North America

Chevron CEO Downplays Oil Shortage Worries, Says Supplies Are Available

Chevron CEO Michael Wirth downplayed worries over oil supplies saying although global crude oil inventories have been drawn down, oil supplies are not lacking.

Biden Bans Russia Oil Imports to US, Warns Gasoline Prices Will Rise Further

U.S. President Joe Biden has banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.

Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant

U.S. LNG exporter Venture Global LNG said that oil and gas major Shell has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.

Hess CEO: Petroleum Reserve Releases Should Double, Quadruple to Aid Markets

Energy consuming nations should release more crude oil from their strategic reserves to bring down the skyrocketing price of petroleum products, the CEO John Hess said.

Texas Railroad Commission Implements Operator-led Plan to Reduce West Texas Earthquakes

In the Western Permian Basin, the Railroad Commission began implementation last week of a first of its kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe.

Cheniere Signs EPC Contract for Corpus Christi Stage III Project

The Corpus Christi Stage III Project will consist of up to seven midscale trains, each with an expected liquefaction capacity of approximately 1.49 MTPA with a total production capacity of more than 10 MTPA.

US Prepared to Move Alone in Banning Russian Oil Imports

The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, after Russia's invasion of Ukraine.

Japan to Release 7.5 MMbbl of Oil Reserves in IEA-led Global Action

The volume makes up 12.5% of a planned coordinated release of 60 MMbbl of oil reserves that the U.S. and other members of the IEA agreed to compensate for supply disruptions following Russia's invasion of Ukraine.

Exxon Sues US Over Taxes Related to Gas Project in Qatar

Exxon Mobil Corp. filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing in U.S. district court in Dallas.

Cowboy Midstream Plans New Crude Offload Terminal

Construction activities are underway, and Cowboy expects the new terminal to be ready for crude oil receipt and transportation April 2022.

US Natgas Futures Ease with Drop in Global Oil, Gas Prices

The U.S. market continued its three-day streak of following sharp moves in European gas and global oil prices with the Russia-Ukraine conflict stoking energy supply concerns.

US Senators to Grill Regulators over Climate Policy on Natural Gas Projects

Top U.S. senators will grill Democratic energy regulators who approved guidelines for new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

TotalEnergies Joins JV to Develop Offshore Wind Farm in California

TotalEnergies has joined the Castle Wind joint venture for the development of a 1 GW offshore wind project off the coast of Morro Bay, off the Central California Coast.

Talos Energy to Seek Approvals for Several Carbon-Capture Projects

Talos is developing plans to build carbon capture projects along the Texas and Louisiana coasts as energy businesses seek to lower emissions of carbon dioxide and other pollutants.

USW, Marathon Agree to Set 4-Year Pattern for Oil Sector Bargaining

The agreement will impact over 30,000 oil refinery, petrochemical plant, pipeline and terminal employees in more than 200 USW represented bargaining units.

Frontier-Kemper to Construct Tunnel for Eagle Mountain - Woodfibre Gas Pipeline

Pre-construction activities, including design, procurement and construction planning, are expected to commence in March 2022 with construction anticipated to begin in early 2023.

AGA: Europe's Energy Woes Prove Value of Natural Gas Infrastructure

Europe's soaring natural gas prices demonstrate the dangers of failing to invest in infrastructure and serve as a warning for U.S. regions that follow suit and rely on LNG imports.

North America's Old Pipelines Seek New Life Moving Carbon

North American oil and gas pipeline companies are gearing up to compete for a budding market moving greenhouse gases to carbon capture and storage projects - by building new pipelines to transport carbon dioxide or giving new life to old, under-used ones.

Equitrans Nixes Summer Start of Mountain Valley Pipeline

Equitrans Midstream on Wednesday announced that it is no longer targeting a summer 2022 startup of its long-delayed Mountain Valley Pipeline (MVP) and is not yet able to provide an update on the project's in-service timing or overall cost.

US Slaps Sanctions on Company Building Nord Stream 2

President Joe Biden said on Wednesday the United States would impose sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.

US Met More Than Quarter of European LNG Demand Last Year - EIA

The United States last year became Europe's largest source of liquefied natural gas (LNG), the U.S. Energy Information Administration (EIA) said on Tuesday.

Clearfork Completes Acquisition of Azure Midstream

Azure Midstream Energy, a natural gas midstream company operating in North Louisiana and East Texas, announced Tuesday that it has closed on its sale to Clearfork Midstream.

Dakota Access Pipeline Suffers US Supreme Court Setback

The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access Pipeline operator Energy Transfer to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.

NextEra Takes $800 Million Charge for Mountain Valley Pipeline

A unit of NextEra Energy recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley Pipeline.

US Supplies Give China Muscle to Become Major Force in LNG Trade

Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalizations at home and recently signed long term contracts for record amounts of LNG from U.S. suppliers.

EIA Reports: US LNG Export Capacity to Top Other Nations by End of 2022

LNG export capacity in the United States has grown rapidly since the Lower 48 states first began exporting LNG in February 2016. In 2020, the United States became the world’s third-largest LNG exporter.

Facing Texas Pushback, BlackRock Says it Backs Fossil Fuels

At the risk of being dropped from Texas pension funds, BlackRock Inc. has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries.

Government Condemns Attack on Coastal GasLink Pipeline Work Camp

The Canadian government on Friday condemned an attack on a Coastal GasLink pipeline work camp in northern British Columbia, in which police said assailants brandishing axes threatened workers and damaged equipment.

SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen

Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.

Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction

Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.