North America
Marathon Oil Beats Profit Estimates on Higher Production
Marathon reported a rise in its oil and gas output to 404,000 barrels of oil equivalent per day (boepd) from 333,000 boepd in the previous year.
DTE Energy Seeks Developers for New Renewable Projects
The energy company, which operates a natural gas company in Michigan, is seeking proposals for renewable energy projects totaling about 1,075 megawatts (MW) to advance its decarbonization efforts.
Exxon, EnLink Midstream to Expand CCS Pipeline Transportation Along Gulf Coast
ExxonMobil and EnLink Midstream are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.
U.S. Regulators Set April Deadline for Decision on Venture Global LNG Permit Extension
U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas developer Venture Global LNG's request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana.
TotalEnergies Texas Refinery Operating at Minimal Rates Amid Upsets
TotalEnergies' 238,000-barrel-per-day refinery in Port Arthur, Texas, is operating at minimal production as it contends with multiple upsets, sources said on Wednesday.
U.S. Oilfield Jobs at Risk as Natural Gas Prices Plummet
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production.
Pioneer Natural Exceeds Production Expectations Amid Pending Exxon Takeover
Pioneer Natural Resources on Thursday reported 2023 production that exceeded its prior forecast, as the U.S. shale producer works to close its about $60 billion purchase by oil major Exxon Mobil later this year.
Venture Global LNG Customers Challenge Permit Extension Request
Three of Venture Global LNG's major customers have asked U.S. energy regulators to address the LNG developer's request for a one-year permit extension to complete a Louisiana export facility, signaling their intention to voice concerns.
Cheniere Energy's Annual LNG Revenue Falls on Lower Natural Gas Prices
U.S. liquefied natural gas (LNG) company Cheniere Energy on Thursday forecast a lower core profit for 2024 as prices of the fuel buckle under excess supply, sending its shares down 1.7% premarket.
Chesapeake Plans to Cut Output, Spending Amid Oversupplied Natural Gas Market
Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.
Analysis: Trans Mountain Expansion May Offer Short-Term Relief for Canada's Oil Output, Long-Term Challenges Loom
Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion starts this year, but the relief may be short-lived as surging supply looks set to exceed the country's pipeline capacity in just a few years.
FOCUS: Tumbling U.S. Natural Gas Prices Prove Unstoppable, Hurting Producers
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.
Chesapeake Energy Beats Q4 Profit Estimates Amid Lower Expenses, Production Decline
Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the natural gas producer saw a steep decline in its operating expenses.
Kyushu Electric to Await U.S. LNG Policy Clarity Before Lake Charles Decision
Japan's Kyushu Electric Power will wait until after the United States resumes issuing export licenses for new LNG projects before deciding on whether to invest in the Lake Charles project, an executive said.
CenterPoint Energy to Sell 12,000-Mile Pipeline Network in Louisiana, Mississippi for $1.2 Billion
CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business.
Occidental Considers $18 Billion Sale of Western Midstream, Sources Say
Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.
Equitrans Delays Mountain Valley Natural Gas Pipeline Again, Increases Projected Cost
U.S. energy firm Equitrans Midstream has delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January.
EQT Misses Quarterly Profit Estimates on Lower Prices, Plans Moderate Drilling Expansion
EQT Corp., the largest U.S. natural gas producer, missed fourth-quarter profit estimates on Tuesday, as higher sales volumes were offset by lower gas prices.
Cenovus Energy Boosts Production Despite Refinery Challenges, Shares Rise 7%
Cenovus Energy narrowly missed analysts' estimates for quarterly profit, but higher production and refinery throughput volumes pushed shares in the Canadian oil and gas producer as much as 7% higher on Thursday.
U.S. Awards SPR Contracts Worth $229.5 Million to ExxonMobil, BP, Others
The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, the U.S. Energy Department said on Thursday.
El Niño Drives Real U.S. Gas Prices to Multi-Decade Low
Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.
Strike Looms: Marathon Petroleum Workers in Detroit Vote to Authorize Walkout, Union Reports
Workers represented by Teamsters union at Marathon Petroleum's Detroit refinery have voted to authorize a strike, the union said on Thursday.
North Dakota Natural Gas Output Reaches Record High in December, Flaring Eases
Natural gas production in North Dakota in December rose to a record 3.525 billion cubic feet per day (Bcf/d) from the prior all-time high of 3.469 Bcf/d in November, while gas flaring eased.
Occidental Says Crownrock Deal Delayed by FTC Requests of 'Everything'
Occidental Petroleum on Thursday said a U.S. regulator's second request for information on the acquisition of shale producer CrownRock has pushed back the deal's closing date to second half this year.
Pipeline Operator TC Energy Beats Profit Estimates on High Gas Demand
North American pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, boosted by high demand for transporting natural gas.
Venture Global Seeks One-Year Permit Extension for Calcasieu Pass LNG Completion
Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing Thursday with the U.S. Federal Energy Regulatory Commission (FERC).
U.S. Regulators Approve Mexico Pacific LNG's Saguaro Connector Pipeline
U.S. energy regulators on Thursday approved a cross-border pipeline that would export about 2.8 billion cubic feet per day of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.
U.S. House Passes Bill to Reverse Biden's LNG Pause
A bill to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday but faces an uphill battle in the Senate.
Tellurian Secures Three-Year Permit Extension for Driftwood LNG Plant Construction
Cash-strapped Tellurian Inc. on Thursday won a three-year permit extension to complete construction of its Driftwood LNG export plant, a boost for the long-delayed liquefied natural gas project.
Spotlight on Mexico: Sierra Madre Pipeline Signals Nation’s Future
Mexico’s state of Chihuahua and the U.S. company Mexico Pacific have signed an agreement to construct the Sierra Madre Gas Pipeline (STGN). The pipeline will extend 155 miles (250 km) from the Waha Basin in Texas to the border at Chihuahua, then 497 miles (800 km) to Puerto Libertad in Sonora.
- 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
