News

Storms Damage Kinder Morgan Sabine Pass Pipeline

Kinder Morgan has declared force majeure on a gas pipeline flowing into the Sabine Pass export plant after storms damaged the pipeline requiring "immediate investigation and repairs.”

Enterprise Products Partners Cuts Capex, Says Oil Pipeline Volumes Steady

Enterprise Products has cut its capital expenditures for 2020 and says volumes on its oil pipelines have not yet declined as oil demand continues to drop around the world.

Moda Midstream Completes 10 Million Barrel Crude Oil Storage Expansion

Moda Midstream has placed its final 495,000-barrel oil storage tank into service at its 10-million-barrel storage facilities in Texas.

Poland's PGNiG Receives LNG Delivery from U.S.

Polish gas giant PGNiG received its third LNG delivery from U.S.-based Cheniere on Tuesday as part of the company's long-term plans to reduce reliance on Russia.

U.S. Natural Gas Futures Rise as Oil Slump Triggers Output Worries

U.S. natural gas futures rose on Monday, after falling nearly 9%, as the industry prepares for associated gas production to fall in line with the decline in oil production.

U.S. Delays Pipeline Approvals After Environmental Ruling

Pipelines and utility projects across the country could face long delays and increased costs after the U.S. Army Corps of Engineers halted a nationwide permit program citing a recent federal court ruling that declared the permit illegal.

Cheniere Commits More Than $1 Million to Global COVID-19 Relief Efforts

Cheniere Energy announced that it has pledged over $1 million for COVID-19 relief efforts around the world.

Canada's Inter Pipeline Enters into New C$1 Billion Loan Agreement

Canadian pipeline company Inter Pipeline has received an additional C$1 billion ($708.77 million) in revolving credit.

Cheniere Energy Midship Pipeline Approved for Service

The Midship natural gas pipeline, owned and operated by Cheniere Energy, has been approved by the Federal Energy Regulatory Commission to begin service.

Drowning in Crude, U.S. Producers Say Trump Strategic Reserve Plan Won’t Help

American oil producers are not sure how helpful President Trump's plan to fill the U.S. Strategic Petroleum Reserve will be considering the logistical and economic challenges associated with getting the crude to the storage sites.

Pipeliners, Producers Facing Threat of Bankruptcy

Companies across the U.S. energy industry are increasingly facing the threat of bankruptcy as pipeline companies and shale producers all scramble for cash during the greatest demand crunch the industry has ever faced.

Asia, Europe Buyers Cancel Nearly 20 U.S. LNG Cargoes for June Loading - Sources

According to several trading sources, buyers in Europe and Asia have canceled nearly 20 LNG cargoes for loading in the U.S. in June.

U.S. Gas Futures Jump to 9-Week High as Output Slides

Futures prices for U.S. natural gas jumped to their highest level in nine weeks as oil producers shut in wells amid collapsing demand.

Oklahoma to Allow Struggling Oil Producers to Halt Output Without Breaking Contracts

Oklahoma's oil regulator will allow struggling producers to shut-in wells without having to break a lease declaring unprofitable production an economic waste.

Remaining Oil Storage in Cushing, OK is Already Booked — Traders

Oil traders have said the remaining storage space for crude oil in Cushing, Oklahoma, the largest storage site in the U.S., is already completely booked up by producers.

CPC Oil Producers Eye New Transit Routes via Russia’s Transneft

Oil producers in Kazakhstan are seeking to divert flows away from the Caspian Pipeline Consortium (CPC) to systems owned by Russia's Transeft as CPC Blend margins fall.

Texas Regulators Decline Production Cuts for Now

Texas oil and gas regulators declined to cut oil production in the state on Tuesday after prices reached negative territory for the first time in history but will most likely revisit the issue at their next meeting.

Producers Scramble for Storage Space as Oil Glut Grows

Oil producers are scrambling to find storage space for excess barrels, many being forced to pay storage companies to take oil as prices turned negative on Monday for the first time in history due to an unprecedented slump in demand.

Enbridge Will not Ration Mainline Deliveries as Oil Cuts Mount

Enbridge has said it will not ration space on its Mainline system as oil production continues to fall in the wake of the coronavirus pandemic.

News

Trafigura, Phillips 66 Form JV for Deepwater Texas Oil Port Global commodities trader Trafigura said it formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competin..

Subsea UK Partners Team with Non-Profit to Protect Oceans

Subsea UK teamed up with one of the world’s leading non-profit ocean protection organizations to promote and support initiatives to prevent pollution of our oceans.

Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources

U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.

Shell Greenlights $6.4 Billion Australia Natural Gas Project

Shell announced it has made a final investment decision (FID) to proceed with a $6.4 billion natural gas project in Queensland, Australia.

ConocoPhillips Cuts Oil Output in North America by 30%

ConocoPhillips is cutting its oil output by 30% of its 2020 target, more than any U.S. producer so far.

U.S. Natural Gas Prices Jump 5% as Output Falls

Prices for natural gas rose 5% in the U.S. on Thursday as production falls in line with cuts to crude oil output.

Shell Restarts U.S. Offshore Oil Hub After Pipeline Leak

Shell has resumed production at its Perdido offshore oil rig after a pipeline leak last week forced the company to halt production.

Pieridae Delays Nova Scotia LNG Export Plant FID Due to Pandemic

Canadian energy firm Pieridae joins the growing list of companies delaying final investment decisions on major projects this year, specifically on its Goldboro liquefied natural gas export plant in Nova Scotia.

U.S. Court Rules Against Permit for Keystone XL

The Keystone XL pipeline project suffered another setback on Wednesday after a U.S. court ruled against a key permit issued by the U.S. Army Corps of Engineers allowing new energy pipelines to cross bodies of water.

Tallgrass Energy Shareholders Approve Blackstone-Led Buyout

Tallgrass Energy shareholders have approved a buyout deal worth over $6 billion from a group led by the Blackstone investment company, retaining the valuation offered before the market crash.

Crews Tackle Oil Spill at Alaskan TAPS Pipeline Terminal

Clean-up crews are working to contain and clean up an oil spill at the Valdez Marine Terminal on the Trans-Alaska Pipeline System, officials said on Wednesday.