Regions

Venezuela Needs $58 Billion to Restore Crude Output to 1998 Levels

PDVSA estimated that $7.65 billion is needed for reviving pipelines, projects for gas injection to oilfields, terminals and refineries that are idled or underperforming due to lack of maintenance.

U.S. Pump Prices Head for Highest Since 2014 as Hacked Fuel Pipeline Shut

U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disruption caused by a cyber attack on the country's biggest fuel pipeline system.

Annual US Natural Gas Production Decreased by 1% in 2020

U.S. natural gas production – as measured by gross withdrawals – averaged 111.2 Bcf/d (3.15 Bcm/d) in 2020, down 900 MMcf/d (25 MMcm/d) from 2019 as result of a decline in drilling activity related to low natural gas and oil prices in 2020.

Traders Book Tankers in Europe to Ship Gasoline Across Atlantic after Colonial Shutdown

Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.

Australia Commits $45 Million to Boost Gas Supply

The Australian government said it will commit A$58.6 million ($45.3 million) to boost gas supply, storage and pipeline capacity in its 2021-22 budget, due to be unveiled on Tuesday.

Hackers Say They're Seeking Cash as Top US Fuel Pipeline Down for 4th Day

A group of cybercriminals allegedly responsible for the ransomware attack that shut the largest fuel pipeline in the United States said on Monday it only wants to make money, not disrupt society, as Washington scrambled to help restore the network.

Colonial Pipeline Shuts Down after Cyber Attack

Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack that industry sources said was caused by ransomware.

Enbridge to Keep Great Lakes Pipeline Running, Defy Looming Michigan Shutdown Order

Canada's Enbridge Inc will continue to operate its Line 5 despite an order from the U.S. state of Michigan to shut down the crude oil pipeline next week, Chief Executive Al Monaco said.

Australia’s Western Gas, APA Group Studying Potential Gas Pipeline

Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a 130-mile (210-km) offshore pipeline and a transcontinental pipeline, the companies announced.

Galaxy Pipelines Look to Expand Gas Pipeline Network in Abu Dhabi

Despite climate change, and uncertain futures for both demand and supply, some financial investors have become enthusiastic about gas pipelines.

Total and Papua New Guinea Government Remobilizing, Planning Papua LNG Project

France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic.

Australia's Origin Locks in Domestic Gas Supply Tied to Asian LNG Price

Origin has also lined up extra pipeline capacity under a three-year deal with APA Group starting in 2023, which will allow the company to transport large amounts of gas to southern markets where it is needed.

US Federal Land Policy Still Leaves Room for Winning Hands

State energy officials have been laser-focused on the Biden administration’s suspension of new oil and gas leasing on federal lands because it could eventually curtail Bakken production by more than 100,000 bpd.

Energinet and Gasunie Studying Feasibility of Hydrogen Pipeline Infrastructure

Energinet and Gasunie published a technical pre-feasibility study for transporting hydrogen via a 350-450 km (217-279 mi) pipeline from Esbjerg or Holstebro in Denmark to Hamburg in Germany.

Army Corps: No Cause to Shut Dakota Pipeline During Review

The U.S. Army Corps of Engineers said it does not believe a judge should order the Dakota Access oil pipeline shut while environmental review continues, according to court filings on Monday.

Australia Backs Three 'Green' Hydrogen Projects with More Than A$100 Million

Australia said it had awarded A$103 million ($80 million) to back three 'green' hydrogen projects, hiking its planned funding by almost 50% as the government seeks to speed up commercial production of the gas using renewable resources.

LNG Cargoes Diverted from India as COVID Crisis Dampens Demand

LNG cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.

Forties Oil Work to Drive Drop in June Brent Benchmark Supply

The North Sea Forties crude oil stream will load only two cargoes in June, a copy of the shipment schedule showed, reducing supply of the crude that underpins the global Brent benchmark.

Continental Resources Ramping Up Bakken Operations, Adds Rigs to Powder River Basin

Shale oil producer Continental Resources on Thursday said it will ramp up activity in North Dakota's Bakken shale field this year as it shifts more of its production operations to crude oil from natural gas.

Indonesia to Stop LPG and Fuel Imports by 2030

Indonesia will stop both liquefied petroleum gas and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said.

Suncor, Svante Accelerating CO2 Capture Efforts in North America

Suncor and Svante signed an equity financing agreement, providing the latter with the additional growth capital to accelerate its second-generation CO2 capture technology in North America.

U.S. Supreme Court Tackles PennEast Pipeline's Bid to Seize New Jersey Land

The U.S. Supreme Court on Wednesday wrestled with a bid by a group of energy companies seeking to seize land owned by New Jersey to build a $1 billion natural gas pipeline, as the state argues that its rights would be trampled.

Brazil's Antitrust Body Postpones Deadline for Petrobras Asset Sales

Brazil's antitrust authority CADE postponed deadlines for divestitures by state-controlled oil company Petroleo Brasileiro SA, including its refineries, natural gas pipelines and its stakes in natural gas distribution companies.

Colonial Pipeline Increases Estimate of Gasoline Spilled in North Carolina

New data shows the amount of gasoline released in Mecklenburg County’s Oehler Nature Preserve exceeds Colonial Pipeline’s 1.2-million-gallon estimate.

Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility

Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico

Judge Orders Army Corps Update on Dakota Access Pipeline by May 3

A federal judge ordered the U.S. Army Corps of Engineers to provide an update by May 3 on when it plans to complete an environmental review of the Dakota Access oil pipeline and whether it recommends the line should shut during the review process.

Neptune Energy Producing Natural Gas from Merakes Project in Indonesia

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

Malaysia's Petronas Exports LNG in ISO Tanks to China

Malaysia's Petroliam Nasional Bhd said on Monday that it has started exports of LNG in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.

Pembina Pauses Development of Oregon Jordan Cove LNG Plant

Canadian energy company Pembina Pipeline Corp paused development of its proposed Jordan Cove LNG export plant in Oregon, according to an appeals court filing.

RWE CEO Supports More Rapid Switch to Green Hydrogen Pipelines

Germany's regulation for using future supplies of carbon-free hydrogen on existing and new pipelines for natural gas should be undertaken jointly rather than separately, the chief executive of utility RWE said on Friday.