News

Biden Calls for ‘Transition’ from Oil; GOP Sees Opening

Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states.

Gulf Energy Information Introduces Hydrogen Data with New Platform

Gulf Energy Information has launched Global Energy Infrastructure (GEI), a comprehensive dataset covering projects across the energy industry.

Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility

Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.

French Government Asks Engie to Delay U.S. LNG Deal Over Environment Concerns — Source

According to a source familiar with the matter, the French government has asked Engie to reevaluate its U.S. LNG import deal over environmental concerns.

Kinder Morgan Permian Highway Still on Track as Profit Falls

U.S. pipeline operator Kinder Morgan told investors on Wednesday that its Permian Highway pipeline was still on track to begin service in 2021 even as quarterly profit fell 10% due to lower shipping volumes.

Explosion at Thai PTT Gas Line Kills Three, Injures 28

A gas pipeline exploded in Thailand on Thursday killing three people and injuring 28.

Federal Judge Denies Bid to Halt Work on Keystone XL

A federal judge has denied a request by Native American tribes to halt work on the Keystone XL oil pipeline.

FERC Approves Kinder Morgan Acadiana Expansion Project

The U.S. Federal Energy Regulatory Commission has approved Kinder Morgan Louisiana Pipeline’s Acadiana Project.

Kleinfelder Completes Acquisition of Gas Transmission Systems

San Diego-based Kleinfelder Group said it has acquired utilities and pipeline services firm Gas Transmission Systems (GTS) for an undisclosed sum.

Fluor Awarded Pipeline Construction, Maintenance Contract in Peru

Fluor has been awarded a pipeline construction and maintenance contract in Peru by Compañía Operadora de Gas (COGA) under the Consorcio Mantenimiento de Gasoductos del Peru (CMgP) consortium.

U.S. LNG Jumps to 20-Month High on Rising Exports, Cold Weather

Natural gas prices in the U.S. jumped to their highest level in nearly two years on Tuesday on higher volumes of LNG exports and forecasted colder weather than previously expected.

Shale Producer Pioneer Natural to Buy Parsley Energy for $4.5 Billion

Pioneer Natural Resources announced on Tuesday its intention to purchase Parsley Energy in an all-stock deal valued at $4.5 billion.

China Crude Storage Flows Accelerate as Last of Cheap Oil Offloads

China pumped more crude oil into storage in September reversing two months of drawdowns as the world's largest oil importer continued to work through massive purchases made earlier this year when prices plunged.

Israeli Pipeline Company Signs Deal to Bring UAE Oil to Europe

Israeli pipeline company EAPC has signed a preliminary deal to transport oil from the United Arab Emirates to Europe via a pipeline connecting the Red Sea city of Eilat to the Mediterranean port of Ashkelon.

Blackbuck Resources Acquires Whites City Water Infrastructure from Cimarex Energy

Blackbuck Resources has acquired water infrastructure assets from Cimarex Energy.

Oil Steadies After OPEC+ Meeting as U.S. Stimulus Hopes Face Libyan Supply Boost

Oil prices held steady on Monday hampered by concerns of a resurgence of the coronavirus pandemic and by increasing production in Libya but buoyed by hopes of as U.S. stimulus package.

TechnipFMC Awarded EPCI Contract for Equinor Breidablikk Pipelay and Subsea Installation

Oil and gas services frim Technip FMC has been awarded an Engineering, Procurement, Construction and Installation contract for Equinor's Breidablikk subsea pipelaying project.

Islamic State Tells Supporters to Target Westerners, Oil Pipelines

An Islamic State spokesman called on the militant group's supporters to target westerners, oil pipelines and economic infrastructure in Saudi Arabia.

Oil Dips on COVID-19 Resurgence, Fears of More Supply

A surge in COVID-19 cases across Europe and the U.S. in the past few weeks is causing concern throughout the industry of a continued drag on demand, evidenced by a dip in oil prices on Friday.

ADNOC to Divest 20% Stake in Gas Pipeline Assets

ADNOC has announced a 20% sale of its gas pipeline assets to the Abu Dhabi Pension Fund and a regional holding company, ADQ.

FERC Approves Summit Midstream Double E Pipeline

U.S. energy regulators have approved Summit Midstream's Double E pipeline project.

Enbridge Completes North Dakota Stretch of Line 3 Replacement Project

Enbridge announced on Wednesday that the Canadian pipeline company has completed the North Dakota portion of its Line 3 replacement project.

OPEC Says Group Will Ensure Oil Prices do not Plunge Again

The Secretary General of OPEC told an energy conference that the group and its allies will ensure oil prices do not drop off again as they did earlier this year in response to collapsing demand.

Illinois Approves Expansion of Dakota Access Oil Pipeline

Regulators in Illinois approved on Wednesday Energy Transfer's expansion plan for the Dakota Access pipeline.

Oryx Launches Binding Open Season on Proposed New Gathering System

Oryx Midstream has launched a binding open season to solicit shipper interest in a proposed new gathering system to transport crude from Eddy County, New Mexico to an interconnect with the Trans Permian Pipeline System.

EU Considers Binding Methane Emissions Standards for LNG

The European Union has released a new draft of proposed standards on natural gas within the bloc in an effort to limit methane emissions.

Trans Mountain Agrees to Reroute Pipeline Around Indigenous Area

After years of litigation, Trans Mountain has agreed to reroute a portion of its expansion project around an indigenous area, according to a filing with Canadian energy regulators.

DNV GL Leads Hydrogen Readiness Study for Italian Gas Network

Oil and gas research firm DNV GL has been hired by Italian utility company SGI to assess the feasibility of switching the company's gas distribution network to hydrogen.

North American Energy Bankruptcies Pile Up in Third Quarter — Haynes and Boone

Law firm Haynes and Boone said a perfect storm of weak fuel demand due to the COVID-19 pandemic, a collapse in crude prices, and shrinking amounts of available credit all caused North American energy bankruptcies to pile up in Q3.

Saudi Aramco, Investors Discussing $10 Billion Pipeline Deal — Sources

Sources have reported that Saudi Aramco is in talks with asset firm BlackRock as well as other investors about selling a $10 billion stake in its pipeline assets.