Business & Markets

TC Energy Unsure About Keystone XL Pipeline

TC Energy Corp sees too much uncertainty to commit immediately to the long-delayed Keystone XL oil pipeline project, company executives said on Thursday, even as TC prepared for construction.

Enbridge to Purchase Rio Bravo Pipeline from NextDecade

NextDecade Corporation and Enbridge announced that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC from NextDecade.

Dominion to Buy Southern's Stake in Atlantic Coast Pipeline

Dominion Energy said this week it agreed to buy Southern Co’s stake in the roughly $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which is expected to enter service in early 2022.

Blast Shuts Eni Owned Nigerian Oil Pipeline — Officials

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass oil export terminal, ENI and a security official said.

Seaway to Extend Open Season

Seaway Crude Pipeline Company LLC has announced an extension of a binding open season currently under way for committed service on expansion capacity of its system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.

Germany Needs More Gas Power Plants: Utility, Lobby

Germany must support the construction of gas-powered generation to avoid an electricity supply crunch as it pulls out of nuclear and coal and electric vehicles increase demand, utility Uniper and gas lobby Zukunft Erdgas said on Tuesday.

US Firms Want to Expanded Portugal's Sines Port for LNG - Energy Secretary

American companies have a strong interest in expanding Portugal's deepwater port of Sines due to its strategic position for liquefied natural gas (LNG) exports to Europe, U.S. Energy Secretary Dan Brouillette said on Wednesday.

U.S. Gives Iraq Sanctions Waiver for Iranian Gas Imports

The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies, two Iraqi officials said on Wednesday.

Analysts Cut China's Gas Demand Estimates as Virus Outbreak Weighs

Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.

Ameren Illinois Plans $64 Million Pipeline Upgrades

Ameren Illinois said it will replace 12 miles of aging natural gas pipeline in two Illinois locations for a combined cost of $64 million as part of its planned system upgrades around the state.

U.S. Shale Gas Investors Brace for Write-Downs Amid Price Plunge

U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings.

NextDecade’s Rio Grande LNG Receives Non-FTA Export Authorization

NextDecade Corporation has announced that the U.S. Department of Energy has issued an order granting authorization to export liquefied natural gas from its Rio Grande LNG facility to non-free trade agreement (non-FTA) countries.

Williams Completes Gateway Expansion Project Ahead of Schedule

Williams placed its Gateway Expansion into full service 11 months ahead of schedule through “expedited project execution and construction,” boosting natural gas deliveries to the energy-hungry U.S. Northeast by 65,000 MMcf/d, in time for the winter heating season.

Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal

Calgary-based Gibson Energy approved the construction of 1 million barrels of new tankage at its Hardisty Terminal.

TurkStream Begins Gas Flows to Greece, North Macedonia

Russia is building TurkStream and doubling the capacity of NordStream across the Baltic Sea to Germany as part of plans to bypass Ukraine in its gas deliveries to Europe.

Mexico’s President to Request Rerouting of Planned Gas Pipeline

Mexico’s President Andres Manuel Lopez Obrador said that he will ask for a natural gas pipeline being developed by Canada’s TC Energy Corp to be rerouted, so it does not cut across lands considered sacred by communities in Puebla state.

FERC Approves Chesapeake Utilities Pipeline Expansion

Chesapeake Utilities has announced that the Federal Energy Regulatory Commission (FERC) has issued an order approving the Company’s proposed Del-Mar Energy Pathway Project.

India Approves $774 Million for Gas Pipeline in Northeast

India approved funding of $774 million (955.6 billion rupees) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said, as part of a national gas grid being built to span remote locations.

Outrigger Expands in Williston Basin with Commitment from XTO

Private midstream energy company Outrigger Energy II said it is constructing a 70-mile gathering system and cryogenic plant in North Dakota to service XTO Energy natural gas production under a long-term, definitive gathering and processing agreement.

All-Polymer Connector Delivered to 3 Operators

Subsea pipelines polymer-lining specialist Swagelining installed its LinerBridge connector technology for the first time within pipeline bundles at one of Equinor’s developments in the Norwegian North Sea.

Cameron LNG Facility Begins Production at Train 2

Sempra LNG said its Cameron LNG facility in Louisiana has begun producing LNG from the second liquefaction train of the export facility, fewer than five months after its first train started commercial operations in August.

EDP Closes Financing for El Salvador LNG-to-Power Project

Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. The infrastructure project brings approximately $1 billion foreign direct investment for the Central American nation, making it the largest private investment ever in the country, EDP said.

Bulgaria Starts Receiving Gas from TurkStream, Bypassing Ukraine

Bulgaria started receiving natural gas from Russia’s Gazprom via Turkey on January 1 and will no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said.

Mercuria Plans to Compete for South Texas Oil-Trading Hub

Commodities trader Mercuria Energy Group expects to open a new U.S. Gulf Coast crude oil storage facility next year that could compete to become a trading hub for shale oil, the Swiss company’s investment chief said.

Oxy Separates Western Midstream in Debt-Reduction Move

Occidental Petroleum (Oxy) said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.

Oil Prices Rise, Fall on Eve of Trade Deal

Crude oil prices surged in early January and retreated by mid-month after a U.S. drone strike on Iran’s top general and a retaliatory missile strike on an Iraqi military base. The initial strike caused the largest one-day price spike since September, when an Iranian drone hit a Saudi Aramco facility.

TC Energy Files to Reduce Toll on Canadian Mainline Pipeline

TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.

Nigeria Launches Regulations to Encourage Gas Use — Oil Minister

Nigeria has launched new regulations covering gas transportation which it hopes will expand use of the fuel and encourage private investment in pipelines, Minister of State for Petroleum Timipre Sylva said on Monday.

Emerging Offshore Pipeline Market in Southern Africa

The increasing exploration for and discovery of oil and gas reserves offshore Africa has raised prospects of growth of the continent’s offshore pipelines market.

CenterPoint Energy to Sell Miller Pipeline and Minnesota Limited to PowerTeam Services

CenterPoint Energy has announced an agreement to sell Miller Pipeline and Minnesota Limited to PowerTeam Services for $850 million in cash, subject to customary price adjustments.