Regions
Naturgy Trims Earnings Growth Forecast as Power Prices Squeeze Margins
An expansion of the Medgaz pipeline that brings gas from Algeria to Spain will be completed by the end of the year, Naturgy said.
Nigeria's Aiteo Reports 'Extremely High Order' Oil Spill from Well
Nigeria's Aiteo Eastern E&P has reported an "extremely high order" oil spill from a jointly-owned well in the Niger Delta and has had to abort immediate efforts to control the leak due to the pressure emanating from the well head.
Russia Increases Gas Flows to Europe, and Prices Fall
Russia increased its flow of gas to Europe via Poland and Belarus as well as Ukraine on Wednesday, easing some of Europe's concerns about tight supplies before winter and pushing down wholesale prices.
Oil Prices Rise, With Few US Government Brakes Available
Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, also the highest in seven years.
23rd World Petroleum Congress Unveils United States Program
With the World Petroleum Congress back in the U.S. for the first time in decades, attendees will have a unique opportunity to hear in-depth discussions around specific areas where the U.S. is at the forefront.
Perspective: Would US Oil Reserve Sales Affect Prices Much?
Speculation is growing the Biden administration could order the release of crude from the Strategic Petroleum Reserve to lower oil prices after OPEC+ last week rejected calls to accelerate its output increases.
Uganda Planning Third Oil Licensing Round, Energy Minister Says
Uganda Energy Minister Ruth Nankabirwa Sentamu expects a law regulating an oil export pipeline will soon be finalized by parliament.
Wholesale Gas Prices Ease in Europe as Russian Gas Flows Resume
Wholesale gas prices fell in Europe on Tuesday after Russian gas flows resumed to Germany, raising hopes that Moscow is carrying out a pledge to increase supplies and ease concerns about shortages before winter.
Carbon+Intel: Indonesia Carbon Capture Storage Deal Could Need $500 Million
Deployment of carbon capture storage in Indonesia by American energy giant Exxon Mobil Corp could cost about $500 million, a senior official at Indonesia's state oil firm Pertamina said on Monday.
New Financing for 2 Key EU Pipeline Projects
In November 2019, European Investment Bank (EIB) adopted a new energy lending policy which agreed to phase out the financing of traditional fossil fuel energy projects by the end of 2021. Among the final pipelines that EIB will finance are two notable projects.
Colombia Oil Theft Surges as Smuggled Gasoline Dries Up, Data Show
Gasoline is a key component in making cocaine but there have been shortages of the fuel in Venezuela, so criminal groups in Colombia are tapping pipelines for ever more crude, which they must later refine.
Jitters in Europe as Russia Shows No Sign of Increasing Gas Supplies
Russia showed no sign on Monday of carrying out an order by President Vladimir Putin to pump more gas to Europe, deepening European concerns about tight supplies, high prices and energy dependence on Moscow as winter looms.
Russian Gas Flows Via Yamal-Europe Pipeline to Germany Halted Again
The reversal of gas flows through one of the three major pipelines carrying Russian gas into western Europe is the second time the situation has developed in a matter of days.
Tanzania GDP to Expand 5.2% in 2022 From Estimated 5% in 2021
The finance minister said the 2022/23 budget would focus on construction of a standard gauge railway, a 2,115-MW hydropower dam in eastern Tanzania, a crude oil pipeline from Uganda and an LNG processing plant.
Uniper CFO: Nord Stream 2 Completion Not Cure-All for Gas Market Woes
The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there are other factors at play.
Canadian Pipeline Companies Enbridge, TC Energy Report Higher Profits
Canada's largest pipeline companies Enbridge Inc. and TC Energy Corp. reported a rise in third quarter profits on Friday, helped by rising demand for oil and gas that boosted pipeline volumes.
Morocco's Options After Algeria Ends Gas Supply
Morocco says the immediate impact of Algeria ending gas supplies through a pipeline is "insignificant,” but it has not said how it will make up any shortfall while it adopts long-term plans to boost renewables and import LNG.
Added Transnational Oil Pipeline Capacity Could Reduce Crude Oil Shipped by Rail
Because the Line 3 replacement project increases the capacity to import crude oil by pipeline from Canada, this pipeline could reduce the need to ship crude oil from Canada by other modes, especially rail.
Russian Gas Flows to Germany Through Yamal Restart, Sending Prices Lower
Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, finally sending European gas prices lower since Russian gas has not flowed to Germany via the pipeline since Saturday.
California Looks to Natural Gas to Keep Lights on This Winter
After years of restricting the growth of fossil fuel infrastructure, California is looking to natural gas for power generation this coming winter after drought and wildfires leave the state with few options to keep the lights on.
Will Democratic-Run FERC Bless Use of ‘Social Cost of Carbon Tool’?
In a decision at the end of September, FERC staff handed the pipeline industry what could be a short-lived victory by approving three compressor stations – one new – in New Jersey and Pennsylvania.
Global News November 2021
In this month's global headlines, US Supreme Court Refuses Stay Request for Spire Missouri Pipeline, Summit Midstream Settles Criminal Pollution Charges for $36 Million and more.
Algeria Aims for Over 30% Share of European Gas Market
Algerian Energy Minister Mohamed Arkab said his country was seeking to increase its share of the European gas market to over the current 30%, state news agency APS reported.
Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion
The Iraqi oil ministry said on Wednesday the cost of a long-planned oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.
Russian Gas Pipeline Stuck in Reverse in Europe
A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through it into Germany were abruptly withdrawn, data on the website of its German operator showed.
Carbon+Intel: Pembina Pipeline Looks to Work with Rival Canada Carbon Capture Plans
Canada's Pembina Pipeline Corp. is asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan.
Israeli Pipeline Group EAPC Indicted Over 2014 Oil Spill
Israeli state-owned energy group Europe Asia Pipeline Company was indicted on Tuesday over a 2014 oil spill that severely damaged a desert nature reserve, the country's Justice Ministry said.
Russia's Yamal-Europe Pipeline in Reverse Flow Mode for 4th Day
The reversal, which neither Russia's Gazprom, Poland nor Germany have fully explained, has added to market nerves at a time when gas prices have skyrocketed in Europe.
New Regulations Place 400,000+ Miles of Gas Gathering Pipelines Under Federal Oversight
Historically, gathering lines have been lower-pressure, lower risk lines typically situated in rural areas. With the increase in fracking over the last 15 years, the volume of gas extracted and transported through gathering lines has increased significantly.
US Unveils Crackdown on Methane from Oil and Gas Industry
The Biden administration unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations, drawing cautious support from both environmental groups and drillers.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- US Poised to Become Net Exporter of Crude Oil in 2023
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
