Business & Markets

Asian LNG Prices Rise for First Time Since October

Asian spot prices for LNG edged up this week after almost two months of declines on new demand and amid signs that the U.S. was close to reaching a trade deal with China.

Vessel Loadings Show Record U.S. LNG Exports in Oct-Nov

U.S. exports of LNG set two consecutive records in October and November 2019, according to U.S. Energy Information Administration estimates. LNG exports averaged 5.8 Bcf/d with 52 exported cargoes in October and 6.3 Bcf/d with 55 exported cargoes in November.

China's 2020 Gas Consumption to Reach 320 Bcm: CNPC

China's gas consumption in 2020 is expected to rise to around 320 Bcm, while the pace of gas import growth is set to slow sharply this year, state energy group China National Petroleum Corp's (CNPC) research arm said on Thursday.

New U.S. Energy Secretary Slams NY for Blocking Gas Pipelines

New U.S. Energy Secretary Dan Brouillette slammed New York state regulators on Thursday for blocking pipelines that would bring natural gas from Appalachia to New England, but did not specify whether the Trump administration could do anything to push the projects forward.

FERC Approves Site Prep for Tellurian's Driftwood LNG Export Plant

Federal regulators said Tellurian can begin site preparation at the site of its proposed $27.5 billion Driftwood LNG export project, a facility that calls for major pipeline construction projects in Texas and Louisiana.

Dominion Energy Partnership to Convert Manure to Natural Gas

Richmond-based Dominion Energy announced that it is launching a $200 million effort to convert methane from cow manure into natural gas.

Father's Energy Legacy Haunts Canada's Trudeau with Angry Albertans

Canadian Prime Minister Justin Trudeau has an unusual challenge as he seeks to charm angry westerners who fear he will destroy the region's oil and gas industry - the legacy of his father, who was reviled in much of the west for his energy policies. (photo Art Babych / Shutterstock.com)

Rosneft Seeks Investors for Vostok Infrastructure

Russia's Rosneft is seeking Japanese investment in the company's $157 billion Vostok oil project, including construction of pipelines, roads and a seaport.

Canada's Encana Files Paperwork to Shift Base to U.S.

Canadian oil and gas company Encana Corp on Wednesday filed paperwork with U.S. and Canadian authorities as part of a plan to shift its base to the United States.

Tallgrass Energy Announces Open Season on Pony Express Pipeline

Tallgrass Energy announces the start of an open season for transportation on its Pony Express crude oil pipeline.

Russia, Ukraine Fail to Reach a New Gas Deal in Paris

The Russian government said Tuesday that the presidents of Russia and Ukraine discussed a new contract for natural gas supplies during peace talks in Paris on Monday, but failed to reach a deal.

Canadian Producer Raises Budget as Alberta Bottlenecks Ease

Canadian oil producer Cenovus Energy Inc said on Tuesday it would spend nearly a quarter more in 2020, after the province of Alberta lifted some curtailments on new oil wells last month.

EPIC Midstream Loads First Oil Tanker at New Texas Export Terminal

EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U.S. crude, EPIC President Brian Freed said.

Ironwood Midstream II Completes Acquisition of Twin Eagle Systems

Ironwood Midstream Energy Partners II said it has closed on its acquisition of West Texas gathering pipelines from a subsidiary of Twin Eagle Holdings and named a Twin Eagle executive to its management team and board of directors.

No Major Impacts on Lake Superior Found from Line 3 Pipeline

An updated environmental review released by a state agency Monday found no serious threat to Lake Superior if crude oil ever leaked from a new pipeline to replace Enbridge Energy's aging Line 3 across northern Minnesota.

Canadian Pacific Crude Train Derails, Catches Fire in Saskatchewan

A Canadian Pacific Railway train hauling crude oil derailed west of Guernsey, Saskatchewan, causing a fire at around midnight local time, railway and police officials said on Monday.

Enterprise, Enbridge to Develop Gulf of Mexico Crude Export Terminal

Enterprise Products Partners and Enbridge Inc have agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport, Texas, Enbridge said on Monday.

MET Energy Holding Plans Billion-Euro M&A Deals in Europe

Swiss-based MET Energy plans to expand rapidly in Europe over the next three years via acquisitions worth at least 1 billion euros ($1.10 billion) once a deal with Singapore conglomerate Keppel Corporation is finalized next month, MET's CEO said on Monday.

Polish Experts Seek Evidence in Gas Blast that Killed 8

Investigators in southern Poland said they are questioning witnesses and gathering evidence in their probe into a gas blast that killed eight members of one family, including four children.

Belarus Seeks $70 Million Compensation for Russian Tainted Oil

Belarus is seeking about $70 million in compensation because of disruption in flows in a pipeline on its territory caused by contaminated Russian oil, state news agency Belta reported on Sunday.

Russia, Belarus Closer to Resolving Supply, Pipeline Issues: Moscow

Russia and Belarus, who have yet to resolve a dispute over contamination of an oil pipeline, are closer to resolving their differences on oil and gas supplies, Russia's economy minister said Saturday after talks between the two countries.

Asian LNG Buyers Target Record Low Prices in Contract Talks

Asian LNG buyers are starting talks with producers to renew long-term contracts due to expire over the next few years, aiming to secure all-time low prices in deals likely to set new industry benchmarks.

OPEC Talks End Without Word on Expected Cuts

The countries that make up the OPEC oil-producing cartel ended talks late Thursday without an announcement on possible deep cuts to production that would support the price of fuel around the world.

Oil Pipeline Explosion Kills 1 in Lagos

An oil pipeline explosion reportedly killed one person in Nigeria's capital, Lagos.

Saskatchewan's Oil Lures Investors, Producers from Troubled Alberta

Alberta's congested pipelines and production limits are turning oil companies to neighboring Saskatchewan, driving up prices for drilling rights as the region weathers a deep slump.

Libya's El Feel Oilfield Shut Due to Valve Closure

Libya's El Feel oilfield has been shut down due to a valve closure, the head of the National Oil Corporation said on Thursday, in the second stoppage at the southwestern field in consecutive weeks.

Kinder Morgan Expects Slight Profit Increase in 2020

U.S. pipeline operator Kinder Morgan on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend.

Alder Midstream Announces New Initiatives

Alder Midstream (Alder), owned and operated by Glenfarne Group, has announced several new initiatives focused on building, owning and operating midstream assets in the U.S.

Construction Advances on Trans Mountain Pipeline Ahead of Court Hearing

Expansion of Canada's Trans Mountain oil pipeline entered a new phase of construction Tuesday, just two weeks before a court hearing to decide whether the government can complete the project.

Engie Brazil Wants to Buy Remaining Stake in TAG — CEO

Engie Brazil's CEO says the company is looking to buy the government out of its 10% stake in TAG.