Business & Markets
Blackout Fears Amid Energy Crunch Boosts Gas Cooker, Lantern Sales in Spain
A surge in electricity prices, driven by shortages in Asia and Europe, and a switch in pipelines bringing gas from Algeria have fueled the public's concerns.
Russian Gas Flows Via Yamal-Europe Pipeline Continue Westbound
Russian gas flows via the Yamal-Europe pipeline continued running westbound towards Germany on Thursday, as Gazprom refills its European storage, preliminary data from German network operator Gascade showed.
Blinken Meets Ukraine Official, Warns Russia on NatGas Supplies
The United States is watching for signs that Russia may be using energy as a political tool in Europe's energy crunch, Secretary of State Antony Blinken said, adding that Washington was committed to taking appropriate action if Moscow were to take that path.
GTI’s Hydrogen Technology Center to Research Clean Energy Distribution
Recently, Kristine Wiley was named vice president of GTI’s Hydrogen Technology Center, which will facilitate increased use of hydrogen in an integrated energy system to meet the challenges of decarbonization.
US Natural Gas Consumption to Fall Through 2022, Data Shows
The EIA Short-Term Energy Outlook shows U.S. consumption of natural gas is expected to decline from 2020 levels in all end-use sectors except in the industrial sector and among non-specific users, such as lease and plant fuel, pipeline and distribution use, and vehicle use.
World Energy Use Projected to Grow 50% by 2050
In its International Energy Outlook 2021, the U.S. Energy Information Administration projects that, absent significant changes in policy or technology, global energy consumption will increase nearly 50% over the next 30 years.
US Republicans Renew Push to Sanction Nord Stream 2 Pipeline
A group of U.S. Senate Republicans said they introduced legislation that would impose mandatory sanctions on Nord Stream 2, a Russian-backed natural gas pipeline that opponents believe would be harmful to U.S. allies in Europe.
Nigeria's Aiteo Reports 'Extremely High Order' Oil Spill from Well
Nigeria's Aiteo Eastern E&P has reported an "extremely high order" oil spill from a jointly-owned well in the Niger Delta and has had to abort immediate efforts to control the leak due to the pressure emanating from the well head.
Russia Increases Gas Flows to Europe, and Prices Fall
Russia increased its flow of gas to Europe via Poland and Belarus as well as Ukraine on Wednesday, easing some of Europe's concerns about tight supplies before winter and pushing down wholesale prices.
Oil Prices Rise, With Few US Government Brakes Available
Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, also the highest in seven years.
Perspective: Would US Oil Reserve Sales Affect Prices Much?
Speculation is growing the Biden administration could order the release of crude from the Strategic Petroleum Reserve to lower oil prices after OPEC+ last week rejected calls to accelerate its output increases.
Uganda Planning Third Oil Licensing Round, Energy Minister Says
Uganda Energy Minister Ruth Nankabirwa Sentamu expects a law regulating an oil export pipeline will soon be finalized by parliament.
Wholesale Gas Prices Ease in Europe as Russian Gas Flows Resume
Wholesale gas prices fell in Europe on Tuesday after Russian gas flows resumed to Germany, raising hopes that Moscow is carrying out a pledge to increase supplies and ease concerns about shortages before winter.
Biden: US Has Tools to Respond to OPEC+ Withholding Oil Supply
United States President Joe Biden said his administration has ways to deal with high oil prices after OPEC and its allies rebuffed U.S. pleas for the producers to pump more crude.
Carbon+Intel: Indonesia Carbon Capture Storage Deal Could Need $500 Million
Deployment of carbon capture storage in Indonesia by American energy giant Exxon Mobil Corp could cost about $500 million, a senior official at Indonesia's state oil firm Pertamina said on Monday.
New Financing for 2 Key EU Pipeline Projects
In November 2019, European Investment Bank (EIB) adopted a new energy lending policy which agreed to phase out the financing of traditional fossil fuel energy projects by the end of 2021. Among the final pipelines that EIB will finance are two notable projects.
Colombia Oil Theft Surges as Smuggled Gasoline Dries Up, Data Show
Gasoline is a key component in making cocaine but there have been shortages of the fuel in Venezuela, so criminal groups in Colombia are tapping pipelines for ever more crude, which they must later refine.
Jitters in Europe as Russia Shows No Sign of Increasing Gas Supplies
Russia showed no sign on Monday of carrying out an order by President Vladimir Putin to pump more gas to Europe, deepening European concerns about tight supplies, high prices and energy dependence on Moscow as winter looms.
Russian Gas Flows Via Yamal-Europe Pipeline to Germany Halted Again
The reversal of gas flows through one of the three major pipelines carrying Russian gas into western Europe is the second time the situation has developed in a matter of days.
Magellan Raises Forecast for Refined Products Shipments on Jet Fuel Demand
The pipeline operator said it expected the shipments to rise 14% from 2020, compared with 13% earlier, as volumes from expansion projects in Texas overcome the lingering impact of the COVID-19 pandemic.
Tanzania GDP to Expand 5.2% in 2022 From Estimated 5% in 2021
The finance minister said the 2022/23 budget would focus on construction of a standard gauge railway, a 2,115-MW hydropower dam in eastern Tanzania, a crude oil pipeline from Uganda and an LNG processing plant.
Uniper CFO: Nord Stream 2 Completion Not Cure-All for Gas Market Woes
The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there are other factors at play.
Canadian Pipeline Companies Enbridge, TC Energy Report Higher Profits
Canada's largest pipeline companies Enbridge Inc. and TC Energy Corp. reported a rise in third quarter profits on Friday, helped by rising demand for oil and gas that boosted pipeline volumes.
Morocco's Options After Algeria Ends Gas Supply
Morocco says the immediate impact of Algeria ending gas supplies through a pipeline is "insignificant,” but it has not said how it will make up any shortfall while it adopts long-term plans to boost renewables and import LNG.
Added Transnational Oil Pipeline Capacity Could Reduce Crude Oil Shipped by Rail
Because the Line 3 replacement project increases the capacity to import crude oil by pipeline from Canada, this pipeline could reduce the need to ship crude oil from Canada by other modes, especially rail.
Russian Gas Flows to Germany Through Yamal Restart, Sending Prices Lower
Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, finally sending European gas prices lower since Russian gas has not flowed to Germany via the pipeline since Saturday.
California Looks to Natural Gas to Keep Lights on This Winter
After years of restricting the growth of fossil fuel infrastructure, California is looking to natural gas for power generation this coming winter after drought and wildfires leave the state with few options to keep the lights on.
Algeria Aims for Over 30% Share of European Gas Market
Algerian Energy Minister Mohamed Arkab said his country was seeking to increase its share of the European gas market to over the current 30%, state news agency APS reported.
Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion
The Iraqi oil ministry said on Wednesday the cost of a long-planned oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.
Russian Gas Pipeline Stuck in Reverse in Europe
A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through it into Germany were abruptly withdrawn, data on the website of its German operator showed.
- 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
