Business & Markets
Kazakhstan, Russia Agree to Contaminated Oil Compensation — Kazakh Minister
Kazakhstan and Russia have agreed on compensation of $15 per barrel for the contamination of Kazakh crude shipped through the pipelines of Russia's Transneft, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Thursday.
Elliott Pushes for Marathon Petroleum to Split Into Three
Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, including a separate midstream company, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses.
LNG Ltd to Supply Gas to Vietnam from Louisiana Project
Australia-listed Liquefied Natural Gas Ltd said it has signed a deal with a province in Vietnam to supply LNG from its Louisiana-based Magnolia project.
Medallion Launches Open Season for Midland Basin Crude Expansion
Medallion Pipeline Company announced a binding open season to solicit long-term, firm shipper commitments for an expansion of its crude oil pipeline system in the Midland Basin.
Kinder Morgan's Gulf Coast Express Pipeline Placed in Service
Kinder Morgan said its Gulf Coast Express Pipeline will begin full commercial in-service today, helping to relieve natural gas takeaway constraints and reduce flaring in the Permian Basin.
Feds Recommend New Requirements After Natural Gas Disaster
Federal officials are recommending stronger nationwide requirements for natural gas systems following last September's natural gas explosions and fires in Massachusetts.
Ukraine's Winter Gas Reserves at 9-Year High
Ukraine's natural gas reserves have reached a nine-year high of 20 billion cubic metres (bcm), state-run gas transport company Ukrtransgaz said on Tuesday.
Court Suspends Alberta Law Curbing Oil Flow to British Columbia
A Canadian court on Tuesday granted a temporary injunction against legislation enabling the province of Alberta to restrict the flow of oil and gas to neighbouring British Columbia.
FERC Approves Tallgrass Cheyenne Connector Pipeline
Federal regulators have approved Tallgrass Energy's Cheyenne Connector project, which will transport natural gas from Colorado's DJ Basin to Cheyenne, Wyo., for Midwest delivery via the company's Rockies Express Pipeline.
Eagle LNG Receives FERC Authorization for Jacksonville LNG Export Facility
Eagle LNG Partners LLC (“Eagle LNG”) announced that the U.S. Federal Energy Regulatory Commission (“FERC”) has issued the order granting authorization for siting and constructing its proposed on-water Jacksonville LNG Export Facility.
Saudi Arabia to Restore Full Oil Output by Next Week - Source
Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday.
Overseas Buyers of Texas Crude Want Pure Oil
Decades ago, a distiller in Scotland discovered the marketing power of “single malt” whisky, untouched by blending - a technique now being embraced by sellers of Texas crude oil.
Tellurian Signs $2.5 Billion LNG Deal with India’s Petronet
Tellurian Inc has signed a $2.5 billion investment deal with India’s Petronet for its Driftwood LNG project making it one of the largest foreign investments in a U.S. infrastructure project.
NextDecade and Enbridge Agree to Pursue Rio Bravo Pipeline
NextDecade Corporation and Enbridge announced an agreement to jointly pursue development of the Rio Bravo Pipeline and other pipelines to transport natural gas to NextDecade’s Rio Grande LNG project in Brownsville, Texas.
Brazil's Petrobras Confronts New Foe: Fuel Thieves
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. Now, Brazil's most important company is facing yet another challenge: Thieves are robbing millions of dollars worth of its fuel to sell on a thriving black market.
Ukraine Seeking 'Full Recovery' of Gas Transport Costs from Russia
Ukraine is seeking a substantial payment from Russia for use of its pipelines to move Russian gas into Europe from 2020 but has still not received a Russian reply to its proposal, Naftogaz Chief Executive Andriy Kobolyev said on Friday.
Enterprise to Expand, Extend Acadian Gas Pipeline System in Louisiana
Enterprise Products announced Friday that it is responding to higher demand for natural gas in Louisiana's growing LNG market by expanding and extending its Acadian pipeline system and boosting capacity on the extension through upgrades to its Mansfield compressor station.
LNG Tankers Divert to Asia; Floating Storage Rises After Price Spike
At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said.
Ukraine, Russia Fail to Reach Gas Deal for Europe but Agree to Meet Again
Russia and Ukraine failed to reach a new gas transit deal on Thursday, but said talks were "constructive" and they would meet again to try to find an agreement before the current one ends.
Storm Disrupts U.S. Energy Operations from Pipelines to Terminals
Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery to cut production and a key oil pipeline, terminals and a ship channel in Texas were shut down.
Niger Seeks to Step Up Oil Production with Pipeline to Coast
Niger has started construction on an oil pipeline that will link it to the coast through West African neighbor Benin, a project that Niger's president said will bolster the country's economic development.
Casualties in Fight over New Gas Pipelines: The Customers
Chris Miles and his partners were ready to open their new seaside barbecue joint when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. Utility National Grid halted new gas hookups after the state rejected a new pipeline.
Alberta Sees Progress on Crude-by-Rail Talks to Ease Oil Curtailments
he premier of Canada's main oil-producing province Alberta said on Wednesday he is hopeful of more progress this month on talks between his government and producers about easing oil curtailments, as long as extra output is shipped by rail.
Next Wave of U.S. LNG Export Projects to be Tougher: Blackstone
The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said Wednesday.
Saudi-Style Drone Attacks Not Seen as Major U.S. Risk: Experts
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production last weekend is unlikely to be a risk in the United States, energy and security experts say.
Mexico Gas Pipeline at Center of Dispute Starts Operations
A major natural gas pipeline between Texas and the Mexican Gulf Coast port of Tuxpan that was at the heart of a dispute between Mexico's government and infrastructure firms begins operations on Tuesday.
India, Nepal open cross border oil pipeline
The leaders of India and Nepal inaugurated South Asia's first cross-country oil pipeline Tuesday, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor.
State Court Rejects Challenge to Line 3 Pipeline
The Minnesota Supreme Court declined to take up challenges by tribal and conservation groups and ruled that the Minnesota Public Utilities Commission can move forward with an environmental review of Enbridge Energy’s proposal to replace its aging Line 3 crude oil pipeline.
U.S. Oil Exports Ramp Up as Buyers Seek Alternatives to Saudi Crude
The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and Saudi Arabia tried to secure refined products.
Saudi Arabia Shuts Pipeline to Bahrain after Oil Outage
Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters.
- 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
