Regions

Brazil's Petrobras Forges Ahead with Midstream, Downstream Divestments

Speaking to investors on Friday, executives at Petrobras, Brazil's state-run oil firm, said the company is moving forward with the IPO of its gas pipeline assets and expects to conclude a deal for its RLAM refinery in the near future.

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.

U.S. Natgas Demand Up as Total Energy Use Hits 30-Year Low

U.S. natural gas consumption defied trends through the pandemic days of April 2020 with a year-over-year increase during a month in which total energy demand fell to a 30-year low.

Trump Seeks out Loyal Donors in West Texas Oilpatch

President Donald Trump's visit to a U.S. fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut that is putting the squeeze on his loyal donors in the petroleum industry.

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.

Pipeline Doubts put Bakken Shale Reboot on Hold

North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of the region's oil, executives and analysts said.

Kuwait's KIPIC Starts Operation of Gas Line Feeding Al-Zour

Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday.

China Starts Building Southern Section of East-Route Pipeline

Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia, PipeChina announced Tuesday.

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.

Pipeline Rupture Halts Gas Flows from Bulgaria to Greece

Gas flows on a pipeline in southern Bulgaria which transports Russian natural gas to Greece were halted on Monday due to a rupture in the pipeline.

China's Sinopec Seeks Long-Term LNG as Prices Remain Low

Taking advantage of near-record low prices for LNG, China's Sinopec is seeking to sign 10-year delivery contracts to take delivery beginning in 2023 according to several sources.

PipeChina to Take on $56 Billion of Pipelines to Boost Network Access

China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.

Kinder Morgan Reports Loss After $1 Billion Charge

Kinder Morgan reported a second-quarter net loss of $637 million after downgrading the value of some assets due to the market impact of Covid-19.

PetroChina to Sell Major Pipeline Assets to PipeChina for $38 Billion

China's state-owned oil firm PetroChina has announced it is selling its oil and gas pipelines and storage facilities to the country's new midstream company China Oil and Gas Pipeline Network (PipeChina) for nearly $40 billion.

Zurich Insurance Drops Coverage for Trans Mountain Oil Pipeline

Insurance company Zurich has declined to renew its coverage of the Trans Mountain oil pipeline.

Delayed Romanian Black Sea Gas Projects Pose Risk to Pipeline

Romania is looking to finalize plans to build a pipeline through Eastern Europe but delayed plans to extract gas from the Black Sea leave the project in doubt.

EIA Forecasts Year-Long U.S. Petroleum Demand Recovery

The U.S. Energy Information Administration predicts that U.S. petroleum consumption will continue to recover through the end of this year but won't reach pre-pandemic levels until August 2021.

Petrobras Sells Remaining Stake in TAG to Engie Brasil, CDPQ

Petrobras, Brazil's state-owned oil company, has agreed to sell its remaining stake in natural gas pipeline company TAG Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).

Williams Receives Approval for Mid-Atlantic Pipeline Expansion

The Federal Energy Regulatory Commission has approved capacity expansion on William's Leidy South natural gas pipeline.

Israel Approves Pipeline Deal to Sell Gas to Europe

Israel has approved an agreement with European countries to build the Eastmed pipeline to supply gas to Europe from the eastern Mediterranean.

Total Signs $14.9 Billion in Financing for Huge Mozambique LNG Project

French oil major Total has signed a financing deal worth nearly $15 billion for its massive LNG project in Mozambique.

Czech Gas Firm Scales Back Poland, Austria Interconnector Plans

Net4Gas, a Czech gas pipeline operator, has scaled back and delayed plans to build new pipeline connections with Poland and Austria according to the company's new investment plan.

U.S. Extends Sanctions on Companies for Work on Russian Pipelines

U.S. Secretary of State Mike Pompeo announced on Wednesday that the country will be extending sanctions against companies working on two major Russian pipelines if the firms do not halt their work.

Iran's Oil Storage Almost Full as Sanctions, Pandemic Weigh

As U.S. sanctions and the coronavirus pandemic take its toll on Iran, the country has been forced to cut back its oil production due to a decreasing amount of storage.

Natural Gas Efficiency Programs Pay Off in Reduced Costs, Carbon Emissions

North American natural gas utilities have been spending nearly $4 million a day for programs to make customers more efficient use of the fuel. A new study shows those investments are paying off.

Fighting on Azerbaijan-Armenia Border Raises Pipeline Concerns

Several Azeri soldiers have been killed and Armenian soldiers and police wounded in border clashes, both countries said on Monday, in an area near several pipeline crossings.

Nigeria Will Boost Compliance with OPEC+ Cuts — SPA

In a call with Suadi Arabia's oil minister, his Nigerian counterpart confirmed that his country would comply 100% with the agreed-upon OPEC+ production cuts and will compensate for their overproduction in May and June.

Russia's Blue Stream Gas Pipeline to Turkey Idle Since May — Sources

Russia's Blue Stream gas pipeline, which transports gas to Turkey, remains shut after scheduled maintenance was completed at the end of May.

Cyprus to Get First Natural Gas Import Terminal

Cyprus officially began work Thursday on the country's first-ever natural gas import terminal.

Zhejiang Wins China's First Private Fuel Export License — Sources

Zhejiang Petroleum & Chemical Co has been granted a license to export fuel from the country to the international market, a first for a private oil company in the country.