Natural Gas
Howard Energy Partners Completes $800 Million in 2023 Growth Projects, Achieves Record Volumes
(P&GJ) — Howard Energy Partners completed $800 million in 2023 growth projects, including new pipelines and facilities in key U.S. oil and gas basins, along with storage and logistics for renewable diesel on the Texas Gulf Coast.
BP's Olympic Pipeline Leaks Over 25,000 Gallons of Gas in Washington State
(P&GJ) — Emergency teams worked to address a gasoline spill in northwest Washington State on Dec. 12 after a pipeline segment failed over the weekend that released approximately 25,660 gallons (97,100 liters) of gasoline due to a small tube malfunction.
NIPSCO Completes $180 Million Gas Pipeline Extension in Kokomo, Indiana
(P&GJ) — NIPSCO has announced the completion of the installation of nearly 19 miles of new 24-inch steel gas pipeline. This pipeline will service the new battery plant in Kokomo, Indiana, providing a safe and reliable source of natural gas for the future.
EIA Forecasts 20 Bcf/d Boost for U.S. LNG Export Terminals with New Pipelines
More than 20.0 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. LNG export terminals that are currently under construction, according to the EIA.
WoodMac: M&A Deals in Permian Basin Exceed $100 Billion in 2023
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multibillion-dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.
LNG Developer Tellurian Names New President as Shakeup Continues
Tellurian said on Monday it appointed a new president and general counsel, days after the U.S. liquefied natural gas (LNG) developer ousted co-founder Charif Souki as chairman.
TC Energy's Coastal GasLink Seeks $737 Million from Contractor Over Project Delays
Coastal GasLink, a Canadian natural gas pipeline partnership operated by TC Energy, is seeking C$1.2 billion ($737 million) from one of its main contractors for construction delays and may be liable for a similar amount if an arbitrator rules against it, court documents showed ahead of a hearing this month.
Occidental Petroleum to Acquire Permian Oil, Gas Producer CrownRock for $12 Billion
Occidental Petroleum said on Monday it would buy Permian basin-focused energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. oilfield.
Serbia Launches Gas Pipeline Interconnector with Bulgaria, Diversifying Supplies
Serbia on Sunday completed the interconnector to a pipeline in Bulgaria, which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.
Venezuela Urges BP, Chevron, and Shell to Revive Offshore Gas Project Amid Territorial Dispute
The request to act on blocks that have not been touched in more than a decade comes amid an escalating territorial dispute with Guyana that has rattled the country and led to an emergency meeting of the United Nations Security Council.
Sources: Endeavor Energy Explores Sale for as Much as $30 Billion
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter.
Shell Plans $1 Billion Investment to Boost Natural Gas Output in Nigeria
Shell Plc sees a $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said on Thursday, citing Shell's director of upstream operations.
Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets
Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.
DT Midstream Reaches Early Mechanical Completion of LEAP Phase 2 Expansion
(P&GJ) — DT Midstream Inc. has reached early mechanical completion of its Phase 2 LEAP Gathering Lateral Pipeline expansion. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024.
EIA: Continental U.S. Kicks Off Winter with Most Natural Gas in Storage Since 2020
The continental United States entered the winter heating season with the most natural gas in storage since 2020, the U.S. Energy Information Administration (EIA) said on Thursday.
Woodside in Talks with Santos to Form $52 Billion Australian Gas Giant
Australia's Woodside Energy and Santos said they were in preliminary talks on Thursday to create a $52 billion global oil and gas giant as consolidation among international energy firms intensifies.
FTC Issues Second Information Request on Exxon's $60 Billion Takeover of Pioneer
The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources and Exxon Mobil a second request for more information on their $60 billion takeover deal, Pioneer said on Tuesday.
Republican States Challenge EPA's Pipeline Veto Power Expansion in Federal Lawsuit
A group of 11 Republican-led states and energy industry groups have challenged a U.S. Environmental Protection Agency rule that bolsters state and tribal veto power over pipelines and other major infrastructure projects that might pollute rivers and streams.
Trans Mountain Pipeline Expansion Faces Further Delays, Posing Financial Challenges for Canadian Oil Producers
Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia.
China Introduces Simplified Regional Pricing System for Natural Gas Transportation
China will simplify freight rates on its natural gas pipeline network by introducing a "one area, one price" system across four broad areas of the country, according to a document released by the state planner on Tuesday.
Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand
Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.
LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
Altivia Chemical was working to contain a toxic gas leak from its LaPorte, Texas, plant on Monday, as the city's emergency management agency ordered some nearby residents and five neighboring facilities to shelter in place out of caution.
Guyana Moving Toward New Offshore Gas Pipeline in Liza Offshore Fields
(P&GJ) — With the Gas To Energy project, the government of Guyana will — for the first time — produce energy using the associated natural gas produced in the Liza offshore fields of the Stabroek Block.
Revenues of Russia's Top Oil and Gas Producers Fall 41% in First 9 Months of 2023
The revenues of Russia's largest oil and natural gas producers dropped by 41% in the first nine months of the year, the central bank said in its financial stability review, as export volumes and prices declined.
Investors Flock to U.S. Natural Gas ETF Despite Price Slump
Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity's dismal performance in 2023.
Mountain Valley Pipeline Owner Equitrans Considering Asset Sale
While there is no certainty that the company would decide to proceed with the sale, it would likely attract interest if it were to launch a sale process in early 2024, coinciding with the expected completion of the Mountain Valley pipeline.
U.S. Refiner Phillips 66 Retains Big-Name Advisers for Elliott Duel
U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.
Williams Becomes Third Largest DJ Basin Gatherer with Cureton Front Range, RMM Acquisitions
(PGJ) — Williams secures the third-largest DJ Basin gathering position by acquiring Cureton Front Range LLC, including gas gathering pipelines and two processing plants, and 100% ownership in Rocky Mountain Midstream Holdings LLC.
Global News December 2023
Latest industry developments from around the world!
Drones Used to Improve Safety of Pipelines
(P&GJ) — There’s no way around it — infrastructure inspection is as risky and dangerous as it is vital. For the past few years, companies have begun experimenting with unmanned aerial systems (known as UAS, or drones) to help improve worker safety, among other benefits.
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Pipeline Hydro Test Pressure Determination
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Japan Looks at Developing Domestic Pipelines Sector
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
