natural gas
Russia's Gazprom says H1 net income more than tripled to $10.9 B
Kremlin-owned gas giant Gazprom said on Thursday its first-half net income more than tripled from a year earlier to more than 1 T roubles ($10.9 B), thanks to rising gas exports and cost controls.
Texas (U.S.) narrows gas plant projects vying for $5.4 B in funding
The Public Utility Commission (PUC) of Texas has selected 17 projects, seeking $5.38 B in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants.
Golden Pass LNG asks U.S. regulator for 3-yr extension to complete construction
The developer of a Texas liquefied natural gas export project on Wednesday asked U.S. regulators for a three-year extension to complete construction of the $10-B Golden Pass LNG project, citing scheduling uncertainties. Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil building an 18-MMtpy LNG export project on the Texas coast, wrote that a change in primary contractors requires an extension until November 2029.
ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
ONEOK announced that it has executed a definitive agreement with Global Infrastructure Partners under which ONEOK will acquire interest in EnLink Midstream and Medallion Midstream for nearly $6 B.
Mexico Pacific announces long-term LNG SPA with POSCO International
Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, announced that it has signed a sales and purchase agreement of 700,000 tpy of LNG with POSCO International Corporation.
Cyprus mulls ending gas imports monopoly to address project delays
Cyprus wants to end a state monopoly over the import of natural gas in an attempt to find a quick workaround over serious project delays in getting the commodity to market.
KOTUG awarded marine services contract for Eni's Congo LNG project
KOTUG International B.V. announced that it has been awarded a contract for ENI Congo to deliver critical marine services for the Congo LNG project. This project, situated offshore the Republic of Congo, includes the Tango FLNG and the Excalibur Floating Storage Unit, with a second FLNG currently under construction.
INNIO Group “Ready for H2” engines selected to modernize Romania’s CHP plants transition to net-zero
INNIO Group, in collaboration with Clarke Energy, will revamp two major combined heat and power plants in Romania with Jenbacher "Ready for H2" engines.
Linde to invest $2 B in Canada to supply hydrogen to Dow's Alberta chemical complex
Industrial gases firm Linde said it would invest more than $2 B to build a clean hydrogen facility for supplying to Dow's Path2Zero production complex in Alberta, Canada.
Kremlin says Europe will pay more unless Ukraine extends gas transit deal
European consumers will face higher prices unless Kyiv agrees to extend a deal on Russian gas transit via Ukraine once it expires on Dec. 31.
Nu:ionic Technologies (Canada), HybriGenix Futures to collaborate on hydrogen production facility in Canada
Nu:ionic Technologies (Canada), Inc. and HybriGenix Futures Inc. announced the signing of a Memorandum of Understanding (MOU) to collaborate on an innovative clean power and hydrogen production facility in Alberta, Canada.
New Zealand to pass laws to expediate LNG imports amid energy shortages
New Zealand said it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import LNG amid energy shortages.
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.
Qatar strikes another 15-yr LNG supply deal with Kuwait
Qatar agreed to supply Kuwait with 3 MMtpy of LNG for 15 years, as Kuwait imports the fuel to help meet rising demand for power generation.
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.
Europe gas prices vulnerable to Ukraine transit stop, says TotalEnergies CEO
The future of Russian gas transit through Ukraine remains a key uncertainty for European gas prices, even as the continent heads into the winter with full storages.
Amigo LNG secures supply agreement with E&H Energy
Amigo LNG announced that it has entered into a long-term LNG supply agreement with E&H ENERGY SDN BHD of Malaysia.
New research reveals increasing strategic importance of maintenance in oil and gas industry operations
Jotun has published a new report, derived from a survey of over 1,000 senior professionals, showing that 88% of respondents anticipate an increase in maintenance budgets over the next five years and 75% say that the requirement to report on environmental performance has led to increased investment in maintenance.
Egypt plans to return oil, gas production to normal from 2025, PM says
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners.
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.
Pier Solutions, H2scan announce partnership for market-leading hydrogen sensors and technology
Pier Solutions has announced a strategic partnership with H2scan. The new collaboration brings revolutionary hydrogen sensor technology to Europe for the first time allowing Pier Solutions to be a key part of expanding H2scans global reach.
Hungary's energy supply is secure, foreign minister says
Hungary's energy supply is not in danger, its foreign minister said on Wednesday, adding that the state's gas supply is not threatened by the ongoing fighting in Sudzha in Russia's Kursk region, as other pipelines transport sufficient amounts of gas.
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.
PPG launches PPG PITT-THERM 909 spray-on insulation coating for oil and gas, infrastructure industries
PPG announced the launch of PPG PITT-THERM® 909 spray-on insulation (SOI) coating. This silicone-based coating is designed for high-heat environments in the oil and gas, chemical, petrochemical and other critical infrastructure industries.
Florida cranking fossil fuel use, natural gas provides 72% of state’s power
The United States' third most populous state has the country's dirtiest major power system, and looks set to become a stand-out by remaining highly dependent on fossil fuels even as the rest of the nation transitions power systems towards cleaner energy.
NextDecade withdraws carbon capture and storage application at FERC
NextDecade Corporation announced that its subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding.
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.
Russia complains to Germany over Nord Stream sabotage probe
Russia has complained to Germany over its investigation into the 2022 explosions that ruptured the Nord Stream gas pipelines after a key suspect escaped arrest in Poland.
Woodside gets environmental go-ahead for Scarborough project, green group backs down
Woodside's $12.5-B Scarborough gas project in Western Australia has all primary environmental approvals in place after a green group agreed to dismiss its challenge in a federal court.
U.S. appeals court scraps natural gas pipeline safety standards
A U.S. appeals court has tossed out several natural gas pipeline safety standards adopted by President Joe Biden's administration following industry criticism about the massive costs on pipeline operators.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- Power Knot LLC receives continued orders from ExxonMobil PNG for food waste digester consumables, spare parts
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
