Business & Markets
Tallgrass, Bridger Announce Open Season for Pony Express Pipeline
Tallgrass Pony Express Pipeline, LLC. (Pony Express) together with Bridger Pipeline, LLC (Bridger), have announced a new binding joint tariff open season for incentive tariff rates, utilizing existing Pony Express capacity, for shipper commitments for crude oil transportation from Bridger's Guernsey Hub.
Russia Likely to Struggle in Reaching LNG Targets, Say Experts
Exports of Russia's liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday.
U.S. Natural Gas Climbs to Three-Week High on Rising LNG Flows, Colder Temps
U.S. natural gas futures climbed about 3% to a three-week high on Friday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for colder weather lifting expected heating demand next week.
Commonwealth LNG Clears Key Regulatory Hurdles in Development of 9.5 MTPA Facility
Commonwealth LNG has received a conditional non-FTA export authorization from the U.S. DOE, and separately received its draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC). These are significant milestones in its development of a 9.5 mtpa facility in Louisiana.
Howard Energy Partners Acquires Interest in 200-Mile, 1.1 Bcf/d Midship Pipeline in Oklahoma
The pipeline, which runs from Kingfisher County to near Bennington in the Anadarko Basin, connects natural gas production from the SCOOP and STACK plays to Gulf Coast and Southeast demand markets.
Japan's Inpex Targets FID for Indonesia's Abadi LNG Project in 2027
The project, facing delays and a recent ownership change, aims for production in the early 2030s, contributing to Inpex's growth in LNG output and its investment in cleaner energy solutions.
U.S. Natural Gas Prices Jump 6% to Two-Week High on Rising LNG Flows, Big Storage Draw
U.S. natural gas futures rose 6% to reach a two-week high, driven by a larger-than-expected storage draw and increased LNG export flows. With cold weather forecasts and higher demand, natural gas prices have surged, reflecting tighter supply conditions and robust export activity.
India's Gas Demand Set to Surge by 2030, Doubling LNG Imports, Says IEA
India's natural gas consumption is projected to increase by 60% by 2030, doubling the country's LNG imports. Driven by urbanization and industrialization, this surge in demand will require strategic planning and expansion of LNG infrastructure to manage future supply challenges.
Williams Beats Q4 Profit Estimates on Acquisition Gains, Raises Dividend
Williams surpassed fourth-quarter profit estimates, driven by acquisitions and its Regional Energy Access expansion project. The company raised its dividend and boosted its profit forecast, citing increased gas demand from sectors like AI data centers.
Austria’s Gas Hub Rethinks Strategy After Russian Transit Ends
Austria’s Central European Gas Hub saw a decline in trading volumes following the halt of Russian gas transit but is pivoting toward regional trade, biogas, and hydrogen opportunities. CEO Gottfried Steiner highlighted the hub’s role in a shifting European energy market.
Exxon Seeks Permit for Gas Production, LNG Project as Output Rises in Guyana
Exxon Mobil seeks permits for its eighth project in Guyana, focusing on gas production. The company aims to boost capacity to 1.7 million barrels per day by 2029 while supporting Guyana's LNG development.
U.S. Gulf Coast Refiners Pay Premium for Trinidad's Heavy Sour Molo Crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent crude benchmark for Trinidad and Tobago's Molo heavy sour crude, the CEO of the country's state-owned oil company, Heritage Petroleum, said on Tuesday.
Kinder Morgan, Entergy Agree to Supply Golden Pass LNG with Natural Gas
Entergy Texas has reached a transportation agreement with Kinder Morgan to secure a steady natural gas supply in Southeast Texas. The agreement, developed with Golden Pass LNG, is part of Kinder Morgan's $1.7 billion Trident Intrastate Pipeline project.
Chevron Plans to Cut 15% to 20% of Global Workforce by 2026
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
QS Energy Nears Commercial Deployment of AOT Technology for Crude Pipelines
QS Energy Inc. is nearing a breakthrough in global energy transport. The company is in final talks for multi-year lease agreements that would deploy its Applied Oil Technology (AOT) in key regions, including Southeast Asia, the Pacific, and West Africa.
