Business & Markets
GlobalData: Significantly More Carbon Capture Infrastructure Needed to Achieve Net-Zero Emissions
There are approximately 28 commercial Carbon Capture Utilization and Storage facilities globally, with a total capacity of 40 Megatons per annum, but accounting for only 0.12% of total energy-related CO2 emissions.
Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion
Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
STEP Advances Supercritical CO2 Power Cycles for Gas-Fired Generation
Power cycles using supercritical carbon dioxide as a working fluid show promise for many power generation applications, including high-efficiency waste heat recovery on pipeline gas turbines.
Republic of Panama, Energy Transfer Studying Potential Trans-Panama Gateway Pipeline
The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding (MOU) to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.
Ecopetrol Reports Recovery of Operations After Stabilization in Colombia
Ecopetrol reported the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection with the adverse impacts the company had observed because of restrictions on mobility.
Petrobras' Albacora Seen Drawing At Least Three Buyers
Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.
Saudi Aramco Drops Morgan Stanley on Gas Pipelines Deal
Saudi Aramco has dropped Morgan Stanley as an adviser for the sale of its gas pipelines and picked JPMorgan and Goldman Sachs for the role, three sources familiar with matter said.
Merkel Reassures Ukraine on Gas Transit Before Talks with Biden
Ukraine can be confident that Germany and the European Union will guarantee its status as a transit country for Russian gas even after the Nord Stream 2 pipeline has opened, German Chancellor Angela Merkel said on Monday.
South Korea Signs 20-Year LNG Deal with Qatar
South Korea's energy ministry said on Monday it had signed a 20-year LNG supply agreement with Qatar for the next 20 years starting in 2025.
Tellurian Terminates Total Agreement on Louisiana Driftwood LNG Plant
U.S. LNG developer Tellurian Inc said on Monday it terminated a stock purchase agreement with a unit of French energy major TotalEnergies SE related to Tellurian's proposed Driftwood LNG export plant in Louisiana.
Dominion Energy, Berkshire to Terminate Questar Pipelines Deal
Dominion Energy abandoned the sale of a natural gas pipeline to a unit of Warren Buffett's Berkshire Hathaway because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers to return to the well pad.
NGL Energy Partners Announce Open Season for Grand Mesa Pipeline
NGL Energy Partners announced that a binding open season began Friday for its wholly owned affiliate Grand Mesa Pipeline’s crude oil pipeline.
China's CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
When the first gas from CNOOC Ltd's new ultra-deep field in the South China Sea started flowing in late June to the world's largest customized floating platform 1,500 meters above the sea bed, it marked a key phase in China's gas drive.
Perspective: U.S. Petroleum Inventories are Becoming Tight
U.S. petroleum inventories have fallen below the pre-pandemic five-year average with consumption accelerating but crude producers slow to respond to rising prices, signaling more supply is needed.
Linden Energy Acquiring 50% Stake in Bulgaria's Largest Private Gas Company
Linden Energy, a U.S.-based energy development company, today announced it has signed an agreement to acquire 50% of Overgas Inc. AD, the first independent Bulgarian gas trader, as well as the largest privately owned gas company in the country.
North Dakota Sues Federal Govt Over Canceled Oil and Gas Leasing
North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state.
U.S. Natural Gas Production to Rise in 2021 as Demand Falls – EIA
U.S. natural gas production will increase in 2021 and demand will fall, the U.S. Energy Information Administration said in its Short Term Energy Outlook.
Malaysia's Petronas Agrees 10-year LNG Supply Deal with CNOOC Valued at $7 Billion
Malaysia's state oil firm Petronas has signed a 10-year LNG supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.
Norway’s Pipeline Sector Continues to Grow
Norway has benefited from North Sea oil and gas for over half a century. At the start of 2021, Norway was the world’s third-largest gas exporter and fifteenth biggest oil producer after Qatar, reported the BP “Statistical Review of World Energy 2020.”
Tokyo Gas to Start Methanation Pilot Program by End-March
Tokyo Gas Co Ltd, Japan's biggest city gas supplier, said on Wednesday it would start a demonstration test of methanation, a technology to help decarbonize city gas, in Japan by the end of next March.
Record-Breaking Summer European Gas Prices Signal an Expensive Winter
European gas prices vaulted to record highs this summer, driven by factors ranging from low inventories and outages to an Asian buying spree, and signaling further rises in coming months that could mean higher household bills this winter.
Company Cancels Byhalia Connection Pipeline Project
Byhalia Connection LLC announced it is no longer pursing the Byhalia Connection construction project, which had called for the construction of an oil pipeline through southwest Tennessee and northern Mississippi.
Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire
Days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers.
Settlement Agreed to Release Ship That Blocked Suez Canal
The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel would be allowed to sail on July 7.
Rebound in Global Gas Demand Threatens International Climate Targets - IEA
A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050, the International Energy Agency said on Monday.
Oman State Energy Firm OQ May Sell Drilling Business
Oman state energy company OQ is considering selling its drilling unit Abraj Energy Services, sources said, as the Gulf nation seeks to shore up its finances that have been hit by the coronavirus pandemic and last year's oil price plunge.
TC Energy Files $15B NAFTA Claim Over Keystone XL Cancellation
TC Energy Corporation filed a Notice of Intent to initiate a legacy North American Free Trade Agreement claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
Nigeria Losing 200,000 BPD to Pipeline Damage, Minister Says
Nigeria is losing an average of 200,000 barrels of oil per day - more than 10% of its production - to pipeline vandalism, the country's information minister said on Monday.
'Eye of fire' in Mexican Waters Blamed on Gas Pipeline Leak
Pemex said that a fire on the ocean surface west of Mexico's Yucatan peninsula Friday was caused by a gas leak from an underwater pipeline. Videos of the blaze went viral.
- 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
