North America
Biden Restricts Drilling and Mining in Alaska Wilderness, Angering State Leaders
The U.S. took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources. However, the measures won't affect ConocoPhillips' $8 billion Willow project.
Black Bear Transmission's Ozark Supply Access Project Now In Service
The project includes two miles of natural gas loop pipeline, a new compressor station, and two new pipeline interconnects. These additional facilities will create access to new supply interconnections with major interstate pipelines from the east end of the Ozark Transmission system.
TC Energy Expects No Service Disruptions After Alberta Pipeline Rupture
TC Energy said on Wednesday it does not anticipate any service interruptions from the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday.
U.S. LNG Export Plants See Rise in Natural Gas Flows, Freeport Among Key Facilities
The amount of natural gas flowing to the seven U.S. LNG export plants, including Freeport LNG, was on track to jump by around 17% on Thursday from a 15-month low on Tuesday, data from financial firm LSEG showed.
Mexico's Pemex to Hand Over Natural Gas Project to Business Magnate, Report Says
Mexican state oil firm Pemex has agreed to hand over control of its Lakach natural gas project in the Gulf of Mexico to Grupo Carso, a company belonging to Mexican billionaire Carlos Slim, El Heraldo columnist Dario Celis reported on Thursday.
Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
Mexico expropriated a hydrogen plant at a Pemex state oil refinery that a previous administration sold to French firm Air Liquide, the government announced in an official gazette on Thursday.
Ceiling on Venezuela's Oil Output Growth Expected as U.S. Oil License Expires
The expiration of the widest U.S. license so far granted to Venezuela's oil and gas industry will put a ceiling on the South American country's slow crude production growth unless Washington grants enough individual authorizations to compensate, according to analysts and experts.
Kinder Morgan Meets Profit Estimates on Strength in Natural Gas Pipeline Segment
Kinder Morgan attributed the growth in its natural gas pipeline segment to increased margins on storage assets and higher volumes on gathering systems, further boosted by the recent STX Midstream acquisition.
Shell Urges Investors to Reject Climate Demands by Shareholder Group
Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.
U.S. Considers Releasing More SPR Oil to Keep Gas Prices Low, White House Adviser Says
U.S. President Joe Biden will do what he can to ensure affordable gasoline prices, White House senior adviser John Podesta said at an industry conference on Tuesday, when asked about future releases of crude oil from the Strategic Petroleum Reserve (SPR).
Texas Regulators Fine Freeport LNG for Environmental Breaches
Texas' environmental regulator has fined LNG exporter Freeport LNG $152,173 for violating state air pollution emissions rules for periods between 2019 and 2021, the company reported on Tuesday.
TC Energy's NGTL Gas Pipeline Rupture Sparks Wildfire in Alberta
A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire about 25 miles northwest of Edson, Alberta, in Yellowhead County, the company said.
Chart Industries to Supply Liquefaction Equipment for Cedar LNG Project
Chart Industries Inc. has been chosen to supply critical liquefaction equipment, including the natural gas liquefaction cold boxes and brazed aluminum heat exchangers, to the Cedar LNG project.
Biden Unlikely to Tighten Iran Oil Sanctions Following Israel Attack, Analysts Say
Iran's unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran's oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, said analysts.
Permian Natural Gas Prices Plummet to 15-Month Low Amid Lingering Negative Territory
Natural gas in the Permian and across the U.S. has been oversupplied following a warmer-than-expected winter, offtake constraints, and operational issues at a major LNG plant in Texas.
Tamarack Valley Halts Alberta Output After Fire at Canadian Natural Resources' Gas Plant
Canadian Natural Resources, the country's biggest oil and gas producer, said it was alerted to the fire that had started inside its Mitsue Gas Plant at about 4.00 a.m. local time.
Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
Freeport LNG's liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 million cubic feet per day, or 5% of its fully operational use, data from financial firm LSEG showed on Monday.
Black & Veatch Receives Green Light for Canada's First FLNG Project
Black & Veatch, in collaboration with Samsung Heavy Industries, has received full authorization from Cedar LNG LP partners to commence construction of Cedar LNG's floating liquefaction facility in Kitimat, British Columbia.
U.S. Natural Gas Exports Hit Record 21 Bcf/d in 2023, Led by LNG and Pipelines
(P&GJ) — According to the U.S. Energy Information Administration (EIA), the United States marked a record volume of natural gas exports in 2023, buoyed by robust LNG shipments and steady pipeline deliveries to neighboring countries.
EQT and Equinor Strike Mega Deal: Swapping Onshore Assets in Pennsylvania
EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 million in cash, the companies said on Monday.
Cenovus Energy to Invest $1.5 Billion in Ohio Refineries Over Next 5 Years
Cenovus Energy said it plans to invest $1.5 billion in its Ohio refineries over the coming five years, including Lima and Oregon.
Motiva Restarts Two CDUs at Port Arthur Refinery After Power Outage
Motiva Enterprises restarted two crude distillation units (CDUs) overnight at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, the nation's largest, after a power outage on Wednesday, people familiar with plant operations said on Thursday.
U.S. Natural Gas Prices Surge to 5-Week High on Freeport LNG Feedgas Increase, Output Decline
U.S. natural gas futures edged up about 1% to a five-week high on Wednesday on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas and producers continued to reduce drilling activities after prices collapsed to 3-1/2-year lows earlier this year.
North Dakota's Bakken Rig Count Drops as Consolidation Sweeps Oil Patch
Operators in North Dakota's Bakken oilfield reduced their rig count to 36 in April, down from 40 in March, marking the lowest number this year as a wave of consolidation has swept through the oil patch, state regulators said on Friday.
Kansas City Fed Survey: Oil, Gas Activity Declines in U.S. Midwest, Rockies During Q1 2024
Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City, Missouri, said on Friday in its quarterly survey of energy activity.
U.S. Finalizes Big Reforms to Federal Oil and Gas Drilling
President Joe Biden's administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from oil and gas drilling on public lands.
IEA Trims Oil Demand Forecast on Weakness in Wealthier Countries
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity.
Oklahoma Attorney General Sues Enable and Symmetry Over Winter Storm Uri Natural Gas Price Hikes
(P&GJ) — Oklahoma Attorney General Gentner Drummond has filed litigation against Enable Midstream Partners (Enable) entities and Symmetry Energy Solutions LLC, accusing them of artificially inflating natural gas prices in the aftermath of Winter Storm Uri.
ADNOC Explored Potential Takeover of BP, Sources Say
The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.
Global Partners Acquires Four Liquid Energy Terminals from Gulf Oil for $212 Million
Global Partners LP has announced the successful closing of its acquisition of four liquid energy terminals from Gulf Oil Limited Partnership for $212.3 million.
- 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
