Business & Markets

Norway's Equinor Books Capacity at Lithuanian LNG Terminal

Norwegian oil and gas company Equinor booked capacity for the first time to import LNG to Baltic States via Lithuania's Klaipeda LNG terminal.

Germany: Ukraine Must Remain Gas Transit Country After New Pipeline

Germany said Ukraine should remain a transit country for Russian gas, the Frankfurter Allgemeine newspaper reported, after President Vladimir Putin said it would depend on the former Soviet republic showing "goodwill" towards Moscow.

Turkey Discovered 135 BCM Additional Natural Gas in Black Sea

Turkey has discovered 135 billion cubic meters of additional natural gas in the southern Black Sea, President Tayyip Erdogan said, raising the total discovery in the region to 540 billion cubic meters.

Pew Research Poll Shows Majority of U.S. Opposes Phasing Out Fossil Fuels

The Pew Research Center released a new poll which found that nearly two-thirds of the U.S. public opposes phasing out fossil fuels as a means of addressing climate change.

Carbon-Neutral or Green LNG: A Pathway Toward Energy Transition

Meeting global targets for climate change mitigation is one of the biggest challenges. Significant emissions are released through the combustion of gas to drive the liquefaction process, while any CO2 detached before entering the plant is frequently emitted into the atmosphere.

WBI Energy Gets FERC Approval for Natural Gas Pipeline Project

WBI Energy, Inc. received an order from FERC issuing a certificate of public convenience and necessity on the North Bakken Expansion project, a natural gas pipeline expansion with capacity to transport 250 million cubic feet of natural gas per day from the Bakken in North Dakota.

Ecuador's Lasso Names Former State Oil Executive as Energy Minister

Bermeo oversaw Petroamazonas' restoration of crude output following the bursting of two pipelines in April of 2020. The company, which focused on crude production, later merged with Petroecuador, which had focused on oil transport and refining.

U.S. Crude Stocks Fall, Fuel Stocks Rise After Colonial Pipeline Restoration

U.S. crude stocks fell more than expected last week, while fuel stocks rose in a pre-holiday rebound from drawdowns that occurred during the Colonial Pipeline outage, the Energy Information Administration said on Thursday.

Hopes Renewed on Nigeria-Morocco Pipeline

In February, Mohammed VI, the King of Morocco, and Muhammadu Buhari, the president of Nigeria, agreed to fast-track the Nigeria-to-Morocco subsea natural gas pipeline project.

Colombia Oil Industry Ready for New Jobo-Transmetano Gas Pipeline

Since the beginning of the pandemic, apart from the three critical months of March, April and May 2020, the Colombian oil industry best knew how to face this difficult situation in Latin America. The $400 million Jobo-Transmetano, expected to go into service in December 2024, is the biggest evidence of this.

Navigator Expanding Carbon Capture Pipeline Project

The proposed carbon capture pipeline system project seeks to provide biorefineries and others a long-term, economic path to materially reduce their carbon footprint by capturing and transporting CO2 through 1,200 miles of pipeline across five Midwest states to a permanent sequestration site.

FERC Approves Enable's Proposed Louisiana Gulf Run NatGas Pipeline

The U.S. Federal Energy Regulatory Commission approved U.S. energy company Enable Midstream Partners LP's request to build the Gulf Run natural gas pipeline in Louisiana, according to a filing made available on Wednesday.

Savannah Energy in Talks to Buy Exxon's Chad, Cameroon Stakes

Africa-focused Savannah Energy and Exxon Mobil Corp are in exclusive talks over the sale of Exxon's interest in energy assets in Chad and Cameroon. The British oil and gas producer is proposing to buy a 40% operated interest in the Doba oil project in Chad, and a 40% interest in the Chad-Cameroon oil transportation pipeline.

Gas Industry Responds to Climate Change, Readies Transition

In the midst of winter this year, a panel of academics and energy industry experts gathered online with Columbia University’s Center on Global Energy Policy to map out pathways for making and using hydrogen.

