Business & Markets

Suncor, Svante Accelerating CO2 Capture Efforts in North America

Suncor and Svante signed an equity financing agreement, providing the latter with the additional growth capital to accelerate its second-generation CO2 capture technology in North America.

Brazil's Antitrust Body Postpones Deadline for Petrobras Asset Sales

Brazil's antitrust authority CADE postponed deadlines for divestitures by state-controlled oil company Petroleo Brasileiro SA, including its refineries, natural gas pipelines and its stakes in natural gas distribution companies.

OPAL, NextEra Energy Unit to Build Renewable Gas Facility in Minnesota

The project will be located at a landfill owned by Republic Services Inc, and interconnect with a pipeline owned by Xcel Energy Inc, leading electric and gas utility in the region.

AquaDuctus Pipeline to Transport Green Hydrogen from North Sea to Land

GASCADE, Gasunie, RWE and Shell are progressing with the AquaDuctus pipeline project, which will transport green hydrogen from the North Sea directly to the continent, according to a news release.

Piñon Starts Work on N.M. Sour Gas Treatment, Carbon Capture Facility

Piñon Midstream has started construction on the Dark Horse Sour Gas Treating and Carbon Capture Facility and associated pipeline infrastructure in the Delaware Basin of New Mexico

Neptune Energy Producing Natural Gas from Merakes Project in Indonesia

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

Texas February Freeze Cost About $1.6 Billion, Vistra Says

U.S. energy company Vistra Corp boosted the negative impact of winter storm Uri in Texas in February to about $1.6 billion from its prior estimate of $900 million to $1.3 billion.

Malaysia's Petronas Exports LNG in ISO Tanks to China

Malaysia's Petroliam Nasional Bhd said on Monday that it has started exports of LNG in ISO tanks to China from its filling facility in Pengerang in the southern state of Johor.

Frustrated Canada Presses White House to Keep Great Lakes Oil Pipeline Open

Enbridge said shutting Line 5 would cause fuel shortages and gas price spikes, and require 15,000 trucks and 800 rail cars a day to replace deliveries to Ontario.

Pembina Pauses Development of Oregon Jordan Cove LNG Plant

Canadian energy company Pembina Pipeline Corp paused development of its proposed Jordan Cove LNG export plant in Oregon, according to an appeals court filing.

Research Into Hydrogen Transportation by Pipeline Increasing

The research regarding hydrogen transportation by pipeline is increasing and becoming more coordinated, a presentation at the 17th Annual Pipeline Opportunities Conference indicates.

Oil and Gas Pipeline Market Could Grow 6% by 2026, Study Shows

The global oil and gas pipeline market is expected to grow at a compound annual growth rate of more than 6% from 2021 to 2026 despite the economic impact of COVID-19, according to a Research and Markets study.

RWE CEO Supports More Rapid Switch to Green Hydrogen Pipelines

Germany's regulation for using future supplies of carbon-free hydrogen on existing and new pipelines for natural gas should be undertaken jointly rather than separately, the chief executive of utility RWE said on Friday.

U.S. Appeals Court Denies Dakota Access Pipeline Rehearing Request

A U.S. Appeals Court on Friday denied Dakota Access LLC's petition for a rehearing on an earlier court decision to cancel a key permit for the DAPL oil pipeline, court documents show.

Equinor LNG Plant Broke Rules Ahead of 2020 Fire, Watchdog Says

Equinor must fix a series of rule breaches exposed by a fire at its Melkoeya LNG plant in Norway last year for the plant to reopen, the country's safety watchdog said on Thursday.

New SGA Chair Focuses on Evolving Role of Natural Gas

In this interview, SGA Chair and Southern Star Central Gas Pipeline President and CEO Jimmy Staton discusses the concerns of the SGA membership, adapting to a new president’s agenda, improving the public’s perception of the natural gas industry and other topics.

Saudi Aramco to Refinance $10 billion Revolving Loans

Saudi Aramco is expected to refinance a $10 billion debt facility raised in 2015, two sources said, in what would be the oil giant's third major foray into the loan market this year.

Kinder Morgan Raises Outlook as Profit Surges on Winter Storm Demand

Kinder Morgan posted a quarterly profit that breezed past estimates, helping the U.S. pipeline operator raise its annual earnings forecast, on a demand surge for natural gas and electricity during the February winter storm.

Natural Gas Consumption to Continue Decreasing, EIA Projects

EIA’s April Short-Term Energy Outlook forecasts decreased total U.S. natural gas consumption in 2021 and 2022 following a decline in 2020.

European Hydrogen Backbone: How a Dedicated Hydrogen Infrastructure Can be Created

This paper presents the European Hydrogen Backbone (EHB): a vision for a truly European undertaking, connecting hydrogen supply and demand from north to south and west to east.

Perspective: Oil Execs, Environmentalists Could Support Hydrogen for Climate Solution

Some see hydrogen as a potential substitute for hard-coal coke in making steel. It also offers energy companies a future market using processes they know. It can be liquefied, stored, and transported through existing pipelines and LNG ships, with some modifications.

Fluxys Partners with Brazilian Gas Transmission System Operator TBG

Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.

Dakota Access Argues Pipeline Closure Would Cause 'Economic Shock'

The operators of the DAPL argued to a federal court that the system's shutdown would be even more harmful than previously anticipated, in their final plea to keep the line open after a key permit was scrapped.

PipeChina's Cost-Sharing Plan Reduces Importer Interest for LNG Terminal Slots

Most companies shortlisted for PipeChina's LNG import terminal slots are backing off from a deal as new terms proposed by the gas pipeline operator threaten to jack up costs, trade sources said.

Gulf of Mexico Crude Oil Production Will Increase with New Projects in 2021 and 2022

By the end of 2022, the EIA projects 13 new projects could account for about 12% of total Gulf of Mexico crude oil production, or about 200,000 bpd.

Med Red Land Bridge Inaugurates Operations Through EAPC Pipeline Network

The crude carrier contracted with Med-Red Land Bridge Company represents the first tanker to utilize the recently recommissioned 242 km (150 mi) pipeline owned by Europe Asia Pipeline Company.

Feds Critical of GOM Pipeline Abandonment Policy

The U.S. Government Accountability Office released a report that found the Department of Energy does not have “a robust oversight process” for ensuring the integrity of about 8,600 miles of active offshore oil and gas pipelines on the sea floor of the Gulf of Mexico.

Ukraine Faces Potential May Diesel Shortage, Traders Say

Rosneft, which supplied about 1.75 million tons of diesel to Ukraine last year via pipelines and railways, does not plan to resume exports next month and Belarus Mozyr refinery is set for planned maintenance from May 15 to June 15, traders said.

Project Canary to Measure Greenhouse Gases from Rio Grande LNG Facility

NextDecade Corporation and Project Canary announced the formation of a joint pilot project for monitoring, reporting, and measurement of the greenhouse gas intensity of LNG to be sold from NextDecade’s Rio Grande LNG export facility in Brownsville, Texas.

February's Cold Weather Shut More U.S. Refinery Capacity Than Hurricane Harvey

A severe cold spell in mid-February knocked out a third of U.S. oil refining capacity, according to data compiled by Reuters and Wood Mackenzie.