North America
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.
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.
- 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
