News
Chesapeake Energy Bankruptcy Delivers Hit to Reeling Pipeline, Service Firms
A bankruptcy filing by Chesapeake Energy will deliver a hard blow to pipeline and service companies already struggling from the collapse in energy demand brought on by the coronavirus pandemic.
Tallgrass Energy Cheyenne Connector Pipeline Enters Service
Tallgrass Energy announced that both the Cheyenne Connector Pipeline and the Rockies Express Pipeline expansion project have both entered service.
Tumbleweed Midstream Announces New Gathering and Processing Agreements
Tumbleweed Midstream announced it has executed three new long-term gathering and processing agreements for its Ladder Creek Helium Plant in eastern Colorado.
Sasol to Sell Stakes in Mozambique Pipeline, Power Plant — Sources
According to two sources, Sasol is looking to sell its stakes in a Mozambique pipeline as well as a power plant in the country.
Abandoned Oil Tanker off Yemen Coast at Risk of Exploding
An abandoned oil tanker less than four miles off the Yemeni coast is at risk of exploding releasing more than a million barrels of crude oil into the Red Sea according to UN officials.
Oil Pricing Agencies Platts, Argus Launch New U.S. Crude Benchmarks
The top two oil pricing agencies announced on Thursday they will start new pricing benchmarks reflecting the price of Gulf Coast crude on oil tankers loaded on tankers for export.
Michigan Judge Orders Immediate Shut Down of Enbridge Line 5 Leg
A Michigan judge has granted a request from the state Attorney General to order the immediate shutdown of a portion of Enbridge's Line 5 which runs under a stretch of the Great Lakes.
Energy Firms Halt Return-to-Work Initiatives as Virus Cases Soar
Energy companies in Houston abruptly paused plans to return employees to their offices as cases of COVID-19 soared to the highest daily numbers recorded in the state and top hospitals warned they could soon run out of ICU beds.
Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal
A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.
Poland Signs Deals to Expand LNG Terminal
Poland has signed nearly $500 million in contracts to expand the country's LNG import terminal on the Baltic Sea in order to help the country diversify away from a reliance on supplies from Russia.
Easton Energy Adds Crude, NGL Storage Rights at Texas Facility
U.S. pipeline and storage operator Easton Energy is planning to expand its natural gas liquids and olefins storage at existing salt caverns along the Texas Gulf Coast and add crude storage capability.
Hungary, Gazprom Agree to Long-Term Gas Supply Deal
Hungary and Russian gas giant Gazprom have agreed to a flexible, 15-year gas supply deal that gives the central European country the ability to renegotiate or cancel the deal if alternative supply methods become available.
Harvest Midstream Company Announces the Completion of Ingleside Pipeline
Harvest Midstream has announced the completion of its Ingleside crude oil pipeline and provided construction updates for its Midway Terminal.
TC Energy Selects Michels Canada to Build Keystone XL Pipeline in Canada
Michels Canada has announced that the company has been selected by TC Energy to construct the Canadian portion of the Keystone XL pipeline.
Utility Ordered to Pay $53 Million Fine for Fatal Pipeline Blasts
Columbia Gas of Massachusetts has been ordered to pay a $53 million fine a series of pipeline blasts that killed a teenager and damaged dozens of homes in 2018.
PHMSA Issues Final Rule for Transportation of LNG by Rail
The U.S. Pipeline and Hazardous Materials Safety Administration have released its final rule on the transportation of LNG by rail.
KBR to Exit LNG, Energy Business
Engineering and construction firm KBR told investors and employees that the company will no longer be involved in LNG or other energy projects as the company refocuses on other core aspects of its business.
ADNOC Signs $10 Billion Gas Pipeline Deal
ADNOC has signed a $10 billion investment deal with a consortium of investors for a stake in its natural gas pipeline assets.
Mozambique Government Offers $2.25 Billion Funding Guarantee to LNG Project, Says Report
The Mozambique government has offered a $2.25 billion funding guarantee to partners in the Mozambique LNG project being led by French energy giant Total.
Buyers of U.S. LNG to Cancel 40-45 Cargoes for August Loading: Sources
Industry sources are anticipating buyers of U.S. LNG to cancel between 40-45 cargoes for August loading due to slower economic recovery in Asia and larger than expected stocks in Europe.
Enbridge Restarts Line 5 After Maintenance Issues Causes Temporary Closure
Enbridge has restarted flows on a portion of its Line 5 pipeline in Michigan after maintenance crews discovered a support anchor had shifted from its original position prompting a temporary closure.
EPA Fines Enbridge $6.7M Over Pipeline Safety Issues
The U.S. Environmental Protection Agency (EPA) has fined Enbridge nearly $7 million for allegedly failing to quickly resolve pipeline safety issues.
Exxon Restores Guyana Crude Output After Fixing Gas Compressor
ExxonMobil has restored production at its Guyana oil field after fixing issues with gas reinjection equipment at the site.
Pipeline Theft Falls in Brazil's Sao Paulo, as Petrobras Cracks Down
Fuel thefts from oil pipelines in Brazil's Sao Paulo have fallen by 60% according to Petrobras, the state-owned oil firm, as investments in theft prevention measures appear to be paying off.
Oil Price Structure Sparks Storage Draw Down
Oil’s price structure for Brent and U.S. crude has caused storage to be drawn down, signalling a recovery in global markets and tighter supplies as major producers cut output
Nord Stream 2 Says Departing Top Manager Has Been Replaced
Nord Stream 2 has announced that a top manager who left the project on Friday has already been replaced by someone with heavy involvement in both the current project and its predecessor, Nord Stream 1, but said the name could not be revealed at this time for procedural reasons.
China Could Top Japan's LNG Imports in 2020 as Coronavirus Cuts Demand
The unusual market conditions brought on by the coronavirus pandemic may cause LNG imports into China to surpass Japan much sooner than expected, according to an industry analyst.
Canada's Enbridge Says 800 Workers Take Voluntary Buyouts
Enbridge has reported that 800 workers have agreed to take voluntary buyouts as the pipeline operator seeks to cut costs amid the pandemic.
API’s May Data Report Shows Signs of Industry Recovery
New data from the American Petroleum Institue (API) during the month of May shows the U.S. energy market may be headed for a swift recovery.
U.S. Shale Companies to Boost Oil Output by 500,000 Bpd by July
According to industry analysts, U.S. shale producers are expected to restore roughly 500,000 bpd of crude oil production by the end of the month.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
