Business & Markets
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion, Sources Say
ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma’s Anadarko Basin inherited from its $22.5 billion Marathon Oil acquisition. The assets could fetch over $1 billion as part of the company’s $2 billion divestment plan.
CenterPoint Finalizes Sale of 12,000 Miles of Gas Pipelines in Louisiana, Mississippi
CenterPoint Energy has completed the sale of its natural gas utilities in Louisiana and Mississippi to Bernhard Capital Partners. The transfer includes 12,000 miles of pipeline and 380,000 customers, with Delta Utilities assuming operations.
Argentina Sends First Vaca Muerta Gas to Brazil Through Bolivian Pipelines
Argentina has started exporting natural gas from its Vaca Muerta shale to Brazil via Bolivian pipelines, marking a new energy trade route in South America. The deal, involving TotalEnergies, Bolivia’s YPFB and Brazil’s Matrix Energia, could reshape regional gas supply dynamics.
Phillips 66 Finalizes $2.2 Billion EPIC NGL Deal, Adding 885 Miles of Pipeline
Phillips 66 has completed its $2.2 billion acquisition of EPIC NGL, adding 885 miles of pipeline and two fractionators to its midstream portfolio. The assets will boost capacity and strengthen its Permian-to-Gulf Coast connectivity.
U.S. to Rescind Biden-Era 7-Year Deadline on LNG Export Projects
The U.S. Department of Energy is rescinding a Biden-era policy requiring LNG projects to begin exports within seven years of approval. The move restores flexibility for developers like Energy Transfer and reflects growing industry pressure for regulatory reform.
Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
Texas Gas has launched an open season for its Borealis pipeline project, a 2 Bcf/d expansion connecting Marcellus and Utica supplies to key markets across the Midwest and Gulf Coast. The project leverages existing infrastructure to meet growing U.S. energy demand.
Gas Producers Warn Australia Opposition’s Export Plan Could Deepen Supply Shortfall
Shell, Chevron, and ExxonMobil executives warn that Australia's opposition gas export plan could worsen supply shortages and deter investment. The proposal would force producers to divert more gas to the domestic market, raising concerns ahead of the May 3 election.
Russia Shuts CPC Moorings, Cutting Kazakh Oil Exports Amid OPEC+ Quota Dispute
Russia has ordered the closure of two CPC moorings, cutting Kazakhstan’s oil export capacity and escalating tensions over OPEC+ production quotas. The disruption affects major producers Chevron and ExxonMobil, and could force output cuts if not resolved within days.
Argentina’s Allen-Punta Colorada Pipeline Well Underway
Argentina’s YPF has begun construction on the second section of the 272-mile Allen–Punta Colorada pipeline, part of the Vaca Muerta Sur project. The line will transport up to 700,000 bpd of crude oil for export, with SCADA systems, storage terminals, and offshore VLCC loading capacity.
Tokyo Gas Acquires Chevron Gas Assets Near LNG Corridor in East Texas for $525 Million
Tokyo Gas has acquired a 70% stake in East Texas gas assets from Chevron for $525 million, expanding its position in the Haynesville Shale. The move strengthens its access to Gulf Coast LNG infrastructure and supports its growing U.S. gas strategy.
Williams Adds 514 MMcf/d as Two Transco Expansions Enter Service in Southeast, Gulf Coast
Williams has placed two Transco pipeline expansion projects into service, adding 514 million cubic feet per day (MMcf/d) of natural gas capacity to meet growing demand in the Southeast and Gulf Coast regions.
Europe May Need $11 Billion in LNG to Refill Gas Storage
Europe may need up to 250 LNG cargoes costing $11 billion to refill gas storage ahead of winter, as colder weather, reduced pipeline flows, and Ukrainian supply needs drive demand. Analysts warn storage targets may not be met without market incentives.
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say
Brookfield Asset Management is nearing a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation network, for more than $9 billion including debt, sources say. A formal announcement could come within weeks.
U.S. Gas Prices Climb 5% Amid Record LNG Flows, Forecast Changes
U.S. natural gas prices rose 5% to a two-week high as record LNG exports and cooler forecasts boosted demand expectations. May futures climbed to $4.248 per MMBtu, with the U.S. maintaining its lead as the world’s top LNG supplier.
