Business & Markets
Gas Pipeline Developers Suing Hundreds of Landowners
Developers of the Mountain Valley pipeline construction project take legal action against Virginia and West Virginia landowners to obtain easements.
Russian LNG Unfazed By U.S. Sanctions
Russia’s energy industry faces a new round of U.S. sanctions—including on oil projects in any location if a designated entity holds more than 33 percent. And in Europe, where Russia’s gas giant Gazprom currently holds a large share of the gas supplies, Poland and Lithuania are buying U.S. LNG in an ..
The Remarkable Recovery Of Big Oil
Royal Dutch Shell kept the party going this week, reporting a huge jump in profits for the third quarter. It is something of a clean sweep for the oil majors, who posted sizable increases in quarterly earnings compared to the same period a year earlier. Shell said its profit on a cost-of-supplies b..
The Radical Transformation Of U.S. Oil Imports
Last week we discussed how flows from Saudi Arabia into the U.S. were about to be surpassed by Iraq for the first time since 1985 (teeing up Back to the Future / Carly Simon / Tears for Fears references). With October closing out, this has now become fact. Such a reversal highlights Saudi Arabia’s o..
Contested Land Owned by Nuns Prioritized for Pipeline Laying
Williams to move ahead with work associated with the Atlantic Sunrise pipeline construction project on contested land in Pennsylvania.
TransCanada Wants Alberta To Commit To Keystone XL Capacity
TransCanada wants Alberta’s government to purchase capacity on the Keystone XL pipeline construction project.
Dakota Access Developer, Corps Object to Tribes’ Proposal
The U.S. Army Corps of Engineers and Energy Transfer Partners object to tribes’ Dakota Access pipeline construction project proposal.
U.S. Oil Exports Hit A Record High
Crude oil exports from the United States hit another record last week, at 2.133 million bpd, as production also continued growing, the Energy Information Administration said. This is the first time U.S. oil exports have breached the 2-million-bpd level. The authority said average daily production st..
Tensions Rise As Iraq Halts Kirkuk Oil Exports
Since the Iraqi army took control of the fields in the oil-rich Kirkuk area in mid-October, reports of disruptions in oil flows have been a daily occurrence, but now, according to an official at the Kirkuk provincial council, Iraq’s oil ministry has ordered a stop to all oil exports from Kirkuk’s oi..
Oil Prices Fly Higher On EIA Report
The Energy Information Administration confirmed a draw in crude oil inventories, boosting the rally of WTI that almost brought the U.S. benchmark to US$55 a barrel. According to the authority, inventories fell by 2.4 million barrels in the week to October 27, to 454.9 million barrels. A day earlier..
Can Nigeria Achieve Its Zero Oil Agenda?
The Nigerian National Petroleum Company (NNPC) is a cash cow. It attracts the highest earnings for the country, at least for now, until the Zero Oil Agenda goal to wean the country off oil as the staple source of income materializes, if at all. The nation’s economy is intractably tied to the vagari..
Enbridge Official Testifies Aging Pipeline Needs Replacing
Enbridge official testifies that the company needs to proceed with Line 3 pipeline construction project to repair corrosion and cracking in the system.
Dakota Access Sued over Farmland Damage
SIOUX FALLS, S.D. (AP) — A South Dakota farming family has sued the Dakota Access pipeline company, alleging it reneged on promises to restore farmland damaged during the oil pipeline’s construction. Slack Family Properties accuses Dakota Access LLC of fraud, deceit, breach of contract and taking p..
Alaskans Differ as Senate Debates Drilling in Arctic Refuge
WASHINGTON (AP) — Alaska’s governor and congressional delegation said Thursday that oil drilling in the Arctic National Wildlife Refuge would create jobs and enhance energy security, while maintaining important environmental protections and conserving caribou and other wildlife. But a leader of an ..
