Business & Markets

Rolling Back Trump's Rollbacks: Biden Seen Reversing Climate Deregulation

Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier.

Oil Pipeline Catches Fire in Western Siberia

A pipeline at an oilfield operated by a subsidiary of Gazpromneft, the oil arm of Russian gas producer Gazprom, burst and caught fire early on Saturday.

Italy's Snam Takes First Steps into India with Hydrogen, Gas Deals

Italian gas group Snam has taken its first steps into India by signing a series of deals involving hydrogen and low-carbon mobility projects, the company said.

Oil Steady as U.S. Election Uncertainty Dominates Markets

Oil prices were largely steady on Thursday as Democrat Joe Biden edged closer to the White House in a close U.S. presidential election, though doubts remain over further huge stimulus to bolster the economy in the face of the coronavirus crisis.

Azerbaijan to Proceed with Gas Pipeline Extension, Despite War

Azerbaijan will press ahead with plans to feed natural gas into an extended pipeline network to southern Europe, a senior official said, even as conflict rages for a sixth week in the enclave of Nagorno-Karabakh.

Favoring Gas, Philippines Shuts Door on Coal Power Proposals

The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.

Coronavirus Surge Throws Oil Recovery into Reverse

Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.

Republicans Retain Tight Grip over Texas Oil and Gas Regulator

A Texas Republican businessman swept to victory in the Texas Railroad Commission over a Democratic energy lawyer who had sought to put climate change on the state energy regulator's agenda.

China to Step Up E&P, Pipeline Construction

China said it plans to step up its exploration of oil and gas, and speed up the construction of oil and gas pipelines and storage facilities, according to the official Xinhua News Agency.

Gazprom Files Appeal in Poland Against Hefty Nord Stream 2 Fine

Gazprom filed an appeal in a court in Poland on Wednesday to challenge a hefty fine imposed on it for its part in the Nord Stream 2 pipeline, the Russian gas producer said.

Oil Rises 2% but Traders Brace for Wild Ride After U.S. Election

Oil prices rose near 2% on Tuesday, advancing with other financial markets on U.S. Election Day, although traders were bracing for volatility depending on the voting results and as surging coronavirus cases around the world fed worries about fuel demand.

French Power Utility Engie Pulls Out of U.S. LNG Deal

French gas and power utility Engie has pulled out of a major U.S. LNG import deal after government concerns about its environmental implications.

CenterPoint Completes $240 Million Pipeline Modernization Plan, Seeks Cost Recovery

CenterPoint Energy's Southern Indiana Gas and Electric utility has asked regulators for a rate increase to recover the costs of its 7-year, $240 million natural gas pipeline modernization plan.

New GSPL Pipeline to Boost Gas Transmission Volumes in India

Gas transmission by India's Gujarat State Petronet Ltd will rise by about 25% in the next fiscal year as it links northern regions to an existing grid in the western state, a company official said.

Centurion Group Awarded Keystone XL Contract

Alberta-based Centurion Group announced that it has been awarded a contract for right-of-way work on a significant U.S. portion of the Keystone XL Pipeline.

Judge Dismisses Defamation Claim by Dakota Access Protester

A federal judge has dismissed part of a lawsuit by a New York City woman who was severely injured in an explosion while protesting the Dakota Access oil pipeline in North Dakota four years ago.

INGAA's New CEO Stresses Great Industry Engagement

In this month's Executive Commentary, INGAA's new president and CEO, Amy Andryszak, shares her thoughts on her new job, new regulatory policies and the need for pipeline companies to engage the general public.

Frontier's Beta Crude Connector Announces Open Season

Beta Crude Connector, through its manager, Frontier Midstream Solutions IV, announced an open season for its BCC system crude oil pipeline located in West Texas.

Freeport LNG Loads 100th Cargo

Freeport LNG today announced that it has loaded its 100th LNG cargo, which departed from Freeport LNG's terminal on Saturday.

EU Set to Deny Gas Power Plants a Green Investment Label

Power plants fueled by natural gas will not be classed as a sustainable investment in Europe, unless they meet an emissions limit that none currently comply with, according to draft European Union regulations.

Canada Opens Oil Taps as Demand Grows, Curbs Lift

Canadian crude producers are churning out extra barrels to finish their hardest year in decades on a higher note, after Alberta's government lifted restrictions and as demand for heavy oil surged.

Oil Prices Rise as U.S. Presidential Election Looms

Oil prices gained nearly 3% on Monday, rebounding from several days of losses built on concerns of rising coronavirus cases, one day before the end of U.S. presidential election voting.

Funds Sell Oil on Fears of Virus-Driven Economic Double Dip

Hedge funds sold petroleum last week as the rising number of coronavirus cases in the United States and Europe fueled fears of a double-dip recession hitting oil consumption.

Dresser NGS Expands Product Line with Acquisition of Flow Safe

Dresser Natural Gas Solutions has acquired Flow Safe in a move that enables the Houston-based measurement and instrumentation provider to offer over-pressure protection for its natural gas customers.

U.S. Drillers Add Oil and Gas Rigs for Third Straight Month

U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.

Oil Falls on Demand Concerns, Posts Second Monthly Decline

Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption.

Losses Mount for Oil Companies as Pandemic Grips Economy

Already struggling with weak prices from oversupply, the pandemic has intensified the pain for oil and gas companies.

Shell Midstream's Revenue Slides During Active Storm Season

Shell Midstream Partners said third-quarter revenues took a $10 million hit during hurricane season, which is likely to cause more financial damage through the end of the year.

Russia's Gazprom Seeks More Capacity to Transport Gas Through Ukraine — Naftogaz

The head of Ukraine's state natural gas firm Naftogaz said Russia's Gazprom has approached them seeking to book more transport capacity on its natural gas pipelines to Europe.

U.S. Energy Secretary Doesn’t See Oil Production Returning Soon to Pre-Pandemic Levels

The U.S. Secretary of Energy told reporters at an industry conference on Wednesday that he does not expect the country's oil output to return to pre-pandemic levels until at least after 2021.