Business News

Developers Cancel Long-Delayed Atlantic Coast Pipeline

The developers of the long-delayed, 600-mile (965-km) Atlantic Coast Pipeline canceled the multistate natural gas project, citing recurring litigation, permitting uncertainties and mounting costs.

Energy Transfer Vows to Keep Dakota Access Oil Flowing

Energy Transfer has vowed to fight a court order to shut down and empty the Dakota Access oil pipeline (DAPL), contending that U.S. District Judge James Boasberg overstepped his authority with the ruling.

Trump Administration Rolls Back Curbs on Methane Emissions

The Trump Administration will officially roll back regulations concerning methane emissions from oil and gas operations on Thursday.

Gas Utility Pushes Back in Court on California Energy Policy Document

Southern California Gas is asking a state court to force the revision of a document being used by the government to phase out natural gas in California.

Oil Rises After Bigger-Than-Expected Drop in U.S. Inventories

Benchmark prices for oil rose on Tuesday after an industry report showed a larger drawdown of U.S. crude inventories than analysts had expected.

U.S. Department of Energy Announces $33 Million for Natural Gas Pipeline Retrofitting Projects

The U.S. Department of Energy has announced over $30 million in funding to develop technology to rehabilitate aging natural gas pipelines.

PennEast Pipeline Receives Favorable Environmental Review from Regulators

The U.S. Federal Energy Regulatory Commission has approved an amended construction plan for Enbridge's PennEast natural gas pipeline.

Nigeria Opens Pipeline, Depot Repair to Private Investors

Nigeria's state oil company NNPC is seeking bids for companies to perform repairs to its pipeline infrastructure and depots serving its oil refineries.

Judge Gives U.S. Three Weeks to Detail Dakota Access Pipeline Options

A federal judge has ordered the U.S. Army Corps of Engineers to provide options for resolving the loss of a permit for the Dakota Access oil pipeline by the end of the month.

New Jersey Utility Company Cancels Natural Gas Pipeline Project

A utility company has canceled a plan to expand a Kinder Morgan pipeline and opted instead to utilize existing infrastructure to meet its needs.

Problems Plagued U.S. CO2 Capture Project Before Shutdown - DOE Document

Mechanical problems and missed production targets, combined with the market collapse due to the coronavirus pandemic, contributed to the shutdown of a $1 billion carbon capture project in Texas earlier this year.

U.S. LNG Firms Take Steps to Add Export Capacity Despite Coronavirus

U.S. LNG companies have taken steps to increase export capacity even as a collapse in energy demand has collapsed around the globe due to the coronavirus pandemic.

Ukraine Says no Plans to Resume Gas Purchases from Russia

Ukraine has said it would not resume buying natural gas supplies from Russia until Moscow offers competitive terms and pricing.

FERC to Decide on Marathon Alaska LNG Import Project by Year End

U.S. energy regulators said on Wednesday they plan to make a decision on Marathon Petroleum Corp’s plan to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal by the end of the year.

U.S. LNG Exports Set to Rise for First Time in Six Months

U.S. exports of LNG are set to rise in August for the first time in six months according to industry experts, sending the price of gas to a three-month high on Monday.

Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline

Equitrans Midstream confirmed on Tuesday that the company plans to start up its Mountain Valley natural gas pipeline by early 2021.

Petroperu Resumes Pipeline Operations After Coronavirus-Related Halt

Peru's state-run energy firm Petroperu has restarted pipeline operations after being halted due to concerns over the coronavirus.

National Fuel Completes Acquisition of Shell Pennsylvania Upstream and Midstream Assets

National Fuel announced it has completed the purchase of upstream and midstream assets in Pennsylvania from a subsidiary of Shell.

MPLX Sees $100 Million Earnings Hit if Bakken Oil Pipelines Shut

MPLX, the midstream branch of energy firm Marathon, announced it could begin losing $100 million a year if closures of two North Dakota pipelines were to take effect.

Shell Midstream Cuts Costs as Demand Destruction Hits U.S. Pipeline Flows

Shell Midstream has announced spending cuts as demand fell across many of its U.S. pipeline operations.

Poland Fines Gazprom $57 Million Over Nord Stream 2

Gazprom has been fined nearly $60 million by Polish energy regulators for failing to cooperate with requests regarding the Nord Stream 2 pipeline.

Dominion Overhauls Leadership, Announces New CEO

Dominion Energy on Friday announced a reorganized executive leadership team, including a new CEO, as it reported a $2.8 billion second-quarter charge related to the cancellation of the Atlantic Coast natural gas pipeline.

U.S. Crude Output in May Plummets by Record 2 Million Barrels per Day

Data from the U.S. Energy Information Administration shows domestic crude output experienced its sharpest drop in 15 years in May.

Enbridge Sued by Victims of Kentucky Pipeline Explosion

Victims of a fatal pipeline explosion in Kentucky last year have sued the line's operator, a subsidiary of Canadian energy giant Enbridge, alleging the company failed to properly maintain the line.

U.S. Keen to Ensure Russian Pipeline Does not Threaten Europe — Pompeo

The U.S. Secretary of State Mike Pompeo told lawmakers on Thursday that the U.S. will do everything it can to ensure Russia's Nord Stream 2 natural gas pipeline does not pose a security threat to Europe.

Trump Allows Keystone Pipeline to Ship More Canadian Oil After Expansion Stalls

President Donald Trump has issued a presidential permit to allow TC Energy's Keystone oil pipeline to ship nearly 30% more Canadian crude as the company's' proposed expansion of the pipeline has again been stalled by legal hurdles.

Enbridge Sees Improving Mainline Oil Volumes

Canadian pipeline operator Enbridge on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.

Once Canada's Oil Relief Valve, Rail Shipping Grinds to Near Halt

Crude-by-rail shipments in Canada, which hit record highs just five months ago, have all but come to a halt as global energy demand has plummeted opening up transport space on much cheaper pipelines.

China's Surging Crude Imports Mask Weakness in the Rest of Asia: Russell

Although China has been importing large amounts of crude oil in recent months, imports into the rest of Asia remain weak.

Work Completed on World’s Longest Hydraulically Inserted Pipe

The world's longest hydraulically inserted pipe has been installed nearly 100 feet below the Humber River in Northern England.