Natural Gas

Putin Suggests Potential for Oil Pipeline Alongside Planned Gas Link to China

Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on Friday.

Crescent Energy Acquires SilverBow for $2.1 Billion, Creating Second Largest Eagle Ford Operator

Oil and gas producer Crescent Energy will acquire rival SilverBow Resources in a $2.1 billion deal, creating the second-largest operator in the Eagle Ford basin in Texas.

Report Highlights Challenges in Attracting Talent to Oil and Gas Sector

The oil and gas sector is at risk of failing to deliver the 28,000 skilled engineering construction workers needed by 2030 — unless it better understands what motivates new entrants, according to a report out today.

Global News May 2024

Latest industry developments from around the world!

Editor’s Notebook: M&A Appears Here to Stay

It appears likely that the wave of midstream merger-and-acquisition activity of the past few years hasn’t reached its peak yet. In fact, to hear some insiders tell it, a full-on tsunami may not be far away.

IEA Faces Overhaul Under Second Trump Term, Aimed at Boosting Fossil Fuels

Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.

Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid

The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.

TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline

The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.

Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025

A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.

Linde Doubles Capacity at La Porte Facility to Meet Rising Demand for Industrial Gases in U.S. Gulf Coast

This expansion of Linde’s production capacity will enable the company to meet growing demand for industrial gases in the U.S. Gulf Coast across an array of end markets.

Clean Energy, Maas Energy Partner to Build Nine RNG Dairy Facilities Across Seven States

Clean Energy Fuels Corp. and Maas Energy Works have announced a new joint development agreement to build nine renewable natural gas (RNG) production facilities at dairy farms across seven states.

Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger

U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.

Slovakia Paves the Way for Gas Imports from Azerbaijan via Ukraine

Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.

LM Energy Expands New Mexico Gas Gathering System, Boosts Capacity to 500 MMcf/d

The new high-pressure pipeline will provide over 300 MMcf/d of critical delivery capacity out of New Mexico's North Carlsbad area. Upon completion, LM’s systems will consist of 150 miles of gas gathering pipelines with a total capacity of approximately 500 MMcf/d.

Mountain Valley Pipeline Repairs Leak, Proceeds with West Virginia-Virginia Gas Line Testing

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service.

U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25

U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.

Enbridge Gas Invites Bids for Peak Storage at Dawn Hub

Enbridge Gas has announced a binding open season for peak storage services at the Dawn Hub storage facility, with service starting as early as April 1, 2025.

Paraguay Pursues $1.5 Billion Gas Pipeline Linking Argentina and Brazil

Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, sources told Reuters.

Occidental Petroleum Aims to Close CrownRock Deal by August

Occidental Petroleum hopes to close its acquisition of shale oil producer CrownRock before its second-quarter earnings call, CEO Vicki Hollub said on Wednesday, a date that typically falls in August.

Canadian Utilities Unveils $1.5 Billion Alberta Gas Pipeline Project

The company, majority-owned by ATCO, said the Yellowhead Mainline project would include 124 miles of pipeline and related control and compression facilities that will run from Peers, Alberta, to Edmonton.

Crescent Point Unloads Assets in $600 Million Deal with Saturn Oil & Gas

Crescent Point Energy Corp. has finalized an agreement with Saturn Oil & Gas Inc. to offload specific non-core assets in Saskatchewan, Canada, for $600 million in cash.

Vinland Energy Sells Appalachia Assets to Dara Energy in Production Expansion Deal

Dara Energy, a production focused company, announced it has closed an agreement to acquire oil and gas assets in Kentucky, Tennessee, and Texas from Vinland Energy.

Centurion Group Sells Centurion Canada Infrastructure to Hillcore Group

Centurion Group, a global leader in specialist rental equipment and services, has finalized the sale of its legacy construction business, Centurion Canada Infrastructure, to the Hillcore Group.

Exxon, Chevron CEOs Call for Clarity on U.S. Clean Energy Subsidies

Top executives at U.S. oil giants ExxonMobil and Chevron Corp. said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change.

Williams Scraps Northeast Pipeline Project While Pennsylvania Gas Transport Plan Advances

Williams ambitious natural gas pipeline project, aimed at crossing New Jersey and extending under two bays to New York, has met its demise. Concurrently, another initiative involving the transportation of LNG from Pennsylvania via tanker truck is progressing.

Williams Foresees Victory in Energy Transfer Dispute Over Louisiana Gas Pipeline

U.S. energy firm Williams Cos said on Tuesday it still expects to overcome a pipeline dispute with rival Energy Transfer and complete its Louisiana Energy Gateway natural gas project in the second half of 2025.

Pipeline Operator Williams Beats First-Quarter Profit Estimates on Favorable Acquisitions

Williams Companies beat first-quarter profit estimates on Monday, as the pipeline operator benefited from increased rates and favorable contributions from acquisitions.

Pipeline Safety Improves Over Five Years, Focuses on Community Engagement and Low-Carbon Solutions

Despite increases in pipeline mileage and the volume of barrels transported, the American Petroleum Institute's recent report reveals that pipeline safety has seen improvement across various key metrics over the past five years.

TC Energy's Keystone Pipeline Shines in Q1, Achieving Record Operational Reliability

Total earnings from TC Energy's pipeline segments came in at $1.66 billion, primarily driven by the Keystone pipeline, which achieved 96% "operational reliability", TC Energy said.

Iran, Pakistan Seek Ways to Complete Long-Delayed 1,180-Mile Gas Pipeline Project

Iran and Pakistan are looking at ways to complete the long-delayed gas pipeline project between the two countries, Iran's Consul General to Pakistan, Hassan Nourian, said on Monday.