Business News

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.

Billion-Dollar LNG Project in Southern Mozambique Expected in 2020

A final investment decision on a $3.15 billion liquefied natural gas (LNG) project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said on Wednesday.

Hungary Ready to Discuss New Gas Supply Deal with Gazprom — Minister

Hungary is ready to start talks with Russia’s Gazprom about a new long-term gas supply deal, Hungary’s Foreign Ministry said on Monday.

Turkey, Azerbaijan Mark Completion of TANAP Pipeline

Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday, a milestone in a major project to help reduce Europe’s dependence on Russian gas.

Power of Siberia Natural Gas Pipeline Officially Begins Flows

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping officially launched the Power of Siberia pipeline on Monday that will transport natural gas from Siberia to northeast China.

Mexico to Build Pipeline From Port of Tuxpan to Yucatan Peninsula

According to President Andres Manuel Lopez Obrador, Mexico is planning to build a natural gas pipeline from the eastern port of Tuxpan to the Yucatan peninsula.

Canada Rail Strike Ends With CN, Union Deal

Canada’s longest railroad strike in a decade ended on Tuesday as Canadian National Railway Co, the country’s biggest railroad, reached a tentative agreement with workers that would help restore transportation of oil, chemicals, heating fuel, crops and more.

MOL Purchases Stake in ACG Oil Field, BTC Pipeline

MOL Group has agreed to purchase a stake in the ACG oil field in Azerbaijan and a stake in the BTC pipeline for $1.57 billion adding 20,000 bpd to the companies net production.

Kazakhstan Seeks to Join Russian Plans to Boost Gas Exports to China

Kazakhstan has told Russia it wants to join plans to boost gas exports to China proposing that a new pipeline being considered by Moscow connect through the Central Asia nation, Kazakh Prime Minister Askar Mamin said on Monday.

Egypt Signs $430-million Natural Gas Deal With Noble Energy

Egypt said on Saturday it had signed a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

Wisconsin Governor Signs Felony Pipeline Trespass Bill

Wisconsin Gov. Tony Evers signed into law a bipartisan proposal Wednesday making it a felony to trespass or damage oil or gas pipelines in the state.

Alberta Oil Curtailments to End 'No Later' Than This Time Next Year — Premier

The premier of Alberta, Canada's top oil-producing province, said this he hopes to end government curtailments on oil production by this time next year "at the latest."

FERC Approves Construction of Four LNG Export Projects in Texas

The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved the construction of four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity.

ESPO Pipeline Expansion Nears Completion, Asia-Pacific Counts for a Third of Russian Oil Shipments

Russia is about to complete a fresh expansion of its oil pipelines to the Pacific coast that will cement its role as a top Asian supplier and allow it to ship a third of its total oil exports to Asia-Pacific markets.

EIA: U.S. Set Records for Natural Gas Production, Consumption, Exports in 2018

The U.S. Energy Information Administration (EIA) said Monday that its Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.

Uzbekistan May Sell Stakes in State Energy Firms

Uzbekistan may soon sell shares in some its biggest state energy and mining companies, including pipeline operator Uztransgaz, the head of the state asset management body said.

Alternative to Congested Pipelines at Risk as Canada Rail Strike Looms

Canada's Teamsters notified Canadian National Railway of plans to strike Tuesday after a stalemate in contract negotiations, threatening an important shipping alternative to congested pipelines for Alberta's oil producers.

Noble Midstream to Purchase Noble Energy Midstream Assets for $1.6 Billion

Noble Midstream has agreed to purchase Noble Energy's remaining midstream assets for $1.6 billion.

Poland Says it Will Stop Importing Russian Gas Unless it Secures Better Contract

Poland’s state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms.

Allseas Installs Real-Time Pipelogger for Major Subsea Pipeline Project

Allseas installed WFS Technologies’ new Seatooth Pipelogger for the real-time measurement of process temperature on a subsea pipeline system. The pipeline system is designed to have a total gas throughput capacity of 31.5 Bcm per year.

FERC Approves Tallgrass Cheyenne Connector Pipeline

The Federal Energy Regulatory Commission (FERC) has given its final approval for the construction of Tallgrass Energy’s Cheyenne Connector pipeline, which will transport natural gas from Colorado’s DJ Basin to Cheyenne, Wyo., for Midwest delivery via the company’s Rockies Express Pipeline.

US Court Vacates Dominion Atlantic Coast Pipeline Permit

A permit allowing Dominion Energy to build the Atlantic Coast natural gas pipeline from West Virginia to North Carolina has been vacated by an appeals court.

TurkStream 2nd String to Cross Bulgaria, Serbia, Hungary

The second leg of the TurkStream gas pipeline is planned to go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak said, as Moscow prepares to phase out gas transit to Europe via Ukraine.

Blue Mountain Launches Open Season for Gathering Systems

Blue Mountain Midstream’s Wildcat subsidiaries launched an open season for new crude oil and water gathering systems and services in central Oklahoma.

PHMSA Issues Major Gas and Hazardous Liquid Safety Rules

Years after receiving congressional directives to change pipeline safety laws – with similar suggestions coming from the National Transportation Safety Administration – the federal pipeline safety agency finally issued two major rules, one directed at interstate gas pipelines the other at hazardous liquids pipelines.

LNG Investments Hit Record $50 Billion in 2019

Record investments of $50 billion have turned 2019 into a banner year for LNG, with Canada and the United States being the main drivers, the chief of the International Energy Agency (IEA) said.