Regions

Global News December 2021

German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.

A True Chilling Effect

When the Supreme Court refused to stay a lower court decision that vacated a federal permit allowing Spire’s STL pipeline to operate, it opened a door that could threaten natural gas supplies to residents during St. Louis’ notoriously bitter winter.

Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield

Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.

Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis

Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.

Michigan Drops Federal Case Against Enbridge Pipeline to Clear Way for State Court Case

The move is a welcome development for Enbridge in one part of the long-running battle over Line 5, but Governor Gretchen Whitmer made it clear she will continue to fight against the 68-year-old oil pipeline.

Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed

Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.

Enbridge May Face Tougher Fight for Oil Barrels, Lower Rates, After Pipeline Ruling

A Canadian regulator's rejection last week of Enbridge's plan to sell space long-term on the country's biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line.

Gazprom Reports Record Quarter Profits on Surging Gas Prices

Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.

ExxonMobil Continues Preparatory Work for Gas Project in Vietnam

ExxonMobil is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said, with a final investment decision dependent on factors including regulatory approvals and gas sales deals.

Germany Said to be Working with US on Nord Stream 2 Deal

Germany's foreign ministry said it continued to coordinate closely with the U.S. administration on implementing a joint declaration on the $11 billion pipeline.

Gunmen Kill Four at Pipeline Works in Nigeria

Gunmen have killed four men who were involved in the maintenance on a pipeline owned by the Nigerian subsidiary of Italian oil giant Eni,

Waha Pipeline Work to Cut Libyan Oil Output for a Week

Libya's Waha oil company will carry out maintenance operations on a pipeline starting on Wednesday that will reduce crude output for one week

Snam Buys Stake in Algerian Pipelines to Pave Way for Hydrogen Highway

Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.

Moldova Settles Debt for Gas to Russia, Averts Energy Crisis

Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.

Canada Rejects Enbridge Plan to Sell Oil Pipeline Space Under Contract

The Canada Energy Regulator on Friday rejected Enbridge's plan to sell nearly all space on its Mainline oil pipeline under long-term contracts, rather than rationing it on a monthly basis.

Gazprom Nearly Doubles Planned Investments to $24 Billion in 2022

Russian gas giant Gazprom said its management has approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.

Greece Teams Up With Egypt on Gas Supply, Infrastructure

Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

Giant Pipeline in U.S. Midwest Tests Future of Carbon Capture

The 2,000-mile Midwest Carbon Express would be the world's largest carbon dioxide pipeline, moving greenhouse gases from Midwest biofuels plants to store underground in North Dakota. But some landowners don't want it.

Australia Unveils Plan to Spur Pipeline Investment

Australia outlined a plan to spur investment in new gas pipelines to beef up gas supply, despite the government's pledge to achieve net zero carbon emissions by 2050

Delay to Nord Stream 2 Pipeline May Be Short - Analyst

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said after meeting officials of Russian state gas giant Gazprom.

Russia Agrees to Extend Deadline for Moldova's Gas Payments

Russian gas giant Gazprom said it agreed to continue gas exports to Moldova despite its inability to pay for the gas on time, extending a payment deadline and averting an energy crisis in the ex-Soviet state, at least for now.

Contractors: Western Canada to Boost Drilling to Pre-Pandemic Levels

Western Canadian oil and gas producers will drill 27% more wells in 2022 than the previous year, returning to pre-pandemic levels as prices rebound and pipeline projects advance, the Canadian Association of Energy Contractors (CAOEC) said.

U.S. Energy Secretary: Companies Making Big Profits Should Increase Oil Supply

U.S. Energy Secretary Jennifer Granholm on Tuesday urged U.S. energy companies to increase oil supply amid "enormous profits," as the Biden administration tries to bring down the price of gasoline.

Seaborne, Saudi Oil Supplies to Poland at Highs Amid Belarus Tensions

Poland raised its seaborne oil imports as well as crude supplies from Saudi Arabia to multi-year highs in October amid tensions with neighboring Belarus and talks on new supply deals with Russia, according to Refinitiv Eikon data and traders.

US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Gas Flows to Germany Via Yamal Pipeline Steady Amid Price Volatility

Russian natural gas flows through the Yamal-Europe pipeline to Germany have been steady for the past 24 hours on Friday, data from Gascade showed, while gas prices have been volatile amid the uncertainty over a major pipeline.

Europe's Gas Firms Prime Pipelines for Hydrogen Highway

As world leaders hammered out a deal last week to slow climate change, gas engineer Michele Ricciardi was digging into a practical problem: How thousands of miles of pipelines across Italy and Europe can safely carry hydrogen.

Russia Says Repairs Complete on Oil Pipeline in Belarus, Pumping to Resume

Russia's Transneft pipeline monopoly said repairs were complete on a section of the Druzhba oil pipeline in Belarus and that oil pumping would resume on Thursday evening, the RIA news agency reported.

Texas Electric Grid Still Not Ready for Extreme Winter Weather -NERC

The Texas electric grid could suffer a massive shortfall in generating capacity in a winter deep freeze, potentially triggering outages similar to those in February, according to a report on Thursday by an electric reliability authority.

Canadian Police Set to Remove Indigenous Protesters at Site of Disputed Pipeline

Canadian police on Thursday prepared to remove indigenous protesters from the site of TC Energy Corp.'s Coastal GasLink pipeline in British Columbia, a development long opposed by some First Nations groups.