Business & Markets
EIA Flags Below Average U.S. NatGas Stocks Going into Winter
The U.S. Energy Information Administration said high level of natural gas exports this year, coupled with relatively flat output have led to below average injection of the fuel into storage going into the winter heating season.
Libyan Oil Output Down 60,000-70,000 BPD on Leak
A pipeline leak reduced oil output in Libya by 60,000-70,000 barrels per day on Tuesday, National Oil Corporation said.
Safe Procedure Failure Led to Natural Gas Release, Fire in San Francisco Neighborhood
Kilford Engineering Inc.’s excavation crew’s failure to follow safe excavation practices near a pipeline contributed to a 2019 natural gas release and fire in a San Francisco neighborhood, the National Transportation Safety Board determined through an investigation.
INGAA Welcomes Senate Passage of Bipartisan Infrastructure Package
The Senate’s vote to advance the INVEST in America Act, demonstrates that Congress can achieve bold energy and climate goals when it works on a bipartisan basis and collaborates with stakeholders, INGAA's CEO said.
Inpex to Delay Investment Decision on Indonesia's Abadi LNG Project
Japanese energy company Inpex Corp expects its final investment decision on the Abadi LNG project to be delayed because COVID-19 has disrupted survey work and adjustments may be needed due to climate change.
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants
Egypt's petroleum minister and Israel's energy minister discussed "future plans" for Israeli gas to be liquefied at Egyptian natural gas liquefaction plants for re-export, the ministers said in a joint statement on Monday.
China's Crude Oil, Gas Imports Rebound in July
China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance. LNG and pipeline gas imports also showed big gains.
Oil Falls in Biggest Weekly Decline in Months
Global benchmark Brent shed more than 6% and WTI nearly 7% in their biggest weekly declines in months last week on concerns that Covid-related travel restrictions could derail the global recovery in energy demand.
Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects
Energy Transfer said it has completed a phased expansion of Dakota Access Pipeline that boosted capacity to 750,000 bpd from 570,000 bpd even as it waged a legal battle for survival.
Customers Signing Long-Term LNG Deals Again – Cheniere
LNG company Cheniere Energy said customers are starting to sign long-term contracts to buy LNG again, noting that market dynamics continue to support its long-term growth expectations for natural gas worldwide
Eni to Deliver Carbon Neutral LNG Cargo to Taiwan's CPC
Italian energy group Eni said it has reached an agreement with Taiwan's CPC Corporation for the delivery of a carbon-neutral LNG cargo to CPC at the Yung An receiving terminal in Taiwan.
Cheniere Expects Louisiana Sabine 6 LNG Unit in 2022
U.S. LNG company Cheniere Energy said the sixth train at its Sabine Pass export plant in Louisiana was about 89.6% complete and was still expected to enter commercial service in the first half of 2022.
UGI and Synthica Energy Partner to Develop Renewable Natural Gas
The project is expected to generate approximately 250,000 MMBTUs of pipeline-quality RNG each year that will be injected into a local natural gas pipeline on the regional distribution system.
Canadian Natural Sets New Emission Goals After Profit Beat
Canadian Natural said it is now targeting 50% reduction in methane emissions from its North America exploration and production business by 2030, from baseline of 2016.
BP Pipelines Offers to Acquire BP Midstream Partners
The board of directors of the general partner of BPMP received a non-binding offer from BP Pipelines to acquire all of the outstanding common units of BPMP held by the public in exchange.
Senator Introduces Bill Amendment in Hopes of Restarting Keystone XL
U.S. Senator Marsha Blackburn introduced an amendment to the $1 trillion infrastructure bill that could result in restarting the Keystone Pipeline, her office announced.
Making Digital Transformation a Reality
Unlocking the value of process data through digital transformation not only offers oil and gas operators huge benefits, but it is also an essential step for businesses to remain efficient and competitive in the future.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer Natural Resources Co.'s top executive said that U.S. shale growth was "not going to grow that much" in the coming years, as oil and gas companies continue to focus on capital discipline and shareholder returns.
Plains All American Boosts Earnings Outlook as Fuel Demand Recovers
Plains All American Pipeline LP raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.
Pipeline Operator Enbridge Posts Drop in Quarterly Profit
Enbridge Inc. said its quarterly profit fell sequentially, as the Canadian pipeline operator transported lower volumes of fuel on its Mainline system.
Ivory Coast to Build 200 MW LNG Plant, Says Energy Minister
Ivory Coast is in talks to build a 200-megawatt power plant fueled by LNG as it seeks to avoid outages that rocked the country earlier this year, Mines and Energy Minister Thomas Camara said on Tuesday.
Riding the Oil Price Rebound: Gulf States to Accelerate Asset Sales
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
Neptune Energy Installs World’s Longest ETH Production Pipeline
Neptune Energy announced the installation and testing of the world’s longest trace-heated subsea production pipeline at its operated Fenja field in the Norwegian sea. The 37-kilometre (23-mile) electrically trace-heated pipe-in-pipe solution will transport oil from the field to the Njord A platform, operated by Equinor.
HollyFrontier, Pipeline Unit to Buy Sinclair Oil in $2.6 Billion Deal
HollyFrontier Corp and its pipeline partner will buy almost all of Sinclair Oil's assets in two deals totaling around $2.6 billion, the companies said, adding new refining, pipeline and storage assets to their portfolio.
Perspective: IEA’s Roadmap Shows Difficult Journey to Net Zero
Polarized responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe.
Cross Carbon Ventures Announces Formation of Carbon Capture Development Partnership
CCV will leverage Svante’s innovative technology to capture carbon directly from industrial post-combustion flue gases to produce pipeline-grade CO2 for safe transportation and storage.
Texas Intrastate Whistler Pipeline Placed in Service
The Whistler Pipeline began full commercial service last month, providing approximately 2.0 Bcf/d of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure sufficient reliable gas takeaway and reduce natural gas flaring in the Permian basin.
U.S. Oil & Gas Rig Count Falls for First Week in Eight -Baker Hughes
U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks amid an industry stampede to reward investors with share buybacks instead of boosting production.
Entergy Seeks to Build NatGas/Hydrogen Power Plant in Texas
U.S. electric company Entergy Corp wants to build a power plant in Texas capable of burning a combination of natural gas and hydrogen as more consumers seek to transition from dirty fossil fuels to carbon-free sources of energy.
Pipeline Operator Enbridge Beats Profit Estimates as Oil Volumes Rebound
Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand.
- 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
