Business & Markets
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.
Putin Says Europe Only Has Itself to Blame for Surging Gas Prices
The European Union can only blame its own policies for record gas prices as some of its members resell cheap Russian gas at much higher prices within the bloc, Russian President Vladimir Putin said.
Russian Gas Flows via Yamal-Europe Pipeline Reversed for 6th Day
The Yamal-Europe pipeline that usually delivers Russian gas to Western Europe was sending the fuel back to Poland for a sixth straight day on Sunday, according to data from German network operator Gascade.
Russia's Putin Lays Europe Gas Price Crisis Blame on Germany
President Vladimir Putin said on Thursday that Germany was reselling Russian gas to Poland and Ukraine rather than relieving an overheated market.
Russian Gas Flows via Yamal-Europe Pipeline Reversed for 3rd Day
The Yamal-Europe pipeline that sends Russian gas to Western Europe was operating in reverse for a third straight day on Thursday.
Ukraine's Naftogaz Calls for EU Anti-Monopoly Action Against Gazprom
EU competition chief Margrethe Vestager said the bloc asked questions of major energy companies "to understand if there is foul play in the energy market," but it was too early to reach any conclusions.
Russia Says it Hopes Nord Stream 2 Gas Pipeline Will be Certified
Russia hopes the Baltic Sea Nord Stream 2 gas pipeline, which was completed in September but remains idle, will eventually be certified.
US to Dominate Midstream Project Starts in North America Through 2025, GlobalData Forecasts
The United States is likely to start the operations of 169 midstream oil and gas projects from 2021 to 2025, accounting for about 69% of the total upcoming midstream project starts in North America by 2025.
LNG Cargoes Diverted Toward Europe from Asia as Gas Prices Soar
At least ten cargoes of LNG have recently been diverted from Asia to head west drawn by Europe's record high prices amid supply concerns.
Russian Gas Flows via Yamal Pipeline Reversed for Second Day
Russian gas flows via the Yamal-Europe pipeline to Germany continued to flow in reverse mode for a second day on Wednesday, keeping European gas prices high.
Venture Global to Sell LNG to China National Offshore Oil Corp
Venture Global LNG said it has signed a 20-year deal to sell liquid natural gas to a unit of China National Offshore Oil Corp.
US NatGas Futures Edge Up on Soaring Global Gas Prices
United States natural gas futures edged up on Tuesday, shrugging off forecasts for milder weather and lower heating demand next week than previously expected.
Norway's Aker BP in $14 Billion Deal to Buy Lundin Energy's Oil and Gas
Norway's Aker BP will buy the oil and gas business of Sweden's Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental shelf.
Gazprom Expects Dividend on 2021 Results at More Than 45 Roubles/Share
Russian energy giant Gazprom expects to pay dividend on 2021 results of more than 45 roubles ($0.6087) per share thanks to high oil and gas prices.
RWE Zeroing in on Green Hydrogen Production Plans
Germany’s RWE, signed a contract with professional services firm Jacobs to study the production and supply of green hydrogen at the Pembroke Power Station in Wales.
European Gas Prices Hit Record as Russian Flows via Yamal Reverse
Westward gas flows through the Yamal-Europe pipeline, one of the major routes for Russian gas to Europe, had been falling since Saturday and, after stopping early on Tuesday, reversed direction.
APGA Urges US Cities and Towns Not to Follow New York City’s Mistake
APGA is saddened and disappointed by the New York City Council’s decision to eliminate the direct use of natural gas in newly constructed homes and buildings.
E.ON CEO Warns Power Prices Will Not Ease in Coming Months
E.ON CEO Leonhard Birnbaum does not expect high power prices to ease soon, he warned in an interview with German paper Sueddeutsche Zeitung on Monday.
Proteum Energy and Istmo Energy to Produce Low-Cost Hydrogen in the Permian Basin
Proteum Energy entered a Memorandum of Understanding with Istmo Energy for Proteum to provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen.
Coastal GasLink Pipeline Project More Than Halfway Complete
Coastal GasLink’s pipeline project is more than 57% complete overall, and more than 46% of the construction is finished, according to its monthly construction update.
BP to Buy Out US Pipeline Partnership in $723 Million Deal
BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn't already own in a more than $700 million deal.
Gas Prices Surge in Europe as Russian Yamal Pipeline Exports Fall
European natural gas prices jumped more than 8% on Monday, nearing an all-time high, with Russian deliveries to Germany through the Yamal-Europe pipeline at very low levels.
Russian Gas Exports to Europe Via Yamal Pipeline Fall Again
Russian natural gas deliveries to Germany through the Yamal-Europe pipeline have fell again on Sunday after rising briefly from Saturday levels, data showed.
Enterprise Completes Expansion of Acadian Natural Gas Pipeline System in Louisiana
Enterprise Products Partners recently started commercial service on its new Gillis Lateral pipeline and associated expansion of its Acadian Haynesville Extension system to serve the growing LNG market on the Gulf Coast.
Texas Approves More Power Market Rules to Avoid Repeat Freeze
During the February freeze, the Electric Reliability Council of Texas ordered rolling blackouts to prevent the grid from collapsing as extreme cold shut power plants and froze gas pipelines.
United States Grand Jury Accuses Amplify Energy of Negligence in Oil Spill
A federal grand jury has accused Amplify Energy and two of its subsidiaries of illegally and negligently discharging oil during a pipeline break in California in October.
Enbridge Removes Michigan's Oil Pipeline Lawsuit to Federal Court
Enbridge Inc. removed to U.S. federal court a lawsuit filed by Michigan's attorney general against its Line 5 oil pipeline, the latest in a long-running dispute between the Canadian company and the Midwestern state.
- 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
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
