Business & Markets

Australia's Santos Wins State Green Light for $2.6 Billion Gas Project

The Australian state of New South Wales on Wednesday approved a long-delayed $2.6 billion (A$3.6 billion) gas project being developed by Santos.

Illinois Regulators Approve Report on Condition of Chicago Gas Distribution Network

Regulators in Illinois have agreed with the conclusion of a report that found a natural gas distribution network replacement program in Chicago from Peoples Gas will increase public and customer safety.

Trump Issues Permit for Alaska to Alberta Oil Railway

President Trump has issued a presidential permit for a proposed railway project that would transport crude oil from Canadian oil sands in Alberta to export facilities in Alaska.

U.S. Pipeline Companies Hit by Weak Demand Offer Enticements to Keep Shippers

U.S. pipeline companies hit hard by the drop in global demand for oil due to the coronavirus pandemic are offering new shipping terms to producers to keep using their pipelines.

Indigenous Activists Occupy Petroperu Pipeline Facilities Over Healthcare Demands

A pipeline owned by Peruvian oil company Petroperu has been occupied by indigenous protests demanding better healthcare from the government, the company said on Tuesday.

Azerbaijan's SOCAR Says Oil and Gas Infrastructure is Safe

State-owned Azeri energy firm SOCAR said on Tuesday that the country's oil and gas infrastructure was safe from the current military conflict taking place in the Nagorno-Karabakh region.

Jemena Reveals Plans to Extend Eastern Gas Pipeline

Australian pipeline firm Jemena has announced plans to extend its 500-mile Eastern Gas Pipeline.

Trump Backs Canada-Alaska Rail to Free Landlocked Oil, but Project Faces High Hurdles

President Donald Trump wrote on Twitter over the weekend he would issue a permit for a railway project from Canada's oil sands to ports in Alaska.

Opposition Team Criticizes Enbridge Plans for Line 5 Tunnel

Experts who reviewed project documents on behalf of opposition groups said Enbridge's plans for drilling an oil pipeline tunnel beneath a channel linking two of the Great Lakes do not meet industry standards.

Devon Energy to Buy Shale Peer WPX for $2.56 Billion in Delaware Push

U.S. oil and gas producer Devon Energy Corp said on Monday it will buy Permian basin peer WPX Energy Inc for $2.56 billion as it looks to scale up its presence in the Delaware portion of the prolific shale field.

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.

Atlantic Bridge Gas Compressor Station gets U.S. Approval

U.S. regulators have given Enbridge final approval to put its Weymouth natural gas compressor station in service.

China on Course for Record LNG Imports as Industries Recover, Expand

China's imports of LNG will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.

Norway Could Cut 22% of Oil and Gas Output if Workers Strike

Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association said.

U.S. Tightens Waiver for Iraq Gas Imports from Iran

The United States has extended a sanctions waiver that enables Iraq to continue importing gas from Iran but this time granting a significantly shorter waiver period, Iraqi officials and the U.S. State Department said Thursday.

Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand

Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.

Ingleside Pipeline Begins Shipping to Moda's Ingleside Energy Center

Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream.

Pipeline Rupture at India Gas Plant Sparks Fire, Halts Supply

A fire at an Oil and Natural Gas Corp plant caused by a pipeline rupture has cut gas supplies to customers including power and fertilizer companies, said a person familiar with the matter at gas marketing firm GAIL (India) Ltd.

Energy Execs Think U.S. Oil Production Has Peaked - Fed Survey

Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday.

UAE, Israel Discuss Pipelines, Infrastructure for Gas Exports to Europe

The energy ministers of the United Arab Emirates and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, an Israeli statement said.

Mountain Valley Seeks U.S. Approval to Resume Pipeline Construction

Mountain Valley Pipeline asked federal regulators for permission to resume construction on the $5.4-$5.7 billion pipeline from West Virginia to Virginia by Sept. 25.

U.S. Crude Oil Exports Continue Monthly Decline Since February Record High

U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, but still outpaced 2019 volumes through midyear.

U.S. Charges Former Manager of European Oil Firm over Graft in Ecuador

The U.S. Justice Department has charged a former manager of a European oil trading firm with paying bribes of $870,000 to help win a contract from Ecuador's state-run oil firm.

Austrian Utility OMV Sells Gas Pipeline Unit to Rival Verbund

Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and finance its acquisition of a leading plastics maker.

Top Shipping Insurance Group Will Not Cover Ships Linked to Nord Stream 2

The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.

Port Arthur Pipeline Announces Binding Open Season for Additional Capacity on Texas Connector Project

A component of Sempra LNG has launched an open season to solicit interest for capacity on a proposed pipeline to connect its proposed Port Arthur LNG facility to connecting pipelines and transport hubs.

MPLX Announces Binding Open Season, Expansion of SLC Pipeline System

Marathon Petroleum's midstream division has launched a binding open season for a proposed expansion of its SLC Pipeline System.

Venezuela's PDVSA to Sell Crude to Iran — Source

According to sources, Venezuela state-owned oil firm PDVSA is preparing to sell a cargo of crude oil to Iran, under threat of U.S. sanctions.

East Mediterranean States Formally Establish Egypt-Based Gas Forum

Six Mediterranean countries signed a charter on Tuesday to formally establish a group that seeks to boost natural gas exports from the region.

Dakota Access Flows Safe Through 2020 — Court Schedule

The Dakota Access pipeline will be able to continue flows until late December 2020 at the earliest, according to a federal court schedule released last week.