North America
Trans Mountain Pipeline Warns of 2-Year Delay Over Regulatory Setback
Canadian government-owned Trans Mountain Corp. asked the country's energy regulator on Thursday to reverse a decision rejecting proposed construction changes on its oil pipeline expansion, warning of a possibly "catastrophic" two-year delay and billions of dollars in losses.
Creating Efficiencies with Turn-Key Integrity Solutions
(P&GJ) — As countries around the globe work to reduce emissions, the transition from coal to natural gas is an important step that many pipeline operators are pursuing, as part of their strategy to meet emission targets and move to lower carbon energy sources.
Freeport LNG Settles with EPA Over Safety Failures Following June 2022 Texas Blast
Freeport LNG, which operates the second-largest U.S. liquefied natural gas export plant in Texas, agreed with the U.S. Environmental Protection Agency to settle safety violations related to a June 2022 blast that caused some $275 million in damage to the facility.
U.S. Allocates Up to $890 Million for Carbon Capture Projects at Gas Facilities in Texas, California
Natural gas and coal plants in Texas, California and North Dakota will share up to $890 million in U.S. funding for projects to demonstrate the viability of carbon capture technologies, the U.S. Energy Department said on Thursday.
Germany's SEFE Urgently Seeks U.S. Approval for Venture Global's CP2 LNG Project Amidst Russia Gas Pipeline Crisis
The German state-owned Securing Energy for Europe GmbH (SEFE) has become the third company to seek approval from the U.S. energy regulator for liquefied natural gas (LNG) developer Venture Global to begin construction on its CP2 LNG project in Louisiana.
Canadian Natural Resources Projects Uptick in Production in 2024
Canadian Natural Resources said on Thursday it expects production to increase in 2024, as the energy producer bets on demand amid tight supplies.
Pembina Pipeline Acquires Enbridge's Interests in Alliance Pipeline, Aux Sable for $3.1 Billion
(P&GJ) — Enbridge Inc. has entered into a definitive agreement to sell its 50% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corp. for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion.
Kinder Morgan Increases Permian Highway Pipeline Capacity by 550 MMcf/d
(P&GJ) — Pipeline operator Kinder Morgan has successfully augmented the capacity of its Permian Highway natural gas pipeline by an additional 550 million cubic feet per day (MMcf/d), CEO Kimberly Dang announced during an investor call Dec. 7.
Exolum to Acquire 50% Stake in Houston Ammonia, NGL Storage Terminal from Moda Midstream
Exolum has agreed to acquire a 50% interest in Vopak Moda Houston LLC, an ammonia storage, import and export terminal located on the Houston Ship Channel, from Moda Midstream LLC.
Gas Producer EQT Explores $3 Billion Sale of Marcellus Shale Well Stakes
The stakes EQT is planning to sell are in assets spread across Northeast Pennsylvania with current production of around 700 million cubic feet per day, the sources said.
Howard Energy Partners Completes $800 Million in 2023 Growth Projects, Achieves Record Volumes
(P&GJ) — Howard Energy Partners completed $800 million in 2023 growth projects, including new pipelines and facilities in key U.S. oil and gas basins, along with storage and logistics for renewable diesel on the Texas Gulf Coast.
BP's Olympic Pipeline Leaks Over 25,000 Gallons of Gas in Washington State
(P&GJ) — Emergency teams worked to address a gasoline spill in northwest Washington State on Dec. 12 after a pipeline segment failed over the weekend that released approximately 25,660 gallons (97,100 liters) of gasoline due to a small tube malfunction.
NIPSCO Completes $180 Million Gas Pipeline Extension in Kokomo, Indiana
(P&GJ) — NIPSCO has announced the completion of the installation of nearly 19 miles of new 24-inch steel gas pipeline. This pipeline will service the new battery plant in Kokomo, Indiana, providing a safe and reliable source of natural gas for the future.
EIA Forecasts 20 Bcf/d Boost for U.S. LNG Export Terminals with New Pipelines
More than 20.0 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. LNG export terminals that are currently under construction, according to the EIA.
BP Takes On FERC, Alleges Approval Flaws for Venture Global LNG Plant
BP Plc has challenged U.S. energy regulators' approvals of a Venture Global LNG export facility, arguing the Federal Energy Regulatory Commission (FERC) has failed to enforce its regulations, according to a letter filed with FERC on Monday.
WoodMac: M&A Deals in Permian Basin Exceed $100 Billion in 2023
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multibillion-dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.
Glenfarne's Texas LNG, ABB Ink Deal for Core Equipment in Port of Brownsville Project
(P&GJ) — Texas LNG, a four million tonnes per annum LNG export terminal to be constructed in the Port of Brownsville, and ABB have signed a memorandum of understanding to collaborate on core automation and electrical equipment for the new facility.
LNG Developer Tellurian Names New President as Shakeup Continues
Tellurian said on Monday it appointed a new president and general counsel, days after the U.S. liquefied natural gas (LNG) developer ousted co-founder Charif Souki as chairman.
Oil Extends Gains on U.S. Strategic Reserve Purchase
Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year lingered.
TC Energy's Coastal GasLink Seeks $737 Million from Contractor Over Project Delays
Coastal GasLink, a Canadian natural gas pipeline partnership operated by TC Energy, is seeking C$1.2 billion ($737 million) from one of its main contractors for construction delays and may be liable for a similar amount if an arbitrator rules against it, court documents showed ahead of a hearing this month.
Occidental Petroleum to Acquire Permian Oil, Gas Producer CrownRock for $12 Billion
Occidental Petroleum said on Monday it would buy Permian basin-focused energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. oilfield.
Inpex, JERA Urge FERC to Approve Venture Global's CP2 LNG Project in Louisiana
JERA's letter to the U.S. Federal Energy Regulatory Commission (FERC) dated Friday, which followed Inpex's letter on Thursday, reiterated the role of the CP2 LNG project in securing Japan's energy supply.
U.S. LNG Developer Tellurian Ousts Co-Founder Souki as Chairman
Tellurian ousted its chairman and co-founder Charif Souki as an executive officer, the U.S. liquefied natural gas (LNG) developer said on Friday, weeks after auditors raised doubts about the company's ability to cover future expenses.
Sources: Endeavor Energy Explores Sale for as Much as $30 Billion
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter.
U.S. Looks to Buy Additional 3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. Department of Energy on Friday said it wants to buy up to 3 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) for delivery in March 2024, as it takes advantage of lower prices to start to replenish the stockpile.
Mexico's Pemex Eyeing Later Refinery Start-Up Date, Months After Initial Announcement
Mexican state-owned oil company Petróleos Mexicanos is working to nail down the start-up date at its newest refinery, months after the government said it had begun early output to ramp up to full capacity by December.
Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets
Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.
Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy
Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.
Exxon Outlines $27 Billion Annual Project Spending; Golden Pass LNG Plant Set for 2025 Start-Up
Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals.
EIA: Continental U.S. Kicks Off Winter with Most Natural Gas in Storage Since 2020
The continental United States entered the winter heating season with the most natural gas in storage since 2020, the U.S. Energy Information Administration (EIA) said on Thursday.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
