Business & Markets
India to Simplify Gas Pipeline Tariff to Boost Demand
India's oil minister announced the country is planning to simplify its gas pipeline tariff structure in order to attract further investment into the nation's gas infrastructure.
Align Midstream Partners Completes TOPS Pipeline
Align Midstream Partners has announced the completion of its TOPS Pipeline and the formation of a joint venture in the pipeline with Sabine Oil & Gas.
Alaska Officials Approve BP's Sale of Pipeline, Oil Leases to Hilcorp
Alaskan energy officials on Monday approved the sale of BP's pipeline and oil and gas assets to Hilcorp Energy as part of a previously announced multi-billion dollar deal.
Chesapeake Asks to Cancel Pipeline Contracts Amid Bankruptcy Filing
Chesapeake Energy is looking to cancel more than $300 million worth of pipeline contracts as part of its Chapter 11 bankruptcy proceedings.
Black Bear Transmission Announces Purchase of Gas Pipeline Assets
Black Bear Transmission has announced the purchase of natural gas pipeline assets from Third Coast Midstream.
Chesapeake Energy Bankruptcy Delivers Hit to Reeling Pipeline, Service Firms
A bankruptcy filing by Chesapeake Energy will deliver a hard blow to pipeline and service companies already struggling from the collapse in energy demand brought on by the coronavirus pandemic.
Tumbleweed Midstream Announces New Gathering and Processing Agreements
Tumbleweed Midstream announced it has executed three new long-term gathering and processing agreements for its Ladder Creek Helium Plant in eastern Colorado.
Sasol to Sell Stakes in Mozambique Pipeline, Power Plant — Sources
According to two sources, Sasol is looking to sell its stakes in a Mozambique pipeline as well as a power plant in the country.
Oil Pricing Agencies Platts, Argus Launch New U.S. Crude Benchmarks
The top two oil pricing agencies announced on Thursday they will start new pricing benchmarks reflecting the price of Gulf Coast crude on oil tankers loaded on tankers for export.
Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal
A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.
Poland Signs Deals to Expand LNG Terminal
Poland has signed nearly $500 million in contracts to expand the country's LNG import terminal on the Baltic Sea in order to help the country diversify away from a reliance on supplies from Russia.
U.S. Gas Deliveries for LNG Export Fall by More than Half
Daily natural gas deliveries to U.S. facilities that produce LNG for export were a record 9.8 Bcf/d in late March 2020, but deliveries fell to less than 4 Bcf/d in June.
Easton Energy Adds Crude, NGL Storage Rights at Texas Facility
U.S. pipeline and storage operator Easton Energy is planning to expand its natural gas liquids and olefins storage at existing salt caverns along the Texas Gulf Coast and add crude storage capability.
Hungary, Gazprom Agree to Long-Term Gas Supply Deal
Hungary and Russian gas giant Gazprom have agreed to a flexible, 15-year gas supply deal that gives the central European country the ability to renegotiate or cancel the deal if alternative supply methods become available.
ADNOC Signs $10 Billion Gas Pipeline Deal
ADNOC has signed a $10 billion investment deal with a consortium of investors for a stake in its natural gas pipeline assets.
Mozambique Government Offers $2.25 Billion Funding Guarantee to LNG Project, Says Report
The Mozambique government has offered a $2.25 billion funding guarantee to partners in the Mozambique LNG project being led by French energy giant Total.
Buyers of U.S. LNG to Cancel 40-45 Cargoes for August Loading: Sources
Industry sources are anticipating buyers of U.S. LNG to cancel between 40-45 cargoes for August loading due to slower economic recovery in Asia and larger than expected stocks in Europe.
Oil Price Structure Sparks Storage Draw Down
Oil’s price structure for Brent and U.S. crude has caused storage to be drawn down, signalling a recovery in global markets and tighter supplies as major producers cut output
China Could Top Japan's LNG Imports in 2020 as Coronavirus Cuts Demand
The unusual market conditions brought on by the coronavirus pandemic may cause LNG imports into China to surpass Japan much sooner than expected, according to an industry analyst.
Canada's Enbridge Says 800 Workers Take Voluntary Buyouts
Enbridge has reported that 800 workers have agreed to take voluntary buyouts as the pipeline operator seeks to cut costs amid the pandemic.
API’s May Data Report Shows Signs of Industry Recovery
New data from the American Petroleum Institue (API) during the month of May shows the U.S. energy market may be headed for a swift recovery.
Williams to Handle Gathering, Production for Taggart
Williams announced a tieback agreement with LLOG Exploration Offshore to provide oil and gas gathering and production services for the Taggart development in the Gulf of Mexico.
U.S. Shale Companies to Boost Oil Output by 500,000 Bpd by July
According to industry analysts, U.S. shale producers are expected to restore roughly 500,000 bpd of crude oil production by the end of the month.
Russia's Gazprom Seeks to Retroactively Raise Price of Gas Sold to Poland
Russia's Gazprom is looking to retroactively raise the price of natural gas sold to Polish gas company PGNiG since 2017.
Croatia's Floating LNG Terminal to Start Operations in January Fully Booked
Croatia's energy minister said the country's floating LNG terminal will begin operations on Jan. 1 2021 and is fully booked through Q3 2023.
Venture Global Gets U.S. OK to Start Site Prep Work at Plaquemines LNG Plant
Venture Global LNG has received approval from U.S. regulators to begin site prep work at its Plaquemines LNG export facility in Louisiana.
Nord Stream 2 Seeks Updated Permit to Complete Pipeline in Danish Waters
The Nord Stream 2 pipeline has applied for a new permit from Danish authorities in order to complete the remaining 75 miles of subsea pipeline in Danish waters.
Austria's Verbund Bids for OMV's Stake in Gas Pipeline Operator
Austrian utility Verbund has made a binding offer for OMV’s 51% stake in gas pipeline operator Gas Connect Austria, it said on Monday.
India Steps up Bet on Gas With First Gas Trading Exchange
India on Monday launched its first natural gas trading exchange, as it continues efforts to reduce greenhouse gas emissions by expanding the share of gas in its energy mix.
Glenfarne Group Announces Acquisition of Magnolia LNG
Glenfarme LLC announced it has purchased Magnolia LNG, an export terminal development project in Louisiana.
- 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
