Business & Markets

Equinor LNG Plant Broke Rules Ahead of 2020 Fire, Watchdog Says

Equinor must fix a series of rule breaches exposed by a fire at its Melkoeya LNG plant in Norway last year for the plant to reopen, the country's safety watchdog said on Thursday.

New SGA Chair Focuses on Evolving Role of Natural Gas

In this interview, SGA Chair and Southern Star Central Gas Pipeline President and CEO Jimmy Staton discusses the concerns of the SGA membership, adapting to a new president’s agenda, improving the public’s perception of the natural gas industry and other topics.

Saudi Aramco to Refinance $10 billion Revolving Loans

Saudi Aramco is expected to refinance a $10 billion debt facility raised in 2015, two sources said, in what would be the oil giant's third major foray into the loan market this year.

Kinder Morgan Raises Outlook as Profit Surges on Winter Storm Demand

Kinder Morgan posted a quarterly profit that breezed past estimates, helping the U.S. pipeline operator raise its annual earnings forecast, on a demand surge for natural gas and electricity during the February winter storm.

Natural Gas Consumption to Continue Decreasing, EIA Projects

EIA’s April Short-Term Energy Outlook forecasts decreased total U.S. natural gas consumption in 2021 and 2022 following a decline in 2020.

European Hydrogen Backbone: How a Dedicated Hydrogen Infrastructure can be Created

This paper presents the European Hydrogen Backbone (EHB): a vision for a truly European undertaking, connecting hydrogen supply and demand from north to south and west to east.

Perspective: Oil Execs, Environmentalists Could Support Hydrogen for Climate Solution

Some see hydrogen as a potential substitute for hard-coal coke in making steel. It also offers energy companies a future market using processes they know. It can be liquefied, stored, and transported through existing pipelines and LNG ships, with some modifications.

Fluxys Partners with Brazilian Gas Transmission System Operator TBG

Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.

Dakota Access Argues Pipeline Closure Would Cause "Economic Shock"

The operators of the DAPL argued to a federal court that the system's shutdown would be even more harmful than previously anticipated, in their final plea to keep the line open after a key permit was scrapped.

PipeChina's Cost-Sharing Plan Reduces Importer Interest for LNG Terminal Slots

Most companies shortlisted for PipeChina's LNG import terminal slots are backing off from a deal as new terms proposed by the gas pipeline operator threaten to jack up costs, trade sources said.

Gulf of Mexico Crude Oil Production Will Increase with New Projects in 2021 and 2022

By the end of 2022, the EIA projects 13 new projects could account for about 12% of total Gulf of Mexico crude oil production, or about 200,000 bpd.

Med Red Land Bridge Inaugurates Operations Through EAPC Pipeline Network

The crude carrier contracted with Med-Red Land Bridge Company represents the first tanker to utilize the recently recommissioned 242 km (150 mi) pipeline owned by Europe Asia Pipeline Company.

Feds Critical of GOM Pipeline Abandonment Policy

The U.S. Government Accountability Office released a report that found the Department of Energy does not have “a robust oversight process” for ensuring the integrity of about 8,600 miles of active offshore oil and gas pipelines on the sea floor of the Gulf of Mexico.

Ukraine Faces Potential May Diesel Shortage, Traders Say

Rosneft, which supplied about 1.75 million tons of diesel to Ukraine last year via pipelines and railways, does not plan to resume exports next month and Belarus Mozyr refinery is set for planned maintenance from May 15 to June 15, traders said.

Project Canary to Measure Greenhouse Gases from Rio Grande LNG Facility

NextDecade Corporation and Project Canary announced the formation of a joint pilot project for monitoring, reporting, and measurement of the greenhouse gas intensity of LNG to be sold from NextDecade’s Rio Grande LNG export facility in Brownsville, Texas.

February's Cold Weather Shut More U.S. Refinery Capacity Than Hurricane Harvey

A severe cold spell in mid-February knocked out a third of U.S. oil refining capacity, according to data compiled by Reuters and Wood Mackenzie.

Asian LNG Spot Prices Rise as China Replenishes Inventories

Asian spot prices for LNG rose this week as China, Japan and South Korea sought supply in an early move to stock up for winter, industry sources said.

China's 2021 Fuel Exports to Surge 32% as Refining Capacity Swells

Gas imports are forecasted to rise 12.5% to 158.5 bcm this year, with pipeline gas at 55 bcm and LNG at 103.5 bcm.

Pieridae Still Plans Investment Decision on Nova Scotia LNG Export Plant by Late June

Canadian energy company Pieridae Energy Ltd said on Thursday it continues to work toward making a final investment decision (FID) by June 30 to build its proposed Goldboro LNG export plant in Nova Scotia.

Newer-Technology Natural Gas-Fired Generators Utilized More Than Older Units in PJM

The rapid development of shale gas resources in Pennsylvania, Ohio, and West Virginia has contributed to sustained low natural gas prices and encouraged the construction of natural gas-fired power plants.

Aramco Pipeline Investors to Refinance Loan with Bonds Next Year

EIG will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said.

RWE Plans to Bring Australian 'Green' Hydrogen to Europe

Germany's RWE plans to bring hydrogen produced in Australia to Europe, as big energy firms look to create new global routes for the cleaner alternative to fossil fuels.

Feasibility Analysis for Gazprom’s Soyuz Vostok Gas Pipeline Project Approved

The feasibility analysis regarding the construction project for the Soyuz Vostok gas trunkline was approved Monday, Gazprom announced.

Nikola, IVECO and OGE Plan Hydrogen Distribution by Pipeline

Nikola Corporation, IVECO and OGE announced they will collaborate to establish a business structure for transporting hydrogen via pipeline network from production sources to hydrogen fueling stations in support of fuel-cell electric vehicles (FCEVs).

Germany’s Uniper May Turn Coal Plant Site into Hydrogen Hub

German utility Uniper is studying the conversion of its coal-fired power plant site at Wilhelmshaven on Germany's North Sea coast into an import and electrolysis hub to tap into emerging demand for "green" hydrogen.

Canadian Crude Imports Fall 20% in 2020 Due to Pandemic

Imports of crude oil into Canada dropped 20% year-on-year in 2020 due to weak demand as a result of the COVID-19 pandemic, the Canada Energy Regulator said in an analysis.

Jacobs Awarded Owner's Engineer Role for LNG Terminal in Philippines

The project includes modifications to the jetty head, berthing and mooring facilities; a trestle bridge with high-pressure gas pipeline and utilities; and a jetty monitoring building and control room.

Carbon-Neutral or Green LNG: A Pathway Toward Energy Transition

As natural gas has a central role to play in mitigating carbon emissions, LNG producers have started to look for ways to minimize or counterbalance their carbon footprints, which ongoing LNG decarbonization efforts are likely to expedite.

Texas Oil Pipelines Face Dry Months as Production Languishes

By the fourth quarter, total utilization of the largest oil pipelines from the Permian is expected to drop to 57%, consultancy Wood Mackenzie said. The nadir during the last market bust in 2016 was roughly 70%.

Edge Computing Optimizes Pipeline Management

For midstream oil and gas companies, edge-computing platforms create opportunities that resolve long-standing problems and effectively enable real-time data in asset management and decision-making,