Industry News

European Energy signs deal to develop renewable energy in Oklahoma

The agreement includes the development of solar, wind, battery storage and Power-to-X technologies such as green hydrogen, methanol and e-SAF, according to the Danish developer.

ONEOK announces completion of NGL fractionation and pipeline expansion projects

ONEOK has announced the completion of MB-6, a 125 000 bpd natural gas liquids (NGL) fractionator in Mont Belvieu, Texas, and the full looping of the West Texas NGL Pipeline system.

Historic tender ended in historic flop: A huge setback for Denmark’s green ambitions

Stakeholders deemed the risk not worth the reward. After the flop of Danish offshore wind tender, energy minister admits that things look bleak for the next round in April.

Danish offshore wind tender fiasco costs state dearly

Danish offshore wind plans have collapsed, but Climate Minister Lars Aagaard denies that the government should have listened to the many warnings that the tender conditions were too poor.

Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus

Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.

Aramco, SLB, and Linde to Develop Major Carbon Capture Project in Saudi Arabia

Saudi Aramco, SLB, and Linde plan to build a carbon capture and storage project in Jubail, Saudi Arabia. Set for completion by 2027, it aims to store up to 9 million metric tons of CO₂ annually, supporting Aramco's net-zero goals.

China Implements Rules to Cut Fuel Pipeline Transport Costs

China introduces new rules to lower fuel transport costs by pipeline starting January. State planner NDRC will regulate maximum revenues for PipeChina, aiming to reduce costs for end-users and ensure efficient oil product transport.

Woodside Partners with Bechtel for Louisiana LNG Project Development

Australia's Woodside Energy Group said on Thursday it has signed an engineering, procurement and construction contract with U.S. engineering firm Bechtel to develop the Louisiana LNG project.

Russian Oil Halted Through Druzhba Pipeline to Czech Republic, Unipetrol Confirms

Russian crude oil flows to the Czech Republic through the Druzhba pipeline remained halted on Thursday, refiner Unipetrol said.

Sembcorp Secures 10-Year LNG Deal with Chevron's Singapore Unit

Sembcorp Industries on Thursday said its unit, Sembcorp Fuels signed a deal with Chevron USA's Singapore unit to import up to 0.6 million tonnes of liquefied natural gas (LNG) annually starting in 2028.

Biden Administration to Release LNG Study by Mid-December

The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas exports by the middle of this month, a Department of Energy official said on Wednesday.

Matador to Sell Pronto Midstream Stake for $600 Million to San Mateo JV

Matador Resources has agreed to sell its wholly-owned subsidiary, Pronto Midstream, to San Mateo Midstream, a joint venture where Matador holds a 51% stake.

Venture Global Challenges FERC's Call for Additional LNG Environmental Review

Venture Global LNG on Wednesday slammed a U.S. call for an additional environmental review of a proposed Louisiana LNG project as unnecessary, adding that it will be ready to begin construction once the project gets a final go-ahead.

ONEOK Completes NGL Fractionation and Pipeline Expansion Projects

ONEOK Inc. announced the completion of two key natural gas liquids (NGL) infrastructure projects: the MB-6 fractionator in Mont Belvieu, Texas, and the looping of the West Texas NGL Pipeline system.

Vattenfall drops bid for offshore wind farm due to poor business case

The bidding deadline for Denmark’s largest offshore wind tender to date has passed, and the Swedish power company explains its reason for withdrawing from the process.

Matador Resources Company announces contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC

The transaction is expected to close prior to 31 December 2024.

US offshore farm gets crucial approval

Up to 2 GW of offshore wind farms on the US east coast look set to clear regulatory hurdles before next month’s change of government. ”Proud moment,” says former Ørsted CEO.

Danish investor puts up EUR 38m for venture into geothermal energy

Two Danes with a background in tech are entering the field of geothermal energy. With EUR 38m at disposal, they are chasing startups globally that develop geothermal energy and can generate returns. 

New York approves 2.3GW of new wind projects in effort to meet clean energy goal

The 23 projects, covering onshore wind and solar, will collectively result in an estimated USD 4.7bn in investments.

