Natural Gas Pipeline

U.S. Pipeline Operator ONEOK announced on Tuesday that it has purchased the remaining stake in Delaware Basin Joint Venture from NGP XI Midstream Holdings for $940 million in cash and stock. By acquiring the remaining interest of 49.9%, ONEOK gained the sole ownership of this basin. It operates natural gas gathering, processing, and storage facilities in West Texas, and New Mexico’s Delaware Basin. The total processing capacity is over 700 million cubic feet a day. In the last two years, the operator of the pipeline has diversified its portfolio through acquisitions. These include a Gulf Coast NGL system from Easton...

After releasing its final report on the effects of future exports, the U.S. Department of Energy said it would begin to approve or reject pending permits for liquefied gas exports. In 2024, the administration of U.S. president Joe Biden halted any approvals of LNG exports pending the results of a study that would determine whether increasing LNG exports might harm the environment or increase gas prices due to a higher demand for gas from LNG plants. The U.S. is the largest LNG exporter in the world. Triple your export capacity The 2024 study confirms the knowledge that our nation has...

The U.S. Natural Gas Prices for Monday in West Texas' Permian Shale Basin turned negative due to spring pipeline maintenance. The financial firm LSEG reported that the average gas production in the Lower 48 U.S. States has fallen to 103.9 billion cubic feet per day so far in May. This is down from a record monthly output of 105.8 bcfd set in April. Spring maintenance was a part of the reason that some gas pipelines were reduced in output, including the 2.7-bcfd Permian Highway pipe from West Texas' Permian basin to Texas Gulf Coast. Kinder Morgan announced that it will...

Enbridge, a Canadian pipeline operator, sold a stake in the Westcoast Natural Gas System to a group of 36 First Nations. This was the first deal that included financing through a federal loan program designed to help Indigenous groups to own parts of resource project. Enbridge announced on Thursday that Stonlasec8 Indigenous Alliance would buy a 12.5% share in its Westcoast Pipeline for C$715,000,000 ($511.19million). The pipeline runs 2,900 km (1,802 mi) from the northeast of British Columbia to Canada-U.S. Border, with a daily capacity of 3.6 Billion cubic feet of gas. First Nations in Canada are buying more stakes...

New Fortress Energy reported a loss for the first quarter of the year on Wednesday. The U.S. LNG company struggled to perform well across all its segments. This sent the shares plummeting nearly 19% during extended trading. Excelerate Energy purchased the company's assets and operations in Jamaica for $1.06billion. The New York company delayed its announcement of first-quarter results from Monday to allow it to complete the deal. Wes Edens, CEO of Excelerate, said: "The sale of our Jamaican assets is a milestone for our company. We are able to streamline our operations while paying down corporate debt by selling...

Ship tracking data revealed that U.S. natural gas liquid exports reached a new record in April despite a trade dispute between the U.S. Recent trade developments have put at risk U.S. Exports of Natural Gas Liquids (NGLs), like ethane butane and propylene, which are used in the manufacture of plastics, chemicals, as well as heating and cooking. U.S. Exports have reached a new record every year since 2010, thanks to an abundance cheap shale gas. NGLs are the newest energy products caught up in the trade war between two of the largest economies. According to the U.S. government's statistical agency,...

Energy Transfer, a U.S. pipeline firm, said on Tuesday that it was close to a decision on the Lake Charles liquefied gas project. A Japanese company who declined to be named had agreed on a purchase of 1 million metric tons of LNG at the proposed export facility. The Biden administration refused to extend Energy Transfer's export license to other countries than those with which the United States has free trade agreements. Lake Charles was therefore the first LNG project to be affected by this refusal. Former President Biden declared a ban on all new LNG export licenses pending the...

Williams Companies announced on Monday that CEO Alan Armstrong would step down from his position after 14 years as the leader of the U.S. Pipeline Operator. Armstrong, who has been with Williams for nearly 40 years, will be replaced by Chad Zamarin. Zamarin is the current executive vice president for corporate strategic development. He joined the company as a new employee in 2017. Williams also beat its quarterly earnings expectations and increased its annual profit forecast on Monday, as it leaned on a rising demand for natural gases, which was driven by an increase in electricity consumption in homes and...

ONEOK, the U.S. pipe-line operator, reported a marginal drop in its first-quarter profits on Tuesday. This was due to higher operating costs and divestments. In extended trading, shares were down 3.7% to $84.60. Operating costs for the first quarter of 2018 increased by 32%, to $752 millions. This was mainly due to higher employee expenses. Over the last two years the company has diversified its portfolio by acquiring assets, such as a Gulf Coast NGL pipe system from Easton Energy or Medallion Midstream or EnLink Midstream. ONEOK will begin transporting refined products, oil and other petroleum products in 2023 after...

Morgan Stanley Infrastructure Partners has been exploring the possibility of selling its majority stake in Brazos Midstream II. The deal is expected to be valued at over $2 billion, including the debt, according to three sources familiar with the situation. Brazos transports natural gas, liquid natural gas and oil from wellheads in five Texas counties into larger pipelines located on the Delaware portion of Permian basin. The company owns infrastructure, including natural gas storage and compression capability. The people who spoke to us asked not to be named because they were private discussions. Investment bankers from Jefferies Financial Group have...

Kinder Morgan, the U.S. operator of pipelines and terminals, narrowly missed Wall Street's expectations for its first-quarter profits on Wednesday. This was due to a decline in its pipeline products segment and increased costs. The energy industry is bracing for the impact of U.S. president Donald Trump's tariffs against most Canadian and Mexican imports. These include levies on imports of steel, "reciprocal tariffs" on other nations as well as falling oil prices. Kinder Morgan, however, left its profit forecasts unchanged because it continues to bet on a rise in the demand for natural gas. The terminal operator said that tariffs...

Energy Transfer, a pipeline company that is developing an LNG export facility in Louisiana has asked federal regulators to extend by three years the deadline for the construction of the plant. Energy Transfer's Lake Charles Project is expected to benefit by President Donald Trump’s effort to unleash American Energy through support for oil, gas and LNG Exports. The United States has already become the largest LNG exporter in the world, and is a major supplier of natural gases to Europe. The refusal of the Biden administration to extend the license for Energy Transfer to export to other countries than those...

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...