Business & Markets

A True Chilling Effect

When the Supreme Court refused to stay a lower court decision that vacated a federal permit allowing Spire’s STL pipeline to operate, it opened a door that could threaten natural gas supplies to residents during St. Louis’ notoriously bitter winter.

Blast-Damaged Part of Arizona NatGas Pipeline Will Be Down for Months, Kinder Expects

U.S. energy company Kinder Morgan Inc. expects part of its El Paso natural gas pipeline to remain out of service for "several months" following a blast in Arizona that killed two people in August.

Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield

Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.

Natural Gas and Oil Industry Committed to Reducing Methane Emissions, API Testifies

American Petroleum Institute Vice President of Upstream Policy Kevin O’Scannlain testified during the EPA's hearing on proposed methane regulations for new and existing sources.

Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis

Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.

Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed

Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.

APGA Continues Focus on Advocacy of Natural Gas

In this interview, Alonzo Weaver, chairman of APGA and senior vice president and COO at Memphis Light Gas & Water, discusses APGA’s priorities for the coming year, helping members who are coping with the COVID-19 pandemic and engaging the public concerning natural gas and other topics.

OPEC Oil Output Boost in November Again Falls Short of Target

The increase in OPEC's oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week.

Carbon+Intel: DNV Supports First Large-Scale Testing of Submerged CO2 Pipelines

DNV is working with Wintershall Noordzee and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be used for future CO2 transport.

Enbridge May Face Tougher Fight for Oil Barrels, Lower Rates, After Pipeline Ruling

A Canadian regulator's rejection last week of Enbridge's plan to sell space long-term on the country's biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line.

Canada's Trans Mountain Still 'Days Away' From Restarting Pipeline

Canada's Trans Mountain said it was "still days away" from restarting the key oil pipeline at a reduced capacity as heavy rains continue to impede restoration efforts.

Navigator and OCI Agree on CO2 Transportation, Storage Services Through Heartland Greenway

Navigator CO2 Ventures announced it has entered into an agreement with Iowa Fertilizer Company facility to provide CO2 transportation and storage services on its CCS system, the Heartland Greenway.

Gazprom Reports Record Quarter Profits on Surging Gas Prices

Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.

Carbon+Intel: Capital Power and Enbridge Collaborate to Reduce CO₂ Emissions in Alberta

Capital Power Corporation and Enbridge Inc. announced a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta.

ExxonMobil Continues Preparatory Work for Gas Project in Vietnam

ExxonMobil is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said, with a final investment decision dependent on factors including regulatory approvals and gas sales deals.

Waha Pipeline Work to Cut Libyan Oil Output for a Week

Libya's Waha oil company will carry out maintenance operations on a pipeline starting on Wednesday that will reduce crude output for one week

Snam Buys Stake in Algerian Pipelines to Pave Way for Hydrogen Highway

Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.

Moldova Settles Debt for Gas to Russia, Averts Energy Crisis

Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.

Oil Settles Down $10/bbl in Largest Daily Drop Since April 2020

Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter.

Canada Rejects Enbridge Plan to Sell Oil Pipeline Space Under Contract

The Canada Energy Regulator on Friday rejected Enbridge's plan to sell nearly all space on its Mainline oil pipeline under long-term contracts, rather than rationing it on a monthly basis.

Gazprom Nearly Doubles Planned Investments to $24 Billion in 2022

Russian gas giant Gazprom said its management has approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.

Greece Teams Up With Egypt on Gas Supply, Infrastructure

Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

Giant Pipeline in U.S. Midwest Tests Future of Carbon Capture

The 2,000-mile Midwest Carbon Express would be the world's largest carbon dioxide pipeline, moving greenhouse gases from Midwest biofuels plants to store underground in North Dakota. But some landowners don't want it.

Australia Unveils Plan to Spur Pipeline Investment

Australia outlined a plan to spur investment in new gas pipelines to beef up gas supply, despite the government's pledge to achieve net zero carbon emissions by 2050

Delay to Nord Stream 2 Pipeline May Be Short - Analyst

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said after meeting officials of Russian state gas giant Gazprom.

Russia Agrees to Extend Deadline for Moldova's Gas Payments

Russian gas giant Gazprom said it agreed to continue gas exports to Moldova despite its inability to pay for the gas on time, extending a payment deadline and averting an energy crisis in the ex-Soviet state, at least for now.

Contractors: Western Canada to Boost Drilling to Pre-Pandemic Levels

Western Canadian oil and gas producers will drill 27% more wells in 2022 than the previous year, returning to pre-pandemic levels as prices rebound and pipeline projects advance, the Canadian Association of Energy Contractors (CAOEC) said.

U.S. Energy Secretary: Companies Making Big Profits Should Increase Oil Supply

U.S. Energy Secretary Jennifer Granholm on Tuesday urged U.S. energy companies to increase oil supply amid "enormous profits," as the Biden administration tries to bring down the price of gasoline.

US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Enbridge Restores Capacity to Pipeline Shut Down by Flooding

Enbridge Inc said Monday it is now transporting more natural gas on its Westcoast natural gas pipeline than at this time in 2020, less than a week after it shut a segment of the pipeline system due to heavy flooding in the British Columbia province.