management
IEA: Global gas markets to remain tight on rising demand
Global natural gas markets will remain tight this year as demand rises and output grows more slowly than before the energy crisis of 2022 and the pandemic of 2020-2021, a quarterly report by the International Energy Agency (IEA) said.
Trump to declare 'national energy emergency' to boost fossil fuels, power projects
President Donald Trump laid out a sweeping plan to maximize already record high U.S. oil and gas production by declaring a national energy emergency, stripping away excess regulation, and withdrawing the U.S. from an international pact to fight climate change.
Trump's energy department pick to call for more LNG and nuclear power
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power.
Poland's Orlen plans to invest up to nearly $92 B by 2035
The company aims to meet all of Poland's domestic natural gas demand over the next decade by increasing production and boosting LNG contracting, as well as adding gas-fired power generation capacity, energy storage and other infrastructure.
LNG exporter Venture Global targets up to $110-B valuation in blockbuster U.S. IPO
Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering, setting the stage for the first blockbuster stock market flotation in 2025.
CB&I awarded lump-sum EPC contract for Ruwais LNG project in the UAE
CB&I announced that it has been awarded a lump sum contract by TJN Ruwais JV for engineering, procurement, and construction of two cryogenic tanks and associated civil, structural, mechanical and piping works for its Ruwais LNG project in the UAE.
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 announced that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of $2.2 B, subject to customary purchase price adjustments.
U.S. LNG gas demand hits record high on last day of the year
U.S. natural gas demand from LNG plants hit a record on December 31, 2024, climbing to 15.2 billion cubic feet in a sign of a strong year ahead from the startup of two new gas-processing plants.
Steelhead LNG initiates new legal proceedings against Cedar LNG in British Columbia (Canada)
Steelhead LNG announced the filing of new legal proceedings against Cedar LNG, Pembina Pipeline Corporation and ARC Resources Ltd. in British Columbia in relation to the Cedar LNG Project.
Gasunie updates its national hydrogen network rollout plan
Over the coming years, Gasunie subsidiary Hynetwork will be rolling out the national hydrogen network for the Netherlands in various stages. In this interview, Helmie Botter, Business Development Hydrogen Manager at Gasunie, and Joost Hooghiem, Director of Hydrogen Network Netherlands, explain the current status.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
bp and XRG close deal to launch new natural gas platform
bp and XRG have reached financial close and completed formation of their new joint venture and international natural gas platform – Arcius Energy. The JV will initially focus on development of gas assets in Egypt.
Europe energy markets are well supplied but prices too high, SEFE CEO says
European energy markets are very well supplied but market prices are significantly higher than before, leading to Europe losing a competitive edge in the global economy, the head of nationalized German energy firm SEFE said.
Fulkrum announces new Iraq entity and major gas project
Fulkrum announced the launch of its new entity in Iraq. This company will provide surveillance services for a major Gas Hub development project in the region.
Minimize GHG emissions (methane) from compressor stations transporting natural gas through pipelines
Compressor stations for transporting natural gas can be the source of considerable greenhouse gas (GHG) emissions (methane emissions) if not controlled. Oil and gas companies along the natural gas supply chain are under pressure to reduce GHG emissions. This article details the various sources of such emissions and the options available to control and mitigate them.
Case Study: Providing a proactive risk management approach for rupture mitigation valves
U.S. federal natural gas pipeline regulation 49 CFR 192.935(c) requires that operators perform a risk analysis to determine where the use of rupture mitigation valves (RMVs), such as remote-controlled valves and automatic shutoff valves, may be efficient to add protection to high consequence areas.
Woodside to bring in several partners to Louisiana LNG project by March
Woodside Energy expects to bring several partners into its Louisiana liquefied natural gas development by the time the company gives the financial go-ahead to the U.S. project in the first quarter of 2025, said its CEO. Australia-listed Woodside is seeking to sell a 50% stake in the Louisiana LNG project.
Trump prepares wide-ranging energy plan to boost gas exports
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new LNG projects and increase oil drilling.
Day 2 of WGLC 2024 begins with Chevron speaker’s inspiring, relatable message
The enthusiasm was evident as Day 2 of WGLC – Women’s Global Leadership Conference in Energy – began on Wednesday in Houston. Kelley Henderson, General Manager of Category Management and Projects for Chevron, entered the stage to the popular song, “Fight Song,” by Rachel Platten, greeting a full ballroom of attendees.
WGLC 2024: Transitioning to leadership
While leadership was the overarching focus of the conference, panel and keynote topics ranged from concerns like work-life balance and industry cultural expectations, to practical leadership strategies and the diverse possibilities of career trajectories in the industry.
WGLC 2024 opens with strong call for women’s leadership in energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
Crown LNG rushing to develop and start building US LNG plant while Trump in office
Crown LNG is racing against time to develop and start construction of a 9-MMtpy LNG export plant in the U.S. before President-elect Donald Trump's second term ends in 2029. "We were sincerely hoping that he (Trump) would be there to support the industry because certainly the old administration was against it, quite simply," CEO Swapan Kataria said.
ADNOC Gas signs 10-yr LNG SPA with India’s GAIL
ADNOC Gas has signed a 10-yr Sales and Purchase Agreement (SPA) with GAIL India Limited to supply up to 520,000 tpy LNG, starting in 2026. The SPA converts the previous Heads of Agreement between ADNOC Gas and GAIL, announced in January, into a definitive agreement.
ADNOC GAS to acquire 60% of Ruwais LNG from ADNOC, valued at $5 B
ADNOC Gas expects ADNOC to transfer its 60% share of the Ruwais LNG Project to the company at cost - estimated to be around $5 B - in the second half of 2028.
China's Sinopec signs agreement for 15-yr LNG deal with TotalEnergies
China's state oil and gas major Sinopec Corp said it has signed Heads of Agreement to buy from TotalEnergies 2 MMtpy of LNG a year for 15 yrs starting 2028.
ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation
ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level of autonomy and precision to critical tasks, from seismic analysis to energy efficiency and real-time process monitoring.
JPMorgan looks to resume trading physical LNG
JPMorgan Chase is in talks to resume trading physical LNG after more than a decade. The bank has had talks with at least three projects under development in the Gulf Coast to get a long-term LNG supply.
Proven methods to lower costs and boost safety in gas distribution operations
Gas distribution systems exist in a multitude of applications. A crucial element of proper system function is ensuring gases are transported safely, keeping critical processes in place. This article details proven methods to lower costs and boost safety in gas distribution systems.
bp's head of LNG trading to leave at year-end
bp's head of liquefied natural gas LNG trading, Jonty Shepard, will be leaving the company at the end of the year.
Gulf Energy Information's WGLC celebrates 20 years
Gulf Energy Information (Gulf) is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), taking place November 19-20, 2024, at the Marriott Marquis, Houston, Texas.
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Nicor Gas celebrates its first renewable natural gas interconnection
- Phillips 66 outlines nearly $3-B capital program for 2025
