News
BP to Cut 15% of Workforce
The head of oil major BP has announced that due to coronavirus pandemic, the company will cut approximately 15% of its workforce, most of which will be cut by the end of the year.
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.
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.
U.S. Congressional Democrats Back Opposition to Dakota Access Pipeline
More than thirty U.S. congressmen and women have lent their support to an attempt by the Standing Rock Sioux Tribe to shut down the controversial Dakota Access oil pipeline while the Army Corps of Engineers conducts and environmental review.
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.
Greece Shortlists Six Investors in Gas Distribution Network Sale
Greece has narrowed down the list of investors being considered in a sale of its gas distribution network to six potential buyers.
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.
Golden Pass Seeks to Boost Capacity at Texas LNG Plant
Golden Pass LNG has requested permission from FERC to increase the capacity of its $10 billion LNG plant in Texas from 15.6 MTPA to over 18 MTPA .
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.
U.S. EPA Moves to Curb State Powers to Deny Permits for Energy Projects
The head of the U.S. Environmental Protection Agency signed a new rule on Monday that will limit the ability of state governments to deny a critical permit to infrastructure projects in their states.
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.
Bulgaria Still Aims to Complete TurkStream Pipeline Extension by Year-End — PM
Bulgaria's Prime Minister is hoping his country will complete its portion of the TurkStream pipeline by the end of 2020, despite construction delays brought about due to the coronavirus pandemic.
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.
Oil Surges on U.S.-China Trade Optimism, Falling Crude Output
Oil prices jumped around 5% on Friday as crude oil production continues to fall around the world and President Trump indicated that the U.S.-China trade deal was still on track.
Court Ruling in Keystone XL Case Will Affect Other Major U.S. Pipelines
A U.S. appeals court ruling on Thursday in a case against the Keystone XL pipeline will likely have large effects on other major pipeline projects in the country.
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.
Malaysia's LNG Exports in May Set to Drop to Lowest Since Mid-2018 — Data
LNG exports from Malaysia, the world's fourth-largest natural gas exporter, are expected to drop to their lowest levels in two years as producers are hit hard by plunging demand stemming from the coronavirus pandemic.
Coating Repairs Under Way on Enbridge Line 5 pipeline
Enbridge reported it has begun repairing gaps in the protective coating on its Line 5 pipeline in Michigan's Straits of Mackinac after the damage was discovered during routine maintenance that began early this month.
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.
Global Energy Investment Expected to Fall 20% in 2020 Due to COVID Crisis — IEA
The International Energy Agency expects industry investments in 2020 to plunge by as much as 20% due to the global drop in demand related to the coronavirus pandemic.
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.
Enbridge to Raise Rates on Express Crude Pipeline
Enbridge has filed a proposal with the Federal Energy Regulatory Commission (FERC) to raise shipping tariffs on its Express crude oil pipeline by 3%.
Enbridge Finds Coating Gaps on Michigan Pipeline
Enbridge has reported it has discovered four spots on its subsea oil pipeline in Michigan's Straits of Mackinac where the protective coating has eroded away exposing the bare metal of the pipe.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
