Business & Markets
Citgo Secures U.S. Government's Maritime Waiver Amid Fuel Crunch
The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.
U.S. Capital Running Out of Gas, Even as Colonial Pipeline Recovers
The U.S. capital was running out of gasoline on Friday even as the top U.S. fuel pipeline ramped up deliveries following a cyberattack and Washington officials assured motorists that supplies would return to normal soon.
Pieridae Moves Closer to June Decision on Nova Scotia LNG Export Plant
Canadian energy company Pieridae Energy Ltd said on Thursday it still expects to make a final investment decision by June 30 on its proposed Goldboro LNG export plant in Nova Scotia.
Colonial Pipeline Recovering; Paid Almost $5 Million Ransom
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states.
U.S. Denies Dakota Access Oil Pipeline Stay Request
U.S. Court of Appeals for the District of Columbia Circuit on Thursday denied a request from operators of the Dakota Access oil pipeline for a stay, while they seek a Supreme Court review in the company's battle to keep the line open.
U.S. Waives Shipping Restrictions to Ease Fuel Crunch After Pipeline Hack
The U.S. government relaxed a long-standing maritime law protecting domestic shipping commerce to allow an undisclosed company to transport gasoline and diesel to ports in the East Coast after a cyberattack crippled the nation's largest fuel pipeline network.
Analysis: Cyberattack Exposes Lack of Required Defenses on U.S. Pipelines
The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses.
Pipeline Operator Energy Transfer Mulls Chemicals Acquisition
Energy Transfer is weighing acquisitions in the booming chemicals business, co-founder and executive chairman Kelcy Warren said on Wednesday at a conference in North Dakota, where he also expressed confidence DAPL will continue to operate.
Panicked Drivers in Southeast U.S. Swarm Pumps, Ignore Pleas to Stop Hoarding
Drivers in the U.S. Southeast formed lines on Wednesday to fill up tanks from the dwindling number of retail gas stations with fuel to sell, disregarding government pleas for people not to hoard supplies as the shutdown of the main regional fuel pipeline entered its sixth day.
Occidental Petroleum Says Federal Leasing Ban Would Hurt U.S. Oil Growth
U.S. oil and gas producer Occidental Petroleum Corp said federal drilling permits are moving forward in the Permian Basin shale field following a federal pause this year, but a longer-term ban could hurt U.S. oil output.
Fuel Shortages Worsen on Sixth Day of Top U.S. Fuel Pipeline Outage
Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of supply in some cities.
U.S. Energy Secretary: No Need to Hoard Fuel After Pipeline Outage
U.S. Energy Secretary Jennifer Granholm said on Tuesday there are no gasoline shortages in the wake of the Colonial Pipeline shutdown and that consumers should report any instances of price gouging of motor fuel.
Suncor to Develop Hydrogen Project in Alberta Amid Renewables Push
Suncor Energy will develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions and tackle climate change.
U.S. Fuel Supplies Tighten as Pipeline Outage Enters Fifth Day
Supplies of gasoline tightened further in parts of the United States on Tuesday as the shutdown of the nation’s biggest fuel pipeline by hackers entered its fifth day, raising concern about price spikes at the pumps ahead of the summer driving season.
Venezuela Needs $58 Billion to Restore Crude Output to 1998 Levels
PDVSA estimated that $7.65 billion is needed for reviving pipelines, projects for gas injection to oilfields, terminals and refineries that are idled or underperforming due to lack of maintenance.
U.S. Pump Prices Head for Highest Since 2014 as Hacked Fuel Pipeline Shut
U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disruption caused by a cyber attack on the country's biggest fuel pipeline system.
Sapphire Gas Solutions Enters Renewable Natural Gas Market
Sapphire Gas Solutions, a Conroe-based LNG and CNG solutions service company, was recently awarded the transportation and logistics contracts for seven farm-based renewable natural gas operations in central California.
US Consumption to Continue Decreasing
EIA forecasts a decreased total U.S. natural gas consumption in 2021 and 2022, following a decline in 2020. Consumption in 2020 was 1.9 Bcf/d lower than the all-time high of 85.1 Bcf/d set in 2019.
Annual US Natural Gas Production Decreased by 1% in 2020
U.S. natural gas production – as measured by gross withdrawals – averaged 111.2 Bcf/d (3.15 Bcm/d) in 2020, down 900 MMcf/d (25 MMcm/d) from 2019 as result of a decline in drilling activity related to low natural gas and oil prices in 2020.
Traders Book Tankers in Europe to Ship Gasoline Across Atlantic after Colonial Shutdown
Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.
Australia Commits $45 Million to Boost Gas Supply
The Australian government said it will commit A$58.6 million ($45.3 million) to boost gas supply, storage and pipeline capacity in its 2021-22 budget, due to be unveiled on Tuesday.
Hackers Say They're Seeking Cash as Top US Fuel Pipeline Down for 4th Day
A group of cybercriminals allegedly responsible for the ransomware attack that shut the largest fuel pipeline in the United States said on Monday it only wants to make money, not disrupt society, as Washington scrambled to help restore the network.
EXPLAINER: Colonial Pipeline Shutdown Could Raise U.S. Pump Prices
The largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyber attack, prompting worries about a spike in gasoline and diesel prices ahead of the peak summer driving season if the outage does not end soon.
Energy Transfer Expects $2.4 Billion Boost from Winter Storm
Energy Transfer LP expects to gain roughly $2.4 billion from Winter Storm Uri, which knocked out power and halted the distribution of natural gas in Texas to homes and businesses, company executives said.
Enbridge to Keep Great Lakes Pipeline Running, Defy Looming Michigan Shutdown Order
Canada's Enbridge Inc will continue to operate its Line 5 despite an order from the U.S. state of Michigan to shut down the crude oil pipeline next week, Chief Executive Al Monaco said.
TC Energy Posts C$1 Billion Quarterly Loss on Keystone XL Suspension
Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project.
EQT Announces $2.9 Billion Acquisition of Alta Resources' Upstream, Midstream Subsidiaries
EQT Corporation announced Thursday it entered into a purchase agreement with Alta Resources Development for EQT to acquire all of the membership interests in Alta's upstream and midstream subsidiaries for about $2.925 billion.
Enhancing Safety with Integrated Rupture Disk Assemblies
For decades, rupture disks have served the oil and gas industry as an effective, passive safety mechanism to protect against overpressure or potentially damaging vacuum conditions.
Results Show Billions in Profit from Texas Freeze for Gas and Power Sellers
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports.
Brazil's Petrobras Reopens Bidding for Golfinho Oilfields
Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster following a rise in crude prices over the last several months.

- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports