Business & Markets

Perspective: IEA’s Roadmap Shows Difficult Journey to Net Zero

Polarized responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe.

Cross Carbon Ventures Announces Formation of Carbon Capture Development Partnership

CCV will leverage Svante’s innovative technology to capture carbon directly from industrial post-combustion flue gases to produce pipeline-grade CO2 for safe transportation and storage.

Texas Intrastate Whistler Pipeline Placed in Service

The Whistler Pipeline began full commercial service last month, providing approximately 2.0 Bcf/d of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure sufficient reliable gas takeaway and reduce natural gas flaring in the Permian basin.

U.S. Oil & Gas Rig Count Falls for First Week in Eight -Baker Hughes

U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks amid an industry stampede to reward investors with share buybacks instead of boosting production.

Entergy Seeks to Build NatGas/Hydrogen Power Plant in Texas

U.S. electric company Entergy Corp wants to build a power plant in Texas capable of burning a combination of natural gas and hydrogen as more consumers seek to transition from dirty fossil fuels to carbon-free sources of energy.

Pipeline Operator Enbridge Beats Profit Estimates as Oil Volumes Rebound

Canadian pipeline operator Enbridge Inc reported second-quarter profit which beat expectations on Friday, as oil volumes transported on its Mainline system rose from a year ago due to a rebound in fuel demand.

Enbridge Gets OK to Return TETCO NatGas Pipe to Full Service

Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.

TC Energy to Switch to Green Power to Run N. American Energy Pipelines

Canadian pipeline operator TC Energy Corp could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines.

MDU Resources Planning $75 million NatGas Pipeline Expansion in North Dakota

To fulfill additional customer demand, WBI Energy plans to construct a 60-mile, 12-inch natural gas pipeline expansion and ancillary facilities to Wahpeton. The expansion will have capacity of 20 million cubic feet of natural gas per day and is expected to cost approximately $75 million.

Mexican Methane Leak Rate 'Alarming' for Climate Change, Report Says

To blame for Mexico's poor record are mostly high emissions at midstream facilities that gather, compress, and process the gas, the report says. Other culprits are venting and flaring.

Enterprise Products Oil Pipeline Volume Rises on Demand Recovery

Enterprise Products Partners said on Wednesday volume across its crude oil pipelines rose 5% in the second quarter on the back of a recovery in demand as the global economy continues to reopen following COVID-19 lockdowns.

Wintershall Dea Says Europe Needs More Gas from All Sources

Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy.

Spire Seeks U.S. Backing for Missouri NatGas Pipeline to Avoid Outages

U.S. natural gas company Spire Inc's Spire STL Pipeline unit filed an emergency application with U.S. energy regulators to keep the STL gas pipeline in service ahead of this winter to avoid gas service outages in St. Louis.

FERC to Hear Total NatGas Manipulation Case by Aug. 2022

The case, which has already dragged on for years, is the biggest of FERC's ongoing disputes over alleged power and gas market manipulation, some of which started over a decade ago.

Perspective: Why Green Hydrogen — Not Grey — Could Help Solve Climate Change

Green hydrogen is more expensive to produce, but it can be manufactured with zero emissions using renewable electricity to split water into oxygen and hydrogen. Globally, less than 2% of hydrogen is produced this way.

Polish PGNiG Ends LNG Deal Over U.S. Texas Port Arthur Delays

PGNiG has terminated a deal with U.S. firm Sempra Energy for LNG supplies from the Texas Port Arthur project due to delays, Poland's biggest gas company said on Tuesday.

Gazprom to Pay 349 million Euros in Advance to Use Bulgarian Pipeline

Russia's state gas company Gazprom has agreed to pay 349 million euros ($412 million) in advance for capacity on the Bulgarian extension of the TurkStream gas pipeline, Bulgarian state network operator Bulgartransgaz said.

Enagas First-Half Net Profit Falls on Lower Fees in Spain

Spanish gas grid operator Enagas said its first-half net profit fell 9.8% to 213 million euros ($251.28 million) after a change of regulations in 2020 forced it to charge lower fees in Spain.

Mozambique President Nyusi Says Army Gaining Ground in Insurgency-Hit Region

Nyusi was addressing the nation on the crisis that was triggered when the insurgents in March attacked the coastal town of Palma, near natural gas projects worth $60 billion that are meant to transform Mozambique's economy.

Inter Pipeline Walks Away from Pembina Deal in Favor of Brookfield Bid

Canadian pipeline operator Inter Pipeline on Monday decided against recommending a C$8.5 billion ($6.77 billion) deal with rival Pembina Pipeline Corp to shareholders and instead chose to pursue a higher bid from Brookfield Infrastructure Partners.

German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen

Germany’s National Hydrogen Council determined pipeline transport is the most economical option to move hydrogen for distances up to about 10,000 km (6,213 mi), even if it would require building new pipelines.

U.S. Drillers Add Oil and Gas Rigs for Fourth Week in a Row

U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher oil prices although growth in drilling has been modest as producers favor spending austerity.

Dutch Government Grants Subsidy to PosHYdon, Offshore Green Hydrogen Production Project

The Netherlands Enterprise Agency has awarded a subsidy of 3.6 million euro to the PosHYdon project, which is the world's first offshore green hydrogen pilot on a working platform.

Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes

Kinder Morgan cut its 2021 profit forecast just three months after the U.S. pipeline operator had raised its estimates following a surge in demand for natural gas during the February winter storm.

Russia Rejects Aspects of Germany-U.S. Accord on Nord Stream 2 Pipeline

The Kremlin said it disagreed with some statements in an agreement between the United States and Germany on the Nord Stream 2 gas pipeline, insisting that Russia had never used energy as a tool of political pressure.

Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns

The Canadian province of Quebec on Wednesday rejected a liquefied natural gas export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.

Ukraine Fights Rearguard Action Against Nord Stream 2 After U.S. and Germany Unveil Deal

Ukraine has started official consultations with the European Union and Germany about Nord Stream 2, Foreign Minister Dmytro Kuleba said on Wednesday, ratcheting up Kyiv's opposition to the pipeline which it says is a threat to Europe's security.

INNIO Jenbacher Launches Hydrogen-Ready Gas Engines

Most of the currently installed INNIO Jenbacher natural gas fueled fleet can be upgraded to operate with up to 25% volume of hydrogen in pipeline gas or converted from natural gas to 100% hydrogen operation.

Nisga'a Nation, Rockies LNG and Western LNG Propose New LNG Project

Two natural gas pipeline projects are being evaluated for Ksi Lisims LNG. Both pipeline projects have received regulatory approvals following robust environmental assessment processes and can connect resources in northeastern BC to the proposed project site.

WBI Energy Begins Construction on ND Natural Gas Pipeline Project

WBI Energy, a subsidiary of MDU Resources Group, began construction this week on the North Bakken Expansion project in North Dakota. This natural gas pipeline expansion will have capacity to transport 250 million cubic feet of natural gas per day from the Bakken Formation.