Regions
Pemex Oil Production Drops as Lopez Obrador Exits Presidency
Pemex's crude oil production fell by 6% in August, marking a new low, as Mexico's outgoing president Lopez Obrador's energy goals fell short. Despite an increase in refined product output, Pemex continues to rely heavily on fuel imports, particularly gasoline and diesel.
Ground Work on Extension of Mayakan Pipeline Begins
The Federal Electricity Commission (CFE) and Engie Mexico began construction work after signing a new agreement at the end of March for the expansion of the Mayakan Gas Pipeline.
Profile of Regulations on Colorado County Points to Private Property Safeguards
Colorado is among the largest producers of oil and natural gas in the United States, and the bulk of the energy production in the Centennial State is found in one county: Weld County.
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
U.S. FTC Clears Chevron-Hess Deal, Bars John Hess From Board
The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp. on Monday, in an order that barred Hess CEO John Hess from Chevron's board.
New Fortress Exports Mexico's First LNG Cargo From $1 Billion Facility
U.S. energy infrastructure company New Fortress Energy on Monday shipped the first export of liquefied natural gas from Mexico, following the inauguration of output at its floating facility off the country's coast, the company said.
New AMPP Chair Stresses Enhancing Member Access to Standards
AMPP’s new chair, Kimberly-Joy Harris, brings over 30 years of expertise to the energy sector, specializing in leading and consulting on projects that enhance asset integrity and sustainability, efficiency and innovation.
French Pipeline Sector Moving Toward Hydrogen
France is actively developing its pipeline network, as part of ambitious state plans to turn the country into one of the largest natural gas and hydrogen hubs in Europe in years to come.
FERC Sides with Venture Global LNG on Equipment Issues as Contract Disputes Escalate
U.S. regulators have backed Venture Global LNG's efforts to address equipment issues at its Calcasieu Pass, Louisiana plant, which have prevented the company from fulfilling long-term LNG contracts for two years.
Exxon Board Member Gregory Goff Joins Elliott Group's Bid to Acquire Citgo Petroleum
Exxon board member Gregory Goff has joined Amber Energy, an Elliott-backed company, in a bid to acquire Citgo Petroleum through a U.S. court auction. The deal aims to resolve Venezuela’s debts, placing a $7.28 billion enterprise value on the Houston-based oil refiner.
ConocoPhillips Secures Court Approval to Seize Payments to Venezuela's PDVSA
The court's decision comes as part of ConocoPhillips' ongoing efforts to recover compensation after the expropriation of its assets by Venezuela. The ruling allows the company to target PDVSA assets linked to the joint Dragon Gas Field project.
EU, NATO Step Up Fight Against Sabotage of Gas Infrastructure
Safeguarding European energy and gas infrastructure against sabotage and cyberattacks will be one of the top priorities for NATO and the EU institutions over the coming years as the Nord Stream attacks have altered the energy security landscape for good.
TotalEnergies Buys More Gas Assets in Texas to Boost Value Chain
France's TotalEnergies expands its natural gas footprint in the United States through a deal reached with Lewis Energy Group to acquire a 45% stake in some dry gas producing assets in the Eagle Ford basin in Texas.
Mitsubishi Expands Stake in Major Malaysia LNG Project
Japanese trading house Mitsubishi said on Friday it would expand its ownership in a major liquefied natural gas project in Malaysia, acquiring 10% stakes in the Dua and Tiga units of the Malaysia LNG plant.
Australian LNG Producers May Need to Allocate More Gas to Domestic Market Amid Supply Shortages
Australian liquefied natural gas (LNG) producers may need to commit extra gas to the domestic market instead of exports due to a drop in the supply forecast for next year, the competition watchdog said on Friday.
India Refuses LNG Purchases from Sanctioned Russia's Arctic LNG 2 Project
India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.
Vivakor Finalizes $120 Million Acquisition of Endeavor Crude Transport Firms
The Endeavor entities collectively manage a large-scale oilfield trucking fleet, transporting crude oil and petroleum products across the U.S. They are also involved in blending, processing, and remediating hydrocarbons, with facilities linked to pipeline networks.
Natural Gas Producers Demand Harris’ Stance on Key Energy Issues in Battleground Pennsylvania
As the nation’s second-largest natural gas producer, Pennsylvania is crucial in the upcoming election, with energy policies on LNG and fracing poised to shape the battleground state’s economy. Harris’s approach remains unclear, leaving industry leaders concerned about the potential impact on jobs and energy costs.
FTC Bars Hess CEO from Chevron Board Seat in $53 Billion Deal, Sources Say
U.S. antitrust regulators will block Hess CEO John Hess from joining Chevron's board as a condition for approving Chevron's $53 billion acquisition of Hess, according to sources. This mirrors restrictions in other recent oil industry megamergers.
Petrobras to Reopen Offshore Well, Pumping Natural Gas for Brazil
Brazilian oil giant Petrobras is set to reopen a well in the Roncador field, aiming to boost natural gas production by 1.7 million cubic meters per day, supporting the country's energy needs.
China to Launch Guangdong LNG Terminal, Exxon Secures 20-Year Access
China's Guangdong Energy Group is set to begin commercial operations of its new $1 billion LNG terminal, with ExxonMobil securing 20 years of access to handle 1.8 million tons annually. The terminal will support ExxonMobil's chemical complex in Huizhou, starting operations in 2025.
Shell, Equinor, TotalEnergies Open Norwegian CO2 Storage Facility with 68-Mile Pipeline
Shell, Equinor, and TotalEnergies have completed a CO2 storage project in Norway that includes a 110-kilometer (68-mile) pipeline to transport carbon dioxide for permanent storage 2,600 meters below sea level. First deliveries are expected in 2025.
Validus Energy to Acquire Tulsa-Based Citizen Energy in $2 Billion Deal, Sources Say
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter.
Eni CEO Predicts Brent Oil to Rebound to $80 per Barrel by Year-End
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
EQT Plans to Reverse Some U.S. Natural Gas Production Curtailments in October, CEO Says
"Production curtailments will be a normal part of our strategy when prices are low," CEO Toby Rice said, noting the company has already curtailed about 1 billion cubic feet per day (Bcf/d) of production in the spring.
U.S. Sanctions Syrian, Iranian Entities for Shipping Oil to Syria and East Asia
The U.S. Department of Treasury has sanctioned more than a dozen entities and vessels over their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia on behalf of the Iran's Revolutionary Guards and Hezbollah.
EIA: U.S. Crude Stockpiles Plunge to 2.5-Year Low as Inventories Fall Across the Board
U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level in nearly 2-1/2 years.
Woodland Biofuels to Invest $1.35 Billion in Louisiana for RNG, Hydrogen Plant
Canadian renewable fuel company Woodland Biofuels announced on Tuesday an investment of $1.35 billion at the Port of South Louisiana to establish a renewable natural gas (RNG) plant and ultra-green hydrogen facility.
TotalEnergies Signs LNG Supply Deal with South Korea's Hyundai Chemical
The gas, which will supply one of Hyundai Chemical's industrial sites in South Korea, will be partly indexed to Brent crude prices and partly to Henry Hub, the U.S. natural gas benchmark price.
FTC Set to Greenlight Chevron's $53 Billion Buy of Oil Rival Hess, Sources Say
The U.S. Federal Trade Commission is expected to greenlight Chevron’s $53 billion acquisition of Hess this week, according to sources. While FTC approval is near, Exxon Mobil’s legal challenge over Hess’s Guyana assets remains a key hurdle, with a decision expected by mid-2025.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
