North America
Facing Texas Pushback, BlackRock Says it Backs Fossil Fuels
At the risk of being dropped from Texas pension funds, BlackRock Inc. has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries.
Government Condemns Attack on Coastal GasLink Pipeline Work Camp
The Canadian government on Friday condemned an attack on a Coastal GasLink pipeline work camp in northern British Columbia, in which police said assailants brandishing axes threatened workers and damaged equipment.
SoCal Unveils Plan to Supply Los Angeles with Green Hydrogen
Southern California Gas, the largest U.S. natural gas utility, on Thursday unveiled a major proposal to deliver hydrogen produced by wind and solar energy to the Los Angeles area.
Energy Transfer Eyes Permian Gas Pipeline, Starts Gulf Run Construction
Energy Transfer has joined at least two other companies looking to build the next pipeline to transport growing natural gas production from the Permian Basin to export hubs on the Gulf Coast.
US Natural Gas Jumps Nearly 10% on Colder Forecasts
U.S. natural gas futures jumped almost 10% to a near two-week high on Wednesday on forecasts for much colder weather and higher heating demand through early March than previously expected.
Bakken Buildup: Williston Basin Outlook Brightens Through Year of Midstream Expansion
As North Dakota’s largest processor of natural gas, ONEOK often serves as an industry bellwether for Williston Basin midstream activity, and with demand surging in 2021, the natural gas liquids major was bent on growth.
Prospects for Midstream in Wake of Biden’s Infrastructure Bill
Entering the New Year, energy sector representatives tracking developments in our nation’s capital may suffer some whiplash in working with Congress.
Europe Remains Top Destination for U.S. LNG for Third Month
Europe's call for U.S. LNG continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday.
TC Energy Beats Profit Expectations on Stronger Demand
Canada's TC Energy beat analysts' estimates for quarterly profit on Tuesday, boosted by a pick-up in pipeline transport volumes, as oil prices surged about 50% in the quarter.
Venture Global to Buy Natural Gas from Repsol for LNG Plant
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol.
Feed to U.S. LNG Plants Soars as 7th Terminal Loads First Cargo
Natural gas supplies to U.S. LNG export plants reached near record levels over the weekend as vessels docked for loading at all seven export terminals for the first time.
Mariner East Pipeline System Construction Complete, Commissioning in Progress
After numerous delays and environment-related issues, Energy Transfer expects its Mariner East pipeline system to be fully completed in the first quarter of this year.
New England Carbon Emissions Spike as Power Plants Turn to Dirtier Fuel
New England’s electric grid delivered a massive blast of greenhouse gas into the air during a recent stretch of cold weather, as power stations switched from natural gas to dirtier but cheaper fuel oil.
U.S. Senator Warren Urges SEC to Issue Delayed Climate Rule
Democratic U.S. Senator Elizabeth Warren criticized the U.S Securities and Exchange Commission on Thursday for delays to its landmark climate change risk disclosure rules and called for "quick action" on the issue.
Enbridge Reports Higher Profit as Pipeline Volumes Rise
Enbridge reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator's oil transportation volumes, but it missed earnings expectations.
PHMSA Announces Long Awaited, New Regulation of Gathering Lines
After a decade of consideration, the Pipeline and Hazardous Materials Safety Administration published a final rule that creates two new classes of onshore gathering lines — R and C.
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.
Consumers Face Years of High Energy Prices, Global Oil CEOs Warn
Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation.
Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery
Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.
Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions
Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.
Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant
U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.
U.S. Power Use to Rise in 2022 as Economy Continues to Grow - EIA
U.S. power consumption will rise in 2022 and 2023 as the economy continues to recover, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.
Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking
A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.
First LNG Tanker Arrives Near Venture Global's Calcasieu Plant
A tanker, the Yiannis, arrived near Venture Global LNG's Calcasieu Pass LNG export plant in Louisiana on Monday and could be the first vessel to pick up a cargo at the facility, according to data from Refinitiv.
Cheniere Announces Substantial Completion of Sabine Pass Train 6
Cheniere Energy Partners on Monday announced substantial completion of its sixth liquefaction train at Sabine Pass and said construction partner Bechtel has handed over the project after its commissioning was complete.
U.S. Natural Gas Drops 11% on Milder Forecasts Despite Winter Storm
U.S. natural gas futures dropped about 11% on Thursday in what has already been an extremely volatile week on a slightly smaller-than-expected storage draw and forecasts for less cold and lower heating demand over the next two weeks.
Oil Company Directors Decline to Testify in U.S. House Climate Panel
Board members of four major oil companies declined to appear at a U.S. House oversight panel hearing scheduled for Feb. 8 to answer questions about their companies' climate change plans, the committee said on Thursday.
Natural Gas Futures Jump over 15% on Output Drop, Colder Forecasts
U.S. natural gas futures jumped over 15% on Wednesday as frigid weather cut output to its lowest level since July 2021 and as winter storms threatened while LNG exports were at near-record levels.
Texas Utility Provider Forecasts High Demand for Coming Winter Storm
Texas utility provider ERCOT forecast high energy demand during an approaching a winter storm, warning that frozen precipitation it could cause local electricity outages.
Exxon to Raise Permian Basin Output by 25% This Year
Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
