Business & Markets
Chesapeake Energy Launches $1 Billion Stock Buyback
Chesapeake Energy Corp. said it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows.
Spain's October Natural Gas Imports Rise 40.6% from October 2020
Spain imported 40.4 GWh of natural gas in October, 40.6% more than during the same month last year, data from Cores, an independent arm of the Energy and Environment Ministry that monitors energy supplies, showed.
Global Oil CEOs Stress Continuing Need for Fossil Fuels at World Petroleum Congress
More than 5,000 participants from over 70 countries have gathered to attend the World Petroleum Congress this week, where top executives from energy companies are affirming the need for more oil for decades to come.
Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise
Enbridge Inc. on Tuesday raised its dividend and announced plans to buy back shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas.
Southern California Oil Spill: Unfortunate Harbinger for Future Industry Distrust
Repercussions from an offshore oil spill along part of the Southern California coast in the fall, even though overestimated fivefold, could be long-lasting and significant for the oil and natural gas industry in climate change-driven California.
DIMP-Related Pipe Replacement Work Continues in Full Force US
While the amount of work to replace cast-iron and bare-steel pipe has declined in volume since the implementation of the Gas Distribution Integrity Management Program in 2009, there is still plenty of construction left to be done.
BlackRock, Saudi Asset Manager Hassana Sign Deal for Aramco's Gas Pipelines
Saudi Aramco said it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.
Looking Back at the Top 10 Midstream Stories of 2021
While not as volatile as the previous 12 months, 2021 brought its share of anxiety as we in the energy industry – midstream in particular – worked to recover from the fallout caused by the COVID-19 virus. There were also victories along the way.
Energy Transfer Completes Acquisition of Enable Midstream
Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.
Philippines' Malampaya Gas Project Can be Extended for Several Years -Udenna President
The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp. said.
Canada's Trans Mountain Oil Pipeline Restarted on Sunday
Canada's Trans Mountain pipeline restarted operations on Sunday, weeks after shutting down during a record-breaking rainstorm in British Columbia that washed out road and railways.
Texas Cuts $9,000 Power Price Cap After February Freeze
The Public Utility Commission of Texas adopted a proposal to cut the wholesale electricity price cap from $9,000 per megawatt hour to $5,000 to help avoid price spikes like those seen during last winter's February freeze.
Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay
Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.
Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant
The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year.
Asian LNG Prices Fall as Import Demand from China Muted
Asia LNG prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany.
Part 1: Charting the Arctic’s Hydrocarbon Future
Climate change projections are useful for strategic planning by governments, regulatory agencies and the global maritime industry. They are all trying to assess the potential for expanded Arctic marine operations in the coming decades.
Perspective: Natural Gas, LNG Shrug Off Omicron, Fret About Winter Supplies
In contrast to crude oil, natural gas appears to be largely immune to the potential impact of the new coronavirus variant, with prices in three major regions trading more on expectations around winter supply and demand.
Egypt's LNG Exports at Full Capacity After Gas Price Surge
Egypt's natural gas exports are at full capacity of about 1.6 Bcf/d from its two natural gas liquefaction terminals as it seeks to benefit from a surge in international gas prices, Petroleum Minister Tarek El Molla said.
Pembina Nixes Jordan Cove LNG Plant Project in Oregon
A unit of Canadian energy company Pembina Pipeline Corp. told U.S. energy regulators that it would not move forward with its proposed Jordan Cove LNG export plant in Oregon.
Texas Adopts Rules for NatGas/Power Coordination to Avoid Feb Freeze
The Public Utility Commission of Texas adopted rules to increase coordination between the natural gas and electricity industries to avoid blackouts and other energy emergencies like last winter's February freeze.
A True Chilling Effect
When the Supreme Court refused to stay a lower court decision that vacated a federal permit allowing Spire’s STL pipeline to operate, it opened a door that could threaten natural gas supplies to residents during St. Louis’ notoriously bitter winter.
Blast-Damaged Part of Arizona NatGas Pipeline Will Be Down for Months, Kinder Expects
U.S. energy company Kinder Morgan Inc. expects part of its El Paso natural gas pipeline to remain out of service for "several months" following a blast in Arizona that killed two people in August.
Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.
Natural Gas and Oil Industry Committed to Reducing Methane Emissions, API Testifies
American Petroleum Institute Vice President of Upstream Policy Kevin O’Scannlain testified during the EPA's hearing on proposed methane regulations for new and existing sources.
Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis
Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.
Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed
Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.
APGA Continues Focus on Advocacy of Natural Gas
In this interview, Alonzo Weaver, chairman of APGA and senior vice president and COO at Memphis Light Gas & Water, discusses APGA’s priorities for the coming year, helping members who are coping with the COVID-19 pandemic and engaging the public concerning natural gas and other topics.
OPEC Oil Output Boost in November Again Falls Short of Target
The increase in OPEC's oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week.
Carbon+Intel: DNV Supports First Large-Scale Testing of Submerged CO2 Pipelines
DNV is working with Wintershall Noordzee and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be used for future CO2 transport.
Enbridge May Face Tougher Fight for Oil Barrels, Lower Rates, After Pipeline Ruling
A Canadian regulator's rejection last week of Enbridge's plan to sell space long-term on the country's biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- A Systematic Approach To Ensuring Pipeline Integrity
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
