Business & Markets
Sudan Running Low on Fuel Oil and Wheat Due to Port Blockade
A three-week blockade of Sudan's main port by tribal protesters is causing shortages of wheat and fuel oil for power generation, endangering the country's already faulty electricity supply, a cabinet minister said.
EPIC Y-Grade Completes NGL, Ethane Pipeline System from Corpus Christi to Sweeny, Texas
EPIC Y-Grade announced the completion of its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical.
United Energy Buys 140-Mile Oklahoma Natural Gas Pipeline
United Energy announced it signed a purchase agreement for a 140-mile natural gas pipeline in Wagoner County, Oklahoma, formerly owned by Red Fork Energy.
Shale Producer APA Ends Flaring, Captures More Gas as Prices Soar
Shale oil and gas producer APA Corp on Monday said it has ended routine gas flaring at its U.S. onshore operations, delivering ahead of schedule on a pledge to halt the practice as natural gas prices soar.
Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan
Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.
Spotlight on Natural Gas Expansion
TC Energy’s Projects Should Expand Gulf Coast Access and USD Partners Add Connectivity at Stroud Terminal.
Chief Oil & Gas Explores Sale for More Than $3 Billion
Chief Oil & Gas LLC, the Appalachian exploration and production company founded and controlled by Texas wildcatter Trevor Rees-Jones, is exploring a sale that could value it at more than $3 billion.
US Worried Energy Supply Not Meeting Demand, Top Biden Adviser Says
President Joe Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States was concerned about their failure to do so.
Alaska Says its Planned LNG Project will Help Asia Cut Carbon Emissions
Alaska Gasline Development Corp. said that its proposed liquefied natural gas export project would reduce greenhouse gas emissions in Asia by allowing power generators to use a cleaner fuel than coal.
Nikola, TC Energy to Jointly Develop Hydrogen Hubs in US, Canada
Calgary-based TC could use existing pipeline and storage assets to distribute hydrogen and ship carbon emissions from the hydrogen production process to permanent storage sites.
Texas’ Midland Basin Accounts for 15% of US Crude Oil in 2020
Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations.
California Lawmakers Vow to Investigate Offshore Oil Spill
Democratic members of Congress from California seized on the oil spill off the state's coast to call for investigations into why it took several hours before a pipeline operator reported the spill to federal authorities.
Britain's National Grid Says it Can Meet Winter Gas Demand
Britain has enough gas supply capacity to meet demand this winter, grid operator National Grid said in its winter gas outlook on Thursday, while the electricity system operator warned of tight power supplies.
Energy Price Surge Sends Shivers Through Markets as Europe Looks to Russia
Soaring energy prices caused alarm among European leaders and sent shivers through global markets on Wednesday, raising concerns of a winter fuel crisis that could play into the hands of gas-rich Russia.
U.S. Northeast Update: Appalachian Basin Gas Production Still Outpacing Pipeline Construction
The Northeast power grid is the most natural gas-dependent of all U.S. regions, and the Appalachian Basin is setting record highs for gas production. But pipeline construction and expansion projects have failed to keep up.
Pipeline from California Oil Spill was Moved 105 Feet Along Sea Floor
The oil appears to have leaked through a 13-inch (33-cm) gash in the pipe, which was "pulled like a bowstring" about 105 feet from where it should have been, Martyn Willsher, chief executive of Amplify Energy, told a news conference.
Plains All American, Oryx Midstream Form Permian Basin Joint Venture
Plains Oryx Permian Basin (the joint venture) includes all of Oryx's Permian assets and, except for Plains' long-haul pipeline systems and certain intra-basin terminal assets, the majority of Plains' assets within the Permian Basin.
Gazprom's Nord Stream 2 Can Challenge EU Rules, EU Court Adviser Says
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.
Dominion to Sell Questar Pipeline to Southwest Gas in Near $2 Billion Deal
Dominion Energy said on Tuesday it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion.
California Port Where Spill Occurred had Numerous Ships Waiting to Unload
Ships in record numbers have jammed the port complex near this weekend's oil spill in California, according to port data, as investigators look into whether a ship's anchor could have hit a pipeline to cause the leak.
EU Looking into Complaints that Russia Stoking Gas Price Surge
The European Commission is looking into complaints by some EU countries that Russia is using its position as a major supplier to propel the soaring price of gas in Europe, the bloc's energy policy chief said on Tuesday.
Canada Formally Invokes 1977 Pipeline Treaty with US Over Line 5 Dispute
Canada formally invoked a 1977 treaty with the United States to request negotiations over Enbridge Inc.'s Line 5 pipeline, escalating a long-running dispute over one of Canada's major oil export pipelines.
California Oil Spill Cause Probed; Storm Threatens Cleanup
Federal and state investigators were focusing on a 41-year-old pipeline as the likely source of an oil spill that killed wildlife and fouled the coast of southern California, and an approaching storm threatened cleanup efforts.
Future-Proofing US Pipelines with Hydrogen
The construction of additional natural gas, crude oil and fuel pipeline across North America is being challenged by environmental and climate action measures by the public as well as politicians.
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.
Stonepeak to Buy Teekay LNG in $6.2 Billion Deal to Tap Surging Gas Demand
Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct. 1. Excluding Teekay's debt, the deal is for $1.5 billion, and the companies expect to close the deal by the end of 2021.
Hungary Receives Gas Shipments from Ukraine, Pipeline Operator Says
Russian gas producer Gazprom under a long-term supply deal with Budapest that took effect on Friday is set to supply Hungary with gas via Serbia and Austria instead of through Ukraine.
Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market
Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.
Russia's Gazprom Starts Transport Gas Via TurkStream, Awaits Nord Stream 2 Approval
Russia's Gazprom said it has started transporting gas to Hungary and Croatia on Friday via the TurkStream pipeline.
Bulgaria Hikes Natural Gas Price by 36.2% in October
Bulgaria's energy regulator approved a 36.2% increase of the wholesale natural gas price as of October following a request by Bulgargaz, the Balkan country's main gas provider and public supplier.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
