Business & Markets

Uniper Says Working with UAE's Masdar on Hydrogen Project

German utility Uniper on Thursday said it was involved in a project with the United Arab Emirates (UAE) clean energy company Masdar to produce green hydrogen, confirming a report on Bloomberg

Baker Hughes to Provide Equipment for Petronas Carbon Capture Project

Baker Hughes will provide turbo compression equipment to transport CO2 emitted from flaring at the Kasawari gas development and reinject it into a depleted offshore field through a subsea pipeline.

Kazakhstan to Raise Supply of Oil to Germany Via Druzhba Pipeline in 2023

Russian oil pipeline operator Transneft said Kazakhstan's KazTransOil had requested 1.2 million tonnes of capacity on the Druzhba pipeline for 2023 to facilitate extra oil shipments to Germany, the RIA Novosti news agency reported.

Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters

Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for LNG vessels, industry sources said on Friday.

China Starts Up Crude Oil Pipeline Linked to Mega Private Refiner

A major crude oil pipeline connecting a storage farm in east China's Zhoushan of Zhejiang province to mega private refiner Zhejiang Petrochemical Corp. started pumping oil for the first time on Wednesday, local state media reported.

Tellurian Gains More Time to Fulfill LNG Supply Deal with Gunvor

The company now has until Jan. 31, 2023, a one-month extension, to meet certain terms of the deal, according to a filing on Friday. The amendments include changes to the index pricing of the fuel to be sold.

Indonesia, BP Sign 20-Year Contract Extension for LNG Operations in Papua

BP is trying to increase Tangguh's production capacity from the current 7.6 MTPA to around 11.4 MTPA by adding a new, Train-3 plant which is expected to come onstream in March 2023, SKK Migas said earlier this year.

Poland Ready for Russian Oil Ban, Seeks Pipeline Sanctions

Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.

Inpex Signs 20-Year LNG Deal with Venture Global

Inpex Corp., Japan's biggest oil and gas explorer, said on Tuesday that it has signed a long-term LNG sales and purchase agreement with U.S.-based Venture Global LNG.

Japanese Firms Sign Multiyear Agreements to Buy LNG from Oman, US

Japanese companies inked several deals on Tuesday to receive LNG supplies, with a preliminary agreement lasting up to 10 years with Oman LNG and a 20-year deal with U.S.-based Venture Global.

Sempra Inks 15-Year LNG Supply Deal with Germany’s RWE

(P&GJ) — Sempra Infrastructure has entered a 15-year deal with RWE Supply & Trading for the supply of approximately 2.25 MTPA of LNG from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas.

NextDecade Increases LNG Supply Volume in Deal with China's ENN

U.S. LNG developer NextDecade Corp. announced it will increase the volume of LNG supplies in a sales and purchase agreement signed with China's ENN Natural Gas Co. Ltd.

Russian Pipeline Gas Exports to Europe Fall to Post-Soviet Low

Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due the invasion of Ukraine and the Nord Stream pipeline was damaged by mysterious blasts

Analysis: Argentina’s Vaca Muerta Shale Boom Running Out of Road

Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth.

Italy Court Ruling Allows Work on Tuscan LNG Terminal to Proceed

An Italian administrative court has ruled against a request for a precautionary halt on works for a new LNG terminal in the Tuscan port city of Piombino, saying it did not pose an immediate threat to public safety.

Transitus, Proteum to Produce Hydrogen in Europe Using Natural Gas from North Sea

(P&GJ) — Proteum Energy and Transitus Energy have entered into an agreement to explore joint development opportunities in the U.K., Netherlands, Republic of Ireland and Norway to produce low-carbon hydrogen by reforming natural gas resources from the North Sea.

Harvest Midstream to Acquire Phillips 66's Crude Oil Terminal in Louisiana

Oil

(P&GJ) — Harvest Midstream has entered an agreement with Phillips 66 to purchase the Belle Chasse Terminal, formerly the Alliance Refinery located in Plaquemines Parish, Louisiana. The acquisition is expected to close in the first quarter of 2023.

Looking Back at the Top 10 Midstream Stories of 2022

(P&GJ) — In this year-ending issue of P&GJ, the staff, along with a little help from its readers, has taken a look back at the frequently volatile year that was 2022. As was the case during the previous 12 months, the year brought its share of anxiety as we in the energy industry – midstream in particular – worked to adjust to the global demand for natural gas, following Russia’s invasion of Ukraine.

US, Canada Natural Gas Output Could Feel Growing Pains In 2023

U.S. and Canadian natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new LNG export plants.

Putin Oversees Launch of Siberian Gas Field Feeding Pipeline to China

The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic meters, it is the largest in eastern Russia.

Sempra Receives US Approval to Re-export LNG from Mexico

The U.S. Energy Department on Tuesday approved permits for Sempra Energy to send U.S. natural gas to Mexico for re-export from LNG terminals, filings on its website showed. This will allow Sempra to ship natural gas via pipeline to Mexico where it will be converted to LNG and sent to global markets.

Exporting LNG: Support Infrastructure Grows with Transition

(P&GJ) — Shattering the usual August silence in Washington, D.C., when Congress was in its summer recess, lawmakers this year found a way to pass their self-described Inflation Reduction Act, which includes parts that will bolster the prospect for added U.S. LNG exports.

Using Regulation to Develop Natural Gas Systems

(P&GJ) — Engineering design serves as a fundamental pillar of the lifecycle of an engineering project. The fundamentals of engineering design use industry standards combined with federal, state and municipal codes to produce a construction-ready engineering package.

Equinor to Invest $1.3 Billion to Upgrade Norway’s Hammerfest LNG Plant

Equinor and its partners in the Arctic Snoehvit gas field will invest $1.34 billion to upgrade the Hammerfest LNG plant, which processes the output, the government and companies said on Tuesday.

NextDecade Signs 20-Year LNG Supply Deal with Portugal's Galp

NextDecade Corp. said on Tuesday it will supply 1 million metric tonnes per annum (MTPA) of LNG to Portugal's Galp Trading SA for 20 years from its Rio Grande LNG export project in Brownsville, Texas.

Gas Starts to Flow to Freeport LNG Export Plant in Texas

Freeport LNG's long-shut liquefied natural gas export plant in Texas was on track to receive natural gas on Tuesday, according to data from Refinitiv, a possible sign the plant might meet the company's projected end of the year return date.

Explainer: Oil Storage Situation in Canada, US After Keystone Spill

Days after TC Energy Corp.'s Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.

US Begins Buying Back Oil for Strategic Petroleum Reserve

Oil

The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 million barrel release from the stockpile.

US Poised to Become Net Exporter of Crude Oil in 2023

Sales of U.S. crude to other nations are now a record 3.4 million bbl/d, with exports of about 3 million bbl/d of refined products like gasoline and diesel fuel. The United States is also the leading LNG exporter, where growth is expected to soar in coming years.

Winter Storm Cuts North Dakota's Shale Oil Production

A winter blizzard sweeping across the northern United States has cut North Dakota's oil output by 200,000 to 250,000 barrels per day, or 18% to 22%, state Pipeline Authority Director Justin Kringstad estimated on Friday.