Business & Markets

APGA Urges US Cities and Towns Not to Follow New York City’s Mistake

APGA is saddened and disappointed by the New York City Council’s decision to eliminate the direct use of natural gas in newly constructed homes and buildings.

E.ON CEO Warns Power Prices Will Not Ease in Coming Months

E.ON CEO Leonhard Birnbaum does not expect high power prices to ease soon, he warned in an interview with German paper Sueddeutsche Zeitung on Monday.

Proteum Energy and Istmo Energy to Produce Low-Cost Hydrogen in the Permian Basin

Proteum Energy entered a Memorandum of Understanding with Istmo Energy for Proteum to provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen.

Coastal GasLink Pipeline Project More Than Halfway Complete

Coastal GasLink’s pipeline project is more than 57% complete overall, and more than 46% of the construction is finished, according to its monthly construction update.

BP to Buy Out US Pipeline Partnership in $723 Million Deal

BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn't already own in a more than $700 million deal.

Gas Prices Surge in Europe as Russian Yamal Pipeline Exports Fall

European natural gas prices jumped more than 8% on Monday, nearing an all-time high, with Russian deliveries to Germany through the Yamal-Europe pipeline at very low levels.

Russian Gas Exports to Europe Via Yamal Pipeline Fall Again

Russian natural gas deliveries to Germany through the Yamal-Europe pipeline have fell again on Sunday after rising briefly from Saturday levels, data showed.

Enterprise Completes Expansion of Acadian Natural Gas Pipeline System in Louisiana

Enterprise Products Partners recently started commercial service on its new Gillis Lateral pipeline and associated expansion of its Acadian Haynesville Extension system to serve the growing LNG market on the Gulf Coast.

Texas Approves More Power Market Rules to Avoid Repeat Freeze

During the February freeze, the Electric Reliability Council of Texas ordered rolling blackouts to prevent the grid from collapsing as extreme cold shut power plants and froze gas pipelines.

United States Grand Jury Accuses Amplify Energy of Negligence in Oil Spill

A federal grand jury has accused Amplify Energy and two of its subsidiaries of illegally and negligently discharging oil during a pipeline break in California in October.

Enbridge Removes Michigan's Oil Pipeline Lawsuit to Federal Court

Enbridge Inc. removed to U.S. federal court a lawsuit filed by Michigan's attorney general against its Line 5 oil pipeline, the latest in a long-running dispute between the Canadian company and the Midwestern state.

Israel's Environment Ministry Blocks Oil Pipeline Deal With UAE

Israel's Environmental Protection Ministry blocked a deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe via an Israeli port city.

British, EU Gas Prices Soar as Less Russian Gas Expected on Friday

British and European wholesale gas prices closed at record highs after data indicated Russian gas exports to Germany through the Yamal pipeline were not expected on Friday.

About Half of US Oil Pipeline Space is Empty After Boom Time Building Spree

About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas.

Nord Stream 2 Won't Go Live in First Half of 2022, German Regulator Warns

The German energy regulator's eagerly-awaited decision on fully certifying the Nord Stream 2 gas pipeline won't come in the first half of next year, it said on Thursday.

New York City Bans Natural Gas in New Buildings

The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy.

Japan's Osaka Gas Plans to Enter India's City Market

Japan's Osaka Gas Co. said it plans to enter India's city gas market as a part of efforts to expand its overseas businesses to drive profit growth.

Russian Gas Exports to Europe via Yamal Pipeline on the Rise

Russian natural gas deliveries to Germany through the Yamal-Europe pipeline have increased in the early hours of Wednesday.

Gazprom's European Gas Export Growth Slows to 4.8%

The pace of Gazprom's natural gas exports' growth to Europe has been gradually slowing in recent months to just under 5% from double digits seen earlier in the year.

Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion

The collapse in the pipeline's tubing did not cause any environmental damage given it was empty following its suspension, the ministry said.

Ecuador Declares Force Majeure for Oil Exports, Output Due to Erosion

Ecuador's government declared force majeure over its oil exports and production contracts after ongoing erosion in its Amazon region forced a halt to pumping on two pipelines.

Plains All-American Hoping to Replace Ruptured Oil Pipeline in California

Plains All American Pipeline is applying for a replacement pipeline project in California, showing the state still has potential to host fossil fuel infrastructure even as it takes significant measures to curb climate change.

Europe Facing Record Low Gas Storage by Winter's End

Europe's gas storage levels could hit record lows by the end of the winter heating season due to an early cold spell and muted Russian flows, data showed.

Permian Oil Output Forecast to Hit Record High in January -EIA

Output from the Permian is closely watched by the global oil market because it has pipeline access to export hubs in Houston.

Brazil's Petrobras Expects to Sell TBG Pipeline Unit in 2022

Brazilian state-run oil company Petroleo Brasileiro SA expects to sign a deal to sell its TBG natural gas pipeline unit next year.

Nigeria's State Oil Firm Posts $346 Million Trading Surplus in June

NNPC's report said in June 47 pipeline points were vandalized compared to 64 in May, with the Port Harcourt area and Mosimi accounting for 94% of the vandalism.

Lukashenko Reiterates Warning on Gas Transit Blockade to Europe

Belarus' leader Alexander Lukashenko has again warned that Minsk could suspend the transit of natural gas across its territory to Europe.

Nord Stream 2 Gas Unlikely to Flow if Russia Renews Ukraine Aggression, US Says

Gas is unlikely to flow through the Nord Stream 2 pipeline if Russia renews its aggression against Ukraine, U.S. Secretary of State Antony Blinken said.

EU Tells Russia Aggression Against Ukraine Would "Come at a Price"

The head of the European Commission declined to say outright if such a move by Moscow would trigger EU sanctions against the Russian gas pipeline Nord Stream 2.

Belarus Oil Firm Cancels 2022 Druzhba Pipeline Exports to Germany After EU Sanctions

Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company.

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