Business & Markets
Minnesota Gives Final Green Light to Line 3 Pipeline
Minnesota regulators approved the final permit Monday for Enbridge Energy’s Line 3 crude oil pipeline replacement across northern Minnesota, giving the company the green light to begin construction on the $2.6 billion project.
Anti-Pipeline Activists Face Terrorism Charges for Rail Scheme
Federal authorities in Seattle have charged two people with a terrorist attack on train tracks, suggesting they were motivated by opposition to a natural gas pipeline when they interfered with the operation of a railroad in Washington state.
Belgium-UK Gas Interconnector Pipeline Reduces Capacity
The Interconnector gas pipeline will reduce capacity for immediate delivery flows from Belgium to Britain, effective Tuesday, the operator said.
Rocket Attack Causes Fire at Oil Refinery in Northern Iraq
A rocket attack in northern Iraq hit a fuel storage tank at the Siniya refinery in Salahuddin province, causing a large fire to break out and briefly halting operations, the country's Oil Ministry said.
Minnesota Tribes File to Halt Line 3 Pipeline Approval Due to Virus
Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy's Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading.
Gazprom Swings to Q3 Net Loss of $3.3B, Raises 2020 Exports Outlook
Russian gas giant Gazprom reported a loss of 251.3 billion roubles ($3.3 billion) for the third quarter due to the weak rouble, the company said on Monday, while it also raised its outlook for gas exports to Europe, a key source of revenue.
Canadian Indigenous Deal with Keystone XL Took Years, Aims for Long-Term Wealth
TC Energy Corp's sale of a C$1 billion ($769 million) stake in Keystone XL to a Canadian indigenous group followed more than three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline.
OPEC Reaches Consensus to Extend Oil Cuts by 3 Months, Algeria Says
OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, Algeria's minister said on Monday.
Nord Stream 2 to Resume Pipelaying This Year
Russia's Nord Stream 2 said it plans to resume pipelaying work on the short, final stretch of the stalled Moscow-backed gas pipeline to Europe, in spite of U.S. sanctions.
Exxon, Total in Talks over Mozambique LNG Deal
ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, sources said.
China Hits 26% of Planned 2020 U.S. Energy Imports
China has accelerated imports of crude oil, propane and LNG from the United States since July, but total energy product purchases through October remain far short of targets set out in the Phase 1 trade deal.
Norway's DNV GL Suspends Nord Stream 2 Work over U.S. Sanctions Fear
Norway's risk management and quality assurance firm DNV GL said it has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States.
Belarus Plans to Raise Pipeline Tariff on Russian Oil by 25%
Belarus has proposed to increase a tariff it charges Russia for oil transit to Europe by a quarter, raising the stakes in oil supply talks complicated by political upheaval in Minsk, three oil industry sources told Reuters on Thursday.
Limited Pipeline Capacity in North American Regions Raises Winter Fuel Concerns
The United States has enough power generation to meet demand this winter, but extreme weather could challenge reliability in California and New England by putting fuel supplies at risk
Consumers Energy Completes 90-Mile Saginaw Trail Pipeline
Consumers Energy has completed construction of its $610 million Saginaw Trail Pipeline project, which replaced aging natural gas pipelines and related infrastructure across three Michigan counties.
OPEC+ Still Leans Toward Extension Despite Rally
OPEC and allies including Russia are leaning towards delaying next year's planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, sources said.
Oil Rallies Past 8-Month High on U.S. Crude Inventory Drop, Vaccine Hopes
Oil prices climbed to the highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
Canadian Oil Output Seen Expanding until 2039
Canadian oil production will expand for nearly two more decades, slowing the country's progress toward achieving Prime Minister Justin Trudeau's goal of net-zero emissions by 2050, the Canada Energy Regulator (CER) forecast.
Enbridge Sues Michigan Over Oil Pipeline Shutdown Order
Enbridge filed a legal challenge to Michigan Gov. Gretchen Whitmer's recent demand that the company shut down its Line 5 oil pipeline that crosses the waterway connecting Lake Huron and Lake Michigan.
Saudi Aramco: Domestic Supplies Unaffected by Missile Attack
Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen's Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event.
Canada Regulators Support NOVA's Edson Pipeline Expansion
The Commission of the Canada Energy Regulator has recommended federal cabinet approval of NOVA Gas Transmission Ltd.'s Edson Mainline Expansion Project.
Eni's Brass River Crude Exports Halted after Pipeline Explosions
Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, a source with direct knowledge of the matter said.
Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah
Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.
Russia's Novatek Starts LNG Ship-to-Ship Operations in Murmansk
Russian gas producer Novatek has started ship-to-ship loadings of LNG near the northern port of Murmansk, following U.S. pressure to stop terminal deliveries in Norway.
Oil Prices Gain on COVID-19 Vaccine News
Oil prices rose 2% on Monday, extending last week's gains, as the latest report of encouraging coronavirus vaccine trials had traders anticipating a recovery in demand.
Williams Restructures Contracts with Bankrupt Chesapeake
Pipeline operator Williams Companies said on Monday it will take ownership of some of Chesapeake Energy Corp's assets in exchange for accepting lower gas gathering fees from the bankrupt shale producer.
EU Denies Gas Plants a Green Finance Tag
The European Commission on Friday proposed that power plants fueled by natural gas would not be not classed as a sustainable investment in Europe, although plants could possibly gain a green label by burning some hydrogen.
Enbridge Adds Solar Facilities to Power Pipeline Operations
Enbridge is adding solar energy facility to help power its natural gas pipeline compressor stations, citing a recent pledge to green its operations.
Oil Prices Rise for Third Straight Week on Vaccine Hopes
Oil prices edged higher on Friday for a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains.
Russia's Payments to Belarus for Contaminated Oil Still Unresolved
Russia and Belarus have yet to resolve differences over compensation for contaminated oil supplies last year, with the issue linked to a broader dispute between the ex-Soviet republics, industry sources said.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
