Business & Markets
Israel's Environment Ministry Blocks Oil Pipeline Deal With UAE
Israel's Environmental Protection Ministry blocked a deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe via an Israeli port city.
British, EU Gas Prices Soar as Less Russian Gas Expected on Friday
British and European wholesale gas prices closed at record highs after data indicated Russian gas exports to Germany through the Yamal pipeline were not expected on Friday.
About Half of US Oil Pipeline Space is Empty After Boom Time Building Spree
About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas.
Nord Stream 2 Won't Go Live in First Half of 2022, German Regulator Warns
The German energy regulator's eagerly-awaited decision on fully certifying the Nord Stream 2 gas pipeline won't come in the first half of next year, it said on Thursday.
New York City Bans Natural Gas in New Buildings
The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy.
Japan's Osaka Gas Plans to Enter India's City Market
Japan's Osaka Gas Co. said it plans to enter India's city gas market as a part of efforts to expand its overseas businesses to drive profit growth.
Russian Gas Exports to Europe via Yamal Pipeline on the Rise
Russian natural gas deliveries to Germany through the Yamal-Europe pipeline have increased in the early hours of Wednesday.
Gazprom's European Gas Export Growth Slows to 4.8%
The pace of Gazprom's natural gas exports' growth to Europe has been gradually slowing in recent months to just under 5% from double digits seen earlier in the year.
Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion
The collapse in the pipeline's tubing did not cause any environmental damage given it was empty following its suspension, the ministry said.
Ecuador Declares Force Majeure for Oil Exports, Output Due to Erosion
Ecuador's government declared force majeure over its oil exports and production contracts after ongoing erosion in its Amazon region forced a halt to pumping on two pipelines.
Plains All-American Hoping to Replace Ruptured Oil Pipeline in California
Plains All American Pipeline is applying for a replacement pipeline project in California, showing the state still has potential to host fossil fuel infrastructure even as it takes significant measures to curb climate change.
Europe Facing Record Low Gas Storage by Winter's End
Europe's gas storage levels could hit record lows by the end of the winter heating season due to an early cold spell and muted Russian flows, data showed.
Permian Oil Output Forecast to Hit Record High in January -EIA
Output from the Permian is closely watched by the global oil market because it has pipeline access to export hubs in Houston.
Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022
Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year.
Nigeria's State Oil Firm Posts $346 Million Trading Surplus in June
NNPC's report said in June 47 pipeline points were vandalized compared to 64 in May, with the Port Harcourt area and Mosimi accounting for 94% of the vandalism.
Lukashenko Reiterates Warning on Gas Transit Blockade to Europe
Belarus' leader Alexander Lukashenko has again warned that Minsk could suspend the transit of natural gas across its territory to Europe.
Nord Stream 2 Gas Unlikely to Flow if Russia Renews Ukraine Aggression, US Says
Gas is unlikely to flow through the Nord Stream 2 pipeline if Russia renews its aggression against Ukraine, U.S. Secretary of State Antony Blinken said.
EU Tells Russia Aggression Against Ukraine Would "Come at a Price"
The head of the European Commission declined to say outright if such a move by Moscow would trigger EU sanctions against the Russian gas pipeline Nord Stream 2.
Belarus Oil Firm Cancels 2022 Druzhba Pipeline Exports to Germany After EU Sanctions
Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company.
Primoris Services Announces Over $225 Million in Utilities Segment Awards
Primoris Services Corporation announced two new Master Service Agreements totaling over $225 million for gas distribution projects in California.
EIA Forecasts US Natural Gas Production Will Increase in 2022
If realized, the December 2022 forecast production level will exceed the previous record of 97.2 Bcf/d, which was set in November 2019.
Canadian Oil Output to Peak 7 Years Sooner Than Previously Forecast
Oil output in Canada, the world's fourth-largest producer, will climb over the next decade and peak at 5.8 million barrels per day in 2032.
ConocoPhillips Offloads Indonesia Assets in Asia-Pacific Revamp
ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.
23rd World Petroleum Congress Program Ends on a High Note
The 23rd World Petroleum Congress program concluded strongly, with high-level discussions on collaboration within the industry and the changes needed going forward.
Pipeline Blast Reported at Iran Gas Refinery, No Casualties
A gas condensate pipeline at a gas refinery in southwestern Iran exploded on Thursday after being hit by an excavator, Iranian news agencies reported.
Polish PM Tells Germany's Scholz Not to 'Give in' Over Nord Stream 2
Poland's prime minister said he would call on Germany's newly appointed Chancellor Olaf Scholz to oppose the start-up of Nord Stream 2.
Med-Red Begins Shipments Through EAPC Pipeline Network
Med-Red Land Bridge Company signed its first contract for a vessel to use the recently recommissioned 150-mile (242-km) pipeline owned by Europe Asia Pipeline Company.
Magellan Exploring Options for its Permian Longhorn Crude Pipe
Magellan Midstream Partners LP is evaluating alternative uses for its Longhorn crude pipeline from Texas's Permian Basin, including converting it to carry other commodities like natural gas or refined products.
More Transnational Oil Capacity Could Reduce Rail Shipments
The Enbridge Line 3 replacement pipeline, which delivers crude oil from Edmonton, Alberta, Canada, to Superior, Wisconsin, became fully operational on Oct. 1, increasing the pipeline’s capacity to 760,000 bpd. Before the replacement, Enbridge Line 3 had a capacity of about half that amount.
Carbon+Intel: Enterprise Products Could Repurpose Pipelines for Carbon Projects
Pipeline operator Enterprise Products Partners could repurpose some of its vast U.S. network of energy pipelines for carbon capture and sequestration projects, co-Chief Executive Jim Teague said.
- 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
