North America

South Dakota Rejects CO2 Pipeline Permit; North Dakota Project Seeks Reconsideration

(P&GJ) — In a recent development, South Dakota regulators have denied a construction permit for a carbon dioxide pipeline project. This decision closely follows a similar rejection by a North Dakota panel regarding another company's project.

Natural Gas Firm Peyto to Buy Repsol's Canada Unit for $468 Million

Canadian natural gas firm Peyto Exploration & Development has agreed to buy Spanish energy company Repsol's assets in Canada for $468 million, the two companies said in separate statements.

Williams CEO Not Interested in Acquisition of Utility Companies

U.S. energy firm Williams Companies is not interested in three utilities recently bought by Canada's pipeline operator Enbridge as the return rate would be too low, CEO Alan Armstrong said on Wednesday.

Japan's Inpex Interested in Buying US LNG Linked to Henry Hub Prices, CEO Says

Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices, CEO Takayuki Ueda told Reuters on Wednesday.

Pipeline Operator Enbridge Bets Big on US Gas with $14 Billion Bid for Dominion Utilities

Enbridge will buy three utilities from Dominion Energy for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business.

Tellurian, Baker Hughes Collaborate on Driftwood LNG Phase 1 Equipment for 2027 Production

(P&GJ) — Tellurian Inc. and Baker Hughes have entered an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.

Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years

The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

Western Midstream to Acquire Meritage, Adding 1,500 Miles of Gas Pipelines in Powder River Basin

(P&GJ) — Western Midstream Partners LP is set to acquire Meritage Midstream Services II LLC in an all-cash transaction valued at $885 million. The assets include approximately 1,500 miles of natural gas gathering pipelines and 380 MMcf/d processing capacity, situated in Converse, Campbell, and Johnson counties, Wyoming.

Kingston Midstream to Acquire Rangeland Midstream’s Marten Hills Pipeline System

(P&GJ) — Midstream assets included in the transaction consist of the Marten Hills Pipeline System, comprised of crude oil and condensate pipelines, both 82 kilometers (51 miles) in length, and related assets serving the core of the Marten Hills region of north central Alberta in the prolific Clearwater play.

Canada Oil Sands Carbon Capture Project Struggles to Get Key Contract

Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta's oil sands.

Shell, Trinidad Weigh Venezuela's Natural Gas Investment Demands

Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said.

Venture Global and Baker Hughes Expand LNG Equipment Supply Agreement

(P&GJ) — Venture Global LNG has announced a significant expansion plan to boost its LNG production capacity from 70 million tonnes per annum (MTPA) to over 100 MTPA of LNG export capacity.

Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030

U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.

MET Group Inks 20-Year LNG Supply Deal with Commonwealth LNG

Switzerland-based energy trader MET Group said on Monday it has signed a preliminary agreement with Commonwealth LNG to buy liquefied natural gas (LNG) from the U.S. company's facility currently under development in Cameron, Louisiana.

EIA Says Depleting US Crude Inventories Lift Oil Prices

U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a sense the market is tightening and driving a recovery in spot prices and calendar spreads.

Newfoundland Selects Multiple Wind Farm Projects to Power Hydrogen Plants

Canada's gusty Atlantic province of Newfoundland and Labrador selected four companies on Wednesday to develop wind farms to supply power for new hydrogen plants, conditional on further approvals.

Aliso Canyon to Store More Gas to Prevent Winter Price Spikes

California's utilities regulator on Thursday raised the inventory level of Aliso Canyon natural gas storage to prevent price spikes seen last winter, while seeking to wean the state off the facility that in 2015 caused the biggest gas leak in U.S. history.

Kinder Morgan Says Idalia Caused Minimal Damage to Florida Terminals

Kinder Morgan on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston area terminals later in the day.

Canada's Altagas to Buy Natural Gas Assets from Tidewater for $480 Million

Canada's Altagas has agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure for $650 million, the companies said on Thursday.

DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule

(P&GJ) — DT Midstream Inc. has announced the successful early commissioning of its LEAP phase 1 expansion, increasing capacity from 1.0 Bcf/d to 1.3 Bcf/d, surpassing its planned Q4 2023 in-service date and staying within budget.

Trans Mountain Pipeline Expansion Faces Further Delays Over Route Change Dispute

Trans Mountain Corp. fears that the expansion of its Canadian oil pipeline may be delayed further unless a regulator allows it to change its route in British Columbia, according to a First Nation that opposes the route adjustment.

Kinder Morgan Prepares to Close Florida Pipeline System Ahead of Hurricane Idalia

U.S. oil producer Chevron on Tuesday said it evacuated staff from three U.S. Gulf of Mexico oil production platforms while Kinder Morgan planned to shut its Central Florida Pipeline system, as the energy companies braced for Hurricane Idalia.

US LNG Projects Win Higher Processing Fees as Interest Rates Climb

Long-term buyers of U.S. LNG are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter.

Report: Permian Basin Boosts US Economy with $181.8 Billion GDP, Nearly 786,000 Jobs

The Permian Basin's economic impact continues to gain momentum, bringing promising news for Texas, New Mexico and the entire nation. According to the latest report by the Permian Strategic Partnership (PSP), the Permian Basin had a record year for tax revenue collected from the oil and gas industry.

Norway's Equinor Acquires a Stake in U.S. Bayou Bend CCS Project

Norwegian oil and gas company Equinor said on Monday it has acquired a 25% stake in Bayou Bend CCS LLC, a U.S. project to capture and store carbon dioxide (CO2) emissions along the Gulf Coast in southeast Texas.

FuelCell, Exxon Mobil to Extend Carbon Capture Deal

FuelCell Energy said on Monday it would extend a carbon capture joint development agreement with a unit of Exxon Mobil to March 31 next year.

Williams to Complete US Natural Gas Pipelines by 2024

(P&GJ) — Iowa regulators consider permits for the 'largest' CO2 pipeline; Williams is on track to complete two gas pipeline projects by the end of 2024; Pinnacle Midstream has doubled its Midland basin processing capacity, and more!

Global News August 2023

Latest industry developments from around the world!

Tivoli Midstream Acquires 140-Mile Oil Pipeline System from Phillips 66

(P&GJ) — Tivoli Midstream LLC has announced the closing of an acquisition of a crude oil pipeline system in Northern Texas (NTX) from affiliates of Phillips 66. NTX consists of approximately 140 miles of crude oil gathering and transportation pipelines and storage capacity in the Barnett Shale area of Northern Texas.

Pemex Crude Processing Slides in July, Production Lowest This Year

Crude processing at Mexican state oil company Pemex's domestic refineries fell in July to 768,732 barrels per day (bpd), well below the goal of 1 million bpd set by the government in its effort to make the country self-sufficient in energy next year.