Shell and Equinor join forces to create “UK’s largest independent oil and gas company”

The two European oil companies join forces to ensure longer lives for UK oil and gas fields. The new company will “play a crucial role in a balanced energy transition”, says CEO(?)

Equinor and Shell to create the UK’s largest independent oil and gas company

The incorporated joint venture (IJV) will be set up to sustain domestic oil and gas production and security of energy supply in the UK.

Extra costs could push historic offshore window tender over the edge

Increased establishment costs, interest rate hikes and inflation have created a lot of excitement about whether there will be enough bids in the coming Danish offshore wind tender.

AGDC announces support towards funding on LNG pipeline

Alaska LNG Phase 1 is the in-state pipeline portion of Alaska LNG designed to bring North Slope natural gas to Interior and Southcentral Alaska.

Shell slows down on offshore wind investments

The rationale behind the decision is to reduce costs and increase earnings.

Total Energies in major green deal: Buying up in Europe and selling out in the US

French oil company acquires major German project developer for over billion euro while also divesting US solar and battery storage projects.

Ekstra omkostninger kan skubbe historisk havvindudbud ud over kanten

Den grønne industri venter spændt på deadline for den første del af det danske havvindudbud. Rentestigninger og inflation har skabt stor spænding om, der kommer tilstrækkeligt med bud.

Shell Completes Sale of Houston-Area Pipeline Assets to Edgewater Midstream

Shell Pipeline Company and its subsidiary Triton West have completed the sale of the Sinco pipeline system and Colex terminal to Edgewater Midstream.

Nut Tree and Caspian Urge Martin Midstream Unitholders to Reject Merger with MRMC

Nut Tree and Caspian Capital argue that MMLP’s merger proposal relies on a "deeply flawed" valuation and disproportionately benefits Ruben Martin III, MRMC's controlling figure, at the expense of unitholders.

Summit Midstream Completes Acquisition of Tall Oak Midstream III

This acquisition significantly boosts Summit’s natural gas portfolio, bringing its balance to about 50% natural gas-focused operations.

QatarEnergy Signs Long-Term LNG Deal with Shell for China Delivery

State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China.

Rising LNG Terminal Costs to Weaken Competitiveness of New U.S. Projects, Analyst Says

Rising construction costs for U.S. LNG export plants, such as Venture Global's Plaquemines and Golden Pass LNG, are expected to reduce the competitiveness of new U.S. projects, analysts at Poten & Partners predict. Increased natural gas demand and a potential rise in prices could further challenge U.S. gas exports.

Shell sænker farten på investeringerne i havvind

Formålet er at reducere omkostningerne og øge indtjeningen, lyder baggrunden for beslutningen.

Pål Eitrheim moves from Equinor to Statkraft

The head of renewable energy becomes EVP for business area Nordics at the Norwegian utility.

Wind turbine recycling in focus at Gothenburg seminar

Many leading players from the wind industry are gathered at a seminar in Gothenburg today and tomorrow to learn and discuss how best to dispose of or recycle the scrap from end-of-life wind turbines.

Vestas CFO exit sends share price plummeting: “Investors are wondering if he was fired”

Vestas’ share price continues its decline in the wake of news that CFO Hans Martin Smith will step down at the end of the year. Investors are nervous and reacting to the timing, analysts explain.

Edgewater Midstream announces close of acquisition of assets from Shell

Edgewater has announced that it has closed the previously announced acquisition of the Sinco pipeline system and Colex East and Colex West Terminals.

Shell, Eviny and Lyse withdraw from Utsira Nord

”In our opinion, there is too much risk associated with it,” says Jan Soppeland, Head of Policy and Advocacy at Shell Norway.

Ebara Elliott Energy: major electrical upgrade at Jeannette, Pa. facility

Ebara Elliott Energy announces a major electrical upgrade in Jeannette, Pa., boosting compressor testing capabilities.

SGN announces completion of world’s first domestic hydrogen gas network

Green hydrogen gas, created using renewable electricity from a local 7 MW offshore wind turbine, will flow through the new 8.4 km network when it goes live next year.

