Business & Markets

FERC Approves Tallgrass Cheyenne Connector Pipeline

Federal regulators have approved Tallgrass Energy's Cheyenne Connector project, which will transport natural gas from Colorado's DJ Basin to Cheyenne, Wyo., for Midwest delivery via the company's Rockies Express Pipeline.

Eagle LNG Receives FERC Authorization for Jacksonville LNG Export Facility

Eagle LNG Partners LLC (“Eagle LNG”) announced that the U.S. Federal Energy Regulatory Commission (“FERC”) has issued the order granting authorization for siting and constructing its proposed on-water Jacksonville LNG Export Facility.

Saudi Arabia to Restore Full Oil Output by Next Week - Source

Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday.

Overseas Buyers of Texas Crude Want Pure Oil

Decades ago, a distiller in Scotland discovered the marketing power of “single malt” whisky, untouched by blending - a technique now being embraced by sellers of Texas crude oil.

Tellurian Signs $2.5 Billion LNG Deal with India’s Petronet

Tellurian Inc has signed a $2.5 billion investment deal with India’s Petronet for its Driftwood LNG project making it one of the largest foreign investments in a U.S. infrastructure project.

NextDecade and Enbridge Agree to Pursue Rio Bravo Pipeline

NextDecade Corporation and Enbridge announced an agreement to jointly pursue development of the Rio Bravo Pipeline and other pipelines to transport natural gas to NextDecade’s Rio Grande LNG project in Brownsville, Texas.

Brazil's Petrobras Confronts New Foe: Fuel Thieves

Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. Now, Brazil's most important company is facing yet another challenge: Thieves are robbing millions of dollars worth of its fuel to sell on a thriving black market.

Ukraine Seeking 'Full Recovery' of Gas Transport Costs from Russia

Ukraine is seeking a substantial payment from Russia for use of its pipelines to move Russian gas into Europe from 2020 but has still not received a Russian reply to its proposal, Naftogaz Chief Executive Andriy Kobolyev said on Friday.

Enterprise to Expand, Extend Acadian Gas Pipeline System in Louisiana

Enterprise Products announced Friday that it is responding to higher demand for natural gas in Louisiana's growing LNG market by expanding and extending its Acadian pipeline system and boosting capacity on the extension through upgrades to its Mansfield compressor station.

LNG Tankers Divert to Asia; Floating Storage Rises After Price Spike

At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said.

Ukraine, Russia Fail to Reach Gas Deal for Europe but Agree to Meet Again

Russia and Ukraine failed to reach a new gas transit deal on Thursday, but said talks were "constructive" and they would meet again to try to find an agreement before the current one ends.

Storm Disrupts U.S. Energy Operations from Pipelines to Terminals

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery to cut production and a key oil pipeline, terminals and a ship channel in Texas were shut down.

Niger Seeks to Step Up Oil Production with Pipeline to Coast

Niger has started construction on an oil pipeline that will link it to the coast through West African neighbor Benin, a project that Niger's president said will bolster the country's economic development.

Casualties in Fight over New Gas Pipelines: The Customers

Chris Miles and his partners were ready to open their new seaside barbecue joint when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. Utility National Grid halted new gas hookups after the state rejected a new pipeline.

Alberta Sees Progress on Crude-by-Rail Talks to Ease Oil Curtailments

he premier of Canada's main oil-producing province Alberta said on Wednesday he is hopeful of more progress this month on talks between his government and producers about easing oil curtailments, as long as extra output is shipped by rail.

Next Wave of U.S. LNG Export Projects to be Tougher: Blackstone

The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said Wednesday.

Saudi-Style Drone Attacks Not Seen as Major U.S. Risk: Experts

The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production last weekend is unlikely to be a risk in the United States, energy and security experts say.

Mexico Gas Pipeline at Center of Dispute Starts Operations

A major natural gas pipeline between Texas and the Mexican Gulf Coast port of Tuxpan that was at the heart of a dispute between Mexico's government and infrastructure firms begins operations on Tuesday.

India, Nepal open cross border oil pipeline

The leaders of India and Nepal inaugurated South Asia's first cross-country oil pipeline Tuesday, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor.

State Court Rejects Challenge to Line 3 Pipeline

The Minnesota Supreme Court declined to take up challenges by tribal and conservation groups and ruled that the Minnesota Public Utilities Commission can move forward with an environmental review of Enbridge Energy’s proposal to replace its aging Line 3 crude oil pipeline.

U.S. Oil Exports Ramp Up as Buyers Seek Alternatives to Saudi Crude

The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and Saudi Arabia tried to secure refined products.

Saudi Arabia Shuts Pipeline to Bahrain after Oil Outage

Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters.

Saudi Attacks Raise Spectre of $100/barrel Oil: Analyst View

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

Major Saudi Oil Sites Hit in Drone Attacks

Drones claimed by Yemen’s Houthi rebels attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early Saturday, sparking a huge fire at a processor crucial to global energy supplies.

U.S. Agency Commits $688 Million to Projects in Argentina

The U.S. government's development finance institution has approved four projects worth $688 million in Argentina, including oil and gas transportation and processing infrastructure for the Vaca Muerta field.

Total Seeks Buyer for Tainted Russian Piped Oil

France's Total has issued a tender to sell 1.3 million barrels of contaminated Russian Urals crude oil for loading from Rotterdam port, according to three trading sources.

U.S. Oil Production Still Near Record High, but Growth Slowed

U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020

Gas Prices Forecast to Fall to '70s Levels on Pipeline Oversupply

An oversupply of natural gas in the United States from new pipelines will drive average prices at the Henry Hub benchmark to a level not seen since the 1970s, according to a report from IHS Markit on Thursday.

TurkStream 2nd String to Cross Bulgaria, Serbia, Hungary

The second leg of the TurkStream gas pipeline is planned to go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak announced, as Moscow prepares to phase out gas transit to Europe via Ukraine.

Blue Mountain Launches Open Season for Gathering Systems

Blue Mountain Midstream announced its Wildcat subsidiaries launched an open season for new crude oil and water gathering systems and services in central Oklahoma.