Business & Markets
Frontier's Beta Crude Connector Announces Open Season
Beta Crude Connector, through its manager, Frontier Midstream Solutions IV, announced an open season for its BCC system crude oil pipeline located in West Texas.
Freeport LNG Loads 100th Cargo
Freeport LNG today announced that it has loaded its 100th LNG cargo, which departed from Freeport LNG's terminal on Saturday.
EU Set to Deny Gas Power Plants a Green Investment Label
Power plants fueled by natural gas will not be classed as a sustainable investment in Europe, unless they meet an emissions limit that none currently comply with, according to draft European Union regulations.
Canada Opens Oil Taps as Demand Grows, Curbs Lift
Canadian crude producers are churning out extra barrels to finish their hardest year in decades on a higher note, after Alberta's government lifted restrictions and as demand for heavy oil surged.
Oil Prices Rise as U.S. Presidential Election Looms
Oil prices gained nearly 3% on Monday, rebounding from several days of losses built on concerns of rising coronavirus cases, one day before the end of U.S. presidential election voting.
Funds Sell Oil on Fears of Virus-Driven Economic Double Dip
Hedge funds sold petroleum last week as the rising number of coronavirus cases in the United States and Europe fueled fears of a double-dip recession hitting oil consumption.
Dresser NGS Expands Product Line with Acquisition of Flow Safe
Dresser Natural Gas Solutions has acquired Flow Safe in a move that enables the Houston-based measurement and instrumentation provider to offer over-pressure protection for its natural gas customers.
U.S. Drillers Add Oil and Gas Rigs for Third Straight Month
U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.
Oil Falls on Demand Concerns, Posts Second Monthly Decline
Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.
Losses Mount for Oil Companies as Pandemic Grips Economy
Already struggling with weak prices from oversupply, the pandemic has intensified the pain for oil and gas companies.
Shell Midstream's Revenue Slides During Active Storm Season
Shell Midstream Partners said third-quarter revenues took a $10 million hit during hurricane season, which is likely to cause more financial damage through the end of the year.
Russia's Gazprom Seeks More Capacity to Transport Gas Through Ukraine — Naftogaz
The head of Ukraine's state natural gas firm Naftogaz said Russia's Gazprom has approached them seeking to book more transport capacity on its natural gas pipelines to Europe.
U.S. Energy Secretary Doesn’t See Oil Production Returning Soon to Pre-Pandemic Levels
The U.S. Secretary of Energy told reporters at an industry conference on Wednesday that he does not expect the country's oil output to return to pre-pandemic levels until at least after 2021.
Enterprise Crude Pipeline Transport Volumes Drop Over 26% on Oil Price Plunge
Enterprise Products reported on Wednesday that crude volumes on its pipelines fell 26.1% as lower fuel demand caused by the coronavirus pandemic forced producers to slash output.
Texas Pipeline Association Study Shows Economic Impact of Texas Pipelines
A study commissioned by the Texas Pipeline Association revealed that the Texas oil and gas pipeline industry had a $48.6 billion impact on the state in 2019.
TC Energy to Begin Construction on NGTL Expansion Project
TC Energy has received approval from the Canadian government for its 2021 NOVA Gas Transmissions Ltd. (NGTL) System Expansion Project.
DTE Energy to Spin Off Gas Pipeline Business
Michigan utility DTE Energy announced on Tuesday it is spinning off its gas pipeline business into a publicly-traded company.
Canada's Cenovus to Buy Husky for $2.9 Billion
Canada's Cenovus Energy has agreed to purchase Husky Energy for nearly $3 billion as the industry is forced to consolidate amid the pandemic continues to suppress demand.
Nord Stream 2 Pipe-Laying Vessel Nears Project Hub
A Russian pipe-laying vessel, expected to help complete the $11 billion Nord Stream 2 pipeline, is heading towards a pipeline storage yard for the project in Germany, according to ship-tracking data.
IEnova Expects Mexican Export Permit for Costa Azul LNG This Year
IEnova, a unit of Sempra Energy, still expects to receive a permit from Mexico for its Costa Azul LNG export facility by the end of the year.
Canada's Alberta to End Monthly Oil Production Curbs in December
The Canadian province of Alberta will lift curbs on crude oil production at the start of December, allowing producers to use pipeline capacities and create jobs, the region's energy minister Sonya Savage said on Friday.
Belarus Resumes Pipeline Transit of Russian Oil to Poland
Belarus resumed transit of Russian oil to Poland, after pipeline operator PERN said it had to temporarily suspend flows due to local power-supply issues.
U.S. Pipeline Gas Exports to Mexico Increase Despite Pandemic
U.S. exports of natural gas to Mexico, almost all of which are transported by pipeline, have continued to increase in 2020 despite the COVID-19 crisis, according to the U.S. Energy Information Administration.
API Fact-Checks Presidential Debate Energy Positions
Responding with a fact-check of the presidential debate, API called for bipartisan solutions that do not force a false choice between protecting the environment and growing the U.S. economy.
Biden Calls for ‘Transition’ from Oil; GOP Sees Opening
Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states.
Gulf Energy Information Introduces Hydrogen Data with New Platform
Gulf Energy Information has launched Global Energy Infrastructure (GEI), a comprehensive dataset covering projects across the energy industry.
Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility
Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.
French Government Asks Engie to Delay U.S. LNG Deal Over Environment Concerns — Source
According to a source familiar with the matter, the French government has asked Engie to reevaluate its U.S. LNG import deal over environmental concerns.
Kinder Morgan Permian Highway Still on Track as Profit Falls
U.S. pipeline operator Kinder Morgan told investors on Wednesday that its Permian Highway pipeline was still on track to begin service in 2021 even as quarterly profit fell 10% due to lower shipping volumes.
FERC Approves Kinder Morgan Acadiana Expansion Project
The U.S. Federal Energy Regulatory Commission has approved Kinder Morgan Louisiana Pipeline’s Acadiana Project.
- 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
