U.S.

ConocoPhillips to acquire Marathon Oil Corporation for $22.5 B

ConocoPhillips and Marathon Oil Corporation announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 B.

U.S. natgas prices slide 3% on rising output, high stockpiles

U.S. natural gas futures slid about 3% on Wednesday on signs some drillers were starting to pull more gas out of the ground and worries about the tremendous oversupply of gas still in storage.

Hess shareholders sign off on $53 B sale to Chevron

Hess shareholders approved the proposed $53 B merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival ExxonMobil's massive Guyana discoveries.

Aethon Energy to buy Tellurian upstream assets for $260 MM

Aethon Energy will acquire Tellurian's upstream assets for $260 MM and purchase 2 MMtpy of LNG from its Driftwood LNG plant, the companies said on Wednesday.

Pinon Midstream increases sour gas treating capacity in Delaware Basin, New Mexico (U.S.)

Piñon Midstream announced the commissioning of its third 450-gpm amine treating unit, which is now in service at its sour natural gas treating and carbon capture facility, the Dark Horse Treating Facility, New Mexico.

Energy Transfer expands Permian presence with $3.25-B acquisition of WTG Midstream

Energy Transfer said it will buy WTG Midstream Holdings in a deal valued at about $3.25 B, the latest acquisition in the midstream sector aimed at expanding transportation and processing network in the Permian Basin.

Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause

Energy Workforce responds to U.S. Energy Secretary's testimony on LNG export permit pause

U.S. natgas prices jump 6% to 4-month high as rising LNG feedgas boosts demand

U.S. natural gas futures jumped about 6% to a four-month high on Wednesday on lifted forecasts for weekly demand and as more gas was flowing to liquefied natural gas (LNG) export plants with flows to Freeport LNG’s plant in Texas up to an 11-month high.

Youth climate-change lawsuit targets Alaska LNG project

Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights.

Developer seeks permit to send U.S. gas to Mexico for LNG exports

A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements.

Gato Negro Permitium Uno seeks U.S. DOE approval to ship gas to Mexico

Gato Negro Permitium Uno is seeking U.S. permission to export gas to Mexico, turn it into LNG and send it to countries with U.S. free-trade agreements.

Firm building QatarEnergy-Exxon LNG plant in Texas (U.S.) files for bankruptcy

The lead contractor building a Texas LNG plant for QatarEnergy and ExxonMobil on Tuesday filed for Chapter 11 bankruptcy protection, citing challenges at the project.

Lead contractor building Golden Pass LNG plant in Texas files for bankruptcy

On Tuesday, the lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy and ExxonMobil filed for Chapter 11 bankruptcy protection, citing challenges at the project.

Phillips 66 to buy Pinnacle Midland for $550 MM

Phillips 66 agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural gas gathering and processing footprint in the Midland Basin.

Gulfstream LNG export terminal (U.S.) receives FERC approval

Gulfstream LNG, under development in Plaquemines Parish, Louisiana, announced that it has received the U.S. Federal Energy Regulatory Commission approval to commence the pre-filing permitting process, kicking off the regulatory review for its proposed 4-MMtpy modular export facility.

ADNOC purchases stake/offtake from NextDecade LNG (U.S.)

ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade's Rio Grande LNG, along with a 20-yr LNG offtake agreement from Train 4.

Natural gas flows to Freeport LNG in Texas (U.S.) at 5-month high

Natural gas flowing to Freeport LNG's export plant in Texas was on track to hit a five-month high, with a liquefaction train expected to return from a brief upset.

UAE's ADNOC planning US trading expansion

Abu Dhabi National Oil Company (ADNOC) is planning to set up a trading desk in the U.S. as part of the United Arab Emirates-backed oil and gas producer's global expansion efforts.

Waste manager WM explores $3 billion sale of renewable natural gas unit

Waste management firm WM is exploring a sale of its renewable natural gas business that could be worth about $3 B.

U.S. Republican lawmakers urge FERC to approve LNG applications

Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for LNG projects.

Freeport LNG says all three trains in Texas facility are operational

Freeport LNG said that all three liquefaction trains in its Texas facility are in service after ending planned maintenance for the year.

U.S. natgas prices climb 2% to 15-week high on output drop, demand rise

U.S. natural gas futures climbed about 2% to a 15-week high on Wednesday on a drop in output and forecasts for warmer weather over the next two weeks that should boost the amount of gas power generators burn to produce electricity to keep air conditioners humming.

Turkey signs LNG supply deal with ExxonMobil

Turkey's state pipeline company, BOTAS, and ExxonMobil signed an LNG supply agreement, as Turkey aims to diversify its energy sources.

Oneok to acquire strategic U.S. Gulf Coast NGL pipelines for $280 MM

ONEOK will acquire a system of NGL pipelines from Easton Energy for approximately $280 MM.

Sempra revisits choice of Bechtel on Cameron LNG expansion to cut costs

Sempra LNG is revisiting its selection of Bechtel to build its Cameron LNG expansion project in Louisiana due to rising construction costs.

Investments surge on strong demand outlook for LNG bunkering

Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.

Worley selected to support the Bayou Bend CCS project

Worley, a global professional services company of energy, chemicals and resources experts, has been selected to design and evaluate carbon dioxide (CO2) gathering, handling and sequestration facilities for the Bayou Bend CCS LLC (Bayou Bend) joint venture located along the Gulf Coast in Southeast Texas.

NextDecade plans to take FID on LNG train 4 in 2H of this year

In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).

Golden Pass LNG in discussions with contractor, may delay startup

Golden Pass LNG, a JV between QatarEnergy and Exxon Mobil, said it was in ongoing talks with a contractor that could have near-term impacts on activity at its site.

Panama Canal in talks with US LNG producers to increase transit

The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought