Business & Markets
Tellurian, Petronet Renew LNG Investment Deal — Sources
Sources report that India's Petronet LNG has renewed a deal with U.S.-based Tellurian LNG to purchase gas from Tellurian's massive Driftwood export project.
Delayed Romanian Black Sea Gas Projects Pose Risk to Pipeline
Romania is looking to finalize plans to build a pipeline through Eastern Europe but delayed plans to extract gas from the Black Sea leave the project in doubt.
EIA Forecasts Year-Long U.S. Petroleum Demand Recovery
The U.S. Energy Information Administration predicts that U.S. petroleum consumption will continue to recover through the end of this year but won't reach pre-pandemic levels until August 2021.
Petrobras Sells Remaining Stake in TAG to Engie Brasil, CDPQ
Petrobras, Brazil's state-owned oil company, has agreed to sell its remaining stake in natural gas pipeline company TAG Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).
Williams Receives Approval for Mid-Atlantic Pipeline Expansion
The Federal Energy Regulatory Commission has approved capacity expansion on William's Leidy South natural gas pipeline.
Snam and Baker Hughes Test First Hydrogen Hybrid Turbine for Gas Transportation
Snam and Baker Hughes have announced the successful completion of testing for a new "hybrid" turbine that will allow pipelines to carry hydrogen along with natural gas.
Israel Approves Pipeline Deal to Sell Gas to Europe
Israel has approved an agreement with European countries to build the Eastmed pipeline to supply gas to Europe from the eastern Mediterranean.
Chevron to Buy Noble in Biggest U.S. Energy Deal Since Oil Crash
Chevron said on Monday it would buy Noble Energy for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.
Total Signs $14.9 Billion in Financing for Huge Mozambique LNG Project
French oil major Total has signed a financing deal worth nearly $15 billion for its massive LNG project in Mozambique.
U.S. OKs start of seventh unit at Kinder Morgan Georgia Elba LNG export plant
The Federal Energy Regulatory Commission (FERC) has approved the start of the seventh liquefaction train at Kinder Morgan's Elba Island LNG plant in Georgia.
Marketing Firm Sues Occidental for Payment of Crude
A midstream marketing firm is suing Occidental Petroleum alleging the embattled shale producer did not pay for crude deliveries.
Buckeye Partners Begins Operations at South Texas Gateway Export Terminal
Buckeye Partners has begun exporting oil from its new South Texas Gateway terminal in Corpus Christi, TX.
ChemChina Buys Gazprom Neft's First Arctic Oil Cargo for China — Sources
Gazprom Neft has sold its first ever oil cargo to China to be delivered via Arctic shipping routes to ChemChina according to sources.
Czech Gas Firm Scales Back Poland, Austria Interconnector Plans
Net4Gas, a Czech gas pipeline operator, has scaled back and delayed plans to build new pipeline connections with Poland and Austria according to the company's new investment plan.
OPEC+ Eases Record Oil Cuts as Economy Recovers from Pandemic
OPEC and its allies have agreed to ease production cuts established earlier in the year as the global economy begins to recover from the coronavirus pandemic but fears of a second wave of infections could hamper the market recovery.
FERC Gives Delfin Another Year to Build Louisiana Floating LNG Project
U.S energy regulators have given Delfin LNG a second one-year extension to build it's floating LNG project off the coast of Louisiana.
U.S. Extends Sanctions on Companies for Work on Russian Pipelines
U.S. Secretary of State Mike Pompeo announced on Wednesday that the country will be extending sanctions against companies working on two major Russian pipelines if the firms do not halt their work.
Total Seeks Buyers for Stake in North Sea Gas Pipeline — Sources
According to industry sources, French major Total is looking to sell it's 27.5% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline.
Iran's Oil Storage Almost Full as Sanctions, Pandemic Weigh
As U.S. sanctions and the coronavirus pandemic take its toll on Iran, the country has been forced to cut back its oil production due to a decreasing amount of storage.
Natural Gas Efficiency Programs Pay Off in Reduced Costs, Carbon Emissions
North American natural gas utilities have been spending nearly $4 million a day for programs to make customers more efficient use of the fuel. A new study shows those investments are paying off.
Building a Gas Utility for Future Prosperity
Nicor Gas, the largest natural gas distribution company in Illinois with 2.2 million customers, is one provider that has embraced new opportunities by launching a robust meter modernization program.
FERC Policy Statement on ROE Favors Pipelines
A new FERC policy on interstate oil and gas pipeline return on equity (ROE) follows a similar policy concerning utility lines but allows for the differences between the two industries.
Kinder Morgan Says 7th Elba Island Unit Ready
Kinder Morgan has asked regulators to approve the 7th liquefaction train at its Elba Island LNG export facility in Georgia.
Nigeria Will Boost Compliance with OPEC+ Cuts — SPA
In a call with Suadi Arabia's oil minister, his Nigerian counterpart confirmed that his country would comply 100% with the agreed-upon OPEC+ production cuts and will compensate for their overproduction in May and June.
FERC Approval Gives Alaska LNG 10 Years to Start Operations
Federal authorization for the Alaska liquefied natural gas (LNG) project sets a 10-year deadline to start operating the gas pipeline and liquefaction plant, twice as much time as regulators have generally allowed for other U.S. LNG export terminal developers to build multibillion-dollar facilities.
U.S. Natural Gas Output Rises After Mountaineer Express Pipeline Returns
U.S. natural gas production rose over the weekend after TC Energy Corp’s Mountaineer Xpress pipeline in West Virginia returned to service following unplanned work, according to the company and data from Refinitiv.
Oil Rises as International Energy Agency Boosts Demand Forecast
The International Energy Agency increased its outlook for 2020 fuel demand causing oil prices to rise on Friday but rising coronavirus cases in the U.S. tempered expectations for a quick recovery.
Energy Industry Veterans to Launch Hydrogen Investment Fund
As more governments are looking to hydrogen to fill in clean energy gaps, two energy industry veterans are planning to launch an investment fund focused on advancing use of the fuel.
U.S. Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown
A federal court judge has rejected the latest request from Dakota Access to stay a shutdown order issued for the 570,000-bpd oil pipeline, allowing the company to appeal to a higher court.
Cyprus to Get First Natural Gas Import Terminal
Cyprus officially began work Thursday on the country's first-ever natural gas import terminal.
- 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
