Regions
Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations.
Oilfield Firm Baker Hughes Beats Profit Estimates on International Demand, LNG Bets
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.
Japan's 2023 Preliminary LNG Imports Down 8% to Lowest in 14 Years
Japan's LNG imports fell by 8% to 66.2 million metric tons last year to the lowest since 2009, preliminary data from the Ministry of Finance showed, following nuclear power restarts and increased use of renewable energy.
Canada Regulators Face Activist Ire for Trans Mountain Variance Approval
Environmental activists say the CER's conditions around the materials Trans Mountain can use to build the smaller section of pipe are too lenient. However, there is little they can do at this stage to block the approval.
BP Sees Trinidad Deepwater Gas Project Getting Greenlight by 2025
BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.
Petronas Seeks Fiscal Incentives to Develop Suriname Gas Project
Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas in the South American country.
Ust-Luga Port in Russia Continues Crude, Fuel Exports Despite Novatek Terminal Closure
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek's terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources.
Energy Transfer Does Not Expect Shutdown of Dakota Access Oil Pipeline
Energy Transfer does not expect the U.S. Army Corps of Engineers to shut down the Dakota Access oil pipeline (DAPL) after a long-pending environmental review of a section that runs under a lake and is opposed by nearby Native American tribes.
Trinidad in Talks with Europe to Supply Venezuelan LNG
Trinidad and Tobago has begun talks with some European countries on the supply of LNG produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.
Saudi's SABIC Gives Go-Ahead for $6.4 Billion Petrochemical Plant in China
Saudi Basic Industries Corp. (SABIC) will go ahead with building a petrochemical complex in southeastern China's Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world's top oil importer.
Gasunie Initiates 746-Mile Hydrogen Network Construction in the Netherlands
Gasunie has initiated the construction of a national hydrogen network in the Netherlands. This $1.6 billion project, commissioned by the Dutch government, aims to establish a comprehensive hydrogen infrastructure covering 1,200 kilometers (746 miles).
Enterprise Products Partners to Receive Sea Port Oil Terminal License in Q1 2024
Enterprise Products Partners expects to receive an export license for its Sea Port Oil Terminal (SPOT) in the first quarter of 2024 versus by the end of 2023, as previously expected, a company executive said on Monday.
Sunoco to Acquire NuStar Energy in $7.3 Billion Deal for Midstream Expansion
The deal, which has been approved by both the boards, will give Sunoco access to NuStar's transportation and storage facilities, including a portfolio of about 9,500 miles of pipeline and 63 terminals.
Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines
(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.
What's New January 2024
Sherwin-Williams, PCE Instruments, NDT Global, McElroy and more!
Projects January 2024
Wolf Carbon withdraws pipeline application in Illinois; Canadian oil, gas producers plan to drill 8% more wells in 2024; TC Energy receives FERC approval for Virginia Reliability Project; and more!
Pipelines Unhappy with Clean Water Act Final Rule
The new Clean Water Act (CWA) final rule from the Environmental Protection Agency (EPA) potentially complicates efforts by pipeline builders (and other infrastructure sectors) to get construction approval from states and tribes.
CorEnergy Completes $175 Million Sale of MoGas, Omega Pipeline Systems to Spire
CorEnergy Infrastructure Trust Inc. has successfully closed the sale of its MoGas and Omega pipeline systems to Spire Midstream for $175 million.
U.S. Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve
The United States bought 3.2 million barrels of oil for the Strategic Petroleum Reserve, as it continues to slowly replenish the stash after selling a record amount following Russia's invasion of Ukraine in 2022, a Department of Energy document showed on Friday.
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.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- 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
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
