News

Nigeria to Back $2.59 Billion AKK Gas Pipeline with Sovereign Guarantee

Nigeria will issue a sovereign guarantee to back the bulk of a gas pipeline that is a core part of the government's energy strategy, Finance Minister Zainab Ahmed said on Wednesday.

Poland Ready to Supply Belarus with Oil if Pipeline Upgraded

Poland is ready to supply Belarus with oil, but first needs to invest in its pipelines to enable reverse flows, Poland's minister responsible for energy infrastructure said on Wednesday.

U.S. Crude Oil Production Grew 11% in 2019 — EIA

Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels.

U.S. Gas Prices Turn Negative at Texas Waha Hub

Natural gas prices at the Waha hub in the Permian basin in West Texas fell into negative territory, forcing some producers to pay other parties to take their gas.

API Issues New Pipeline Safety and Sustainability Standard

The American Petroleum Institute (API) today issued a new standard for pipeline inspectors to enhance safety and sustainability during pipeline construction.

Tatanka Midstream Secures $500 Million Capital Commitment from EnCap Flatrock

Cap Flatrock Midstream has committed an initial $500 million of capital into Tatanka Midstream, a new independent energy company focused on acquiring and building midstream assets in North America.

Tellurian Looking to Cut Costs Amid Weak LNG Demand

Liquefied natural gas (LNG) producer Tellurian Inc said on Monday that it planned to cut spending and was seeking to extend the maturity date of a loan, as it looks to cope with weak demand and low prices for the fuel.

CERAWeek Energy Conference in Houston Canceled Over Coronavirus Worries

Coronavirus concerns prompted organizers on Sunday to cancel one of the world's most prestigious gatherings of oil ministers and top executives from the energy and financial industries scheduled for this month in Houston.

Energy Transfer Announces Supplemental Open Season for Bayou Bridge Pipeline System

Energy Transfer subsidiary, Bayou Bridge Pipeline has launched a Supplemental Open Season to solicit additional shipper commitments for transportation service from Nederland, Texas to Lake Charles, Louisiana through the Bayou Bridge Pipeline System.

Coastal GasLink Construction Allowed to Continue, Tentative Deal Reached with Protesters

Canadian authorities on Sunday said construction would continue on TC Energy’s Coastal GasLink pipeline after reaching a tentative deal with the indigenous group that has been protesting the project.

ONEOK to Expand Elk Creek Pipeline

ONEOK has announced plans to expand two of its natural gas pipelines by the end of Q1 2020, including the Elk Creek Pipeline.

Trafigura, Phillips 66 Form JV for Deepwater Texas Oil Port

Global commodities trader Trafigura said on Friday it had 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 competing project.

EPIC Announces Completion of Crude Oil Pipeline

EPIC Crude Holdings has announced the successful commissioning of its 30” permanent crude oil pipeline.

EQT Corp Sells Half Its Stake in Pipeline Operator, Strikes Rate Relief Deal

EQT Corp said on Thursday it renegotiated its gas transportation rates and sold half its stake in pipeline company Equitrans Midstream Corp as the largest U.S. natural gas producer tries to cope with low fuel prices.

China Imports 840 Million Cubic Meters of Gas Through Power of Siberia

China imported 840 million cubic meters of natural gas by Feb. 25 through the "Power of Siberia" pipeline, launched in December, or an average of 10 million cubic meters daily, state-run Xinhua news agency said late Wednesday.

Eversource to Acquire Columbia Gas of Massachusetts Assets for $1.1 Billion

Eversource Energy announced that it has reached an agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion from NiSource.

Williams Seeks to Raise $5 Billion by Selling Stake in Pipelines - Sources

Williams Companies is seeking a partner to invest in a network of its pipelines in the western United States, a deal that could raise close to $5 billion for the Tulsa, Oklahoma-based company, people familiar with the matter said.

ExxonMobil, Indian Oil, Chart Industries to Develop Virtual Gas Pipelines for India

Chart Industries, Inc. has signed a Letter of Cooperation with ExxonMobil India LNG, and Indian Oil Corporation to develop virtual LNG pipelines in India.

Belarus Says More Azeri, Russian Oil Supplies Coming Soon

Belarusian state energy company Belneftekhim has signed a contract with Azerbaijan's SOCAR to receive two cargoes of oil totaling 160,000 tonnes, it said on Wednesday.

6 Arrested at Seattle Protest over B.C. Pipeline

Six people were arrested during a protest in Seattle’s South Lake Union neighborhood after authorities say one of the suspects assaulted an officer and the others attempted to interfere with the arrest.

Utility to Pay $53M for Fatal Gas Line Explosion

A utility company will pay the largest criminal fine ever imposed for breaking a federal pipeline safety law — $53 million — and plead guilty to causing a series of natural gas explosions in Massachusetts that killed one person and damaged dozens of homes, federal officials said Wednesday.

Venture Global LNG Enters 20-year Supply Deal with Électricité de France

Venture Global LNG Inc said on Tuesday it has entered a 20 year agreement with Électricité de France S.A. (EDF) to supply one million tonnes per annum (MTPA) of liquefied natural gas from its Plaquemines LNG facility in Louisiana.

Canada Hit by New Rail, Road Barricades in Wake of Arrests of Indigenous Protesters

Protesters in Canada blocked train lines, Vancouver's port entrance and at least one highway on Tuesday in response to the arrest of 10 indigenous protesters when police dismantled a rail barricade in southern Ontario a day ago.

Cheniere Says Too Early to Gauge Impact of Coronavirus on LNG Market

Cheniere Energy Inc, the biggest U.S. liquefied natural gas company, said on Tuesday it does not expect “significant or prolonged curtailment of U.S. LNG production” as low global gas prices cause some customers to cancel cargoes.

Saudi Aramco Launches Largest Shale Gas Development Outside U.S.

Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.

Williams Cancels N.Y. Constitution Pipeline

Williams Cos Inc said on Monday it canceled the proposed Constitution natural gas pipeline from Pennsylvania to New York following years of opposition from politicians and environmental groups in New York.

Canadian Police Clear Indigenous Blockade of Rail Line

Police moved in on Monday morning to clear a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for more than two weeks on one of the country's busiest lines.

U.S. Supreme Court Leans Toward Atlantic Coast Pipeline

A majority of the U.S. Supreme Court on Monday seemed inclined to find that the federal government had authority to grant a right of way for a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.

Phillips 66 Partners Acquires Interest in Liberty Pipeline

Phillips 66 Partners LP has reached agreement with Phillips 66 to acquire its 50% interest in the Liberty Pipeline project for approximately $75 million.

Shell Considering Mars Pipeline Expansion

Shell Midstream Partners LP expects to take final investment decisions on expanding its Mars crude oil pipeline system in the Gulf of Mexico in the first half of the year, Chief Executive Kevin Nichols said on Thursday.