Business & Markets
Russian Gas Transit Below Contract Level, Ukraine Operator Says
Russia is sending less gas to Europe via Ukraine than specified in the current transit contract, Ukraine's pipeline operator said on Friday.
Icahn Launches Offer for Southwest Gas Shares, Seeks to Replace Board
Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.
Navigator Approved to Develop, Construct Heartland Greenway Pipeline System in Midwest
Navigator CO2 Ventures announced that because of commitments received during its binding open season, it has obtained the necessary board approvals to proceed with its proposed carbon capture pipeline system.
Air Products Planning $4.5 Billion Blue Hydrogen Clean Energy Complex in Louisiana
Air Products will construct a manufacturing complex to produce more than 750 MMcf/d of blue hydrogen, with carbon dioxide from the manufacturing process captured and permanently sequestered.
Energy Crisis Could Threaten Global Economic Recovery, Says IEA
Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages hit Asia and Europe.
Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge
Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's LNG terminal, industry sources said.
Piñon Midstream’s Dark Horse Carbon Capture Facility, Pipelines in Service
Piñon Midstream announced its greenfield sour gas treating and carbon capture facility and its associated pipelines, compressor stations, and acid gas sequestration infrastructure were placed into service.
German Gas Imports Down 0.8% Year Over Year, Bill Up 55.5%
Germany imported 0.8% less natural gas in the first eight months of 2021, but its bill rose 55.5% compared with a year earlier as prices surged, data from trade statistics office BAFA showed on Wednesday.
Putin Says Russia Will Supply More Gas if Europe Asks
European gas prices have hit record levels this month, but the Kremlin has denied that Russia is withholding supplies to exert pressure for quick regulatory approval of the new Nord Stream 2 gas pipeline.
EU Seeking to Ensure Gas Supply to Ukraine, Commission Says
The European Union is looking at different ways to ensure Ukraine has a steady supply of natural gas this winter and is not exposed to any reduction in Russian output, the bloc's chief executive said on Tuesday.
Algeria Meeting European Gas Supply Commitments, Says Minister
Algeria's energy minister said on Tuesday the North African country was fulfilling its contractual obligations for supplying natural gas to Europe, the state news agency reported.
Berkshire Hathaway Maryland Cove Point LNG Export Plant Exits Outage
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Energy Crunch Stokes Inflation, Economic Recovery Concerns
Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.
Sudan Running Low on Fuel Oil and Wheat Due to Port Blockade
A three-week blockade of Sudan's main port by tribal protesters is causing shortages of wheat and fuel oil for power generation, endangering the country's already faulty electricity supply, a cabinet minister said.
EPIC Y-Grade Completes NGL, Ethane Pipeline System from Corpus Christi to Sweeny, Texas
EPIC Y-Grade announced the completion of its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical.
United Energy Buys 140-Mile Oklahoma Natural Gas Pipeline
United Energy announced it signed a purchase agreement for a 140-mile natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy.
Shale Producer APA Ends Flaring, Captures More Gas as Prices Soar
Shale oil and gas producer APA Corp on Monday said it has ended routine gas flaring at its U.S. onshore operations, delivering ahead of schedule on a pledge to halt the practice as natural gas prices soar.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Spotlight on Natural Gas Expansion
TC Energy’s Projects Should Expand Gulf Coast Access and USD Partners Add Connectivity at Stroud Terminal.
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
US Worried Energy Supply Not Meeting Demand, Top Biden Adviser Says
President Joe Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States was concerned about their failure to do so.
Alaska Says its Planned LNG Project will Help Asia Cut Carbon Emissions
Alaska Gasline Development Corp. said that its proposed liquefied natural gas export project would reduce greenhouse gas emissions in Asia by allowing power generators to use a cleaner fuel than coal.
Nikola, TC Energy to Jointly Develop Hydrogen Hubs in US, Canada
Calgary-based TC could use existing pipeline and storage assets to distribute hydrogen and ship carbon emissions from the hydrogen production process to permanent storage sites.
Texas’ Midland Basin Accounts for 15% of US Crude Oil in 2020
Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations.
California Lawmakers Vow to Investigate Offshore Oil Spill
Democratic members of Congress from California seized on the oil spill off the state's coast to call for investigations into why it took several hours before a pipeline operator reported the spill to federal authorities.
Britain's National Grid Says it Can Meet Winter Gas Demand
Britain has enough gas supply capacity to meet demand this winter, grid operator National Grid said in its winter gas outlook on Thursday, while the electricity system operator warned of tight power supplies.
Energy Price Surge Sends Shivers Through Markets as Europe Looks to Russia
Soaring energy prices caused alarm among European leaders and sent shivers through global markets on Wednesday, raising concerns of a winter fuel crisis that could play into the hands of gas-rich Russia.
U.S. Northeast Update: Appalachian Basin Gas Production Still Outpacing Pipeline Construction
The Northeast power grid is the most natural gas-dependent of all U.S. regions, and the Appalachian Basin is setting record highs for gas production. But pipeline construction and expansion projects have failed to keep up.
Pipeline from California Oil Spill was Moved 105 Feet Along Sea Floor
The oil appears to have leaked through a 13-inch (33-cm) gash in the pipe, which was "pulled like a bowstring" about 105 feet from where it should have been, Martyn Willsher, chief executive of Amplify Energy, told a news conference.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
- 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
