Business & Markets
CF Energy to Build Natural Gas Pipeline for Xinhui Daze Project
The pipeline will supply natural gas to the Xinhui Daze gas thermal power project in Daze, Xinhui, Jiangmen, Guangdong.
Natural Gas Proves Essential as U.S. Wind Power Drops, Says Maguire
Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace.
Libya's NOC Denies Crude Oil Supply Talks with Nigeria
Libya's National Oil on Sunday denied holding negotiations to supply crude oil to a refinery in Nigeria.
Hedge Funds Increase Bid for Martin Midstream Takeover
Hedge funds Nut Tree Capital Management and Caspian Capital have made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners.
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet of natural gas, LSEG data showed.
U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
ExxonMobil will supply 3.9 million barrels of the contract, while Macquarie Commodities Trading US LLC will supply the rest, the DOE said.
Occidental Sells Delaware Basin Assets to Permian Resources for $818 Million
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.
Vital Energy, Northern Oil and Gas Acquire Point Energy Shale Assets for $1.1 Billion
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion.
Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
Puerto Bahia, and Gasco have entered into an agreement to develop a liquified petroleum gas project at Puerto Bahia's port terminal in the Bay of Cartagena, Colombia. The project is expected to be operational by 2027.
Motiva's Texas FCC to Restart After Shutdown for Leak Repair
Motiva Enterprises plans to begin restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000-barrel-per-day Port Arthur, Texas.
Canada to Delay Trans Mountain Pipeline Sale Until After 2025 Election: Bloomberg
The country's government bought the $25 billion Trans Mountain expansion project in 2018 to ensure construction went ahead, with plans to divest it once operations began.
Lukoil Increases Seaborne Oil Exports as Druzhba Pipeline Suspended
Lukoil, Russia's largest private oil company, has ramped up oil exports via the country's sea ports as its supplies via the Druzhba pipeline route to Europe are currently suspended.
Pieridae Energy Halts Production Due to Low Natural Gas Prices
Pieridae Energy said it has shut-in the production of about 6,250 barrels of oil equivalent per day that flows to a third-party owned and operated facility, in response to low natural gas prices.
ExxonMobil and CF Industries Ink Carbon Capture Deal
Energy major ExxonMobil has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries.
Turkey to Sign Long-Term LNG Contracts for 2027-2037, Minister Says
Turkey is set to finalize long-term contracts for liquefied natural gas (LNG) to cover the 2027-2037 period, Energy Minister Alparslan Bayraktar said on Friday.
Italy to Unveil Hydrogen Corridor Plan This Autumn, May Include Switzerland
The so-called SouthH2 Corridor would connect North Africa, Italy, Austria and Germany, allowing renewable hydrogen produced in the Southern Mediterranean to reach European industries.
Citi Warns Trump Presidency Could Drive Oil Prices Lower
A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies and pushing OPEC+ to release more oil into the market, Citi said in a research note on Thursday.
Declining Mexican Crude Output Threatens Energy Independence Goals
Mexico's incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend $17 billion on a new refinery: a shortfall in domestic crude supply.
Edison and Snam Sign $608 Million Gas Storage Deal
EDF's Italian unit Edison will sell its gas storage unit to gas grid operator Snam in a deal giving the assets an enterprise value of around $608 million, the two companies said on Thursday.
Occidental Petroleum Nears $1 Billion Sale of Texas Oil Assets to Permian Resources
U.S. oil producer Occidental Petroleum is nearing a deal to sell its assets in the Barilla Draw region of Texas to Permian Resources for about $1 billion, Reuters reported on Thursday.
Siemens Energy, EWE to Build 280 MW Green Hydrogen Plant in Germany
Turbine and engine maker Siemens Energy will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE, which is expected to begin operating in 2027, the two companies said on Thursday.
TC Energy Close to Finalizing Stake Sale in 15,000-Mile Natural Gas Pipeline System, Sources Say
Calgary-based TC Energy is close to finalizing the sale of a stake in its 15,152-mile natural gas pipeline system to Indigenous groups in Western Canada.
Canadian Wildfire Engulfs Jasper, Threatens Trans Mountain Pipeline as Firefighters Struggle to Contain Blaze
A wildfire reached the Canadian town of Jasper, Alberta on Wednesday, one of hundreds ravaging the western provinces of Alberta and British Columbia, as firefighters battled to save key facilities such as the Trans Mountain Pipeline, authorities said.
Pacific Northwest Hydrogen Hub Wins DOE Phase 1 Award
The Pacific Northwest Hydrogen Association announced it has received Phase 1 award status from the U.S. Department of Energy, making it one of the first U.S. Regional Clean Hydrogen Hubs to achieve this milestone.
EQT Completes Equitrans Midstream Acquisition
EQT Corp. has finalized its acquisition of Equitrans Midstream Corp., marking a significant shift in the natural gas sector. This merger creates a major vertically integrated natural gas company in the U.S.
Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
(P&GJ) — The project, known as the “Port MacKenzie Expansion,” aims to extend APLC’s existing pipeline infrastructure to connect with a future LNG import terminal.
Zachry Out as Lead Contractor for Texas LNG Project in Settlement with Exxon, Qatar Energy
A bankruptcy court approved a Zachry Holdings and Golden Pass LNG settlement on Wednesday that will allow Exxon Mobil and Qatar Energy, the Golden Pass owners, to hire a new lead contractor to complete its LNG plant.
Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
(P&GJ) — Williams has notified FERC of its plans to commence construction for its Louisiana Energy Gateway pipeline on July 25. However, Energy Transfer has responded to the filing with concerns, arguing that Williams is proceeding without full regulatory clarity from FERC on the project’s jurisdictional status.
U.S. Democrats Introduce Bill to Hold Oil Firms Accountable for OPEC Collusion
Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices.
Viridi Signs 20-Year Deal with Énergir for Pipeline-Quality RNG
(P&GJ) — Viridi Energy has secured a 20-year agreement to supply pipeline-quality renewable natural gas (RNG) to Énergir, the largest natural gas distribution company in Quebec.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