European Energy to build wind farm in Australia

The partnership with First Nations Bailai, Gurang, Gooreng Gooreng and Taribelang Bunda People Development Corporation is now leading to the development of a wind farm.

Jordan signs agreement to utilise Egypt’s gas infrastructure

This agreement is set to enhance the efficiency of energy resource utilisation and minimise costs.

Statkraft sells out of Irish wind portfolio

Germany’s second-largest bank is buying Irish the wind farm, which became operational in September, from the Norwegian energy company.

CFO leaves Vestas after roughly three years

CEO expresses understanding of his financial right-hand man’s decision to resign after ”three tough years” from the wind turbine manufacturer. The replacement finance chief is not yet ready.

EU Commission and EIB team up for billions in support for battery production

In total, there will be EUR 3bn in public support for the development of a European battery industry.

Biden Administration Disburses Over $100 Billion in Clean Energy Grants as Term Winds Down

U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said.

Pipeline Operator Enbridge Forecasts Higher 2025 Core Profit on Strong Oil, Gas Demand

Enbridge on Tuesday forecast higher core profit for 2025 as the Canadian pipeline operator expects strong oil and gas demand to lift volumes, sending its U.S.-listed shares up 1% in premarket trading.

More U.S. LNG is Needed to Support Asia’s Emissions Reduction Goals, New Study Finds

Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown.

Amazon to Pilot A.I.-Designed Material for Carbon Removal

Amazon.com Inc. plans to pilot a new carbon-removal material for data centers, which are at risk of worsening emissions from artificial intelligence systems they power, a startup behind the deal said.

Colombia's Ecopetrol to Build Green Hydrogen Plant at Cartagena Refinery

Colombia's majority state-owned energy company Ecopetrol ECO.CN plans to build a new green hydrogen plant at its refinery in the Caribbean city of Cartagena for some $28.5 million, it said in a statement on Monday.

U.S. Natural Gas Storage Volumes Highest Since 2016 as Winter Heating Season Starts

The United States started the winter heating season with the highest levels of natural gas in storage since 2016, the U.S. Energy Information Administration said.

China Completes Full Pipeline for Power-of-Siberia Gas

China has built and connected the 5,111-km (3,175-mile) Power-of-Siberia pipeline to deliver gas from Russia's Siberian fields to users as far as the financial hub of Shanghai, Chinese state media reported on Monday.

Jordan Signs Deal to Use Egyptian FSRU Until 2026

Egypt and Jordan have signed an agreement to allow Jordan to use an Egyptian floating storage and regasification unit (FSRU) until 2026, Jordan's energy ministry said on Monday.

Key Vaca Muerta Gas Pipeline Project Approved by Argentina Government

Argentina's government has approved a key $500 million private sector gas pipeline expansion project, the energy secretariat said on Monday, a key signal of state support to boost transport capacity as it ramps up domestic energy production.

Enbridge announces 2025 financial guidance, 3% dividend increase, and reaffirms near-term growth outlook

Enbridge Inc. has announced its 2025 financial guidance and an annualised common share dividend increase from US$3.66 to US$3.77 per share, or 3.0%, effective 1 March 2025.

Totalenergies nears EUR 2bn acquisition of renewable energy developer

The French energy giant is currently in advanced negotiations for the acquisition, according to media reports.

Detect, protect – perfect

Jordan Ferguson, CEO, Pier Solutions, discusses the importance of hydrogen detection and safety in the pipeline market.

NKT explains steep extra bill for Swedish factory

The Danish cable maker upgraded guidance but also spent EUR 268m more on a Swedish cable factory. NKT now explains the large extra bill.

European Energy: Special taxes on solar and wind have increased by 1,000% in five years

Denmark’s green power momentum needs producer payments must be rolled back, PTX requires DKK 5bn in aid, and energy farms must be launched, the developer recommends.

Private equity firm buys 500MW Swedish PTX project

”The Nordic region is exceptionally well suited to producing green fuels,” says private equity fund justifying acquisition of major project to produce sustainable aviation fuel from 2028.

Business organization: State aid is needed to kick-start market for green aviation fuel

The government should create financial security so that both producers of green aviation fuel (e-SAF) and airlines are able to invest in the future, says Green Power Denmark.