News

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.

Tallgrass Energy Announces Open Season on Pony Express Pipeline Expansion

Tallgrass Energy has announced that due to continued interest in its Carpenter Expansion it is launching a supplemental open season to solicit binding shipper commitments for crude oil transportation from a new origin near Carpenter, Wyo., to Pony Express destinations in Colorado.

Eni, SONATRACH Complete Algerian Gas Pipeline

Eni announced it has successfully completed the construction of the gas pipeline connecting Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in the south-eastern part of Algeria.

Section of Transandino Pipeline Destroyed in Explosive Attack

An explosion destroyed a section of pipeline in southern Colombia but did not cause an oil spill, Ecopetrol subsidiary Cenit said on Friday.

Plains All American to Pay Over $60 Million for 2015 California Oil Spill

Plains All American Pipeline LP agreed to pay about $60.6 million to settle civil charges it violated federal pipeline safety laws in connection with the 2015 spillage of 2,934 barrels of crude oil near Santa Barbara, California, the U.S. Department of Justice said on Friday.

U.S. Senate Confirms Danly to FERC, Widening Republican Majority

The U.S. Senate on Thursday easily confirmed James Danly as a Republican member of the Federal Energy Regulatory Commission, widening the Republican majority on the panel.

Judge Approves $143M Natural Gas Explosions Settlement

A Massachusetts judge approved a $143 million class-action settlement Thursday for residents and business owners affected by natural gas explosions in Massachusetts in 2018.

ONEOK Suspends Expansion Projects Amid Oil Price Collapse

ONEOK has suspended key expansion projects as the price of oil has continued to drop amid fears of a slowing global economy due to the coronavirus.

TC Energy Signs Letter of Intent to Acquire Pioneer Pipeline

TC Energy announced that its wholly owned subsidiary, NOVA Gas Transmission Ltd., has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million.

OMV to Sell $2.3 Billion of Assets, Delays Gas Asset Purchase

Austrian oil and gas group OMV plans to sell $2.3 billion of assets by the end of next year and has delayed plans to purchase gas assets.

TC Energy Starts U.S. Prep Work for Keystone XL Pipeline

TC Energy said Wednesday it has started preliminary work along the route of the proposed Keystone XL oil sands pipeline through the U.S. in anticipation of starting construction next month, as opponents await a judge's ruling on their request to block any work.

Marathon Petroleum Explores $15 billion MPLX Asset Sale — Sources

Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.

Kazakhstan Decreases Gas Supplies to China

Kazakhstan has reduced natural gas supplies to China by 20-25%, Energy Minister Nurlan Nogayev said on Wednesday, after importer PetroChina issued a force majeure notice to suppliers this month.

Projects

Enbridge-Annova LNG Deal to Expand Valley Crossing Pipeline  Enbridge’s Valley Crossing natural gas pipeline from Agua Dulce to Brownsville, Texas, will be expanded along with the construction of a 9-mile (14.5-km) lateral to Annova liquefied natural gas’s ..

Oil Price Collapse Sours Midstream Buyout

A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing on Monday, according to court filings, a day when oil prices and shares of U.S. oil producers plummeted.

U.S. Gas Jumps Almost 9% With Oil Price Gain, Hopes of Shale Output Cuts

U.S. natural gas futures soared almost 9% on Tuesday, following a 10% increase in oil prices, on hopes of economic stimulus and expectations the oil price collapse will prompt U.S. drillers to cut back on oil and gas production in shale basins.

Global News

Freeport LNG Starts Commercial Operation of Train 2  Photo: Freeport LNG Freeport LNG launched commercial operation of the second liquefaction train at its three-train facility, with initial gas deliveries from BP under a 20-year agreement. Th..

Russian Production Increase Limited by Export Constraints: Traders

Russia’s ability to quickly lift oil production following the collapse of a global agreement to cut is restrained by bottlenecks in exporting capacity, market sources said and Reuters calculations showed on Tuesday.

Midcoast Going Forward with Haynesville Pipeline System Expansion

Midcoast Energy will go forward with up to 150 additional miles of pipeline, after reaching an agreement with a long-term anchor shipper in support of the proposed expansion.

NACE International Postpones Corrosion 2020 Due to Coronavirus

The NACE Board of Directors voted Friday to postpone its annual CORROSION 2020 conference and expo following reports of coronavirus cases in the Houston area.

U.S. Gas Prices Turn Positive After Falling to Lowest in Decades

U.S. natural gas futures turned positive by midday Monday after earlier dropping to their lowest in over 21 years as they followed a collapse in oil prices.

Alaska LNG Passes Major Permitting Milestone, Hurdles Remain

A U.S. energy regulatory report for Alaska Gasline Development Corp's proposed Alaska liquefied natural gas project found it would provide economic benefits to the state but could cause some significant adverse environmental impacts.

Brazil's Petrobras to Begin Sales Process for NTS Pipeline Stake: Executive

Brazil’s state-run oil firm Petroleo Brasileiro SA will begin the process this month to sell its 10% stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), according to Anelise Lara, the oil company’s director of gas and refining.

Cameron LNG Train 2 Begins Commercial Operation

McDermott International, Inc. has announced the beginning of commercial operation of Train 2 at Cameron LNG, which is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC., following its substantial completion.

Enbridge Hires Companies to Design, Build Great Lakes Tunnel

Enbridge Inc. said Friday it has hired companies to design and build a disputed oil pipeline tunnel beneath the channel linking Lakes Huron and Michigan, despite pending legal challenges.

Meritage Midstream Commissions New Natural Gas Plant in Powder River Basin

Meritage Midstream announced that its subsidiary, Thunder Creek Gas Services, LLC, has completed commissioning of the Steamboat I processing plant in Converse County, Wyoming, west of the town of Douglas.

Oil Slides as Demand Worries Overshadow OPEC Deal to Deepen Supply Cuts

Oil prices fell on Thursday as the coronavirus epidemic showed no signs of slowing, feeding worries about the global economy and prompting investors to sell more risky assets like stocks and crude oil and park money in safe havens.

Canada's Supreme Court Dismisses Trans Mountain Pipeline Appeals

Canada’s Supreme Court said on Thursday it would not hear five separate appeals of a lower court’s decision related to the Trans Mountain oil pipeline, clearing another hurdle for a project that has been stalled for years due to opposition over climate concerns.