Business & Markets
Explainer: What Is the Iraq-Turkey Oil Pipeline Dispute and Who's on the Hook?
An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
Venture Global LNG Delays Commercial Ops at Calcasieu Pass in Louisiana
U.S. liquefied natural gas company Venture Global LNG told federal energy regulators and customers this week that it needs to make repairs at Calcasieu Pass in Louisiana that will delay the start of the export plant's full commercial operations.
Finland's Floating LNG Terminal to Receive First Commercial Cargo
Finland is set to receive the first commercial delivery of LNG to the Inkoo floating terminal set up to replace Russian gas supply after the start of the war in Ukraine.
Learning to Manage Risk of Over-Pressurizing Gas Pipelines
(P&GJ) — According to data from the International Energy Agency (IEA), in 2020, the world consumed 3.7 Tcf of natural gas. In other words, nearly 10 billion cubic meters of natural gas was transported daily from production sites to homes, businesses, and power plants worldwide through pipelines spread across millions of miles. Most of these pipelines operate underground, 24/7, quietly delivering a vital service to people across continents.
ABB India Automates 81-Mile India-Bangladesh Cross-Border Oil Pipeline
(P&GJ) — ABB India has delivered integrated automation and control solutions to enable the safe operation of the 130-km (81-mile) Indo-Bangla Friendship Pipeline (IBFPL), which will carry diesel from India to Bangladesh.
Tass: Gas Pipeline Under Repair in Siberia Catches Fire
A natural gas pipeline that was being repaired in northern Siberia caught fire on Wednesday but there was no disruption to supplies, Tass news agency cited Gazprom as saying.
Analysts: Financial Hurdles Rise for Green-Lighting New US LNG Plants
The banking crisis added a new snag to rising interest rates and supply chain shortages for these multibillion-dollar projects, which months ago were seen as sure bets. Two of four new projects aiming for a financial okay this quarter have been pushed back, and others will face that higher bar, said analysts.
Oil Firms Halt or Cut Output in Iraqi Kurdistan After Pipeline Closure
Producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline, company statements showed, with more outages on the horizon.
Fed Survey: Activity in Top US Oil Fields Stall, Outlook Sours
U.S. oil and gas activity stalled in the first quarter as production gains slowed and drillers' outlooks turned negative, according to a survey released on Wednesday by the Federal Reserve Bank of Dallas.
QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks
Qatar's state-owned energy company on Wednesday signed a deal to acquire from Exxon Mobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.
Colombia Cano Limon-Covenas Oil Pipeline Pumping Suspended for 12 Days
Oil transportation company Cenit, a wholly owned subsidiary of Colombia's majority state-owned energy company Ecopetrol, has suspended pumping operations along the Cano Limon-Covenas pipeline for 12 days as of Tuesday due to attacks on the infrastructure, it said.
EU Countries Seek Legal Option to Stop Russian LNG Imports
European Union countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG to EU nations by preventing Russian firms from booking infrastructure capacity.
BP, ADNOC Offer to Buy 50% of Gas Producer NewMed Energy for $2 Billion
BP and Abu Dhabi's state oil giant ADNOC on Tuesday offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.
SocGen Says It Has Pulled Out of NextDecade’s Rio Grande LNG Project
Societe Generale pulled out of Texas-based energy company NextDecade's Rio Grande LNG project last year, the French bank disclosed for the first time on Tuesday, in news that could help explain the project's repeated delays.
MOL Group Receives 617,000 Barrels of Crude Via the Adria Pipeline
(P&GJ) — MOL Group said this shipment constitutes well-to-wheel integration of its value chain as it will process and sell petroleum products refined at one of its own refineries using crude oil produced at a field it co-owns.
Senstar Wins Security Contract for Oil Pipeline Project in Africa
(P&GJ) — Senstar Technologies, a provider of sensing and information management solutions for the protection of critical infrastructure, has been awarded a significant oil pipeline project in Africa.
Using Data to Digitalize Oil and Gas Industry
(P&GJ) — The oil and gas industry has been historically slow to adopt new technologies and truly take advantage of the digital tools that are widely available and extensively used in other sectors. This is partially due to the expansive operations that often span many thousands of kilometers, and the seemingly great expense it would take to update a network.
Iraqi Kurdistan Region's Oil Output at Risk After Turkey Halts Pipeline Exports
Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to divert crude to storage, where capacity is limited.
Energy Transfer to Acquire Lotus Midstream for $1.5 Billion, Adding 3,000 Miles of Permian Pipeline
By purchasing Lotus Midstream, Energy Transfer will gain the Centurion Pipeline and an additional 3,000 miles of crude gathering and transportation pipelines that stretch from New Mexico through the Permian Basin of West Texas to Cushing, Oklahoma.
ConocoPhillips to Pay $500 Million to Raise Stake in Australia's APLNG
ConocoPhillips currently holds a 47.5% stake in APLNG, one of the largest suppliers of natural gas to Australia's East Coast. Origin and China's Sinopec hold the remaining shares in APLNG.
Portugal to Launch Europe's First Auction for Piped Hydrogen
Portugal will launch a pioneering auction in the second half of this year for rights to sell hydrogen for injection into the national gas grid, which some see as a key step in kickstarting Europe’s fledgling hydrogen market.
Oman's OQ Seeks Bookrunners for Gas Pipelines IPO, Sources Say
Oman's OQ Gas Network, the pipelines business of the sultanate's state oil giant OQ, has invited banks to pitch for bookrunner roles in its planned initial public offering (IPO), two sources close to the matter told Reuters.
Spotlight on Brazil: Government Promotes Five New Gas Pipelines
(P&GJ) — A division of Brazil's Ministry of Energy recently published a document outlining a plan for $4 billion in investments to finance the construction of five gas pipelines focusing on gas flow from the Sergipe-Alagoas basin and gas from the pre-salt field.
Virginia Natural Gas Receives Approval for Renewable Natural Gas Pilot Program
(P&GJ) — The five-year pilot program will allow for the production and delivery of RNG into Virginia Natural Gas' pipeline system and support the procurement of both RNG and next-generation natural gas.
Capstone Green Energy Secures Microturbine Order for Wyoming Gas Compression Facility
(P&GJ) — Capstone Green Energy Corp. has announced that Horizon Power Systems secured a follow-on order for two Capstone C1000 Signature Series microturbines. The microturbines will power a remote natural gas compression facility in Wyoming’s Green River Basin and will run on high-pressure natural gas.
Future for Energy Utilities Rests with Optimizing Assets
(P&GJ) — For companies in the energy, utilities and resources (EUR) sector, an effective asset management strategy will be vital to stay ahead of the curve of an unpredictable and volatile marketplace.
Spain Asks Gas Importers to Wean Themselves Off Russian LNG
The Spanish government has asked LNG buyers to refrain from signing new contracts for Russian gas once existing contracts have expired, two sources familiar with the matter told Reuters on Friday.
Army Corps Extends Line 5 Tunnel Review, Delaying Enbridge’s Pipeline Project by 18 Months
Canada's Enbridge Inc. said on Thursday it was "disappointed" by the U.S. Army Corps of Engineers' decision to extend the federal permitting process for the company's proposed Great Lakes Tunnel that would rehouse its Line 5 oil pipeline underneath the Straits of Mackinac.
Kazakhstan's KMG Starts Shipping Oil Via Caspian Sea to BTC Pipeline
Kazakhstan's state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.
EIA: US Crude Inventories Rise Unexpectedly to 22-Month High, Fuel Stocks Fall
U.S. crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
