Business News

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.

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.

Corps: No More Dakota Access Pipeline Study Needed

The Army Corps of Engineers has determined that no further environmental study is needed on the Dakota Access Pipeline.

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.

Kinder Morgan Reports 'Momentous' Third Quarter

Kinder Morgan reported what CEO Steve Kean described as a "momentous" third quarter Wednesday as the company achieved a 13% increase in natural gas transport volumes and the completion of major pipeline and LNG projects in the period ended Sept. 30.

Phillips 66 Sets Rates for Gray Oak Crude Pipeline

— Phillips 66 Partners LP set spot rates of $4.75 a barrel to ship crude on its new 900,000-barrel-per-day (bpd) Gray Oak crude pipeline within points in Texas, according to a filing this week.

Senate Pipeline Bill Differs from House Bill

The Senate and House appear to be on a bit of a collision course with regard to reauthorization of the pipeline safety program at the Pipeline and Hazardous Materials Safety Administration (PHMSA). Key committees in each of the two houses of Congress have passed bills that have different provisions and share only a few provisions.

EPA Proposes Limits on State Barriers to Pipeline Construction

The Environmental Protection Agency (EPA) is moving ahead with an effort to prevent states from blocking pipeline projects by delaying or rejecting Clean Water Act certifications.

BP to Quit Alaska after 60 Years with $5.6 Billion Sell-Off

BP said it will sell all its Alaskan properties to Hilcorp Energy in a $5.6 billion agreement and exit the region where it has operated for 60 years.

Clean-Up of Polish Section of Druzbha Pipeline Could Take a Year

The operator of the Polish section of the Druzbha oil pipeline said it could take up to a year to completely clean its part of the network after a major Russian oil contamination this year, the RIA news agency reported.

Nice Try, But No Surcharge

After striking out on its U.S. Commerce Department request for exemption from steel tariffs, Plains All American tried a new approach this year – and promptly whiffed again.

Enbridge Urges Canadian Regulator to Not Intervene in Pipeline Plan

Enbridge asked Canadian energy regulators not to intervene in the company’s proposal to restructure contracts on its Mainline network.

Beyond-Visual-Line-of-Sight Drone Inspects Trans-Alaska Pipeline

Researchers at the University of Alaska Fairbanks recently made history by completing the first true beyond-visual-line-of-sight (BVLOS) flight under the small unmanned aircraft systems (UAS) rule.

National Grid Says it Will Reconnect Gas Customers After NY Order

National Grid Plc said on Monday it was taking steps to reconnect about 1,000 natural gas customers in New York City and Long Island following a state order after the utility previously refused to reinstate service, citing short supply.

Price Spikes in New England Limited by Natural Gas

It seems like each winter we see consumers in New England suffering not just from freezing temperatures but also the highest energy prices in the country – largely because there’s not enough natural gas infrastructure to serve the region during periods of peak winter demand. This past winter, the news was a little bit better.

Northeast Energy Outlook, 2020: It Takes More than Good Vision

The topography in America’s northeast region can be tricky. It is craggy, unpredictable and a bit cranky, as befits the cradle of the United States democratic experiment.

Brazil’s LNG-to-Power Complex Funded; Phase 2 Underway

The Gas Natural Açu (GNA) joint venture between Prumo Logistica, BP and Siemens – developer of Brazil’s largest infrastructure project – has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW first phase of its LNG-to-Power complex at the Port of Açu.

Global Oil Majors See Surge in Indian Demand for Natural Gas

Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.

Italy's Snam Looking to Raise Hydrogen Mix in Its Pipelines

Italy’s Snam is planning to inject more hydrogen into its gas pipeline network and will be able to count on the backing of Rome as the new government rolls out its new climate package.

Enbridge Offers Tribe At Least $24M to Settle Pipeline Lawsuit

Enbridge Energy has offered the Bad River Band of Lake Superior Chippewa at least $24 million to settle a lawsuit the tribe filed to shut down and remove the Line 5 pipeline from its reservation in northern Wisconsin.

NJ Denies Permits for Proposed Natural Gas Pipeline

New Jersey Gov. Phil Murphy says his administration has rejected a proposed 120-mile long natural gas pipeline that would start in Pennsylvania and end in New Jersey.

Judge Weighs Renewed Keystone XL Arguments

A Montana judge must decide whether to once again block the proposed Keystone XL oil pipeline or side with U.S. government attorneys who want him to uphold President Donald Trump's permit to cross the U.S.-Canada border.

Ukraine Wants Long-Term Gas Transit Deal With Russia

Ukraine wants a long-term gas transit contract with Russia based on European standards, the prime minister said on Wednesday, adding Kiev would not agree to a short-term deal that Moscow seeks.

EIA Expects Natural Gas Output, Demand Rising to Record Highs in 2019

U.S. dry natural gas production will rise to an all-time high of 91.63 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd last year, the Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.

Occidental Delays Plans to Divest Western Midstream

Occidental Petroleum Corp has put plans to divest part of its ownership in pipeline operator Western Midstream Partners on hold until next year, after failing to attract an offer it deemed attractive, people familiar with the matter said on Friday.

Gazprom: Nord Stream 2 Cost Would Rise by 'Hundreds of Millions' to Bypass Denmark

An alternative route bypassing Danish waters for the construction of the undersea Nord Stream 2 gas pipeline would cost “hundreds of millions of dollars,” the chairman of Russian gas company Gazprom told Reuters.

U.S. Supreme Court to Hear Appalachian Trail Pipeline Fight

The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump's administration of a lower court ruling that halted construction on a natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia.

Bulgartransgaz to Seek 150 Million Euro Loan to Finance Gas Pipeline

Bulgarian state gas firm Bulgartransgaz is seeking a short-term loan of 150 million euros ($164.36 million) to help finance advance payments for the Bulgarian extension of the TurkStream gas pipeline project, it said on Thursday.

Israel to Increase Gas Exports to Egypt via EMED Pipeline

Israel is significantly increasing the amount of natural gas it plans to export via the Eastern Mediterranean (EastMED) Pipeline to Egypt under a landmark deal, Israeli energy companies said on Wednesday.

Minnesota Regulators Restart Line 3 Pipeline Review Process

State utility regulators on Tuesday unfroze the approval process for Enbridge Energy's plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, directing a state agency to fix the deficiencies identified by a court in the project's environmental review.