Business & Markets
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.
Enbridge Gets OK to Return TETCO NatGas Pipe to Full Service
Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.
TC Energy to Switch to Green Power to Run N. American Energy Pipelines
Canadian pipeline operator TC Energy Corp could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines.
MDU Resources Planning $75 million NatGas Pipeline Expansion in North Dakota
To fulfill additional customer demand, WBI Energy plans to construct a 60-mile, 12-inch natural gas pipeline expansion and ancillary facilities to Wahpeton. The expansion will have capacity of 20 million cubic feet of natural gas per day and is expected to cost approximately $75 million.
Mexican Methane Leak Rate 'Alarming' for Climate Change, Report Says
To blame for Mexico's poor record are mostly high emissions at midstream facilities that gather, compress, and process the gas, the report says. Other culprits are venting and flaring.
Enterprise Products Oil Pipeline Volume Rises on Demand Recovery
Enterprise Products Partners said on Wednesday volume across its crude oil pipelines rose 5% in the second quarter on the back of a recovery in demand as the global economy continues to reopen following COVID-19 lockdowns.
Wintershall Dea Says Europe Needs More Gas from All Sources
Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.
Spire Seeks U.S. Backing for Missouri NatGas Pipeline to Avoid Outages
U.S. natural gas company Spire Inc's Spire STL Pipeline unit filed an emergency application with U.S. energy regulators to keep the STL gas pipeline in service ahead of this winter to avoid gas service outages in St. Louis.
FERC to Hear Total NatGas Manipulation Case by Aug. 2022
The case, which has already dragged on for years, is the biggest of FERC's ongoing disputes over alleged power and gas market manipulation, some of which started over a decade ago.
Perspective: Why Green Hydrogen — Not Grey — Could Help Solve Climate Change
Green hydrogen is more expensive to produce, but it can be manufactured with zero emissions using renewable electricity to split water into oxygen and hydrogen. Globally, less than 2% of hydrogen is produced this way.
Polish PGNiG Ends LNG Deal Over U.S. Texas Port Arthur Delays
PGNiG has terminated a deal with U.S. firm Sempra Energy for LNG supplies from the Texas Port Arthur project due to delays, Poland's biggest gas company said on Tuesday.
Gazprom to Pay 349 million Euros in Advance to Use Bulgarian Pipeline
Russia's state gas company Gazprom has agreed to pay 349 million euros ($412 million) in advance for capacity on the Bulgarian extension of the TurkStream gas pipeline, Bulgarian state network operator Bulgartransgaz said.
Enagas First-Half Net Profit Falls on Lower Fees in Spain
Spanish gas grid operator Enagas said its first-half net profit fell 9.8% to 213 million euros ($251.28 million) after a change of regulations in 2020 forced it to charge lower fees in Spain.
Mozambique President Nyusi Says Army Gaining Ground in Insurgency-Hit Region
Nyusi was addressing the nation on the crisis that was triggered when the insurgents in March attacked the coastal town of Palma, near natural gas projects worth $60 billion that are meant to transform Mozambique's economy.
Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid
Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.
German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen
Germany’s National Hydrogen Council determined pipeline transport is the most economical option to move hydrogen for distances up to about 10,000 km (6,213 mi), even if it would require building new pipelines.
U.S. Drillers Add Oil and Gas Rigs for Fourth Week in a Row
U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher oil prices although growth in drilling has been modest as producers favor spending austerity.
Dutch Government Grants Subsidy to PosHYdon, Offshore Green Hydrogen Production Project
The Netherlands Enterprise Agency has awarded a subsidy of 3.6 million euro to the PosHYdon project, which is the world's first offshore green hydrogen pilot on a working platform.
Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes
Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.
Russia Rejects Aspects of Germany-U.S. Accord on Nord Stream 2 Pipeline
The Kremlin said it disagreed with some statements in an agreement between the United States and Germany on the Nord Stream 2 gas pipeline, insisting that Russia had never used energy as a tool of political pressure.
Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns
The Canadian province of Quebec on Wednesday rejected a liquefied natural gas export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.
Ukraine Fights Rearguard Action Against Nord Stream 2 After U.S. and Germany Unveil Deal
Ukraine has started official consultations with the European Union and Germany about Nord Stream 2, Foreign Minister Dmytro Kuleba said on Wednesday, ratcheting up Kyiv's opposition to the pipeline which it says is a threat to Europe's security.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Panama Canal Considers Pipeline to Move U.S. Gas to Asia
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
