Gas storage
Guyana's $1.9 Billion Gas-to-Power Project Pushed to 2025
Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using untapped gas to slash electricity costs, a Ministry of Natural Resources consultant said on Tuesday.
CenterPoint Energy to Sell 12,000-Mile Pipeline Network in Louisiana, Mississippi for $1.2 Billion
CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electric and gas utility plans to focus on its regulated business.
EQT Misses Quarterly Profit Estimates on Lower Prices, Plans Moderate Drilling Expansion
EQT Corp., the largest U.S. natural gas producer, missed fourth-quarter profit estimates on Tuesday, as higher sales volumes were offset by lower gas prices.
EU Sees No Need to Extend Deal on Russian Gas Transit via Ukraine
The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year, the bloc's energy policy chief said on Thursday.
Equinor Signs 15-Year LNG Deal with India's Deepak Fertilizers
Norway's Equinor said on Monday it had signed a 15-year agreement to supply liquefied natural gas (LNG) to India's Deepak Fertilizers from 2026.
El Niño Drives Real U.S. Gas Prices to Multi-Decade Low
Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.
Pipeline Operator TC Energy Beats Profit Estimates on High Gas Demand
North American pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, boosted by high demand for transporting natural gas.
Venture Global LNG Presses Regulators to Approve CP2 LNG Project
U.S. liquefied natural gas (LNG) developer Venture Global LNG on Thursday asked federal regulators to approve construction of its controversial Calcasieu Pass 2 export plant at their meeting next month.
U.S. House Set to Vote on Bill Reversing Biden's LNG Export Pause
The U.S. House was expected to vote on Thursday on a bill that attempts to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports.
Spotlight on Bakken: Gas Expansions Offer Alternative to Permian Constraints
Fueled primarily by U.S. production growth concentrated around the oil-generating geology of North Dakota, the Williston Basin’s midstream footprint has expanded according to the region’s evolving needs.
Williams Companies Beats Profit Estimates, Forecasts Higher 2024 Core Profit
Williams Companies beat estimates for fourth-quarter profit on Wednesday, as it benefited from strength in its transmission and Gulf of Mexico unit, and the pipeline operator also forecast a higher core profit for this year.
EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
EIG's MidOcean Energy secures 20% stake in Peru LNG, which includes a natural gas liquefaction plant, a 254-mile pipeline, storage tanks, a marine terminal, and a truck loading facility.
Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin
Chesapeake Energy has entered a long-term LNG export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.
National Grid, Constellation Energy Agree on LNG Supply Deal for Massachusetts Facility
Britain's National Grid on Friday said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.
Venture Global and Grain LNG Ink 16-Year Deal for LNG Supply to UK
Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for sixteen years beginning in 2029-equivalent of up to 5% of average U.K. gas demand.
Shell Commits to Developing Nigeria Gas Field to Supply Dangote Fertilizer Plant
Shell has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man Aliko Dangote, the company said in a statement.
Guest Perspective: Aramco’s Best of Both Worlds
Saudi Aramco’s energy strategy should teach The West a lesson: invest in hydrocarbons now. Not only is oil and gas crucial for near- and medium-term energy security and affordability, but there is also a huge amount of money to be made that can be put toward the transition.
TotalEnergies to Acquire OMV's Malaysian Gas Assets for $903 Million
TotalEnergies has entered into an agreement with OMV for the acquisition of OMV's 50% interest in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator.
Poland's Gaz-System Chooses Mitsui O.S.K. Lines for LNG Regasification Unit
Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit (FSRU), it said on Thursday.
Using Dry Gas Sealing Solutions to Drive Energy Efficiency
Natural gas serves as the transitional fuel between hydrocarbons and renewables. Centrifugal compressors are crucial for efficiently transporting large volumes of natural gas, utilized across various industries from oil and gas to petrochemicals and LNG.
Algeria's Sonatrach, Britain's Grain LNG Sign 10-Year LNG Deal
Grain LNG said on Wednesday it had signed a 10-year deal with Sonatrach to extend the Algerian company's long-term storage and redelivery capacity at Europe's largest LNG import terminal beyond January 2029.
Former Sempra Energy Chief Behind Efforts to Salvage Driftwood LNG Project
U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.
MPLX Exceeds Q4 2023 Expectations with Surge in Pipeline Volumes
Midstream energy company MPLX on Tuesday reported higher fourth-quarter earnings, beating expectations, as its pipelines transported an increased volume of energy products.
Biden Halts LNG Export Approvals Amid Climate Pressure, Imperils Projects
President Joe Biden has paused approvals for pending and future applications to export LNG from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election.
Sources: Biden to Announce Delay on New LNG Export Terminal Approvals
The Biden administration is expected to announce on Friday that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election, two sources familiar with the matter said.
Texas LNG Receives Regulatory Approval for Final Investment Decision
Texas LNG, a subsidiary of Glenfarne Energy, obtains permits for its 4 MMtpa LNG export terminal in the Port of Brownsville, Texas, marking a crucial step towards a final investment decision.
Germany's SEFE Eyes Global LNG Expansion After Securing $55 Billion Gas Deal in Norway
Fresh from clinching a $55 billion pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Petronas Seeks Fiscal Incentives to Develop Suriname Gas Project
Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas in the South American country.
Trinidad in Talks with Europe to Supply Venezuelan LNG
Trinidad and Tobago has begun talks with some European countries on the supply of LNG produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.
Sunoco to Acquire NuStar Energy in $7.3 Billion Deal for Midstream Expansion
The deal, which has been approved by both the boards, will give Sunoco access to NuStar's transportation and storage facilities, including a portfolio of about 9,500 miles of pipeline and 63 terminals.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- 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
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
