Energy

The U.S. natural gas pipeline grid is not sufficient to handle the swift changes occurring in both supply and demand, and significant operational and commercial challenges may occur without additional midstream buildout, executives said Tuesday in New Orleans.

Thailand Energy Minister Sontirat Sontijirawong ordered state-owned oil and gas major PTT last week to accelerate its gas business so that the country can become a liquefied natural gas (LNG) trading hub in Southeast Asia.

Warburg Pincus LLC affiliate Citizen Energy Operating LLC has inked a deal to acquire Oklahoma City-based Roan Resources Inc. in an all-cash transaction worth roughly $1 billion that would take the company private.

The recent attack on key oil infrastructure in Saudi Arabia demonstrated the muscle of North American oil and natural gas production, but it again tested the notion of energy independence and enduring exposure to global energy markets.

Natural gas and petroleum consumption is rising in Asia faster than supply is growing, potentially shifting trade patterns and infrastructure investments, according to the U.S. Energy Information Administration (EIA).

An oil and natural gas climate accord made up of 13 of the largest global producers on Monday launched initiatives that include decarbonizing industrial hubs to reduce methane emissions.

Swiss giant Vitol Inc. is launching an energy trading venture with ENH, the national oil company (NOC) of Mozambique, where a plethora of natural gas reserves has opened the region to mega export projects.

Private equity heavyweights Sam Zell’s Equity Group Investments and Tom Barrack’s Colony Capital Inc. have formed a partnership to provide capital and asset management in the U.S. upstream oil and gas sector.

Construction of what would be one of Ohio’s largest natural gas-fired power plants has started in the heart of the Utica Shale, despite nuclear power subsidies set to take effect next year that have derailed other projects.