Natural Gas Pipeline

The U.S. Natural Gas Prices for Monday in West Texas' Permian Shale Basin turned negative due to the fall pipeline maintenance. The financial company LSEG reported that the average gas production in the Lower 48 States has fallen to 107.6 bcfd so far in September. This is down from a monthly record of 108.3 bcfd set in August. The Waha Hub spot gas price has been boosted by traders who have noticed that the Permian Basin is flooded with gas due to the maintenance of the pipeline. The price of British thermal units (mmBtu), which was 6 cents on Friday,...

Two sources who have direct knowledge of this matter said that a group of investors, led by BlackRock’s Global Infrastructure Partners, is in discussions with lenders in order to secure financing of up to $10 billion for Aramco’s Jafurah deal. Two sources confirmed that JPMorgan, Japan's Sumitomo Mitsui Banking Corporation, and other banks are in discussions to take part in the transaction. This will allow Aramco the opportunity to receive cash up front in exchange for regular payments. They declined to name the individuals because it was not public information. Aramco BlackRock JPM and SMBC all declined to comment. Aramco...

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,...

The CEO of Srbijagas, the state-owned gas company, said that the Serbian oil company NIS, which is owned by Russian Gazprom and Gazprom in majority, had submitted a second waiver request to the U.S. on Wednesday. The sanctions may result in a crude oil supply cut for NIS. It operates one refinery in Serbia, with a capacity of 4.8 millions tons per year. This is enough to cover the majority of Serbia's needs. On January 10, the Office of Foreign Assets Control of the U.S. Treasury placed sanctions against Russia's oil industry and gave Gazprom a 45-day deadline to sell...

Russian President Vladimir Putin satisfied Slovak Prime Minister Robert Fico in the Kremlin on Sunday, Russian television speaker Pavel Zarubin said, as a contract allowing for Russian gas to transit through Ukraine nears its expiry date. Slovakia depends on gas going through Ukraine, and Fico has actually criticised Ukrainian President Volodymyr Zelenskiy for refusing to extend the contract, which expires at the end of the year. Kremlin spokesperson Dmitry Peskov later on informed the TASS news company that the talks had actually ended. He said the two leaders would not issue a joint declaration. Peskov, shown in a video posted...

The President Maia Sandu accused Gazprom on Thursday of creating an energy crisis in Moldova. She said the Russian energy giant refused to supply gas via an alternative route, if fuel stopped flowing through Ukraine by the end of the year. Since Kyiv announced that it would not renew its contract with Gazprom at the end of December, Moldova's 2.5 million residents have been preparing themselves for prolonged power outages. Russia provides Moldova with around 2 billion cubic meters of gas each year via Ukraine. This is piped to the breakaway region of Transdniestria which uses the gas to generate...

Russian gas exports through Ukraine to Europe were down more than 3% on Sunday and Monday from levels seen in current months, while nominations for gas to and from Slovakia were stable, data from Gazprom and a. pipeline operator revealed. Russian gas manufacturer Gazprom said it would send. 40.8 million cubic metres (mcm) of gas to Europe through Ukraine on. Monday, up from 40.6 mcm on Sunday however down from more than 42. mcm seen in recent months. Russia halted gas supplies to Austria's OMV in. mid-November due to a contractual conflict and a court decision. to award the Vienna-based...

The following are the top stories in the Wall Street Journal. Reuters has actually not confirmed these stories and does not vouch for their precision. - U.S. satellite television service provider DirecTV said on Thursday it had ended its contract to acquire Echostar's. satellite tv service, which includes rival Dish TV,. over a stopped working debt-exchange offer. - U.S. President-elect Donald Trump is considering picking Kevin. Warsh as his Treasury secretary with the understanding that he. could later on be chosen to lead the Federal Reserve when Jerome. Powell's term as chair ends in 2026. - U.S. President-elect Donald Trump...

Numerous oil companies consisting of Exxon Mobil and Chevron beat an appeal on Monday by customers who implicated them of conspiring with previous U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production, increasing rates at the pump. In a 3-0 choice, the 9th U.S. Circuit Court of Appeals in San Francisco stated 2 dozen consumers could not pursue class action claims due to the fact that they concerned political questions and the oil-producing policies of foreign countries. The court also found an absence of proof that the oil companies violated antitrust law by conspiring to raise rates....

Czech gas transmission system operator NET4GAS has won an arbitration case against Russian group Gazprom Export over payments it was owed, the Czech business said. In a filing late on Thursday, NET4GAS said a tribunal had bought (Gazprom Export) to pay the claimed amount together with default interest and reimburse N4G for the costs of the proceedings. Gazprom and Gazprom Export did not immediately respond to a. request for remark. NET4GAS has said it was declaring 113 million euros from. Gazprom Export after the Russian carrier stopped working to make payments. under contracts following the halt in products to Europe...

President Vladimir Putin stated on Thursday that Russia aims to keep pumping gas through Ukraine to the European Union but included that Moscow could not force Kyiv to keep the transit agreement which expires at the end of this year. As for Ukraine, we are not abandoning this transit, strangely enough. Why? Since we, and Gazprom, intend to satisfy all our commitments to our consumers with whom we have long-term agreements, Putin said. There is a transit contract that ends on December 31 of this year. However if Ukraine refuses this transit, well, we can't. force it, Putin stated. Putin...

Tips that Ukrainian authorities supported by Poland lagged planning and executing the sabotage attack on Nord Stream gas pipelines in 2022 are groundless, the Polish president's assistant stated on Sunday. Germany's previous intelligence chief August Hanning told Die Welt today he believed there were arrangements in between presidents of Poland and Ukraine to carry out the attack. These are completely groundless insinuations, Mieszko Pawlak, head of the global policy bureau at the office of President Andrzej Duda stated when inquired about the allegations by Polsat broadcaster, PAP newswire reported. Pawlak stated Hanning was serving when Gerhard Schroeder was German chancellor...

Russian natural gas continued to transit Ukraine to European customers as typical on Wednesday, Kyiv's gas transmission operator stated in the middle of reports of clashes near the Russian town of Sudzha where Russian gas flows into Ukraine. As of 13:00 Kyiv time (1000 GMT), gas is being transported to European consumers as normal, with no modifications. Nominations have actually been confirmed and the physical flow of gas is maintained, the operator informed Reuters. Russia's Gazprom said it would send out 39.4 million cubic metres (mcm) of gas to Europe via Ukraine on Wednesday, down from 42.4 mcm on Tuesday....

Ukraine's biggest state energy business Naftogaz is preparing to increase its gas and oil production this year in spite of a consistent threat of Russian bombardments, its CEO stated on Monday. CEO Oleksiy Chernyshov stated that Naftogaz prepares to produce 15 billion cubic metres of natural gas and 2 million tonnes of oil in 2024. In 2023, the company's gas production amounted to 14 bcm of gas Chernyshov said that Naftogaz's assets, which include gas. storage, oil and gas production centers and circulation networks, and other facilities were under constant hazard of Russian barrages as the war nears its 29th...