North America

What's New January 2024

Sherwin-Williams, PCE Instruments, NDT Global, McElroy and more!

Projects January 2024

Wolf Carbon withdraws pipeline application in Illinois; Canadian oil, gas producers plan to drill 8% more wells in 2024; TC Energy receives FERC approval for Virginia Reliability Project; and more!

Pipelines Unhappy with Clean Water Act Final Rule

The new Clean Water Act (CWA) final rule from the Environmental Protection Agency (EPA) potentially complicates efforts by pipeline builders (and other infrastructure sectors) to get construction approval from states and tribes.

CorEnergy Completes $175 Million Sale of MoGas, Omega Pipeline Systems to Spire

CorEnergy Infrastructure Trust Inc. has successfully closed the sale of its MoGas and Omega pipeline systems to Spire Midstream for $175 million.

U.S. Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve

The United States bought 3.2 million barrels of oil for the Strategic Petroleum Reserve, as it continues to slowly replenish the stash after selling a record amount following Russia's invasion of Ukraine in 2022, a Department of Energy document showed on Friday.

U.S. Regulator Seeks More Data on Occidental-CrownRock Deal

The U.S. Federal Trade Commission (FTC) has asked for more information on Occidental Petroleum's $12 billion deal for Permian-based producer CrownRock, the firms said on Monday, making it the latest big oil merger to face increased scrutiny.

British Columbia Strengthens $26.7 Billion Power Plan, Faces Hurdles in Electrifying LNG Projects

British Columbia boosted its $26.7 billion plan to expand its grid over the next decade, but Canada's Pacific Coast province will still fall short of supplying the biggest LNG projects with hydropower needed to avoid generating high emissions.

Chevron Initiates Marketing of Natural Gas Assets in Canada's Duvernay, Anticipates Up to $900 Million in Sales

Chevron has said it plans to offer between $10 billion and $15 billion in assets by 2028 following deals with Hess Corp., PDC Energy and Noble Energy that will significantly expand its oil and gas output.

Solving Sulfide Stress Cracking in Sour Service

Nearly every oil country tubular goods (OCTG) manufacturer and producer is looking for solutions to sour service. It’s a perpetual issue that’s been hampering the oil and gas industry for as long as pipes have been underground.

Biden Administration Taking Heat from All Sides Over Louisiana LNG Project

The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in weeks or months on approval of Venture Global's Calcasieu Pass 2, or CP2, liquefied natural gas terminal (CP2) project.

U.S. LNG Feedgas Cut by Arctic Freeze, Problems at Freeport LNG

The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.

Blinken Urges Bosnian Lawmakers to Pass Gas Pipeline Law with Croatia

U.S. Secretary of State Antony Blinken has urged Bosnian Croat lawmakers to stop holding up legislation to build a natural gas pipeline with Croatia, seen as an alternative to Russian gas, local media reported on Thursday.

Enbridge, FortisBC to Study Hydrogen Delivery Through Canadian Gas Pipeline Infrastructure

The study will look at the percentage of hydrogen that can be safely transported through gas pipeline infrastructure, such as Enbridge's Westcoast natural gas transmission system, to reduce greenhouse gas emissions.

U.S. Crude Prices Firm at Gulf Coast as Takeaway Capacity Tightens

Record crude output from the top U.S. oilfield and busy crude pipelines to export hubs are boosting the price of the country's flagship crude at the Gulf Coast, analysts and traders said.

Terra Natural Capital Launches to Scale Carbon Projects and Boost Natural Assets Investment

Terra was founded with the mission of delivering flexible financing solutions for carbon removal and reduction projects and providing both public and private organizations with access to high-integrity carbon credits at scale.

Kinder Morgan's Q4 Profits Dip on Interest Costs and Natural Gas Challenges

Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline segment hurt margins during the period.

WoodMac: Gas, LNG Prices to Remain Relatively Weak in 2024 Amid Subdued Demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter, consultancy Wood Mackenzie said on Wednesday.

U.S. Natural Gas Demand Hits Record High Amid Severe Cold Snap

U.S. homes and businesses used a record amount of natural gas on Tuesday as demand for the fuel for heating and power generation soared during an Arctic blast that also cut gas output to near a 13-month low by freezing wells.

North Dakota Oil Production Plummets by 650,000 to 700,000 bpd Amid Extreme Cold

Oil production in North Dakota was estimated to have dropped by more than half its typical output because of extreme cold and related operations challenges, the state's pipeline authority said on Wednesday.

INGAA Foundation Unveils Report on Electrifying Natural Gas Compression for Greenhouse Gas Reduction

The Foundation aimed to assess the potential effects of electrifying natural gas transmission compression as a strategic measure to combat greenhouse gas (GHG) emissions across the natural gas supply chain.

Deep Freeze Hits U.S. Oil Industry from North Dakota to Texas

A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others, and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.

West Virginia Greenlights Hope Gas' $177 Million Pipeline, Deemed 'Reasonable and Necessary’

West Virginia's PSC approves Hope Gas' pipeline project, investing $177 million to meet Morgantown's rising demand. Amid supply challenges, local customers welcome increased capacity for the region's energy needs.

Exxon to Acquire Additional 1.2 Million Tonnes of LNG Annually from Mexico Pacific

Mexico Pacific said on Tuesday that it will supply ExxonMobil with an additional 1.2 million tonnes per annum of LNG. Exxon will purchase the LNG on a free-on-board basis over a 20-year term.

Talos Energy to Acquire QuarterNorth Energy for $1.29 Billion

Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 billion cash-and-stock deal to bolster its presence in Mexico.

Moda Completes Sale of Vopak Moda Houston Terminal Interest to Exolum

Moda Midstream and EnCap Flatrock Midstream have finalized the sale of Moda's 50% stake in the Vopak Moda Houston terminal joint venture to Exolum, a prominent European logistics company specializing in liquid products and operating in nine countries.

U.S. Natural Gas Demand Soars as Arctic Blast Hits Supply, Sparks Conservation Urgency

U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday.

North Dakota Sees 425,000 bpd Oil Drop, 1.1 Bcf/d Gas Output Decline Due to Extreme Cold

North Dakota oil production has fallen by 400,000 to 425,000 barrels per day (bpd) and gas output is down 1.0 billion to 1.1 billion cubic feet per day (Bcf/d) on extreme cold and related operational issues, the North Dakota Pipeline Authority estimated on Monday.

Canadian Regulator Clears Trans Mountain Pipeline Change, Allowing Early 2024 Completion

Trans Mountain had asked to be allowed to install smaller-diameter pipe in a 1.4-mile (2.3-km) section of the pipeline's route after encountering challenging drilling conditions due to the hardness of the rock in a mountainous area between Hope and Chilliwack in the province of British Columbia.

Frigid Temps Cut U.S. Natural Gas Supply as Demand Soars, Texas Faces Possible Shortfall

U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs.

U.S. Proposes Fee on Methane from Big Oil and Gas Producers

The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations.