Business News
API’s May Data Report Shows Signs of Industry Recovery
New data from the American Petroleum Institue (API) during the month of May shows the U.S. energy market may be headed for a swift recovery.
U.S. Shale Companies to Boost Oil Output by 500,000 Bpd by July
According to industry analysts, U.S. shale producers are expected to restore roughly 500,000 bpd of crude oil production by the end of the month.
Russia's Gazprom Seeks to Retroactively Raise Price of Gas Sold to Poland
Russia's Gazprom is looking to retroactively raise the price of natural gas sold to Polish gas company PGNiG since 2017.
Dominion Seeks More Time to Complete Atlantic Coast Pipeline
Dominion Energy has requested more time from U.S. energy regulators to complete its long-delayed Atlantic Coast pipeline, even after receiving a favorable ruling from the U.S. Supreme Court on Monday.
Texas Could Tighten Some Natural Gas Flaring Rules by Fall
The head of Texas' energy regulatory body said they could look at tightening the states flaring regulations as early as this fall.
Trump Administration Takes Keystone XL Dispute to Supreme Court
The Trump Administration has asked the U.S. Supreme Court to revive a permit program that was suspended by a lower court earlier this year in a case against the Keystone XL pipeline.
Iraq Agrees on Deeper Output Cuts in June — Sources
Iraqi officials said the country has agreed with the operators of its major oil fields to comply with production cuts agreed upon by OPEC+ earlier this month.
Canada's Trans Mountain Pipeline Restarts After Oil Spill
Canada's Trans Mountain Pipeline has been restarted after shutting on Saturday following an oil spill at a pump station in British Columbia.
U.S. Supreme Court Sides with Atlantic Coast Pipeline in Appalachian Trail Dispute
The U.S. Supreme Court ruled on Monday in favor of the Atlantic Coast Pipeline, stating the federal government has the authority to allow the $7.5 billion natural gas pipeline to cross under the Appalachian Trail.
Michigan Court Rules Enbridge Tunnel Deal Constitutional
An appeals court in Michigan has ruled that a deal struck between Canadian pipeline company Enbridge and the state's former Republican governor to build a tunnel to house the company's oil pipeline under a portion of the Great Lakes was constitutional.
Ukraine’s Big Bet: Upgrading, Expanding Gas Transmission Networks
The World Bank will spend $250 million to improve the efficiency of Ukraine’s Gas Transmission System Operator (GTSO). One key goal of this ambitious project is “to strengthen its technical and institutional capacity.”
How Pipelines Are Solving Texas’ Flaring Problem
To curb the amount of flaring in the Permian basin and to relieve congestion requires significantly more gas offtake pipeline capacity. Fortunately for both the environment and production companies, the Gulf Coast Express has just come online, and the Permian Highway Pipeline and the Whistler Pipeline are underway, possibly to be joined by the Permian Pass Pipeline in the future.
Post-Kingfisher Guidelines for Gathering, Transportation Agreements
The recent Kingfisher case provides guidelines that midstream companies should address when evaluating their existing contracts or entering into new ones.
Libya's Sharara Oilfield Declares Force Majeure After New Shutdown
Days after Libya's Sharara oilfield had resumed production, armed militants forced production to halt again causing the country's National Oil Corporation (NOC) to declare force majeure.
Oil Climbs After OPEC+ Extends Output Cuts to End-July
Oil prices rose to their highest levels in months early Monday as OPEC+ announced a deal to extend production cuts, but lost steam as some producers said they won't maintain additional reductions.
Trans Adriatic Pipeline Enters Initial Testing Phase
The Trans Adriatic Pipeline has begun testing flows of natural gas on 2.5-mile section at the Greek-Albanian border as it moves toward European deliveries later this year, but the bidding phase was postponed due to the global market downturn.
Libyan Oil Pipeline, Oilfields Reopen After Months of Blockade
Libya has restarted one of its oil pipelines and production at two of its major oil fields after months of blockade due to the ongoing conflict in the country.
Midstream Making Sense of Ongoing Coronavirus Shockwaves
On Easter Sunday when all of America’s churches were silent, President Trump, who earlier had wished they could be filled with worshipers, was helping broker a final oil production agreement among nearly two dozen producing nations as a way of easing the global glut of crude at a time when the coronavirus (COVID-19) had eliminated millions of barrels of daily demand.
U.S. Senators Propose Tighter Sanctions on Nord Stream 2
Several U.S. senators introduced a bill on Thursday that would expand sanctions on Russia's Nord Stream 2 gas pipeline which Washington says will increase Moscow's influence in Europe.
China Oil Demand Recovery Positive Sign for Industry
China's oil demand has recovered remarkably well in the past few weeks, a move that industry analysts hope will be mirrored as other countries emerge from pandemic lockdowns.
OPEC+ Keen to Slow U.S. Shale Recovery as Oil Prices Rally
As U.S. shale production begins to show signs of recovery, OPEC and its allies are looking to keep prices low in an effort to prevent another market oversupply.
Ecuador Declares Force Majeure After Oil Pipeline Shutdown
Soil erosion which damaged the primary oil pipeline in Ecuador has caused the country to declare force majeure on exploration and production until the pipeline can be repaired.
Enbridge Line 3 Replacement Project Faces New Delay Over Water Concerns
Enbridge's Line 3 replacement project is facing months of further delays after Minnesota regulators agreed to hold a public hearing this summer to discuss environmental concerns about the project.
Poland May Fine Gazprom Over Nord Stream 2 Pipeline Case
Polish regulators are considering fining Gazprom over $56 million related to anti-monopoly proceedings against the company's Nord Stream 2 pipeline.
U.S. Shale Producers Begin Restoring Output as Oil Prices Turn Higher
As oil prices begin to recover, U.S. shale producers are beginning to reverse production cuts made earlier in the year as demand plunged due to the coronavirus pandemic even as other major oil-producing countries consider extending production cuts.
Trans Mountain Expansion Starts Work in British Columbia
Work has begun on the embattled Trans Mountain pipeline expansion after billions of dollars in increased costs and several legal challenges threatened to derail the project.
U.S. Senators to Announce Sanctions Bill on Nord Stream 2 Pipeline
A group of U.S. senators is expected to announce legislation on Wednesday that would expand sanctions levied against the controversial Nord Stream 2 gas pipeline led by Russia's Gazprom.
Ecopetrol Extends Subsidies, Increases Pipeline Financing Assistance
Columbia's state-run oil company Ecopetrol announced on Friday that it is extending tariff subsidies and financing programs for oil shippers in South American country to help ease the burden of falling oil prices due to the pandemic.
Algeria's Sonatrach Becomes Majority Shareholder in Medgaz Pipeline
Algeria's Sonatrach has acquired an additional 19.10% stake in the Medgaz Pipeline making it the largest shareholder in the offshore natural gas pipeline.
LNG Deliveries to U.S. Export Facilities Decline to Lowest Level Since 2019 - EIA
According to data released from the U.S. Energy Information Administration (EIA), deliveries of natural gas to U.S. export facilities fell during most of the month of May to levels not seen in almost two years.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Midstream Prepares for Trump's Upcoming Regulatory Changes
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
