Business & Markets
Lobbying for Russian Pipeline Spikes in Washington
Political lobbyists in Washington for Russia's Nord Stream 2 pipeline have increased their efforts in the past few years, but are disclosing fewer details of their work to U.S. officials according to government filings.
FERC to Decide on Marathon Alaska LNG Import Project by Year End
U.S. energy regulators said on Wednesday they plan to make a decision on Marathon Petroleum Corp’s plan to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal by the end of the year.
TC Energy Announces $400 Million ANR Pipeline Enhancement Project
TC Energy has announced it will proceed with enhancements to its ANR natural gas pipeline transmission system.
U.S. LNG Exports Set to Rise for First Time in Six Months
U.S. exports of LNG are set to rise in August for the first time in six months according to industry experts, sending the price of gas to a three-month high on Monday.
Freeport Seeks More Time to Build Train 4 at Texas LNG Facility
Freeport LNG has requested more time to complete its proposed fourth liquefaction train at its LNG facility in Texas.
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
Equitrans Midstream confirmed on Tuesday that the company plans to start up its Mountain Valley natural gas pipeline by early 2021.
Petroperu Resumes Pipeline Operations After Coronavirus-Related Halt
Peru's state-run energy firm Petroperu has restarted pipeline operations after being halted due to concerns over the coronavirus.
National Fuel Completes Acquisition of Shell Pennsylvania Upstream and Midstream Assets
National Fuel announced it has completed the purchase of upstream and midstream assets in Pennsylvania from a subsidiary of Shell.
MPLX Sees $100 Million Earnings Hit if Bakken Oil Pipelines Shut
MPLX, the midstream branch of energy firm Marathon, announced it could begin losing $100 million a year if closures of two North Dakota pipelines were to take effect.
Shell Midstream Cuts Costs as Demand Destruction Hits U.S. Pipeline Flows
Shell Midstream has announced spending cuts as demand fell across many of its U.S. pipeline operations.
Report: LDCs Own Residential, Commercial Sectors but Pipelines Fuel Power
A new government report on the U.S. natural gas industry shows that local distribution companies supply 90% of natural gas to U.S. residential and commercial sectors, but pipeline companies handle the biggest volumes through direct delivery to electric power and industrial customers.
U.S. Crude Output in May Plummets by Record 2 Million Barrels per Day
Data from the U.S. Energy Information Administration shows domestic crude output experienced its sharpest drop in 15 years in May.
Brazil's Petrobras Forges Ahead with Midstream, Downstream Divestments
Speaking to investors on Friday, executives at Petrobras, Brazil's state-run oil firm, said the company is moving forward with the IPO of its gas pipeline assets and expects to conclude a deal for its RLAM refinery in the near future.
Trump Allows Keystone Pipeline to Ship More Canadian Oil After Expansion Stalls
President Donald Trump has issued a presidential permit to allow TC Energy's Keystone oil pipeline to ship nearly 30% more Canadian crude as the company's' proposed expansion of the pipeline has again been stalled by legal hurdles.
TC Energy Profit Dips from Uncontracted Keystone Volumes
TC Energy reported a 6% drop in profits on Thursday partly due to a fall in uncontacted volumes on its Keystone oil pipeline.
U.S. Natgas Demand Up as Total Energy Use Hits 30-Year Low
U.S. natural gas consumption defied trends through the pandemic days of April 2020 with a year-over-year increase during a month in which total energy demand fell to a 30-year low.
Trump Seeks out Loyal Donors in West Texas Oilpatch
President Donald Trump's visit to a U.S. fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut that is putting the squeeze on his loyal donors in the petroleum industry.
Enbridge Sees Improving Mainline Oil Volumes
Canadian pipeline operator Enbridge on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.
Pipeline Doubts put Bakken Shale Reboot on Hold
North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of the region's oil, executives and analysts said.
U.S. Gas Rises 2% as Pipeline Exports Increase, Despite Warm Forecasts
Futures prices for U.S. natural gas rose on Tuesday as pipeline exports increase despite continuing forecasts for warmer weather.
Once Canada's Oil Relief Valve, Rail Shipping Grinds to Near Halt
Crude-by-rail shipments in Canada, which hit record highs just five months ago, have all but come to a halt as global energy demand has plummeted opening up transport space on much cheaper pipelines.
Chevron Expects to Restart Train 2 of Gorgon LNG Plant in Early September
Chevron is expecting to restart Train 2 at its Gorgon LNG plant in Australia by early September, a company spokesperson told Reuters on Tuesday.
China Starts Building Southern Section of East-Route Pipeline
Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia, PipeChina announced Tuesday.
China's Surging Crude Imports Mask Weakness in the Rest of Asia: Russell
Although China has been importing large amounts of crude oil in recent months, imports into the rest of Asia remain weak.
China's Sinopec Seeks Long-Term LNG as Prices Remain Low
Taking advantage of near-record low prices for LNG, China's Sinopec is seeking to sign 10-year delivery contracts to take delivery beginning in 2023 according to several sources.
PipeChina to Take on $56 Billion of Pipelines to Boost Network Access
China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.
India's Petronet Plans to Cancel 10-Year LNG Import Tender — Sources
India’s top gas importer Petronet LNG is set to cancel its offer to buy an annual 1 million tonnes of liquefied natural gas (LNG) for 10 years, two sources said, as signing long-term contracts is not attractive in the current scenario.
Kinder Morgan Reports Loss After $1 Billion Charge
Kinder Morgan reported a second-quarter net loss of $637 million after downgrading the value of some assets due to the market impact of Covid-19.
Bounceback in U.S. Shale Output Unlikely to Last the Summer
While the slow reopening of the global economy has raised oil prices encouraging U.S. shale producers to roll back production curtailments, industry analysts don't expect shale production to fully return for quite a while.
Tellurian Evaluates Changes to Driftwood LNG Project
Tellurian said on Wednesday the company is evaluating changes to its Driftwood LNG project that would significantly reduce Phase 1 costs.
- 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
