Regions

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.

UAE's ADNOC Boosts Lower-Carbon Budget to $23 Billion

The state-owned Abu Dhabi National Oil Company said on Monday it would allocate $23 billion for decarbonization and lower-carbon projects, up from a previous $15 billion target.

TotalEnergies Says Danish Tyra Gas Field Ready to Start in March

TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.

Spotlight on Germany: Nation’s Pipelines Nearing Major Changes

The pipelines’ sector of Germany is on the verge of major changes, due to the ongoing conversion to hydrogen and the rapid development of H2 and gas pipelines’ infrastructure throughout the country.

Ecuador in Talks to Transfer 301-Mile OCP Oil Pipeline, Assets, and Liabilities to State Control

Ecuador is holding talks to transfer a private oil pipeline operated by OCP, as well as its associated infrastructure, liabilities and assets, to state control, the government announced in a statement on Friday.

Shell Pipeline Leak Sparks Investigation by Nigeria's Oil Spills Agency

A pipeline owned by Shell's subsidiary in Nigeria has spilled crude oil in the Niger Delta following a leak, the country's spills agency and an environmental group said on Saturday.

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.

Qatar Set to Sign Cheaper Long-Term LNG Deal with India

Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts, trade sources said, as India seeks to meet a goal to increase the fuel's use.

Inpex Expedites $20 Billion Abadi LNG Project Development in Indonesia

Inpex Corp., Japan's top oil and gas explorer, is set to accelerate development of its $20 billion Abadi Indonesian LNG project, with the aim of starting operations as soon as late this decade, its CEO said on Thursday.

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.

INEOS Bio-HDPE Powers First Sustainable Gas Pipeline for GRDF in France

INEOS has introduced a bio-based high-density polyethylene (HDPE) that is used in the construction of the world's first fully sustainable gas pipeline. GRDF, the French gas utility network operator, installed this pipeline, relying solely on the low carbon footprint polymer.

Sinopec Unveils Massive 133 Bcm Certified Tight Gas Reserves in Sichuan Basin

China's Sinopec Corp. said on Wednesday that the Chinese government had recently certified 133 billion cubic meters of proven geological reserves of natural gas in its operation in southwest Sichuan basin.

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.

GasNet's 40,000-Mile Gas Pipeline Network Attracts CEZ and CVC for Final Bidding

CEZ and CVC Capital Partners are planning to place competing bids next week for Czech gas distribution network GasNet, which covers 80% of the country's gas distribution through a network of 40,000 miles of gas pipelines.

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.