Natural Gas Pipeline

New Fortress Energy, a U.S. LNG company, posted a larger loss for the second quarter on Friday as lower contributions from asset sales affected its performance. The New York-based firm reported a net profit of $556.8 millions, or $2.02 per common share, for the three months ending June 30. This compares to a $86.9million loss, or 44c per share, one year ago. NFE's revenue total fell from $428.8 million to $301.7 in the second quarter. The company's core adjusted earnings dropped to a loss $3.7 million, from a profit $120.2 million one year ago. New Fortress Energy's earnings were negatively...

Enbridge announced on Tuesday that it had reached a final decision on whether to proceed with the Algonquin Gas Transmission (AGT) Pipeline Expansion to take advantage of the increasing natural gas demand in America. Gas production is expected to rise in the U.S. despite a plateau in oil production. This will be to meet an increase in electricity demand and a boom in exports of liquefied gas. To meet the growing demand, U.S. Pipeline firms such as Kinder Morgan, Williams and Energy Transfer are investing billions of dollars to build hundreds and miles of new pipelines. This includes the Northeast....

The national gas transmission operator announced that Ukraine will increase its natural gas imports from 22 million cubic meters (mcm), which was the level on Sunday, to nearly 24 mcm by Monday. In recent weeks, Ukraine has imported about 22 mcm per day of gas. The country must store at least 13 billion cubic meters of gas underground for winter heating. Operator data indicated that Ukraine will increase its gas imports to Poland from 7,7 mcm Sunday, up to 10,4 mcm Monday. The country will also import gas in Hungary and Slovakia. Since Russian missile attacks this year, the domestic...

People familiar with the situation said that Harvest Midstream, which is owned by the founders of Hilcorp Energy and privately held, has reached an agreement to purchase natural gas gathering assets worth around $1 billion from MPLX. Houston-based Harvest has midstream assets across multiple oil and natural gas plays. This includes the Bakken Shale in North Dakota and Alaska. The company was founded by Jeff Hildebrand who is also the owner of Hilcorp, the largest private oil & gas company in the United States. According to the sources, Harvest will be able to expand into the Uinta shale basin, as...

WhiteWater announced on Monday that it and its partners had reached an investment decision for the Eiger express pipeline. The Eiger express pipeline is designed to carry up to 2.5 billion cubic foot per day (Bcfpd), of natural gas, through 450 miles of 42 inch pipe from the Permian basin to the Katy region in Texas. WhiteWater, MPLX LP and ONEOK, as well as Enbridge and WhiteWater, via their Matterhorn joint-venture, made the decision to proceed after securing enough transportation agreements with primarily investment-grade shippers. Midstream companies usually make a final decision about projects after they have secured sufficient supply...

Analysts predict that U.S. LNG exports will increase by 10% per year until 2030, as energy companies double their capacity to produce the gas. This will give a boost to the maturing U.S. Shale industry, which has seen its growth slow down and costs rise. While the U.S. has been the largest producer of oil and gas in the world, many of its most productive drilling sites have already been exploited. Gas remains the bright spot in the industry, despite the fact that oil production will plateau or even fall over the next few months. This is largely due to...

The U.S. National Labor Relations Board structure was likely illegal, according to a U.S. appellate court that ruled on Tuesday. It also blocked the agency's ability to pursue cases against SpaceX and other companies. The 5th U.S. Circuit Court of Appeals in New Orleans has issued a ruling. The 5th Circuit Court of Appeals, based in New Orleans, is the first appeals court to rule that a law protecting NLRB administrative judge and the five board members from being fired at will by the President is likely illegal. The 5th Circuit said on Tuesday that the protections against removal prevent...

Canadian Natural Resources, which has benefited from increased oil and gas production, surpassed Wall Street's expectations for the second quarter profit on Thursday. The Trans Mountain Pipeline Expansion (TMX) has been a boon to oil producers across the country. The TMX has tripled oil flow to Canada's Pacific Coast, from landlocked Alberta. It also raised the price of Canadian crude. Canadian Natural, based in Calgary, Alberta, said that its total production rose to 1,42 million barrels equivalent per day (boepd), from 1.29 millions boepd, a year ago. According to LSEG, the country's biggest oil and gas company posted an adjusted...

