Business & Markets

FERC Policy Statement on ROE Favors Pipelines

A new FERC policy on interstate oil and gas pipeline return on equity (ROE) follows a similar policy concerning utility lines but allows for the differences between the two industries.

Kinder Morgan Says 7th Elba Island Unit Ready

Kinder Morgan has asked regulators to approve the 7th liquefaction train at its Elba Island LNG export facility in Georgia.

Nigeria Will Boost Compliance with OPEC+ Cuts — SPA

In a call with Suadi Arabia's oil minister, his Nigerian counterpart confirmed that his country would comply 100% with the agreed-upon OPEC+ production cuts and will compensate for their overproduction in May and June.

FERC Approval Gives Alaska LNG 10 Years to Start Operations

Federal authorization for the Alaska liquefied natural gas (LNG) project sets a 10-year deadline to start operating the gas pipeline and liquefaction plant, twice as much time as regulators have generally allowed for other U.S. LNG export terminal developers to build multibillion-dollar facilities.

U.S. Natural Gas Output Rises After Mountaineer Express Pipeline Returns

U.S. natural gas production rose over the weekend after TC Energy Corp’s Mountaineer Xpress pipeline in West Virginia returned to service following unplanned work, according to the company and data from Refinitiv.

Oil Rises as International Energy Agency Boosts Demand Forecast

The International Energy Agency increased its outlook for 2020 fuel demand causing oil prices to rise on Friday but rising coronavirus cases in the U.S. tempered expectations for a quick recovery.

Energy Industry Veterans to Launch Hydrogen Investment Fund

As more governments are looking to hydrogen to fill in clean energy gaps, two energy industry veterans are planning to launch an investment fund focused on advancing use of the fuel.

U.S. Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown

A federal court judge has rejected the latest request from Dakota Access to stay a shutdown order issued for the 570,000-bpd oil pipeline, allowing the company to appeal to a higher court.

Cyprus to Get First Natural Gas Import Terminal

Cyprus officially began work Thursday on the country's first-ever natural gas import terminal.

Zhejiang Wins China's First Private Fuel Export License — Sources

Zhejiang Petroleum & Chemical Co has been granted a license to export fuel from the country to the international market, a first for a private oil company in the country.

Dakota Access Seeks Stay of Pipeline Shutdown Order Pending Appeal

Dakota Access has asked a federal court to stay its previous order to shut down and empty the pipeline within 30 days while an appeal of the decision is decided.

Bulgartransgaz Offered Over $600 Million to Complete TurkStream Expansion

Bulgaria's state-owned Bulgartransgaz said it has received offers totaling more than $600 million to help complete an expansion of the TurkStream gas pipeline.

U.S. Crude, Natural Gas Demand to Fall in 2020, Oil Decline Less than Forecast — EIA

New data released from the U.S. Energy Information Association forecasts a decline in domestic oil and natural gas production for 2020 with the decline in oil production to be less than previously forecast.

Judge Denies Dakota Access Initial Motion to Stay Pipeline Shutdown Order

A federal judge has denied a request from owners of the Dakota Access pipeline to stay a shutdown order passed down on Monday requiring the pipeline to be shut and emptied within 30 days.

Russian Vessel Able to Complete Nord Stream 2 Pipeline Departs from German Port

A Russian vessel that has the capabilities needed to complete the Nord Stream 2 pipeline has left the project's staging area in Germany where it was docked.

End of an Era? Series of Setbacks Bode ill for Big Pipeline Projects

A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources

China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.

Rangeland Midstream Canada Brings Marten Hills Pipeline System into Service

The Marten Hills Pipeline System from Rangeland Midstream Canada has entered service.

Dakota Access Pipeline Shutdown May Revive Oil-by-Rail Industry

The court-ordered shutdown of the Dakota Access pipeline on Monday may provide a much-needed boost to the oil-by-rail industry.

Pipeline Shutdown Adds to Record Decline in U.S. Natural Gas Output

Unplanned maintenance on TC Energy's Mountaineer Xpress Pipeline helped push U.S. natural gas output on Tuesday towards its lowest point since September 2018.

U.S. Energy Dept. Approves Jordan Cove LNG Exports

The U.S. Department of Energy has approved LNG exports from the proposed Jordan Cove LNG project in Oregon, the first on the country's West Coast.

Supreme Court Reinstates Permit 12 but Excludes Keystone XL

The U.S. Supreme Court reinstated use of the Army Corps of Engineers' Nationwide Permit 12 but refused to allow use of the fast-track permit to resume work on TC Energy's Keystone XL project.

Energy Transfer Vows to Keep Dakota Access Oil Flowing

Energy Transfer vowed to fight a court order to shut down and empty the Dakota Access oil pipeline, contending that U.S. District Judge James Boasberg overstepped his authority with the Monday ruling.

Berkshire Hathaway Energy to Acquire Dominion Energy’s Gas Transmission and Storage Business

Berkshire Hathaway has agreed to purchase Dominion Energy's natural gas transmission and storage business for almost $10 billion.

Denmark Gives Nord Stream 2 Nod to Restart Pipeline Work

Denmark has given approval for the Nord Stream 2 pipeline to use pipelaying vessels with anchors to complete work on the natural gas pipeline in Danish waters.

Developers Cancel Long-Delayed Atlantic Coast Pipeline

The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.

Subsea 7 Awarded Over $100 Million in North Sea, GOM Projects

Subsea 7 announced it has been awarded major contracts for work in the North Sea and in the Gulf of Mexico for subsea pipeline projects and additional infrastructure.

Equinor Plans UK Project to Produce Hydrogen from Natural Gas

Equinor is leading a project to build a plant in Britain that will produce hydrogen from natural gas in combination with carbon capture and storage, with pipelines to transport hydrogen for use by multiple industry and power customers.

Brazil's Petrobras Considers Offshore LNG Units for Pre-Salt Gas

Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said.

Record Debts Come Due for Canadian Energy Companies

The Canadian energy industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months. Maturing energy debts this year are more than 40% higher than 2019.