Oklahoma House Raises Oil and Gas Production Tax on Some Wells
OKLAHOMA CITY (AP) — The Oklahoma House has approved a measure to increase the gross production tax on oil and gas to 7 percent for some wells after defeating a proposal to impose the maximum 7 percent rate on all wells. The House approved the measure Wednesday on a 64-31 vote. The Republican..
How The Shale Boom Is Boosting U.S. Exports
Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the economic impacts of the shale gas boom. I have covered some of the impacts of the cheap shale gas bounty in the past. They include a surge..
OPEC vs. U.S. Shale: The Battle For Asian Market Share
Early in October, OPEC’s chief, Mohammed Barkindo, appeared to be unfazed by growing U.S. crude oil shipments to OPEC’s key market, Asia. The official said he expected OPEC exports bound for the East will continue to expand in the coming years, eventually hitting 22 million bpd in 2040, up from 14.5..
New U.S. Sanctions Threaten Russian Oil Projects
Washington’s newest round of sanctions against Moscow’s oil and gas industry targets Russia’s upcoming projects worldwide, according to drafts of the measures introduced at the United Nations by the U.S. The punitive measures – designed to be a political reaction to Russia’s annexation of Crimea in..
Trump’s China Trip To Reap Billions In Energy Deals
President Trump to discuss oil pipeline construction project on upcoming visit to China.
Court Upholds Approvals of 3 Projects to Export Natural Gas
WASHINGTON (AP) — A federal appeals court on Wednesday upheld Energy Department decisions approving three projects to export liquefied natural gas, a boost for the Trump administration’s strategy to increase energy production and promote exports. The Sierra Club was seeking to overturn approvals of..
West Virginia Again Approves Mountain Valley Pipeline
West Virginia regulators again approve the Mountain Valley pipeline construction project.
Colorado Regulators Fine Chevron for Oil Pipeline Spill
GRAND JUNCTION, Colo. (AP) — State oil and gas regulators have fined a pipeline operator more than $65,000 after an oil spill contaminated water in western Colorado earlier this year. The Daily Sentinel reports that the Colorado Oil and Gas Conservation Commission reached a settlement agreement thi..
Russia’s Gazprom To Help Build Iran-India Gas Pipeline
Gazprom to take part in Iran-India natural gas pipeline construction project.
Pipeline Construction Project Hearings Start in Minnesota Town
ST. PAUL, Minn. (AP) — A hearing opens in St. Paul on Wednesday on whether Enbridge Energy should be allowed to replace a stretch of its aging Line 3 crude oil pipeline that crosses northern Minnesota. The 12-day “evidentiary hearing” before an administrative law judge will be a trial-like proceedi..
Railway Company Lawsuit Highlights Dangers Of Oil By Rail
Norfolk Southern Railway is suing a company that manufactures railroad ties because it didn’t use the right protective coating for the ties, and now Norfolk Southern will need to replace more than 4.7 million of these to avoid accidents, including oil by rail accidents. The Alabama tie manufacturer..
Kansas Gas Companies Told to Speed up Pipeline Replacement
Kansas regulators order three gas companies to speed up pipeline construction project.
80 Oil Pipeline Companies Off The Hook For Wetlands Damage
Over 80 oil and gas pipeline companies will be exonerated of a lawsuit that claims damage to wetlands via the construction of canals in Louisiana after the Supreme Court decided this week not to hear the case. The Southeast Louisiana Flood Protection Authority-East had filed their appeal against th..
Iraqi Pipeline Disruption Takes 250,000 Bpd Off The Market
Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time, Bloomberg reports, citing a port agent. According to a Kurdish shipping source who spoke to Reuters, the f..
Booming U.S. Oil Exports Could Hit A Bottleneck
U.S. crude oil exports have been setting new records lately, but as both the U.S. oil production and exports are set to increase, analysts and traders warn that booming exports may reach infrastructure limitations in two to three years, which would weigh on U.S. oil prices due to high domestic produ..
Financing Awarded for European Pipeline Construction Project
Transgaz receives $50 million to begin work on the BRUA pipeline construction project in Romania.
- 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
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
