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News
Enbridge to Acquire Tallgrass Pipelines for $2.55B
3+ day, 23+ hour ago (504+ words) Enbridge Inc on Wednesday announced an agreement to buy Tallgrass Energy LP's crude oil business for $2.55 billion in cash. The acquisition includes a 75 percent stake in the Pony Express Pipeline, which carries up to about 460,000 barrels per day (bpd) of…...
EU Faces Worst Gas Storage Position in Decades, WoodMac Says
4+ day, 4+ hour ago (950+ words) In a press note sent to Rigzone recently, Wood Mackenzie warned that Europe faces its “weakest” winter gas storage position for nearly two decades. “Approximately 20 percent of global LNG supply has been effectively removed from the market since conflict disrupted…...
Sapphire Expands Southwest Presence into LNG Production
5+ day, 1+ hour ago (355+ words) Sapphire Gas Solutions said Tuesday it had acquired a small-scale liquefied natural gas (LNG) production facility in Ehrenberg, Arizona, part of its efforts to establish a leading vertically integrated merchant LNG platform in the United States. Desert Gas LNG, bought…...
PowerTransitions Acquires 1.24GW Roseton Gas Power Plant in NY
5+ day, 1+ hour ago (530+ words) The gas-fired facility, which has supplied NYISO Zone G since 1974, increases Houston, Texas-based PowerTransitions' capacity to about 1.8 gigawatts (GW) across eight power stations in the PJM, NYISO and ISO-NE markets, it said in a press release. Roseton's "scale and existing…...
Tamboran Starts Supplying Beetaloo Gas to Northern Territory
6+ day, 1+ hour ago (491+ words) Tamboran Resources Corp and Formentera Partners have begun initial gas sales from the Shenandoah South Pilot Project, introducing the Beetaloo Basin as a supplier to Australia's Northern Territory. "Volumes from the field are expected to ramp up to the full…...
ExxonMobil to Acquire Papua LNG Operatorship from TotalEnergies
1+ week, 5+ hour ago (388+ words) TotalEnergies SE has agreed to transfer operatorship of Papua LNG to co-venturer Exxon Mobil Corp, saying the move will help bring the project closer to a final investment decision (FID). The transaction will result in United States energy giant ExxonMobil…...
MOL Completes Unification of Ship Management Units
1+ week, 4+ day ago (277+ words) Mitsui OSK Lines Ltd has consummated the combination of six ship management subsidiaries to streamline safety culture. Singapore-based MOL Global Ship Management Pte Ltd (MOLGSM), previously named MOL LNG Ship Management Pte Ltd, is the surviving company to manage over…...
Empowering People in Oil and Gas
1+ week, 5+ day ago (536+ words) Methanex Corp said Tuesday it expects to indefinitely close production in New Zealand from next year after selling its natural gas supply entitlements. "Given the continued decline in domestic natural gas availability and the lack of a clear pathway to…...
LNG Uplifts Petronas H1 Profit
1+ week, 6+ day ago (467+ words) Malaysia's national oil and gas company has reported MYR 27.2 billion (around $6.73 billion) in profit after tax for the first six months of 2026, up four percent from the first half (H1) of 2025 thanks to higher liquefied natural gas (LNG) exports and higher…...
Eni Takes Over Exploration Block offshore Uruguay
2+ week, 1+ hour ago (492+ words) Italy's Eni SpA has signed an agreement with a subsidiary of Argentina's YPF SA and Uruguay's ANCAP for Eni's entry into the OFF-5 exploration license. Eni will acquire a 50 percent operating stake in the block off Uruguay's Atlantic coast while…...