Regions

Pipeline Fire Ignited by Gas Leak Leaves Five Injured in Ecuador

Ecuadorean state oil company Petroecuador said on Thursday five people were injured in a fire caused by a leak in a pipeline that carries gas to a refinery in the South American country's Amazon region.

Mexico In Talks with US Storage Providers to Set Up Gas Reserve

Mexico is in talks with U.S. storage providers to create a strategic gas reserve that could be used in emergencies, an official with the country's state power utility said, after a 2021 cold snap left businesses in northern Mexico without gas.

White House Asks Congress for $500 Million to Modernize Oil Reserve

The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows. The SPR oil is stored in hollowed-out, underground salt caverns that can shift and potentially require maintenance when petroleum is removed and replaced.

Green Groups Sue Louisiana Over Venture Global LNG Permit Exemption

Three environmental groups have sued the Louisiana Department of Natural Resources for exempting Venture Global LNG from needing an environmental permit to build a LNG terminal, the organizations said on Wednesday.

EIG Targets Australia's Origin to Build Global LNG Company

EIG, teaming with Brookfield Asset Management in a A$15.5 billion ($10.5 billion) bid to split Australia's Origin Energy, is looking to use the deal to help build a global LNG company, its boss said on Wednesday.

New Fortress to Sign Deal for Mexico's Lakach Gas Project Next Week

U.S. company New Fortress Energy expects to sign an agreement next week with the Mexican government for the development of a LNG project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday.

One Killed, Two Injured in Petronas-operated Pipeline Explosion in Malaysia

Malaysian state energy company Petronas reported a fire at the Sabah-Sarawak Gas Pipeline near Lawas on Wednesday afternoon, which the Borneo Post online said led to an explosion that killed one person and injured two others.

Williams, Sempra Enter Deal to Develop LNG, Pipeline Projects in Texas and Louisiana

(P&GJ) — Williams and Sempra plan to form a joint venture to own, expand and operate the Cameron Interstate Pipeline and the the Louisiana Connector Pipeline. The pipelines are expected to deliver gas to the proposed Cameron LNG site in Louisiana and the Port Arthur LNG facility in Texas.

UGI to Develop Fifth Renewable Natural Gas Project in Upstate New York

(P&GJ) — The project is expected to produce approximately 35 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system.

Trinidad Soon to Decide on Bids for Deepwater Gas Exploration Auction

Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said.

Germany Completes Construction of Wilhelmshaven Floating LNG Terminal

Germany on Tuesday completed construction of its first floating terminal for LNG at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas.

Oil Prices Settle Higher on Druzhba Oil Pipeline Disruption

Oil prices rose on Tuesday and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a fall in pressure. Russia's state-owned pipeline monopoly Transneft has been notified by Ukraine of the pipeline disruption, the RIA news agency quoted Transneft as saying on Tuesday.

US Natural Gas Futures Pare Gains on Texas Freeport LNG Delay Rumors

U.S. natural gas futures pared earlier gains on Monday from up over 8% to up just 3% on unconfirmed rumors that Freeport LNG delayed the restart of its liquefied natural gas export plant in Texas from November to December.

Poland Gains Control of Gazprom’s Local Gas Pipeline Assets

Poland will take over Gazprom's Polish assets, a minister said on Monday, adding the move concerned the Russian company's 48% stake in Europolgaz, which owns the Polish section of the Yamal gas pipeline.

NERC: Winter Power Resources May Be Tight in Parts of North America

The organization responsible for the reliability of the U.S. and Canadian power grids said on Wednesday that generation resources could be tight across a large portion of North America on the coldest days this winter.

Norway's Aker BP Wants "Price Floor" in European Gas Supply Deals

European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.

Canada, Nigeria Target Oil and Gas Methane Emissions with New Laws

Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector.

Portugal Seeks to Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion), the environment minister said on Thursday.

Argentina’s YPF Nearly Triples Q3 Profit on Upped Production, Prices

Argentina's national oil company YPF reported on Wednesday it nearly tripled its third-quarter net profit compared to the same period last year as production and prices rose.

Snam to Invest $3.8 Billion in Italy's Gas Network, Including Proposed Adriatic Pipeline

Snam will invest $3.76 billion in Italy's gas network - including the proposed Adriatic pipeline project - to improve transport facilities from the south to the north of the country and boost supply from Africa, it said on Thursday.

US Allows Transactions to Free Sanctioned Oil Tanker Stranded in Indonesia

The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline.

Alaska State Company Proposes Hydrogen Hub, Eyeing Federal Funds

"The Alaska Hydrogen Hub concept anticipates using $850 million in DOE funding along with $3.75 billion in private-sector funds, backed by offtake agreements from hydrogen customers in the U.S. and Asia," the Alaskan state-owned AGDC said.

Two New Natural Gas Reservoirs Discovered in Bahrain

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday.

UK to Announce US Gas Deal After Climate Change Summit

Britain hopes the United States will promise about 10 billion cubic meters of LNG over the coming year, the Telegraph newspaper reported, adding that discussions about the deal are in their final stages and an announcement could come in a week or two.

Stakeholder Midstream to Double Gas Capacity in Permian with Second Processing Train

(P&GJ) — Stakeholder Midstream LLC said on Oct. 26 that it reached a final investment decision on the installation of a second treating and processing train at its Campo Viejo facility. The installation of Train II will double the current inlet gas capacity from approximately 80 MMcf/d to approximately 160 MMcf/d.

Uganda Says First Oil in April 2025, Eyes China for Pipeline Funding

Uganda aims to start commercially pumping its oil reserves in April 2025, with China being considered as a potential source of funds to develop an export pipeline, Uganda's energy minister said on Tuesday.

Italy's Emilia Romagna Region Backs $1 Billion Floating LNG Project in Adriatic Sea

Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic Sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies.

Gas Producer Pampa to Invest $550 Million in Vaca Muerta Shale Push Next Year

Pampa Energía, the third largest gas producer in Argentina's Neuquén basin, will invest $550 million in 2023 to increase its unconventional production from the huge Vaca Muerta shale formation, the firm's president Marcelo Mindlin said.

Trinidad Asks US to Allow Venezuelan Gas Imports for LNG Plant

The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said.

Enbridge Approves $2.7 Billion Expansion of Southern B.C. Pipeline System

Enbridge Inc. on Friday sanctioned an expansion of the southern segment of its British Columbia (B.C.) pipeline system, a project that would cost up to $2.65 billion, after strong demand from crude oil producers.