Business & Markets
Bangladesh and China to Build Oil Pipeline
Bangladesh and China agree to move forward with an oil pipeline construction project.
Pre-Feasibility Study Contract Awarded for Australian Pipeline
The Australian Government has awarded a contract for a pre-feasibility study of the proposed West-East Gas pipeline construction project.
Study: New Natural Gas Plant Most Cost-Effective UP Power Option
LANSING, Mich. (AP) – A study of alternatives for generating more electricity in Michigan’s Upper Peninsula shows that establishing a transmission link with Canada or drawing more power from the Lower Peninsula would cost more than they’re worth. Gov. Rick Snyder requested a feasibility analysis of..
Lawmaker Blasts Video Game Allowing Fantasy Pipeline Attacks
MINNEAPOLIS (AP) — A Minnesota lawmaker wants to impose new restrictions on state funding of the arts after learning about a video game that lets players zap imaginary oil pipelines with lightning bolts. Elizabeth LaPensee received nearly $3,300 from Minnesota’s Arts and Cultural Heritage Fund to c..
Enbridge Says It Knew About Line 5 Damage Years Ago
TRAVERSE CITY, Mich. (AP) — The company that operates twin oil pipelines in a Great Lakes waterway says it knew three years ago that protective coating had been damaged but didn’t inform regulatory agencies. Enbridge Inc. says four gaps were opened in enamel coating on one section of Line 5 in Mich..
Professor Quits over Denied Dakota Access Pipeline Seminars
Professor quits after his request to hold seminars over protests concerning the Dakota Access pipeline construction project was denied
Iraq Begins Pumping Kirkuk Oil From KRG Pipeline
Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No.2 OPEC producer to shutter. Baghdad began pumping crude from the Avana field in Kirkuk through a pipeline controlled by the Kurdistan Regional ..
Canada’s Oil Output To Grow For Decades To Come
Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next couple of decades, a report from the National Energy Board found. The report considered three different s..
Hurricane Harvey Impact On Gulf Coast Refiners Similar To Katrina
Refinery runs in the Gulf Coast returning to the levels seen before Hurricane Harvey made landfall in Houston on August 25, but the scale and duration of refinery operations curtailment has been similar to the disruptions in the wake of Hurricanes Katrina in 2005 and Gustav and Ike in 2008, the EIA ..
More than Half of Alaska’s Petroleum Reserve up for Bid
ANCHORAGE, Alaska (AP) — The U.S. Bureau of Land Management has announced it will be accepting oil exploration bids for more than half of the land on a Northern Alaska petroleum reserve that’s the size of Indiana. The bureau’s announcement on Wednesday is the largest lease sale to be offered in the..
Oklahoma Senate in Favor of Oil and Gas Tax Hike
OKLAHOMA CITY (AP) — The Republican-controlled Oklahoma Senate indicated it would be willing to double the current production tax on oil and gas wells as a way to break a stalemate to fix a $215 million budget hole. Senators approved a resolution Thursday urging their colleagues in the House to pus..
2 Sentenced To Jail Time For Pipeline Protests
Two protesters of the Dakota Access pipeline construction project receive jail time.
Michigan Regulators Approve 2 Natural Gas Power Plants
LANSING, Mich. (AP) – State regulators have approved a utility’s plan to build two natural gas-fueled power plants in the Upper Peninsula. The Michigan Public Service Commission on Wednesday endorsed Upper Michigan Energy Resources Corp.’s plan to build the plants in Negaunee and Baraga Townships a..
Video Game Enabling Fantasy Pipeline Attacks Draws Fire
TRAVERSE CITY, Mich. (AP) — A video game developed by a Michigan State University assistant professor supports “eco-terrorism” by enabling players to zap imaginary oil pipelines with lightning bolts, an industry group said Wednesday, although the designer countered that it’s not meant to incite viol..
Argentina Plans $21.5-Billion Oil Investment
The state oil and gas company of Argentina, YPF, plans to spend US$21.5 billion on new oil and gas production over the next five years, eyeing a 26-percent increase in crude oil production, company executives told Reuters. The company will sell some assets to gather the funds necessary for the ambi..
