Business & Markets

Cheniere Louisiana Sabine 6 LNG Export Unit Moves Closer to Entering Service

U.S. energy regulators on Wednesday gave Cheniere Energy Inc. permission to introduce feedgas to commission parts of the sixth liquefaction train at the U.S. LNG company's Sabine Pass LNG export plant in Louisiana.

Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

Tribes Say Dakota Access Oil Pipeline's Environmental Review is Biased

Native American Tribes including the Standing Rock Sioux Tribe told the U.S. Army Corps of Engineers that the environmental study on Dakota Access oil pipeline is biased and urged the Biden administration to bring in the U.S. Interior Department.

ROSEN to Study Hydrogen Pipeline Transportation with Expanded Material Testing Capabilities

ROSEN Group is expanding its existing material testing capabilities and dedicating a separate section to the topic of hydrogen to help ensure the hydrogen economy will have the safe and efficient infrastructure it will need to function.

Why a Crisis Over European Gas Prices Caused Panic About CO2 Supplies

Britain struck a deal with a major producer of fertilizer and carbon dioxide to restart two plants which had halted operations due to soaring prices for natural gas. The closures had led to fears that the production of a wide range of food and drinks could be shut down within days.

First Element '21: Panelists Discuss H2 Transportation Policy and Infrastructure in U.S.

Gulf Energy’s Inaugural First Element Conference kicked off this month with a keynote panel discussion with leaders from Chevron, Cummins and Toyota sharing insights on hydrogen in transportation. The conference is available to view on demand.

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

Damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. The prolonged shut-in of the WD-143 platform would also affect smaller operators which use the Mars pipeline.

GTI’s Hydrogen Technology Center to Research U.S. Clean Energy Distribution

Kristine Wiley was recently named vice president of GTI’s Hydrogen Technology Center, which will facilitate increased use of hydrogen in an integrated energy system to meet the challenges of decarbonization.

Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

Dakota Access Pipeline Asks U.S. Supreme Court to Scrap Environmental Study Order

Dakota Access asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review.

UK has Plans to Protect Consumers from Soaring Gas Prices – Business Minister

Britain has plans in place to protect the market and consumers from soaring global gas prices, business minister Kwasi Kwarteng said on Sunday following a meeting with the head of energy regulator Ofgem.

Norway to Raise Gas Exports to Europe as Prices Soar

Norway will allow state-controlled Equinor and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over a shortage of European gas supplies that have sent prices soaring.

Syria Says Gas Pipeline at Deir Ali Power Station Resumes After Islamic State Attack

The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on Saturday, according to Syrian state TV.

Group of EU Lawmakers Seeks Probe of Gazprom's Role in Gas Price Surge

A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom's role in soaring European gas prices, saying the company's behavior had made them suspect market manipulation.

Manufacturers Urge DOE to Require Reduction in LNG Export Rates

The Industrial Energy Consumers of America sent a letter urging the U.S. Department of Energy to take immediate action to prevent a supply crisis and price spikes for consumers this winter.

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Russian Diamond Producer Tests CO2 Capture Potential by its Ore

State-controlled diamond producer Alrosa has teamed up with Russian scientists to test the ability of its processed ore to absorb carbon dioxide, the company said, adding that initial results of the study have been promising.

Italgas Expects DEPA Deal to Drive Earnings as Greece Looks to Gas

Italgas is working to ready its pipelines in Italy to carry biogases in the future and its experience could be transferred to Greece.

Program to Pacify Nigeria's Oil Delta Stalled by Corruption, its Boss Says

Before the amnesty program, the region had experienced years of full-blown conflict, with armed groups blowing up pipelines and flow stations, kidnapping oil workers and fighting the armed forces.

Oil Slips to $75 as U.S. Storm Threat Wanes

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

Maryland Cove Point LNG Export Plant to Start Work Next Week

Officials at Berkshire Hathaway Energy on Wednesday confirmed the pipeline and compressor station maintenance will start on Sept. 20 but would not confirm the shutdown of the liquefaction plant until about the day before an outage.

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.

Russia to Consider Rosneft's Access to Nord Stream 2

Russia's energy ministry is due to prepare a report in the coming days on the possibility of Rosneft exporting gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday.

Record Gas Prices Could Hasten Nord Stream 2 Launch, Analysts Say

Record gas prices in Europe could hasten clearance for fuel supplies via Russia's Nord Stream 2 pipeline to Germany, analysts said on Tuesday.

Texas Freeport LNG Export Plant Shut During Tropical Storm Nicholas

U.S. LNG company Freeport LNG said on Tuesday all three liquefaction trains at its Freeport LNG export plant in Texas shut, likely due to power outages from Tropical Storm Nicholas.

Enbridge’s Cameron Extension Pipeline Project Nearing Completion

Texas Eastern Transmission’s Cameron Extension pipeline project in southwestern Louisiana is on track to be mechanically complete in October, leading to a November in-service, an Enbridge spokesperson said.

Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind

The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.

EIA Expects U.S. Natural Gas Consumption to Decline Through 2022

The Energy Information Administration forecasts natural gas consumption will decline in all end-use sectors in the U.S. except in the industrial sector and for other non-sector-specific uses (lease and plant fuel, pipeline and distribution use, and vehicle use).

China to Announce Details of Oil Reserve Sales in Due Course

China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.

Chevron, Enterprise Explore Carbon Storage Business Opportunities

Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide.