Business & Markets
OPEC Talks End Without Word on Expected Cuts
The countries that make up the OPEC oil-producing cartel ended talks late Thursday without an announcement on possible deep cuts to production that would support the price of fuel around the world.
Oil Pipeline Explosion Kills 1 in Lagos
An oil pipeline explosion reportedly killed one person in Nigeria's capital, Lagos.
Saskatchewan's Oil Lures Investors, Producers from Troubled Alberta
Alberta's congested pipelines and production limits are turning oil companies to neighboring Saskatchewan, driving up prices for drilling rights as the region weathers a deep slump.
Libya's El Feel Oilfield Shut Due to Valve Closure
Libya's El Feel oilfield has been shut down due to a valve closure, the head of the National Oil Corporation said on Thursday, in the second stoppage at the southwestern field in consecutive weeks.
Kinder Morgan Expects Slight Profit Increase in 2020
U.S. pipeline operator Kinder Morgan on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend.
Alder Midstream Announces New Initiatives
Alder Midstream (Alder), owned and operated by Glenfarne Group, has announced several new initiatives focused on building, owning and operating midstream assets in the U.S.
Construction Advances on Trans Mountain Pipeline Ahead of Court Hearing
Expansion of Canada's Trans Mountain oil pipeline entered a new phase of construction Tuesday, just two weeks before a court hearing to decide whether the government can complete the project.
Engie Brazil Wants to Buy Remaining Stake in TAG — CEO
Engie Brazil's CEO says the company is looking to buy the government out of its 10% stake in TAG.
Transneft Extends Oil Transit Deal with Ukraine's Ukrtransnafta
Ukrainian pipeline operator Ukrtransnafta said it has agreed to a 10-year oil transit extension with Russia’s Transneft.
Enbridge Starts Service on Canadian Section of Line 3
Enbridge has begun commercial operation of the Canadian section of its Line 3 pipeline, even as it continues to navigate Minnesota regulators for the U.S. portion of the $9 billion replacement project.
U.S. Crude Output Rises to Record 12.5 Million Bpd in September — EIA
U.S. crude oil production in September rose 66,000 bpd to a new record of 12.46 million bpd, up from 12.397 million bpd in August, the U.S. government said in a monthly report on Friday.
State Sponsored Qatari LNG Projects Could Hurt North American Projects
Proposed North American LNG export projects may face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world’s leading LNG exporter.
Billion-Dollar LNG Project in Southern Mozambique Expected in 2020
A final investment decision on a $3.15 billion liquefied natural gas (LNG) project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said on Wednesday.
Hungary Ready to Discuss New Gas Supply Deal with Gazprom — Minister
Hungary is ready to start talks with Russia’s Gazprom about a new long-term gas supply deal, Hungary’s Foreign Ministry said on Monday.
Turkey, Azerbaijan Mark Completion of TANAP Pipeline
Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday, a milestone in a major project to help reduce Europe’s dependence on Russian gas.
Power of Siberia Natural Gas Pipeline Officially Begins Flows
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping officially launched the Power of Siberia pipeline on Monday that will transport natural gas from Siberia to northeast China.
Seaway to Begin Open Season
Seaway Crude Pipeline Company LLC has announced a binding open season for committed service on expansion capacity of its existing system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.
MOL Purchases Stake in ACG Oil Field, BTC Pipeline
MOL Group has agreed to purchase a stake in the ACG oil field in Azerbaijan and a stake in the BTC pipeline for $1.57 billion adding 20,000 bpd to the companies net production.
Egypt Signs $430-million Natural Gas Deal With Noble Energy
Egypt said on Saturday it had signed a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.
National Grid Lifts New York Moratorium, Commits to Pursue Alternate Solutions
National Grid has reached an agreement with the State of New York to immediately resume connecting natural gas service to customers in Brooklyn, Queens and on Long Island for approximately the next two years as the company pursues other long-term solutions to the shortage of natural gas in the region.
Alberta Oil Curtailments to End 'No Later' Than This Time Next Year — Premier
The premier of Alberta, Canada's top oil-producing province, said this he hopes to end government curtailments on oil production by this time next year "at the latest."
FERC Approves Construction of Four LNG Export Projects in Texas
The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved the construction of four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity.
ESPO Pipeline Expansion Nears Completion, Asia-Pacific Counts for a Third of Russian Oil Shipments
Russia is about to complete a fresh expansion of its oil pipelines to the Pacific coast that will cement its role as a top Asian supplier and allow it to ship a third of its total oil exports to Asia-Pacific markets.
NuStar Energy Announces Binding Open Season for Permian System Expansion
NuStar Energy has announced an open season for expansion of its Permian crude pipeline system.
Canadian Competition Bureau Clears Pembina Purchase of Kinder Morgan
Pembina Pipeline Corp has received approval from Canadian authorities to purchase Kinder Morgan Canada.
Thousands of Canadian National Railway Workers Go on Strike
About 3,000 railway workers for Canadian National Railway have gone on strike after the labor union failed to reach a deal with the country's largest railroad operator over employment contracts.
Nigerian Pipeline Shut Due to Sabotage
Nigeria's Nembe Creek oil trunk pipeline has been shut down due to sabotage, a spokesman for the operator Aiteo said on Tuesday.
EIA: U.S. Set Records for Natural Gas Production, Consumption, Exports in 2018
The U.S. Energy Information Administration (EIA) said Monday that its Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.
Uzbekistan May Sell Stakes in State Energy Firms
Uzbekistan may soon sell shares in some its biggest state energy and mining companies, including pipeline operator Uztransgaz, the head of the state asset management body said.
Alternative to Congested Pipelines at Risk as Canada Rail Strike Looms
Canada's Teamsters notified Canadian National Railway of plans to strike Tuesday after a stalemate in contract negotiations, threatening an important shipping alternative to congested pipelines for Alberta's oil producers.
- 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
