North America
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.
Inter Pipeline Undecided on Strategic Options after Brookfield Offer
Canada's Inter Pipeline Ltd said no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.
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.
Ford Shuts North American Plants due to Weather, Gas Supply Interruption
Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.
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.
President Asks Mexicans to Ration Power as Texas Limits Fuel
Mexico's president asked consumers on Thursday to use less electricity in the evenings as a measure to help overcome shortages of natural gas from Texas, which is seeking to ban exports of the fuel during freezing weather.
Texas Oil Producers Still Shut; Governor Bans Natural Gas Exports
The Texas governor ordered a ban on natural gas exports from the state to try to speed the restoration of power, which could heavily impact Mexico.
U.S. LNG Exports Forecast to Exceed Pipeline Exports in 2022
EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022.
Northern Mexico Hit With $2.7 billion Blackout due to Texas Freeze
Factories across parts of northern Mexico on Tuesday reported $2.7 billion in losses from blackouts that extended to a second day on limited natural gas supplies from Texas, where a rare winter freeze has left millions of users without light or heat.
Energy Transfer to Acquire Enable Midstream for $7 billion
Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.
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.
Magellan Midstream Launches Open Season for Potential New Mexico Pipeline Expansion
The nearly 250-mile pipeline segment currently transports various grades of gasoline and diesel fuel from Magellan's terminal in El Paso, Texas to terminals in Albuquerque, New Mexico.
Texas Deep Freeze Hits Energy Sector
A deep freeze in Texas that started over the weekend continued to wreak havoc on the U.S. energy sector on Tuesday, grounding operations at the Houston Ship channel and curbing output in the nation's largest oil field in the Permian, while several of the biggest oil refineries remained offline.
Resurgent Canadian Natgas Producers Looking to U.S. Market
Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years.
Oil Prices Close to 13-month Highs, Supported by Texas Cold Snap
Oil prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe.
Oil Refineries Shut as Texas Energy Industry Reels from Deep Freeze
A deep freeze across Texas took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators.
Enbridge Raises Line 3 Replacement Cost Estimate by $1.1 billion
Enbridge Inc forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.
Mountain Valley Gas Pipeline Completion Expected by End 2021
Virginia natural gas company RGC Resources Inc's chief executive said the joint venture building the $5.8 billion-$6.0 billion Mountain Valley gas pipeline from West Virginia to Virginia expects to complete the project by the end of 2021.
Army Corps Attorneys Withdraw from Dakota Access Pipeline Case
An attorney at Earthjustice who represents the tribe said they hope the Biden administration will seek to close the line, but the departure of these attorneys should not necessarily be seen as a signal of that happening.
U.S. Pipeline Operator Energy Transfer to Tap into Alternative Energy
Traditional oil and gas companies are under increasing pressure to invest more in renewable energy and carbon-capture technology to battle climate change.
Chairman Says FERC will Add Environmental Justice Position
The chairman of the U.S. Federal Energy Regulatory Commission said on Thursday the panel will create a senior position on environmental justice, to make sure new energy projects, such as pipelines and liquefied natural gas facilities, do not unfairly harm minority communities.
Unsolicited, Brookfield Offers $5.6 billion for Canada's Inter Pipeline
Brookfield Infrastructure Partners L.P. made an unsolicited C$7.08 billion ($5.6 billion) offer on Wednesday to buy Canada's Inter Pipeline Ltd as it seeks to benefit from rebounding oil and gas demand, after an approach last year was rebuffed.
EIA: U.S. Crude Output to Fall More than Previously Forecast This Year
The U.S. government on Tuesday lowered its outlook for crude oil production in 2021 to 11.02 million barrels per day from 11.1 million bpd previously forecast, while oil prices rose on Tuesday for their seventh straight session of gains.
Senate Energy Leader Urges Biden to Reverse Keystone XL Opposition
The head of the U.S. Senate energy committee, Joe Manchin, urged President Joe Biden to reverse his opposition to the Keystone XL pipeline, saying the project provides union jobs and is safer than transporting the oil via trucks and trains.
Canada Plans Hydropower Push after Keystone Cancellation
With Canadian crude exports taking a hit from Biden's decision to scrap the Keystone XL oil pipeline, Ottawa is increasingly focused on sales of clean energy.
U.S. and Canadian Natural Gas Prices Rise During Arctic Freeze
Next-day gas for Monday rose to its highest since December 2018 at the Waha hub in the Permian basin in Texas where some producers were forced to pay others to take their gas when prices turned negative in October.
Bakken Facing Challenges in Coming Year
Going forward, the Bakken Shale region should continue to provide good opportunities for midstream companies in 2021, though it will face challenges recovering in the wake of the pandemic.
Alaska Seeks to Build Natgas Pipeline from North Slope to Fairbanks
The proposed $5.9 billion gas pipe would run roughly 500 miles (805 kilometers) from Prudhoe Bay to Fairbanks and could start delivering gas into central Alaska in 2025.
- 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
