economics
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Woodside Energy earnings set to dip as investors eye strategic deals
Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its deal-making strategy after the collapse of a $52-B merger with Santos.
Asia spot LNG prices ease from 8-month top on weaker demand
Asian spot liquefied natural gas (LNG) prices eased this week from a more than 8-mos top on the back of easing spot demand and as European gas prices also fell.
U.S. natgas prices drop 6% to 2-week low on big storage build, less heat
U.S. natural gas futures dropped by about 6% to a two-week low on Thursday on a bigger-than-expected weekly storage build and forecasts for less hot weather over the next two weeks than previously expected.
Enterprise to acquire Piñon Midstream for $950 MM
Enterprise Products Partners L.P. and Piñon Midstream announced that Enterprise’s affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 MM in cash consideration.
ADNOC, PETRONAS and Storegga to collaborate on offshore carbon capture and storage in Malaysia
PETRONAS, ADNOC and Storegga announced the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
NextDecade to appeal court's overturning of Rio Grande LNG project authorization
U.S. liquefied natural gas (LNG) developer NextDecade will appeal a court ruling that overturned federal approval for its $18-B Rio Grande LNG project and warned loss of its permits could prevent access to its loans.
Column: Europe's gas surplus has mostly been eliminated
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.
Russian gas flows to Europe despite fighting
Intense fighting between Ukrainian and Russian forces near a pipeline Russia uses to supply European countries with gas has not disrupted supplies.
U.S. natgas hits near 3-week high on output drop, hotter weather forecasts
U.S. natural gas futures rose more than 1% to a near three-week high on Monday, supported by a drop in output in recent days and forecasts for hotter weather that should boost the amount of gas power generators burn to keep air conditioners humming.
Asia spot LNG prices remain at 7-month high amid Russian supply concerns
Asian spot liquefied natural gas (LNG) prices remained at their highest level in over seven months, tracking European gains amid concerns over supply disruption.
Perspective: What happens if Russian gas transit via Ukraine stops?
Heavy fighting near the Russian town of Sudzha, where Russian gas flows into Ukraine, has raised concerns over a sudden stop to transit flows via Ukraine before a five-year deal with Russia's Gazprom expires.
Osaka Gas aims to keep annual LNG handling volume at 11.5 MMt
Japanese city gas provider Osaka Gas aims to maintain annual handling volume of liquefied natural gas (LNG) at 11.5 metric MMt in the fiscal 2030 year.
Cheniere Energy misses core profit estimates on lower LNG margins
Cheniere Energy missed 2Q core profit estimates on Thursday, as weaker margins hurt the liquefied natural gas (LNG) producer.
U.S. natural gas producers eye further output cuts as prices sink
Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Chevron announces headquarters relocation to Texas
Chevron Corp. oration has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas.
Venture Global LNG sues Kiewit, alleges it shared confidential documents with Shell
U.S. LNG company Venture Global LNG sued construction contractor Kiewit, alleging it passed confidential documents to Shell, including proprietary project development, design, configuration methods, and detailed information about the multi-billion-dollar facility's design and construction.
Asia spot LNG prices above 7-month high on hot weather, Middle East tensions
Asian spot liquefied natural gas (LNG) prices rose this week to their highest level in more than seven months as high temperatures in Japan and South Korea boosted power demand and amid heightened geopolitical risks due to tensions in the Middle East.
Russian pipeline gas exports to Europe reach highest this year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June.
Targa Resources beats 2Q core profit estimates, announces $1-B buyback program
Targa Resources has beat estimates for its 2Q core profit, helped by higher volumes of natural gas and natural gas liquids (NGLs) across its pipelines.
WPC JV takes FID on the 2.5-Bcfd Blackcomb Pipeline project in Texas (U.S.)
The WPC JV (WhiteWater, MPLX, Enbridge) have taken FID on the Blackcomb Pipeline project, which will transport 2.5 Bcfd of natural gas from the Permian Basin to the Agua Dulce area in South Texas (U.S.).
U.S. oil and gas mergers continue at furious pace in 2Q
U.S. oil and gas patch deals continued to run hot in 2Q, topping $30 B with big dollar tie-ups pushing values higher.
Australia's Origin Energy reports APLNG revenue dip on lower prices, volumes
Shares of Origin Energy marked their biggest intraday loss in eight months on Wednesday after the firm posted a drop in quarterly revenue from its stake in the Australia Pacific LNG project, reflecting a fall in gas sales and prices.
Iberdrola faces up to $535-MM claim from Pavilion in LNG contract dispute
Spanish utility Iberdrola faces claims worth up to $535 MM in an arbitration process launched by Singaporean liquefied natural gas (LNG) company Pavilion Energy over a supply contract.
Column: Power sector drives growth in U.S. natural gas demand
The power sector is the only major consumer of natural gas that has shown consistent demand growth in recent years, and has become the driving force behind natural gas demand in the U.S. as consumption from other sectors declines.
Canada's TC Energy to sell pipeline stake to some indigenous communities for $722 MM
Pipeline operator TC Energy said on Tuesday it would sell a minority stake in some of its Canadian assets for C$1 B ($722.1 MM) to certain indigenous communities as part of its plan to reduce debt and fund investments.
India's Adani Total Gas posts 1Q profit rise on strong CNG demand
Adani Total Gas reported a jump in 1Q profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher.
Asia's LNG imports shift higher as Europe's fades
Asia continues to draw liquefied natural gas (LNG) from Europe with imports in July rising to the most in six months, even as spot prices stayed near seven-month highs.
Pieridae announces sale of Goldboro, equity financing, full repayment of bridge loan, production shut-in
Pieridae Energy Ltd. has completed the sale of its Goldboro assets and has issued notice to repay in full the company’s subordinated secured bridge loan.
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
