North America
EIA: US Regains Crown as World's Largest LNG Exporter
The U.S. regained its crown as the world's largest exporter of LNG in the first six months of this year, according to the U.S. Energy Information Agency (EIA).
South Dakota Denies Permit for Summit Carbon Solutions' 495-Mile CO2 Pipeline Segment
South Dakota's Public Utilities Commission on Monday denied a permit application from Iowa-based Summit Carbon Solutions to build 495 miles (796 km) of pipeline through the state to transport captured carbon dioxide from ethanol plants to an underground storage site.
Diamondback Energy, Five Point Form Water-Focused JV Deep Blue in Midland Basin
(P&GJ) — Diamondback Energy Inc. and Five Point Energy LLC have partnered to form a new joint venture entity, Deep Blue Midland Basin LLC. The joint venture’s water infrastructure network comprises over 800 miles of pipelines for gathering, transport, disposal and reuse.
Freeport LNG Feedgas Flows Drop Sharply, Raising Supply Concerns
Feedgas flows to Freeport LNG, the second-largest U.S. LNG exporter, dropped sharply over the weekend and were still down for the third day in a row on Monday, LSEG data showed.
Tellurian Drops Equity-Ownership Condition for Driftwood LNG Project
Tellurian Inc. will sell LNG supplies to non-equity holders to bring its long-delayed Driftwood LNG project to fruition, Chairman Charif Souki said this week. The company plans to offer up to 11 million of its 27.6 MTPA output under offtake agreements to get Driftwood across the finish line.
US Army Corps Holds Off Endorsing Energy Transfer’s Dakota Access Oil Pipeline Alternative
On Friday, the U.S. Army Corps of Engineers released a draft environmental impact statement (EIS) for Energy Transfer's Dakota Access oil pipeline. The statement evaluated five alternatives, including options like abandoning or rerouting the pipeline, but it did not make any recommendations.
South Dakota Rejects CO2 Pipeline Permit; North Dakota Project Seeks Reconsideration
(P&GJ) — In a recent development, South Dakota regulators have denied a construction permit for a carbon dioxide pipeline project. This decision closely follows a similar rejection by a North Dakota panel regarding another company's project.
Natural Gas Firm Peyto to Buy Repsol's Canada Unit for $468 Million
Canadian natural gas firm Peyto Exploration & Development has agreed to buy Spanish energy company Repsol's assets in Canada for $468 million, the two companies said in separate statements.
Williams CEO Not Interested in Acquisition of Utility Companies
U.S. energy firm Williams Companies is not interested in three utilities recently bought by Canada's pipeline operator Enbridge as the return rate would be too low, CEO Alan Armstrong said on Wednesday.
Japan's Inpex Interested in Buying US LNG Linked to Henry Hub Prices, CEO Says
Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices, CEO Takayuki Ueda told Reuters on Wednesday.
Pipeline Operator Enbridge Bets Big on US Gas with $14 Billion Bid for Dominion Utilities
Enbridge will buy three utilities from Dominion Energy for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business.
Tellurian, Baker Hughes Collaborate on Driftwood LNG Phase 1 Equipment for 2027 Production
(P&GJ) — Tellurian Inc. and Baker Hughes have entered an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.
Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.
Western Midstream to Acquire Meritage, Adding 1,500 Miles of Gas Pipelines in Powder River Basin
(P&GJ) — Western Midstream Partners LP is set to acquire Meritage Midstream Services II LLC in an all-cash transaction valued at $885 million. The assets include approximately 1,500 miles of natural gas gathering pipelines and 380 MMcf/d processing capacity, situated in Converse, Campbell, and Johnson counties, Wyoming.
Kingston Midstream to Acquire Rangeland Midstream’s Marten Hills Pipeline System
(P&GJ) — Midstream assets included in the transaction consist of the Marten Hills Pipeline System, comprised of crude oil and condensate pipelines, both 82 kilometers (51 miles) in length, and related assets serving the core of the Marten Hills region of north central Alberta in the prolific Clearwater play.
Canada Oil Sands Carbon Capture Project Struggles to Get Key Contract
Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta's oil sands.
Shell, Trinidad Weigh Venezuela's Natural Gas Investment Demands
Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said.
Venture Global and Baker Hughes Expand LNG Equipment Supply Agreement
(P&GJ) — Venture Global LNG has announced a significant expansion plan to boost its LNG production capacity from 70 million tonnes per annum (MTPA) to over 100 MTPA of LNG export capacity.
Black & Veatch Expects Floating LNG Capacity to More Than Quadruple by 2030
U.S.-based engineering and construction group Black & Veatch (B&V) said on Monday it expects global floating LNG capacity to increase more than four-fold to 46.4 million metric tons per annum (MTPA) by 2030, as they have become competitive with fixed terminals for smaller fields.
MET Group Inks 20-Year LNG Supply Deal with Commonwealth LNG
Switzerland-based energy trader MET Group said on Monday it has signed a preliminary agreement with Commonwealth LNG to buy liquefied natural gas (LNG) from the U.S. company's facility currently under development in Cameron, Louisiana.
EIA Says Depleting US Crude Inventories Lift Oil Prices
U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a sense the market is tightening and driving a recovery in spot prices and calendar spreads.
Newfoundland Selects Multiple Wind Farm Projects to Power Hydrogen Plants
Canada's gusty Atlantic province of Newfoundland and Labrador selected four companies on Wednesday to develop wind farms to supply power for new hydrogen plants, conditional on further approvals.
Aliso Canyon to Store More Gas to Prevent Winter Price Spikes
California's utilities regulator on Thursday raised the inventory level of Aliso Canyon natural gas storage to prevent price spikes seen last winter, while seeking to wean the state off the facility that in 2015 caused the biggest gas leak in U.S. history.
Kinder Morgan Says Idalia Caused Minimal Damage to Florida Terminals
Kinder Morgan on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston area terminals later in the day.
Canada's Altagas to Buy Natural Gas Assets from Tidewater for $480 Million
Canada's Altagas has agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure for $650 million, the companies said on Thursday.
DT Midstream Successfully Completes Phase 1 LEAP Expansion Ahead of Schedule
(P&GJ) — DT Midstream Inc. has announced the successful early commissioning of its LEAP phase 1 expansion, increasing capacity from 1.0 Bcf/d to 1.3 Bcf/d, surpassing its planned Q4 2023 in-service date and staying within budget.
Trans Mountain Pipeline Expansion Faces Further Delays Over Route Change Dispute
Trans Mountain Corp. fears that the expansion of its Canadian oil pipeline may be delayed further unless a regulator allows it to change its route in British Columbia, according to a First Nation that opposes the route adjustment.
Kinder Morgan Prepares to Close Florida Pipeline System Ahead of Hurricane Idalia
U.S. oil producer Chevron on Tuesday said it evacuated staff from three U.S. Gulf of Mexico oil production platforms while Kinder Morgan planned to shut its Central Florida Pipeline system, as the energy companies braced for Hurricane Idalia.
US LNG Projects Win Higher Processing Fees as Interest Rates Climb
Long-term buyers of U.S. LNG are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter.
Report: Permian Basin Boosts US Economy with $181.8 Billion GDP, Nearly 786,000 Jobs
The Permian Basin's economic impact continues to gain momentum, bringing promising news for Texas, New Mexico and the entire nation. According to the latest report by the Permian Strategic Partnership (PSP), the Permian Basin had a record year for tax revenue collected from the oil and gas industry.
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
