Business & Markets
Mexico's Pemex Reports Leaks on Oil Pipeline Supplying Dos Bocas Terminal
Pemex reported and addressed leaks on an oil pipeline transporting crude from its Akal-C platform to the Dos Bocas terminal in Tabasco, Mexico, with cleanup underway and operations set to resume.
Freedom CNG Acquires X3CNG, Lancer Energy to Expand Western RNG Footprint
Freedom CNG expanded its Western U.S. renewable fuel network with the acquisitions of Colorado-based X3CNG and Utah-based Lancer Energy, enhancing its CNG and RNG fueling capabilities.
Global Energy Exports Slide as Trade Risks Weigh on Oil and Fuel Demand
Global oil, LNG and fuel exports slowed in early 2025 as rising trade tensions and tariffs disrupt flows, pressuring demand across major import markets and raising risks for energy exporters.
Romania's OMV Petrom Strikes Deal to Supply Quarter of Moldova’s Gas Demand
OMV Petrom signed a deal to supply 25% of Moldova’s annual gas needs starting in 2027, strengthening Moldova’s energy security as the country moves away from Russian gas dependency.
LNG Exporters Fight Trump Rule Mandating U.S.-Built Tankers
LNG exporters are pushing back against a Trump administration rule requiring U.S.-built tankers for LNG shipments, warning the mandate could disrupt exports amid limited shipbuilding capacity.
Uruguay’s Ancap to Launch Natural Hydrogen Bid Round by Year-End
Uruguay’s Ancap plans to launch a bidding round for natural hydrogen exploration and development by year-end, with offers expected in 2026, while also eyeing a future carbon capture bid round.
Enbridge, I Squared, MPLX to Acquire Up to 85% Stake in Matterhorn Gas Pipeline
I Squared, Enbridge and MPLX have agreed to acquire up to 85% interest in the Matterhorn Express gas pipeline, which carries Permian Basin gas to Houston, marking a major midstream infrastructure deal.
Energy Transfer Nears FID on Lake Charles LNG Project After Signing Buyer
Energy Transfer moved closer to sanctioning its Lake Charles LNG export project after securing a key Japanese buyer, boosting committed sales to 10.5 MTPA as it targets a final investment decision by year-end.
TurkStream Gas Pipeline Could Slow EU, Russia Decoupling
TurkStream pipeline gas flows are rising, posing a challenge to the EU’s roadmap to phase out Russian gas by 2027. Southeast Europe’s growing reliance on the pipeline risks undermining European energy diversification efforts.
U.S. Natural Gas Prices Rise 4% as Freeport LNG Restarts, Production Falls
U.S. natural gas prices rose 4% after Freeport LNG restarted operations and production fell, tightening supply amid spring maintenance and lower output. Analysts expect mild weather to ease demand while LNG exports remain steady.
Tidewater Midstream to Acquire Segment of Pembina's Western Pipeline System
Tidewater Midstream is acquiring a segment of Pembina Pipeline's 234-mile Western pipeline system in British Columbia, Tidewater announced on May 6. The deal secures long-term access to crude for the Prince George Refinery and is expected to close by September.
Nigeria’s Renaissance Halts Oil Production After Pipeline Spill
Nigeria’s Renaissance Africa Energy has halted oil production after a spill on the Okordia-Rumuekpe pipeline, with initial reports citing possible vandalism in the oil-rich Niger Delta.
Saudi Arabia Can Control Oil Supply, But Demand May Be Its Achilles’ Heel
Saudi Arabia is flexing its oil supply control, but weakening global demand could undermine its strategy and pose challenges.
LNG Canada Readies for First Production in June After Plant Cooldown
LNG Canada has completed cooldown at its Kitimat facility and is preparing to produce first LNG in June, marking a milestone as Canada’s first LNG export terminal nears operations.
Williams CEO Alan Armstrong Moving to Executive Chairman Role; Zamarin Named New CEO
Williams announced a leadership transition, with CEO Alan Armstrong moving to Executive Chairman and Chad Zamarin named as the company’s new CEO, effective July 1, 2025.
