Business & Markets
Head of Texas Energy Regulator Opposes State-Mandated Oil Curbs
The head of the Texas energy regulator has stated his opposition to a proposal of state-mandated oil production cuts.
Cheniere Moderates 2020 U.S. LNG Growth Estimates
Due to the coronavirus pandemic, Cheniere Energy, the largest LNG company in the U.S., has cut its growth estimates for LNG exports as well as its investment in new projects.
Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline
Greece's DEPA and Italy's Edison are looking for contractors to build part of the EastMed gas pipeline.
Ecopetrol Unit to Let Colombia Oil Producers Cut Pipeline Costs for Two Months
Ecopetrol subsidiary Cenit is allowing Columbian oil producers to reduce their transit tariffs by 50% for two months in an effort to ease the strain on the industry due to the coronavirus pandemic.
Calcasieu Pass Raises Roof for First LNG Storage Tank
Venture Global LNG said it raised the first LNG storage tank roof at its Calcasieu Pass export facility in Cameron Parish, Louisiana. The milestone was completed on schedule and comes eight months after the project’s final investment decision, it said..
Reporting Higher Q1 Profits, Enterprise Products CEO Puts a Personal Spin on COVID Response
Enterprise Products Partners’ outspoken co-CEO Jim Teague used a conference call with investors Wednesday as an opportunity to comment on the U.S. economic shutdown, reflecting on his personal experiences during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.
Enterprise Products Partners Cuts Capex, Says Oil Pipeline Volumes Steady
Enterprise Products has cut its capital expenditures for 2020 and says volumes on its oil pipelines have not yet declined as oil demand continues to drop around the world.
Poland's PGNiG Receives LNG Delivery from U.S.
Polish gas giant PGNiG received its third LNG delivery from U.S.-based Cheniere on Tuesday as part of the company's long-term plans to reduce reliance on Russia.
Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge
Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.
Continental Resources Halts Bakken Shale Output, Seeks to Cancel Sales
The largest oil producer in North Dakota has halted most of its production and reportedly told some customers it will not supply crude after the latest price crash, but there are doubts whether force majeure applies.
U.S. Natural Gas Futures Rise as Oil Slump Triggers Output Worries
U.S. natural gas futures rose on Monday, after falling nearly 9%, as the industry prepares for associated gas production to fall in line with the decline in oil production.
Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins
As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.
PHMSA Eases Pipeline Regulations, Enforcement in Response to Pandemic
Responding to the impact Covid-19 on midstream staffing and resources, PHMSA has issued two guidance documents to ease some operating requirements, allow discretion in enforcement and provide flexibility to support the critical needs of state and industry partners.
Cheniere Energy Midship Pipeline Approved for Service
The Midship natural gas pipeline, owned and operated by Cheniere Energy, has been approved by the Federal Energy Regulatory Commission to begin service.
Drowning in Crude, U.S. Producers Say Trump Strategic Reserve Plan Won’t Help
American oil producers are not sure how helpful President Trump's plan to fill the U.S. Strategic Petroleum Reserve will be considering the logistical and economic challenges associated with getting the crude to the storage sites.
Pipeliners, Producers Facing Threat of Bankruptcy
Companies across the U.S. energy industry are increasingly facing the threat of bankruptcy as pipeline companies and shale producers all scramble for cash during the greatest demand crunch the industry has ever faced.
Asia, Europe Buyers Cancel Nearly 20 U.S. LNG Cargoes for June Loading - Sources
According to several trading sources, buyers in Europe and Asia have canceled nearly 20 LNG cargoes for loading in the U.S. in June.
U.S. Gas Futures Jump to 9-Week High as Output Slides
Futures prices for U.S. natural gas jumped to their highest level in nine weeks as oil producers shut in wells amid collapsing demand.
Remaining Oil Storage in Cushing, OK is Already Booked — Traders
Oil traders have said the remaining storage space for crude oil in Cushing, Oklahoma, the largest storage site in the U.S., is already completely booked up by producers.
CPC Oil Producers Eye New Transit Routes via Russia’s Transneft
Oil producers in Kazakhstan are seeking to divert flows away from the Caspian Pipeline Consortium (CPC) to systems owned by Russia's Transeft as CPC Blend margins fall.
Texas Regulators Decline Production Cuts for Now
Texas oil and gas regulators declined to cut oil production in the state on Tuesday after prices reached negative territory for the first time in history but will most likely revisit the issue at their next meeting.
Producers Scramble for Storage Space as Oil Glut Grows
Oil producers are scrambling to find storage space for excess barrels, many being forced to pay storage companies to take oil as prices turned negative on Monday for the first time in history due to an unprecedented slump in demand.
New Analysis Showing Need for Rapid Pivot to Gas
International energy consultancy Xodus Group released a new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand.
Subsea UK Partners Team with Non-Profit to Protect Oceans
Subsea UK teamed up with one of the world’s leading non-profit ocean protection organizations to promote and support initiatives to prevent pollution of our oceans.
Oil Price Goes Negative as Demand Collapses
Oil futures plunged below zero for the first time on Monday as demand for energy collapses amid the coronavirus pandemic and traders sought to avoid owning crude with nowhere to store it.
Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources
U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.
Canada’s Court Rulings Brighten Path for Pipeline Expansion
Canada's efforts to add oil and gas pipeline capacity were stalemated by legal challenges over the past decade, but two important court rulings since the start of the year may break the bottleneck.
Chevron Sells Azerbaijan Pipeline Assets
Chevron announced that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields, including interests in two pipelines, to MOL Hungarian Oil and Gas for $1.57 billion.
Oklahoma Judge May Recommend Ruling Oil Production 'Economic Waste'
An Oklahoma Judge will recommend the state's oil and gas regulator approve an emergency order declaring oil production in the state could constitute economic waste, a spokesman for the state's Corporation Commission said.
Pipeline Upgrades to Increase Natural Gas Flows into New England
Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region over the next several years, according to data from the U.S. Energy Information Administration (EIA).
- 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