West Coast Greets ‘Cleaner’ Pipe Conversion

Between the California towns of Paramount and Carson, about 40 miles south of Los Angeles, a pipeline that once shipped crude oil from the former to the latter is another step closer to transporting hydrogen gas instead.

11 EU Countries Oppose Plan to Prolong Gas Project Funding

Germany, Denmark, the Netherlands and eight other countries will reject a plan to prolong European Union support for cross-border natural gas projects, and instead push for rules to exclude fossil fuels.

Canada's Inter Pipeline Seals $7 Billion Sector Sale to Pembina After Blocking Brookfield

Pembina Pipeline Corp said on Tuesday it would buy rival Inter Pipeline Ltd in an all-stock C$8.3 billion ($6.90 billion) deal to create one of Canada's top oil and gas transportation companies.

Kinder Morgan to Buy Stagecoach Gas Services for $1.23 Billion

Kinder Morgan Inc said on Tuesday it has agreed to buy Stagecoach Gas Services LLC for $1.23 billion as the pipeline operator looks to expand into the northeast U.S. market.

Posco International Reviewing Dividend Payments on Myanmar Gas Project

South Korea's Posco International said it is reviewing dividend payments on a gas project in Myanmar, in a move that could further constrain funding to the military junta, which seized control of the country in a Feb. 1 coup.

Environmentalists Condemn Biden's Backing of Alaska Oil Drilling Project

Climate activists had previously said they were encouraged that upon taking office in January, President Joe Biden signed an order to rejoin the Paris Accord and revoked federal permits for the Keystone XL oil pipeline.

U.S. Drivers to Get Hit by Soaring Pump Prices Over Memorial Day Holiday

U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season, as fuel demand surges alongside coronavirus vaccination rates.

EU Countries Seek to Prolong Bloc's Funding for Gas Projects

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission's plan to end such funding, according to a draft document.

Tellurian to Sell LNG to Gunvor, Delays Louisiana Project Start

U.S. LNG developer Tellurian Inc said on Thursday it signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per annum (MTPA) of LNG.

Ecopetrol Operations Impacted by Colombia’s Protests

Colombia’s Ecopetrol has accumulated high levels of inventories in wholesale plants and the pipelines network due to protests that “have resulted in blockades of the country's main roads and isolated incidents against certain of the Ecopetrol Group's infrastructure."

Cabot Oil & Gas, Cimarex to Create $17 Billion Firm in 'Surprise' Merger

Cabot Oil & Gas Corp and Cimarex Energy Co agreed a merger on Monday to form a U.S.-wide oil and gas firm with an enterprise value of some $17 billion, a deal analysts termed surprising in a sector recently focused on "pure-play" models.

U.S. Energy Development Completes Midstream Infrastructure Project in Eagle Ford Shale

U.S. Energy Development Corporation announced the completion of a $607,000 pipeline project involving the LLM South B, LLM South C, LLM North A, Sola Vaca Norte A (SVNA), Hideaway Ranch A and Hideaway Ranch E midstream infrastructure development projects in the Eagle Ford Shale.

Value of Kenya’s Lamu Port Remains an Open Question

In its early ambition, the Lamu port figured as connecting the landlocked East African economies to global trade routes. More specifically, it was envisioned as an alternative outlet for South Sudan’s oil, which is currently pumped via the Greater Nile Oil Pipeline to Port Sudan.

Medallion Pipeline Launches Open Season for Capacity on EPIC Pipeline

Medallion Pipeline Company announced today that it has launched a non-binding open season for its capacity that is leased on EPIC Crude Pipeline, LP’s crude oil pipeline system.

Taproot Expanding Midstream Infrastructure in DJ Basin

Taproot Rockies Midstream has been awarded an acreage dedication for crude gathering by Confluence Resources for its Platte River position. The in-service date for the pipeline is expected to be July 1.

Russian Vessel Moves to German Waters for Nord Stream 2 Pipeline Construction

Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany's Waterway and Shipping Authority.