Business News
House Democrats to Approve Tough Pipeline Bill
Democrats in the House are about to pass a new pipeline safety bill that is unlikely to attract any Republican support. The Pipeline Safety Act (H.R. 5120), which passed by two House committees in November with no GOP votes in favor, also clashes with the bi-partisan bill passed last summer by the Senate Commerce, Science and Transportation Committee.
Transneft Extends Oil Transit Deal with Ukraine Operator
Ukrainian pipeline operator Ukrtransnafta said it has agreed to a 10-year oil transit extension with Russia’s Transneft.
Europe’s Newest Gas Link Could Weaken Gazprom Prices
Europe’s first new gas interconnector in a decade, linking Finland and Estonia across the Baltic Sea, will weaken Gazprom’s hold on the region and spark price competition, the pipeline’s owners said.
New US Energy Secretary Slams New York for Blocking Pipelines
New U.S. Energy Secretary Dan Brouillette slammed New York state regulators for blocking pipelines that would bring natural gas from Appalachia to New England but did not specify whether the Trump administration could do anything to push the projects forward.
21 Arrested at Oregon Pipeline Protest
Authorities arrested 21 demonstrators who are opposed to a planned liquefied natural gas pipeline and a marine export terminal in Oregon.
EPIC Midstream Loads First Oil Tanker at New Texas Export Terminal
EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U.S. crude, EPIC President Brian Freed said in a mid-December interview with Reuters.
Billion-Dollar LNG Project in Southern Mozambique Expected in 2020
A final investment decision on a $3.15 billion LNG project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said after signing an agreement to develop the project.
Vessel Loadings Show Record US LNG Exports
U.S. exports of LNG set two consecutive records in October and November 2019, according to U.S. Energy Information Administration estimates. LNG exports averaged 5.8 Bcf/d with 52 exported cargoes in October and 6.3 Bcf/d with 55 exported cargoes in November, EIA reported, citing Bloomberg Finance shipping data.
Jordanians Protest Israeli Gas Deal
Hundreds of Jordanians demonstrated in downtown Amman on Friday, calling on the government to cancel an agreement in which Israel began pumping natural gas to the kingdom this year.
US Now Boasts More Crude Export than Import Destinations
As U.S. crude oil export volumes increased to an average of 2.8 MMbpd in the first seven months of 2019, the number of destinations – including countries, territories, autonomous regions, and other administrative regions – that receive U.S. exports has also increased.
Long Time Coming: Power Of Siberia Delivers First Gas
The 1,865-mile (3,000-km) Power of Siberia $9 billion gas pipeline is set to become the longest transmission pipeline, east of the Ural Mountains, with its first delivery in mid-December. It will transmit 61 Bcm of natural gas a year from Irkutsk and Yakutia to Russia’s Far East, bringing vital energy for the economic development of the Russian side of the Amur River and onward.
Global Pipeline Construction Outlook 2020
For those who thought producer retrenchment in U.S. shale basins, global trade wars or middling commodity prices would stop pipeline expansion dead in its tracks: Move along, folks. There’s nothing to see here.
2020 North American Outlook: Industry Adopting ‘Wait And See’ Philosophy
If North America was one giant oil and natural gas basin with one spigot, the flow handle would probably be set at only half-open in 2020, a year when global events will determine if, and which direction, the handle moves.
Fecon
Fecon hydraulic coolers, designed to be mounted on compact tracked loader (CTL) and skid steer rooftops, enhance the performance of the carrier by maintaining the hydraulic fluid at optimal temperatures and viscosity. This all-steel design weighs about 185 pounds plus mounting brackets, with adjust..
Energy Web Atlas Launches EWA Techlink to Enhance Data Offering
Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, today announced the availability of EWA TechLink, a new spatial research tool pairing comprehensive technical content with detailed project data.
China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute
China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.
TC Energy to Resume Work on Keystone XL Pipeline in February
Canadian pipeline company TC Energy Corp said on Tuesday it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of what it expects to be a busy work schedule for the long-delayed project.
Michigan Officials Request Line 5 Records from Enbridge
Michigan officials requested records from Enbridge Inc. on Monday in an investigation of the company's oil pipeline that runs beneath a channel linking two of the Great Lakes.
NOAA: Jordan Cove LNG Project Would Have Minimal Environmental Impact
Federal authorities have suggested the environmental impact of the proposed Jordan Cove LNG terminal and pipeline in southern Oregon would be minimal, saying the contentious project wouldn’t jeopardize protected species or adversely change their critical habitat.
New Permian Pipelines Boost U.S. Gulf Coast Crude Exports
Three new major pipelines coming out of the Permian Basin have helped crude exports from Corpus Christi, Texas surge in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas.
Mild Winter Sends U.S. Natural Gas Prices Tumbling: Reuters
U.S. gas prices have fallen even further in recent weeks as the market tries to avert a glut by encouraging power producers to maximize gas combustion and switch away from coal.
Belarus Halts Own Oil Exports to Germany, Russian Oil Transit Unaffected — Sources
Belarus' state oil company Belorusneft has suspended supplies of its own oil to Germany this month as Minsk needs to compensate for shortages of Russia-sourced oil amid a contract dispute with Moscow, four industry sources told Reuters on Friday.
Work Resumes on Canada's Coastal GasLink Pipeline Over Indigenous Opposition
Construction of the C$6.6-billion ($5-billion) Coastal GasLink pipeline in western Canada resumed this week, after an indigenous group that opposes the project had ordered its workers off their territory.
Turkey, Russia Launch TurkStream Pipeline
The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow's efforts to reduce shipments via Ukraine.
U.S. Department of Energy Awards $25 Million to Improve Natural Gas Operations
The U.S. Department of Energy (DOE) has selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development.
Oil Prices Surge After U.S. Air Strikes In Iraq
Oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
French Union Extends Blockade of Fuel Deliveries from Total Refinery
France's hardline CGT trade union voted on Monday to extend a blockade of outbound fuel deliveries from Total's Grandpuits refinery near Paris until Jan. 6 as part of nationwide protests against a planned pensions reform.
U.S. Gas Volatility Diminishes on Higher Output and Exports
Traditionally severe seasonal swings in inventories and prices are being softened by surging domestic production and the increasing international integration of the U.S. gas market through LNG exports.
New England Power and Gas Prices Spike During Cold Snap
Natural gas and power prices in New England spiked to their highest since last winter as a cold snap froze the six-state region. Next-day gas prices for Thursday jumped almost 25% to $14.50 per mmBtu, their highest since January, for a second day in a row.
Orsted Divests LNG Business to Glencore
Danish energy group Orsted said on Wednesday it has agreed to divest its liquefied natural gas business to trading house Glencore.
- 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
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- 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
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
