Companies

Eni Looking to Sell Assets in Pakistan - Sources

Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas portfolio following a strategic re-shake this year, sources close to the matter said.

Midwest Refiners to Pipe More Fuel to East Coast, Pressuring Plants

U.S. Midwest refiners are gearing up to pipe more gasoline and diesel to East Coast buyers, hoping to fill a void created by refinery closures and cutbacks, but likely to add pressure to regional fuel producers.

Kinder Morgan Sees Higher Income in 2021, Raises Dividend

Kinder Morgan Inc said on Tuesday it expects to generate higher income in 2021 and raised its annual dividend, as the pipeline operator cost cuts this year in the face of oil demand destruction.

Enbridge Expects Higher Pipeline Volumes, Rates in 2021

Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year.

Magellan Midstream Tank Explosion Injures 7 in Corpus Christi

Seven Magellan Midstream Partners employees were injured, four critically, when a storage tank at a Magellan plant in Corpus Christi exploded after catching fire Saturday morning, according to deputy Fire Chief Richie Quintero.

Minnesota Regulators Deny Request to Delay Line 3 Pipeline

A Minnesota regulatory panel has denied a request to stop Enbridge's Line 3 pipeline project, which broke ground this week after receiving its final state permit.

Uganda Gives Environmental Consent to $3.5B Oil Pipeline

Uganda has granted environmental approval for a $3.5 billion pipeline to export crude oil from western fields to the Indian Ocean coast in Tanzania.

Chevron Tightens Belt Again with Billions in Spending Cuts

Chevron has cut billions off its long-term capital and exploratory budget, even after a major restructuring of its operations, but plans more Permian and GOM spending in 2022.

Magellan Midstream to Boost Loading capacity at Cheyenne Terminal

Magellan Midstream Partners said it will invest $4.65 million to increase truck loading capacity at its refined oil products terminal in Cheyenne, Wyo., by more than 50%.

Mexico Shuts Off Natural Gas Supply to Brazil's Braskem

Mexico has cut off natural gas supply to Braskem's Mexican operations, the company and government said, intensifying a dispute between President Andres Manuel Lopez Obrador and the Brazilian petrochemical company.

Enbridge Starts Construction on Line 3 Pipeline in Minnesota

Enbridge began construction on its Line 3 crude oil pipeline replacement in Minnesota on Tuesday, a day after state regulators approved the final permit for the $2.6 billion project amid legal challenges from lactivist and Indigenous groups.

Fire Shuts Equinor Gas Processing Terminal, Methanol Plant

A fire at Norway's Tjeldbergodden industrial facility on Wednesday triggered an evacuation of staff and the shutdown of Europe's largest methanol plant and a gas processing terminal, state-controlled oil firm Equinor said.

Gassco Changes Make Norway Gas Flows Harder to Gauge - Analysts

Norwegian gas pipeline operator Gassco launched a revamped data website this week that switches away from live physical flows, drawing criticism from analysts who say it has reduced transparency in a key energy market.

Tellurian Withdraws Application for Permian Global Access Pipeline

LNG developer Tellurian Inc told federal energy regulators it wants to withdraw its application to build the Permian Global Access natural gas pipeline in Texas and Louisiana.

Simoes Succeeds Gentle as Tellurian CEO

U.S. LNG developer Tellurian said its president and chief executive, Meg Gentle, is leaving the company and will be succeeded by Octavio Simoes, previously executive vice president of LNG Marketing and Business Development.

Anti-Pipeline Activists Face Terrorism Charges for Rail Scheme

Federal authorities in Seattle have charged two people with a terrorist attack on train tracks, suggesting they were motivated by opposition to a natural gas pipeline when they interfered with the operation of a railroad in Washington state.

Family of Jailed Houston Oil Exec Asks for Venezuelan Leader's Mercy

The family of a Houston-based Citgo oil executive convicted and ordered to prison in Venezuela alongside five others appealed directly to President Nicolás Maduro for mercy.

Minnesota Tribes File to Halt Line 3 Pipeline Approval Due to Virus

Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy's Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading.

Gazprom Swings to Q3 Net Loss of $3.3B, Raises 2020 Exports Outlook

Russian gas giant Gazprom reported a loss of 251.3 billion roubles ($3.3 billion) for the third quarter due to the weak rouble, the company said on Monday, while it also raised its outlook for gas exports to Europe, a key source of revenue.

Nord Stream 2 to Resume Pipelaying This Year

Russia's Nord Stream 2 said it plans to resume pipelaying work on the short, final stretch of the stalled Moscow-backed gas pipeline to Europe, in spite of U.S. sanctions.

Norway's DNV GL Suspends Nord Stream 2 Work over U.S. Sanctions Fear

Norway's risk management and quality assurance firm DNV GL said it has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States.

ExxonMobil to Cut up to 300 Jobs in Canada

ExxonMobil said Wednesday that it plans to eliminate up to 300 jobs in Canada by the end of 2021 as part of its ongoing efforts to lower costs. It said the global pandemic has increased the urgency of its cutbacks.

Enbridge Sues Michigan Over Oil Pipeline Shutdown Order

Enbridge filed a legal challenge to Michigan Gov. Gretchen Whitmer's recent demand that the company shut down its Line 5 oil pipeline that crosses the waterway connecting Lake Huron and Lake Michigan.

Canada Regulators Support NOVA's Edson Pipeline Expansion

The Commission of the Canada Energy Regulator has recommended federal cabinet approval of NOVA Gas Transmission Ltd.'s Edson Mainline Expansion Project.

Eni's Brass River Crude Exports Halted after Pipeline Explosions

Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, a source with direct knowledge of the matter said.

Corps of Engineers Grants Final Federal Permit for Enbridge Line 3

The U.S. Army Corps of Engineers approved the final federal permit for Enbridge Energy's planned Line 3 crude oil pipeline replacement across northern Minnesota, bringing the project a step closer to construction.

Williams Restructures Contracts with Bankrupt Chesapeake

Pipeline operator Williams Companies said on Monday it will take ownership of some of Chesapeake Energy Corp's assets in exchange for accepting lower gas gathering fees from the bankrupt shale producer.

Enbridge Adds Solar Facilities to Power Pipeline Operations

Enbridge is adding solar energy facility to help power its natural gas pipeline compressor stations, citing a recent pledge to green its operations.

Russia's Payments to Belarus for Contaminated Oil Still Unresolved

Russia and Belarus have yet to resolve differences over compensation for contaminated oil supplies last year, with the issue linked to a broader dispute between the ex-Soviet republics, industry sources said.

Court Allows Construction to Continue on Mountain Valley Pipeline

The U.S. Fourth Circuit Court of Appeals rejected a motion to stay a permit for the $5.8-$6.0 billion Mountain Valley natural gas pipeline from West Virginia to Virginia.