News

EDP Closes Financing for El Salvador LNG-to-Power Project

Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. The infrastructure project brings approximately $1 billion foreign direct investment for the Central American nation, making it the largest private investment ever in the country, EDP said.

Bulgaria Starts Receiving Gas from TurkStream, Bypassing Ukraine

Bulgaria started receiving natural gas from Russia’s Gazprom via Turkey on January 1 and will no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said.

North Dakota, Tribe to Develop Pipeline Spill Plan

North Dakota will work with the Standing Rock Sioux Tribe to help develop a response plan for a potential spill of the Dakota Access pipeline, a state official said.

Mercuria Plans to Compete for South Texas Oil-Trading Hub

Commodities trader Mercuria Energy Group expects to open a new U.S. Gulf Coast crude oil storage facility next year that could compete to become a trading hub for shale oil, the Swiss company’s investment chief said.

Lawyer for Indigenous Contends Government Delayed Spill Reports

A Squamish Nation lawyer told a Canadian Court that the government delayed sharing critical documents about spill risks related to expanding its oil pipeline, in some cases waiting until after the conclusion of consultations with indigenous communities.

Oxy Separates Western Midstream in Debt-Reduction Move

Occidental Petroleum (Oxy) said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.

Oil Prices Rise, Fall on Eve of Trade Deal

Crude oil prices surged in early January and retreated by mid-month after a U.S. drone strike on Iran’s top general and a retaliatory missile strike on an Iraqi military base. The initial strike caused the largest one-day price spike since September, when an Iranian drone hit a Saudi Aramco facility.

TC Energy Files to Reduce Toll on Canadian Mainline Pipeline

TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.

Nigeria Launches Regulations to Encourage Gas Use — Oil Minister

Nigeria has launched new regulations covering gas transportation which it hopes will expand use of the fuel and encourage private investment in pipelines, Minister of State for Petroleum Timipre Sylva said on Monday.

Police Arrest 33 Protesters Opposing Gas Pipeline

Police arrested 33 people on Monday, ending the closure of Vancouver ports in British Columbia province by indigenous protesters opposing the construction of Coastal GasLink pipeline.

Qatargas Signs Long Term SPA to Supply LNG To Kuwait

Qatargas has announced the signing of a new, long term Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to the State of Kuwait, commencing this year.

Trans Mountain Pipeline Cost Jumps by Two-Thirds to C$12.6 Billion

The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.

Canadian Police Arrest Six at Coastal GasLink Site

Canadian police arrested six people on Thursday in a remote area of northern British Columbia where indigenous protesters have blocked construction of the Coastal GasLink pipeline.

TechnipFMC Tells Energean Virus may Delay FPSO Project

Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.

ARB Midstream Announces New Connection to Pipeline System in DJ Basin

DJ South Gathering, LLC, a subsidiary of ARB Midstream, LLC has announced an expansion of its crude oil gathering and transportation system in the prolific DJ Basin in northeastern Colorado.

Parsley Energy CEO Calls out Industry for Shale Gas Flaring

The chief executive of shale producer Parsley Energy on Wednesday became the latest executive to call out the industry on its high rate of natural gas flaring in the top U.S. oil field.

Enterprise Products Wins Ruling in Legal Battle with Energy Transfer

Enterprise Products Partners won a favorable ruling from the Texas Supreme Court in its legal battle with Energy Transfer, resolving a dispute that began when Enterprise backed out of the proposed Double E pipeline project in 2011.

France's Total Rejects Force Majeure Notice from Chinese LNG Buyer

French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results presentation on Thursday.

China's Biggest LNG Importer Declares Force Majeure as Virus Spreads - Sources

China National Offshore Oil Corp (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has suspended contracts with at least three suppliers amid the rapid spread of the coronavirus, two sources said on Thursday.

Southcross Energy Completes Reorganization, Emerges from Chapter 11 Bankruptcy

Southcross Energy Partners LLC has emerged from Chapter 11 bankruptcy and completed its reorganization as a gathering and processing company focused on the Eagle Ford Shale region.

NDT Announces Acquisition by Eddyfi

NDT Global has announced that it has been acquired by Eddyfi and will be rebranded to Eddify/NDT.

Inpex Executive Says Global LNG Oversupply to Continue into Mid-2020

Oversupply in the global market for liquefied natural gas (LNG) could extend until the middle of the year but then ease as demand from southeast Asia and India picks up, an executive from Japanese oil and gas firm Inpex Corp. told Reuters.

Oil, Gas Imports into China Tumble in Wake of Virus

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.

Noble Midstream and Greenfield Midstream Exercise Saddlehorn Option

Noble Midstream Partners LP (Noble Midstream) and Greenfield Midstream LLC “Greenfield Midstream) have acquired a 20% interest in the Saddlehorn Pipeline through their Black Diamond Gathering LLC (Black Diamond) joint venture.

Plains All American Pipeline Volumes Get Boost from Cactus II

Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.

Russia, Belarus Leaders Meet Amid Oil Supply Tensions

The presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, will meet on Friday, the Kremlin said, as the oil row between the two rolls into a second month, forcing Minsk to look for crude from as far afield as the United States.

Canadian Court Dismisses Challenge to Trans Mountain Expansion

Canada's Federal Court of Appeal on Tuesday dismissed a challenge to the approval by Prime Minister Justin Trudeau's government of the Trans Mountain oil pipeline expansion, clearing some uncertainty from the project.

Explorer Pipeline Launches Open Season on Explorer Pipeline System

Explorer Pipeline Company (Explorer) has announced a binding open season to secure shipper commitments to support the development of proposed new transportation service on Explorer’s pipeline system from its existing U.S. Gulf Coast receipt points to a new destination point in Galena Park, Texas (Project).

U.S. Flared, Vented More Natural Gas Again in 2019 - Data

The U.S. drilling industry flared or vented more natural gas in 2019 for the third year in a row, as soaring production in Texas, New Mexico, and North Dakota overwhelmed regulatory efforts to curb the practice, according to state data and independent research estimates.

Petronet LNG, Tellurian to Sign $2.5 Billion U.S. Gas Deal This Month

India's top gas importer Petronet LNG and U.S. liquefied natural gas (LNG) developer Tellurian Inc are preparing to sign a $2.5 billion deal during President Donald Trump's maiden visit to New Delhi later this month, two sources familiar with the matter said.