OLI Systems Lands DOE Funding for CO₂ Pipeline Integrity Model
OLI Systems has received a Phase I Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy (DOE) to develop a model aimed at improving CO₂ pipeline safety in carbon capture, utilization, and storage (CCUS) projects.
India’s GSPC Strikes 10-Year LNG Deal with TotalEnergies
TotalEnergies has signed a 10-year deal to supply India’s Gujarat State Petroleum Corporation with 400,000 metric tons of LNG annually, starting next year. The agreement aligns with India's growing demand for natural gas as the country pushes to expand its energy mix.
Energy Transfer to Reach Final Decision on Lake Charles LNG Export Project by Q4 2025
Energy Transfer plans to make a final investment decision on its Lake Charles LNG export project by Q4 2025. The move follows a long-term LNG deal with Chevron and the lifting of the U.S. export permit pause.
Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale
Elliott Investment Management has built a $2.5 billion stake in Phillips 66 and is pushing for the sale of its midstream business. The activist investor argues that urgent changes are needed to boost shareholder returns, including divesting midstream assets and restructuring operations.
Equinor: EU May Need 350 Extra LNG Cargoes to Refill Storage
Equinor warns that the EU may need up to 350 additional LNG cargoes this year to replenish gas reserves, with potential competition from Asia driving up costs.
Texas Pushes for State Control Over Carbon Capture Permitting
Texas oil, gas, and industrial groups are urging the EPA to approve the state’s request for primacy over carbon storage projects, citing investment potential and a backlog of federal approvals. Texas has 43 projects under review, making up one-third of U.S. applications.
Turkey, Turkmenistan Sign Gas Supply Deal, Flows Set for March
Turkey and Turkmenistan have signed a deal to begin Turkmen natural gas flows to Turkey on March 1, Turkish Energy Minister Alparslan Bayraktar said. The agreement strengthens energy ties and enhances regional supply security.
Tanzania in Talks to Revive $42 Billion LNG Project by June
Tanzania is negotiating tax incentives with investors to revive its stalled $42 billion LNG project, Energy Minister Doto Biteko said. Talks with Equinor, Shell, and partners could conclude by June, potentially unlocking 47.13 Tcf of natural gas reserves.
India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
India’s GAIL is reviving plans to secure U.S. LNG supply or acquire a stake in an LNG plant after the Trump administration ended a ban on new export permits. The move could help boost India’s gas consumption and long-term supply security.
Sapphire, Tulip Compression to Deploy Clean Energy Tech in India’s Gas Sector
The collaboration will bring Sapphire’s FreeSpin In-line Turboexpander (FIT) technology to pressure regulation stations across the country, aiming to improve energy efficiency and reduce emissions.
Energy Transfer Secures Natural Gas Supply Deal with CloudBurst for Texas Data Center
Energy Transfer signed a long-term natural gas supply agreement with CloudBurst Data Centers for its planned Texas facility, marking the pipeline operator’s first direct deal with a data center.
Recent Cold Snap Led to Fourth-Largest U.S. Natural Gas Storage Withdrawal, EIA Says
The U.S. recorded its fourth-largest weekly natural gas storage withdrawal in mid-January as frigid temperatures drove up consumption, the EIA said. Stocks fell by 321 Bcf, nearly 70% above the five-year average, with inventories now 4% below historical levels.
ADNOC Secures 5-Year LNG Supply Deal with India’s BPCL
ADNOC will supply 2.5 million tons of LNG to Bharat Petroleum Corp. over five years, with deliveries starting in April. The deal will be formalized during India Energy Week, alongside a separate 15-year LNG agreement with Indian Oil Corp.
Taiwan Eyes Alaskan LNG Imports Amid U.S. Tariff Concerns
Taiwan is considering importing natural gas from Alaska to help reduce its trade surplus with the U.S. and avoid potential tariffs. State-run CPC is assessing feasibility, as Taiwan looks to diversify energy imports beyond Australia and Qatar.
Baltic States Cut Ties with Russia’s Power Grid, Link to EU System
Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and linked to the EU system, marking a historic shift aimed at enhancing energy security and reducing dependence on Moscow.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- 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
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- Saudi Arabia May Cut December Oil Prices for Asia, Sources Say
- NDT, Aramco to Launch 56-Inch Inspection Tool