Regions

Extreme Heat Could Cause U.S. Power Shortages This Summer

The organization responsible for North American electric reliability warned energy shortfalls were possible this summer in California, Texas, New England and the Central United States based on above-normal temperature forecasts for much of the region.

U.S. Capital Running Out of Gas, Even as Colonial Pipeline Recovers

The U.S. capital was running out of gasoline on Friday even as the top U.S. fuel pipeline ramped up deliveries following a cyberattack and Washington officials assured motorists that supplies would return to normal soon.

Jordan Says Fire in Four Oil Pipelines Put Out

A fire in four oil pipelines that feed Aqaba refinery has been put out, Jordan's state news agency said on Thursday.

Pipeline Operator Energy Transfer Mulls Chemicals Acquisition

Energy Transfer is weighing acquisitions in the booming chemicals business, co-founder and executive chairman Kelcy Warren said on Wednesday at a conference in North Dakota, where he also expressed confidence DAPL will continue to operate.

Panicked Drivers in Southeast U.S. Swarm Pumps, Ignore Pleas to Stop Hoarding

Drivers in the U.S. Southeast formed lines on Wednesday to fill up tanks from the dwindling number of retail gas stations with fuel to sell, disregarding government pleas for people not to hoard supplies as the shutdown of the main regional fuel pipeline entered its sixth day.

Occidental Petroleum Says Federal Leasing Ban Would Hurt U.S. Oil Growth

U.S. oil and gas producer Occidental Petroleum Corp said federal drilling permits are moving forward in the Permian Basin shale field following a federal pause this year, but a longer-term ban could hurt U.S. oil output.

Fuel Shortages Worsen on Sixth Day of Top U.S. Fuel Pipeline Outage

Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of supply in some cities.

Canada, U.S. Ties Could be Undermined if Michigan Shuts Pipeline

A day before Michigan's deadline to close down a key crude oil pipeline, Canada on Tuesday issued its strongest remarks so far, saying the move could undermine relations with the United States, its closest ally and trading partner.

Suncor to Develop Hydrogen Project in Alberta Amid Renewables Push

Suncor Energy will develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions and tackle climate change.

Venezuela Needs $58 Billion to Restore Crude Output to 1998 Levels

PDVSA estimated that $7.65 billion is needed for reviving pipelines, projects for gas injection to oilfields, terminals and refineries that are idled or underperforming due to lack of maintenance.

U.S. Pump Prices Head for Highest Since 2014 as Hacked Fuel Pipeline Shut

U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disruption caused by a cyber attack on the country's biggest fuel pipeline system.

Annual US Natural Gas Production Decreased by 1% in 2020

U.S. natural gas production – as measured by gross withdrawals – averaged 111.2 Bcf/d (3.15 Bcm/d) in 2020, down 900 MMcf/d (25 MMcm/d) from 2019 as result of a decline in drilling activity related to low natural gas and oil prices in 2020.

Traders Book Tankers in Europe to Ship Gasoline Across Atlantic after Colonial Shutdown

Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.

Australia Commits $45 Million to Boost Gas Supply

The Australian government said it will commit A$58.6 million ($45.3 million) to boost gas supply, storage and pipeline capacity in its 2021-22 budget, due to be unveiled on Tuesday.

Hackers Say They're Seeking Cash as Top US Fuel Pipeline Down for 4th Day

A group of cybercriminals allegedly responsible for the ransomware attack that shut the largest fuel pipeline in the United States said on Monday it only wants to make money, not disrupt society, as Washington scrambled to help restore the network.

Colonial Pipeline Shuts Down after Cyber Attack

Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack that industry sources said was caused by ransomware.

Enbridge to Keep Great Lakes Pipeline Running, Defy Looming Michigan Shutdown Order

Canada's Enbridge Inc will continue to operate its Line 5 despite an order from the U.S. state of Michigan to shut down the crude oil pipeline next week, Chief Executive Al Monaco said.

Australia’s Western Gas, APA Group Studying Potential Gas Pipeline

Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a 130-mile (210-km) offshore pipeline and a transcontinental pipeline, the companies announced.

Galaxy Pipelines Look to Expand Gas Pipeline Network in Abu Dhabi

Despite climate change, and uncertain futures for both demand and supply, some financial investors have become enthusiastic about gas pipelines.

Total and Papua New Guinea Government Remobilizing, Planning Papua LNG Project

France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic.

Australia's Origin Locks in Domestic Gas Supply Tied to Asian LNG Price

Origin has also lined up extra pipeline capacity under a three-year deal with APA Group starting in 2023, which will allow the company to transport large amounts of gas to southern markets where it is needed.

US Federal Land Policy Still Leaves Room for Winning Hands

State energy officials have been laser-focused on the Biden administration’s suspension of new oil and gas leasing on federal lands because it could eventually curtail Bakken production by more than 100,000 bpd.

Energinet and Gasunie Studying Feasibility of Hydrogen Pipeline Infrastructure

Energinet and Gasunie published a technical pre-feasibility study for transporting hydrogen via a 350-450 km (217-279 mi) pipeline from Esbjerg or Holstebro in Denmark to Hamburg in Germany.

Army Corps: No Cause to Shut Dakota Pipeline During Review

The U.S. Army Corps of Engineers said it does not believe a judge should order the Dakota Access oil pipeline shut while environmental review continues, according to court filings on Monday.

Australia Backs Three 'Green' Hydrogen Projects with More Than A$100 Million

Australia said it had awarded A$103 million ($80 million) to back three 'green' hydrogen projects, hiking its planned funding by almost 50% as the government seeks to speed up commercial production of the gas using renewable resources.

LNG Cargoes Diverted from India as COVID Crisis Dampens Demand

LNG cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.

Forties Oil Work to Drive Drop in June Brent Benchmark Supply

The North Sea Forties crude oil stream will load only two cargoes in June, a copy of the shipment schedule showed, reducing supply of the crude that underpins the global Brent benchmark.

Continental Resources Ramping Up Bakken Operations, Adds Rigs to Powder River Basin

Shale oil producer Continental Resources on Thursday said it will ramp up activity in North Dakota's Bakken shale field this year as it shifts more of its production operations to crude oil from natural gas.

Indonesia to Stop LPG and Fuel Imports by 2030

Indonesia will stop both liquefied petroleum gas and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said.

Suncor, Svante Accelerating CO2 Capture Efforts in North America

Suncor and Svante signed an equity financing agreement, providing the latter with the additional growth capital to accelerate its second-generation CO2 capture technology in North America.