Business News
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.
Denmark Gives Nord Stream 2 Nod to Restart Pipeline Work
Denmark has given approval for the Nord Stream 2 pipeline to use pipelaying vessels with anchors to complete work on the natural gas pipeline in Danish waters.
Petrobras Enters Binding Phase in Sale of 10% Stake in NTS Gas Pipeline
Brazil's state oil firm Petrobras has begun the binding phase in the sale process of its 10% remaining stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), it said in a securities filing on Friday.
Energy Transfer Moves to Prevent Cancellations on Dakota Access Expansion — Sources
Energy Transfer has reportedly invoked force majeure in order to prevent oil companies from canceling contracts to ship crude oil on the company's proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter.
Canada's Supreme Court Dismisses Appeal Against Trans Mountain Pipeline
Canada's Supreme Court has dismissed a lower court appeal filed against the Trans Mountain pipeline removing one of the last remaining hurdles of the expansion project.
Japan's Investment Drive in LNG Faces Risk of Souring — Study
Japan's banks and public agencies have funneled nearly $25 billion into liquefied natural gas (LNG) projects since 2017 but the investments may sour as prices plummet from the COVID-19 pandemic and as climate change risks rise, a new study shows.
Alaska Officials Approve BP's Sale of Pipeline, Oil Leases to Hilcorp
Alaskan energy officials on Monday approved the sale of BP's pipeline and oil and gas assets to Hilcorp Energy as part of a previously announced multi-billion dollar deal.
Chesapeake Asks to Cancel Pipeline Contracts Amid Bankruptcy Filing
Chesapeake Energy is looking to cancel more than $300 million worth of pipeline contracts as part of its Chapter 11 bankruptcy proceedings.
Black Bear Transmission Announces Purchase of Gas Pipeline Assets
Black Bear Transmission has announced the purchase of natural gas pipeline assets from Third Coast Midstream.
EU Prepares Response to Nord Stream U.S. Sanctions Threat
The European Union is preparing measures to protect itself against proposed U.S. sanctions against European companies involved in the construction of the Nord Stream 2 pipeline.
Chesapeake Energy Bankruptcy Delivers Hit to Reeling Pipeline, Service Firms
A bankruptcy filing by Chesapeake Energy will deliver a hard blow to pipeline and service companies already struggling from the collapse in energy demand brought on by the coronavirus pandemic.
Sasol to Sell Stakes in Mozambique Pipeline, Power Plant — Sources
According to two sources, Sasol is looking to sell its stakes in a Mozambique pipeline as well as a power plant in the country.
Michigan Judge Orders Immediate Shut Down of Enbridge Line 5 Leg
A Michigan judge has granted a request from the state Attorney General to order the immediate shutdown of a portion of Enbridge's Line 5 which runs under a stretch of the Great Lakes.
Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal
A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.
PHMSA Issues Final Rule for Transportation of LNG by Rail
The U.S. Pipeline and Hazardous Materials Safety Administration have released its final rule on the transportation of LNG by rail.
KBR to Exit LNG, Energy Business
Engineering and construction firm KBR told investors and employees that the company will no longer be involved in LNG or other energy projects as the company refocuses on other core aspects of its business.
ADNOC Signs $10 Billion Gas Pipeline Deal
ADNOC has signed a $10 billion investment deal with a consortium of investors for a stake in its natural gas pipeline assets.
Mozambique Government Offers $2.25 Billion Funding Guarantee to LNG Project, Says Report
The Mozambique government has offered a $2.25 billion funding guarantee to partners in the Mozambique LNG project being led by French energy giant Total.
Buyers of U.S. LNG to Cancel 40-45 Cargoes for August Loading: Sources
Industry sources are anticipating buyers of U.S. LNG to cancel between 40-45 cargoes for August loading due to slower economic recovery in Asia and larger than expected stocks in Europe.
EPA Fines Enbridge $6.7M Over Pipeline Safety Issues
The U.S. Environmental Protection Agency (EPA) has fined Enbridge nearly $7 million for allegedly failing to quickly resolve pipeline safety issues.
Pipeline Theft Falls in Brazil's Sao Paulo, as Petrobras Cracks Down
Fuel thefts from oil pipelines in Brazil's Sao Paulo have fallen by 60% according to Petrobras, the state-owned oil firm, as investments in theft prevention measures appear to be paying off.
Oil Price Structure Sparks Storage Draw Down
Oil’s price structure for Brent and U.S. crude has caused storage to be drawn down, signalling a recovery in global markets and tighter supplies as major producers cut output
China Could Top Japan's LNG Imports in 2020 as Coronavirus Cuts Demand
The unusual market conditions brought on by the coronavirus pandemic may cause LNG imports into China to surpass Japan much sooner than expected, according to an industry analyst.
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.
- 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
