Business & Markets
U.S. Will Become Net Importer of Petroleum Products by End of 2020 — EIA
The U.S. EIA predicts the country will become a net importer of oil and gas products by the third quarter of 2020.
Sonatrach Fills Algerian GR7 Gas Pipeline
Algerian oil and gas company SONATRACH has successfully filled its GR7 gas pipeline.
Keystone XL Construction Begins at U.S.-Canada Border
TC Energy said construction has begun on the Keystone XL crude oil pipeline at the U.S.-Canada border.
INEOS to Postpone Forties Pipeline System Shutdown
UK pipeline operator INEOS is delaying the planned shutdown of it's Forties Pipeline System.
Energy Recommendations for Michigan's Upper Peninsula Readied for Governor
After months of speculation Michigan’s Department of Environment, Great Lakes and Energy posted the Task Force’s Draft Recommendations for Line 5, the 30-inch, light crude and natural gas liquids pipeline owned by Enbridge.
North Dakota Regulators Approve ONEOK Pipeline
State regulators in North Dakota have approved a proposed pipeline expansion project from ONEOK.
Enbridge Running Mainline with Unused Space as Canada Cuts Oil Output
Enbridge is running its Mainline system with unused space as producers begin to cut output, according to an executive with the company.
Qatar Petroleum Maintains Scope of LNG Expansion, Postpones Production — CEO
The CEO of Qatar Petroleum said that while the company intends to delay the start of production of its LNG facility, there are no plans to reduce the scope of the expansion project.
Phillips 66 Offers Storage on Gray Oak Pipeline
Phillips 66 will offer on system storage for shippers on its Gray Oak pipeline system.
Putin Suggests Sizable Oil Production Cut as Prices Fall
The President of Russia has said he would be willing to cut oil production in cooperation with the U.S. and OPEC+.
Texas Might Curb Oil Output Under Broader OPEC+ Deal — Regulator
A Texas oil regulator said that America's largest producing state would consider cutting production if Saudia Arabia and Russia reached a curtailment deal.
President Trump Says Saudi Arabia, Russia Ready to Cut 15 Million Bpd
President Trump said that Saudi Arabia and Russia might be ready to cut their oil production by as much as 15 million bpd.
Kazakh Oil Producers Seek New Pipeline Route
Oil producers in Kazakhstan are looking for a new pipeline route to Baltic and Black sea export facilities.
Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge
Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.
U.S. to Lease Strategic Reserve Space After Buying Plan Canceled — Sources
The Trump administration is considering leasing storage space in the Strategic Petroleum Reserve after plans to purchase oil collapsed.
Cheniere Applies to Begin Service on Midship Pipeline
Cheniere has applied to the U.S. FERC to begin service on its Midship natural gas pipeline.
U.S. Oil Output Set to Plunge as Storage Fills
Ultra-low oil prices and full storage tanks and pipelines will force an unprecedentedly fast decline in U.S. output this year as producers are forced to choke or shut old wells and cut back new drilling, writes market analyst John Kemp.
AGA Chair Diane Leopold Brings Positive Outlook to Challenging Period for Industry
Diane Leopold became chair of the American Gas Association just in time for an unprecedented economic shutdown in response to the coronavirus pandemic. The executive vice president and co-chief operating officer of Dominion Energy, talked to P&GJ about the challenges and opportunities facing the natural gas industry.
Coronavirus Crisis 'Game Changer' for Oil Sector: Goldman Sachs
Analysts from Goldman Sacha say the oil sector will emerge from the coronavirus pandemic leaner and stronger but the crisis still poses a risk for shortages down the line.
Poland's PGNiG Wins $1.5 Billion in Court Battle with Gazprom
Polish gas distributor PGNiG has won a $1.5 billion settlement with Russia's Gazprom.
Iran: 'Terrorist' Attack on Gas Pipeline Halts Exports to Turkey
Iran said on Tuesday its natural gas exports to Turkey have stopped after an attack on a pipeline inside the neighboring country
U.S., Russia Agree to Oil Market Talks
Russian and U.S. leaders have agreed to meet to discuss the collapsing global oil market.
Saudi Arabia Plans to Boost Oil Exports to 10.6 Million Bpd from May
Saudi Arabia is planning to increase its oil exports to 10.6 million bpd beginning in May.
U.S. LNG Storage to Hit Record as Pandemic Cuts Demand, Exports
Stockpiles of natural gas in the U.S. are expected to reach record levels this year as producers continue to flood the market with supply as demand plunges in the wake of the coronavirus pandemic.
Gazprom Workers Leave Hospital After Negative Coronavirus Tests
Twenty Gazprom workers, who were airlifted to a hospital following a coronavirus scare last week, have been discharged after the tests came back negative, a Gazprom spokesman said on Monday.
Saudi Arabia Says no Talks with Moscow on New Oil Deal
Saudia Arabia said it is not in talks with Russia to develop a new deal on oil production to stabilize erratic oil prices driven by uncertainty from the coronavirus pandemic.
LNG Suppliers Flood Market with Excess Spot Cargoes as Demand Shrinks
Major LNG suppliers around the world are flooding the market with spot cargoes driving prices down even further as demand dries up due to the coronavirus pandemic.
Indian LNG Importers Issue Force Majeure — Sources
Several Indian LNG importers have issued force majeure notices after the country has shut down to help prevent the spread of the coronavirus.
PetroChina to Seek Price Talks with Gas Suppliers as Coronavirus Hits Demand
PetroChina is looking to renegotiate gas prices with several global suppliers, as well as a transfer of pipeline assets, amid plunging gas demand due to the coronavirus pandemic.
Coronavirus Choppers Evacuate Offshore Workers
Offshore aviation company Bristow Group said it has deployed specially-equipped helicopters from its Search and Rescue (SAR) fleet to transport offshore workers with suspected cases of the novel coronavirus in the North Sea and Americas regions.
- 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
