Business & Markets
EU Proposes Rules to Label Some Gas and Nuclear investments as Green
Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors.
Norway Approves Development of Equinor's Kristin South Project
Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system
OPEC+ Sticks to Planned Output Rises Despite Oil Price Rally
OPEC+ agreed on Wednesday to stick to moderate rises in its oil output with the group already struggling to meet existing targets and wary of responding to calls on its strained capacity for more crude.
Venezuelan Oil Exports Fall Amid Returned Cargoes
Venezuela's oil exports plummeted in January to the lowest level since September amid loading bottlenecks caused by returned and rescheduled crude cargoes, according to internal documents and tanker tracking data.
Yamal Pipeline Gas Halts After Hints of Westbound Flows
Natural gas supplies between Poland and Germany via the Russian Yamal-Europe pipeline came to a halt on Wednesday, dashing expectations it was about to pump gas west for the first time since December.
Natural Gas Futures Jump over 15% on Output Drop, Colder Forecasts
U.S. natural gas futures jumped over 15% on Wednesday as frigid weather cut output to its lowest level since July 2021 and as winter storms threatened while LNG exports were at near-record levels.
Texas Utility Provider Forecasts High Demand for Coming Winter Storm
Texas utility provider ERCOT forecast high energy demand during an approaching a winter storm, warning that frozen precipitation it could cause local electricity outages.
Yamal Gas Pipeline Set to Resume Westbound Flows to Germany
Russian gas giant Gazprom was set to resume westbound gas flows from Poland to Germany on Tuesday via the Yamal pipeline, restoring the normal flows after the route was reversed in December and sent gas prices in Europe to all-time highs.
Denmark's CIP to Lead Giant Green Hydrogen Project in Spain
Danish renewable company Copenhagen Infrastructure Partners will lead a project in Spain to build a giant hydrogen plant, it said on Tuesday, as part of the Spanish government's efforts to use EU funds to become a top producer of the gas.
Exxon to Raise Permian Basin Output by 25% This Year
Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.
EU to Propose 'Green' Investment Label for Natural Gas, Nuclear Energy
The European Commission is set to propose rules on Wednesday to allow some gas and nuclear power plants to be labelled as green investments, with minor changes to a previous draft proposal.
OPEC+ Committee Trims 2022 Oil Surplus Forecast
The OPEC+ Joint Technical Committee revised its projected oil 2022 surplus to 1.3 MMbpd this year, slightly less than its previous forecast of 1.4 MMbpd, but left its demand forecast unchanged.
Shell Re-Routes Oil Supplies after Cyberattack on German Firm
Shell said on Tuesday it was re-routing oil supplies to other depots following a cyberattack on two subsidiaries of German logistics firm Marquard & Bahls that disrupted IT systems and supply chain.
US Unveils $1.15 Billion for Abandoned Oil and Gas Well Cleanup
The Biden administration said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions.
EU Says Russia's Nord Stream 2 Pipeline on Hold for Compliance Review
European Commission Vice President Valdis Dombrovskis said Nord Stream 2 gas pipeline has been put on hold and the Commission is looking into the project's compliance with Europe's energy policy.
Ecuador Oil Spill Affected Protected Area in Amazon, Government Says
A burst pipeline in Ecuador caused an oil spill within a protected area of the country's Amazon rainforest, the environment ministry said, adding that the pipeline operator will face legal consequences.
Eastward Yamal Gas Flows from Germany to Poland Steady
Gas flows from Germany to Poland via the Yamal-Europe pipeline were steady over the weekend and on Monday morning, data showed.
IEA: European Gas Demand Seen Falling This Year Due to Cheaper Coal
European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, the International Energy Agency said.
Pipe Burst Leads Ecuador Pipeline Operator to Suspend Pumping Crude
OCP Ecuador, the operator of Ecuador's privately held heavy crude pipeline, suspended pumping crude as a preventative measure after it ruptured in the Amazon.
Eastward Yamal Gas Flows from Germany to Poland Increase
Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas westward into Europe, increased on Friday.
Greece's Gastrade Says LNG Terminal on Track with Final Investment Decision
Greece's Gastrade said a final investment decision had been made on developing a Greek LNG terminal, the last step before building the project begins.
Nothing Off the Table, EU Responds to Question on Halting Nord Stream 2
The gas pipeline Nord Stream 2 could be halted should Russia invade Ukraine, EU Commission chief Ursula von der Leyen signaled.
Forced Electrification Could Cost Maryland Consumers $26,000+ per Household, CEA Report Finds
Removing natural gas service and usage could cost Baltimore households more than $26,000 each, a Consumer Energy Alliance analysis found.
Eastward Yamal Gas Flows from Germany to Poland Decline Further
Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas westward into Europe, fell on Thursday morning, data showed.
US State Dept Says Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine
U.S. State Department spokesperson Ned Price said the Nord Stream 2 pipeline between Russia and Germany will not move forward if Russia invades Ukraine.
Thai Oil Spill Cleanup to Take 5 More Days, Navy Says
An oil spill caused by a leak from an undersea pipeline 20 km (12.4 miles) off Thailand's eastern coast will take at least five more days to clear, its navy said on Thursday.
Lebanon, Jordan Agree to Bring Electricity Through Syria
Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighboring Syria.
Peru Reports Small New Oil Leak During Clean-Up of Prior Spill
Spain's Repsol SA, which was removing remnant crude oil from a pipeline 18 meters (59 feet) under the surface of the sea, said the escaped oil was an expected part of the process and contained.
Nord Stream 2 Registers German Subsidiary, Certification Still Suspended
The operator of the Russian Nord Stream 2 gas pipeline has registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, though certification for the project remains suspended by Berlin.
Russian LNG Vessel Back in Baltic Amid Tensions Over Ukraine, Gas Supplies
The ship ensures Kaliningrad, which is separated from Russia's mainland and sandwiched between Poland and Lithuania, can receive gas even if there are disruptions to pipelines running through Lithuania.
- 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
