PTT Global Chemical America has signed an agreement to develop a natural gas liquids storage facility to serve its proposed $6 billion ethane cracker in eastern Ohio, according to Kallanish Energy. The company made the announcement Wednesday. The deal is with Energy Storage Ventures LLC through its wholly-owned subsidiary Mountaineer NGL Storage, who will develop
Read More...Supplies in the Marcellus and Utica shale plays may finally be connected to markets along the Atlantic Seaboard as the Federal Energy Regulatory Commission approved the Williams Leidy South natural gas pipeline project, according to Natural Gas Intelligence. The pipeline is an extension of the Transcontinental Gas Pipeline system and would source gas produced by
Read More...A federal judge has ordered that the Dakota Access oil pipeline be temporarily shut down by Aug. 5 for an in-depth environmental review of the project, Kallansh Energy reports. That order came from U.S. District Judge James Boasberg in what was a major setback for the Trump administration and the controversial pipeline and a major
Read More...Global wholesale natural gas prices declined in 2019 to reach an average of $3.88 per million British thermal units (MmBtu) – a level not seen since 2016, according to the International Gas Union (IGU). The decline largely reflects the impact of rising global gas supply, which in turn led to sharp falls in spot prices
Read More...Canada’s Supreme Court has dismissed an appeal from British Columbia First Nation groups against expanding the Trans Mountain oil pipeline, Kallanish Energy reports. The court in Ottawa, Ontario, has dismissed appeals from four First Nation groups, effectively ending the year-long legal battle over the project. The court gave no reason for its decision. Work has
Read More...The potential expansion of gas transportation from the Barents Sea region by Gassco would be best achieved through pipeline expansion on a cost-basis, according to analysis conducted by Rystad Energy. Norwegian gas transport system operator Gassco said in January that expanding transportation capacity from the Barents Sea South “can lay the basis for further value
Read More...Australian firm Viva Energy opened its proposed liquefied natural gas (LNG) regasification terminal to commercial partnerships on Sunday, Kallanish Energy reports. Viva Energy plans to develop the LNG regasification terminal alongside its Geelong crude oil refinery, located in Victoria, South Australia. Following successful initial technical studies, the company intends to begin the front-end engineering and
Read More...The United States’ working rig count dropped to a record-low for the ninth straight week, sliding from 265 on June 29 to 263 on July 2, according to the latest count from Baker Hughes. In addition to hitting an all-time low for the ninth week in a row, the U.S. rig count also saw its
Read More...The U.S. Court of Appeals for the District of Columbia has ruled that the Federal Energy Regulatory Commission illegally kept natural gas pipeline opponents from seeking judicial review, according to Kallanish Energy. The decision will affect natural gas pipeline and LNG projects across the United States as it was seen as a major victory for pipeline opponents
Read More...The Marcellus Shale Coalition defended Pennsylvania’s drilling industry and state agencies and criticized a June 25 grand jury report released by Pennsylvania Attorney General Josh Shapiro, according to Kallanish Energy. David Spigelmyer, president of the Marcellus Shale Coalition, outlined the pro-drilling group’s stance in a seven-page letter to state legislators. The letter addresses the grand jury report
Read More...China’s oil and gas company CNOOC announced on Monday a “significant” oil and gas condensate discovery off the South China Sea, Kallanish Energy reports. The discovery of Huizhou 26-6 in the eastern South China Sea is set to become the first mid-to-large sized field in the shallow waters of Pearl River Mouth Basin. The well-encountered
Read More...U.S. natural gas storage build surpassed expectations rising by 120 billion cubic feet (Bcf) in the week ending June 19, according to data from the U.S. Energy Information Administration (EIA). The latest estimates, covering the week of 12-19 June, pointed to a storage level of 3,012 Bcf. The volume is 32.5% higher than the same
Read More...Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and
Read More...Russian gas giant Gazprom is negotiating an additional 6 billion cubic meters per year (Bcm/y) of gas supply to China, Kallanish Energy reports. The company is in talks with its partners to increase gas deliveries via the Power of Siberia, CEO Alexey Miller said in an interview published on Gazprom’s website last Friday. If an
Read More...British giants BP and Ineos announced on Monday a $5 billion global petrochemical deal, covering 14 manufacturing plants across Europe, Asia, and the U.S., Kallanish Energy reports. BP’s departing chief financial officer Brian Gilvary stroke the sale of BP’s petrochemical unit to Ineos – an achievement that concludes BP’s $15 billion divestment target a year
Read More...