Energy Transfer, a U.S. exporter, said that despite the fact that U.S. ethane restrictions have been lifted, it will be more difficult for Chinese companies to enter into contracts, even though these restrictions were already lifted. In late May and early in June, the U.S. imposed restrictions on exports to China including ethane. They did this after Beijing was accused of limiting shipments of rare Earths essential to automakers and many other industries. Last month, the restrictions were lifted. However, they caused disruptions in ethane flows and significant delays for shipments. Marshall McCrea said, "That's a bit of a black-eye...

Williams Companies, a U.S.-based pipeline operator, reported an increase in its second-quarter profits on Monday. It benefited from increased service revenues and gains related to expansion amid a recovery in natural gas prices. The U.S. Natural Gas prices have recovered from multi-year lows. This is due to record flows of LNG exports and increasing electricity consumption. Williams's results were boosted both by the higher fees for fuels transported through its pipelines and revenues from expansions projects and acquisitions. The company operates and owns more than 32,000 miles in pipeline infrastructure. After a U.S. Court revoked the original approval in 2023,...

According to data provided by financial firm LSEG, the Freeport LNG export facility in Texas operated at half its normal capacity on Thursday after a power outage that had taken the plant offline a few days earlier. Freeport LNG, the third largest liquefied gas plant in the U.S., has historically influenced LNG price when there were technical issues. According to LSEG data on Thursday, the facility produced 1.1 billion cubic foot of natural gas, which is about half of what it typically produces when operating normally, 2.2 bcf. The company stated that all of its trains ran on Thursday but...

Freeport LNG announced on Tuesday that the three trains at their facility in Texas were operating after data from financial company LSEG indicated a reduced throughput since last Saturday. Freeport LNG's facility on Quintana Island, the third-largest LNG plant in the U.S., has experienced periodic outages ever since it began operating. Markets closely monitor its operations as in the past, they have influenced LNG price. According to LSEG data, Freeport's feedgas nominated increased to 1.9 bcf from 1.1 bcf Monday. LSEG data shows that when all three trains are running, Freeport pulls between 1.9 bcfd and 2.3 bcfd feedgas. The...

Four people said on Wednesday that Saudi Aramco, the oil giant, is in discussions with Commonwealth LNG about buying liquefied gas from its Cameron, Louisiana facility, to help it strengthen its position in super-chilled fuel markets. Two people have said that the talks are about 2 million tonnes per annum. Aramco as well as Commonwealth LNG have not responded to comments immediately. Aramco wants to increase its LNG portfolio, which is expected to grow by 50% globally by 2030. This is especially true in the United States where LNG capacity will almost double within the next four-years. Rio Grande LNG,...

Iraq's oil minister said that the fire at a pipeline transporting gas from northern Kirkuk oilfields in Iraq to power stations has been contained. The ministry reported that no casualties had been recorded. It cited the North Oil Co., an entity run by the government, which manages northern oil and natural gas fields. Two sources in the energy sector said that an explosion and fire had earlier damaged the pipeline. A North Gas Co official said that an initial investigation showed that corrosion-induced cracks in the section of pipeline that caused the explosion, around 55 km west of Kirkuk, were...

Two energy sources confirmed that an explosion and fire on Monday disabled a gas pipeline from northern Kirkuk oilfields in Iraq to power stations. A representative of the state-run North Gas Co. said an initial inspection revealed cracks in the pipeline due to corrosion, leading to the explosion. The blast occurred around 55 km (35miles) west of Kirkuk. The official stated that "Gas leak caused a blast and fire which stopped gas flow through an internal pipeline transporting gas from Baiji to power stations." A second NGC official confirmed that the repair work was done by technical teams, who rushed...

Morocco, in an effort to diversify the energy sector that is heavily dependent on coal, made the first steps toward the location of a terminal for liquefied gas near the Mediterranean City of Nador. The Moroccan energy industry has expressed interest in the LNG terminal. Morocco is also pushing forward with a plan to increase renewable energy from 45% of installed capacity now to 52% by 2030. In a press release, the ministry announced that the terminal would be connected to an existing pipeline linking Morocco with Spain, as well as to industrial zones in Mohammedia, and Kenitra in the...

