Business & Markets
Eni Announces Giant Oil Discovery Offshore Ivory Coast
talian energy group Eni said on Wednesday it had made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of oil and around 2 trillion cubic feet of associated gas.
Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal
Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.
OPEC+ Committee Expects Oil Market Surplus in 2022
The OPEC+ joint technical committee expects the oil market to remain in a 0.9 MMbpd deficit this year but hit a surplus of 2.5 MMbpd in 2022 as the group raises production
After Ida, U.S. Pipelines Offline, Being Assessed
Oil and gas pipeline operators on Monday checked for damage after Hurricane Ida hit major energy hubs as a Category 4 storm on Sunday and caused widespread power outages.
Pemex Restores Oil Output Suspended Due to Platform Fire
Pemex said on Monday that it has resumed 421,000 bpd of oil production and brought 125 wells back online following a deadly fire at an offshore platform.
Ida's Fury Hits U.S. Oil Production, Gasoline Supplies
U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in Louisiana and rampaged through offshore oil and gas fields.
Line 3 Pipeline Approaches Completion after Court Ruling
Enbridge's Line 3 replacement project is nearing completion after successfully defending another legal challenge last week, when the Minnesota Supreme Court decided it would not hear an appeal from opponents who sought to overturn regulatory approval.
Brazil's Logum Makes 1st Ethanol Export to U.S. Using Pipeline to Port
The firm said the transport of the ethanol by pipelines, beyond the smaller cost and economies of scale, prevented the use of more than 700 trucks, estimating the operation avoided 2,000 tons of carbon emissions.
U.S. NatGas Soars Over 7% to 32-Month High on Small Storage Build, Hot Weather
U.S. natural gas futures soared over 7% to a 32-month high on a much smaller than expected storage build during hot weather last week.
ConocoPhillips-Backed Solaris Readies IPO with Sustainability Pitch
ConocoPhillips-backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors.
WhiteWater Announces Acquisition of Sendero’s Gateway Pipeline
WhiteWater announced the acquisition of Sendero’s Gateway Pipeline. The 24-inch Gateway Pipeline is connected to WhiteWater’s Agua Blanca natural gas pipeline system.
Trophy Pipeline Announces Open Season for Texas Expansion Project
Trophy Pipeline announced it intends to conduct an Open Season for its Texas Expansion project. Trophy proposes to construct an approximately 3-mile-long pipeline from a new origin in Winkler County, Texas, to its existing FERC-regulated, crude oil pipeline in Lea County, New Mexico.
Pin Oak Commissions Taft 20” Pipeline, Terminal Interconnections
Pin Oak Corpus Christi announced the completion of the Taft 20" Pipeline, which provides the Pin Oak Taft Terminal with interconnections to Flint Hills Resources Midway Station and Cactus II Taft Terminal.
Permian Update: America’s Oilfield Builds Back from Another Bust
Three quarters of the way through what was to be a post-pandemic year, the midstream sector of America’s biggest oilfield is slugging its way back from the bottom again.
EIG Global Energy Partners Submits Offer for Petrobras Pipelines in Brazil
U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source said.
China's LNG Import Surge to Cool in Winter as High Prices Bite
Pipeline gas will continue to ramp up to provide a supply cushion during winter, which includes supplies from Russia, which is scheduled to increase the amount of gas pumped via the Power of Siberia pipeline by 50% by the end of the year versus August levels.
Spire Could Get More Time to Operate Missouri STL NatGas Pipeline
Spire Inc. will likely get more time to keep its STL pipeline in Missouri operating after the environmental group that won a court decision requiring the pipe shutdown asked the court for more time, according to analysts.
RWE to Pick Electrolysis Provider for Lingen Hydrogen Project in 2021
RWE aims to pick a supplier of electrolysis capacity this year for a north-west German showcase project to develop clean hydrogen for delivery in 2024, a board member at its generation division said.
Perspective: Demand Only One Side of LNG Price Surge, Supply Cut by Outages
That the price of spot cargoes is at the highest for this time of year since 2013 has been largely put down to robust demand from top importers such as China, and a determination among buyers to ensure natural gas stocks are adequate for the upcoming northern hemisphere winter.
Five Killed in Mexico's Oil Platform Fire, Hammering Mexico Output
Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said.
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.
GAO Report Finds Multiple Problems with Keystone Pipeline
The U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone XL pipeline, validating President Joe Biden’s decision to revoke its permit, leaders of several House Democratic committees said.
India to Monetize $81 billion of State Assets, Including Pipelines
India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatization plans previously announced in the 2021/2022 budget to boost public finances.
Bakken Energy, Mitsubishi to Repurpose North Dakota Gas Plant for Hydrogen Production
Bakken Energy and Mitsubishi Power Americas are establishing their positions in North America’s cleaner-energy future with a partnership agreement to create a clean hydrogen hub in North Dakota.
Ukraine Offers Extra 15 Mcm/Day of Gas Transit Capacity for October
Ukraine is offering guaranteed extra transit capacity for Russian gas to Europe at 15 million cubic meters per day for October, the head of the country's gas pipelines operator told Reuters.
Russia Expects Nord Stream 2 to Deliver 5.6 Bcm of Gas This Year
The Nord Stream 2 pipeline, which is currently under construction, is expected to deliver 5.6 billion cubic meters of Russian natural gas to Europe this year, gas producer Gazprom said on Thursday.
Australia Faces ‘Precarious’ Gas Supply in 2022, Watchdog Warns
Australia's southern states could face a gas shortfall in 2022 unless LNG exporters offer more gas into the domestic market, the Australian Competition and Consumer Commission said.
Russia's Sakhalin Energy Says Maintenance Continues at LNG Train 2
Russian LNG producer Sakhalin Energy said post-shutdown commissioning was continuing at the second LNG train at its Prigorodnoye production complex.
UK Government Sets Out Strategy for a Hydrogen Economy
The British government launched a strategy to meet its goal of 5 GW of low-carbon hydrogen production by 2030 to replace natural gas in powering around three million homes, as well as industry and transport.
USD Partners Increase Connectivity at Stroud Terminal at the Cushing Hub
The expansion is being pursued by an affiliate of US Development Group and when completed will add a pipeline connection to a second 300,000-barrel storage tank at the Cushing, Oklahoma, crude oil hub.
- 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
