Business & Markets
Enbridge Ordered to Shut Down Portions of Wisconsin Pipeline Within Three Years
Enbridge said in court filings ahead of the judge's action that a hasty shutdown of the pipeline was unnecessary and would cause "extreme market turmoil." The company has proposed re-routing the pipeline around the tribal reservation but has not received federal approvals to do so.
GAIL India Issue Swap Tender for 12 LNG Cargoes in 2024
India's largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal in the U.S. and is seeking the cargoes for delivery into India's Dhamra terminal.
Senex, AGL Sign Major Australian Gas Supply Deal
The deal comes amid warnings this year from Australia's energy market operator of long-term supply gaps for gas on the country's east coast, and after gas producers said they were reluctant to invest in new supply following government interventions.
Russia’s Yamal LNG to Resume LNG Supplies to India’s GAIL
Russia's Yamal LNG plant is set to resume liquefied natural gas (LNG) supplies to India's GAIL under a long-term contract involving a Gazprom unit, Kommersant daily reported on Wednesday, citing Russian government sources.
'Powerhouse' Texas Pipeline Industry Contributes Billions to Economic Output
The 2022 Analysis of the Current and Future Economic Impact of the Texas Oil and Gas Pipeline Industry study shows that through ongoing operations and construction in 2022 alone, the Texas oil and gas pipeline industry provided more than $60.5 billion in economic output.
Turkey, Iraq to Discuss Resuming Oil Exports Through Iraq-Turkey Pipeline
Turkey halted Iraq’s 450,000 bpd of northern exports through the Iraq-Turkey pipeline on March 25 after an arbitration ruling by the International Chamber of Commerce.
Russia to Press U.N. Security Council for Investigation into Nord Stream Gas Pipeline Explosion
Unexplained explosions ruptured both Nord Stream 1 and the newly built Nord Stream 2 pipelines, carrying gas from Russia to Germany under the Baltic Sea. Russia has repeatedly said the West was behind the blasts. The West and Ukraine have denied involvement.
Wärtsilä to Extend Regasification Capacity Onboard Croatian LNG Terminal
The 280-metre long Floating Storage and Regasification Unit (FSRU) vessel is owned by Zagreb based LNG Hrvatska, and acts as the company’s LNG terminal on Krk island. The order for the new system was booked by Wärtsilä in Q2 2023.
Useful Considerations for CO2, Hydrogen Pipeline Operators
(P&GJ) — When a pipeline operator becomes a “common carrier” under Texas law, it is granted the power of eminent domain over private property for public use. Texas law provides two independent sources for common carrier status: Texas Natural Resources Code Section 111 and Texas Business Organizations Code Section 2.105. Common carrier status is critical to pipeline projects in Texas, especially when easements are difficult to obtain.
Adapting ROW Strategies to Sustainability, Public Perception
(P&GJ) — Pipeline infrastructure and operations raise two common concerns among landowners and other public entities: greenhouse gas (GHG) emissions and ecosystem disturbance.
EIA: US Crude Inventories Post Surprise Large Build, Fuel Stocks Rise
U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected, the Energy Information Administration (EIA) said on Wednesday.
US Hopes to Buy 12 Million Barrels of Oil for Reserve This Year
The Biden administration hopes to buy back at least 12 million barrels of oil for the Strategic Petroleum Reserve this year, including six million already announced, a source familiar with the matter said on Tuesday.
DNV Grants Safety Certification to Project Greensand's CO2 Storage in the North Sea
(P&GJ) — The project is the first in the world to demonstrate that CO2 can be transported across national borders and stored offshore to mitigate climate change. The safety verification covers everything from the fabrication by the individual subcontractors to the actual offshore installation.
TotalEnergies Buys $219 Million Stake in LNG Developer NextDecade
TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 million, the French group said on Wednesday, part of a broader deal to enable the Texas company's Rio Grande LNG export project to proceed.
