Business News

Lower Canada-U.S. Crude Flows Draws Down on Cushing Glut

Weakened crude oil flows from Canada to Cushing, Oklahoma have helped drawdown on a surplus of fuel at a major industry storage hub over the past two weeks, according to industry traders.

Sempra Says 6 Weeks Until Cameron LNG Plant in Full Service

Sempra Energy said it expects its Cameron LNG plant in Louisiana to be back in full service in six weeks after Hurricane Laura caused major power outages in the area.

PowerChina Eyes Rail Project to Transport Oil and Gas From Argentina's Vaca Muerta

Chinese energy firm PowerChina is in talks to finance a rail project to transport oil and gas from Argentina's Vaca Muerta shale play to the port city of Bahia Blanca,

U.S. Gas Futures Fall to 6-Week Low on Big Storage Build

U.S. natural gas futures fell nearly 10% to a 6-week low on Thursday as utilities injected more LNG than expected into storage.

Russian Ship Sails for Nord Stream 2 Supply Base in Germany

Recent tracking data showed a Russian ship heading towards the German base of Nord Stream 2 pipeline project as the Kremlin seeks to push forward with the project.

Nearly $14 Billion Ready to Invest in Post-COVID Economic Recovery — Report

A new report from the Consumer Energy Alliance details nearly $14 billion worth of economic activity is being threatened by delays, obstructions and cancellations of pipeline infrastructure projects.

Fossil Fuel Demand to Take Historic Knock Amid COVID-19 Scars — BP

BP is expected fossil fuel consumption to shrink for the first time in history as the pandemic has destroyed global energy demand and climate policies boost the development of renewable energy.

OPEC Cuts Oil Demand Forecasts

The OPEC group is predicted a continued slump in oil demand due to the difficulties facing many developing countries, particularly India, in containing and recovering from the coronavirus pandemic.

Argentina Pitches Pipeline to Brazil for Vaca Muerta Shale Gas

Officials in Argentina are planning to propose a multibillion-dollar pipeline project with Brazil to carry shale gas from Argentina's Vaca Muerta shale play to Brazil's gas distribution market.

German State Leader Says Nord Stream 2 Should not be Used to Punish Russia

The leader of the German state where the Nord Stream 2 pipeline is to come onshore has said the pipeline should not be used as punishment against the Kremlin for the poisoning of a ciritc of Russian President Vladimir Putin.

Uganda, Tanzania Sign Agreement for Pipeline Construction

Uganda and Tanzania have signed an agreement to build a crude oil export pipeline to carry Ugandan oil to an export facility in Tanzania.

Equitrans Considers Options Against EQT Corp in Pipeline Dispute

Equitrans Midstream said on Monday it is considering all options against its former parent company EQT over an ownership dispute of the Hammerhead Pipeline.

Inland U.S. Refinery Closures Good Magellan Pipeline Systems — CEO

The closure of some U.S. oil refineries will be a boon to Magellan Midstream's oil pipeline systems, the company's CEO said on Wednesday.

Plains All American CEO Sees Further Consolidation in Pipeline Industry

The CEO of Plains All American said on Wednesday that the pipeline industry should expect more consolidations in the near future as low oil prices continue to hinder growth in the industry.

Energy Transfer Expects Dakota Access Pipeline Expansion Operational by Late 2021

Energy Transfer told investors on Tuesday that it expects the expansion of its embattled Dakota Access oil pipeline to be operational by the end of next year.

Enterprise Abandons Texas Pipeline Project as Oil Prices Remain Weak

Enterprise Products announced on Wednesday it is canceling its $1.1 billion Midland-Houston oil pipeline due to the collapse in oil prices from the coronavirus pandemic.

Equitrans on Track to Finish Mountain Valley Pipeline in Early 2021

Equitans Midstream said on Tuesday that it remains on track to finish its nearly $6 billion Mountain Valley natural gas pipeline by early 2021.

Dominion Overhauls Leadership After Sale

Dominion Energy announced a reorganized executive leadership team after the cancellation of Atlantic Coast Pipeline and sale of its natural gas transmission and storage assets to an affiliate of Berkshire Hathaway.

LDCs Own Residential, Commercial Sectors but Pipelines Fuel Power: EIA

A new government report on the U.S. natural gas industry shows that local distribution companies (LDCs) supply 90% of natural gas to U.S. residential and commercial sectors, but pipeline companies handle the biggest volumes through direct delivery to electric power and industrial customers

Natural Gas Efficiency Programs Pay Off in Reduced Costs, Emissions

North American natural gas utilities have been spending nearly $4 million a day for programs to help residential, commercial and industrial customers make more efficient use of fuel.

Amid Challenges, Natural Gas Remains Growing Part of Energy Mix

According to S&P Global Market Intelligence, 120,498 MW of gas-fired capacity came online between 2008 and Aug. 1, 2019. Twenty percent of that was in 2018 and 2019 alone, and roughly 200 new gas plants have been proposed or are in development right now.

EPA Drops Methane Emissions Rule

The U.S. Environmental Protection Agency (EPA) announced it is dropping rules established in 2016 to limit methane emissions from oil and gas production and pipelines, a move that was applauded by the American Petroleum Institute but may have little effect on much of the industry.

Environmental Partnership Releases Report, Expands to Pipeline Companies

The Environmental Partnership expanded its membership to midstream companies and released its second annual report, highlighting the industry’s progress in reducing emissions of methane and volatile organic compounds (VOCs) and working together to protect the environment.

Permian Enters Uncharted Waters in Better Shape than Most Regions

With the Coronavirus crisis and its effect on upstream operations putting a damper on all segments of the midstream sector, some major projects in the Permian Basin appear to be moving forward, albeit at a slower and far more cautious pace.

ConocoPhillips Pulls Flaring Permit Extension Request at 41 Texas Sites

ConocoPhillips has withdrawn a request for Texas energy regulators to extend faring permits for 41 production sites in the state.

LNG Investments Vanish in 2020 as Coronavirus Slashes Oil and Gas Prices

For the first time in nearly two decades, some analysts believe that no new LNG export projects could be approved this year as the global coronavirus pandemic has destroyed oil and gas prices.

German Chancellor Dampens Talk of Halting Nord Stream 2 — Party Sources

German Chancellor Angela Merkel downplayed the possibility of halting Russia's Nord Stream 2 pipeline in response to the poisoning of a top Kremlin critic Alexei Navalny.

Anatomy of Frustration: Atlantic Coast and Dakota Access Pipelines

In early July, the U.S. pipeline industry faced down a one-two punch as the $8 billion Atlantic Coast Pipeline was canceled and a federal judge ordered the Dakota Access pipeline shut down.

And Our Readers Say …

A recent survey of Pipeline & Gas Journal readers showed a clear majority of respondents believe the lingering effects of the coronavirus and recent developments concerning Dakota Access and Atlantic Coast pipelines have dealt a serious one-two punch to midstream businesses.

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.