North America
Biden, Merkel May Have Little Time to Rebuild 'Indispensable' Relationship
The United States and Germany are key NATO allies but are at odds over a host of tough issues, including the Nord Stream 2 pipeline being built from Russia to Germany under the Baltic Sea, which Washington fears will increase European reliance on Russian gas.
Brookfield Sweetens Offer for Canada's Inter Pipeline to $6.85 Billion
Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.
Global News July 2021
11 EU Countries Oppose Plan to Continue Gas Project Funding, FERC Approves Enable’s Proposed Louisiana Pipeline and more
Mountain Valley Pipeline Announces Plan to Offset Carbon Impacts
Mountain Valley Pipeline announced plans that would make it one of the first interstate natural gas transmission pipelines to acquire carbon offsets for its operational emissions.
Thawing Permafrost Could Threaten Sections of Trans Alaska Pipeline’s Foundation
The Trans-Alaska Pipeline is in danger due to thawing permafrost that supports an elevated section of the pipeline, NBC news reported.
Merkel, Biden Face Tough Talks on Russian Gas Pipeline, China
Chancellor Angela Merkel and President Joe Biden will hold talks at the White House on Thursday that experts say are unlikely to yield major breakthroughs on divisive issues like a Russian gas pipeline to Germany.
Perspective: U.S. Petroleum Inventories are Becoming Tight
U.S. petroleum inventories have fallen below the pre-pandemic five-year average with consumption accelerating but crude producers slow to respond to rising prices, signaling more supply is needed.
Linden Energy Acquiring 50% Stake in Bulgaria's Largest Private Gas Company
Linden Energy, a U.S.-based energy development company, today announced it has signed an agreement to acquire 50% of Overgas Inc. AD, the first independent Bulgarian gas trader, as well as the largest privately owned gas company in the country.
North Dakota Sues Federal Govt Over Canceled Oil and Gas Leasing
North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state.
U.S. Natural Gas Production to Rise in 2021 as Demand Falls – EIA
U.S. natural gas production will increase in 2021 and demand will fall, the U.S. Energy Information Administration said in its Short Term Energy Outlook.
Company Cancels Byhalia Connection Pipeline Project
Byhalia Connection LLC announced it is no longer pursing the Byhalia Connection construction project, which had called for the construction of an oil pipeline through southwest Tennessee and northern Mississippi.
Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire
Days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers.
TC Energy Files $15B NAFTA Claim Over Keystone XL Cancellation
TC Energy Corporation filed a Notice of Intent to initiate a legacy North American Free Trade Agreement claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
'Eye of fire' in Mexican Waters Blamed on Gas Pipeline Leak
Pemex said that a fire on the ocean surface west of Mexico's Yucatan peninsula Friday was caused by a gas leak from an underwater pipeline. Videos of the blaze went viral.
Shell Plans to Exit California Joint Venture with Exxon Mobil
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.
U.S. Natural Gas Companies Put Hydrogen to the Test
At least two dozen U.S. energy firms, including Dominion Energy Inc and Sempra Energy, have started producing hydrogen or testing its viability in natural gas pipes to take advantage of existing infrastructure as the world prioritizes lower-carbon fuels.
U.S. Supreme Court Backs PennEast Pipeline in New Jersey Land Dispute
The U.S. Supreme Court on Tuesday ruled in favor of a consortium of energy companies including Enbridge Inc seeking to seize land owned by New Jersey to build a $1 billion natural gas pipeline despite the state's objections.
Following Senate, U.S. House Reverses Trump Rollbacks of Methane Rules
The U.S. House of Representatives voted 229-191 to nullify the Trump administration's 2020 rollback of regulations to curb the emissions of greenhouse gas methane from oil and gas infrastructure, following a similar move by the Senate in April.
Canada Grimaces Amid Hail of U.S. Trade Blows
Signs of trouble emerged early. Within hours of taking power, Biden revoked the permit needed to build the Keystone XL oil pipeline, killing an $8 billion project that would have brought Canadian crude to U.S. markets.
Pembina and TC Energy Creating Carbon Capture, Sequestration Infrastructure Network in Alberta
By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid represents the infrastructure platform needed for Alberta-based industries to manage their emissions and contribute positively to Alberta's lower-carbon economy.
Federal Judge Orders Biden Admin to Lift Oil Lease Ban
A federal judge in Louisiana ordered an end to the pause after Louisiana and 12 other states that support drilling on federal lands sued, arguing the suspension was against the law and would cause economic damage and kill jobs.
Texas Power Demand to Keep Breaking June Records in Heatwave
In February, ERCOT was forced to impose rotating outages as extreme cold froze natural gas pipes and wind turbines, leaving millions of customers without electricity - some for days. Conservation efforts and changes in procedures and processes implemented since the winter storm prevented the possibility of rotating outages so far.
Brace for Huge Oil Volatility, U.S. Trading Group Says
Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favor of renewables, U.S.-based Castleton Commodities International said.
Shell Weighs Blockbuster Sale of Texas Shale Assets
Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.
1,200 Mile CO2 Pipeline to Create Positive Ripples in its Community
Navigator CO2 Ventures’ planned 1,200-mile carbon capture pipeline system across the U.S. Midwest should prevent up to 12 million metric tons of carbon from being released into the atmosphere each year.
Greenlane Renewables Makes Landfill Gas Pipeline-Ready and Profitable
Greenlane Biogas North America is contracted for an $8.1 million (C$9.8 million) deal to supply equipment for a renewable natural gas (RNG) project which will upgrade gas from a large landfill in the Midwest to pipeline-specification RNG for direct injection into the local gas grid.
Heatwave Bringing U.S. West Highest Power Prices Since February Freeze
Already, power prices across the U.S. West spiked to their highest since the February freeze when natural gas pipelines and wind turbines froze in Texas leaving millions without power.
New Pipelines Connect West Texas Natural Gas-Producing Areas to Demand Markets
Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub — located near Permian Basin production activities in West Texas — to the U.S. Gulf Coast and Mexico.
Pembina Pipeline to Buy 50% Stake in Canada's Proposed Cedar LNG
Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada's proposed Cedar LNG Project to develop the floating LNG facility in British Columbia in partnership with indigenous group, The Haisla Nation.
Third Coast Midstream Announces Sale of Final Non-Gulf Coast Related Assets
Third Coast Midstream announced that on Tuesday, one of its subsidiaries completed the sale of Third Coast Midstream's final non-core asset, and the company has fully reached the goal of becoming a Gulf of Mexico and Gulf Coast-focused midstream company.
- 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
