Business & Markets
Mozambique President Nyusi Says Army Gaining Ground in Insurgency-Hit Region
Nyusi was addressing the nation on the crisis that was triggered when the insurgents in March attacked the coastal town of Palma, near natural gas projects worth $60 billion that are meant to transform Mozambique's economy.
Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid
Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.
German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen
Germany’s National Hydrogen Council determined pipeline transport is the most economical option to move hydrogen for distances up to about 10,000 km (6,213 mi), even if it would require building new pipelines.
U.S. Drillers Add Oil and Gas Rigs for Fourth Week in a Row
U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher oil prices although growth in drilling has been modest as producers favor spending austerity.
Dutch Government Grants Subsidy to PosHYdon, Offshore Green Hydrogen Production Project
The Netherlands Enterprise Agency has awarded a subsidy of 3.6 million euro to the PosHYdon project, which is the world's first offshore green hydrogen pilot on a working platform.
Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes
Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.
Russia Rejects Aspects of Germany-U.S. Accord on Nord Stream 2 Pipeline
The Kremlin said it disagreed with some statements in an agreement between the United States and Germany on the Nord Stream 2 gas pipeline, insisting that Russia had never used energy as a tool of political pressure.
Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns
The Canadian province of Quebec on Wednesday rejected a liquefied natural gas export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.
Ukraine Fights Rearguard Action Against Nord Stream 2 After U.S. and Germany Unveil Deal
Ukraine has started official consultations with the European Union and Germany about Nord Stream 2, Foreign Minister Dmytro Kuleba said on Wednesday, ratcheting up Kyiv's opposition to the pipeline which it says is a threat to Europe's security.
INNIO Jenbacher Launches Hydrogen-Ready Gas Engines
Most of the currently installed INNIO Jenbacher natural gas fueled fleet can be upgraded to operate with up to 25% volume of hydrogen in pipeline gas or converted from natural gas to 100% hydrogen operation.
Nisga'a Nation, Rockies LNG and Western LNG Propose New LNG Project
Two natural gas pipeline projects are being evaluated for Ksi Lisims LNG. Both pipeline projects have received regulatory approvals following robust environmental assessment processes and can connect resources in northeastern BC to the proposed project site.
WBI Energy Begins Construction on ND Natural Gas Pipeline Project
WBI Energy, a subsidiary of MDU Resources Group, began construction this week on the North Bakken Expansion project in North Dakota. This natural gas pipeline expansion will have capacity to transport 250 million cubic feet of natural gas per day from the Bakken Formation.
Pembina Pipeline Reaffirms Existing Transaction to Purchase Inter Pipeline
Pembina Pipeline Corporation confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. pursuant to the arrangement agreement signed by the parties.
FERC to Hear TotalEnergies Alleged $214 Million NatGas Manipulation Case
An Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE, manipulated the natural gas market in 2009-2012.
Cost of Hydrogen Gas Leaks Worth Taking into Consideration
Despite hydrogen’s widespread appeal and many benefits, it is imperative to remember that it is still a potentially dangerous gas. It is colorless and odorless, making it naturally imperceptible to humans.
Pipeline Operator Kinder Morgan to Buy Kinetrex Energy in Green Energy Push
Pipeline operator Kinder Morgan said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green energy amid investor pressure to tackle climate change.
National Grid Studies UK Hydrogen Pipeline Network Potential
National Grid is exploring the potential of a 1,243-mile (2,000-km) hydrogen pipeline network across the U.K. Reaching a goal of delivering hydrogen power to consumers by 2030 will take an abundance of planning and work.
How MEA Revisited Strategic Imperatives to Maintain Its Mission
Since March 2020, businesses have been closing, pivoting, or returning to a new normal. MEA Energy Association, a trade association serving natural gas and electric utilities across the United States, is no exception.
GlobalData: Significantly More Carbon Capture Infrastructure Needed to Achieve Net-Zero Emissions
There are approximately 28 commercial Carbon Capture Utilization and Storage facilities globally, with a total capacity of 40 Megatons per annum, but accounting for only 0.12% of total energy-related CO2 emissions.
Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion
Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
STEP Advances Supercritical CO2 Power Cycles for Gas-Fired Generation
Power cycles using supercritical carbon dioxide as a working fluid show promise for many power generation applications, including high-efficiency waste heat recovery on pipeline gas turbines.
Republic of Panama, Energy Transfer Studying Potential Trans-Panama Gateway Pipeline
The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.
Ecopetrol Reports Recovery of Operations After Stabilization in Colombia
Ecopetrol reported the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the company had observed because of restrictions on mobility.
Petrobras' Albacora Seen Drawing At Least Three Buyers
Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.
Saudi Aramco Drops Morgan Stanley on Gas Pipelines Deal
Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.
Merkel Reassures Ukraine on Gas Transit Before Talks with Biden
Ukraine can be confident that Germany and the European Union will guarantee its status as a transit country for Russian gas even after the Nord Stream 2 pipeline has opened, German Chancellor Angela Merkel said on Monday.
South Korea Signs 20-Year LNG Deal with Qatar
South Korea's energy ministry said on Monday it had signed a 20-year LNG supply agreement with Qatar for the next 20 years starting in 2025.
Tellurian Terminates Total Agreement on Louisiana Driftwood LNG Plant
U.S. LNG developer Tellurian Inc said on Monday it terminated a stock purchase agreement with a unit of French energy major TotalEnergies SE related to Tellurian's proposed Driftwood LNG export plant in Louisiana.
Dominion Energy, Berkshire to Terminate Questar Pipelines Deal
Dominion Energy abandoned the sale of a natural gas pipeline to a unit of Warren Buffett's Berkshire Hathaway because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers to return to the well pad.
- 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
