The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California is still waiting on an export approval, Infraestructura Energética Nova (IEnova) executives said Thursday.

During a second quarter earnings call, the commitment to the project was reiterated, but there was no fixed date set for when the company expected the export permit from the Mexican government, the only missing piece from a final investment decision.

“I would say I feel fairly confident in the progress we are making,” CEO Tania Ortiz said, adding that the “permitting situation is difficult” with the coronavirus, noting Mexico is behind the United States and Europe on the contagion curve.

An engineering, procurement and construction agreement with TechnipFMC plc is in place, and executives continue to be bullish on the project.

“We are working very closely with the government to obtain the permit we are still missing, and we are quite confident we are going to...

The U.S. Energy Information Administration (EIA) reported an injection of 37 Bcf into storage for the week ending July 17, marking the fourth consecutive week of double-digit builds and pushing Nymex natural gas futures higher.

The recent legal and regulatory setbacks for a handful of U.S. pipeline companies, as well as the uncertain outlook in oil and natural gas demand from Covid-19, may come more sharply into view as midstream second quarter earnings are unveiled.

North American completions specialist BJ Services LLC filed for voluntary bankruptcy protection on Monday, indicating it is working with potential buyers for some of its assets as it restructures.

The voluntary filing, one of now more than two dozen since the beginning of the year as Covid-19 sent energy demand spiraling, was made Monday in Houston in U.S. Bankruptcy Court for the Southern District of Texas. 

BJ’s Canadian affiliate also is seeking protection under the nation’s Companies’ Creditors Arrangement Act to wind down those operations.

In connection with the Chapter 11 restructuring, BJ “intends to sell its assets and is in active discussions with bidders regarding both the cementing business and portions of the fracturing business.” Successfully selling some assets could reduce the number of jobs impacted by the process, management said.

“The industry continues to face unprecedented uncertainty caused by volatile commodity markets and...

Mexico’s national pipeline operator Centro Nacional de Control del Gas Natural (Cenagas) has opened a second bidding for natural gas supply to ensure the Sistrangas pipeline system maintains system balance.

Cenagas wants to guarantee “the balance and operation of the system to ensure the continuity of natural gas supply in the country,” it said. The operator was created in 2014 under the framework of the 2013 constitutional energy reform to promote market conditions to further the “principle of vertical disintegration, the ultimate goal of which is to guarantee continuity, quality, safety and efficiency in the provision of natural gas transport and storage services.”

The pipeline operator is calling on shippers to present proposals for supply, with the understanding that it would be used solely when the operational conditions on the Sistrangas require it. 

Because of the coronavirus, Cenagas has requested that initial interest be sent via email. The...

The 582,400 Dth/d pipeline, an extension of the massive Transcontinental Gas Pipe Line system, aka Transco, would source gas produced by Cabot Oil & Gas Corp. and Seneca Resources Co. LLC. The project is to include six miles of large-diameter pipeline loop, two compressor stations and associated facilities in Pennsylvania’s Clinton, Columbia, Lycoming, Luzerne, Schuylkill and Wyoming counties.

Williams CEO Alan Armstrong said the project represents one of many opportunities to further reduce greenhouse gas emissions, noting that “there remain more than 80 coal plants in the states Transco serves that can potentially be displaced” by gas.

By maximizing the use of the existing Transco transmission corridor and expanding existing facilities in Pennsylvania, Leidy South would “substantially reduce” the amount of new infrastructure and land use required to meet these needs, minimizing community and environmental impact, Armstrong said.

“With the growing...

Chevron Corp. has clinched a definitive agreement to acquire Houston super independent Noble Energy Inc. in an all-stock transaction worth $5 billion that carries a total enterprise value, including debt, of $13 billion.

Crude oil can continue to flow on the Dakota Access pipeline (DAPL) after the U.S. Court of Appeals for the D.C. Circuit issued an administrative stay of a lower court’s July 6 order vacating the pipeline’s water-crossing permits.

Natural gas futures advanced Wednesday as markets mulled prospects for continued intense heat along and estimates for a bullish storage injection report. The August Nymex contract advanced 3.2 cents day/day and settled at $1.778/MMBtu. September rose 3.1 cents to $1.818. 

Argentina’s state-owned Integración Energética Argentina (Ieasa) has purchased 28 liquefied natural gas (LNG) cargoes for the Southern Cone winter at a record price of $2.87/MMBtu on average, the company said on Monday.

Despite growing domestic gas production from the Vaca Muerta formation and plans to develop large-scale LNG facilities, Argentina continues to import LNG in winter months to meet seasonal demand.

The prices this season were the lowest ever in the 12-year history of the state firm, and will be of “substantial benefit to the country and its resources,” Ieasa said.

Cargoes this Argentine winter, which runs from about May to October, were ordered principally from Qatar, the United States and Trinidad and Tobago, the company said. Ieasa said LNG is supplying about 25% of the country’s natural gas needs during the winter.

Because of growing domestic production, Argentina shut one of two gasification terminals in 2018, and now imports only...

The operator of the Dakota Access (DAPL) pipeline on Thursday filed in the U.S. Court of Appeals for the D.C. Circuit an appeal for review of a district court’s order denying a stay request. 

Dallas-based Energy Transfer LP (ET) filed the appeal minutes after D.C. District Court Judge James Boasberg denied the stay request, which ET was seeking while it appealed the judge’s order earlier in the week vacating the permits for DAPL to cross under Lake Oahe via a right-of-way administered by the U.S. Army Corps of Engineers. In that order, the judge also instructed ET to temporarily shut down and empty the 570,000 b/d crude oil pipeline by Aug. 5 and remain shut while an environmental impact statement on the project, already in service for three years, is completed.

In denying the request for stay, Boasberg said he was willing to consider a modification to the logistics and timing of the pipeline shutdown and emptying, and the Native American Tribes led by the...

The U.S. Energy Information Administration (EIA) reported an injection of 56 Bcf into natural gas storage for the week ending July 3, coming in slightly below average estimates and nudging Nymex natural gas futures lower. 

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