Business & Markets
Siemens, Total Partner to Develop Concepts for Low-Emissions LNG Production
Siemens and Total are partnering to develop new ideas for low-emission LNG production.
Shell Launches Sale of Stakes in Norwegian Fields, Pipelines — Document
According to a sales document seen by Reuters, Royal Dutch Shell is selling its stakes in two Norwegian oil fields and associated pipelines.
LNG Recovery in Asia Depends on China, India Policies
The International Energy Agency (IEA) forecasts a gradual recovery in global natural gas demand in 2021-22, but the extent of that rebound depends on how committed China and India remain to their transitions from coal.
24% of U.S. Gulf of Mexico Production Shut After Storm
More than 400,000 bpd of U.S. Gulf of Mexico crude oil production remained shut on Wednesday after Tropical Storm Cristobal, the U.S. Bureau of Safety and Environmental Enforcement said.
Ukraine’s Big Bet: Upgrading, Expanding Gas Transmission Networks
The World Bank will spend $250 million to improve the efficiency of Ukraine’s Gas Transmission System Operator (GTSO). One key goal of this ambitious project is “to strengthen its technical and institutional capacity.”
Pipelines Critical to Equatorial Guinea’s Ambitious Gas Plan
By Shem Oirere, Energy Writer The coronavirus (COVID-19) outbreak is expected to have far-reaching implications on Africa’s oil and gas projects, many of them that had already been billed as next drivers of growth for the region’s hydrocarbons pipeline sector. ..
How Pipelines Are Solving Texas’ Flaring Problem
To curb the amount of flaring in the Permian basin and to relieve congestion requires significantly more gas offtake pipeline capacity. Fortunately for both the environment and production companies, the Gulf Coast Express has just come online, and the Permian Highway Pipeline and the Whistler Pipeline are underway, possibly to be joined by the Permian Pass Pipeline in the future.
Post-Kingfisher Guidelines for Gathering, Transportation Agreements
The recent Kingfisher case provides guidelines that midstream companies should address when evaluating their existing contracts or entering into new ones.
COVID-19 Mitigation Results in Lowest US Petroleum Consumption in Decades
U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and the general economic slowdown induced by mitigation efforts for coronavirus (COVID-19).
Enterprise Working to Address U.S. Regulatory Delays on Offshore Crude Terminal
Enterprise Products Partners is working to address additional requests from U.S. officials concerning its major offshore crude terminal project being developed off the country's Gulf Coast.
U.S. Oil for Belarus Reaches Europe as Country Seeks to Reduce Reliance on Russia
The first shipment of U.S. oil bound for Belarus reached Europe late on Friday as the Eastern European country looks to reduce its reliance on neighboring Russia.
Libya's Sharara Oilfield Declares Force Majeure After New Shutdown
Days after Libya's Sharara oilfield had resumed production, armed militants forced production to halt again causing the country's National Oil Corporation (NOC) to declare force majeure.
Oil Climbs After OPEC+ Extends Output Cuts to End-July
Oil prices rose to their highest levels in months early Monday as OPEC+ announced a deal to extend production cuts, but lost steam as some producers said they won't maintain additional reductions.
BP to Cut 15% of Workforce
The head of oil major BP has announced that due to coronavirus pandemic, the company will cut approximately 15% of its workforce, most of which will be cut by the end of the year.
Libyan Oil Pipeline, Oilfields Reopen After Months of Blockade
Libya has restarted one of its oil pipelines and production at two of its major oil fields after months of blockade due to the ongoing conflict in the country.
Midstream Making Sense of Ongoing Coronavirus Shockwaves
On Easter Sunday when all of America’s churches were silent, President Trump, who earlier had wished they could be filled with worshipers, was helping broker a final oil production agreement among nearly two dozen producing nations as a way of easing the global glut of crude at a time when the coronavirus (COVID-19) had eliminated millions of barrels of daily demand.
Bulgaria's State Gas Firm Seeks Loans for Pipeline Construction
Bulgaria's state gas firm Bulgartransgaz is seeking up to 400 million euros ($453 million) to finance an extension of the TurkStream gas pipeline and other gas projects.
Kazakh Firm Plans to Spin Off Gas Shipping and Trading Unit
Kazakh state oil and gas firm KazMunayGaz said it plans to spin off its natural gas shipping and trading subsidiary Kaztransgas and will seek creditors' consent for the move.
Illinois Rejects Bid to Delay Decision on Dakota Access Expansion
Regulators in Illinois have unanimously rejected an attempt by environmental groups to delay the expansion of TC Energy's Dakota Access Pipeline due to the coronavirus.
U.S. Senators Propose Tighter Sanctions on Nord Stream 2
Several U.S. senators introduced a bill on Thursday that would expand sanctions on Russia's Nord Stream 2 gas pipeline which Washington says will increase Moscow's influence in Europe.
China Oil Demand Recovery Positive Sign for Industry
China's oil demand has recovered remarkably well in the past few weeks, a move that industry analysts hope will be mirrored as other countries emerge from pandemic lockdowns.
OPEC+ Keen to Slow U.S. Shale Recovery as Oil Prices Rally
As U.S. shale production begins to show signs of recovery, OPEC and its allies are looking to keep prices low in an effort to prevent another market oversupply.
Ecuador Declares Force Majeure After Oil Pipeline Shutdown
Soil erosion which damaged the primary oil pipeline in Ecuador has caused the country to declare force majeure on exploration and production until the pipeline can be repaired.
BP Turns Over Rights to Operate South Caucasus Pipeline
BP has turned over rights to operate the South Caucasus Pipeline (SCP), part of the network that is due to start carrying gas from Azerbaijan to Europe this year, to a unit of Azeri state energy firm SOCAR.
U.S. Shale Producers Begin Restoring Output as Oil Prices Turn Higher
As oil prices begin to recover, U.S. shale producers are beginning to reverse production cuts made earlier in the year as demand plunged due to the coronavirus pandemic even as other major oil-producing countries consider extending production cuts.
Greece Shortlists Six Investors in Gas Distribution Network Sale
Greece has narrowed down the list of investors being considered in a sale of its gas distribution network to six potential buyers.
Golden Pass Seeks to Boost Capacity at Texas LNG Plant
Golden Pass LNG has requested permission from FERC to increase the capacity of its $10 billion LNG plant in Texas from 15.6 MTPA to over 18 MTPA .
Ecopetrol Extends Subsidies, Increases Pipeline Financing Assistance
Columbia's state-run oil company Ecopetrol announced on Friday that it is extending tariff subsidies and financing programs for oil shippers in South American country to help ease the burden of falling oil prices due to the pandemic.
Algeria's Sonatrach Becomes Majority Shareholder in Medgaz Pipeline
Algeria's Sonatrach has acquired an additional 19.10% stake in the Medgaz Pipeline making it the largest shareholder in the offshore natural gas pipeline.
Pipeline Operator Energy Transfer Warns of Coming Job Cuts
Dallas-based pipeline operator Energy Transfer will begin cutting about 6% of its workforce next week, as the impact of weak oil and gas prices continued to spread through the energy industry.
- 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
