Business & Markets
UK has Plans to Protect Consumers from Soaring Gas Prices – Business Minister
Britain has plans in place to protect the market and consumers from soaring global gas prices, business minister Kwasi Kwarteng said on Sunday following a meeting with the head of energy regulator Ofgem.
Norway to Raise Gas Exports to Europe as Prices Soar
Norway will allow state-controlled Equinor and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over a shortage of European gas supplies that have sent prices soaring.
Syria Says Gas Pipeline at Deir Ali Power Station Resumes After Islamic State Attack
The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on Saturday, according to Syrian state TV.
Group of EU Lawmakers Seeks Probe of Gazprom's Role in Gas Price Surge
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom's role in soaring European gas prices, saying the company's behavior had made them suspect market manipulation.
Manufacturers Urge DOE to Require Reduction in LNG Export Rates
The Industrial Energy Consumers of America sent a letter urging the U.S. Department of Energy to take immediate action to prevent a supply crisis and price spikes for consumers this winter.
Russia's Gazprom Says Europe Gas Prices Could Set New Records
Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.
Russian Diamond Producer Tests CO2 Capture Potential by its Ore
State-controlled diamond producer Alrosa has teamed up with Russian scientists to test the ability of its processed ore to absorb carbon dioxide, the company said, adding that initial results of the study have been promising.
Italgas Expects DEPA Deal to Drive Earnings as Greece Looks to Gas
Italgas is working to ready its pipelines in Italy to carry biogases in the future and its experience could be transferred to Greece.
Program to Pacify Nigeria's Oil Delta Stalled by Corruption, its Boss Says
Before the amnesty program, the region had experienced years of full-blown conflict, with armed groups blowing up pipelines and flow stations, kidnapping oil workers and fighting the armed forces.
Oil Slips to $75 as U.S. Storm Threat Wanes
Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.
Maryland Cove Point LNG Export Plant to Start Work Next Week
Officials at Berkshire Hathaway Energy on Wednesday confirmed the pipeline and compressor station maintenance will start on Sept. 20 but would not confirm the shutdown of the liquefaction plant until about the day before an outage.
Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes
Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.
Russia to Consider Rosneft's Access to Nord Stream 2
Russia's energy ministry is due to prepare a report in the coming days on the possibility of Rosneft exporting gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday.
Record Gas Prices Could Hasten Nord Stream 2 Launch, Analysts Say
Record gas prices in Europe could hasten clearance for fuel supplies via Russia's Nord Stream 2 pipeline to Germany, analysts said on Tuesday.
Texas Freeport LNG Export Plant Shut During Tropical Storm Nicholas
U.S. LNG company Freeport LNG said on Tuesday all three liquefaction trains at its Freeport LNG export plant in Texas shut, likely due to power outages from Tropical Storm Nicholas.
Enbridge’s Cameron Extension Pipeline Project Nearing Completion
Texas Eastern Transmission’s Cameron Extension pipeline project in southwestern Louisiana is on track to be mechanically complete in October, leading to a November in-service, an Enbridge spokesperson said.
Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind
The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.
EIA Expects U.S. Natural Gas Consumption to Decline Through 2022
The Energy Information Administration forecasts natural gas consumption will decline in all end-use sectors in the U.S. except in the industrial sector and for other non-sector-specific uses (lease and plant fuel, pipeline and distribution use, and vehicle use).
China to Announce Details of Oil Reserve Sales in Due Course
China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.
Chevron, Enterprise Explore Carbon Storage Business Opportunities
Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.
U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.
German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen
Germany’s National Hydrogen Council determined pipeline transport to be the most economical option to move hydrogen for distances up to about 6,210 miles (10,000 km), even if it would require building new pipelines.
U.S. Offshore Oil Production Losses Felt Around the Globe
Two weeks of U.S. offshore production losses spiraled on Thursday, with contract cancellations as prolonged outages due to damages from Hurricane Ida were felt around the globe.
EIA Reports: Natural Gas Exports to Mexico Set Monthly Record
Natural gas pipeline exports from the United States to Mexico surpassed 7 Bcf/d on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out on June 17.
EIA Reports: US LNG Exports Grew to Record Highs in First Half of 2021
U.S. exports of LNG continued to grow in the first six months of 2021, averaging 9.6 Bcf/d. This average marks an increase of 42%, or 2.8 Bcf/d, compared with the same period in 2020 (according to the Department of Energy’s LNG Monthly reports, based on shipping data from Bloomberg Finance.)
EIA Expects Higher Natural Gas Prices Due to Production Reductions Following Hurricane Ida
The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook, EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per MMBtu, a 16% increase from its August forecast.
Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis
Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.
Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.
Making Hydrogen Work for UK’s Commercial Buildings
While domestic heat makes up more than half of the U.K. heat demand, commercial and industrial properties’ space heating, hot water and heat for cooking account for more than a quarter. Therefore, any conversion from natural gas to hydrogen in the national and local pipeline grids must cater to larger-scale commercial and industrial heating.
Exxon to Begin Certifying Some Shale Gas Emissions Amid Investor Pressure
Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining several shale gas producers seeking to provide the data to buyers.
- 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
