Business & Markets

Jitters in Europe as Russia Shows No Sign of Increasing Gas Supplies

Russia showed no sign on Monday of carrying out an order by President Vladimir Putin to pump more gas to Europe, deepening European concerns about tight supplies, high prices and energy dependence on Moscow as winter looms.

Russian Gas Flows Via Yamal-Europe Pipeline to Germany Halted Again

The reversal of gas flows through one of the three major pipelines carrying Russian gas into western Europe is the second time the situation has developed in a matter of days.

Magellan Raises Forecast for Refined Products Shipments on Jet Fuel Demand

The pipeline operator said it expected the shipments to rise 14% from 2020, compared with 13% earlier, as volumes from expansion projects in Texas overcome the lingering impact of the COVID-19 pandemic.

Tanzania GDP to Expand 5.2% in 2022 From Estimated 5% in 2021

The finance minister said the 2022/23 budget would focus on construction of a standard gauge railway, a 2,115-MW hydropower dam in eastern Tanzania, a crude oil pipeline from Uganda and an LNG processing plant.

Uniper CFO: Nord Stream 2 Completion Not Cure-All for Gas Market Woes

The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there are other factors at play.

Canadian Pipeline Companies Enbridge, TC Energy Report Higher Profits

Canada's largest pipeline companies Enbridge Inc. and TC Energy Corp. reported a rise in third quarter profits on Friday, helped by rising demand for oil and gas that boosted pipeline volumes.

Morocco's Options After Algeria Ends Gas Supply

Morocco says the immediate impact of Algeria ending gas supplies through a pipeline is "insignificant,” but it has not said how it will make up any shortfall while it adopts long-term plans to boost renewables and import LNG.

Added Transnational Oil Pipeline Capacity Could Reduce Crude Oil Shipped by Rail

Because the Line 3 replacement project increases the capacity to import crude oil by pipeline from Canada, this pipeline could reduce the need to ship crude oil from Canada by other modes, especially rail.

Russian Gas Flows to Germany Through Yamal Restart, Sending Prices Lower

Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, finally sending European gas prices lower since Russian gas has not flowed to Germany via the pipeline since Saturday.

California Looks to Natural Gas to Keep Lights on This Winter

After years of restricting the growth of fossil fuel infrastructure, California is looking to natural gas for power generation this coming winter after drought and wildfires leave the state with few options to keep the lights on.

Algeria Aims for Over 30% Share of European Gas Market

Algerian Energy Minister Mohamed Arkab said his country was seeking to increase its share of the European gas market to over the current 30%, state news agency APS reported.

Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion

The Iraqi oil ministry said on Wednesday the cost of a long-planned oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.

Russian Gas Pipeline Stuck in Reverse in Europe

A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through it into Germany were abruptly withdrawn, data on the website of its German operator showed.

Interstate Natural Gas Association of America Releases Inaugural Climate Report

The report shows INGAA members are making significant progress on innovative methods to drive down CO2 emissions from their own operations and across the global economy.

Carbon+Intel: Pembina Pipeline Looks to Work with Rival Canada Carbon Capture Plans

Canada's Pembina Pipeline Corp. is asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan.

Russia's Yamal-Europe Pipeline in Reverse Flow Mode for 4th Day

The reversal, which neither Russia's Gazprom, Poland nor Germany have fully explained, has added to market nerves at a time when gas prices have skyrocketed in Europe.

Enterprise Products Oil Pipeline Volume Up 18% as Demand Recovers

Volumes on its natural gas liquids, crude oil, refined products and petrochemical pipelines have substantially recovered to near pre-pandemic levels despite temporary shut-ins from Hurricane Ida, the company said.

US Unveils Crackdown on Methane from Oil and Gas Industry

The Biden administration unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations, drawing cautious support from both environmental groups and drillers.

Petroperu Warns of Possible Fires at Pumping Station Occupied by Protesters

Petroperu warned on Monday that protesters who seized a pumping station of an oil pipeline a month ago risked causing fires and explosions at the facility, located in an Amazon jungle region of the country.

Carbon+Intel: ASCO Norway Supports Horisont Energi in Move Toward Net Zero Future

Horisont Energi will build Europe's first large-scale factory to produce clean ammonia from natural gas and renewable energy, which means that CO2 is captured during the production process and stored permanently in sandstone reservoirs.

Taliban Assure Turkmenistan of Gas Pipeline Commitment, Security

Afghanistan's Taliban-appointed government has told Turkmenistan it would ensure the completion and security of the TAPI gas pipeline which Ashgabat is building in hope of opening up new markets.

Biden Pushes G20 Energy Producing Countries to Boost Production

With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.

Europe's Gas Prices Surge as Russian Pipeline Switches to Flow East

A major pipeline that normally brings Russian gas from Poland into Germany has been switched to flow east, further boosting Europe's sky-high gas prices on Monday.

Pipeline Rupture Halts Gas Flows from Bulgaria to Serbia

Bulgaria's gas network operator Bulgartransgaz halted the transport of natural gas to Serbia and Hungary early Monday following a pipeline rupture in the gas network near the northeastern village of Vetrino.

Congress Puts Big Oil in the Hot Seat in Climate Deception Probe

The U.S. Congress opened a year's worth of investigations into whether Big Oil deceived Americans about its role in climate change, with Democratic lawmakers planning to grill the chiefs of four oil companies and two lobby groups.

Carbon+Intel: Atlanta Boy Scouts, Georgia Natural Gas to Reduce Carbon Emissions

The Atlanta Area Council, Boy Scouts of America is signing onto a program where Georgia Natural Gas purchases and retires carbon offsets on customers’ behalf to make emissions from their natural gas use carbon neutral.

Ida Reduced US NatGas Production More Than Any Hurricane in Past Decade

The hurricane caused more natural gas production shut-ins than any other hurricane in the past ten years, and the impacts continue today.

Australia's Macquarie Buys German Gas Pipeline Firm Thyssengas

Australian investment bank Macquarie Asset Management has agreed to buy Germany's second-largest gas pipeline operator, Thyssengas, to use the company's grid network to transport climate-friendly gases.

TWI Working With Joint Industry Project to Evaluate Gas Pipelines for Hydrogen Transport

TWI has joined forces with C-FER Technologies and the Sumitomo Corporation to launch a new Joint Industry Project with pipeline operators and manufacturers to evaluate the suitability of natural gas pipeline networks for transporting hydrogen.

Syria and Jordan Reach Deal Over Electricity Transfer to Lebanon

Lebanon, Syria and Jordan have reached a deal to transfer electricity to Lebanon which is suffering an acute energy crisis, ministers from the three neighboring countries said.