Business & Markets

Oil Falls after Saudi Cuts Prices, China Slows Imports

Oil prices fell on Monday as Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and uncertainty over Chinese demand clouds the market's recovery.

Underwater: Australia's Oil Industry Faces New Indigenous Heritage Test

A discovery of ancient artifacts near a planned pipeline route off Australia's west coast has opened new challenges for energy companies to conserve indigenous heritage.

Merkel Doesn't Rule Out Sanctions on Nord Stream 2

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.

Hungary Signs Gas Deal with Shell, its First in the West

Hungary has signed a six-year deal to purchase 250 million cubic meters of LNG from Shell, its first gas deal with a western company.

Michels Corporation Selected by TC Energy to Build Facilities on Keystone XL

Michels has been selected by TC Energy to build several pump stations along the Keystone XL pipeline.

Chevron Delays Restart of Gorgon LNG Train for Additional Repairs

Chevron is delaying the restart of Train 2 at its Gorgon LNG plant in Western Australia until October to allow for additional repairs.

Germany Pressed to Rethink Nord Stream 2 Pipeline After Navalny Poisoning

The German government is feeling pressure to dampen its support for the Kremlin's Russia-Germany Nord Stream 2 gas pipeline after a major political opponent to Russian President Vladimir Putin was confirmed to have been poisoned with a Soviet-era nerve agent.

San Mateo Midstream Provides Pipeline, Black River LNG Updates

San Mateo midstream provided updates on Tuesday to several of its ongoing pipeline projects as well as on the expansion of its Black River LNG plant in New Mexico.

U.S. Department of Interior Requests Expedited Environmental Reviews for Energy Projects from Trump Administration

The U.S. Department of Interior has asked the Trump Administration to fast track environmental reviews for several major energy and infrastructure projects, including LNG facilities and pipelines.

Imperial Shuts Kearl Oil Sands Operations After Pipeline Outage

Imperial Oil announced on Wednesday it has shut production at its Kearl oil sands production site in Canada due to an outage on a third-party pipeline.

Enbridge Restores Offshore Pipelines After Hurricane Shutdown

Enbridge has restored operations on two of its offshore natural gas pipelines in the U.S. Gulf of Mexico after Hurricane Laura prompted shutdowns last week.

Brazil's Lower House to Vote on End to Petrobras Virtual Gas Monopoly, Encourage Pipelines

The lower house of Brazil's parliament is set to vote soon on legislation that would end the state-owned energy company Petrobras' virtual monopoly of the natural gas industry, opening up the sector, including pipelines, to private investment.

Phillips 66 Partners Announces Open Season for Gray Oak Pipeline

Gray Oak Pipeline has launched an open season to solicit transport interest on the Phillips 66 pipeline from West Texas to a new destination in Victoria, TX.

Cheniere Says no Storm Major Damage to Sabine Pass Facility, Pipelines

Cheniere Energy, the largest U.S. LNG producer, said on Monday that the company's Sabine Pass LNG facility and pipeline assets were not significantly damaged by Hurricane Laura.

Storm Knocks Out U.S. Gulf of Mexico Natural Gas Pipeline

Enbridge reported on Monday that the company's natural gas pipeline which serves four offshore production platforms in the U.S. Gulf of Mexico remained out of commission after Hurricane Laura devastated the area.

U.S. Regulator Backs Energy Transfer in Chesapeake Pipeline Dispute — Court Filing

Energy regulators sided with pipeline firm Energy Transfer in a dispute with bankrupt producer Chesapeake Energy after Chesapeake requested the cancellation of a $300 million transfer contract.

High Storage Levels Mean Weak Gas Prices Expected for European Winter

Analysts are expecting weak gas prices in the European market over the winter season as storage levels are already nearly full due to a sharp drop in demand early this year as countries went into lockdown to prevent the spread of the coronavirus.

Russia's Lukoil Suspends Uzbek Gas Exports to China Due to Weak Demand

An official from Russia's Lukoil said in a conference call on Friday the company has suspended gas deliveries to China from its projects in Uzbekistan due to weak demand amid the coronavirus pandemic.

U.S. Energy Exports Severely Disrupted by Hurricane Laura

Hurricane Laura severely impacted U.S. oil and gas exports this week as the Category 4 storm forced the closure of several facilities on the country's Gulf Coast.

Kinder Morgan Gets OK to Put Last Elba Island LNG Unit in Service

The Federal Energy Regulatory Energy Commission has granted a request from Kinder Morgan to put the final train at its Elba Island LNG plant into service.

Philippine Energy Chief Says LNG Projects Still on Track Despite Virus Delays

Four LNG import projects in the Philippines are still on track for approval despite "minor delays" due to the coronavirus pandemic, the country's energy secretary said on Thursday.

Pipeline Tunnel Supporters, Foes Clash Before Michigan Panel

Supporters and opponents of a tunnel to house an oil pipeline crossing the Straits of Mackinac in Michigan appeared before a regulatory panel on Monday to present their arguments.

Phillips 66 Shuts More Louisiana Facilities, Pipelines as Hurricane Approaches

Phillips 66 announced it is closing additional facilities in Louisiana in preparation of Hurricane Laura's landfall on Wednesday evening.

Hurricane Laura Poses Biggest Storm Threat to U.S. Oil and Gas in 15 Years

The oil and gas industry is shutting down production at facilities on the Texas and Louisiana Gulf Coast at a rate not seen since 2005's Hurricane Katrina as the region prepares for Hurricane Laura.

Investigation into Baltimore Explosion Finds Gas Utility Equipment Not to Blame

An investigation by Baltimore Gas and Electric into a recent fatal gas explosion in the city discovered that the company's pipes and equipment were not responsible for the blast.

Blackstone to Sell 40% Stake in Cheniere Limited Partnership

The Blackstone Group announced on Monday that it will sell about 40% of its stake in its limited partnership with Cheniere Energy.

Greece, Bulgaria Hail Deal Targeting Russia Gas Dominance

Greece and Bulgaria sought to reduce their reliance on Russian gas with the signing Monday of an agreement that will allow Bulgaria to participate in a planned LNG terminal in northeastern Greece.

Kinder Morgan Says Last Unit at Georgia Elba Island LNG Plant Ready

Kinder Morgan has asked regulators for permission to put its 10th and final train at Elba Island LNG facility in Georgia into service.

Terrorists Blamed for Pipeline Blast in Syria

An explosion on a main gas pipeline traversing the Middle East caused a blackout across Syria on Monday. Government officials said it was the result of a terrorist attack.

Mexico Asks Sempra to Build Second LNG Facility in Return for Approving Permit

The Mexican government has asked Sempra Energy to build a second LNG export facility in the country in return for approving a permit to build an initial facility.