Business & Markets

Alberta Oil Curtailments to End 'No Later' Than This Time Next Year — Premier

The premier of Alberta, Canada's top oil-producing province, said this he hopes to end government curtailments on oil production by this time next year "at the latest."

U.S. FERC Approves Construction of Four LNG Export Projects in Texas

The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved the construction of four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity.

ESPO Pipeline Expansion Nears Completion, Asia-Pacific Counts for a Third of Russian Oil Shipments

Russia is about to complete a fresh expansion of its oil pipelines to the Pacific coast that will cement its role as a top Asian supplier and allow it to ship a third of its total oil exports to Asia-Pacific markets.

NuStar Energy Announces Binding Open Season for Permian System Expansion

NuStar Energy has announced an open season for expansion of its Permian crude pipeline system.

Canadian Competition Bureau Clears Pembina Purchase of Kinder Morgan

Pembina Pipeline Corp has received approval from Canadian authorities to purchase Kinder Morgan Canada.

Thousands of Canadian National Railway Workers Go on Strike

About 3,000 railway workers for Canadian National Railway have gone on strike after the labor union failed to reach a deal with the country's largest railroad operator over employment contracts.

Nigerian Pipeline Shut Due to Sabotage

Nigeria's Nembe Creek oil trunk pipeline has been shut down due to sabotage, a spokesman for the operator Aiteo said on Tuesday.

EIA: U.S. Set Records for Natural Gas Production, Consumption, Exports in 2018

The U.S. Energy Information Administration (EIA) said Monday that its Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.

Uzbekistan May Sell Stakes in State Energy Firms

Uzbekistan may soon sell shares in some its biggest state energy and mining companies, including pipeline operator Uztransgaz, the head of the state asset management body said.

Alternative to Congested Pipelines at Risk as Canada Rail Strike Looms

Canada's Teamsters notified Canadian National Railway of plans to strike Tuesday after a stalemate in contract negotiations, threatening an important shipping alternative to congested pipelines for Alberta's oil producers.

Gazprom Proposes Short-Term Gas Deal with Ukraine

Russia's Gazprom said it has sent a letter to Ukraine formally proposing either to extend a current deal supplying gas to the country for its own use and for transit to Europe or to sign a new one-year agreement.

At Least 7 Killed in Gas Explosion in Bangladesh

At least seven people were killed and eight injured on Sunday after a gas pipeline exploded in the Bangladeshi port city of Chittagong, a police official said.

Dominion's Cove Point LNG Terminal Loads 100th Commercial Ship

Dominion Energy's Cove Point LNG Terminal said it loaded its 100th commercial LNG ship this week—nineteen months after the facility entered commercial service for natural gas liquefaction and export.

Whistler Pipeline Consortium Announces Binding Open Season

Whistler Pipeline, LLC has announced a binding Open Season to solicit commitments for the remaining capacity on the Whistler Pipeline.

Poland Says it Will Stop Importing Russian Gas Unless it Secures Better Contract

Poland’s state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms.

MoGas Pipeline Announces Open Season

MoGas Pipeline has announced an open season to solicit interest on its natural gas pipeline system in Missouri and Illinois.

National Grid Addresses NY Challenges as AGA Weighs In

National Grid said it was confident it would be able to address concerns over gas supplies raised this week by governor of New York, while AGA condemned the "punitive measures."

European Investment Bank Will Stop Funding Fossil Fuel Projects by End-2021

In a landmark decision, the European Investment Bank, the world's largest multilateral lender, said on Thursday it would stop funding fossil fuel projects at the end of 2021.

Allseas Installs Real-Time Pipelogger for Major Subsea Pipeline Project

Allseas installed WFS Technologies’ new Seatooth Pipelogger for the real-time measurement of process temperature on a subsea pipeline system. The pipeline system is designed to have a total gas throughput capacity of 31.5 Bcm per year.

Germany Makes Legal Changes to Ease Nord Stream 2 Completion

Germany's parliament on Wednesday approved changes to the law governing the Nord Stream 2 gas pipeline to make it compliant with European Union regulations, removing a hurdle to completion of the Russia-led project.

TC Energy Cuts November Keystone Volumes by About 39% After Leak - Sources

A source has reported that TC Energy will cut November volumes on its Keystone pipeline by nearly 39%, higher than previous estimates, following a leak on the line two weeks ago.

Ironwood Midstream Forms Ironwood Midstream II, Purchases Gathering Pipelines

Ironwood Midstream has formed Ironwood Midstream II and has purchased over 100 miles of crude oil gathering pipelines.

Imperial Oil Ramping Up Crude by Rail, Not Pursuing Government Rail Leases

Imperial Oil is increasing its crude rail shipments after the recent Keystone pipeline outage but is not looking to take over Alberta's government rail contracts.

Why Tanzania, Zambia Want a New Oil Pipeline

Demand for refined petroleum products in Tanzania has been increasing in recent years, and the East African country has proposed a new oil pipeline project to meet the consumption requirement for refined fuel

Hungary Expects Gas from Russia's TurkStream by Late 2021

Hungary plans to be able to get natural gas from the TurkStream pipeline by the end of 2021, Prime Minister Viktor Orban said after hosting a meeting with Turkish President Recep Tayyip Erdogan.

Mild Winter, Softer Economy Weaken Asian LNG Markets

LNG spot prices in Asia have dropped to seasonal lows on expectations of a mild winter depressing demand for gas for heating. A slowdown in China's coal-to-gas switch amid a weaker economy is also having an impact.

Keystone Resumes Crude Oil Deliveries at Reduced Volumes

TC Energy said that its Keystone pipeline has returned to service following the approval of its repair and restart plan by the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA).

China's West-to-East Pipeline Throughput Hits 25 Bcm/Year

The supply of natural gas from the Tarim oilfield through the West-to-East gas pipeline has increased to 25 Bcf/year, according to the PetroChina Tarim Oilfield Company.

Leased Russian Tanker Heads for U.S. to Load LNG Cargo

A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for an LNG terminal in the United States, according to ship-tracking data from Refinitiv's Eikon.

Moda Midstream to Expand Loading Center, Evaluate New Pipeline

Along with expanding its Ingleside Energy Center to allow for VLCC loading, Moda Midstream is also evaluating building a new pipeline.