OMV Petrom Makes Largest Crude Oil Discovery in Decades
The deposits are the largest crude oil discovery OMV Petrom has made in decades, it said, and were found in southern Romania holding over 30 million barrels of oil equivalent of recoverable resources.
New Water Permit Brings 303-Mile Mountain Valley Gas Pipeline Closer to 2023 Completion
Analysts at Height Capital Markets, an investment banking and research firm, said language supporting Mountain Valley in the recently approved U.S. Fiscal Responsibility Act and issuance of the West Virginia permit "significantly raises the probability of a 2023 placed-in-service date" for the project.
Pakistan Seeks Spot LNG Cargoes, Inks Supply Deal with Azerbaijan
Pakistan has issued two tenders seeking spot LNG cargoes for the first time in nearly a year on Tuesday while also announcing a deal that will see Azerbaijan provide the country with one LNG cargo per month.
Beijing Gas to Start Regasification Terminal in October, Secures Term Contracts
The new terminal, located in Tianjin and connected with the Chinese capital Beijing via a 300-km (186-mile) pipeline, can handle 5 million tonnes of LNG annually.
Russia's Novatek Has Developed Its Own LNG-Producing Technology
Russian company Novatek said on Tuesday it has developed its own technology to produce large-scale volumes of LNG, a key step in boosting LNG production and raising Russia's global share in the fuel market.
Hydrogen’s Importance in Looking Beyond Climate Change
(P&GJ) — Looking back two decades when actor-turned-politician Arnold Schwarzenegger was governor of California, stakeholders in the nation’s most populous state were talking about creating a “Hydrogen Highway” for alternative fueled transportation.
Enbridge Sells Inactive North Dakota Oil Pipeline to MHA Nation for Reservation's Oil Transportation
(P&GJ) — In order to assist in bringing oil from wells on its reservation to the general market, a Native American tribe in North Dakota purchased an empty pipeline from Canadian pipeline operator Enbridge.
First Discounted Russian Crude Oil Cargo Arrives in Karachi
Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
EIA: US Oil Output to Rise to Record High in July But Growth Narrowing
Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise by 1,000 bpd to a record-high 5.76 million bpd. That would be the smallest monthly increase for the region since February.
Focus: Rich US Subsidies May Hobble Canada's Clean-Fuel Efforts
Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada $7.5 billion of investment and undermine Prime Minister Justin Trudeau's efforts to build a greener economy.
Repurposing Pipelines for Hydrogen Transportation
(P&GJ) — The energy transition and climate targets have created a pressing need to scale technologies to decarbonize hard-to-abate sectors, many of which require low-carbon gases as well as greater electrification.
NET Power, Rice Acquisition Merge to Accelerate Clean Natural Gas Power Generation
(P&GJ) — Occidental's president and CEO, Vicki Hollub, expressed confidence in NET Power's transformative technology, stating that it aligns with Occidental's net-zero ambitions by delivering nearly emissions-free power to their Permian Basin operations and upcoming direct air capture sites.
Trinidad to Restart Idled LNG Unit by Early 2027 Amid Restructuring
Trinidad and Tobago aims to restart an idled LNG unit by the first quarter of 2027 after agreeing to restructure the facility's ownership and negotiate new gas supplies, according to three people with knowledge of the plans.
US Buys 3 Million Barrels for Oil Stockpile, Announces Plan for 3 Million More
The U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.
Software Adds Efficiency for Companies Transporting, Storing Hydrogen
(P&GJ) — Decarbonization is a critical challenge facing the world today, and the expansion of renewable energy sources is a key component of addressing this challenge. In the face of changing corporate and public goals with regards to the low-carbon energy transition and changing energy landscape, many companies are looking for opportunities to support more sustainable forms of energy.
Russia's Novatek Offered Argentina Know-How to Liquefy Gas from Vaca Muerta
Last year, Russia's largest producer of LNG Novatek offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said. However, the talks have since broken off.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- 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
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
