Oil & Gas Journal

2 weeks ago | ogj.com | Christopher E. Smith

Hugh BrinsonEnergy Transfer LP late last year took final investment decision on  its 2.2-bcfd Hugh Brinson natural gas pipeline, previously named Warrior. The 400-mile, 42-in. OD pipeline will connect Permian basin production to multiple markets, with the company expecting initial in-service by end-2026. Construction will take place in two phases, with Hugh Brinson’s 1.5-bcfd Phase 1 delivering gas  from the Waha hub to Maypearl, Tex., south of Dallas-Fort Worth, by that end-2026 target.

2 weeks ago | ogj.com | Conglin Xu |Laura Bell-Hammer

After reaching a high of $81/bbl on Jan. 15, the spot price of West Texas Intermediate (WTI) crude oil fell sharply in April to below $60/bbl, the lowest level in 4 years. The decline was mainly driven by market concerns about weak crude oil demand and the imposition of trade tariffs by the US.

2 weeks ago | ogj.com | Christopher E. Smith

Aker BP, Höegh receive approval for NCS CCS vessel-typeThe vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, will transport CO2 from European industrial emitters to offshore sequestration sites EXL 005 Poseidon and EXL 011 Atlas on the Norwegian Continental Shelf. Rendering from Höegh Evi. Aker BP and Höegh Evi have received an approval in principle from DNV for a next-generation 50,0000-cu m liquefied CO2 carrier.

3 weeks ago | ogj.com | Camilo Ciruzzi

Argentine oil and gas company Petroquímica Comodoro Rivadavia SA (PCR) received regulatory approval to proceed with full development of Block 90 Sahino in Ecuador’s Oriente basin. The plan was formally authorized by Ecuador’s Ministry of Energy and Mines late May, and disclosed in a market filing before Argentina’s Comisión Nacional de Valores June 2. PCR Ecuador SA submitted the development proposal to Ecuadorian authorities following years of exploratory activity in the area.

3 weeks ago | ogj.com | Camilo Ciruzzi

YPF, Eni sign project development agreement for Argentina LNGThe agreement, which builds on a memorandum of understanding signed in April, is a step toward a final investment decision that could be finalized by yearend, said YPF CEO Horacio Marín. Argentina’s YPF SA and Italy’s ENI SpA signed a project development agreement today in Rome, advancing collaboration on the Argentina LNG export project, underpinned by natural gas from the Vaca Muerta shale formation.