North America

TC Energy's 590,000-bpd Keystone Pipeline Resumes Operations

TC Energy's 590,000-barrels-per-day Keystone oil pipeline resumed operations after it was shut the previous evening for unplanned maintenance.

US NatGas Gains Over 2% on Rising Demand, Lower Output

Gas output in the Lower 48 states slipped to an average of 94.8 billion cubic feet per day so far in January from a record 97.6 Bcfd in December. Much of that production decline was in Texas and occurred on Sunday.

Pemex Plans Sharp Drop in Crude Exports as it Ramps Up Refining

Mexico's Petroleos Mexicanos (Pemex) said it would drastically reduce planned crude exports next year as the state oil company works to meet the government's target of refining all of its oil domestically.

US to Dominate Midstream Project Starts in North America Through 2025, GlobalData Forecasts

The United States is likely to start the operations of 169 midstream oil and gas projects from 2021 to 2025, accounting for about 69% of the total upcoming midstream project starts in North America by 2025.

US NatGas Futures Edge Up on Soaring Global Gas Prices

United States natural gas futures edged up on Tuesday, shrugging off forecasts for milder weather and lower heating demand next week than previously expected.

Proteum Energy and Istmo Energy to Produce Low-Cost Hydrogen in the Permian Basin

Proteum Energy entered a Memorandum of Understanding with Istmo Energy for Proteum to provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen.

Coastal GasLink Pipeline Project More Than Halfway Complete

Coastal GasLink’s pipeline project is more than 57% complete overall, and more than 46% of the construction is finished, according to its monthly construction update.

BP to Buy Out US Pipeline Partnership in $723 Million Deal

BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn't already own in a more than $700 million deal.

About Half of US Oil Pipeline Space is Empty After Boom Time Building Spree

About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas.

New York City Bans Natural Gas in New Buildings

The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy.

Report: High Rates of Methane Spewing from Permian Oilfield Operations

Methane continues to escape at a high rate from oil and gas operations in the Permian Basin, according to an aerial survey released Tuesday.

Plains All-American Hoping to Replace Ruptured Oil Pipeline in California

Plains All American Pipeline is applying for a replacement pipeline project in California, showing the state still has potential to host fossil fuel infrastructure even as it takes significant measures to curb climate change.

Permian Oil Output Forecast to Hit Record High in January -EIA

Output from the Permian is closely watched by the global oil market because it has pipeline access to export hubs in Houston.

EIA Forecasts US Natural Gas Production Will Increase in 2022

If realized, the December 2022 forecast production level will exceed the previous record of 97.2 Bcf/d, which was set in November 2019.

Canadian Oil Output to Peak 7 Years Sooner Than Previously Forecast

Oil output in Canada, the world's fourth-largest producer, will climb over the next decade and peak at 5.8 million barrels per day in 2032.

Carbon+Intel: Enterprise Products Could Repurpose Pipelines for Carbon Projects

Pipeline operator Enterprise Products Partners could repurpose some of its vast U.S. network of energy pipelines for carbon capture and sequestration projects, co-Chief Executive Jim Teague said.

Permian Shale Producers Warn of Natural Gas Takeaway Constraints

U.S. oil and gas producers Diamondback Energy and ConocoPhillips said the top U.S. shale field will face natural gas pipeline constraints as production grows and companies strive to reduce flaring.

US Has 'Understanding' With Germany to Shut Nord Stream 2 Pipeline if Russia Invades Ukraine

United States officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on Tuesday.

Global Oil CEOs Stress Continuing Need for Fossil Fuels at World Petroleum Congress

More than 5,000 participants from over 70 countries have gathered to attend the World Petroleum Congress this week, where top executives from energy companies are affirming the need for more oil for decades to come.

Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise

Enbridge Inc. on Tuesday raised its dividend and announced plans to buy back shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas.

DIMP-Related Pipe Replacement Work Continues in Full Force US

While the amount of work to replace cast-iron and bare-steel pipe has declined in volume since the implementation of the Gas Distribution Integrity Management Program in 2009, there is still plenty of construction left to be done.

Energy Transfer Completes Acquisition of Enable Midstream

Energy Transfer now owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.

MVP Expands Pipeline Holdings into Midland Basin

MVP Holdings acquired Echo Canyon Pipeline Holdings and its subsidiaries to substantially expand its crude business in the highly active southern Midland basin of West Texas.

Texas Cuts $9,000 Power Price Cap After February Freeze

The Public Utility Commission of Texas adopted a proposal to cut the wholesale electricity price cap from $9,000 per megawatt hour to $5,000 to help avoid price spikes like those seen during last winter's February freeze.

Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant

The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year.

Texas Adopts Rules for NatGas/Power Coordination to Avoid Feb Freeze

The Public Utility Commission of Texas adopted rules to increase coordination between the natural gas and electricity industries to avoid blackouts and other energy emergencies like last winter's February freeze.

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.

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.

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.