Business & Markets
Part 1: Charting the Arctic’s Hydrocarbon Future
Climate change projections are useful for strategic planning by governments, regulatory agencies and the global maritime industry. They are all trying to assess the potential for expanded Arctic marine operations in the coming decades.
Perspective: Natural Gas, LNG Shrug Off Omicron, Fret About Winter Supplies
In contrast to crude oil, natural gas appears to be largely immune to the potential impact of the new coronavirus variant, with prices in three major regions trading more on expectations around winter supply and demand.
Egypt's LNG Exports at Full Capacity After Gas Price Surge
Egypt's natural gas exports are at full capacity of about 1.6 Bcf/d from its two natural gas liquefaction terminals as it seeks to benefit from a surge in international gas prices, Petroleum Minister Tarek El Molla said.
Pembina Nixes Jordan Cove LNG Plant Project in Oregon
A unit of Canadian energy company Pembina Pipeline Corp. told U.S. energy regulators that it would not move forward with its proposed Jordan Cove LNG export plant in Oregon.
Texas Adopts Rules for NatGas/Power Coordination to Avoid Feb Freeze
The Public Utility Commission of Texas adopted rules to increase coordination between the natural gas and electricity industries to avoid blackouts and other energy emergencies like last winter's February freeze.
A True Chilling Effect
When the Supreme Court refused to stay a lower court decision that vacated a federal permit allowing Spire’s STL pipeline to operate, it opened a door that could threaten natural gas supplies to residents during St. Louis’ notoriously bitter winter.
Blast-Damaged Part of Arizona NatGas Pipeline Will Be Down for Months, Kinder Expects
U.S. energy company Kinder Morgan Inc. expects part of its El Paso natural gas pipeline to remain out of service for "several months" following a blast in Arizona that killed two people in August.
Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.
Natural Gas and Oil Industry Committed to Reducing Methane Emissions, API Testifies
American Petroleum Institute Vice President of Upstream Policy Kevin O’Scannlain testified during the EPA's hearing on proposed methane regulations for new and existing sources.
Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis
Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.
Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed
Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.
APGA Continues Focus on Advocacy of Natural Gas
In this interview, Alonzo Weaver, chairman of APGA and senior vice president and COO at Memphis Light Gas & Water, discusses APGA’s priorities for the coming year, helping members who are coping with the COVID-19 pandemic and engaging the public concerning natural gas and other topics.
OPEC Oil Output Boost in November Again Falls Short of Target
The increase in OPEC's oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week.
Carbon+Intel: DNV Supports First Large-Scale Testing of Submerged CO2 Pipelines
DNV is working with Wintershall Noordzee and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be used for future CO2 transport.
Enbridge May Face Tougher Fight for Oil Barrels, Lower Rates, After Pipeline Ruling
A Canadian regulator's rejection last week of Enbridge's plan to sell space long-term on the country's biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line.
Canada's Trans Mountain Still 'Days Away' From Restarting Pipeline
Canada's Trans Mountain said it was "still days away" from restarting the key oil pipeline at a reduced capacity as heavy rains continue to impede restoration efforts.
Navigator and OCI Agree on CO2 Transportation, Storage Services Through Heartland Greenway
Navigator CO2 Ventures announced it has entered into an agreement with Iowa Fertilizer Company facility to provide CO2 transportation and storage services on its CCS system, the Heartland Greenway.
Gazprom Reports Record Quarter Profits on Surging Gas Prices
Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.
Carbon+Intel: Capital Power and Enbridge Collaborate to Reduce CO₂ Emissions in Alberta
Capital Power Corporation and Enbridge Inc. announced a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta.
ExxonMobil Continues Preparatory Work for Gas Project in Vietnam
ExxonMobil is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said, with a final investment decision dependent on factors including regulatory approvals and gas sales deals.
Waha Pipeline Work to Cut Libyan Oil Output for a Week
Libya's Waha oil company will carry out maintenance operations on a pipeline starting on Wednesday that will reduce crude output for one week
Snam Buys Stake in Algerian Pipelines to Pave Way for Hydrogen Highway
Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.
Moldova Settles Debt for Gas to Russia, Averts Energy Crisis
Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.
Oil Settles Down $10/bbl in Largest Daily Drop Since April 2020
Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter.
Canada Rejects Enbridge Plan to Sell Oil Pipeline Space Under Contract
The Canada Energy Regulator on Friday rejected Enbridge's plan to sell nearly all space on its Mainline oil pipeline under long-term contracts, rather than rationing it on a monthly basis.
Gazprom Nearly Doubles Planned Investments to $24 Billion in 2022
Russian gas giant Gazprom said its management has approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.
Greece Teams Up With Egypt on Gas Supply, Infrastructure
Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.
Giant Pipeline in U.S. Midwest Tests Future of Carbon Capture
The 2,000-mile Midwest Carbon Express would be the world's largest carbon dioxide pipeline, moving greenhouse gases from Midwest biofuels plants to store underground in North Dakota. But some landowners don't want it.
Australia Unveils Plan to Spur Pipeline Investment
Australia outlined a plan to spur investment in new gas pipelines to beef up gas supply, despite the government's pledge to achieve net zero carbon emissions by 2050
Delay to Nord Stream 2 Pipeline May Be Short - Analyst
The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said after meeting officials of Russian state gas giant Gazprom.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
