Business & Markets
China's LNG Import Surge to Cool in Winter as High Prices Bite
Pipeline gas will continue to ramp up to provide a supply cushion during winter, which includes supplies from Russia, which is scheduled to increase the amount of gas pumped via the Power of Siberia pipeline by 50% by the end of the year versus August levels.
Spire Could Get More Time to Operate Missouri STL NatGas Pipeline
Spire Inc. will likely get more time to keep its STL pipeline in Missouri operating after the environmental group that won a court decision requiring the pipe shutdown asked the court for more time, according to analysts.
RWE to Pick Electrolysis Provider for Lingen Hydrogen Project in 2021
RWE aims to pick a supplier of electrolysis capacity this year for a north-west German showcase project to develop clean hydrogen for delivery in 2024, a board member at its generation division said.
Perspective: Demand Only One Side of LNG Price Surge, Supply Cut by Outages
That the price of spot cargoes is at the highest for this time of year since 2013 has been largely put down to robust demand from top importers such as China, and a determination among buyers to ensure natural gas stocks are adequate for the upcoming northern hemisphere winter.
Five Killed in Mexico's Oil Platform Fire, Hammering Mexico Output
Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said.
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
The Papua New Guinea government and U.S. oil major Exxon Mobil Corp plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted.
GAO Report Finds Multiple Problems with Keystone Pipeline
The U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone XL pipeline, validating President Joe Biden’s decision to revoke its permit, leaders of several House Democratic committees said.
India to Monetize $81 billion of State Assets, Including Pipelines
India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatization plans previously announced in the 2021/2022 budget to boost public finances.
Bakken Energy, Mitsubishi to Repurpose North Dakota Gas Plant for Hydrogen Production
Bakken Energy and Mitsubishi Power Americas are establishing their positions in North America’s cleaner-energy future with a partnership agreement to create a clean hydrogen hub in North Dakota.
Ukraine Offers Extra 15 Mcm/Day of Gas Transit Capacity for October
Ukraine is offering guaranteed extra transit capacity for Russian gas to Europe at 15 million cubic meters per day for October, the head of the country's gas pipelines operator told Reuters.
Russia Expects Nord Stream 2 to Deliver 5.6 Bcm of Gas This Year
The Nord Stream 2 pipeline, which is currently under construction, is expected to deliver 5.6 billion cubic meters of Russian natural gas to Europe this year, gas producer Gazprom said on Thursday.
Australia Faces ‘Precarious’ Gas Supply in 2022, Watchdog Warns
Australia's southern states could face a gas shortfall in 2022 unless LNG exporters offer more gas into the domestic market, the Australian Competition and Consumer Commission said.
Russia's Sakhalin Energy Says Maintenance Continues at LNG Train 2
Russian LNG producer Sakhalin Energy said post-shutdown commissioning was continuing at the second LNG train at its Prigorodnoye production complex.
UK Government Sets Out Strategy for a Hydrogen Economy
The British government launched a strategy to meet its goal of 5 GW of low-carbon hydrogen production by 2030 to replace natural gas in powering around three million homes, as well as industry and transport.
USD Partners Increase Connectivity at Stroud Terminal at the Cushing Hub
The expansion is being pursued by an affiliate of US Development Group and when completed will add a pipeline connection to a second 300,000-barrel storage tank at the Cushing, Oklahoma, crude oil hub.
U.S. Oil Refiner Citgo Petroleum Posts First Profit in Seven Quarters
Citgo Petroleum reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown.
Oil Industry Sues Biden Administration Over Drilling Auction Pause
Major U.S. oil industry groups sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.
U.S. Treasury to Oppose Development Bank Financing for Most Fossil Fuel Projects
The Treasury said it would oppose upstream natural gas projects, but could support midstream and downstream natural gas projects in poor countries that meet the World Bank's International Development Association targets.
New Fortress Energy to Provide Natural Gas to Unigel’s Brazilian Fertilizer Plants
The supply of gas from NFE’s Suape and Sergipe LNG terminals in Brazil’s northeast will connect Unigel’s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transportation charges.
U.S. Gulf of Mexico Oil Producers Consolidation Accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.
Saudi Aramco Aims to Raise At Least $17 billion From Gas Pipelines
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said.
TC Energy’s Louisiana Pipeline Projects Should Expand Gulf Coast Natural Gas Access
TC Energy is progressing with pipeline-related projects in Louisiana that should help deliver more natural gas to high-demand markets along the Gulf Coast and beyond.
U.S. Drillers Add Most Oil Rigs in a Week Since April - Baker Hughes
U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.
NG Imports Grow, Pipeline Construction Slows
According to the new quarterly report published by the Central Bank of Mexico, economic growth for 2021 will be between 5% and 7%, which compares favorably with the January edition, indicating between 2.8% and 6% growth.
New York's Pension Fund to Review Oil Holdings, Axes More Coal Investments
Major investors have re-evaluated holdings in fossil fuel producers and prodded energy executives to reduce emissions. After completing its shale review, the New York fund plans to turn next to oil and gas pipeline and processing investments.
PRCI Established Emerging Fuels Institute for Next-Generation Pipelines
EFI will provide PRCI members the opportunity to execute the research needed to ensure the safe transportation and storage of the next generation of energy, such as hydrogen, renewable natural gas and other potential gas and liquid fuel sources, that will help meet the world’s energy needs while reducing the impact to the environment.
EIA Reports: Gulf of Mexico Projects, Production to Grow in 2022
The U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production in the U.S. Federal Gulf of Mexico will increase in the next two years, according to the latest Short-Term Energy Outlook.
EIA Reports: US Oil Imports from OPEC Down; Canada Imports Remain High
Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far in 2021. Comparatively stable U.S. crude oil imports from Canada, however, have been mostly the result of longer-term trends.
PennEast Aims to Complete Phase of NatGas Pipe in 2022, Despite Delay
PennEast Pipeline said it still expects to complete the first phase of its $1.2 billion natural gas pipe in Pennsylvania in 2022 even though it put off acquiring rights of way for the project due to legal and regulatory hurdles.
China to Fund Myanmar Projects in Agreement with Junta
China will transfer over $6 million to Myanmar's government to fund 21 development projects, Myanmar's foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on Feb. 1.
- 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
