North America
US Oil Refiners Crank Out Diesel, Further Squeezing Margins for Gasoline
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.
Canada Court Ruling on Key Environmental Law Risks Deterring Investments
The ruling comes as Canada seeks billions of dollars of fresh investments to unearth minerals that play key role in the transition to a greener economy. More than $20 billion in foreign capital has fled the oil patch since 2017, partly because of delays in building new pipelines.
Venezuela May Redirect Oil Exports Away from China as U.S. Eases Sanctions
Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said.
Repsol CEO Vows Legal Action to Secure LNG Cargoes in Dispute with Venture Global
Spanish energy giant Repsol SA will take action against US gas exporter Venture Global LNG to obtain LNG cargoes under a long-term contract, the company's chief executive said on Wednesday.
Chesapeake Considers Acquisition of Rival Natural Gas Producer Southwestern Energy
U.S. natural gas producer Chesapeake Energy Corp. has approached Southwestern Energy, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said.
Shell Urges DOE to Approve Energy Transfer’s LNG Export License Application
Shell PLC has submitted a letter to the U.S. Energy Department in support of Energy Transfer's request for a new license to export LNG to countries without free trade agreements with the U.S., saying the pipeline operator is a reliable gas supplier.
Williams Selected by DOE to Participate in Two Regional Clean Hydrogen Hubs
(P&GJ) — The U.S. Department of Energy (DOE) has chosen Williams to join two hydrogen hubs, one in the Pacific Northwest and another in Appalachia.
Kimmeridge Secures Gas Takeaway Deal with Kinder Morgan for Eagle Ford Assets
(P&GJ) — Kimmeridge signed a definitive multiyear transportation agreement with Kinder Morgan Texas Pipeline LLC (KMTP) to secure midstream takeaway for its Eagle Ford natural gas, enabling Kimmeridge to deliver natural gas across multiple LNG facilities along the Gulf Coast.
Japan’s Inpex Enters Partnership to Develop Low-Cost Hydrogen Hub in South Texas
(P&GJ) — Inpex and Green Hydrogen International (GHI) have agreed to advance GHI's flagship Hydrogen City production hub in South Texas to produce green hydrogen and green ammonia to meet growing Asian and global market demand.
Western Midstream Closes Meritage Acquisition, Adds 1,500 Miles of Gas Pipelines
(P&GJ) — In the $885 million deal, Western Midstream successfully acquired Meritage's 1,500 miles of high- and low-pressure natural gas gathering pipelines in Wyoming's Powder River Basin.
Eagle LNG Delivers First LNG Carrier for Caribbean Basin Service
(P&GJ) — Eagle LNG Partners LLC has announced the successful delivery of its first LNG carrier, the Coral Favia, from Anthony Veder. The 10,000 cubic meter LNG supply vessel is the first of a planned fleet from Eagle LNG offering LNG supply and bunker services for the Caribbean basin.
As Oil Majors Cast Shale Nets, Texas Oilman Sheffield Made Pioneer the Prized Catch
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize.
Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
The rupture occurred when an excavator operator accidentally damaged a 22-inch gas pipeline near Middleton. However, Williams contested the local authorities' account of the incident, asserting no ignition, fire, or explosion was connected to the occurrence.
Canadian Regulator Set to Decide on Trans Mountain Expansion Tolls
The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp.'s proposed shipping tolls for its oil pipeline expansion project this autumn before holding a hearing on the tolls next year.
TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
Canadian pipeline operator TC Energy on Thursday named industry veteran and former CEO Hal Kvisle as the chair of its oil pipeline unit.
FERC Grants Venture Global Approval for Steam Generator Modifications at Louisiana LNG Plant
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday granted Venture Global LNG permission to proceed with the heat recovery steam generator modifications at the Calcasieu Pass LNG export plant in Louisiana.
Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
The Biden administration has announced that seven proposed "hydrogen hubs" in 16 states will share $7 billion in federal grants to jump-start the emerging industry, with hubs in Texas' Gulf Coast and California each receiving a hefty $1.2 billion.
Trace, Molpus to Develop Evergreen Carbon Sequestration Hub in Louisiana
(P&GJ) — Trace Carbon Solutions LLC and Molpus Woodlands Group have agreed to develop and operate a carbon sequestration site on approximately 20,000 acres in Calcasieu and Beauregard parishes in Louisiana.
Oil Reverses Gains After U.S. Posts Large Crude Build
Oil prices reversed early gains on Thursday in a volatile session after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest rates had peaked.
Port of Corpus Christi Breaks Records with 52 Million Tons Moved in Q3
(P&GJ) — For the first time in its history, Port of Corpus Christi customers have moved more than 50 million tons of goods through the Corpus Christi Ship Channel in a single quarter, setting a record for the sixth consecutive quarter.
Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
Canada faces an uphill battle to recoup the roughly $25.74 billion in taxpayers' money it has sunk into the Trans Mountain oil pipeline, as uncertainty over shipping tolls and a limited pool of buyers cloud the asset's unique strategic value.
Pennsylvania Hydrogen Hubs Among Winners of $7 Billion in U.S. Grants
Two hydrogen hubs projects partially located in Pennsylvania- one in the mid-Atlanic region and one in the Appalachian region — will receive part of $7 billion in U.S. federal grants that will be announced on Friday, sources familiar with the plan told Reuters on Wednesday.
Venture Global Requests FERC Approval to Start Service at Louisiana Calcasieu LNG Plant Amid Customer Disputes
The startup of commercial service at that plant is the subject of several disputes between Venture Global and some of its customers, including units of European energy firms Shell, BP, Edison and Repsol.
Exxon's $60 Billion Acquisition of Pioneer Boosts Permian Presence
Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production.
Damaged Pipeline Triggers Gas Explosion, Leveling Home in Woodstock, Illinois
(P&GJ) — A gas explosion occurred in the northern suburbs of Woodstock on Monday, resulting in the leveling of a residence and damage to at least eight other structures. The explosion was triggered by a gas main being accidentally struck during work on a sewer line.
Exxon's $60 Billion Acquisition of Pioneer Could Squeeze US Oil Suppliers, Pipelines
Top U.S. oil producer Exxon Mobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said.
Energy Transfer Pipeline Rupture Sparks Twin Explosions in Garland County
(P&GJ) — In Garland County, Arkansas, emergency teams swiftly responded to a gas pipeline rupture on Oct. 4. Energy Transfer owns the pipeline, and their crews promptly shut down one end of the line while addressing the situation at the other end.
Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin
(P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.
Keystone Pipeline Back to Normal Operations After Brief Maintenance Shutdown
TC Energy's 600,000 barrel-per-day Keystone oil pipeline returned to normal operations on Wednesday after briefly being shut down for maintenance on Tuesday, two industry sources said.
Biggest Oil and Gas Sector Deals Since 2000
Exxon Mobil is on the brink of a game-changing $60 billion acquisition of shale producer Pioneer Natural Resources, marking their most significant deal since 1998. This landmark move is set to redefine the energy landscape, and our article highlights the major oil and gas sector transactions that have shaped the industry since 2000.
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
- UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
- HVO: Fuel for the Future
- Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
