Pipeline and storage operator Plains All American raised its stake in the Saddlehorn Pipeline Company joint venture and a mid-Continent basin terminal asset by 10% for about $110 million in cash.
Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.
Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of $6.9 billion in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.
Targa Resources beat Wall Street estimates for first-quarter core profit, as the pipeline operator benefitted from higher volumes of natural gas liquids (NGL) transported through its system.
Exxon Mobil is "optimistic and pushing forward" with its delayed Rovuma LNG project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
The Houston-based company has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its proposed Driftwood LNG export plant.
U.S. natural gas futures eased on Tuesday, pressured by large storage levels, after marking its best day in over two years in the previous session, helped by forecasts for more demand than previously expected with an increase in feedgas to Freeport LNG's export plant in Texas.
Pipeline operator ONEOK reported a decline in first-quarter profit on Tuesday due to increased operating costs and capital expenditures. However, the company noted an increase in capacity utilization in its natural gas gathering and pipeline segments, rising from 96% to 97%.
The 140-mile (225-km) pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the country's dependence on imported fuels and at lowering energy costs for residents.
QatarEnergy has finalized an agreement with China State Shipbuilding Corp. (CSSC) for the construction of 18 state-of-the-art LNG vessels, each boasting a capacity of 271,000 cubic meters.
Equitrans Midstream Corp. said on Tuesday it expects to complete the construction and final commissioning activities on its Mountain Valley natural gas pipeline by the end of May at an estimated cost of $7.85 billion.
Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests.
The funds, part of the Infrastructure Investment and Jobs Act, will support pipeline construction projects across various districts, replacing aging infrastructure and acquiring methane leak detection equipment.
The amount of natural gas flowing to the seven U.S. LNG export plants was on track to rise by about 5% to a three-week high on Monday as Freeport LNG in Texas started to pull in more feedgas, data from financial firm LSEG showed.
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