Business & Markets
EIB to Finance Bulgaria-Greece Gas Link
The European Investment Bank agreed on Thursday to finance the construction of a 182-km gas pipeline linking Bulgaria with Greece that will end Sofia's complete dependence on Russian gas and help diversify supplies in southeastern Europe.
Ukraine Wants Long-Term Gas Transit Deal With Russia
Ukraine wants a long-term gas transit contract with Russia based on European standards, the prime minister said on Wednesday, adding Kiev would not agree to a short-term deal that Moscow seeks.
Weldbend, Boltex Win Lawsuit Against Ulma Forja
A jury returned a verdict in favor of Weldbend and Boltex on all counts in a lawsuit by the American carbon steel flange manufacturers against a Spanish company, Ulma Forja – part of the Mondragon Corp. – and its U.S. subsidiary, Ulma Piping.
Senex Flows First Gas With Completion of Jemena's Atlas Pipeline
Senex Energy announced that first gas production has been achieved at Project Atlas following completion of Jemena's Atlas Gas Pipeline in Queensland, Australia.
Profit, Not Politics: Trump Allies Sought Ukraine Gas Deal
As Rudy Giuliani pushed Ukrainian officials to investigate Donald Trump's political rival, others with ties to the president wanted to install new management at Ukraine's state gas company and steer contracts to companies controlled by Trump allies, AP reports.
Exxon to Make $500 Million Initial Investment in Mozambique LNG Project
Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.
Swedish Teen Climate Activist Touring Dakotas Reservations
A 16-year-old climate activist who garnered international attention when she scolded world leaders at the United Nations is visiting American Indian reservations in the Dakotas to talk about oil pipelines.
Brazil's Mystery Oil Spills May Have Criminal Source: President
Brazilian President Jair Bolsonaro said on Tuesday the oil spills that have been contaminating the northeastern coast since the beginning of September appeared to involve crimes.
EIA Expects Natural Gas Output, Demand Rising to Record Highs in 2019
U.S. dry natural gas production will rise to an all-time high of 91.63 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd last year, the Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.
Tallgrass Announces Open Season for Pony Express Pipeline
Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), have announced a binding open season soliciting shipper commitments for crude oil transportation for near-term expansion on the Pony Express system from origin points in Wyoming to the McPherson refinery destination in Kansas.
Subsea 7 Awarded Shell Offshore Infrastructure Contract Near Aberdeen, UK
Subsea 7 has announced the award of a sizeable contract by Shell for the Pierce depressurization project, located approximately 160 miles offshore, east of Aberdeen.
Gazprom: Nord Stream 2 Cost Would Rise by 'Hundreds of Millions' to Bypass Denmark
An alternative route bypassing Danish waters for the construction of the undersea Nord Stream 2 gas pipeline would cost “hundreds of millions of dollars,” the chairman of Russian gas company Gazprom told Reuters.
Kinder Morgan Announces Commercial in Service of First Unit at Elba Island Liquefaction Facility
The Elba Liquefaction Company, L.L.C. (ELC), a joint venture between Kinder Morgan and EIG Global Energy Partners (EIG), has announced the commercial in service of the first of ten liquefaction units of the approximately $2 billion Elba Liquefaction project.
FERC Approves Start of Elba Island LNG Production for Kinder Morgan
U.S. regulators approved Kinder Morgan’s request to start production of liquefied natural gas at the first plant of its new export facility, a year after it had been originally due to begin operations, filings showed this week.
Bulgartransgaz to Seek 150 Million Euro Loan to Finance Gas Pipeline
Bulgarian state gas firm Bulgartransgaz is seeking a short-term loan of 150 million euros ($164.36 million) to help finance advance payments for the Bulgarian extension of the TurkStream gas pipeline project, it said on Thursday.
Israel to Increase Gas Exports to Egypt via EMED Pipeline
Israel is significantly increasing the amount of natural gas it plans to export via the Eastern Mediterranean (EastMED) Pipeline to Egypt under a landmark deal, Israeli energy companies said on Wednesday.
Putin Urges Denmark to Ignore U.S. Pressure Over Nord Stream 2
Russian President Vladimir Putin urged Denmark on Wednesday to ignore U.S. pressure and "show it has sovereignty" by allowing the Nord Stream 2 gas pipeline to go through its territory.
Minnesota Regulators Restart Line 3 Pipeline Review Process
State utility regulators on Tuesday unfroze the approval process for Enbridge Energy's plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, directing a state agency to fix the deficiencies identified by a court in the project's environmental review.
Iran Building Oil Pipeline to Terminal Outside Gulf
Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.
Tallgrass Energy Announces Open Season on Pony Express Crude Oil Pipeline
Tallgrass Energy has announced a binding open season soliciting shipper commitments for crude oil transportation on its Pony Express Pipeline.
EIA Reports U.S. Oil Output Slides Again in July
U.S. crude oil output fell 276,000 barrels per day (bpd) in July to 11.81 million bpd, its third monthly decline from its record high in April at 12.12 million bpd, according to a U.S. Energy Information Administration monthly report released on Monday.
Occidental Completes Mozambique LNG Sale, Other Key Divestments
Occidental Petroleum Corporation (Oxy) has announced completion of the sale of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project to French major Total for $3.9 billion, the company said on Monday, along with the completion of other key divestment objectives following the recent close of its acquisition of Anadarko Petroleum in August.
Canada Regulator Stops Enbridge Mainline Contract Plan
The Canada Energy Regulator on Friday stopped Enbridge Inc from auctioning the right to send crude oil through its Mainline pipeline system due to the “perception of abuse of Enbridge’s market power.”
Australia's LNG Ltd Receives Preliminary FERC Approval to Expand Proposed LNG Project
Australia’s Liquefied Natural Gas Ltd said on Monday it has received preliminary approval to increase output at its proposed U.S. LNG plant to 8.8 million tons per annum (mtpa) from the currently authorized 8 mtpa.
Centrica Starts Buying Cheniere LNG Under 20-year Contract
Centrica has begun buying liquefied natural gas (LNG) from U.S. producer Cheniere under a long-term contract, the UK utility said in a statement on Monday.
IEA May Cut Its Oil Demand Growth Estimates if Global Economy Weakens
The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Friday.
Canadian Company Ships Solid Oil Sands Bitumen to Chinese Refinery
A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export more oil sands crude.
Russia's Novatek Sees Enough Gas for Third Big LNG Plant
Russia's top private gas producer Novatek expects newly acquired licenses will give it enough resources for a third liquefied natural gas (LNG) plant in its super-cooled gas cluster, CEO Leonid Mikhelson said.
Iran Checks Cyber Security at Key Energy Sites
Iran has launched an inspection of security at its key Gulf oil and gas facilities, including preparedness for cyber attacks, the Oil Ministry news agency SHANA said, following media reports of Washington weighing possible cyber attacks on Tehran.
LNG Investments Hit Record $50 Billion in 2019
Record investments of $50 billion have turned 2019 into a banner year for LNG, with Canada and the United States being the main drivers, the chief of the International Energy Agency (IEA) said.
- 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
