Business & Markets
Oil Slips, But Gains 5% in the Week on Kazakh, Libyan Concerns
Production in Libya has dropped to 729,000 barrels per day from a high of 1.3 million bpd last year, partly due to pipeline maintenance work.
Gas Flows Eastward via Russian Yamal Pipeline for 18th Day, Volume Eases
The Yamal-Europe pipeline was flowing east from Germany to Poland on Friday for an 18th successive day, albeit at marginally lower levels than on Thursday.
US Northeast Power, NatGas Prices Jump as Snowstorm Batters Region
Northeast power and natural gas prices jumped to their highest since January 2018 as homes and businesses crank up their heaters during the region's first big snowstorm.
Williams Delivers Record Volumes Through Expanded Transco Gas Pipeline System
Williams announced that it recently delivered a record amount of natural gas on its Transco interstate pipeline, due to continued expansions on the pipeline.
BBL Pipeline to Reduce Reverse Flow to Zero Starting Saturday
The BBL gas pipeline between the Netherlands and Britain will reduce its reverse flow day-ahead and within-day capacity to zero from Saturday.
Extreme Cold Grips Much of Western Canada, Hits Restart of Key Pipeline
Icy weather across western Canada has hampered efforts to restart a key oil pipeline and will persist at least until Friday before temperatures rise, weather forecasters said on Thursday.
Caspian Pipeline Consortium Says it is Operating Normally
The Caspian Pipeline Consortium, a group which runs Kazakhstan's crude oil blend to export terminals, continues to operate normally amid the state of emergency.
TC Energy's 590,000-bpd Keystone Pipeline Resumes Operations
TC Energy's 590,000-barrels-per-day Keystone oil pipeline resumed operations after it was shut the previous evening for unplanned maintenance.
European Gas Prices Rise with Russian Pipeline Stuck in Reverse
European gas prices rose on Wednesday as gas flowed eastwards for the 16th successive day along a pipeline that usually sends deliveries from Russia to Europe.
Venezuela Halts a Free-Fall in its Oil Exports as Output Recovers
Venezuela last year halted the steep drop in oil exports that had crimped state oil firm PDVSA's ability to pay suppliers and sustain output.
Iran Leads Midstream Project Starts in the Middle East by 2025, GlobalData Projects
Iran is likely to set to start operations at 27 midstream oil and gas projects between 2021 and 2025, accounting for 22% of upcoming midstream projects in the Middle East.
Uniper Secures $11 Billion of Credit to Cope with Gas Volatility
German utility Uniper has secured credit facilities worth 10 billion euros from parent Fortum and bank KfW in a move to cope with unprecedented volatility in energy markets.
Russian Gas Transit Via Ukraine Fell 25% in 2021
The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine's struggling economy.
Gas Prices Surge in Europe Over Tight Russian Supplies
European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.
Gas Flows Eastward Via Russian Yamal Pipeline Jump
Natural gas supplies via the Yamal-Europe pipeline, which usually sends Russian gas west into Europe, jumped on Tuesday in direction of Poland from Germany.
Nord Stream 2 Go-Ahead Could Come in Mid-2022 - Uniper CEO
The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year.
US NatGas Gains Over 2% on Rising Demand, Lower Output
Gas output in the Lower 48 states slipped to an average of 94.8 billion cubic feet per day so far in January from a record 97.6 Bcfd in December. Much of that production decline was in Texas and occurred on Sunday.
Archaea Energy Announces Startup of Assai Renewable Natural Gas Facility
Archaea Energy Inc. announced the successful start-up of Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania.
Oil Rises Above $78 on Optimism About 2022 Outlook
Oil gained some support from an outage in Libya. Oil output will be cut by 200,000 barrels per day for a week due to pipeline maintenance.
Russian Gas in Yamal Pipeline Flows East for 14th Day
The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Monday for a 14th straight day.
Gas Flowing East From Germany Via Yamal Pipeline for 13th Day
The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Sunday for the 13th straight day.
Ecuador State-Owned Oil Pipeline Restarts Pumping Operations
Ecuador's state-owned SOTE oil pipeline has restarted pumping after works to address erosion in the country's Amazon region were completed.
Colombia Knocks Out Two Illegal Oil Refineries Belonging to Rebel Army
Colombian security forces neutralized two clandestine refineries in the country's northeast which belonged to the rebel National Liberation Army, the defense ministry said.
Putin Says Nord Stream 2 Link Ready to Calm Gas Prices
Russian President Vladimir Putin said the Nord Stream 2 undersea gas pipeline would help to calm a surge in European gas prices and was ready to start exports.
Pemex Plans Sharp Drop in Crude Exports as it Ramps Up Refining
Mexico's Petroleos Mexicanos (Pemex) said it would drastically reduce planned crude exports next year as the state oil company works to meet the government's target of refining all of its oil domestically.
Brazilian Courts Suspend Petrobras Natural Gas Price Hikes
Courts in four Brazilian states have suspended a 50% hike in natural gas prices planned by state-run oil company Petrobras, likely kicking off an intense legal battle.
Biden Administration Offers $1 Billion Loan Guarantee for Hydrogen Project
The Biden administration said it has offered Monolith Nebraska LLC a conditional loan guarantee up to $1.04 billion for a project to make clean hydrogen, in its first use of an office that has tens of billions of dollars in financing.
Gazprom Plans Third Line at Ust-Luga LNG Plant
Gazprom said its board has approved signing a memorandum with Linde and RusKhimAlyans to build a third line at an LNG plant at the Baltic Sea port of Ust-Luga.
China Oil Demand to Peak by 2030 - CNPC research
China's oil consumption is expected to keep growing for a decade on robust chemical demand, reaching a peak of about 780 million tonnes per year by 2030, a research institute affiliated with China National Petroleum Corp said.
Japan to Auction Oil From National Reserves
Japan's industry ministry said it will auction more than 600,000 barrels, of crude oil from its national reserve as a part of a U.S.-led coordinated release of oil reserve to cool rising prices.
- 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
