Business & Markets
China to Resume U.S. LPG Imports as Beijing Waives Trade-War Tariff — Sources
China has once again begun buying U.S. LPG as the government waived tariffs as part of the U.S.-China trade deal.
Sempra Energy to Continue with Costa Azul LNG Project
Sempra Energy is planning to continue with its plans to build the first phase of its Costa Azul LNG Export Project in Mexico even as the coronavirus pandemic suppresses worldwide energy demands.
Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts
Phillips 66 said the Red Oak Pipeline, Sweeny Frac 4 and Liberty Pipeline projects have all been deferred by cost-cutting efforts. A final investment decision on ACE Pipeline also was postponed.
UAE's SNOC Gas Project Startup Delayed
UAE's SNOC has announced that it's Mahani gas project startup is being delayed by 2 months due to the coronavirus pandemic.
Pipeline Shares Sink on Oil Decline, Coronavirus Impact
It’s a common refrain among investors that “a rising tide lifts all boats,” meaning the share prices of similar companies tend to act in unison. Unfortunately, that’s equally true of falling tides, as demonstrated by the performance of North American midstream equities in recent weeks.
Greece Receives 9 Bids for Stake in Gas Supplier
Greece has received nine non-binding bids for the sale of a 65% stake in DEPA, its dominant gas supplier.
BlackRock Withdraws Bid for ADNOC Gas Pipeline Assets — Sources
Sources report that investment firm BlackRock has dropped out of the bidding for ADNOC's gas pipeline assets.
Trump Says He Will Enter Saudi-Russia Oil Fray at Appropriate Time
President Trump has said he will get involved in the oil price war between Russia and Saudi Arabia at the 'appropriate time.'
Texas Producers, Regulator Ask State, President for Curtailments as Prices Collapse
Texas oil producers are asking for production curtailments in the state to help stabilize plummeting oil prices.
Italy's Snam Takes Steps to Guarantee Gas Flows During Coronavirus Outbreak
Italian gas grid operator Snam has put in place emergency measures to ensure it can keep gas flowing during the coronavirus outbreak.
Coronavirus, Oil Price War Put Canada's Crude Sector 'On Life Support'
Canada's already struggling oil industry is now 'on life support' facing a plunge in oil prices as the global coronavirus pandemic sparked a price war with Saudia Arabia and Russia.
Superior Pipeline Secures Large Stack Play Acreage Dedication
Superior Pipeline has entered into a long-term gas gathering and processing agreement with a producer in the STACK play.
Shell, INOX India Sign MoU for LNG Distribution
Shell has signed a Memorandum of Understanding with India's INOX to deliver LNG to customers not connected to distribution pipelines.
U.S. to Buy 30 Million Barrels of Oil to Help Fill Strategic Reserve
President Trump has directed the U.S. Department of Energy to begin purchasing crude oil to fill the country's Strategic Petroleum Reserve.
FERC Approves Pembina Jordan Cove LNG Export Project
U.S. regulators have approved the Jordan Cove LNG export project.
Global Oil Storage May Hit Capacity Within Months — Analysts
Industry analysts are predicting oil storage availability around the globe may reach capacity within months.
U.S. Oil and Gas Industry Sees no Supply Chain Threat from Coronavirus — API
The American Petroleum Institute says the U.S. oil and gas supply chain should not be majorly impacted by the coronavirus pandemic.
Tallgrass Energy Announces Open Season on Pony Express Pipeline Expansion
Tallgrass Energy has announced that due to continued interest in its Carpenter Expansion it is launching a supplemental open season to solicit binding shipper commitments for crude oil transportation from a new origin near Carpenter, Wyo., to Pony Express destinations in Colorado.
ONEOK Suspends Expansion Projects Amid Oil Price Collapse
ONEOK has suspended key expansion projects as the price of oil has continued to drop amid fears of a slowing global economy due to the coronavirus.
TC Energy Signs Letter of Intent to Acquire Pioneer Pipeline
TC Energy announced that its wholly owned subsidiary, NOVA Gas Transmission Ltd., has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million.
Marathon Petroleum Explores $15 billion MPLX Asset Sale — Sources
Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.
Kazakhstan Decreases Gas Supplies to China
Kazakhstan has reduced natural gas supplies to China by 20-25%, Energy Minister Nurlan Nogayev said on Wednesday, after importer PetroChina issued a force majeure notice to suppliers this month.
Oil Price Collapse Sours Midstream Buyout
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing on Monday, according to court filings, a day when oil prices and shares of U.S. oil producers plummeted.
U.S. Gas Jumps Almost 9% With Oil Price Gain, Hopes of Shale Output Cuts
U.S. natural gas futures soared almost 9% on Tuesday, following a 10% increase in oil prices, on hopes of economic stimulus and expectations the oil price collapse will prompt U.S. drillers to cut back on oil and gas production in shale basins.
INGAA Chairman ‘Bullish’ on Natural Gas Pipeline Activity for 2020
Longtime industry veteran Stanley “Stan” G. Chapman, III has been selected by the Board of Directors of INGAA to serve as the organization’s chairman.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.
State Awaits Final EIS after Answering Final Questions from FERC
With an additional 2,000 pages of charts, data, maps and explanations, the state-led Alaska liquid natural gas (LNG) team finished out 2019 by answering the last batch of questions from federal regulators for the project’s final environmental impact statement (EIS).
Russian Production Increase Limited by Export Constraints: Traders
Russia’s ability to quickly lift oil production following the collapse of a global agreement to cut is restrained by bottlenecks in exporting capacity, market sources said and Reuters calculations showed on Tuesday.
U.S. Gas Prices Turn Positive After Falling to Lowest in Decades
U.S. natural gas futures turned positive by midday Monday after earlier dropping to their lowest in over 21 years as they followed a collapse in oil prices.
Alaska LNG Passes Major Permitting Milestone, Hurdles Remain
A U.S. energy regulatory report for Alaska Gasline Development Corp's proposed Alaska liquefied natural gas project found it would provide economic benefits to the state but could cause some significant adverse environmental impacts.
- 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
