Business News
Keystone XL Pipeline Likely to Face Delays After U.S. Court Denies Stay
A U.S. court ruling from last month that would impose delays and increase permitting costs for major pipeline projects in the U.S. was not overturned by an appeals court this week.
Sinopec to Build $2.8 Billion LNG Terminal in Eastern China
Sinopec has contracted with the city of Zhoushan on China's eastern coast to build a $2.8 billion LNG import terminal.
U.S. Senators Weigh Additional Nord Stream 2 Sanctions
Two U.S. senators are considering leveraging additional sanctions against Gazprom's Nord Stream 2 pipeline.
Alberta Cuts Oil Output by 1 Million Barrels Per Day: Minister
The energy minister of Alberta, Canada's oil-producing province, has informed OPEC that the province has cut 1 million barrels per day (bpd) in production since many of the largest oil-producing countries around the world agreed to production cuts.
India Looks to Store Cheap Oil in United States — Oil Minister
India's oil minister said the country is exploring the possibility of storing some of the excess oil it purchased from the U.S. in American storage facilities.
U.S. LNG Exports Drop More Than a Third as Pandemic Shrinks Demand
According to data from multiple gas trading houses, LNG exports from the U.S. have fallen by more than a third since the early part of this year.
Sempra Energy Delays Port Arthur LNG Project Decision to 2021
Citing market concerns caused by the coronavirus pandemic, Sempra LNG, a subsidiary of Sempra Energy, announced it has delayed an investment decision regarding its Port Arthur LNG project until 2021.
Russian Gas Transit via Poland Has Nearly Stopped: Ifx
Flows of natural gas from Russia across Poland on the Yamal pipeline have almost completely stopped barely a week after a transit deal between the two countries expired.
Blackstone's EagleClaw Midstream Sues Caprock Over Troubled Seal
EagleClaw Midstream, owned by the Blackstone investment group, is suing the former owners of Caprock Midstream for allegedly failing to disclose millions in outstanding liabilities before the company closed an acquisition deal.
U.S. Oil Output from Major Shale to Reach Nearly Two-Year Low in June — EIA
New data from the U.S. Energy Information Administration expects oil output from seven major shale operations in the U.S. to fall by nearly 200,000 bpd in June.
Alaska LNG Project Receives FERC Authorization, but Doubts Loom
Alaska's proposed multi-billion-dollar LNG project has received FERC authorization, but the project still has a long way to go.
Experts: Data, Flexibility Key in Crafting Methane Rules
Regulators in New Mexico are working with several groups, including oil and gas experts, to craft rules to help the industry to reduce methane emissions.
Ukraine's Odessa Receives First WTI Oil Cargo from U.S. — Sources
Ukraine's Odessa import facility received its first West Texas Intermediate oil cargo from the U.S. this week after futures prices turned negative last month.
EU Court Throws out Challenge from Nord Stream 2
The second-highest court in Europe has dismissed a challenge by the owners of the Nord Stream pipelines against Europen Union gas rules, leaving it up to individual countries to enforce them.
Colombian Government Considers Intervention in Oil Pipeline Tariffs
The Columbian governments is re-examining how tariffs on oil pipelines in the country are calculated as many producers have been hit hard by falling oil prices due to the coronavirus pandemic.
Petronas, China LNG Deal Calls for Distribution via ‘Virtual Pipelines’
Petronas and China's Clean Tiger Energy have agreed to an LNG supply deal with a provision that the Chinese company distributes the fuel to remote locations using ISO tanks.
Gazprom Reduced Gas Supplies to Germany, Turkey in March — Interfax
Data released from the Interfax news agency reported that Russia's Gazprom reduced its supplies of LNG in March to Germany and Turkey, two of its key partners.
Oryx Launches Binding Open Season on Proposed Expansion of Delaware System
Oryx Midstream has launched a binding open season to gauge interest on a proposed expansion of its Delaware oil pipeline system.
Phillips 66 to Raise Rates for Gray Oak Crude Pipeline
Phillips 66 is proposing to raise its tariff rates on its Gray Oak, Permian Basin pipeline.
Poland Expects Russia to Continue Gas Transit to Europe
Polish authorities expect that Russia's Gazprom will continue to transport gas through their country into Europe even after a transit deal between the two countries expired earlier this week.
U.S. Presidential Candidate Would Rescind Keystone XL Permit if Elected
Presumptive U.S. Democratic presidential nominee Joe Biden said he would rescind the approval permit for the Keystone XL oil pipeline if he were to be elected in November.
Williams Discontinues New York Pipeline Project After Key Permit Denial
Energy regulators in New York have once again denied a key water permit for Williams controversial Northeast Supply Enhancement Project causing the company to indefinitely suspend the project.
ExxonMobil Proposes Framework for Methane Regulations
ExxonMobil has released a model framework for industry-wide methane regulations that includes specific guidance related to transmission pipeline blowdowns between compressor stations.
Eni, Sonatrach Complete Algerian Gas Pipeline
Eni completed construction on the gas pipeline connecting Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in southeastern Algeria. The 16-inch, 115-miles (185-km) pipeline has with a transport capacity of 7 MMscm/d of gas.
Poland, Russia to Cut Decades-Old Gas Transit Ties
Poland will not be renewing its gas transit deal with Russia's Gazprom once their current deal expires later this month.
Germany Denies EU Waiver for Nord Stream 2 Pipeline
Operators of the Nord Stream 2 pipeline were denied a waiver of EU regulations for the pipeline on Friday by German energy regulators.
EQM Sees U.S. Mountain Valley Pipeline Service in 2020, Analysts Unconvinced
Equitrans Midstream is still optimistic that its Mountain Valley natural gas pipeline can be in service by the end of 2020. Industry analysts are not as confident.
Pandemic Impact on Global Gas Markets May Be Short-Lived
As crude oil demand and storage availability hit bottom, there are signs of hope for natural gas.
Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts
Responding to market conditions with cost-cutting across its business lines, Phillips 66 has announced that the Red Oak Pipeline, Liberty Pipeline and Sweeny Hub fractionation expansion have all been postponed.
Enterprise Products CEO Puts Personal Spin on COVID-19
Enterprise Products Partners’ outspoken co-CEO Jim Teague used an April 29 conference call with investors as an opportunity to comment on the U.S. economic shutdown while reflecting on his personal experience during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- 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
- 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
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
