North America

FACTBOX: Deals on the Rise in US Oil and Gas Pipeline Sector

The oil and gas pipeline business has seen increased consolidation this year as U.S. production grows and new pipeline permitting problems have made existing operators more valuable.

Repsol Challenges Venture Global LNG Over Failure to Supply Gas

Spain's Repsol SA has asked an international tribunal to require U.S. gas exporter Venture Global LNG to fulfill its contract for LNG or compensate it, Reuters reported. It is the fourth European customer to pursue an arbitration case against the U.S. developer.

Sources: Sinopec Buys Over 30 LNG Cargoes for Winter Demand, Trading

China's Sinopec Corp has bought more than 30 cargoes of LNG via a tender for October 2023 to the end of 2024 to cover Chinese winter demand and boost the supply pool for trading, traders said.

Pipeline Operator Enbridge Could Add 200,000 bpd to Mainline Oil Pipeline Capacity

Enbridge Inc. could add 200,000 barrels per day (bpd) of capacity to its 3 million bpd Mainline system, which ships the bulk of Canada's crude exports to the United States, a company executive said on Tuesday.

NextDecade Secures $356 Million Loan for Rio Grande LNG Phase 1

NextDecade said on Wednesday it had received a loan worth $356 million from a group of lenders to finance a portion of Phase 1 of its Rio Grande LNG export facility in Texas.

Latest Pipeline Security Initiatives Inside, Outside of NATO

(P&GJ) — Following the attack on the Nord Stream 2 Pipeline a year ago, NATO’s Secretary General Jens Stoltenberg discussed the protection of critical infrastructure with NATO’s members. He made a special point of reaching out to German leaders and to Denmark’s defense minister, since this is the country closest to the damage.

Berkshire Hathaway Maryland Cove Point LNG Export Plant Shut

The amount of natural gas flowing to U.S. energy firm Berkshire Hathaway Energy's Cove Point LNG export plant in Maryland fell to near zero on Wednesday, a sign that the plant likely shut for work expected to start on Sept. 21.

Trans Mountain Pipeline Expansion to Disrupt Oil Flow to US, Boost Prices

Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.

U.S. Lawmakers Urge Biden to Revive Kurdistan Pipeline for Economic Relief

A new U.S. approach is needed to facilitate the re-opening of a pipeline between Iraq's northern semi-autonomous Kurdistan region and Turkey, a trio of U.S. congressmen urged President Biden in a letter seen by Reuters.

Japan's Mitsui to Comply with Arctic LNG 2-Related U.S. Sanctions

Japan's Mitsui said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake.

Budget Bill Permitting Provisions Slight Natural Gas Industry

(P&GJ) — The natural gas industry greeted the permitting reform bill Congress passed and President Biden signed with something short of enthusiasm to say the least.

Canada's Trans Mountain Oil Pipeline's Faces Hearing on Route Change Dispute

Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline.

Venture Global CEO Says Court Battles Are Not Slowing the Company's LNG Projects

Venture Global LNG's chief executive insisted recently that the company's development of U.S. LNG plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell.

Trans Mountain Asks Regulator to Approve Oil Pipeline Tolls Despite Shipper Complaints

Trans Mountain Corp., the oil pipeline company owned by the Canadian government, asked a regulator on Thursday to approve the proposed tolls it wants to charge shippers, who have said they are too high.

ConocoPhillips Signs 15-Year LNG Deal at Gate Terminal in Netherlands

ConocoPhillips has signed a 15-year LNG throughput deal in the Netherlands, starting in 2031, to secure additional regasification capacity in Europe.

US Contacts Oil Producers, Refiners as Gasoline Prices Rise

The head of the White House Council of Economic Advisers said that the U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies during rising gasoline prices.

Sources: Freeport LNG Cancels Four Cargoes Since Feedgas Intake Fell

Freeport LNG, the second-largest U.S. LNG exporter, has canceled four cargoes since its feedgas intake dropped below normal capacity, industry sources told Reuters on Thursday.

Carbon Capture Project Back at Texas Coal Plant After 3-Year Shutdown

A $1 billion carbon capture utilization and storage project that has been shuttered since May 2020 amid plunging oil prices restarted operations last week, its owner JX Nippon said, giving a second chance to a project meant to show the nascent technology is viable at large scale.

Marathon Galveston Bay, Texas, FCC Expected to Remain Shut Through Late This Week

The fire-damaged, gasoline-producing fluidic catalytic cracker (FCC) at Marathon Petroleum's 593,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, is expected to be shut until late this week, said people familiar with plant operations on Friday.

Sempra Completes Port Arthur LNG Phase 1 Interest Sale to KKR

(P&GJ) — Sempra Infrastructure announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.

EPA: Biden's Climate Act to Cut US Emissions by 2030 by 35-43%

The U.S. economy is on track to spew between 35% and 43% less carbon dioxide by 2030 from 2005 levels as a consequence of the Inflation Reduction Act (IRA), a U.S. government report released on Tuesday showed.

EIA: Global Oil Stockpiles to Fall After Saudi Output Cut

Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while U.S. crude production is forecast to rise more than previously thought, the Energy Information Administration said in a monthly report on Tuesday.

Chevron Buys Majority Stake in Utah Hydrogen Storage Project

Chevron has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy. Last year, the Delta, Utah project received the first U.S. Department of Energy loan for clean energy in nearly a decade, of $504 million.

Trans Mountain Pipeline May Face 9-Month Delay Over Route Dispute

The Trans Mountain oil pipeline expansion could be delayed by up to nine months if regulators do not approve a route deviation request, the Canadian government corporation building the project said in a regulatory filing on Monday.

EIA: US Regains Crown as World's Largest LNG Exporter

The U.S. regained its crown as the world's largest exporter of LNG in the first six months of this year, according to the U.S. Energy Information Agency (EIA).

South Dakota Denies Permit for Summit Carbon Solutions' 495-Mile CO2 Pipeline Segment

South Dakota's Public Utilities Commission on Monday denied a permit application from Iowa-based Summit Carbon Solutions to build 495 miles (796 km) of pipeline through the state to transport captured carbon dioxide from ethanol plants to an underground storage site.

Diamondback Energy, Five Point Form Water-Focused JV Deep Blue in Midland Basin

(P&GJ) — Diamondback Energy Inc. and Five Point Energy LLC have partnered to form a new joint venture entity, Deep Blue Midland Basin LLC. The joint venture’s water infrastructure network comprises over 800 miles of pipelines for gathering, transport, disposal and reuse.

Freeport LNG Feedgas Flows Drop Sharply, Raising Supply Concerns

Feedgas flows to Freeport LNG, the second-largest U.S. LNG exporter, dropped sharply over the weekend and were still down for the third day in a row on Monday, LSEG data showed.

Tellurian Drops Equity-Ownership Condition for Driftwood LNG Project

Tellurian Inc. will sell LNG supplies to non-equity holders to bring its long-delayed Driftwood LNG project to fruition, Chairman Charif Souki said this week. The company plans to offer up to 11 million of its 27.6 MTPA output under offtake agreements to get Driftwood across the finish line.

US Army Corps Holds Off Endorsing Energy Transfer’s Dakota Access Oil Pipeline Alternative

On Friday, the U.S. Army Corps of Engineers released a draft environmental impact statement (EIS) for Energy Transfer's Dakota Access oil pipeline. The statement evaluated five alternatives, including options like abandoning or rerouting the pipeline, but it did not make any recommendations.