Regions
Diamondback Energy Warns of Lower Q4 Oil Prices
U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months.
Pipeline Upgrade Ends Czech Republic's Reliance on Russian Oil
Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude, Prime Minister Petr Fiala said on Tuesday.
U.S. Natural Gas Prices Dip from 2-Year High on Higher Output, Lower Freeport LNG Flows
U.S. natural gas futures eased about 1% on Monday from a two-year high in the prior session on a reduction in the amount of gas curtailed by freezing pipes and lower flows to Freeport LNG's export plant in Texas.
Dozens of Oil Tankers Drop Anchor After U.S. Sanctions Tighten
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.
Plains All American Launches Year's First M&A Bond with $1 Billion Offering
U.S. integrated midstream infrastructure company Plains All American Pipeline on Monday priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Pioneer Energy Wins $6 Million DOE Grant for Flare Gas-to-Methanol Technology
Pioneer Energy has secured a $6 million grant from the U.S. Department of Energy (DOE) to adapt and demonstrate Emvolon’s gas-to-methanol technology aimed at reducing flaring and emissions in the oilfield. The demonstration will take place at an oil and gas facility in the Eagle Ford region of Texas.
Freeport LNG Gas Flows Decline to One-Month Low in Texas
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Freeport LNG's export plant in Texas was on track to fall to a one-month low on Monday, according to data from financial firm LSEG.
Kinder Morgan Acquires Gas Gathering, Processing System in Bakken for $640 Million
Houston-based Kinder Morgan Inc. has announced plans to acquire a natural gas gathering and processing system in North Dakota’s Williston Basin from Outrigger Energy II LLC for $640 million.
Venture Global to Target $110 Billion Valuation in IPO Pitch Next Week
Venture Global LNG will begin formally pitching investors next week for its highly anticipated initial public offering, with the second-largest U.S. producer of liquefied natural gas aiming to secure a non-diluted valuation of as much as $110 billion, documents show.
Tougher U.S. Sanctions to Limit Russian Oil to China, India, Boost Middle East Demand
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.
U.S. Oil Imports from Canada Hit Record High Amid Tariff Threat, EIA Data Shows
U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports.
Kinder Morgan Los Angeles Fuel Pipelines Resume Operations After Wildfire Power Outages
The 515-mile SFPP West pipeline, which delivers fuel to Arizona, and the 566-mile Calnev line, which delivers to Nevada, had not been directly impacted by the fires, Kinder Morgan said on Thursday.
Constellation Energy to Buy Calpine in $16.4 Billion Power Industry Mega-Merger
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp. for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry.
Britain’s Gas Storage Worries Rise as Levels Dip to Less Than a Week's Supply, Centrica Warns
Britain's gas storage levels are worryingly low, with less than a week's worth of gas in storage after a cold snap, energy company Centrica said on Friday while the government said there was no need for concern.
AGDC and Glenfarne to Develop $44 Billion Alaska LNG Project, Including 807-Mile Pipeline
The Alaska state's Alaska Gasline Development Corporation (AGDC) entered into an exclusive agreement with developer Glenfarne to advance the Alaska LNG project, an AGDC spokesperson said on Friday.
Norway Gas Exports Near Record 2024 Levels, Forecasts Show Continued Strength
Norway exported a record amount of natural gas in 2024, and volumes are expected to stay near this level in the coming years, official data and forecasts showed on Thursday.
U.S. Senate Panel to Hear Trump Energy Nominees Next Week
The U.S. Senate energy committee will hold nomination hearings for President-elect Donald Trump's picks for energy roles on Tuesday and Wednesday next week, the panel's chairman said on Thursday.
TotalEnergies to Pay $5 Million in U.S. FERC Natural Gas Manipulation Settlement
A unit of French energy company TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012.
Howard Energy Acquires 120-Mile Bidirectional Ethylene Pipeline from EPIC Midstream
Howard Energy Partners (HEP) has acquired EPIC Midstream Holdings’ 120-mile ethylene pipeline, strengthening its presence in the Gulf Coast region.
U.S. Oil Inventories at Cushing Storage Hub Drop to Lowest in a Decade
U.S. crude inventories at the country's flagship storage hub in Cushing, Oklahoma, fell to their lowest in over a decade amid strong refining activity and a year-end tax measure, data from the government's energy statistics arm showed on Wednesday.
Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, was seen pumping 64.4 million metric tons of oil in 2024 in a latest estimate, further downgrading its exporting prospects, according to a shareholder.
Nord Stream 2 AG Receives Extension for Debt Restructuring Deadline
A court in Switzerland has extended the deadline for Nord Stream 2 AG, a unit of Russia's Gazprom, to restructure its debts to May 9 from Jan. 10, according to a court ruling.
Philippines Encourages LNG Importers to Aggregate Purchases to Lower Prices
The Philippines is encouraging importers of liquefied natural gas (LNG) to voluntarily aggregate purchases of the super-chilled fuel in efforts to lower prices and improve market efficiencies, government officials said on Wednesday.
Expand Energy on Track for 7 Bcf/d Gas Output by 2025, CEO Says
Expand Energy, the biggest U.S. natural gas producer, remains on track to boost output to around 7 billion cubic feet per day (Bcf/d) in 2025, CEO Nick Dell’Osso said at the Goldman Sachs Energy, CleanTech & Utilities Conference on Tuesday.
U.S. Natural Gas Futures Surge 6% on Freezing Wells, Northeast Price Spike
U.S. natural gas futures jumped about 6% in another volatile day of trade on Wednesday on forecasts for more heating demand than previously expected and as freezing wells cut output.
Chevron Eyes $6-8 Billion Free Cash Flow Growth in 2024, CEO Says
Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday.
Constellation Nears $30 Billion Deal for Natural Gas Company Calpine: Bloomberg
Constellation Energy is nearing an acquisition of Calpine Corp. that would value the company at about $30 billion including debt, Bloomberg News reported on Wednesday, citing people familiar with the matter.
EnCap Flatrock Midstream Nets $800 Million in Plains All American Transactions
EnCap Flatrock Midstream (EFM) has finalized agreements to sell Ironwood Midstream Energy Partners II and its Plains Series A Preferred Units to Plains All American for over $800 million in cash.
Shell Faces Shareholder Scrutiny Over LNG Strategy and Climate Goals
Shell's plans to increase sales of liquefied natural gas (LNG) have been called into question by a major group of shareholders that has filed a resolution asking whether the strategy is compatible with a goal to cut carbon emissions.
South Sudan Plans Crude Oil Restart Amid Regional Recovery Efforts
South Sudan aims to resume oil production at its Blocks 3 and 7 on Jan. 8 with an initial output target of 90,000 barrels per day, Petroleum Minister Puot Kang Chol said on Tuesday.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
