News
Oil Prices Fall Ahead of OPEC Meeting, Brent Dips Below $80
Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures lost 68 cents, or 0.9%, to $74.86. Both contracts lost $1 in early trading.
OPEC Secretary Accuses IEA Of “Vilifying” Oil, Gas Industry
The Organization of the Petroleum-Exporting Countries (OPEC) and the Paris-based IEA have repeatedly clashed in recent years over issues such as long-term oil demand prospects and investment in new hydrocarbon supplies.
'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.
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.
German Companies Plan to Invest More in Africa in 2023
A poll of businesses shows German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and LNG.
Analysis: Argentina’s Vaca Muerta Shale Boom Running Out of Road
Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth.
Perspective: Rebalancing Texas’ Grid the Right Way
On the afternoon July 11, the part of the Texas electric grid managed by the Electricity Reliability Council of Texas (ERCOT) produced roughly 80,000 megawatts (MW) of electricity.
Global News February 2022
EIA Updates Oil Price Forecasts Through 2023, Indian Oil Investing $944 Million on Gas Sales in New Areas, Cruz’s Nord Stream 2 Sanctions Bill Fails to Pass in US Senate and more.
Projects January 2022
GIPL Pipeline Construction Nears Completion, Ironwood Midstream Expanding in South Texas’ Eagle Ford, Dakota Natural Gas Expanding Access with Pipeline Project, and more.
Global News January 2022
US Oil Pipelines at Half-Capacity, U.S. Natural Gas Production to Increase in 2022, Osaka Gas Plans to Enter India’s City Market, and more.
Pipeline Blast Reported at Iran Gas Refinery, No Casualties
A gas condensate pipeline at a gas refinery in southwestern Iran exploded on Thursday after being hit by an excavator, Iranian news agencies reported.
Looking Back at the Top 10 Midstream Stories of 2021
While not as volatile as the previous 12 months, 2021 brought its share of anxiety as we in the energy industry – midstream in particular – worked to recover from the fallout caused by the COVID-19 virus. There were also victories along the way.
Contractors: Western Canada to Boost Drilling to Pre-Pandemic Levels
Western Canadian oil and gas producers will drill 27% more wells in 2022 than the previous year, returning to pre-pandemic levels as prices rebound and pipeline projects advance, the Canadian Association of Energy Contractors (CAOEC) said.
Seaborne, Saudi Oil Supplies to Poland at Highs Amid Belarus Tensions
Poland raised its seaborne oil imports as well as crude supplies from Saudi Arabia to multi-year highs in October amid tensions with neighboring Belarus and talks on new supply deals with Russia, according to Refinitiv Eikon data and traders.
US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.
Pipeline Firms Scramble to Restore Service After British Columbia Floods, Gas Prices Spike
Natural gas customers in British Columbia and the Pacific Northwest are facing reduced supplies after Enbridge shut a segment of its Westcoast pipeline as a precaution, reducing flows to 1.4 b Bcf/d from up to 1.8 Bcf/day.
Russian Gas Flows to Germany via Yamal Pipeline Unchanged
Russian gas continued flowing via the Yamal-Europe pipeline to Germany at Thursday levels, preliminary data from German network operator Gascade showed, below volumes seen earlier in the week when Gazprom started to increase supplies to refill its storage.
Africa Sets Sights on Hydrocarbon Haul Despite Global Shift
Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this week in the face of pressure to end fossil fuel extraction to curb global warming.
Global News November 2021
In this month's global headlines, US Supreme Court Refuses Stay Request for Spire Missouri Pipeline, Summit Midstream Settles Criminal Pollution Charges for $36 Million and more.
Biden Pushes G20 Energy Producing Countries to Boost Production
With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.
One Killed, 15 Injured in Pemex Pipeline Blast in Central Mexico
At least one person was killed and over a dozen were injured when a pipeline exploded in the central Mexican state of Puebla after it was breached by suspected fuel thieves, authorities said.
Global News October 2021
EIA Expects U.S. Natural Gas Consumption to Decline Through 2022, Brazil Seeks Natural Gas Pipeline from Argentina’s Vaca Muerta and more.
U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End
Damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. The prolonged shut-in of the WD-143 platform would also affect smaller operators which use the Mars pipeline.
Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes
Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.
Texas Freeport LNG Export Plant Shut During Tropical Storm Nicholas
U.S. LNG company Freeport LNG said on Tuesday all three liquefaction trains at its Freeport LNG export plant in Texas shut, likely due to power outages from Tropical Storm Nicholas.
Spire Gets More Time to Operate Missouri St. Louis NG Pipeline
U.S. natural gas company Spire Inc. got permission from federal regulators on Tuesday to keep operating its STL natural gas pipeline in Missouri for another 90 days while regulators consider the next steps for the pipe.
Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind
The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.
Over 89% of Oil, Gas Output Shut in U.S. Gulf of Mexico
Oil and gas production in the U.S. Gulf of Mexico on Friday remained largely halted in the aftermath of Hurricane Ida, with 1.7 million barrels, or 93%, of its daily crude output suspended.
Global News September 2021
Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.
Two Killed in Now-Extinguished Kinder Morgan Arizona Natural Gas Pipeline Fire
Kinder Morgan on Monday said a fire on its El Paso Natural Gas Pipeline near Coolidge, Arizona, that killed two people and injured another had been extinguished and the pipeline segment remained shut.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
