Regions

LNG Tankers Divert to Asia; Floating Storage Rises After Price Spike

At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said.

Ukraine, Russia Fail to Reach Gas Deal for Europe but Agree to Meet Again

Russia and Ukraine failed to reach a new gas transit deal on Thursday, but said talks were "constructive" and they would meet again to try to find an agreement before the current one ends.

Storm Disrupts U.S. Energy Operations from Pipelines to Terminals

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery to cut production and a key oil pipeline, terminals and a ship channel in Texas were shut down.

Judge Partially Blocks Law Aimed at Oil Pipeline Protests

A federal judge hasemporarily blocked enforcement of some new South Dakota laws that aim to prevent disruptive demonstrations against the Keystone XL pipeline.

Federal Agency Resists Paying North Dakota Oil Protest Cost

The federal government is contesting North Dakota's claims that the state should be reimbursed for the $38 million the state spent policing prolonged protests against the Dakota Access oil pipeline.

Niger Seeks to Step Up Oil Production with Pipeline to Coast

Niger has started construction on an oil pipeline that will link it to the coast through West African neighbor Benin, a project that Niger's president said will bolster the country's economic development.

Casualties in Fight over New Gas Pipelines: The Customers

Chris Miles and his partners were ready to open their new seaside barbecue joint when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. Utility National Grid halted new gas hookups after the state rejected a new pipeline.

Alberta Sees Progress on Crude-by-Rail Talks to Ease Oil Curtailments

he premier of Canada's main oil-producing province Alberta said on Wednesday he is hopeful of more progress this month on talks between his government and producers about easing oil curtailments, as long as extra output is shipped by rail.

Next Wave of U.S. LNG Export Projects to be Tougher: Blackstone

The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said Wednesday.

Bulgaria Signs up Saudi-Led Group for TurkStream Extension

Bulgaria's state gas company signed a $1.2 billion (1.1 billion euro ) contract on Wednesday with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.

Mexico Gas Pipeline at Center of Dispute Starts Operations

A major natural gas pipeline between Texas and the Mexican Gulf Coast port of Tuxpan that was at the heart of a dispute between Mexico's government and infrastructure firms begins operations on Tuesday.

India, Nepal open cross border oil pipeline

The leaders of India and Nepal inaugurated South Asia's first cross-country oil pipeline Tuesday, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor.

State Court Rejects Challenge to Line 3 Pipeline

The Minnesota Supreme Court declined to take up challenges by tribal and conservation groups and ruled that the Minnesota Public Utilities Commission can move forward with an environmental review of Enbridge Energy’s proposal to replace its aging Line 3 crude oil pipeline.

Lawsuit: Poor information about pipeline led to fatal blast

A federal lawsuit accuses a major pipeline company based in Georgia of failing to tell work crews where a major underground pipeline was located before they ruptured the line, touching off a deadly explosion in Alabama.

U.S. Oil Exports Ramp Up as Buyers Seek Alternatives to Saudi Crude

The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and Saudi Arabia tried to secure refined products.

Saudi Attacks Raise Spectre of $100/barrel Oil: Analyst View

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

Major Saudi Oil Sites Hit in Drone Attacks

Drones claimed by Yemen’s Houthi rebels attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early Saturday, sparking a huge fire at a processor crucial to global energy supplies.

Fire Put Out on Tanker at Norway's Sture Oil Terminal

Police evacuated people from a major tanker port in southern Norway Friday as a precaution after a fire on an oil tanker.

LM Energy Completes First Phase of Touchdown Gathering System

Dallas-based LM Energy Holdings said it has completed Phase I of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin and will begin transporting crude oil in October.

U.S. Agency Commits $688 Million to Projects in Argentina

The U.S. government's development finance institution has approved four projects worth $688 million in Argentina, including oil and gas transportation and processing infrastructure for the Vaca Muerta field.

Total Seeks Buyer for Tainted Russian Piped Oil

France's Total has issued a tender to sell 1.3 million barrels of contaminated Russian Urals crude oil for loading from Rotterdam port, according to three trading sources.

U.S. Oil Production Still Near Record High, but Growth Slowed

U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020

Enbridge Urges Canadian Regulator to Not Intervene in Pipeline Plan

Enbridge Inc called on Canada's energy regulator on Wednesday to ignore calls from some of its shippers and avoid intervening in the pipeline company's contentious proposal to revamp contracts on its Mainline network.

Two Overnight Bombings Damage Colombia's Cano Limon Pipeline

Two overnight bombings have damaged Colombia's Cano Limon pipeline, state-run oil company Ecopetrol said on Thursday, one spilling "highly volatile" oil into a river in the eastern province of Norte de Santander.

Trump Administration Drops Obama-Era Water Protection Rule

The Trump administration on Thursday revoked an Obama-era regulation that shielded many U.S. wetlands and streams from pollution but was opposed by developers and farmers who said it hurt economic development and infringed on property rights.

Gas Prices Forecast to Fall to '70s Levels on Pipeline Oversupply

An oversupply of natural gas in the United States from new pipelines will drive average prices at the Henry Hub benchmark to a level not seen since the 1970s, according to a report from IHS Markit on Thursday.

Oxy May Keep Some Western Midstream Ops: Morgan Stanley

A month after acquiring Anadarko, Occidental Petroleum is targeting $10-15 billion in asset sales but might accomplish this without divesting all of Western Midstream's operations.

TurkStream 2nd String to Cross Bulgaria, Serbia, Hungary

The second leg of the TurkStream gas pipeline is planned to go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak announced, as Moscow prepares to phase out gas transit to Europe via Ukraine.

Scarborough Pipeline Awaits Final Investment Decision

Netherlands-based Royal Boskalis Westminster has been awarded a contract valued at $162 million (145 million euros) for seabed intervention and shore-crossing activities for the proposed Scarborough export gas pipeline in northwestern Australia.

Blue Mountain Launches Open Season for Gathering Systems

Blue Mountain Midstream announced its Wildcat subsidiaries launched an open season for new crude oil and water gathering systems and services in central Oklahoma.