markets
China Hits Back at Trump with Tariffs on U.S. Crude Oil and LNG Imports
The trade in crude oil and liquefied natural gas between the United States and China is effectively dead after Beijing responded to President Donald Trump's tariffs with measures of its own.
Enterprise’s Big U.S. Oil Export Project Stalls on Lack of Buyers
Enterprise’s SPOT crude export project off Texas has stalled due to a lack of customer interest, with CEO Jim Teague citing regulatory delays and shifting oil flows. The company may shelve the project if demand doesn’t materialize.
Intensity Infrastructure Launches Open Season for 136-Mile, 1.5 Bcf/d Bakken Gas Pipeline
Intensity Infrastructure Partners LLC has launched an open season to gauge interest in its proposed Intensity Pipeline, a 136-mile, 1.5 billion cubic feet per day natural gas transmission line in North Dakota.
Japan's Mitsui Weighs Possible Role in Alaska LNG Project, No Decision Yet
Japanese trading house Mitsui could consider studying a project to liquefy natural gas in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.
ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
ONEOK and MPLX are partnering to build a $1.4 billion, 400,000-barrel-per-day liquefied petroleum gas (LPG) export terminal in Texas City, Texas, along with a $350 million pipeline connecting the terminal to ONEOK's Mont Belvieu storage facility.
Senate Confirms Chris Wright as Trump’s Energy Secretary
The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump's energy secretary.
ADNOC Gas Secures $450 Million LNG Supply Deal with JERA
ADNOC Gas has signed a $450 million three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets, reinforcing its long-standing energy partnership with Japan.
Argent LNG Taps Baker Hughes for LNG Export Project in Louisiana
Argent LNG has selected Baker Hughes to provide liquefaction and power generation technology for its proposed LNG export terminal in Port Fourchon, Louisiana. The project aims to produce 24 million tonnes per annum of LNG.
U.S. Natural Gas Prices Jump 9% on Colder Forecast, Sanctions Worries
U.S. natural gas futures jumped about 9% on Monday on forecasts for colder weather and higher heating demand next week and worries about supplies from Canada related to U.S. President Donald Trump's sanctions.
Europe Soaked Up Nearly All U.S. LNG Exports Last Month, Data Show
U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed.
India Allocates $647 Million for Strategic Oil Reserve Purchases
India will provide 55.97 billion rupees ($646.78 million) support for purchase of oil for the country's strategic petroleum reserves (SPRs), the budget document showed on Saturday.
ArcLight Acquires Stake in 500-Mile Gulf Coast Express Pipeline from Phillips 66 for $865 Million
Following the deal, Gulf Coast Express Pipeline will be jointly owned by subsidiaries of Kinder Morgan and ArcLight, with Kinder Morgan remaining the operator. The pipeline is a key outlet for Permian Basin gas, supplying the U.S. Gulf Coast and South Texas’ growing LNG market.
Nigeria to Block Oil Exports for Producers Who Fail to Meet Refinery Quotas
Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa's largest.
Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
President Donald Trump’s recent executive order has revived discussions about the 1,200-mile Keystone XL pipeline, a long-debated oil project that has faced political and environmental scrutiny.
Mexico's Pemex, Billionaire Carlos Slim Renegotiate Lakach Gas Deal
Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters.
Global News February 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion
While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.
ONEOK Completes EnLink Midstream Acquisition, Expands Value Chain
ONEOK Inc. has completed its acquisition of EnLink Midstream LLC, strengthening its integrated midstream operations and diversifying its platform. The transaction was approved by EnLink unitholders at a special meeting on Jan. 30.
Ukraine Gas Transit Dispute Escalates as Hungary Threatens EU Sanctions Block
A row over the end of Russian gas flows via Ukraine has intensified as Hungarian Prime Minister Viktor Orban threatened to block the next rollover of EU sanctions against Russia unless Brussels helps to achieve a restart of supply.
Japan Considers Backing 800-Mile Alaska LNG Pipeline to Strengthen U.S. Ties
Japan has doubts about the viability of the proposed 800-mile pipeline because of the overall costs of the gas relative to other sources. But it is prepared to offer to explore a deal if asked, the officials said.
Nigeria's NNPC, Partners to Build Five Mini-LNG Plants for Domestic Gas Supply
State-owned Nigerian National Petroleum Company (NNPC) has begun construction of five mini-LNG plants as part of government efforts to drive economic growth and boost gas usage, a company spokesperson said late on Thursday.
Japan's Energy Security to Benefit from Increased U.S. LNG, JERA Says
Japan's energy security will benefit from U.S. President Donald Trump's push to increase LNG production, an executive at JERA, Japan's top LNG buyer, said on Friday, while allowing the company to diversify its suppliers.
Moldova to Send First Gas Shipment to Transdniestria Since December
Moldova on Saturday will send 3 million cubic meters of gas to its separatist enclave Transdniestria, the first fuel supply to the area since end-December, when gas transit through Ukraine was halted, a Moldovan industry official said on Friday.
Changes Underfoot in the Appalachian Basin
Local and regional leaders in the oil and natural gas industry continue to see great potential for growth in the Marcellus Shale and Utica Shale formations of the Appalachian Basin.
Gas Distributors Improving Pipeline Safety One Mile at a Time
When local regulators approved funding in April for municipally owned Philadelphia Gas Works to build distribution lines to serve new customers, the decision sparked the kind of news coverage and criticism from certain quarters that has become painfully predictable.
Baker Hughes Secures LNG Equipment, Services Deal for Venture Global's U.S. Projects
Oilfield services provider Baker Hughes has signed an agreement with Venture Global to support its liquefied natural gas (LNG) projects in the United States with technology and equipment.
Valero Exceeds Q4 Estimates Despite 77% Profit Drop
Refiner Valero Energy beat fourth-quarter profit and revenue estimates on Thursday, helped by lower costs and steady output.
Ex-IEA Oil Chief Urges Agency to Prioritize Oil, Gas Over Renewables
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
German LNG Terminal Fears Price Undercutting by State Rival
Private German liquefied natural gas (LNG) terminal operator Deutsche ReGas says the potentially lower prices offered by state-owned Deutsche Energy Terminal to attract buyers are a threat to its business.
Enterprise, ONEOK Extend Fee Waiver for Midland WTI Transfers Through 2028
Enterprise Products Partners and ONEOK Inc. have extended their fee waiver for crude oil transfers between the Enterprise Crude Houston (ECHO) and ONEOK East Houston (MEH) terminals through Dec. 31, 2028.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
