News

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.

Shell, INOX India Sign MoU for LNG Distribution

Shell has signed a Memorandum of Understanding with India's INOX to deliver LNG to customers not connected to distribution pipelines.

U.S. to Buy 30 Million Barrels of Oil to Help Fill Strategic Reserve

President Trump has directed the U.S. Department of Energy to begin purchasing crude oil to fill the country's Strategic Petroleum Reserve.

FERC Approves Pembina Jordan Cove LNG Export Project

U.S. regulators have approved the Jordan Cove LNG export project.

Global Oil Storage May Hit Capacity Within Months — Analysts

Industry analysts are predicting oil storage availability around the globe may reach capacity within months.

U.S. Oil and Gas Industry Sees no Supply Chain Threat from Coronavirus — API

The American Petroleum Institute says the U.S. oil and gas supply chain should not be majorly impacted by the coronavirus pandemic.

Marathon Petroleum Names Midstream Boss as New CEO, Will Retain Unit

Marathon Petroleum is not selling its midstream unit as it taps the midstream head to be the company's new CEO.

German Hydrogen Pipeline Planned to Aid Green Industry Shift

A group of gas pipeline operators in Germany is planning to build the country's first hydrogen pipeline.

German Court Rejects Last Obstacle to Nord Stream 2 Construction

The Nord Stream 2 pipeline project cleared another legal hurdle in Germany last week.

Traders Race for Storage as Oil Price Plunges

Oil traders are racing to buy up storage as oil prices plummet amid the Saudi/Russian price war.

CPC Pipeline Expansion in Doubt After Leadership Shakeup

The Caspian Pipeline Consortium expansion project is in question after its entire board was dissolved.

Offshore Technology Conference Postponed Until Third Quarter

The Offshore Technology Conference (OTC), which drew about 60,000 people to Houston last year, has been postponed from May until the third quarter of the year due to safety concerns around the novel coronavirus, organizers said Friday.

Energy Industry Adopts Work-from-Home Policies, Begins Health Checks

Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.

Lagos Gas Explosion Kills 15, Destroys Buildings — Nigerian Officials

An explosion at a gas processing plant on Sunday killed at least 15 people and destroyed about 50 buildings after a fire broke out in a suburb of Lagos, Nigeria's commercial capital, emergency services said.