North America

US Natural Gas Jumps Nearly 10% on Colder Forecasts

U.S. natural gas futures jumped almost 10% to a near two-week high on Wednesday on forecasts for much colder weather and higher heating demand through early March than previously expected.

Bakken Buildup: Williston Basin Outlook Brightens Through Year of Midstream Expansion

As North Dakota’s largest processor of natural gas, ONEOK often serves as an industry bellwether for Williston Basin midstream activity, and with demand surging in 2021, the natural gas liquids major was bent on growth.

Prospects for Midstream in Wake of Biden’s Infrastructure Bill

Entering the New Year, energy sector representatives tracking developments in our nation’s capital may suffer some whiplash in working with Congress.

Europe Remains Top Destination for U.S. LNG for Third Month

Europe's call for U.S. LNG continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday.

TC Energy Beats Profit Expectations on Stronger Demand

Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.

Venture Global to Buy Natural Gas from Repsol for LNG Plant

Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.

Feed to U.S. LNG Plants Soars as 7th Terminal Loads First Cargo

Natural gas supplies to U.S. LNG export plants reached near record levels over the weekend as vessels docked for loading at all seven export terminals for the first time.

Mariner East Pipeline System Construction Complete, Commissioning in Progress

After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.

New England Carbon Emissions Spike as Power Plants Turn to Dirtier Fuel

New England’s electric grid delivered a massive blast of greenhouse gas into the air during a recent stretch of cold weather, as power stations switched from natural gas to dirtier but cheaper fuel oil.

U.S. Senator Warren Urges SEC to Issue Delayed Climate Rule

Democratic U.S. Senator Elizabeth Warren criticized the U.S Securities and Exchange Commission on Thursday for delays to its landmark climate change risk disclosure rules and called for "quick action" on the issue.

Enbridge Reports Higher Profit as Pipeline Volumes Rise

Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.

PHMSA Announces Long Awaited, New Regulation of Gathering Lines

After a decade of consideration, the Pipeline and Hazardous Materials Safety Administration published a final rule that creates two new classes of onshore gathering lines — R and C.

Global News February 2022

EIA Updates Oil Price Forecasts Through 2023, Indian Oil Investing $944 Million on Gas Sales in New Areas, Cruz’s Nord Stream 2 Sanctions Bill Fails to Pass in US Senate and more.

Consumers Face Years of High Energy Prices, Global Oil CEOs Warn

Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation.

Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery

Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.

Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions

Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.

Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant

U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.

U.S. Power Use to Rise in 2022 as Economy Continues to Grow - EIA

U.S. power consumption will rise in 2022 and 2023 as the economy continues to recover, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.

Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking

A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.

First LNG Tanker Arrives Near Venture Global's Calcasieu Plant

A tanker, the Yiannis, arrived near Venture Global LNG's Calcasieu Pass LNG export plant in Louisiana on Monday and could be the first vessel to pick up a cargo at the facility, according to data from Refinitiv.

Cheniere Announces Substantial Completion of Sabine Pass Train 6

Cheniere Energy Partners on Monday announced substantial completion of its sixth liquefaction train at Sabine Pass and said construction partner Bechtel has handed over the project after its commissioning was complete.

U.S. Natural Gas Drops 11% on Milder Forecasts Despite Winter Storm

U.S. natural gas futures dropped about 11% on Thursday in what has already been an extremely volatile week on a slightly smaller-than-expected storage draw and forecasts for less cold and lower heating demand over the next two weeks.

Oil Company Directors Decline to Testify in U.S. House Climate Panel

Board members of four major oil companies declined to appear at a U.S. House oversight panel hearing scheduled for Feb. 8 to answer questions about their companies' climate change plans, the committee said on Thursday.

Natural Gas Futures Jump over 15% on Output Drop, Colder Forecasts

U.S. natural gas futures jumped over 15% on Wednesday as frigid weather cut output to its lowest level since July 2021 and as winter storms threatened while LNG exports were at near-record levels.

Texas Utility Provider Forecasts High Demand for Coming Winter Storm

Texas utility provider ERCOT forecast high energy demand during an approaching a winter storm, warning that frozen precipitation it could cause local electricity outages.

Exxon to Raise Permian Basin Output by 25% This Year

Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.

US Unveils $1.15 Billion for Abandoned Oil and Gas Well Cleanup

The Biden administration said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions.

Whistler Pipeline Announces Lateral Expansion

Whistler Pipeline LLC announced the expansion of the Whistler pipeline’s Midland basin footprint with a new 36-inch lateral extending northwest into Martin County, Texas.

Forced Electrification Could Cost Maryland Consumers $26,000+ per Household, CEA Report Finds

Removing natural gas service and usage could cost Baltimore households more than $26,000 each, a Consumer Energy Alliance analysis found.

Carbon+Intel: Top US Oil States Vie for Carbon Capture Oversight to Speed Up Permits

Companies are proposing carbon capture and storage hubs to sequester greenhouse gas emissions from refineries, chemical and natural gas plants, a move that could help slow global warming.