Business & Markets

Ukraine to Develop Gas Transit Company in Effort to Bolster Talks with Russia

In an effort to improve its position in gas transit talks with Russia, Ukraine is developing its own transport company.

Russia Signs First Tainted Oil Settlement Deal in Hungary

Russia and Hungary have signed their first compensation agreement for contaminated oil that flowed to Hungary on the Druzhba pipeline earlier this year.

Tallgrass Energy Secures Oil Shipper Contracts for Pony Express Pipeline

Tallgrass Energy has secured additional shipper contracts on its Pony Express Pipeline as it recontracts parts of the line.

Putin, Hungary's Orban to Discuss TurkStream Pipeline

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban are hoping to agree on terms for the TurkStream Pipeline at a meeting this week.

Seaway Announces Upcoming Open Season

Seaway Pipeline Company has announced plans to hold an open season to gauge interest in a possible expansion of one of its crude oil pipeline systems.

Denmark Approves Nord Stream 2 Project

The Nord Stream 2 project has been approved by Denmark, the last remaining country needed to finish the pipeline.

Enterprise Midland-to-ECHO Pipeline System Expansions to Add 450,000 bpd Each

Enterprise's CEO reported on the company's earnings call that upcoming expansions on 2 of its pipelines will add 450,000 bpd of capacity to each line.

EPIC Crude Oil Pipeline Announces Third Open Season

EPIC has announced a third open season on its 400,000 bpd EPIC Crude Pipeline.

Singapore Committed to Natural Gas Power

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said.

Small Oil & Gas Companies get Cold Shoulder from Big Banks

The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.

Dirty Oil Settlement Expected Between Lukoil, MOL

Russian oil producer Lukoil and Hungarian energy company MOL are reportedly set to sign a settlement deal over contaminated oil during Russian President Putin's visit to Budapest this week.

EPCM to Build Pipelines for South Africa's First Helium Plant

Renergen said it has commissioned South Africa’s first commercial LNG and liquid helium plant and appointed EPCM Bonisana to install the pipeline and manage the interface.

Crude-by-Rail Contracts Cause for Alberta Forecast Budget Deficit

Alberta, Canada is forecasting a budget deficit for 2019-20 caused in large part by crude-by-rail contracts with midstream companies signed in the midst of pipeline congestion.

Phillips 66 Beats Profit Estimates with Help from Midstream Assets

Phillips 66 midstream assets helped the company produce better than expected profits last quarter.

Crude Flows to Houston Slow as Permian Pipelines Shift to Corpus - Data, Traders

Crude flows from the Permian into Houston have slowed recently as prices flowing to Corpus Christi have dropped making it more attractive to shippers.

New Exxon Partner Prefers Arctic LNG Shipping to Alaska LNG Pipeline

A new company plans to partner with Exxon to ship liquefied natural gas from Alaska’s North Slope to Asian markets as an alternative to an Alaskan pipeline.

Carlyle Group Quits $1 Billion U.S. Oil Export Project

The Carlyle Group has announced it is backing out of $1 billion oil export project near Corpus Christi, TX.

Norway's Equinor Eyes Natural Gas Infrastructure in Brazil

Norway's Equinor is actively looking to install new natural gas infrastructure on the coast of Brazil to help facilitate the large amounts of gas being produced in the country.

FERC Issues Commonwealth LNG’s Notice of Schedule for Environmental Review

FERC has issued a Notice of Schedule for Environmental Review for the Commonwealth LNG project.

Equinor to Ship First Sverdrup Oil Cargo to China

Equinor is planning to ship its first cargo of crude from Norway's giant Johan Sverdrup field to China this week.

Ecuador State Oil Firm Reopens Oil Pipeline, Resumes Exports After Protests

Ecuador's state oil company has resumed shipping on a major oil pipeline after government protests forced it to declare a force majeure earlier this month.

Russia Says Bulgaria to Complete TurkStream Portion By 2020

Bulgaria has promised Russia that it will complete its portion of the TurkStream pipeline on schedule bringing it in service by early 2020.

TC Energy to Cut October Volumes on Keystone Pipeline After Force Majeure: Sources

TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snowstorm in Manitoba over the weekend, sources familiar with the matter said on Thursday.

First Part of TurkStream Filled With Gas

Russia's Gazprom has begun filling the first part of the undersea TurkStream pipeline with gas, the pipeline operator said on Friday.

DTE Energy to Buy Natural Gas Gathering System, Pipeline for $2.25 billion

- DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash.

Basalt to Acquire Natural Gas Transmission Business from Third Coast Midstream

A fund managed by Basalt Infrastructure Partners (“Basalt”) has announced it has entered into a definitive agreement to acquire Third Coast Midstream LLC’s natural gas transmission business (the “Natural Gas Transmission Business”).

Gas Futures Rise on Permian Highway Delay

U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts on Thursday after Kinder Morgan delayed the projected in service date for its $2 billion Permian Highway gas pipe in Texas to early 2021.

Woodside Targets FIDs on Browse, Scarborough Gas Projects

Australia's Woodside Petroleum has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward plans to sign off on its smaller Scarborough project. Combined, the projects would require construction of 826 miles of subsea pipeline

TC Declares Force Majeure on Keystone Shipments after Storm

TC Energy Corp has declared force majeure on shipments on its 590,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations.

Pipeline Shipments from Kashagan Fall with Unplanned Maintenance

Pipeline shipments from Kazakhstan's giant Kashagan project have decreased since Oct. 6 due to unplanned maintenance, but the energy ministry said repairs were completed on Tuesday.