Business & Markets
POET, Tallgrass to Connect Nebraska Facility to CO2 Pipeline
POET and Tallgrass have entered into definitive agreements to link POET’s Fairmont, Nebraska bioprocessing facility with the Tallgrass Trailblazer carbon dioxide (CO2) pipeline.
Natural Gas Key to Energy Transition But Faces Cost, Emissions Hurdles, Wood Mackenzie Says
Natural gas will remain a crucial part of the global energy transition, supporting renewables and reducing coal reliance, according to a new report from Wood Mackenzie. However, high costs and emissions challenges could limit its long-term role.
Mitico Raises $4.3 Million to Scale Industrial Carbon Capture Technology
The California-based company has secured two pilot projects for 2025 to test its granulated metal carbonate sorption technology, which captures over 95% of carbon dioxide emissions from industrial sources, including gas-fired power plants and waste-to-energy facilities.
Inpex Sees Strong Buyer Demand for Indonesia’s $20 Billion Abadi LNG Project
Inpex Corp., Japan's biggest oil and gas explorer, says it has received interest to buy liquefied natural gas from its $20 billion Abadi LNG project in Indonesia that exceeds planned output, its chief executive said.
Thirst for LNG Could Bolster Expansion in Europe, Elsewhere
Europe is taking major steps to expand its gas pipeline networks to support gas flows from new LNG terminals. Germany, for instance, is planning to add 355 miles of pipeline over the next few years to accommodate new LNG imports, almost all of which will be high-capacity pipe, with diameters of 39 inches or greater.
Last Minute Biden Pipeline Regulatory Moves in the Balance
The Biden administration’s attempts in its last month to make significant changes to pipeline regulation may be early targets for reversal for the incoming Trump administration.
Kazakhstan: Caspian Pipeline Oil Flows Uninterrupted After Russian Pump Station Hit
Kazakhstan's oil exports are on schedule via its main oil export route, the Caspian Pipeline Consortium (CPC), the country's energy minister said on Wednesday, despite damage to a pumping station from a drone attack last week.
Gazprom Neft Shifts NIS Stake to Gazprom Amid U.S. Sanctions Pressure
Russia's Gazprom Neft transferred stakes of around 5.15% in Serbia's NIS oil company to Gazprom, in an attempt to ward off U.S. sanctions that could result in crude supply cuts for the Balkan country.
Canada Eyes New Oil Pipelines to Avoid U.S. Tariffs, But No One Wants to Build Them
The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said.
Turkey Aims to Finalize Extended Gas Deal with Turkmenistan This Year
Turkey is negotiating an agreement with Turkmenistan to extend a natural gas supply deal for five years, Turkish Energy Minister Alparslan Bayraktar told the Hurriyet daily on Tuesday, noting that the deal is expected to be finalized within the year.
Shell: Global LNG Demand to Jump 60% by 2040, Led by Asia
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.
Vitol, Glencore Win $380 Million Award in Nigerian LNG Supply Dispute
Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole LNG producer for non-delivery of cargoes, court documents seen by Reuters showed.
Ukraine’s DTEK Eyes Long-Term U.S. LNG Deals with Venture Global, Cheniere
Maxim Timchenko said DTEK's trading arm is looking to sign a 10-20-year LNG deal, with the gas first being imported into Ukrainian storage facilities and then piped westward.
Pipeline Theft Slashes Nigeria LNG’s Capacity by Two-Thirds
Nigeria LNG, a major gas exporter, is operating at only a third of its capacity due to illegal connections by thieves on key gas supply pipelines, the company's chief executive said on Tuesday.
Trinidad Seeks U.S. Extension for Shell’s Venezuela Gas Project
Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said.
BKV Approves Carbon Capture Project at Texas Gas Plant
BKV has approved a carbon capture and sequestration project at a natural gas processing plant in South Texas, partnering with a major midstream energy company. The facility, located near Freer in the Eagle Ford Shale, aims to cut emissions by permanently storing carbon dioxide underground.
Iraq to Submit Updated Plan for OPEC+ Overproduction Compensation
Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for any overproduction in previous periods, according to a statement from the Iraqi oil ministry.
Clean Energy Reports $109 Million Revenue, 62 Million RNG Gallons Sold in Q4 2024
Clean Energy Fuels Corp. reported fourth-quarter 2024 revenue of $109.3 million, slightly up from $106.9 million in Q4 2023. Full-year revenue totaled $415.9 million, down from $425.2 million in 2023.
Ameren Illinois to Invest $140 Million in Natural Gas Pipeline Replacement Program
Ameren Illinois plans to invest nearly $140 million in 2025 to upgrade its natural gas transmission system across four Illinois counties. The upgrades aim to enhance system resilience and meet federal pipeline regulations.
Exxon, Mitsui, Woodside Commit $200 Million to Australian Gas Project
Exxon Mobil's Australian unit will invest nearly $200 million in the Kipper 1B gas project, alongside its partners Mitsui and Woodside Energy, the U.S. oil major said on the company website on Monday.
Saipem, Subsea7 Agree to Multibillion-Dollar Merger to Form Saipem7
Saipem and Subsea7 have reached an agreement in principle to merge, forming a global energy services company with a combined backlog of $46.8 billion, revenue of approximately $21.8 billion, and EBITDA exceeding $2.2 billion.
Leviathan Partners Eye $2.4 Billion Expansion to Boost Gas Production, Exports
Partners in the Israeli Leviathan offshore natural gas project have submitted a multibillion-dollar plan with the government to significantly expand the field and boost production, one of the partners in the group said on Sunday.
Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
A Michigan appeals court upheld permits for Enbridge’s Line 5 pipeline tunnel project, rejecting environmental and tribal challenges. The ruling allows the company to move forward, though legal and regulatory hurdles remain.
ConocoPhillips to Sell Ursa, Europa Interests, Pipeline Stake to Shell for $735 Million
ConocoPhillips has agreed to sell its interests in the Ursa and Europa fields, along with its stake in Ursa Oil Pipeline Company LLC, to Shell Offshore Inc. and Shell Pipeline Company LP for $735 million.
Trump's 10% Oil Tariff Could Cost Foreign Producers $10 Billion Annually, Goldman Sachs Says
Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.
CPC Blend Oil Loadings Rise to 1.67 Million bbl/d for February, Sources Say
Black Sea CPC Blend oil exports were revised up to 1.67 million barrels per day (bbl/d) in February's program from 1.42 million bbl/d in a previous version due to higher supply from Kazakh oilfields, two sources familiar with the loading plan said.
U.S. Pressures Iraq to Restart Kurdish Oil Exports Amid Iran Sanctions
U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran, eight sources with direct knowledge of the matter told Reuters.
ICC Overhauls Peoples Gas Pipeline Plan in Chicago, Mandates Focus on High-Risk Pipes
The Illinois Commerce Commission has ordered Peoples Gas to retire high-risk cast iron and ductile iron pipes by 2035, replacing its previous modernization program with a more targeted safety initiative.
Trump Pushes Alaska LNG to Shift Asia's Energy Dependence
When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.
Tokyo Gas to Sell Eagle Ford Shale Stake to Shizuoka Gas for $130 Million
Tokyo Gas, Japan's biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka Gas for $130 million under an asset portfolio review to improve efficiency, it said on Friday.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
