Business & Markets
NGL Energy Partners Announce Open Season for Grand Mesa Pipeline
NGL Energy Partners announced that a binding open season began Friday for its wholly owned affiliate Grand Mesa Pipeline’s crude oil pipeline.
China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.
Perspective: U.S. Petroleum Inventories are Becoming Tight
U.S. petroleum inventories have fallen below the pre-pandemic five-year average with consumption accelerating but crude producers slow to respond to rising prices, signaling more supply is needed.
Linden Energy Acquiring 50% Stake in Bulgaria's Largest Private Gas Company
Linden Energy, a U.S.-based energy development company, today announced it has signed an agreement to acquire 50% of Overgas Inc. AD, the first independent Bulgarian gas trader, as well as the largest privately owned gas company in the country.
North Dakota Sues Federal Govt Over Canceled Oil and Gas Leasing
North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state.
U.S. Natural Gas Production to Rise in 2021 as Demand Falls – EIA
U.S. natural gas production will increase in 2021 and demand will fall, the U.S. Energy Information Administration said in its Short Term Energy Outlook.
Malaysia's Petronas Agrees 10-year LNG Supply Deal with CNOOC Valued at $7 Billion
Malaysia's state oil firm Petronas has signed a 10-year LNG supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.
Norway’s Pipeline Sector Continues to Grow
Norway has benefited from North Sea oil and gas for over half a century. At the start of 2021, Norway was the world’s third-largest gas exporter and fifteenth biggest oil producer after Qatar, reported the BP “Statistical Review of World Energy 2020.”
Tokyo Gas to Start Methanation Pilot Program by End-March
Tokyo Gas Co Ltd, Japan's biggest city gas supplier, said on Wednesday it would start a demonstration test of methanation, a technology to help decarbonize city gas, in Japan by the end of next March.
Record-Breaking Summer European Gas Prices Signal an Expensive Winter
European gas prices vaulted to record highs this summer, driven by factors ranging from low inventories and outages to an Asian buying spree, and signaling further rises in coming months that could mean higher household bills this winter.
Company Cancels Byhalia Connection Pipeline Project
Byhalia Connection LLC announced it is no longer pursing the Byhalia Connection construction project, which had called for the construction of an oil pipeline through southwest Tennessee and northern Mississippi.
Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire
Days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers.
Settlement Agreed to Release Ship That Blocked Suez Canal
The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel would be allowed to sail on July 7.
Rebound in Global Gas Demand Threatens International Climate Targets - IEA
A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050, the International Energy Agency said on Monday.
Oman State Energy Firm OQ May Sell Drilling Business
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.
TC Energy Files $15B NAFTA Claim Over Keystone XL Cancellation
TC Energy Corporation filed a Notice of Intent to initiate a legacy North American Free Trade Agreement claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
Nigeria Losing 200,000 BPD to Pipeline Damage, Minister Says
Nigeria is losing an average of 200,000 barrels of oil per day - more than 10% of its production - to pipeline vandalism, the country's information minister said on Monday.
'Eye of fire' in Mexican Waters Blamed on Gas Pipeline Leak
Pemex said that a fire on the ocean surface west of Mexico's Yucatan peninsula Friday was caused by a gas leak from an underwater pipeline. Videos of the blaze went viral.
Shell Opens 10 MW German Hydrogen Electrolyzer to Boost Green Fuel Output
Royal Dutch Shell launched Europe's biggest hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery after two years of construction, as it expands further into alternative energies.
Gazprom Holds Back Exports via Ukraine, Pressing Case for Nord Stream 2
Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting for the Nord Stream 2 pipeline to be commissioned, analysts said.
Energy Trader Mercuria Posts Record Profit for Volatile 2020
Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.
EBRD Stops Investing in Upstream Oil and Gas to Align with Paris Goals
The European Bank for Reconstruction and Development will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement, but will continue to finance select projects in the midstream and downstream sectors.
Perspective: Rising Oil Price Will Draw Response from Consumers
Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb.
Shell Plans to Exit California Joint Venture with Exxon Mobil
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
Ecuador Races to Move Oil Pipelines, Protect Power Plant from Raging River
Two dozen workers using six excavators cleared a strip of heavy forest in the foothills of Ecuador's Reventador volcano on an overcast June morning, rushing to carve a new route for an oil pipeline in hopes of avoiding a repeat of the country's worst oil spill in decades.
Nigerian Lawmakers Pass Historic Oil Overhaul Bill
Both chambers of Nigeria's parliament have passed a bill that overhauls nearly every aspect of the country's oil and gas production, putting a project that has been in the works for two decades one step closer to presidential sign-off.
U.S. Natural Gas Companies Put Hydrogen to the Test
At least two dozen U.S. energy firms, including Dominion Energy Inc and Sempra Energy, have started producing hydrogen or testing its viability in natural gas pipes to take advantage of existing infrastructure as the world prioritizes lower-carbon fuels.
Delfin Seeks Another Year to Build its Louisiana Floating LNG Project
U.S. LNG developer Delfin LNG asked federal energy regulators for a third extension until September 2022 to bring into service the onshore facilities of its proposed floating LNG export plant off the coast of Louisiana.
Tellurian Signs Long-Term Lease with the Port of Lake Charles
Tellurian Inc. announced its wholly owned subsidiary, Driftwood LNG, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477-acre site in Sulphur, Louisiana.
Brightmark Breaks Ground on Three Renewable Natural Gas Projects in Michigan
Brightmark, a waste solutions provider, today broke ground on three renewable natural gas (RNG) projects in Michigan. The projects are owned by and will be operated through subsidiaries of Brightmark RNG Holdings, a partnership with Chevron U.S.A.
- 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
