Business News

Freeport LNG Starts Commercial Operation of Train 2

Freeport LNG announced it has launched commercial operation of the second liquefaction train at its three-train facility, with initial gas deliveries from BP under a 20-year agreement.

Jordanians Protest Israeli Gas Deal

Hundreds of Jordanians demonstrated in downtown Amman on Friday, calling on the government to cancel an agreement in which Israel began pumping natural gas to the kingdom this year.

Global Pipeline Construction Outlook 2020

For those who thought producer retrenchment in U.S. shale basins, global trade wars or middling commodity prices would stop pipeline expansion dead in its tracks: Move along, folks. There’s nothing to see here.

Fecon

Fecon hydraulic coolers, designed to be mounted on compact tracked loader (CTL) and skid steer rooftops, enhance the performance of the carrier by maintaining the hydraulic fluid at optimal temperatures and viscosity.  This all-steel design weighs about 185 pounds plus mounting brackets, with adjust..

Energy Web Atlas Launches EWA Techlink to Enhance Data Offering

Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, today announced the availability of EWA TechLink, a new spatial research tool pairing comprehensive technical content with detailed project data.

China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute

China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.

TC Energy to Resume Work on Keystone XL Pipeline in February

Canadian pipeline company TC Energy Corp said on Tuesday it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of what it expects to be a busy work schedule for the long-delayed project.

Michigan Officials Request Line 5 Records from Enbridge

Michigan officials requested records from Enbridge Inc. on Monday in an investigation of the company's oil pipeline that runs beneath a channel linking two of the Great Lakes.

NOAA: Jordan Cove LNG Project Would Have Minimal Environmental Impact

Federal authorities have suggested the environmental impact of the proposed Jordan Cove LNG terminal and pipeline in southern Oregon would be minimal, saying the contentious project wouldn’t jeopardize protected species or adversely change their critical habitat.

New Permian Pipelines Boost U.S. Gulf Coast Crude Exports

Three new major pipelines coming out of the Permian Basin have helped crude exports from Corpus Christi, Texas surge in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas.

Mild Winter Sends U.S. Natural Gas Prices Tumbling: Reuters

U.S. gas prices have fallen even further in recent weeks as the market tries to avert a glut by encouraging power producers to maximize gas combustion and switch away from coal.

Belarus Halts Own Oil Exports to Germany, Russian Oil Transit Unaffected — Sources

Belarus' state oil company Belorusneft has suspended supplies of its own oil to Germany this month as Minsk needs to compensate for shortages of Russia-sourced oil amid a contract dispute with Moscow, four industry sources told Reuters on Friday.

Work Resumes on Canada's Coastal GasLink Pipeline Over Indigenous Opposition

Construction of the C$6.6-billion ($5-billion) Coastal GasLink pipeline in western Canada resumed this week, after an indigenous group that opposes the project had ordered its workers off their territory.

Turkey, Russia Launch TurkStream Pipeline

The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow's efforts to reduce shipments via Ukraine.

U.S. Department of Energy Awards $25 Million to Improve Natural Gas Operations

The U.S. Department of Energy (DOE) has selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development.

Oil Prices Surge After U.S. Air Strikes In Iraq

Oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.

French Union Extends Blockade of Fuel Deliveries from Total Refinery

France's hardline CGT trade union voted on Monday to extend a blockade of outbound fuel deliveries from Total's Grandpuits refinery near Paris until Jan. 6 as part of nationwide protests against a planned pensions reform.

U.S. Gas Volatility Diminishes on Higher Output and Exports

Traditionally severe seasonal swings in inventories and prices are being softened by surging domestic production and the increasing international integration of the U.S. gas market through LNG exports.

New England Power and Gas Prices Spike During Cold Snap

Natural gas and power prices in New England spiked to their highest since last winter as a cold snap froze the six-state region. Next-day gas prices for Thursday jumped almost 25% to $14.50 per mmBtu, their highest since January, for a second day in a row.

Orsted Divests LNG Business to Glencore

Danish energy group Orsted said on Wednesday it has agreed to divest its liquefied natural gas business to trading house Glencore.

Noble Midstream Moves to NASDAQ from NYSE

Noble Midstream Partners announced that it will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective Dec. 27, 2019 after market close.

U.S. Sanctions Could Hit Nord Stream 2 Construction in Danish waters

Germany believes a new U.S. law imposing sanctions on companies building Russia's contested seabed Nord Stream 2 pipeline could affect ongoing construction works off the coast of Denmark, Bild newspaper said, citing a government document.

Tallgrass Energy Accepts Sweetened Buyout Deal from Blackstone

U.S. pipeline operator Tallgrass Energy said on Tuesday it accepted a sweetened offer from a Blackstone-led group that values the company at about $6.3 billion.

Honeywell Acquires Rebellion Photonics, a Developer of Gas Monitoring Solutions

Honeywell said it has acquired Houston-based Rebellion Photonics, a provider of intelligent, visual gas monitoring solutions for the oil and gas, petrochemical and power industries.

Canada Court Hears from Trans Mountain Pipeline Foes

A Canadian court began hearing arguments on Monday from Indigenous groups who oppose the federal government's plan to expand its Trans Mountain pipeline, a project aimed at easing the country's severe oil transport bottlenecks.

Canadian Producer Raises Budget as Alberta Bottlenecks Ease

Canadian oil producer Cenovus Energy Inc said on Tuesday it would spend nearly a quarter more in 2020, after the province of Alberta lifted some curtailments on new oil wells last month.

U.S. Senate Approves New Energy Secretary

Dan Brouillette, President Donald Trump’s pick to succeed Rick Perry as energy secretary was confirmed by the Senate on Monday.

Engie Brazil Wants to Buy Remaining Stake in TAG — CEO

Engie Brazil's CEO says the company is looking to buy the government out of its 10% stake in TAG.

U.S. Crude Output Rises to Record 12.5 Million Bpd in September — EIA

U.S. crude oil production in September rose 66,000 bpd to a new record of 12.46 million bpd, up from 12.397 million bpd in August, the U.S. government said in a monthly report on Friday.

State Sponsored Qatari LNG Projects Could Hurt North American Projects

Proposed North American LNG export projects may face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world’s leading LNG exporter.