Business & Markets

Buckeye Partners Begins Operations at South Texas Gateway Export Terminal

Buckeye Partners has begun exporting oil from its new South Texas Gateway terminal in Corpus Christi, TX.

ChemChina Buys Gazprom Neft's First Arctic Oil Cargo for China — Sources

Gazprom Neft has sold its first ever oil cargo to China to be delivered via Arctic shipping routes to ChemChina according to sources.

Czech Gas Firm Scales Back Poland, Austria Interconnector Plans

Net4Gas, a Czech gas pipeline operator, has scaled back and delayed plans to build new pipeline connections with Poland and Austria according to the company's new investment plan.

OPEC+ Eases Record Oil Cuts as Economy Recovers from Pandemic

OPEC and its allies have agreed to ease production cuts established earlier in the year as the global economy begins to recover from the coronavirus pandemic but fears of a second wave of infections could hamper the market recovery.

FERC Gives Delfin Another Year to Build Louisiana Floating LNG Project

U.S energy regulators have given Delfin LNG a second one-year extension to build it's floating LNG project off the coast of Louisiana.

U.S. Extends Sanctions on Companies for Work on Russian Pipelines

U.S. Secretary of State Mike Pompeo announced on Wednesday that the country will be extending sanctions against companies working on two major Russian pipelines if the firms do not halt their work.

Total Seeks Buyers for Stake in North Sea Gas Pipeline — Sources

According to industry sources, French major Total is looking to sell it's 27.5% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline.

Iran's Oil Storage Almost Full as Sanctions, Pandemic Weigh

As U.S. sanctions and the coronavirus pandemic take its toll on Iran, the country has been forced to cut back its oil production due to a decreasing amount of storage.

Natural Gas Efficiency Programs Pay Off in Reduced Costs, Carbon Emissions

North American natural gas utilities have been spending nearly $4 million a day for programs to make customers more efficient use of the fuel. A new study shows those investments are paying off.

Building a Gas Utility for Future Prosperity

Nicor Gas, the largest natural gas distribution company in Illinois with 2.2 million customers, is one provider that has embraced new opportunities by launching a robust meter modernization program.

FERC Policy Statement on ROE Favors Pipelines

A new FERC policy on interstate oil and gas pipeline return on equity (ROE) follows a similar policy concerning utility lines but allows for the differences between the two industries.

Kinder Morgan Says 7th Elba Island Unit Ready

Kinder Morgan has asked regulators to approve the 7th liquefaction train at its Elba Island LNG export facility in Georgia.

Nigeria Will Boost Compliance with OPEC+ Cuts — SPA

In a call with Suadi Arabia's oil minister, his Nigerian counterpart confirmed that his country would comply 100% with the agreed-upon OPEC+ production cuts and will compensate for their overproduction in May and June.

FERC Approval Gives Alaska LNG 10 Years to Start Operations

Federal authorization for the Alaska liquefied natural gas (LNG) project sets a 10-year deadline to start operating the gas pipeline and liquefaction plant, twice as much time as regulators have generally allowed for other U.S. LNG export terminal developers to build multibillion-dollar facilities.

U.S. Natural Gas Output Rises After Mountaineer Express Pipeline Returns

U.S. natural gas production rose over the weekend after TC Energy Corp’s Mountaineer Xpress pipeline in West Virginia returned to service following unplanned work, according to the company and data from Refinitiv.

Oil Rises as International Energy Agency Boosts Demand Forecast

The International Energy Agency increased its outlook for 2020 fuel demand causing oil prices to rise on Friday but rising coronavirus cases in the U.S. tempered expectations for a quick recovery.

Energy Industry Veterans to Launch Hydrogen Investment Fund

As more governments are looking to hydrogen to fill in clean energy gaps, two energy industry veterans are planning to launch an investment fund focused on advancing use of the fuel.

U.S. Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown

A federal court judge has rejected the latest request from Dakota Access to stay a shutdown order issued for the 570,000-bpd oil pipeline, allowing the company to appeal to a higher court.

Cyprus to Get First Natural Gas Import Terminal

Cyprus officially began work Thursday on the country's first-ever natural gas import terminal.

Zhejiang Wins China's First Private Fuel Export License — Sources

Zhejiang Petroleum & Chemical Co has been granted a license to export fuel from the country to the international market, a first for a private oil company in the country.

Dakota Access Seeks Stay of Pipeline Shutdown Order Pending Appeal

Dakota Access has asked a federal court to stay its previous order to shut down and empty the pipeline within 30 days while an appeal of the decision is decided.

Bulgartransgaz Offered Over $600 Million to Complete TurkStream Expansion

Bulgaria's state-owned Bulgartransgaz said it has received offers totaling more than $600 million to help complete an expansion of the TurkStream gas pipeline.

U.S. Crude, Natural Gas Demand to Fall in 2020, Oil Decline Less than Forecast — EIA

New data released from the U.S. Energy Information Association forecasts a decline in domestic oil and natural gas production for 2020 with the decline in oil production to be less than previously forecast.

Judge Denies Dakota Access Initial Motion to Stay Pipeline Shutdown Order

A federal judge has denied a request from owners of the Dakota Access pipeline to stay a shutdown order passed down on Monday requiring the pipeline to be shut and emptied within 30 days.

Russian Vessel Able to Complete Nord Stream 2 Pipeline Departs from German Port

A Russian vessel that has the capabilities needed to complete the Nord Stream 2 pipeline has left the project's staging area in Germany where it was docked.

End of an Era? Series of Setbacks Bode ill for Big Pipeline Projects

A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources

China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.

Rangeland Midstream Canada Brings Marten Hills Pipeline System into Service

The Marten Hills Pipeline System from Rangeland Midstream Canada has entered service.

Dakota Access Pipeline Shutdown May Revive Oil-by-Rail Industry

The court-ordered shutdown of the Dakota Access pipeline on Monday may provide a much-needed boost to the oil-by-rail industry.

Pipeline Shutdown Adds to Record Decline in U.S. Natural Gas Output

Unplanned maintenance on TC Energy's Mountaineer Xpress Pipeline helped push U.S. natural gas output on Tuesday towards its lowest point since September 2018.