Business & Markets
U.S. Renewable Leader NextEra Energy to Develop Gas-Fired Power for AI
The world's largest renewable power company, NextEra Energy, is partnering with GE Vernova to develop natural gas-fired power generation projects across the United States that will mainly feed AI data centers and other large electricity users, NextEra said on Friday.
JERA Plans U.S. LNG Expansion to Balance Japan's Energy Portfolio
Japan's top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to diversify its supply and meet demand growth spurred by data centers and AI, a senior executive told Reuters.
Morocco to Build $420 Million, 990-MW Gas Power Plant Near Alwahda Site
Morocco's water and electricity utility plans to build a 990-megawatt (MW) gas-fired power plant at a cost of $420 million, bourse regulator AMMC said.
U.S. Natural Gas Prices Steady as Market Waits for Federal Storage Report
U.S. natural gas futures held steady as the market waited for direction from a federal report expected to show utilities pulled more gas from storage than usual to heat homes and businesses during extreme cold weather last week.
Crews Extinguish Kinder Morgan Pipeline Fire in Wharton County
The affected segment of the Tennessee Gas Pipeline was promptly isolated and shut down. According to the company, the fire was fully extinguished, and all personnel were accounted for.
Oil Prices Drop as Trump's Energy Emergency Sparks Doubts Over SPR Refill Plans
Oil prices fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, raising concerns of higher U.S. output in a market widely expected to be oversupplied this year.
Tamboran, Santos Partner on Darwin LNG Expansion Studies
Tamboran Resources and Santos have signed a non-binding memorandum of understanding to conduct technical studies for a potential expansion of the Darwin LNG facility in Australia's Northern Territory.
New Fortress Energy, Energiza Partner on Puerto Rico Gas Supply Deal
New Fortress Energy said on Wednesday it signed an agreement with Energiza to supply natural gas to a 478-megawatt combined-cycle power plant being developed in San Juan, Puerto Rico.
LNG Developers in Texas and Louisiana Praise Export Freeze Lift
Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.
Freeport LNG in Texas Nearing Full Operations as Gas Flows Recover From Outage
Natural gas flows to Freeport LNG's export plant in Texas were set to rise on Thursday after a power problem during a winter storm forced it to shut on Tuesday, data from LSEG and energy traders showed.
Kinder Morgan’s 216-Mile Trident Pipeline Progresses as Q4 Profit Hit by Crude Slowdown
Kinder Morgan is moving forward with the 216-mile Trident pipeline to boost gas capacity near Port Arthur, Texas, as lower crude volumes weigh on Q4 profits.
Europe Faces $6 Billion Gas Bill to Refill Shrinking Stocks After Winter Supply Plunge
Europe may have to buy at least 100 additional gas cargoes this summer, worth around $6 billion at today's prices, to replenish gas stocks after a plunge in storage levels this winter due to cold weather and a stoppage of Russian supply.
Freeport LNG Shutdown in Texas to Continue Amid Power Issues
U.S. liquefied natural gas company Freeport LNG said on Wednesday it closed its export plant in Texas on Tuesday due to a power feed problem during a winter storm and will keep it shut until power supply stabilizes.
Report: TurkStream Pipeline Booked for Gas to Moldova’s Transdniestria
Ozbor Enterprises, a Cyprus-based company, booked around 3.1 million cubic meters per day of Russia-designed TurkStream gas pipeline capacity for possible gas shipments to Moldova's breakaway Transdniestria region, Russian daily Kommersant reported on Wednesday.
Venture Global LNG Lowers IPO Valuation Target to $65.3 Billion
Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion.
INGAA Foundation Names Boardwalk’s Kim Tarr Chair, Evraz’s Dave Coffin Vice Chair
The INGAA Foundation Board of Directors has elected Kim Tarr, Vice President of Field Operations at Boardwalk Pipelines, as chair and Dave Coffin, Chief Commercial Officer for Evraz Inc. North America, as vice chair for a one-year term.
Trump Lifts Biden’s Freeze On Liquefied Natural Gas Exports
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.
Texas Ports Suspend Operations as Winter Storm Hits Gulf Coast
Port Freeport on Tuesday said it expects limited vessel activity due to cold weather conditions in the Texas Gulf Coast area amid winter storm Enzo.
Vecino, DRW to Develop South Texas Gas Storage, 40-Mile Pipeline to Agua Dulce
Vecino Energy Partners and DRW Energy Trading have partnered to develop the Piedras Pintas Salt Dome in Duval County, Texas, aiming to bolster natural gas storage capacity and connectivity in South Texas.
Aramco CEO Projects 1.3 Million bbl/d Oil Demand Growth in 2025
Saudi oil giant Aramco's CEO Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year.
Argentina's YPF Signs LNG Export Deal with Indian Firms
Argentina's state-run oil company YPF signed a memorandum of understanding with three Indian firms to potentially export up to 10 million metric tons of LNG per year, the company said on Tuesday.
Infinity Natural Targets $1.2 Billion Valuation Amid Energy IPO Surge
Founded in 2017, the company has oil and natural gas assets in the Appalachian Basin in the United States. Its net income more than doubled in the first nine months of 2024, compared with a year earlier.
INGAA Names Boardwalk Pipelines’ McMahon as 2025 Chair, Congratulates Christie on FERC Appointment
INGAA has announced Michael McMahon, Senior Vice President and General Counsel of Boardwalk Pipelines, as its chairman for 2025. Alongside this news, INGAA extended congratulations to Mark Christie on his appointment as Chairman of FERC.
Trump Administration Must State Its Position on Climate and Energy
In a speech to announce the U.S.’s Fifth Climate Assessment on Nov. 14, 2023—a report that was compiled by more than 700 climate scientists and thousands of contributors— President Joe Biden stated that the greatest existential threat to the U.S. and humanity is the “climate crisis.”
U.S. Natural Gas Demand Poised to Hit Record Amid Extreme Cold
U.S. natural gas demand is on track to reach a record high on Tuesday, as extreme cold hits much of the U.S., stressing power grids and some oil and gas operations.
Report: Trump to Declare 'National Energy Emergency'
President-elect Donald Trump said on Monday he will declare a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers.
PHMSA Modernizes Methane Detection Rules for Gas Pipelines
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has introduced a final rule aimed at modernizing leak detection and repair requirements for natural gas pipelines.
Cold Weather Shuts Down 12% of North Dakota Oil Output
North Dakota's oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state's pipeline authority said on Monday.
Russia Plans Up to 55 Bcm of Gas Exports to Iran Annually, Putin Says
Russia may supply up to 55 billion cubic meters (Bcm) of gas per year to Iran, Russian President Vladimir Putin said on Friday, as Moscow diversifies its gas flows after a dramatic fall in exports to Europe.
API and States Sue to Reverse Offshore Oil, Gas Leasing Ban
The American Petroleum Institute has joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters.
- 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
