North America
European Energy Giants Urge U.S. Regulators to Reject Venture Global LNG's Permit Extension
Top European energy companies on Friday asked U.S. regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana export plant.
Shell's LNG, Gas, and Power Trading Chief Steve Hill to Depart Company
Hill joined Shell in 2016 following the $53 billion acquisition of rival BG Group. He has headed Shell Energy, which oversees business-to-business LNG, gas and power trading, part of the company's downstream division.
Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.
Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.
Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
Texas sued the U.S. government over Environmental Protection Agency rules published on Friday, that crack down on the oil and gas industry's releases of methane, a potent greenhouse gas that contributes to climate change.
Bakken Drillers Push Back Against U.S. Carbon Pipeline Company's No Oil Recovery Promise
Summit Carbon Solutions is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases. The company has repeatedly pledged that its project will not be used by drillers to boost output from oil fields.
Enterprise Products Launches Texas Western Products System, Expanding Fuel Operations
Enterprise Products Partners L.P. has announced that the first phase of its Texas Western Products System (TW Products System) is now in service with the start of truck loading operations at the company’s new Permian terminal in Gaines County, Texas.
EQT and Equitrans Midstream to Merge in $5.5 Billion Natural Gas Deal
EQT Corp., the leading U.S. natural gas producer, is set to acquire Equitrans Midstream in a deal valued at $5.5 billion. The merger will bolster cost-effective production and transportation of natural gas by incorporating over 2,000 miles of pipeline infrastructure into EQT's operations.
Williams Secures Nearly $1 Million for Carbon Storage Research in Wyoming
Oklahoma-based pipeline operator Williams Cos. has been awarded $975,000 in funding to study carbon capture and storage initiatives in Wyoming.
U.S. Coast Guard Investigates Oil Spill Off Huntington Beach, California Coast
The U.S. Coast Guard on Friday were trying to identify the source of an oil spill off the coast of Huntington beach, California, the agency said.
Shell, Edison Urge U.S. Regulators to Reject Venture Global LNG's Permit Extension Request
Italian utility Edison and Shell on Friday asked U.S. energy regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana export plant.
Chevron's CEO Faces High-Stakes Battle Over Hess Acquisition
Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.
Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
TC Energy's Keystone oil pipeline resumed service on Thursday after going offline and temporarily restricting a major conduit of Canadian oil to the United States, which sent oil prices higher.
Enbridge Completes Acquisition of EOG from Dominion Energy, Expanding Gas Utility Portfolio
Enbridge Inc. announced the closing of its acquisition of The East Ohio Gas Company (EOG) from Dominion Energy, Inc. The gas utility will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit.
Citgo's Quarterly Net Profit Plummets 81% on Plant Outages, Margin Decline
Venezuela-owned oil refiner Citgo Petroleum on Thursday reported fourth quarter net profit fell 81% to $154 million, from $806 million a year ago, on plant outages and weaker margins.
TC Energy's Keystone Oil Pipeline Offline Due to Operational Issues
TC Energy's Keystone oil pipeline went offline due to operational issues, sources said on Thursday, cutting off a major conduit of Canadian oil to the United States and sending oil prices higher.
U.S. Democrats Urge Antitrust Probe into Oil, Gas Mergers
Nearly 50 Democrats in the U.S. Congress on Wednesday urged the Federal Trade Commission to probe oil and gas company deals and expand current investigations to protect consumers and industry competition.
Hess Reassesses Chevron's $53 Billion Merger Timeline Amid Exxon's Bid
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.
U.S. Natural Gas Prices Steady Ahead of Federal Storage Report
U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.
IEA Forecasts Well-Supplied Oil Market in 2024 Despite Demand Slowdown
The global oil market is relatively well supplied with demand growth slowing, while supply is increasing from the Americas, the head of the International Energy Agency's (IEA) oil markets and industry division told Reuters on Thursday.
Xcel Energy Says Its Facilities Likely Started Texas Fire, Faces Negligence Allegations
The Minneapolis-based utility, which provides power and natural gas to parts of Texas and seven other U.S. states, disputed "claims that it acted negligently in maintaining and operating its infrastructure."
U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
The U.S. is seeking to buy about 3 million barrels of oil for the Strategic Petroleum Reserve for delivery in September, the Energy Department said on Wednesday, as it slowly replenishes the emergency stash after selling a record amount in 2022.
TC Energy Announces Layoffs in Houston, Calgary as Part of Pipeline Unit Integration Plan
Canadian oil and gas pipeline firm TC Energy said on Wednesday it has laid off some of its workers as part of a previously announced plan to integrate its natural gas pipeline units.
Mexico's Pemex, Billionaire Investor Carlos Slim Discuss Reviving Deepwater Gas Project
Mexican state energy company Pemex and billionaire investor Carlos Slim's team are discussing ways to revive development of the country's first deepwater natural gas field that was shelved twice before, two sources told Reuters.
Saudi Aramco, UAE's ADNOC in Talks for Investments in U.S. LNG Projects
Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said.
Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Pipeline operator Enbridge raised its short-term profit growth forecast on Wednesday and said it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.
Canadian Oil Producer Cenovus Plans 19% Production Increase Over Five Years
Cenovus Energy, Canada’s third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands.
HVO: Fuel for the Future
The advancement of the energy transition is leading to a growing imperative to reduce carbon emissions in challenging-to-transform sectors. Various industries are adopting alternative fuels and embracing increased electrification to promote sustainable practices within the construction and extraction sectors. In this regard, hydrated vegetable oil (HVO) represents a pioneering alternative fuel source.
Canada Energy Regulator Approves Enbridge Mainline Toll Settlement
The Canada Energy Regulator said on Monday it has approved a toll settlement between pipeline operator Enbridge and shippers for moving oil along the Canadian mainline.
Exxon to Complete Beaumont, Texas, Hydrocracker Overhaul by End of March, Sources Say
Exxon Mobil Corp. plans to finish an overhaul of the hydrocracker at its 619,024 barrel-per-day Beaumont, Texas refinery by the end of March, said people familiar with plant operations on Monday.
SCF Partners Acquires Flowchem, Val-Tex, and Sealweld, Leaders in Midstream Solutions
SCF Partners Inc. has acquired the Pipeline and Industrial Materials business from Entegris Inc., a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries.
- 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
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions