North America
Freeport LNG Sets New Gas-Processing Record After Plant Overhaul
Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.
WhiteWater Reaches FID on 170-Mile, 1.75 Bcf/d Pelican Pipeline to Serve Louisiana’s Gillis Hub
WhiteWater has announced it will proceed with constructing the Pelican Pipeline, a major natural gas line stretching 170 miles from Williams, Louisiana, to the Gillis Hub near Ragley, Louisiana.
Biden Administration Makes Final Oil Purchase for Strategic Reserve as Funding Ends
The Biden administration announced its last oil purchase for the Strategic Petroleum Reserve after record sales in 2022, as Department of Energy funding for the reserve has been fully tapped.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
22% of Gulf of Mexico Oil Production Shut Down by Hurricane Rafael
Over 22% of crude oil production and 9% of natural gas output in the U.S. Gulf of Mexico were shut down due to Hurricane Rafael, according to the U.S. Bureau of Safety and Environmental Enforcement. The shutdown includes 391,214 barrels of oil and nearly 181 million cubic feet of natural gas daily.
Trump Win Expected to Lift Barriers on U.S. LNG Export Projects, Say Developers
U.S. LNG developers anticipate accelerated project approvals following Donald Trump’s election, as his administration promises to streamline Department of Energy reviews. Companies like Energy Transfer and Commonwealth LNG expect this shift to fast-track multibillion-dollar export projects, while environmental groups vow continued opposition.
Mid-Michigan Pipeline Completion Bolsters Natural Gas Reliability Across Five Counties
Consumers Energy has completed its Mid-Michigan Pipeline, upgrading 55 miles of natural gas pipeline to enhance reliability across five counties. The $1.5 billion project modernizes the gas delivery system just in time for winter.
TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand
TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.
Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline
Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.
Energy Transfer Receives 16 Bcf/d Natural Gas Requests Amid Growing Data Center, Power Needs
Energy Transfer reported a substantial increase in requests to connect over 90 power plants and data centers, with potential demand totaling up to 16 Bcf/d of natural gas. The surge is fueled by growth in data centers supporting AI, and pipeline proximity could allow Energy Transfer to capture a significant portion of this new demand.
EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance
The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.
Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says
The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.
Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant
Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.
Trump’s Return May Shift U.S. Energy Focus, but Clean-Energy Boom Remains Strong
Donald Trump's return to the White House would likely redirect U.S. energy policy towards oil and gas, but experts believe the nation's clean-energy boom will maintain momentum due to existing subsidies and market dynamics.
Texas Reelects Craddick to Lead Oil Regulatory Body, Signaling Continued Industry Growth
Texas voters have re-elected Christi Craddick as chair of the Texas Railroad Commission, reinforcing her conservative stance on energy regulation and signaling further growth for the state’s oil industry, including the Permian Basin.
Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch
Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.
Port Freeport Remains Open Amid Rough Seas; Inbound Boarding Temporarily Suspended by Brazos Pilots
Port Freeport in Texas has closed to inbound vessel traffic due to offshore conditions as Tropical Storm Rafael approaches, with the storm expected to reach near-hurricane strength by Tuesday night.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Texas GulfLink Project Gets EPA Backing for Crude Export Hub off Texas Coast
The U.S. Environmental Protection Agency (EPA) has given its nod to the Texas GulfLink (TGL) Deepwater Port Project, a venture proposed by Texas GulfLink Holdings, a subsidiary of Sentinel Midstream LLC, intended to facilitate crude oil exports from the U.S. coast.
Oil Trades in Tight Range Ahead of U.S. Election Result
Oil prices traded in a narrow range as the U.S. presidential election approached, with additional support from OPEC+ delaying a planned production increase to address weak demand. Analysts say the election's outcome could significantly affect oil market policies and international trade.
Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation
Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.
Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction
Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.
U.S. Crude Oil Pipeline Squeeze Boosts Prices at Gulf Coast Export Hub
U.S. crude oil prices at the Gulf Coast export hub have surged due to limited pipeline capacity from the Permian basin. A growing demand for light sweet crude, alongside record production, has widened the price gap between West Texas and Houston.
Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
Chevron CEO Michael Wirth faces mounting pressure as the company's stock slides amid delays in the $53 billion acquisition of Hess. The stalled deal, crucial for growth, coincides with declining earnings and rising operational costs, raising concerns among investors about Chevron's future direction.
Venezuela's Oil Exports Surge to 4-Year Peak Amid Higher Output, Demand from U.S., India
Venezuela's oil exports reached a four-year high of nearly 950,000 barrels per day in October, driven by increased crude production and enhanced sales to the U.S. and India, despite ongoing sanctions and recent challenges.
APGA Promotes Erin Kurilla to Executive Vice President
The American Public Gas Association (APGA) has promoted Erin Kurilla to Executive Vice President, Vice President of Advocacy & Operations. The APGA represents over 730 local, municipally owned natural gas systems across 38 states.
Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
LyondellBasell Industries plans to permanently close its 263,776 bpd Houston refinery in early 2025, citing long-term shifts in fuel demand amid rising renewable energy and electric vehicle adoption. The closure adds to a wave of U.S. refinery shutdowns as the industry adapts to changing market conditions.
Canadian Natural Cuts Gas Drilling Targets as Prices Slide
Canadian Natural Resources will reduce natural gas drilling in 2024 as weak prices persist, despite stronger-than-expected third-quarter profits driven by oil sands production.
Britain's Centrica Secures 10-Year U.S. Gas Deal with Coterra to Bolster LNG Portfolio
British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio.
Global News November 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
