News
Oil Producers Eye Long Road to Recovery as Texas Thaws
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.
Venezuela Offers Natural Gas to Mexico, Experts Question Plan
Venezuela does not have a liquefaction plant to convert natural gas into LNG, which would be necessary to send the gas via sea to Mexico, industry experts said.
Texas Oil Refiners Will Take Weeks to Recover, Boosting U.S. Gas Prices
Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices.
As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze
Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.
Texas Mandate to Bar Natural Gas Exports Likely Unenforceable
The Texas oil and gas regulator on Thursday alerted state natural gas producers of a directive to reserve their supplies for in-state electric generation even as one member questioned whether the directive could be enforced.
Texas Energy Sector Struggles to Thaw After Deep Freeze
Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not used to dealing with frigid temperatures.
Novak Tells Russian TV Oil Market on Recovery Path
The global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel, Russian Deputy Prime Minister Alexander Novak was quoted as saying on Sunday.
SBS Energy Sets Record in GOM Decommissioning Project
SBS Energy Services (SBS) completed a multiphase project to decommission 29,000 feet (8,839 meters) of 10-by-6-inch (254-by-152-mm) insulated pipeline in the Gulf of Mexico (GOM) in partnership with Helix Energy Solutions, setting a new offshore snubbing unit/hydraulic workover world record.
Balkans Gas Developments Still Face Structural Woes
The gas market in Southeast Europe, better known as the Balkans, is weighed down by several longstanding difficulties. The region bounded by Bulgaria to the north, Croatia to the northwest and Turkey to the southeast currently suffers from disconnected markets, owing to the lack of an integrated cross-border gas pipeline network, a heavy dependence on Russian gas and insufficient storage capacity.
Tumbleweed Midstream Announces 10-Year Helium Sales Agreement
Colorado’s Tumbleweed Midstream announced it has executed a new 10-year helium sales agreement with a global tier one helium supplier, which will allow Tumbleweed to sell up to 10% of its helium production to third-party buyers.
Crude Oil Prices Mostly Flat After Trading Below $0 in Spring 2020
Demand for petroleum products in the United States fell sharply in mid-March, which led refiners to curtail operations. It later recovered but remained largely flat for the remainder of 2020.
Permian Highway Pipeline in Service, Kinder Morgan Announces
The Permian Highway Pipeline, which delivers natural gas from the Waha to Katy, Texas area, with connections to the U.S. Gulf Coast and Mexico markets, began commercial in-service at the start of the year.
China’s Tarim Registers 30-mtpa Oil Equivalent Output for 2020
The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, saw its 2020 output surpass 30 million tonnes of oil equivalent.
Croatia Kicks Off LNG Terminal in North Adriatic
Croatia's LNG terminal on the northern Adriatic island of Krk began operations amid the first delivery of gas, said the company which runs the unit.
Explosion Hits Gas Pipeline in Egypt’s Sinai, No Casualties
An explosion at a key natural gas pipeline in Egypt’‘s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official said. He added the explosion will not affect the pipeline’‘s supply to el-Arish’s residential areas or an industrial zone in central Sinai.
Azerbaijan Starts Gas Exports to Russia-Dominated European Market
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said , beginning its push into the lucrative energy market dominated by Russia.
Energy Sector Could Get Reprieve from ‘Golden Cross’ Chart Signal
Energy could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day moving price average rising above the 200-day moving average.
Enterprise, Navigator Begin Service on Ship Channel Ethylene Tank
Enterprise Products Partners and Navigator Holdings began service has begun on a 30,000-ton refrigerated ethylene storage tank at the ethylene export terminal, which is owned 50/50 by affiliates of the two companies.
Natixis Sees Deals from Gulf States Monetizing Oil Assets
Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.
Line 3 Pipeline Opponents Sue to Shut Down Minnesota Construction
Opponents of a pipeline project that crosses three states have asked a federal court to halt construction in Minnesota on allegations that U.S. Army Corps of Engineers failed to address several environmental issues when it approved a water quality permit.
China’s Sinopec Plans Record LNG Imports to Battle Cold Snap
Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.
Federal Officials Investigate Fiery Oil Train Derailment
U.S. federal and local authorities were investigating a fiery oil car train derailment north of Seattle, Wash., near where two people were arrested last month and accused of attempting a terrorist attack on train tracks to disrupt plans for a natural gas pipeline.
Nord Stream 2 Completes Section in German Waters
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 1.6-mile (2.6-km) portion of the pipeline, which had been stalled by the threat of U.S. sanctions.
US LNG Exports Set Record as 2020 Closes
During the summer of 2020, monthly exports of LNG from the United States were the lowest in 26 months but have since increased, and in November
Appropriate Methods for Repairing Pipelines
Over many decades now, the ever-growing network of on- and offshore pipelines has transported an increasing volume of refined petroleum products, industrial chemicals, crude oil and natural gas to commercial and household customers. North America is a case in point.
Construction of Pipeline to Colombia’s Coast Nears Completion
The demand for natural gas in Colombia will increase by 50% in the next 13 years, from 961 MMBtu/d in 2019 to 1,449 MMBtu/d in 2033. With that in mind, Promigas has undertaken construction of the 250-MMcf/d Paiva-Caracolí gas pipeline along the Caribbean coast of Colombia, which was 92% complete in August.
Nebraska Pipeline Rupture Likely Caused by 3rd-Party
A natural gas pipeline in rural Nebraska has been repaired after a rupture caused an explosion that was large enough to be seen by satellite. Northern Natural Gas said “a series of scores and gouges were found across the impacted pipeline segment,"
Williams Projects Go In-Service Early as 2020 Ends
Williams said early in-service capacity was achieved for three of its gas expansion projects. Projects going online in the fourth quarter were Transco’s Leidy South and Southeastern Trail, along with the Bluestem Pipeline.
Explosion Hits Gas Pipeline in Egypt’s Sinai
An explosion at a key natural gas pipeline in Egypt’s restive northern Sinai Peninsula caused a fire but no human casualties, a senior official told the Associated Press.
Husky Energy Shareholders Approve Sale to Cenovus
Husky Energy Inc said on Tuesday its shareholders approved the company's merger with rival Cenovus Energy Inc to create Canada's No. 3 oil and gas producer,
- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
