Regions

TC Energy: Keystone XL Pipeline Fits Biden Agenda

The creation of union jobs and support by Indigenous investors will help convince U.S. President-elect Joe Biden that the Keystone XL pipeline fits into his “Build Back Better” agenda, an executive with TC Energy said.

Explainer: What's Happening With the Keystone XL Project?

TC Energy Corp is continuing to advance its Keystone XL oil pipeline, the $9 billion project that would move oil from the province of Alberta to Nebraska. Here's an overview of the project status.

Oil Companies Tighten Nigeria Security as Protests, Job Losses Stoke Tension

Oil companies have asked Nigerian security services to tighten surveillance as more industry job losses may worsen desperation and aggravate problems of pipeline tapping, illegal oil refining and pirate attacks in the region.

Canadian Indigenous Group to Invest in Keystone XL Pipeline

Pipeline operator TC Energy said on Tuesday Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its long-delayed Keystone XL oil pipeline project.

New CO2 Tax Hikes Price of Natural Gas in Germany

Millions of German households will see their gas heating bills rise at the start of 2021 because of a new carbon dioxide tax, price comparison portal Verivox said on Tuesday, citing 7.1% average increases planned by 104 suppliers it surveyed.

First LNG Trains Delivered to Calcasieu Pass from Italy

Venture Global LNG moved a step closer to startup of its Calcasieu Pass LNG export facility with Baker Hughes’ delivery of the first two pre-built liquefaction trains to the project site in Cameron Parish, La.

Italy Drafts Guidelines for National Hydrogen Strategy

Italy has set out guidelines for a national hydrogen strategy to help de-carbonize the economy as it phases out coal and boosts renewables, a change that would rely on existing pipeline infrastructure.

Environmental Groups Appeal Illinois Approval of DAPL Expansion

Environmental groups are appealing a decision made last month by Illinois regulators to allow the expansion of the Dakota Access oil pipeline (DAPL), according to documents filed with the state.

Max Midstream Announces Binding Open Season

Max Midstream Texas announced it is launching an open season to solicit shipper commitments for services in the Eagle Ford region on its Seahawk crude oil pipeline.

China Bullish on Myanmar’s Gas Reserves, Pipelines

After many years of brokering deals and planning, China has managed to cement its place as the sole buyer of Myanmar’s massive Shwe Gas reserves. A new trans-Burma corridor now aims to secure oil imports from the Middle East and Africa.

Handling Pipe Remains Long-Standing Business for Montgomery Family

After startup in 1945 in Odessa, Texas, the family-owned pipeline stringing business that became MTI Logistics quickly expanded to unloading and stockpiling, and handling and storage of line pipe for construction projects.

Sonatrach to Expand Pipeline Network in New Contracts

Algeria’s national integrated oil and gas company Sonatrach’s short- to medium-term investment strategy has moved a notch higher after it signed contracts with six companies for construction of midstream, upstream and downstream projects

Tech Notes: Neptune Energy, Eserv Partner on Digitization of Cygnus Platform

Neptune Energy announced a new partnership with 3-D technology specialist, Eserv, as part of the ongoing digitalization of Neptune’s assets, including its operated Cygnus gas platform in the southern North Sea in the U.K.

Global News

OPEC Predicts Oil Demand to Plateau in Late 2030s World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.  ..

Bakken Restart: Back to Basics with Idle Wells

Abandoned wells have long been a part of the more-than-a-century-old American oil and gas industry, but industry and state regulators have become more thorough in mitigating and remediating these retired well sites.

Largest Capacity CO2 Pipeline Part of Expandable Capture, Storage System

A new system built to safely transport and permanently store CO2 is shifting how carbon is managed in the province of Alberta, Canada.

Michigan Governor Seeks Shutdown of Great Lakes Oil Pipeline

Michigan Gov. Gretchen Whitmer took legal action to shut down the Line 5 pipeline, which carries oil beneath a channel linking two of the Great Lakes.

Mexico Sets Condition for Sempra LNG Export Permit

Mexico will give the local unit of U.S.-based Sempra Energy an export permit for an LNG facility in northwest Mexico, as long as the company helps offset an oversupply of gas in the area, the president said on Friday.

Minnesota Approves Enbridge Line 3 Pipeline Project

Minnesota regulators approved Enbridge's $2.6 billion Line 3 pipeline replacement project, clearing one of the last remaining hurdles for U.S. construction to begin.

Callahan Pipeline Completed in Northeast Florida

Affiliates of Chesapeake Utilities and TECO Peoples Gas have completed the 27-mile Callahan Intrastate pipeline, underpinning natural gas service expansion in two Florida counties.

DAPL's Future Uncertain as Biden Presidency Looms

The election of Democrat Joseph Biden could create more headaches for the Dakota Access Pipeline's (DAPL) owners, who are already embroiled in legal battles to keep the main conduit for flowing oil out of North Dakota running.

Energy Transfer Sues North Dakota for Return of Documents

Dakota Access Pipeline developer Energy Transfer is suing for the return of thousands of documents held by North Dakota, saying the disclosure of those records could present a security risk.

Brent touches $45 on Vaccine Hopes and Storage Drawdown

Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine and U.S. crude storage drawdowns.

Tanker Traffic to Venezuela Suggests Oil Export Rebound

At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation's crude exports may rebound this month.

Iran Says it Exports 700,000 bpd of Oil, Later Denies

An Iranian official said Tehran exported up to 700,000 bpd of oil since March, but an Iranian news agency later quoted him as casting doubt on the figure, which had been kept secret as the country fights U.S. sanctions.

Nord Stream 2 Sanctions Included in U.S. Defense Bill

Sanctions that could hinder one of Moscow's most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday.

Firm Led by Former Alaska Governor Seeks to Take over LNG Project

Former Alaska Governor Bill Walker said this week he is a founding member of a firm that wants to take over the state's Alaska LNG export project and complete it by March 2028.

Biden's Environmental Agenda Could Push Oil Prices Higher - Vitol CEO

The world's largest oil trader Vitol expects the Biden presidency's environmental policies could push oil prices higher over the long term as supplies fall.

Russia's Gazprom Proposes Gas Price Rise for Poland

Poland's dominant gas company PGNiG said its biggest supplier, Russia's Gazprom , had proposed increasing prices for its gas in an existing long-term delivery deal, at a time of heightened tensions between Moscow and Warsaw.

Ecuador Crude Output Reduced by Pipeline Ruptures, Budget Cuts

Ecuador expects its crude output to end 2020 "significantly" below initial expectations due to budget cuts at state oil companies and the rupture of two key pipelines earlier this year, Energy Minister Rene Ortiz said.