Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
Pipeline operator ONEOK reported a decline in first-quarter profit on Tuesday due to increased operating costs and capital expenditures. However, the company noted an increase in capacity utilization in its natural gas gathering and pipeline segments, rising from 96% to 97%.
Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.
Energy pipeline operator Enterprise Products Partners on Tuesday said it notified shippers of downtime for about 10 days in June on the Wink-to-Webster shale oil pipeline.
Equitrans Midstream Corp. said on Tuesday it expects to complete the construction and final commissioning activities on its Mountain Valley natural gas pipeline by the end of May at an estimated cost of $7.85 billion.
Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests.
The funds, part of the Infrastructure Investment and Jobs Act, will support pipeline construction projects across various districts, replacing aging infrastructure and acquiring methane leak detection equipment.
Tivoli Midstream LLC has announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the Chocolate Bayou Assets) from affiliates of Ascend Performance Materials LLC.
(P&GJ) – Kevin Neveu, a seasoned Canadian oil and natural gas senior executive, remains optimistic about the energy markets in the north despite global uncertainties in 2024. His positivity stems from the imminent completion of two major transmission pipeline projects in western Canada – Coastal GasLink gas pipeline and Trans Mountain oil pipeline – expected before year-end.
A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co. said in a report on Tuesday.
(P&GJ) – The government of Japan will create conditions for the development of a domestic pipelines sector in years to come. It will take place through the stimulation of building new gas and other pipelines throughout the country.
(P&GJ) – Southern Africa’s largest multi-product pipeline operator, Transnet Pipelines, plans to spend R891 million in 2024 in building its fuel handling capacity, including construction of a delayed import fuel terminal at the port of Durban and new line to supply the country’s biggest airport, OR Tambo.
(P&GJ) — Croatia's energy infrastructure is set for a significant upgrade with the signing of a contract worth $566.4 million to construct four gas pipelines by mid-2026. The pipelines will facilitate gas transportation from the Krk LNG terminal to Slovenia, Hungary, and other Southeast European countries.
A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday.
EQT will curtail nearly 1 billion cubic feet per day of natural gas production through March, the top U.S. natural gas producer said on Monday, as companies respond to persistently low prices of the commodity.
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