Business News

Shell Considering Mars Pipeline Expansion

Shell Midstream Partners LP expects to take final investment decisions on expanding its Mars crude oil pipeline system in the Gulf of Mexico in the first half of the year, Chief Executive Kevin Nichols said on Thursday.

North Dakota Regulators Approve Dakota Access Pipeline Expansion

North Dakota regulators on Wednesday unanimously approved expanded capacity for the Dakota Access pipeline, saying they believed the project had met exhaustive state and federal requirements.

Energy Transfer Signs NGL Transportation, Processing Agreement

Energy Transfer LP said on Wednesday it signed agreements with an undisclosed company for the gathering, processing, transportation and fractionation of natural gas liquids (NGLs) in the Eagle Ford shale basin through 2034, and the Delaware basin through 2040.

Canada Rail Company Lays Off 1,000 Staff Under Blockade Pressure

Canada's passenger rail company on Wednesday said blockades by demonstrators had forced it to temporarily lay off 1,000 employees, adding to pressure on Prime Minister Justin Trudeau to solve a two-week protest.

Canada Seeks Peaceful End to Rail Blockade as Pressure Builds

Canada is seeking a peaceful end to a rail blockade that has shut down freight and passenger traffic, Prime Minister Justin Trudeau said on Tuesday, amid increasing pressure from the Conservative opposition to clear the tracks.

Mexico's Pemex Signs Contracts for New Oil Projects — CEO

Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of projects, the state-owned company’s chief executive said.

Gas Prices Fall to Lowest Level Since 2016, Lowest February Prices in 20 Years - EIA

New data released last week by the U.S. Energy Information Administration (EIA) reveals that LNG prices reached their lowest February closing price for the near-month contract in almost 20 years.

Qatar Delays Natural Gas Partnership Expansion Amid Price Collapse — Sources

Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.

Gas Line Fire at Citgo Corpus Christi, Texas Under Control

A gas pipeline fire at Citgo's 157,500 barrel-per-day refinery in Corpus Christi, Texas on Monday morning is under control and air-quality monitoring suggests it is safe for residents to leave their homes, a city official said.

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.

Federal Judge Orders Recall of Non-Standardized Pipeline Flanges

Judge Andrew S. Hanen of the United States District Court for the Southern District of Texas, Houston Division has issued a permanent injunction and ordered a recall of flanges made by Spanish company, Ulma Forja – part of the Mondragon Corporation – and its U.S. subsidiary, Ulma Piping.

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.

Texas Railroad Commission Adopts New Pipeline Safety Rules

Texas regulators have adopted new safety rules that prohibit natural gas distribution pipeline operators from installing underground cast iron, wrought iron or bare steel pipelines.

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.

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.

FERC Boosts Natural Gas

An order issued by the Federal Energy Regulatory Commission (FERC) in December against state subsidies for nuclear and renewable energy – called “out-of-market subsidies” – apparently gives a big boost to electric utilities using natural gas and the pipelines that feed them.

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.

North Dakota, Tribe to Develop Pipeline Spill Plan

North Dakota will work with the Standing Rock Sioux Tribe to help develop a response plan for a potential spill of the Dakota Access pipeline, a state official 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.

Lawyer for Indigenous Contends Government Delayed Spill Reports

A Squamish Nation lawyer told a Canadian Court that the government delayed sharing critical documents about spill risks related to expanding its oil pipeline, in some cases waiting until after the conclusion of consultations with indigenous communities.

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.