Fluxys Begins Construction on Belgium’s First Hydrogen Pipeline Network
Fluxys has begun construction on the first phase of Belgium’s hydrogen pipeline network, marking a key milestone in the country’s push toward a low-carbon economy.
WhiteHawk Energy Doubles Marcellus Gas Royalties with $118 Million Deal
WhiteHawk Energy has closed a $118 million acquisition that doubles its mineral and royalty interests across 475,000 gross unit acres in Pennsylvania’s Marcellus Shale.
India’s LPG Fleet Grows as BW LPG Sells Two Carriers for $150 Million
BW LPG Limited has signed a Memorandum of Agreement to sell two Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping.
Angry at Putin, Trump Warns of Tariffs on Russian Oil Imports
President Trump threatened secondary tariffs on Russian oil buyers if Moscow blocks efforts to end the war in Ukraine, expressing anger at Putin and warning of further trade penalties. The move could impact major importers like India and China.
Sempra to Sell Gas Assets in Mexico, Trim Infrastructure Stake
Sempra will sell its Ecogas Mexico business and a minority stake in Sempra Infrastructure to help fund a $56 billion capital plan focused on utility investments in Texas and California, with transactions expected over the next 12 to 18 months.
Spotlight on Africa: Constraints Hamper Progress of LNG Export Project Plan
Civil society opposition and tightening global climate finance policies are slowing Africa’s LNG export ambitions. From Mozambique to Nigeria, major projects face delays amid human rights concerns, investor scrutiny, and calls for stricter decarbonization efforts.
DOE Funding Cuts Could Derail Carbon Removal Projects in Texas, Louisiana
The U.S. Department of Energy is reviewing whether to cut funding to two major carbon removal hubs in Texas and Louisiana. The projects, launched under the Biden administration, could lose hundreds of millions in grants amid shifting policy priorities.
FERC Issues Preliminary Environmental Backing for Rio Grande LNG
The Federal Energy Regulatory Commission has issued a preliminary environmental report for NextDecade’s Rio Grande LNG project in Texas, following a court order to reassess community impacts. The public comment period runs through May 19.
BP Approves New Gas Project in Trinidad to Aid Atlantic LNG Output
BP has approved its Ginger gas development offshore Trinidad and Tobago, part of a renewed focus on natural gas to support the country’s Atlantic LNG facility. Production is expected to begin in 2027, with peak output reaching 62,000 barrels of oil equivalent per day.
U.S. Gas Firms Refocus on Haynesville as Trump Greenlights LNG Projects
Natural gas producers and investors are refocusing on Louisiana’s Haynesville Basin amid rising demand and new LNG export approvals under President Trump. With global buyers watching closely, the basin is drawing renewed drilling and infrastructure interest.
India May Scrap U.S. LNG Import Tax to Boost Trade, Sources Say
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.
China's Rongsheng Expands to Canada, Taps Suncor for Crude Supply
China's Rongsheng Petrochemical, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy, trade sources said.
Glenfarne Named Lead Developer of Alaska LNG, Targets FID on 807-Mile Pipeline
The move marks a major step forward for the long-planned pipeline and export terminal, with a final investment decision expected in 2025.
1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
Hope Gas’ proposal to abandon over 1,000 miles of pipeline across more than 20 West Virginia counties is drawing sharp criticism from local producers, who say the move could cut off access to critical infrastructure and threaten small well operations.
Baker Hughes to Provide Coiled-Tubing Drilling for Dubai Gas Storage Project
The agreement expands Baker Hughes' role in the Margham project. The company is already supplying its Integrated Compressor Line (ICL) units for gas storage, injection, and export.
Czechs to Phase Out Russian Oil as TAL Pipeline Expansion Goes Live
The Czech Republic will begin importing all crude oil through the expanded TAL pipeline starting in April, following the suspension of Russian supplies via the Druzhba pipeline. The move marks a key step in the country's energy independence from Russian oil.
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Diversified Energy Closes $42 Million Summit Natural Resources Acquisition
- New Alternatives for Noise Reduction in Gas Pipelines
- Colonial Pipeline's Main Gasoline Artery Shut for Leak Investigation Through Friday
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
