Business News
Chevron to Buy Noble in Biggest U.S. Energy Deal Since Oil Crash
Chevron said on Monday it would buy Noble Energy for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.
Michigan Asks Enbridge to Pledge Funds in Case of Oil Spill
Michigan officials have asked Enbridge to set aside nearly $2 billion to cover the costs should a spill occur in the portion of its Line 5 oil pipeline which runs under the Straits of Mackinac.
ChemChina Buys Gazprom Neft's First Arctic Oil Cargo for China — Sources
Gazprom Neft has sold its first ever oil cargo to China to be delivered via Arctic shipping routes to ChemChina according to sources.
Trump Revamps Key Environmental Law in Bid to Fast Track Pipelines
President Trump announced plans on Wednesday to expedite the permitting process for major infrastructure projects, including oil and gas pipelines.
OPEC+ Eases Record Oil Cuts as Economy Recovers from Pandemic
OPEC and its allies have agreed to ease production cuts established earlier in the year as the global economy begins to recover from the coronavirus pandemic but fears of a second wave of infections could hamper the market recovery.
U.S. Extends Sanctions on Companies for Work on Russian Pipelines
U.S. Secretary of State Mike Pompeo announced on Wednesday that the country will be extending sanctions against companies working on two major Russian pipelines if the firms do not halt their work.
U.S. Appeals Court Grants Dakota Access Temporary Stay of Shutdown Order
A U.S. appeals court has granted the Dakota Access pipeline a temporary stay to allow the line to continue flowing during the legal proceedings.
Guest Commentary: The Two-Front War on Pipelines
Pipeline opponents have raised their game, skillfully and aggressively scoring wins against projects on two fronts: in the courts and regulatory proceedings on both the federal and state sides.
DNV GL Certifies Carbon Fiber PA12 for Thermoplastic Composite Pipe
In February, several years of hard work paid off for the pioneers of TCP with the release of the first full-carbon, fiber-based material qualification certificate that complies to the DNV GL ST-F119 TCP industry qualification standard.
Senate Water Infrastructure Bills Pass Committee
Two separate bills passed by the Senate Environment and Public Works Committee will increase authorization levels for the Environmental Protection Agency’s Clean Water and Drinking Water State Revolving Funds.
FERC Policy Statement on ROE Favors Pipelines
A new FERC policy on interstate oil and gas pipeline return on equity (ROE) follows a similar policy concerning utility lines but allows for the differences between the two industries.
Kinder Morgan Says 7th Elba Island Unit Ready
Kinder Morgan has asked regulators to approve the 7th liquefaction train at its Elba Island LNG export facility in Georgia.
FERC Approval Gives Alaska LNG 10 Years to Start Operations
Federal authorization for the Alaska liquefied natural gas (LNG) project sets a 10-year deadline to start operating the gas pipeline and liquefaction plant, twice as much time as regulators have generally allowed for other U.S. LNG export terminal developers to build multibillion-dollar facilities.
A Little Good News from Back East
The pipeline industry in the U.S. Northeast finally got some positive news on the permitting front, when New Jersey Natural Gas (NJNG) received the go-ahead to move forward with construction work on a controversial 30-mile (48-km) section of the Southern Reliability Link (SRL) pipeline in New Jersey.
Oil Rises as International Energy Agency Boosts Demand Forecast
The International Energy Agency increased its outlook for 2020 fuel demand causing oil prices to rise on Friday but rising coronavirus cases in the U.S. tempered expectations for a quick recovery.
Energy Industry Veterans to Launch Hydrogen Investment Fund
As more governments are looking to hydrogen to fill in clean energy gaps, two energy industry veterans are planning to launch an investment fund focused on advancing use of the fuel.
U.S. Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown
A federal court judge has rejected the latest request from Dakota Access to stay a shutdown order issued for the 570,000-bpd oil pipeline, allowing the company to appeal to a higher court.
Cyprus to Get First Natural Gas Import Terminal
Cyprus officially began work Thursday on the country's first-ever natural gas import terminal.
Dakota Access Seeks Stay of Pipeline Shutdown Order Pending Appeal
Dakota Access has asked a federal court to stay its previous order to shut down and empty the pipeline within 30 days while an appeal of the decision is decided.
Bulgartransgaz Offered Over $600 Million to Complete TurkStream Expansion
Bulgaria's state-owned Bulgartransgaz said it has received offers totaling more than $600 million to help complete an expansion of the TurkStream gas pipeline.
U.S. Crude, Natural Gas Demand to Fall in 2020, Oil Decline Less than Forecast — EIA
New data released from the U.S. Energy Information Association forecasts a decline in domestic oil and natural gas production for 2020 with the decline in oil production to be less than previously forecast.
Judge Denies Dakota Access Initial Motion to Stay Pipeline Shutdown Order
A federal judge has denied a request from owners of the Dakota Access pipeline to stay a shutdown order passed down on Monday requiring the pipeline to be shut and emptied within 30 days.
Russian Vessel Able to Complete Nord Stream 2 Pipeline Departs from German Port
A Russian vessel that has the capabilities needed to complete the Nord Stream 2 pipeline has left the project's staging area in Germany where it was docked.
China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources
China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.
Rangeland Midstream Canada Brings Marten Hills Pipeline System into Service
The Marten Hills Pipeline System from Rangeland Midstream Canada has entered service.
Dakota Access Pipeline Shutdown May Revive Oil-by-Rail Industry
The court-ordered shutdown of the Dakota Access pipeline on Monday may provide a much-needed boost to the oil-by-rail industry.
Pipeline Shutdown Adds to Record Decline in U.S. Natural Gas Output
Unplanned maintenance on TC Energy's Mountaineer Xpress Pipeline helped push U.S. natural gas output on Tuesday towards its lowest point since September 2018.
U.S. Energy Dept. Approves Jordan Cove LNG Exports
The U.S. Department of Energy has approved LNG exports from the proposed Jordan Cove LNG project in Oregon, the first on the country's West Coast.
U.S. Court Orders Dakota Access Pipeline Shut, Emptied
A U.S. District Court has ordered Energy Transfer to shut down and empty its controversial 570,000 bpd Dakota Access oil pipeline within 30 days.
Berkshire Hathaway Energy to Acquire Dominion Energy’s Gas Transmission and Storage Business
Berkshire Hathaway has agreed to purchase Dominion Energy's natural gas transmission and storage business for almost $10 billion.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
