Business & Markets

Nord Stream 2 AG Says Its Mobile, Fixed Network Lines Not Reachable, Shuts Website

The operator of the Russian Nord Stream 2 gas pipeline said its mobile and fixed network lines were not reachable for the time being and it had shut down its website amid hacking attacks.

Italy's Eni to Sell Stake in Blue Stream Pipeline Co-owned with Gazprom

Italian energy group Eni said it planned to sell its stake in the Blue Stream pipeline carrying Russian gas to Turkey that it co-owns with Russia's Gazprom.

Nord Stream 2 Owner Considers Insolvency After Pipeline Halt, Sanctions

The Swiss-based company is considering filing for insolvency as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.

Ukraine’s Oil and Gas Industry Supplies Only a Small Part of the Country’s Needs

Two major pipeline systems carry Russian gas through Ukraine to Western Europe. The Bratstvo pipeline crosses from Ukraine to Slovakia and the Soyuz pipeline links Russia’s pipelines to natural gas networks in central Asia.

Eastbound Gas Flows to Poland Resume Via Yamal-Europe Pipeline

A section of the Russian Yamal-Europe pipeline resumed eastbound gas delivery to Poland following normal, westbound supplies overnight, data from German network operator Gascade showed.

Neptune Energy Aims to Store More Carbon than it Emits by 2030

Neptune Energy announced its aim to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.

Talos Energy to Seek Approvals for Several Carbon-Capture Projects

Talos is developing plans to build carbon capture projects along the Texas and Louisiana coasts as energy businesses seek to lower emissions of carbon dioxide and other pollutants.

Shell to End Involvement with Nord Stream 2 Following Ukraine Invasion

Shell will also end its relationship with the flagship Sakhalin 2 LNG plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas giant Gazprom.

Ukraine’s Naftogaz Reports Close to Normal Operations

Ukrainian state oil and gas company, Naftogaz, is providing daily updates on their operations, at terminals, storage facilities and field operations, including wells and pipelines.

Frontier-Kemper to Construct Tunnel for Eagle Mountain - Woodfibre Gas Pipeline

Pre-construction activities, including design, procurement and construction planning, are expected to commence in March 2022 with construction anticipated to begin in early 2023.

Germany Winding Down Sanctions-Busting Pipeline Foundation

The commercial arm of the foundation was run by an individual appointed by Nord Stream 2 AG, whose identity is not known, and its operations were and remain a secret, despite being housed within a public foundation.

Poland, Lithuania Speed Up Gas Link Amid Russia Supply Worries

A natural gas pipeline called GIPL linking Poland and Lithuania will open on May 1, earlier than the scheduled mid-2022 start, linking the Polish grid with a route to an LNG terminal in Lithuania.

Ukraine: Russian Troops Blow Up Gas Pipeline in Kharkiv

Ukraine said Russian troops have blown up a natural gas pipeline in the Ukrainian city of Kharkiv, but Gazprom says flows to Europe are unaffected.

Yamal-Europe Gas Pipeline Reverses After Some Westbound Flows

Russia's Yamal-Europe gas pipeline switched back into reverse mode on Sunday morning, resuming supplies from Germany to Poland after short intermittent westbound flows overnight, data from German network operator Gascade showed.

Transmed Gas Pipeline Can Increase Supply to Europe - Sonatrach

The trans-Mediterranean natural gas pipeline that links Algeria and Italy has spare capacity that can be used to increase supply to Europe, the CEO of Sonatrach said on Sunday.

Germany in Talks With Uniper over LNG Terminal

The German government has asked utility firm Uniper to resume its plans to build an LNG terminal in Wilhelmshaven as Germany steps up its plans to cut dependence on Russian gas, a newspaper reported Sunday.

Biden Says U.S., Partners Working on Global Oil Reserve Release

Oil

President Joe Biden said on Thursday the United States is working with other countries on a combined release of additional oil from global strategic crude reserves,

Oil Tops $100/Barrel on Ukraine Attack Before Easing

Oil

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine raised concerns about supply disruptions.

Major Buyers of Russian Oil Struggle with Bank Guarantees - Sources

Oil

Global oil markets were thrown into chaos by Russia's invasion of Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take its crude.

Cherniere Expects More Long-Term LNG Supply Deals in Volatile Market

Top U.S. LNG exporter Cheniere Energy on Thursday said high prices and an "extremely volatile" global market are driving more long-term supply contracts.

Greece Lines up Additional Gas Supplies as Ukraine Tensions Rise

Greece has lined up additional supplies of pipeline gas and LNG should existing plans be disrupted by the Ukraine crisis, a government spokesperson said on Wednesday.

North America's Old Pipelines Seek New Life Moving Carbon

North American oil and gas pipeline companies are gearing up to compete for a budding market moving greenhouse gases to carbon capture and storage projects - by building new pipelines to transport carbon dioxide or giving new life to old, under-used ones.

Equitrans Nixes Summer Start of Mountain Valley Pipeline

Equitrans Midstream on Wednesday announced that it is no longer targeting a summer 2022 startup of its long-delayed Mountain Valley Pipeline (MVP) and is not yet able to provide an update on the project's in-service timing or overall cost.

US Slaps Sanctions on Company Building Nord Stream 2

President Joe Biden said on Wednesday the United States would impose sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.

Argentina Launches Tender to Build New Vaca Muerta Gas Pipeline

Argentina's government launched a tender on Wednesday for the construction of the first stage of a new natural gas pipeline from the Vaca Muerta shale formation.

US Met More Than Quarter of European LNG Demand Last Year - EIA

The United States last year became Europe's largest source of liquefied natural gas (LNG), the U.S. Energy Information Administration (EIA) said on Tuesday.

Natural Gas-Fired Generators Used More in PJM Interconnection

The rapid development of shale gas resources in Pennsylvania, Ohio and West Virginia has contributed to sustained low natural gas prices, and it has encouraged the construction of natural gas-fired power plants.

Low-Carbon Hydrogen Pipeline Projects Could Reach 42 Million Tons Annual Capacity

A large proportion of hydrogen pipeline projects in the feasibility phase brings the global low-carbon hydrogen project capacity to 42 million tons per annum, GlobalData announced.

Qatar: 'Almost Impossible' to Quickly Replace Russian Gas Supplies

Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with LNG in the event of disruption due to a conflict between Russia and Ukraine, Qatar's energy minister said on Tuesday.

Oil Settles Near 2014 High on Russia-Ukraine Escalation

Oil

Oil edged close to $100 a barrel on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, but pared gains to end near 2014 highs.

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