Business & Markets
Facing Texas Pushback, BlackRock Says it Backs Fossil Fuels
At the risk of being dropped from Texas pension funds, BlackRock Inc. has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries.
Peru Oil Spill Affected 40-Square-Mile Area, Repsol Says
An executive of Spain's Repsol said an oil spill offshore Peru's capital Lima affected an area of 40 square miles (106 square km).
Russian Gas Exports to Europe Unaffected by Ukraine Pipeline Blast
Russian gas supplies to Europe were not affected after part of a gas pipeline near Luhansk in eastern Ukraine caught fire late on Friday, a Ukrainian gas official said.
SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen
Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.
Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction
Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.
TAP Pipeline Could Boost Capacity a Year Early
The Trans-Adriatic Pipeline (TAP) is ready to expand its capacity one year in advance if needed to meet market demand, Managing Director Luca Schieppati said.
Carbon+Intel: Promises, Risks of Carbon Capture Investment
Without putting away massive amounts of carbon dioxide while awaiting renewable energy to mature commercially, there is no hope in stopping global temperature from rising beyond 1.5°C by the end of the century.
South Korea, Iran Discuss Resuming Oil Trade
South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea's foreign ministry said on Wednesday.
US Natural Gas Jumps Nearly 10% on Colder Forecasts
U.S. natural gas futures jumped almost 10% to a near two-week high on Wednesday on forecasts for much colder weather and higher heating demand through early March than previously expected.
Russia Ready to Re-Route Gas Flows if Hit by Sanctions
Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy sector, finance minister Anton Siluanov said on Wednesday.
Green Stream Pipeline to Resume Libya Gas Flows to Italy
Gas flows into Italy from Libya will restart on Thursday, ahead of schedule, following unplanned maintenance on facilities at the Mellitah Complex, Italian energy group Eni said.
Germany Ups Ambition on Hydrogen to Meet Climate Targets
Electricity generation from renewables has grown considerably in Germany over the years, but plenty more is needed to fuel the country’s green hydrogen ambition.
RWE Zeroing in on Green Hydrogen Production Plans
Germany’s RWE, one of Europe’s largest electricity and gas suppliers, signed a contract with professional services firm Jacobs to study the production and supply of green hydrogen at the Pembroke Power Station in Wales.
Oil Retreats From 7-Year High After Russia Says it Withdraws Some Troops
Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases after exercises near Ukraine.
Europe Remains Top Destination for U.S. LNG for Third Month
Europe's call for U.S. LNG continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday.
Israel Will Not Object if Exported Gas Reaches Lebanon - Minister
Israel's energy minister said on Tuesday that it would not be a problem if Israeli natural gas that is exported to Egypt makes its way to Lebanon, a long-time enemy that is dealing with an energy crisis.
Venture Global to Buy Natural Gas from Repsol for LNG Plant
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.
UAE's Dragon Makes Oil Discovery in Gulf of Suez
United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said Tuesday.
Guyana May Develop Offshore Oil Prospects on Its Own
Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday.
EU Likely to Intensify Fact-Finding on Gazprom - Source
EU antitrust regulators are likely to intensify information gathering on Gazprom's European businesses, said a person familiar with the regulator's thinking, amid Europe's gas supply crisis.
Feed to U.S. LNG Plants Soars as 7th Terminal Loads First Cargo
Natural gas supplies to U.S. LNG export plants reached near record levels over the weekend as vessels docked for loading at all seven export terminals for the first time.
Oil Hits 7-Year High as Markets Fear Russian Attack on Ukraine
Oil prices rose to their highest in more than seven years on Monday as Ukraine's president declared a "day of unity" for Feb. 16, a date that some Western media have cited as a possible start of a Russian invasion.
Permian Oil Output Forecast to Hit Record High in March
Oil output in the Permian Basin will rise 71,000 bpd to a record 5.205 MMbpd in March, the U.S. Energy Information Administration said in its productivity report on Monday.
Mariner East Pipeline System Construction Complete, Commissioning in Progress
After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.
New England Carbon Emissions Spike as Power Plants Turn to Dirtier Fuel
New England’s electric grid delivered a massive blast of greenhouse gas into the air during a recent stretch of cold weather, as power stations switched from natural gas to dirtier but cheaper fuel oil.
Austria Resists Including Nord Stream 2 in EU Package of Russia Sanctions
Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said.
India's Reliance Plans to Turn Syngas into Blue Hydrogen
India's Reliance Industries plans to produce blue hydrogen at a "competitive cost" of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation.
How German Fund Set Out to Help Russia Dodge Pipeline Sanctions
A German politician set up a state-backed foundation with Russian energy company Gazprom last year to help Moscow avoid U.S. sanctions on a pipeline due to carry Russian gas to Europe.
OPEC Sees Upside to 2022 Oil Demand Forecast
OPEC said on Thursday world oil demand might rise even more steeply this year as the global economy posts a strong recovery from the pandemic, a development that would underpin prices already at a seven-year high.
Czech Minister: Putin Gave Europe 'Gift' as Gas Crisis Showed Alternatives Exist
LNG shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and the gas shortfall supported efforts to build more LNG capacity on European shores, Czech Foreign Minister Jan Lipavsky said on Wednesday.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- 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
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
- Macquarie, Dow Launch $2.4 Billion Gulf Coast Pipeline Infrastructure Partnership
