Regions

New England Power Prices Jump to 4-Year High as Region Freezes

Power prices in New England jumped to their highest since January 2018 as homes and businesses cranked up their heaters to escape the region's coldest day of the winter.

Worrying About Moving More Swiftly than Usual

In January 2020, Russia’s government approved a number of acts concerned with rendering new economic benefits and subsidies to businesses or investors willing to engage in projects in the country’s High North.

Russia Making Moves Affecting the Arctic’s Hydrocarbon Future

This is Part 2 of PGJ's article on Russia’s moves under its Strategic Development Act. The strategy gives particular significance to Murmansk Oblast, emphasizing a broad range of complex and multifaceted transformative measures targeting this province.

German Social Democratic Party Official Defends Pro-Nord Stream 2 Policy

The Nord Stream 2 pipeline to bring Russian gas to Germany should not be mixed up with political and human rights disputes with Moscow, a senior official from the Social Democratic Party said.

Mexico Attorney General Seeks Up to 39 Years Prison for Ex-Pemex Boss

Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos for his role in a corruption scandal.

Gas Prices Rise as Russian Pipeline Stays in Reverse After Three Weeks

A pipeline that usually sends gas from Russia to Europe was stuck in reverse after three weeks on Monday, pushing up prices in Europe at a time of political tension.

Enterprise Products to Buy Navitas for $3.3 Billion to Boost Natural Gas Pipeline Network

Pipeline operator Enterprise Products Partners said on Monday it would buy Warburg Pincus-owned Navitas Midstream for $3.25 billion in cash.

Oil Slips, But Gains 5% in the Week on Kazakh, Libyan Concerns

Production in Libya has dropped to 729,000 barrels per day from a high of 1.3 million bpd last year, partly due to pipeline maintenance work.

Gas Flows Eastward via Russian Yamal Pipeline for 18th Day, Volume Eases

The Yamal-Europe pipeline was flowing east from Germany to Poland on Friday for an 18th successive day, albeit at marginally lower levels than on Thursday.

US Northeast Power, NatGas Prices Jump as Snowstorm Batters Region

Northeast power and natural gas prices jumped to their highest since January 2018 as homes and businesses crank up their heaters during the region's first big snowstorm.

Williams Delivers Record Volumes Through Expanded Transco Gas Pipeline System

Williams announced that it recently delivered a record amount of natural gas on its Transco interstate pipeline, due to continued expansions on the pipeline.

BBL Pipeline to Reduce Reverse Flow to Zero Starting Saturday

The BBL gas pipeline between the Netherlands and Britain will reduce its reverse flow day-ahead and within-day capacity to zero from Saturday.

US Worried Nord Stream 2 Sanction Plan by Cruz Would Undermine United Front

The State Department is worried that a vote to slap sanctions on the Nord Stream 2 natural gas pipeline would undermine the united front in response to Russia.

Up to $3 Billion Worth of Shell's Nigerian Oil Assets Attract Interest from Local Firms

At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's onshore oilfields in a sale that could fetch up to $3 billion.

Extreme Cold Grips Much of Western Canada, Hits Restart of Key Pipeline

Icy weather across western Canada has hampered efforts to restart a key oil pipeline and will persist at least until Friday before temperatures rise, weather forecasters said on Thursday.

Caspian Pipeline Consortium Says it is Operating Normally

The Caspian Pipeline Consortium, a group which runs Kazakhstan's crude oil blend to export terminals, continues to operate normally amid the state of emergency.

TC Energy's 590,000-bpd Keystone Pipeline Resumes Operations

TC Energy's 590,000-barrels-per-day Keystone oil pipeline resumed operations after it was shut the previous evening for unplanned maintenance.

European Gas Prices Rise with Russian Pipeline Stuck in Reverse

European gas prices rose on Wednesday as gas flowed eastwards for the 16th successive day along a pipeline that usually sends deliveries from Russia to Europe.

Venezuela Halts a Free-Fall in its Oil Exports as Output Recovers

Venezuela last year halted the steep drop in oil exports that had crimped state oil firm PDVSA's ability to pay suppliers and sustain output.

Iran Leads Midstream Project Starts in the Middle East by 2025, GlobalData Projects

Iran is likely to set to start operations at 27 midstream oil and gas projects between 2021 and 2025, accounting for 22% of upcoming midstream projects in the Middle East.

Uniper Secures $11 Billion of Credit to Cope with Gas Volatility

German utility Uniper has secured credit facilities worth 10 billion euros from parent Fortum and bank KfW in a move to cope with unprecedented volatility in energy markets.

Russian Gas Transit Via Ukraine Fell 25% in 2021

The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine's struggling economy.

Gas Prices Surge in Europe Over Tight Russian Supplies

European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.

Gas Flows Eastward Via Russian Yamal Pipeline Jump

Natural gas supplies via the Yamal-Europe pipeline, which usually sends Russian gas west into Europe, jumped on Tuesday in direction of Poland from Germany.

US NatGas Gains Over 2% on Rising Demand, Lower Output

Gas output in the Lower 48 states slipped to an average of 94.8 billion cubic feet per day so far in January from a record 97.6 Bcfd in December. Much of that production decline was in Texas and occurred on Sunday.

Oil Rises Above $78 on Optimism About 2022 Outlook

Oil gained some support from an outage in Libya. Oil output will be cut by 200,000 barrels per day for a week due to pipeline maintenance.

Russian Gas in Yamal Pipeline Flows East for 14th Day

The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Monday for a 14th straight day.

Gas Flowing East From Germany Via Yamal Pipeline for 13th Day

The Yamal-Europe pipeline which usually sends Russian gas west into Europe was flowing east from Germany to Poland on Sunday for the 13th straight day.

Ecuador State-Owned Oil Pipeline Restarts Pumping Operations

Ecuador's state-owned SOTE oil pipeline has restarted pumping after works to address erosion in the country's Amazon region were completed.

Colombia Knocks Out Two Illegal Oil Refineries Belonging to Rebel Army

Colombian security forces neutralized two clandestine refineries in the country's northeast which belonged to the rebel National Liberation Army, the defense ministry said.

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