TotalEnergies Files for $16 Billion Green Hydrogen, Ammonia Hub in Chile
TotalEnergies has filed for environmental approval of a $16 billion green hydrogen and ammonia project in Chile, which includes wind power, electrolysis, desalination, and maritime export infrastructure.
Bukit Asam Advances $3.1 Billion Coal-to-Synthetic Gas Project in Indonesia
Indonesia’s Bukit Asam plans a $3.1 billion plant to convert low-grade coal into synthetic natural gas, aiming to boost domestic gas supply and compete with LNG imports.
Commonwealth LNG Signs 20-Year Deal for Louisiana Project with Major Asian Buyer
Commonwealth LNG signed a 20-year supply agreement with a major Asian buyer for 1 million tonnes per annum from its planned Louisiana export project, marking a key milestone ahead of final investment decision.
SiEnergy to Acquire EPCOR’s Texas Gas Operations, 353 Miles of Pipeline for $60 Million
SiEnergy will acquire EPCOR’s Texas natural gas utility for $60 million, expanding its footprint near Houston with 6,900 metered connections and 353 miles of pipeline across 12 communities.
Archrock Completes $357 Million NGCS Acquisition, Expands Permian Compression Fleet
Archrock has completed its $357 million acquisition of NGCS, adding 351,000 horsepower to its fleet and expanding Permian Basin operations as demand for compression services grows.
Sunoco to Acquire Parkland in $9 Billion Deal as Americas Fuel Market Consolidates
Sunoco will acquire Parkland Corporation in a $9.1 billion cash and equity deal, expanding its North American fuel network and maintaining Canadian operations, the companies announced.
Enbridge Line 5 Tunnel Permit Decision Expected This Fall
Enbridge’s Line 5 tunnel project is advancing toward a key milestone, with the U.S. Army Corps of Engineers targeting a fall decision on the project’s permit following a public comment period set for late May.
I Squared in Talks to Acquire Majority Stake in Permian-to-Houston Matterhorn Pipeline
I Squared Capital is reportedly in talks to acquire a majority stake in the Matterhorn Express pipeline, a key Permian-to-Houston natural gas route with 2.5 Bcf/d capacity. The $5 billion deal would mark a major ownership shift for the recently completed pipeline.
EU Considers Ban on New Russian Gas Contracts, Eyes Exit Options for Existing Deals
The European Commission is considering legal measures to forbid new Russian gas contracts and allow EU firms to exit existing deals without penalties, as part of efforts to further reduce reliance on Russian energy.
Arbitrage Reopens: U.S. LNG Diverted from Europe to Asia in Global Market Shift
Several U.S. LNG cargoes originally bound for Europe have been redirected to Asia as a reopened arbitrage window and falling European prices shift global trade flows. Analysts say the move highlights growing competition between Atlantic and Pacific markets heading into summer.
TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
TC Energy approved its $900 million Northwoods expansion project to add 0.4 Bcf/d of natural gas capacity in the U.S. Midwest by 2029. The project will meet growing demand from power generation and data centers and is backed by a 20-year contract.
Golar LNG to Supply Second Vessel as Argentina Ramps Up Floating LNG Project
Argentina's Southern Energy Project said on Friday it has agreed to a contract with Golar LNG for a second liquefaction vessel with a capacity of 3.5 million metric tons of LNG per year, which is expected to arrive in the country in 2028.
INGAA President Urges Congress to Reform Permitting Rules for Natural Gas Pipelines
INGAA President Amy Andryszak urged Congress to reform permitting laws that are delaying natural gas pipeline projects, citing growing energy demand and challenges posed by duplicative reviews and litigation.
Venezuela Oil Exports Drop 20% as Chevron Cargoes Canceled Over Sanctions Dispute
Venezuela's oil exports dropped 20% in April after state-run PDVSA canceled Chevron cargoes over sanctions-related payment issues, leaving ports idle and shipments returning.
BKV, Comstock Partner to Develop Carbon Capture Projects at Texas Gas Plants
BKV Corp. and Comstock Resources will partner to develop carbon capture projects at Texas gas processing plants, aiming to permanently store CO2 and advance low-carbon natural gas production.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
