Business & Markets

U.S. Army Corps Allows Dakota Pipeline to Stay Open During Review

The U.S. Army Corps of Engineers today said it will allow Energy Transfer's Dakota Access oil pipeline to keep running, after an environmental permit was scrapped last year.

U.S. Army Corps to Lay Out Plans for Dakota Access Pipeline Review at Hearing

The U.S. Army Corps of Engineers is expected to lay out its recommendations on the Dakota Access oil pipeline at a federal court hearing today that could involve shutting down the line for several months during an environmental review.

Petrobras Natural Gas Hikes Enduring Even as Shares Dip

Petroleo Brasileiro SA is unlikely to be able to back away from a 39% hike in natural gas prices slammed by Brazil's President Jair Bolsonaro, sources close to the company said, pointing to the durability of existing contracts with distributors.

Lithuanian LNG Port Looks to Supply Poland, Ukraine Via New Pipe

Klaipeda's LNG import terminal operator says its gas could reach Poland, Ukraine and other countries south of Lithuania next year, when a new pipeline comes online.

Archaea Energy, Aria Energy Combine to Form RNG Development, Advancement Company

The business combination with Archaea and Aria, one of the largest companies in the North American landfill gas (LFG) sector, will create a significant U.S. RNG platform.

Britain Will Have Enough Gas, Electricity This Summer, Says National Grid

The volume of LNG delivered to Britain is expected to be lower than the previous two summers at 5.7 bcm because of competing markets, but pipeline flows from Norway will be higher this summer.

Canadian Pipeline Companies See Natgas Opportunities in Shift to Green Energy

Natural gas and liquids will continue to play a prominent role in the energy economy for decades to come, one executive said, even as a transition to cleaner energy evolves.

Oil Prices Fall Despite Stronger Economic Outlook

Oil prices eased on Wednesday after earlier gains despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opened the possibility of an easing of sanctions on its oil exports.

Report Shows Oil Industry Jobs Pay More Than Wind, Solar Jobs

Workers in nuclear energy and fossil fuel industries earn higher wages than those in renewable energy sectors like wind and solar that are the focus of Biden's plan to stimulate the U.S. economy and combat climate change, according to an analysis.

Brookfield, BlackRock No Longer in Race For $10 billion Aramco Pipeline Stake

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

Phillips 66 Warns U.S. Winter Storm Pushing First-quarter Loss Past Forecast

U.S. refiner Phillips 66 on Monday predicted that its first-quarter loss would be larger than expected, citing the severe winter cold snap that battered its U.S. Gulf Coast petrochemical operations.

Exxon Sues Energy Transfer Over Charges From Pipeline Dispute

Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing.

Democrats Asking Biden to Shut Down Dakota Access Pipeline

A group of 33 Democratic congress members are named on a letter to President Joe Biden asking him to shut down the Dakota Access Pipeline while it undergoes a court-mandated environmental review.

Midcoast Energy Completes CJ Express Pipeline Expansion

Texas-based Midcoast Energy completed its CJ Express pipeline expansion project, and it is now in service, the subsidiary announced.

Construction of Cuxtal Gas Pipeline to Boost Yucatan Economy

The start-up of the Cuxtal 1 gas pipeline represents a key infrastructure project aimed at satisfying the demand for energy in this region of Mexico, which is currently growing at twice the national average: 4.1% versus 2.6%.

U.S. LNG Export Bonanza Reshapes Energy Map in Asia

U.S. exports of LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialized region recovers from the COVID-19 pandemic, Eikon trade data shows.

Energy Transfer, Centurion Pipeline Agree on Crude Oil Transportation

Energy Transfer and Centurion Pipeline announced they will post a joint tariff for crude oil transportation service from ET’s terminals in Platteville, Colorado and Cushing, Oklahoma to ET’s Nederland, Texas terminal.

Pony Express Pipeline Announces Open Season for Transportation

Tallgrass Pony Express Pipeline, a subsidiary of Tallgrass Energy, announced a binding open season soliciting shipper commitments for crude oil transportation.

German Gas Grids Report Progress with Investment Plans, Pipeline Expansions

German gas pipeline companies have completed 28 out of 201 measures planned between 2020 and 2030, keeping them on track to provide capacity expansions and conversions for increased imports this decade.

Investors Renew Push for EU Methane Emissions Standard on Gas

A group representing European investors managing 36 trillion euros ($42.3 trillion) in assets renewed pressure on the European Commission to introduce mandatory methane emissions standards for natural gas.

Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines

U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs.

Denmark’s Orsted Plans Wind Farm, Hydrogen Plant

The proposed plant at the North Sea Port straddling the Dutch-Belgian border is supported by a group of companies that will also pursue an expansion of local pipelines to handle the hydrogen.

Hundreds Attend Successful Virtual Pipeline Opportunities Conference

Hundreds of pipeline industry professionals attended the 17th Annual Pipeline Opportunities Conference online Tuesday to learn about pressing issues and new developments within the industry.

Certarus, RNG Moovers Agree on Delivery of Renewable Natural Gas

Certarus will be responsible for the delivery of renewable natural gas (RNG) from several dairy farms in California to gas pipeline injection points, where it will help to meet the growing demand for lower carbon intensity fuel.

Russia's Transneft Posts 26% Fall in 2020 Net Profit

Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.

Australian State Rejects AGL Energy's Plan to Import LNG

Victoria state rejected a plan by AGL Energy to build an LNG import terminal, effectively killing a proposal designed to help fill an expected shortfall in gas supply in southeast Australia from 2024.

Perspective: Australia's Natural Gas Industry Should Worry About Demand, Not Supply

Australia, the world's largest exporter of liquefied natural gas, is facing a dilemma when it comes to domestic demand for the fuel, as the government's plans for a gas-fired economic recovery run into some confronting realities.

Cheniere Announces Completed Construction of Train 3 at Corpus Christi Liquefaction Project

Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody and control of Train 3 to Cheniere.

As Suez Canal Reopens, Number of LNG Vessels Waiting to Enter Jumps

A total of 16 vessels carrying liquefied natural gas (LNG) were prepared to enter the Suez Canal, double the number from Friday, according to cargo tracking firm Kpler, as stranded container ship Ever Given was freed on Monday after a nearly week-long stranding.

NextDecade, Oxy Low Carbon Ventures Agree on CO2 Transportation and Storage in South Texas

NextDecade Corporation and Oxy Low Carbon Ventures executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas, the companies announced.