Business & Markets
LM Energy Launches Open Season to Extend Oil Gathering System in Northern Delaware Basin
The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.
Uganda, Tanzania, Oil Firms Sign Accords to Build $3.5 billion Pipeline
Total's CEO said the pipeline is one of the largest projects they should develop on this continent, adding they expected oil production to commence in early 2025.
Aramco Agrees to $12.4 billion Deal to Sell Stake in Pipelines
Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.
U.S. Army Corps Allows Dakota Pipeline to Stay Open During Review
The U.S. Army Corps of Engineers today said it will allow Energy Transfer's Dakota Access oil pipeline to keep running, after an environmental permit was scrapped last year.
U.S. Army Corps to Lay Out Plans for Dakota Access Pipeline Review at Hearing
The U.S. Army Corps of Engineers is expected to lay out its recommendations on the Dakota Access oil pipeline at a federal court hearing today that could involve shutting down the line for several months during an environmental review.
Petrobras Natural Gas Hikes Enduring Even as Shares Dip
Petroleo Brasileiro SA is unlikely to be able to back away from a 39% hike in natural gas prices slammed by Brazil's President Jair Bolsonaro, sources close to the company said, pointing to the durability of existing contracts with distributors.
Lithuanian LNG Port Looks to Supply Poland, Ukraine Via New Pipe
Klaipeda's LNG import terminal operator says its gas could reach Poland, Ukraine and other countries south of Lithuania next year, when a new pipeline comes online.
Archaea Energy, Aria Energy Combine to Form RNG Development, Advancement Company
The business combination with Archaea and Aria, one of the largest companies in the North American landfill gas (LFG) sector, will create a significant U.S. RNG platform.
Britain Will Have Enough Gas, Electricity This Summer, Says National Grid
The volume of LNG delivered to Britain is expected to be lower than the previous two summers at 5.7 bcm because of competing markets, but pipeline flows from Norway will be higher this summer.
Canadian Pipeline Companies See Natgas Opportunities in Shift to Green Energy
Natural gas and liquids will continue to play a prominent role in the energy economy for decades to come, one executive said, even as a transition to cleaner energy evolves.
Oil Prices Fall Despite Stronger Economic Outlook
Oil prices eased on Wednesday after earlier gains despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opened the possibility of an easing of sanctions on its oil exports.
Report Shows Oil Industry Jobs Pay More Than Wind, Solar Jobs
Workers in nuclear energy and fossil fuel industries earn higher wages than those in renewable energy sectors like wind and solar that are the focus of Biden's plan to stimulate the U.S. economy and combat climate change, according to an analysis.
Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake
U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.
Phillips 66 Warns U.S. Winter Storm Pushing First-quarter Loss Past Forecast
U.S. refiner Phillips 66 on Monday predicted that its first-quarter loss would be larger than expected, citing the severe winter cold snap that battered its U.S. Gulf Coast petrochemical operations.
Exxon Sues Energy Transfer Over Charges From Pipeline Dispute
Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing.
Democrats Asking Biden to Shut Down Dakota Access Pipeline
A group of 33 Democratic congress members are named on a letter to President Joe Biden asking him to shut down the Dakota Access Pipeline while it undergoes a court-mandated environmental review.
Midcoast Energy Completes CJ Express Pipeline Expansion
Texas-based Midcoast Energy completed its CJ Express pipeline expansion project, and it is now in service, the subsidiary announced.
Construction of Cuxtal Gas Pipeline to Boost Yucatan Economy
The start-up of the Cuxtal 1 gas pipeline represents a key infrastructure project aimed at satisfying the demand for energy in this region of Mexico, which is currently growing at twice the national average: 4.1% versus 2.6%.
U.S. LNG Export Bonanza Reshapes Energy Map in Asia
U.S. exports of LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialized region recovers from the COVID-19 pandemic, Eikon trade data shows.
Energy Transfer, Centurion Pipeline Agree on Crude Oil Transportation
Energy Transfer and Centurion Pipeline announced they will post a joint tariff for crude oil transportation service from ET’s terminals in Platteville, Colorado and Cushing, Oklahoma to ET’s Nederland, Texas terminal.
Pony Express Pipeline Announces Open Season for Transportation
Tallgrass Pony Express Pipeline, a subsidiary of Tallgrass Energy, announced a binding open season soliciting shipper commitments for crude oil transportation.
German Gas Grids Report Progress with Investment Plans, Pipeline Expansions
German gas pipeline companies have completed 28 out of 201 measures planned between 2020 and 2030, keeping them on track to provide capacity expansions and conversions for increased imports this decade.
Investors Renew Push for EU Methane Emissions Standard on Gas
A group representing European investors managing 36 trillion euros ($42.3 trillion) in assets renewed pressure on the European Commission to introduce mandatory methane emissions standards for natural gas.
Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines
U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs.
Denmark’s Orsted Plans Wind Farm, Hydrogen Plant
The proposed plant at the North Sea Port straddling the Dutch-Belgian border is supported by a group of companies that will also pursue an expansion of local pipelines to handle the hydrogen.
Hundreds Attend Successful Virtual Pipeline Opportunities Conference
Hundreds of pipeline industry professionals attended the 17th Annual Pipeline Opportunities Conference online Tuesday to learn about pressing issues and new developments within the industry.
Certarus, RNG Moovers Agree on Delivery of Renewable Natural Gas
Certarus will be responsible for the delivery of renewable natural gas (RNG) from several dairy farms in California to gas pipeline injection points, where it will help to meet the growing demand for lower carbon intensity fuel.
Russia's Transneft Posts 26% Fall in 2020 Net Profit
Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.
Australian State Rejects AGL Energy's Plan to Import LNG
Victoria state rejected a plan by AGL Energy to build an LNG import terminal, effectively killing a proposal designed to help fill an expected shortfall in gas supply in southeast Australia from 2024.
Perspective: Australia's Natural Gas Industry Should Worry About Demand, Not Supply
Australia, the world's largest exporter of liquefied natural gas, is facing a dilemma when it comes to domestic demand for the fuel, as the government's plans for a gas-fired economic recovery run into some confronting realities.
- 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