Iraq And Kurdistan To Collaborate On Oil Production
Iraqi government-owned North Oil Co. and Kurdish Kar Group are cooperating on pumping the oil from two fields that halted operations following the government military action to take it over from Kurdistan Regional Government (KRG). Kurdistan forces had been there since 2014 when they ousted Islamic ..
Minnesota Agency Cancels Public Hearings on Oil Pipeline
Minnesota regulators cancel public hearings concerning Enbridge's Line 3 pipeline construction project.
Database Seeks to Highlight Attacks on Pipeline Infrastructure
Oil and gas industry group develops database highlighting attacks against pipeline construction projects in America.
Valley Crossing Pipeline Gets Presidential Permit
Enbridge's Valley Crossing pipeline construction project receives Presidential Permit.
Turkey Says it Will Help Iraq Restore Pipeline
Turkey says it will help Iraq on an oil pipeline construction project.
LNG Glut To Continue Into 2020s, IEA Says
The world’s LNG market will continue to be oversupplied into the mid-2020s as new supplies continue to outweigh demand, according to the International Energy Agency (IEA). The IEA added that Chinese demand could tighten the market earlier than that. “We will see massive amounts of new LNG capacity..
LNG Becomes A Buyer’s Market
The world’s liquefied natural gas (LNG) market has dramatically changed over the past few years. Continuously growing supply has led to a glut, and the U.S. starting LNG exports has led to more flexible contract terms. LNG trade is increasingly shifting to a buyers’ market, where importers are shapi..
Midwestern Refiners Seek Canadian Oil To Expand Output
Cheap crude from Canada and North Dakota is reducing the U.S. Midwest’s reliance on Gulf coast fossil fuels, according to a new report by Reuters. Figures from last year say the Midwest’s refining capacity at 3.9 million barrels per day – that’s the highest volume on record. The surge in production..
Uganda Eyes $15-20 Billion In Oil Investments
Uganda, a newcomer on the international oil stage, expects investments to the tune of US$15-20 billion over the next three to four years, the executive director of the country’s petroleum Authority, Ernest Rubondo said at a conference in South Africa. Earlier this month, Nigerian Oranto Petroleum s..
Economic Growth Will Spur Southeast Asia Oil Demand Growth: IEA
Economic growth plus a demographic boom will drive crude oil and coal demand growth in Southeast Asia in the next two decades, the International Energy Agency said at an industry event in Singapore. The region, which at the moment uses about 4.7 million bpd, will need 6.6 million bpd by 2040, accord..
U.S. Government to Offer Largest Oil and Gas Lease Sale
WASHINGTON (AP) — The Interior Department said Tuesday it will propose the largest oil and gas lease sale ever held in the United States — nearly 77 million acres in the Gulf of Mexico off the coasts of Texas, Louisiana, Mississippi, Alabama and Florida. The sale, scheduled for next March, includes..
Illinois Attorney General Sues Gas Company Over Leak
MAHOMET, Ill. (AP) — The Illinois attorney general is suing a Chicago gas company over an underground natural-gas leak that has affected water wells near the central part of the state. The News-Gazette reports the lawsuit filed by Attorney General Lisa Madigan against Peoples Gas is based on a refe..
Pipeline Construction Project Contract Awarded in Mexico
Gas Natural del Noroeste SA de CV receives contract for a natural gas pipeline construction project in Mexico.
Kenya Inks Agreement for Crude Oil Pipeline Study
Joint Development Study Agreement reached for oil pipeline construction project in Kenya.
Ex-Energy Regulators Denounce Trump Bid to Boost Coal
WASHINGTON (AP) — Eight former federal energy regulators — including five former commission chairs — oppose a Trump administration plan to bolster nuclear and coal-fired power plants, arguing it would raise prices and disrupt electricity markets. The former officials, who served under presidents fr..
- 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
