Business & Markets
Russia to Consider Rosneft's Access to Nord Stream 2
Russia's energy ministry is due to prepare a report in the coming days on the possibility of Rosneft exporting gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday.
Record Gas Prices Could Hasten Nord Stream 2 Launch, Analysts Say
Record gas prices in Europe could hasten clearance for fuel supplies via Russia's Nord Stream 2 pipeline to Germany, analysts said on Tuesday.
Texas Freeport LNG Export Plant Shut During Tropical Storm Nicholas
U.S. LNG company Freeport LNG said on Tuesday all three liquefaction trains at its Freeport LNG export plant in Texas shut, likely due to power outages from Tropical Storm Nicholas.
Enbridge’s Cameron Extension Pipeline Project Nearing Completion
Texas Eastern Transmission’s Cameron Extension pipeline project in southwestern Louisiana is on track to be mechanically complete in October, leading to a November in-service, an Enbridge spokesperson said.
Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind
The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.
EIA Expects U.S. Natural Gas Consumption to Decline Through 2022
The Energy Information Administration forecasts natural gas consumption will decline in all end-use sectors in the U.S. except in the industrial sector and for other non-sector-specific uses (lease and plant fuel, pipeline and distribution use, and vehicle use).
China to Announce Details of Oil Reserve Sales in Due Course
China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.
Chevron, Enterprise Explore Carbon Storage Business Opportunities
Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.
U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.
German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen
Germany’s National Hydrogen Council determined pipeline transport to be the most economical option to move hydrogen for distances up to about 6,210 miles (10,000 km), even if it would require building new pipelines.
U.S. Offshore Oil Production Losses Felt Around the Globe
Two weeks of U.S. offshore production losses spiraled on Thursday, with contract cancellations as prolonged outages due to damages from Hurricane Ida were felt around the globe.
EIA Reports: Natural Gas Exports to Mexico Set Monthly Record
Natural gas pipeline exports from the United States to Mexico surpassed 7 Bcf/d on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out on June 17.
EIA Reports: US LNG Exports Grew to Record Highs in First Half of 2021
U.S. exports of LNG continued to grow in the first six months of 2021, averaging 9.6 Bcf/d. This average marks an increase of 42%, or 2.8 Bcf/d, compared with the same period in 2020 (according to the Department of Energy’s LNG Monthly reports, based on shipping data from Bloomberg Finance.)
EIA Expects Higher Natural Gas Prices Due to Production Reductions Following Hurricane Ida
The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook, EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per MMBtu, a 16% increase from its August forecast.
Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis
Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Making Hydrogen Work for UK’s Commercial Buildings
While domestic heat makes up more than half of the U.K. heat demand, commercial and industrial properties’ space heating, hot water and heat for cooking account for more than a quarter. Therefore, any conversion from natural gas to hydrogen in the national and local pipeline grids must cater to larger-scale commercial and industrial heating.
Exxon to Begin Certifying Some Shale Gas Emissions Amid Investor Pressure
Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining several shale gas producers seeking to provide the data to buyers.
U.S. NatGas Slips on Milder Weather View, Post-Ida Restarts
U.S. natural gas futures slipped on Tuesday as forecasts projected milder weather and energy firms continued efforts to restart facilities along the U.S. Gulf Coast after Hurricane Ida.
Securing America’s Critical Energy Infrastructure: 5 Steps for Operators
Today, fearing the worst, oil and gas companies – and the federal government – are putting a renewed emphasis on cybersecurity in this crucial component of our nation’s critical infrastructure sector. In this threatening and confusing landscape, operators follow five steps detailed in this article.
Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy
Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.
Black Sea Oil & Gas Project a Litmus Test for Romanian Offshore Gas Investment
Black Sea Oil & Gas is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains, it could impact its operations in the country.
U.S. Probing Nearly 350 Reports of Oil Spills in Wake of Hurricane Ida
The U.S. Coast Guard said on Monday it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida.
Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul
The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.
U.S. NatGas Gains as Energy Firms Struggle to Restart Post-Ida
U.S. natural gas futures gained on Friday as significant output remained offline in the aftermath of Hurricane Ida, exacerbating supply concerns in an already tight market.
Over 89% of Oil, Gas Output Shut in U.S. Gulf of Mexico
Oil and gas production in the U.S. Gulf of Mexico on Friday remained largely halted in the aftermath of Hurricane Ida, with 1.7 million barrels, or 93%, of its daily crude output suspended.
China's Zhenhua Oil Seeks Tie-Up with Local Firm for First Gas Terminal
China's Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first import facility the state-run trader will own a stake in.
U.S. Energy Firms Strain to Shake Off Hurricane's Toll
U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida's damages became more apparent.
Ukraine Warns Europe to be Dependent on Russia for Gas Supply with Nord Stream 2
The launch of Russia's Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine's gas transit operator said.
U.S. NatGas Firms on Supply Woes as Focus Turns to Storage Report
U.S. natural gas futures were near their highest in about three years on Thursday, buoyed by overall projections for lower supply as investors prepared for a federal report expected to show a smaller-than-normal storage build.
- 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
