Business & Markets
Gas Industry Responds to Climate Change, Readies Transition
In the midst of winter this year, a panel of academics and energy industry experts gathered online with Columbia University’s Center on Global Energy Policy to map out pathways for making and using hydrogen.
West Coast Greets ‘Cleaner’ Pipe Conversion
Between the California towns of Paramount and Carson, about 40 miles south of Los Angeles, a pipeline that once shipped crude oil from the former to the latter is another step closer to transporting hydrogen gas instead.
11 EU Countries Oppose Plan to Prolong Gas Project Funding
Germany, Denmark, the Netherlands and eight other countries will reject a plan to prolong European Union support for cross-border natural gas projects, and instead push for rules to exclude fossil fuels.
Canada's Inter Pipeline Seals $7 Billion Sector Sale to Pembina After Blocking Brookfield
Pembina Pipeline Corp said on Tuesday it would buy rival Inter Pipeline Ltd in an all-stock C$8.3 billion ($6.90 billion) deal to create one of Canada's top oil and gas transportation companies.
Kinder Morgan to Buy Stagecoach Gas Services for $1.23 Billion
Kinder Morgan Inc said on Tuesday it has agreed to buy Stagecoach Gas Services LLC for $1.23 billion as the pipeline operator looks to expand into the northeast U.S. market.
Posco International Reviewing Dividend Payments on Myanmar Gas Project
South Korea's Posco International said it is reviewing dividend payments on a gas project in Myanmar, in a move that could further constrain funding to the military junta, which seized control of the country in a Feb. 1 coup.
Environmentalists Condemn Biden's Backing of Alaska Oil Drilling Project
Climate activists had previously said they were encouraged that upon taking office in January, President Joe Biden signed an order to rejoin the Paris Accord and revoked federal permits for the Keystone XL oil pipeline.
U.S. Drivers to Get Hit by Soaring Pump Prices Over Memorial Day Holiday
U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season, as fuel demand surges alongside coronavirus vaccination rates.
EU Countries Seek to Prolong Bloc's Funding for Gas Projects
European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission's plan to end such funding, according to a draft document.
Tellurian to Sell LNG to Gunvor, Delays Louisiana Project Start
U.S. LNG developer Tellurian Inc said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per annum (MTPA) of LNG.
Ecopetrol Operations Impacted by Colombia’s Protests
Colombia’s Ecopetrol has accumulated high levels of inventories in wholesale plants and the pipelines network due to protests that “have resulted in blockades of the country's main roads and isolated incidents against certain of the Ecopetrol Group's infrastructure."
Cabot Oil & Gas, Cimarex to Create $17 Billion Firm in 'Surprise' Merger
Cabot Oil & Gas Corp and Cimarex Energy Co agreed a merger on Monday to form a U.S.-wide oil and gas firm with an enterprise value of some $17 billion, a deal analysts termed surprising in a sector recently focused on "pure-play" models.
U.S. Energy Development Completes Midstream Infrastructure Project in Eagle Ford Shale
U.S. Energy Development Corporation announced the completion of a $607,000 pipeline project involving the LLM South B, LLM South C, LLM North A, Sola Vaca Norte A (SVNA), Hideaway Ranch A and Hideaway Ranch E midstream infrastructure development projects in the Eagle Ford Shale.
Value of Kenya’s Lamu Port Remains an Open Question
In its early ambition, the Lamu port figured as connecting the landlocked East African economies to global trade routes. More specifically, it was envisioned as an alternative outlet for South Sudan’s oil, which is currently pumped via the Greater Nile Oil Pipeline to Port Sudan.
Medallion Pipeline Launches Open Season for Capacity on EPIC Pipeline
Medallion Pipeline Company announced today that it has launched a non-binding open season for its capacity that is leased on EPIC Crude Pipeline, LP’s crude oil pipeline system.
Taproot Expanding Midstream Infrastructure in DJ Basin
Taproot Rockies Midstream has been awarded an acreage dedication for crude gathering by Confluence Resources for its Platte River position. The in-service date for the pipeline is expected to be July 1.
Russian Vessel Moves to German Waters for Nord Stream 2 Pipeline Construction
Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany's Waterway and Shipping Authority.
H2Tech Solutions Virtual Conference Attracts Thousands
More than 2,000 people worldwide registered to hear more than 40 experts on fuel, chemical, and industrial applications for hydrogen speak at the first H2Tech Solutions, a virtual conference held by Gulf Energy Information’s H2Tech.
National Grid Studying UK Hydrogen Pipeline Network Potential
National Grid is exploring the potential of a 2,000-km (1,243-mi) hydrogen pipeline network across the UK. Reaching a goal of getting hydrogen power to consumers by 2030 will take “huge amounts of planning and work.”
U.S. District Court Orders Dakota Access Oil Pipeline Can Remain Open
The 570,000-bpd pipeline out of North Dakota that travels under a Missouri River reservoir is likely to stay running at least until an environmental review of the line is completed next year.
Enbridge, Fluxys, EIG Bid for Brazil's Top NatGas Import Pipeline
A consortium of Canada's Enbridge, Belgium's Fluxys and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil's largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week.
Oil Drillers and Bitcoin Miners Bond Over Natural Gas
On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity.
Shell Exits Philippine Gas Field in $460 Million Deal
Aside from gas reserves, Malampaya's assets include undersea pipelines and other facilities that could be tapped by future sellers and users of imported LNG.
France’s Total Signs 5-year LNG Supply Agreement with ArcelorMittal Nippon Steel
Total and ArcelorMittal Nippon Steel1 (AMNS) have signed an agreement for the supply of up to 500,000 tons of LNG per year until 2026.
Iran Starts Pumping Oil into Goreh-Jask Pipeline
The National Iranian Oil Company (NIOC) will soon begin transferring oil through the Goreh-Jask pipeline, which runs from the Goreh oil terminal in the Bushehr Province to Jask oil terminal along the Gulf of Oman.
Italy's Snam in World First with Test of 30% Gas-Hydrogen Blend in Steel Forging
Gas transport group Snam said on Wednesday a 30% blend of natural gas and hydrogen had been used for the first time to power furnaces at a steelmaker in northern Italy.
For LNG Developers, Another Year of Canceled Projects
This week's decision by Australia's Woodside Petroleum Ltd to pull out of a big Canadian LNG project was the latest blow to a sector that has been heralded for its growth prospects worldwide.
Shell in Talks with Nigeria to Divest Onshore Oil Stakes
Shell, the operator of the West African country's onshore oil and gas joint venture SPDC, has struggled for years with spills in the Niger Delta as a result of pipeline theft and sabotage as well as operational issues.
Bloom Energy, Idaho National Laboratory to Use Nuclear Energy to Generate Hydrogen
Bloom Energy’s electrolyzer converts water (or steam) into hydrogen and oxygen. The hydrogen can then be injected into the natural gas pipeline, stored and used for power generation with a fuel cell at a later time, dispensed to fuel cell vehicles, or used by industrial processes that consume large amounts of hydrogen.
Greenlane Renewables Signs $9.8 Million Landfill Gas-to-RNG Contract
The contract is for a large landfill gas-to-RNG project. Greenlane will supply its two-stage PSA system to upgrade the landfill gas to pipeline-specification RNG for direct injection into the local natural gas grid.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- US Poised to Become Net Exporter of Crude Oil in 2023
