Business News

LNG Steals Euro Market Share from Pipeline Gas, Breaking 4-Year Trend

Europe's two biggest suppliers of pipeline gas, Norway's Equinor and Russia's Gazprom, have lost market share for the first time in at least four years amid a tripling in LNG imports into the region over the past 10 months.

Bid for Inter Pipeline Highlights Strength of Canada's Midstream Sector

A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada’s midstream companies to offer insulation from volatile oil prices.

Lebanon Prime Minister Hopes for Decision in September on Disputed Gas Pipeline

Lebanese Prime Minister Saad al-Hariri said on Thursday after talks in Washington that he hoped for a final decision, possibly in September, on a proposal for resolving a maritime border dispute with Israel on a gas pipeline.

'Bright Spot' Midstream Sector Bucks Energy Bankruptcy Trend

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported, but the midstream fared better than other sectors.

Ukraine Preparing for Russian Gas Supply Cut if Transit Deal Falls Through

Ukraine's gas transport company Ukrtransgaz has upgraded several gas pumping stations so it can provide gas to eastern and southern regions of the country if there is a disruption in supply from Russia, the company said on Wednesday.

Montana Judge Sets Date for Keystone XL Lawsuit Hearing

A Montana judge won’t take up the latest dispute between the Trump administration and environmental groups over the proposed Keystone XL oil pipeline until this fall.

Cleaning Polish System After Russian Dirty Oil to Take at Least Six Months

Cleaning the Polish pipeline and storage system after it was contaminated with tainted oil from Russia in April will take at least six months, Poland’s minister responsible for energy infrastructure said on Wednesday.

Protesters Sue Over Arrests During Bayou Bridge Pipeline Protests

Three people protesting construction of a south Louisiana oil pipeline last year claim they were illegally arrested and assaulted in a lawsuit filed Friday against the pipeline’s owners, a security company, a sheriff and several state law enforcement officers.

Mid-East Group, Russia Split on Caspian Resources, Pipeline

Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth.

Midyear International Update: Pipeline Construction & Market Trends

Global demand for natural gas and the infrastructure necessary to deliver it is set to keep growing over the next five years, with ongoing increases in demand across underdeveloped Asian economies and the continued development of international gas trade.

Analyzing Pipeline Records Discrepancies Efficiently

The pipeline industry is working with an aging infrastructure, with about two-thirds of existing U.S. pipelines constructed before the 1980s. This creates unique challenges for analysis and decision making with the pipeline asset data.

Pipeline Constraints, Not Export Ban, Caused Big Price Differentials

Over the past decade, the primary U.S. crude benchmark, WTI, diverged considerably from its foreign counterpart, Brent, sometimes selling at a steep discount. Some studies pointed to the ban on exporting U.S. crude oil production as the main culprit for this divergence.

New NAFTA  Agreement: Pathway for Oil, Gas

A member of the energy intelligentsia in June, after the U.S.-Mexico dispute over immigration was calmed, noted President Donald Trump who was in Texas over that period delivered the message that he favors expanding infrastructure to bolster energy trade with Mexico.

EPA Expected to Crimp State Authority over Pipeline Approvals

The Environmental Protection Agency (EPA) was scheduled to release a proposed rule in August limiting the ability of states to delay or even prevent the building of pipelines by delaying approval of water quality certifications required under the Clean Water Act. The CWA’s Section 401 gives states a reasonable amount of time, defined as up to one year, to consider a pipeline’s application.

Energy Transfer in Talks to Build U.S. Gulf Coast Supertanker Crude Export Facility

Energy Transfer LP said on Thursday it was in discussions with potential shippers to build an export facility in Texas capable of handling supertankers, which can transport about 2 million barrels of crude.

Trump Administration Moves to Limit State Powers to Block Pipelines, Terminals

The Trump administration on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, part of the Trump administration's effort to boost domestic oil, gas and coal development.

U.S. Natural Gas Prices Continue to Drop as Demand Soars

U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling.

Virginia Pipeline Company Asks County to Remove Protesters

Attorneys for a company constructing a controversial natural gas pipeline through Virginia are asking a county judge to remove tree-sitters that are blocking work on the project. A federal court denied a similar request last week.

New U.S. Pipelines Poised to Start Price War for Shale Shippers

The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

Eni, Tunisia Government Extend Transport Deal to 2029

Italy’s Eni said it has renewed an agreement to continue transport of Algerian natural gas through Tunisia until 2029.

Egypt Agrees to Pay Israel $500 Million to End Gas Dispute

Egypt says it has struck a deal with the state-owned Israel Electric Corp to settle a fine for halting deliveries of natural gas.

Permian to Need More Crude Takeaway Capacity: WoodMac

Planned crude oil pipeline projects may result in a “moderate overbuild” of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is needed.

Anadarko Shareholders Approve $38B Occidental Buyout

Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another.

Activist Groups Urge Insurers to Drop Coverage of Oil Sands Pipeline

A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which carries crude from Alberta's oil sands to British Columbia's Pacific coast.

EnLink Midstream Founder Returns as CEO after Q2 Loss

EnLink Midstream’s executive chairman, Barry E. Davis, who led the company as CEO from its founding in 2014 to 2018, has resumed his role of CEO. The company announced its management change as it reported a net loss for the second quarter of 2019.

Confidence in New Permian Pipelines Lifts WTI Crude Prices Above Expectations

U.S. West Texas Intermediate (WTI) crude in Midland traded in positive territory for the first time in more than a month on Monday on expectations a new Permian pipeline will begin operation soon, traders said.

U.S. Now South Korea's 4th largest Oil Supplier

SEOUL (Reuters) - Just three years after lifting a ban on crude exports, the United States has overtaken Iran and the United Arab Emirates to become South Korea's fourth-largest oil supplier, displacing mainly oil from the Middle East.

Trump Administration Asks Judge to Dismiss New Keystone XL Lawsuit

The Trump administration and a Canadian energy company are asking a Montana judge to dismiss environmental groups’ legal challenge of a new presidential permit allowing construction of the Keystone XL oil pipeline across the U.S.-Canada border.

France's Total Sells Interest in Pipeline Network

Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for €260 million (about $290 million).

UGI Completes $1.28B Columbia Midstream Acquisition

Energy distributor UGI Corporation said its Energy Services subsidiary has completed an acquisition of equity interests of Columbia Midstream Group from TC Energy for $1.275 billion.