Leila Benjamin, the Energy Minister, said that Morocco will issue a statement of interest within a few weeks for a terminal of liquefied gas near Nador in eastern Mediterranean. Benali informed members of the parliament that "this week we will launch a call for expressions of interest in developing the first phase" of the Nador natural gas terminal. Morocco is looking to natural gas as a way to diversify its energy sources and move away from coal. It also continues to push forward with its renewable energy plans, aiming to achieve 52% of the total installed capacity by 2030 from...

The CEO of Pakistan's Oil and Gas Development Company Limited said that the company expects to begin production in Abu Dhabi’s Offshore Block-5 before 2027. It also plans to increase domestic oil and natural gas output and diversify into minerals. OGDCL and Abu Dhabi National Oil Company (ADNOC), partnered in 2021, to explore and develop the oil and gas resources of the block. Ahmed Hayat Lak (Managing Director and CEO of OGDCL) said that the company is still evaluating the reserves, but believes production can start as early as 2027. Lak stated that the company aims to reach 50,000 barrels...

NextDecade, a U.S. producer of liquefied gas, announced on Tuesday that it had signed a 20-year agreement with a Saudi Aramco subsidiary to supply supercooled gas from its Rio Grande plant. The Aramco subsidiary is expected to purchase 1.2 millions tonnes of LNG per year from Train 4 in Rio Grande, which will be its fourth liquefaction plant, if the final investment decision on the facility is positive. In declaring a state of energy emergency, President Donald Trump promised to unleash American power. This strategy includes a growth in LNG exports. In March, the country exported more than 9 millions...

According to company statements and sources, several U.S. producers of LNG are trying to renegotiate with buyers higher prices due to rising construction, labor, and borrowing costs. The higher prices will reduce the competitiveness of U.S. LNG on the global markets, especially at a moment when President Donald Trump wants to expand this industry. Alex Munton is the director of Global Gas and LNG Research at Rapidan Energy Group. He said that "the competitiveness of U.S. Liquefied Natural Gas (LNG) could be affected by a double-whammy." Munton said that rising liquefaction prices, a tighter gas market at home, and declining...

China's petroleum imports jumped in November from a year earlier for the first annual growth in seven months, information showed on Tuesday, as lower prices of Middle East supplies and stockpiling need enhanced purchasing. The world's leading petroleum buyer took in 48.52 million metric heaps last month, information from the General Administration of Customs showed, up 14.3% from 42.45 million heaps a year previously and comparable to about 11.81 million barrels daily. Everyday typical imports are the highest because August 2023 and up from a low base in November 2023 of 10.33 million bpd. In spite of the rebound, year-to-date...

OQEP, the exploration and production organization of Oman's state oil group, has raised $2.03. billion from its going public (IPO) on the local. stock exchange, it stated on Thursday, in the Gulf nation's. greatest ever noting. OQEP, which is drifting around 2 billion shares equal to a. 25% stake, said in a statement the offering was priced at the. top of its a sign series of 370-390 baizas per share and was. oversubscribed by around 2.7 times, consisting of anchor financiers. The listing is part of a privatisation programme by. state-owned energy group OQ, which is assisting Oman - a...

Italy will not utilize unique powers developed to shield properties considered of tactical value for the country in relation to Vitolbacked VTTI's acquisition of Adriatic LNG, Italy's biggest melted gas terminal, 2 sources with knowledge of the matter said. The sources on Tuesday stated Italy had actually cleared the path for the offer to go through by choosing not to use its 'golden. powers' which permit the state to set conditions for an offer or. block it completely. Previously this year ExxonMobil and QatarEnergy agreed. to offer their stakes in the Adriatic LNG terminal, with VTTI. getting a 70% stake...

BlackRockled financiers in Saudi Aramco's gas pipelines network will provide $3. billion of twotranche amortizing bonds to re-finance a loan utilized. to purchase a stake in the holding business in 2021, a bank file. with the last terms showed on Wednesday. The financiers had actually purchased a 49% stake in Aramco Gas Pipelines. Co in a $15.5 billion lease-and-leaseback arrangement. Bond earnings will be used to refinance the $13.4 billion. swing loan that backed the deal. Greensaif Pipelines Bidco, the company indirectly owned by. BlackRock and Hassana Financial investment Co, will raise $1.4 billion. from a tranche due in February...