Regulation

Proxy Adviser Glass Lewis Urges Hess Shareholders to Accept Chevron Offer

Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.

WoodMac Analysis: Trump Presidency Could Halt $1 Trillion in Clean Energy Investment

A victory by Donald Trump in the Nov. 5 presidential election would jeopardize a projected $1 trillion in low-carbon energy investments and carbon emissions would be 1 billion tonnes more by 2050 than under current policies, according to a new analysis by Wood Mackenzie published on Thursday.

Republican Lawmakers Press Regulators to Expedite LNG Project Approvals

Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.

Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid

The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.

TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline

The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.

Federal Regulators Approve Venture Global's Repairs at Louisiana Plant

U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025

A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.

YPF Advances $2.5 Billion Pipeline Project to Spur Vaca Muerta Shale Oil Exports

YPF SA is advancing a $2.5-billion cross-country pipeline project to unlock the rich potential of the Vaca Muerta shale region, addressing the primary bottleneck hindering its full exploitation.

Savannah Energy Loses Legal Bid to Freeze Oil Pipeline Company's Accounts, Chad Government Says

The Paris Court of Arbitration has rejected a bid by Savannah Energy Plc to freeze COTCO oil pipeline company's accounts after Chad nationalized its upstream assets in the country, Chad's transitional government said on Monday.

Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger

U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.

NextDecade Eyes Train 4 FID for Rio Grande LNG Phase 1 in Late 2024

NextDecade is advancing swiftly with its Rio Grande LNG Facility, as it eyes a significant milestone in the second half of 2024.

Mountain Valley Pipeline Repairs Leak, Proceeds with West Virginia-Virginia Gas Line Testing

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service.

Black & Veatch Completes Feasibility Study for Andes Energy LNG Terminal

Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a LNG regasification terminal and power plant located near the port city of Buenaventura on Colombia’s Pacific coast.

Trump Targets LNG Exports in Meeting with Oil CEOs, Promises Reversal of Biden Policies

Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.

Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter

Pipeline operator Energy Transfer expects to receive a draft Environmental Impact Statement for its Blue Marlin offshore terminal this quarter, executives said on Wednesday during a quarterly earnings call.

DNV Releases New Standard for Hybrid Thermoplastic Composite Flexible Pipes

DNV has introduced its latest standard, DNV-ST-F207, for hybrid thermoplastic composite flexible pipes, addressing challenges faced by conventional risers in deepwater applications.

U.S. Looks to Rebuild Strategic Petroleum Reserve as Oil Prices Drop

A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022.

TC Energy's Oil Pipeline Spin-off Faces Challenges in Gulf Expansion

TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up.

Exxon, Chevron CEOs Call for Clarity on U.S. Clean Energy Subsidies

Top executives at U.S. oil giants ExxonMobil and Chevron Corp. said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change.

Williams Scraps Northeast Pipeline Project While Pennsylvania Gas Transport Plan Advances

Williams ambitious natural gas pipeline project, aimed at crossing New Jersey and extending under two bays to New York, has met its demise. Concurrently, another initiative involving the transportation of LNG from Pennsylvania via tanker truck is progressing.

Williams Foresees Victory in Energy Transfer Dispute Over Louisiana Gas Pipeline

U.S. energy firm Williams Cos said on Tuesday it still expects to overcome a pipeline dispute with rival Energy Transfer and complete its Louisiana Energy Gateway natural gas project in the second half of 2025.

Over 70 Democratic Lawmakers Back Biden's Pause on LNG Exports

Nearly 75 U.S. lawmakers from President Joe Biden's Democratic party on Tuesday praised his pause on approvals of exports of LNG saying it would protect Americans from pollution and potential higher prices.

Pipeline Safety Improves Over Five Years, Focuses on Community Engagement and Low-Carbon Solutions

Despite increases in pipeline mileage and the volume of barrels transported, the American Petroleum Institute's recent report reveals that pipeline safety has seen improvement across various key metrics over the past five years.

Kinder Morgan-Backed Gas Pipeline Expansion Prevails in U.S. Appeals Court Decision

The Kinder Morgan-backed Evangeline Pass Expansion project would expand existing pipelines to feed more fuel to Venture Global's Plaquemines liquefied natural gas export terminal in the Gulf of Mexico.

U.S. Faces Natural Gas Shortfall as LNG Canada Terminal Nears Operational Phase

The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.

Energy Transfer Subsidiary Sunoco and NuStar Energy Merger Receives Green Light from Unitholders

The acquisition grants Sunoco access to NuStar's extensive transportation and storage infrastructure, encompassing approximately 9,500 miles of pipeline and 63 terminals.

U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives.

Railroad Commissioner Criticizes Biden's LNG Export Pause at House Committee Hearing

Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.

Oil Prices Rise on Prospect of U.S. Replenishing Strategic Reserve

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories.

U.S. State Dept. Clears Oil Service Firm SLB of Russia Sanction Violations

The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been told what Washington is willing to accept, Assistant Secretary of State Geoffrey Pyatt told Reuters in an interview on Wednesday.