Business & Markets
Russian Piped Gas Deliveries to Europe Remain Stable
The Yamal-Europe pipeline usually accounts for about 15% of Russia's supply of gas to Europe and Turkey but from December 21 until recently had been operating in reverse, which helped drive up European gas prices.
Shell Faces $400 Million Writedown on Russian Downstream Assets
In February, the oil major quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 LNG plant and the Nord Stream 2 pipeline project.
US Push to Export LNG Amid Ukraine Crisis Slowed by Climate Concerns
White House efforts to boost U.S. LNG exports and cut Europe's reliance on Russian gas after the invasion of Ukraine are proceeding slowly, because of concerns about the impact on climate change.
Gas Security a Growing Worry Due to Russia's Export Dominance
Energy industry leaders said the burgeoning energy crisis is more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia.
Eni Suspends the Purchase of Oil from Russia
Italian energy group Eni has suspended the purchase of oil from Russia following its invasion of Ukraine and is watching developments closely with regards to gas procurement.
Cheniere and Engie Increase Volume, Extend Term of LNG Agreement
Under the agreement, Engie has agreed to purchase approximately 0.9 MTPA of LNG from Cheniere on a free-on-board basis for a term of approximately 20 years, which began in September 2021.
TC Energy Offers 10% Stake in Coastal Gaslink Project to Indigenous Groups
TC Energy signed an option agreement to sell 10% stake in Coastal GasLink to Indigenous communities, in an attempt to give more authority to the groups who traditionally held the land for the pipeline project.
Chevron CEO Downplays Oil Shortage Worries, Says Supplies Are Available
Chevron CEO Michael Wirth downplayed worries over oil supplies saying although global crude oil inventories have been drawn down, oil supplies are not lacking.
Remorseful Shell Abandons Russian Oil
Shell stopped buying Russian crude and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the first major Western oil companies to abandon Russia entirely.
Enel Ready to Resume LNG Plan as Italy Steps Up Gas Hunt
Italy's biggest utility Enel is ready to dust off plans to build an LNG terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas.
Europe's Plan to Wean Itself Off Russian Gas
The European Union laid out plans to cut its reliance on Russian gas by two-thirds this year and end it "well before 2030", in a bid to wrest countries free from depending on Moscow for energy.
Biden Bans Russia Oil Imports to US, Warns Gasoline Prices Will Rise Further
U.S. President Joe Biden has banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.
Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant
U.S. LNG exporter Venture Global LNG said that oil and gas major Shell has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.
Hess CEO: Petroleum Reserve Releases Should Double, Quadruple to Aid Markets
Energy consuming nations should release more crude oil from their strategic reserves to bring down the skyrocketing price of petroleum products, the CEO John Hess said.
United Steelworkers Union Calls on Oil Companies to End Russian Crude Imports
United Steelworkers International President Tom Conway said the union called on their government and employers to cut off all Russian imports of crude oil that would be processed in our domestic refineries.
Cheniere Signs EPC Contract for Corpus Christi Stage III Project
The Corpus Christi Stage III Project will consist of up to seven midscale trains, each with an expected liquefaction capacity of approximately 1.49 MTPA with a total production capacity of more than 10 MTPA.
US Prepared to Move Alone in Banning Russian Oil Imports
The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, after Russia's invasion of Ukraine.
Japan to Release 7.5 MMbbl of Oil Reserves in IEA-led Global Action
The volume makes up 12.5% of a planned coordinated release of 60 MMbbl of oil reserves that the U.S. and other members of the IEA agreed to compensate for supply disruptions following Russia's invasion of Ukraine.
Exxon Sues US Over Taxes Related to Gas Project in Qatar
Exxon Mobil Corp. filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing in U.S. district court in Dallas.
AGA Issues Concerns About New FERC Policies on Natural Gas
The American Gas Association expressed fears for the development of natural gas at the hands of FERC in a letter to Chairman Joe Manchin of the Senate Energy and Natural Resources Committee and Ranking Member John Barrasso.
Cowboy Midstream Plans New Crude Offload Terminal
Construction activities are underway, and Cowboy expects the new terminal to be ready for crude oil receipt and transportation April 2022.
Europe Must Urgently Cut Dependence on Russian Gas, Portugal Says
Europe must urgently diversify its natural gas supply sources to reduce its dependence on Russia, Portugal's energy secretary of state said, pointing to alternatives such as the U.S. and Qatar.
US Natgas Futures Ease with Drop in Global Oil, Gas Prices
The U.S. market continued its three-day streak of following sharp moves in European gas and global oil prices with the Russia-Ukraine conflict stoking energy supply concerns.
US Senators to Grill Regulators over Climate Policy on Natural Gas Projects
Top U.S. senators will grill Democratic energy regulators who approved guidelines for new natural gas projects that allow consideration of environmental justice, landowner and climate issues.
South Africa's Gigajoule to Import First LNG Cargo at New Mozambique Terminal by Mid-2025
The LNG terminal is expected to receive its first shipments of gas to a permanently moored floating storage and regasification unit in Matola harbor by mid-2025.
Russian Gas Flows Via Yamal Pipeline to Germany Halt, Bids Remain
Russian gas accounts for some 40% of European gas demand, while the Yamal-Europe pipeline usually accounts for about 15% of Russia's westbound supply of gas to Europe and Turkey.
TotalEnergies Could Lose S.Africa License If No Output Plan by Sept
TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September.
Sanctions on Russian Energy 'On the Table' - But Not Just Yet, US Says
The United States is open to imposing sanctions on Russia's oil and gas industry but going after its exports now could help Moscow, the White House said.
Exxon to Exit Russia, Leaving $4 Billion in Assets
The decision will see Exxon pull out of managing large oil and gas production facilities in Russia's Far East and puts the fate of a proposed multibillion-dollar LNG facility there in doubt.
EPIC Midstream Pioneers with Industry Leading ESG Standards for Pipeline Monitoring
EPIC’s cutting edge environmental and safety protections are possible through using fiber optics to monitor over 1,600 miles of its crude and NGL pipelines.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
