News

President Trump Says Saudia Arabia, Russia Ready to Cut 15 Million Bpd

President Trump said that Saudia Arabia and Russia might be ready to cut their oil production by as much as 15 million bpd.

Kazakh Oil Producers Seek New Pipeline Route

Oil producers in Kazakhstan are looking for a new pipeline route to Baltic and Black sea export facilities.

Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge

Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.

U.S. to Lease Strategic Reserve Space After Buying Plan Canceled — Sources

The Trump administration is considering leasing storage space in the Strategic Petroleum Reserve after plans to purchase oil collapsed.

Cheniere Applies to Begin Service on Midship Pipeline

Cheniere has applied to the U.S. FERC to begin service on its Midship natural gas pipeline.

Texas Energy Industry Tackles Flaring, Methane Emissions

A group of Texas-based energy companies and trade associations has formed a coalition to tackle flaring and methane emissions across the industry.

Canada's Inter Pipeline Halts sale of European Unit Due to Coronavirus Impact

In another blow to the energy sector caused by the coronavirus pandemic, Canada's Inter Pipeline has stopped the sale of its European liquid storage business.

Coronavirus Crisis 'Game Changer' for Oil Sector: Goldman Sachs

Analysts from Goldman Sacha say the oil sector will emerge from the coronavirus pandemic leaner and stronger but the crisis still poses a risk for shortages down the line.

Poland's PGNiG Wins $1.5 Billion in Court Battle with Gazprom

Polish gas distributor PGNiG has won a $1.5 billion settlement with Russia's Gazprom.

TC Energy Proceeds with Keystone XL After Alberta Commits $1.1 Billion

Construction on the Keystone XL pipeline could begin as early as this week after the Alberta government committed over $1 billion to the project.

U.S., Russia Agree to Oil Market Talks

Russian and U.S. leaders have agreed to meet to discuss the collapsing global oil market.

Saudi Arabia Plans to Boost Oil Exports to 10.6 Million Bpd from May

Saudi Arabia is planning to increase its oil exports to 10.6 million bpd beginning in May.

U.S. LNG Storage to Hit Record as Pandemic Cuts Demand, Exports

Stockpiles of natural gas in the U.S. are expected to reach record levels this year as producers continue to flood the market with supply as demand plunges in the wake of the coronavirus pandemic.

Saudi Arabia Says no Talks with Moscow on New Oil Deal

Saudia Arabia said it is not in talks with Russia to develop a new deal on oil production to stabilize erratic oil prices driven by uncertainty from the coronavirus pandemic.

LNG Suppliers Flood Market with Excess Spot Cargoes as Demand Shrinks

Major LNG suppliers around the world are flooding the market with spot cargoes driving prices down even further as demand dries up due to the coronavirus pandemic.

Pipeline Opportunities Conference Focuses on Business, Industry Success

The 16th annual Pipeline Opportunities Conference (POC) took place on March 3 at the Westin Galleria in Houston, TX bringing together nearly 200 owners, operators, and industry experts from around the country.

Indian LNG Importers Issue Force Majeure — Sources

Several Indian LNG importers have issued force majeure notices after the country has shut down to help prevent the spread of the coronavirus.

PetroChina to Seek Price Talks with Gas Suppliers as Coronavirus Hits Demand

PetroChina is looking to renegotiate gas prices with several global suppliers, as well as a transfer of pipeline assets, amid plunging gas demand due to the coronavirus pandemic.

Gazprom Isolates 20 Workers at Field Feeding Nord Stream Pipeline

Russian gas company Gazprom has isolated 20 workers at a major natural gas field which feeds the Nord Stream pipeline after one worker tested positive for the coronavirus.

China to Resume U.S. LPG Imports as Beijing Waives Trade-War Tariff — Sources

China has once again begun buying U.S. LPG as the government waived tariffs as part of the U.S.-China trade deal.

Sempra Energy to Continue with Costa Azul LNG Project

Sempra Energy is planning to continue with its plans to build the first phase of its Costa Azul LNG Export Project in Mexico even as the coronavirus pandemic suppresses worldwide energy demands.

U.S. Court Orders Full Environmental Review of Dakota Access Pipeline

A federal court has ordered the Trump administration to conduct a full environmental review of a portion of the Dakota Access Pipeline.

UAE's SNOC Gas Project Startup Delayed

UAE's SNOC has announced that it's Mahani gas project startup is being delayed by 2 months due to the coronavirus pandemic.

Greece Receives 9 Bids for Stake in Gas Supplier

Greece has received nine non-binding bids for the sale of a 65% stake in DEPA, its dominant gas supplier.

BlackRock Withdraws Bid for ADNOC Gas Pipeline Assets — Sources

Sources report that investment firm BlackRock has dropped out of the bidding for ADNOC's gas pipeline assets.

Trump Says He Will Enter Saudi-Russia Oil Fray at Appropriate Time

President Trump has said he will get involved in the oil price war between Russia and Saudi Arabia at the 'appropriate time.'

Texas Producers, Regulator Ask State, President for Curtailments as Prices Collapse

Texas oil producers are asking for production curtailments in the state to help stabilize plummeting oil prices.

Italy's Snam Takes Steps to Guarantee Gas Flows During Coronavirus Outbreak

Italian gas grid operator Snam has put in place emergency measures to ensure it can keep gas flowing during the coronavirus outbreak.

Coronavirus, Oil Price War Put Canada's Crude Sector 'On Life Support'

Canada's already struggling oil industry is now 'on life support' facing a plunge in oil prices as the global coronavirus pandemic sparked a price war with Saudia Arabia and Russia.

Superior Pipeline Secures Large Stack Play Acreage Dedication

Superior Pipeline has entered into a long-term gas gathering and processing agreement with a producer in the STACK play.