Business News
More Pipelines Are Needed for India to Increase LNG Imports — EIA Report
Recent data released by the U.S. Energy Information Administration shows that in order to continue to increase its LNG imports, India needs to build more gas pipelines.
APA Group Receives Funding to Test Methane in Australia’s Gas Pipelines
Australian pipeline operator APA Group has received over $1 million for its renewable methane pilot project to test the viability of the gas as a replacement for LNG.
Nigeria LNG Signs EPC Contract for Train 7 — Oil Minister
Nigeria’s oil minister on Thursday reported that Nigeria LNG has signed the engineering, procurement and construction contract for its Train 7 project.
Oklahoma Regulators Take no Action After Oil Output Hearing
Energy regulators in Oklahoma declined to provide a timeline for a decision regarding requests from oil producers in the state to mandate production cuts in an attempt to stabilize to hard-hit industry.
U.S. Judge Revises Environmental Ruling on Pipeline Permits
A U.S. Judge partially revised a ruling that blocked pipeline crossings below streams and waterways, allowing crossings for utility and maintenance projects but continuing to require permits for pipeline construction projects.
Energy Spectrum Capital Closes Nearly $1 Billion Midstream Investment Fund
Energy Spectrum Capital has received commitments of $969 million to invest in midstream assets in the energy industry.
Oklahoma Oil Regulators Hear Arguments on Output Cuts
Oil regulators in Oklahoma began hearing arguments on Monday from major oil producers hoping to convince the state to set production limits in an effort to bolster the industry slammed by collapsing oil prices.
NextDecade Says Coronavirus Could Delay Timing of Texas LNG Project
NextDecade said the collapse in global LNG demand caused by the coronavirus could delay the company's Final Investment Decision (FID) on its proposed Rio Grande LNG export plant.
North American Oil Producers Slash Output Faster than OPEC Skeptics Expected
Oil producers in North America have cut oil production faster than many expected on track to reduce about 1.7 million barrels per day by June.
U.S. Natgas Prices Rise on More Demand, Slowing Output
U.S. natural gas futures climbed to a 15-week high Monday and held firm in early trading today on forecasts for cooler weather and more heating demand and slowing output.
Magellan Midstream Diesel Flows Fall, Projects Continue
Magellan Midstream has reported a decline in diesel flows on its pipelines as drilling activity in the Permian Basin has dropped due to the collapse in oil prices.
U.S. Court Ruling Could Delay Keystone XL Pipeline Construction up to 1 Year
Construction of TC Energy's Keystone XL pipeline could be delayed by up to one year after a U.S. court ruling invalidated several permits issued for the project.
Head of Texas Energy Regulator Opposes State-Mandated Oil Curbs
The head of the Texas energy regulator has stated his opposition to a proposal of state-mandated oil production cuts.
Ecopetrol Unit to Let Colombia Oil Producers Cut Pipeline Costs for Two Months
Ecopetrol subsidiary Cenit is allowing Columbian oil producers to reduce their transit tariffs by 50% for two months in an effort to ease the strain on the industry due to the coronavirus pandemic.
Reporting Higher Q1 Profits, Enterprise Products CEO Puts a Personal Spin on COVID Response
Enterprise Products Partners’ outspoken co-CEO Jim Teague used a conference call with investors Wednesday as an opportunity to comment on the U.S. economic shutdown, reflecting on his personal experiences during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.
Poland's PGNiG Receives LNG Delivery from U.S.
Polish gas giant PGNiG received its third LNG delivery from U.S.-based Cheniere on Tuesday as part of the company's long-term plans to reduce reliance on Russia.
Tokyo Gas Maintains LNG Imports, Infrastructure Projects Despite Profit Plunge
Japan's biggest supplier of city gas said net profit fell by nearly half in the fiscal year ended March 31, but it has no plans to cut LNG imports or change its overseas investment plan.
U.S. Natural Gas Futures Rise as Oil Slump Triggers Output Worries
U.S. natural gas futures rose on Monday, after falling nearly 9%, as the industry prepares for associated gas production to fall in line with the decline in oil production.
U.S. Delays Pipeline Approvals After Environmental Ruling
Pipelines and utility projects across the country could face long delays and increased costs after the U.S. Army Corps of Engineers halted a nationwide permit program citing a recent federal court ruling that declared the permit illegal.
Drowning in Crude, U.S. Producers Say Trump Strategic Reserve Plan Won’t Help
American oil producers are not sure how helpful President Trump's plan to fill the U.S. Strategic Petroleum Reserve will be considering the logistical and economic challenges associated with getting the crude to the storage sites.
Pipeliners, Producers Facing Threat of Bankruptcy
Companies across the U.S. energy industry are increasingly facing the threat of bankruptcy as pipeline companies and shale producers all scramble for cash during the greatest demand crunch the industry has ever faced.
Asia, Europe Buyers Cancel Nearly 20 U.S. LNG Cargoes for June Loading - Sources
According to several trading sources, buyers in Europe and Asia have canceled nearly 20 LNG cargoes for loading in the U.S. in June.
U.S. Gas Futures Jump to 9-Week High as Output Slides
Futures prices for U.S. natural gas jumped to their highest level in nine weeks as oil producers shut in wells amid collapsing demand.
Oklahoma to Allow Struggling Oil Producers to Halt Output Without Breaking Contracts
Oklahoma's oil regulator will allow struggling producers to shut-in wells without having to break a lease declaring unprofitable production an economic waste.
CPC Oil Producers Eye New Transit Routes via Russia’s Transneft
Oil producers in Kazakhstan are seeking to divert flows away from the Caspian Pipeline Consortium (CPC) to systems owned by Russia's Transeft as CPC Blend margins fall.
Texas Regulators Decline Production Cuts for Now
Texas oil and gas regulators declined to cut oil production in the state on Tuesday after prices reached negative territory for the first time in history but will most likely revisit the issue at their next meeting.
Producers Scramble for Storage Space as Oil Glut Grows
Oil producers are scrambling to find storage space for excess barrels, many being forced to pay storage companies to take oil as prices turned negative on Monday for the first time in history due to an unprecedented slump in demand.
Enbridge Will not Ration Mainline Deliveries as Oil Cuts Mount
Enbridge has said it will not ration space on its Mainline system as oil production continues to fall in the wake of the coronavirus pandemic.
Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources
U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.
Pipeline Upgrades to Increase Natural Gas Flows into New England
Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region over the next several years, according to data from the U.S. Energy Information Administration (EIA).
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
