Regions
Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets
Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.
Fluxys, OGE, Wintershall Dea Partner for CO2 Transport from Southern Germany to Belgian Hubs
(P&GJ) — Fluxys Belgium, Wintershall Dea, and OGE are joining forces to create a CO2 corridor transporting emissions from Southern Germany to Belgium's developing CO2 export hubs for storage in the North Sea reservoirs.
Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy
Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.
Exxon Outlines $27 Billion Annual Project Spending; Golden Pass LNG Plant Set for 2025 Start-Up
Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals.
EIA: Continental U.S. Kicks Off Winter with Most Natural Gas in Storage Since 2020
The continental United States entered the winter heating season with the most natural gas in storage since 2020, the U.S. Energy Information Administration (EIA) said on Thursday.
Italy's Saipem Completes Exit from Russia's Arctic-2 LNG Project
Italian energy engineering and construction group Saipem is no longer involved in Arctic-2 LNG, a massive Russian project to build an LNG production site in the Arctic, which was targeted by U.S. sanctions last month.
Woodside in Talks with Santos to Form $52 Billion Australian Gas Giant
Australia's Woodside Energy and Santos said they were in preliminary talks on Thursday to create a $52 billion global oil and gas giant as consolidation among international energy firms intensifies.
Trans Mountain Pipeline Expansion Stalled as Canada Regulator Rejects Variance Request
The Canada Energy Regulator (CER) on Tuesday denied a request from the Trans Mountain Expansion (TMX) project for a variance on a section of oil pipeline under construction in British Columbia, a decision that could delay the 590,000 barrel-per-day (bpd) expansion.
U.S. Coast Guard Finds Sheen Near Oil Spill in Gulf of Mexico
The U.S. Coast Guard said on Wednesday it found a light sheen west of an area in the Gulf of Mexico where it was leading the clean-up of a million-gallon (liters) oil spill for nearly three weeks but could not confirm if the sheen was from that spill.
NGL Energy Partners Launches Open Season for 550-Mile Grand Mesa Crude Pipeline
(P&GJ) — Grand Mesa provides takeaway capacity for crude oil producers in the Denver-Julesburg Basin. It originates in Weld County, Colorado, and extends approximately 550 miles southeast to NGL Crude Cushing’s storage terminal at Cushing, Oklahoma.
U.S. to Release Hydrogen Subsidy Guidance After COP28
The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday.
Shell Shortlists CNOOC and Vitol for Singapore Assets Sale
Shell has shortlisted at least four companies including state-run China National Offshore Oil Corp. (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.
Nigeria's NNPC Signs Two LNG Deals for Local, Foreign Markets
Nigeria's state oil firm NNPC Ltd. said on Wednesday that it has secured two agreements to expand its LNG portfolio for both the domestic and international markets.
Venture Global LNG Expects Extended Start-Up at Second Plant, Says CEO
A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest, CEO Mike Sabel told Reuters.
Symbio Inaugurates Europe's Largest Hydrogen Fuel Cell Plant
Symbio, the hydrogen mobility joint venture between Stellantis, Forvia and Michelin, has inaugurated Europe's largest gigafactory for hydrogen fuel cells in the Auvergne-Rhône-Alpes region in France.
Republican States Challenge EPA's Pipeline Veto Power Expansion in Federal Lawsuit
A group of 11 Republican-led states and energy industry groups have challenged a U.S. Environmental Protection Agency rule that bolsters state and tribal veto power over pipelines and other major infrastructure projects that might pollute rivers and streams.
Venezuela's Oil Exports Remain Almost Unchanged, Middlemen Seek Deals
Venezuela's oil exports remained almost unchanged in November at 651,000 barrels per day (bpd) even as an easing of U.S. sanctions is now allowing sales to trading houses, according to shipping and tanker tracking data.
Trans Mountain Pipeline Expansion Faces Further Delays, Posing Financial Challenges for Canadian Oil Producers
Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia.
Canadian Wind-Hydrogen Project Delayed One Year in Race to First European Exports
One of Canada's first projects to produce emissions-free hydrogen with wind energy has delayed its start by one year because operator World Energy GH2's European customers need more time to develop special infrastructure to handle the product, the company said.
China Introduces Simplified Regional Pricing System for Natural Gas Transportation
China will simplify freight rates on its natural gas pipeline network by introducing a "one area, one price" system across four broad areas of the country, according to a document released by the state planner on Tuesday.
Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand
Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.
Record U.S. Oil Output Challenges Saudi Mastery
U.S. crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC+ partners as they cut their own production to boost prices.
Guyana Moving Toward New Offshore Gas Pipeline in Liza Offshore Fields
(P&GJ) — With the Gas To Energy project, the government of Guyana will — for the first time — produce energy using the associated natural gas produced in the Liza offshore fields of the Stabroek Block.
CO2 Projects Look to Overcome Siting Opposition
(P&GJ) – In the last two years, while the Biden administration has been embracing direct-air capture (DAC) hubs, Houston-based Occidental Petroleum Corp. (Oxy) and its one-time spinoff, California Resources Corp. (CRC), have been leading increased industry interest in the transportation and storage of carbon, in the transition to a zero-emissions energy world.
U.S. Buys 2.73 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. Energy Department said on Thursday it has finalized contracts to purchase 2.73 million barrels of oil for the Strategic Petroleum Reserve (SPR).
Trinidad's Atlantic LNG Restructuring to Shrink Shell's Stake, Boost BP's
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while BP and Trinidad's state-owned National Gas Co. will increase their stakes in a restructuring agreement to be signed this week, according to three people familiar with the matter.
ConocoPhillips Restarts Production, Cargo Loading at Australia Pacific LNG After Resolving Tanker Issue
Production of LNG and the loading of cargoes have resumed at Australia Pacific LNG (APLNG), said operator ConocoPhillips, after a loaded tanker that was stuck at the facility was moved.
Petroecuador Exceeds 400,000 bpd Crude Oil Output; Addresses Oil Spill in Shushufindi River
Ecuador's state oil company Petroecuador said Sunday that crude oil output surpassed 400,000 barrels per day (bpd) for the first time since January 2021.
Revenues of Russia's Top Oil and Gas Producers Fall 41% in First 9 Months of 2023
The revenues of Russia's largest oil and natural gas producers dropped by 41% in the first nine months of the year, the central bank said in its financial stability review, as export volumes and prices declined.
Investors Flock to U.S. Natural Gas ETF Despite Price Slump
Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity's dismal performance in 2023.

- 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