Regions

TC Energy Files $15B NAFTA Claim Over Keystone XL Cancellation

TC Energy Corporation filed a Notice of Intent to initiate a legacy North American Free Trade Agreement claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.

Nigeria Losing 200,000 BPD to Pipeline Damage, Minister Says

Nigeria is losing an average of 200,000 barrels of oil per day - more than 10% of its production - to pipeline vandalism, the country's information minister said on Monday.

'Eye of fire' in Mexican Waters Blamed on Gas Pipeline Leak

Pemex said that a fire on the ocean surface west of Mexico's Yucatan peninsula Friday was caused by a gas leak from an underwater pipeline. Videos of the blaze went viral.

U.S. House Panel Passes Amendment to Stop Sanctions Waiver on Nord Stream 2

The Biden administration could face pressure to block Russia's Nord Stream 2 natural gas pipeline after a House of Representatives panel this week passed an amendment seeking to repeal the U.S. State Department's ability to waive sanctions on the project.

Shell Opens 10 MW German Hydrogen Electrolyzer to Boost Green Fuel Output

Royal Dutch Shell launched Europe's biggest hydrogen electrolysis plant at the Wesseling site of its Rheinland refinery after two years of construction, as it expands further into alternative energies.

Gazprom Holds Back Exports via Ukraine, Pressing Case for Nord Stream 2

Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting for the Nord Stream 2 pipeline to be commissioned, analysts said.

EBRD Stops Investing in Upstream Oil and Gas to Align with Paris Goals

The European Bank for Reconstruction and Development will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement, but will continue to finance select projects in the midstream and downstream sectors.

Shell Plans to Exit California Joint Venture with Exxon Mobil

Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters.

Ecuador Races to Move Oil Pipelines, Protect Power Plant from Raging River

Two dozen workers using six excavators cleared a strip of heavy forest in the foothills of Ecuador's Reventador volcano on an overcast June morning, rushing to carve a new route for an oil pipeline in hopes of avoiding a repeat of the country's worst oil spill in decades.

Nigerian Lawmakers Pass Historic Oil Overhaul Bill

Both chambers of Nigeria's parliament have passed a bill that overhauls nearly every aspect of the country's oil and gas production, putting a project that has been in the works for two decades one step closer to presidential sign-off.

U.S. Natural Gas Companies Put Hydrogen to the Test

At least two dozen U.S. energy firms, including Dominion Energy Inc and Sempra Energy, have started producing hydrogen or testing its viability in natural gas pipes to take advantage of existing infrastructure as the world prioritizes lower-carbon fuels.

Argentina NatGas Woes Risk Slide Back into Energy Deficit

Argentina, which had steadily dug itself out of a deep energy deficit to post a slender surplus last year, is set to sink back into an energy hole this year that could reach $1 billion due to local natural gas shortfalls driving the need for expensive LNG imports.

U.S. Supreme Court Backs PennEast Pipeline in New Jersey Land Dispute

The U.S. Supreme Court on Tuesday ruled in favor of a consortium of energy companies including Enbridge Inc seeking to seize land owned by New Jersey to build a $1 billion natural gas pipeline despite the state's objections.

EU Countries Approve Landmark Climate Change Law

European Union countries on Monday gave the final seal of approval to a law to make the bloc's greenhouse gas emissions targets legally binding, as EU policymakers prepare a huge new package of policies to fight climate change.

European Commission Approves French Support for Natural Gas Storage

France's system of financial support for natural gas storage, set up in 2017 to shore up the country's energy supplies, complies with European Union state aid rules, the European Commission said.

Following Senate, U.S. House Reverses Trump Rollbacks of Methane Rules

The U.S. House of Representatives voted 229-191 to nullify the Trump administration's 2020 rollback of regulations to curb the emissions of greenhouse gas methane from oil and gas infrastructure, following a similar move by the Senate in April.

S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline

State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling.

Libya’s Civil War Stifling Growth of Pipeline Industry

The prolonged civil war in Libya continues to lock out potential investments in greenfield oil and gas pipeline projects with the National Oil Company. International oil companies are left with the option of investing in repairs and maintenance of existing oil and gas transportation infrastructure.

Germany, U.S. Seek to Resolve Nord Stream 2 Dispute by End August

German Economy Minister Peter Altmaier on Friday said he had a productive meeting with U.S. Energy Secretary Jennifer Granholm, and both countries were committed to resolving a dispute over the Nord Stream 2 pipeline by the end of August.

Brussels Region to Ban Diesel Cars by 2030, Petrol Cars by 2035

The ban will also apply to vehicles running on compressed-natural gas, liquefied natural gas and hybrids from 2035 in an effort to meet the European Union's carbon neutrality goal by 2050.

First Deepwater Gas Field Fully Run by China Starts Production

The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.

Perspective: How Vladimir Putin Uses Natural Gas to Exert Russian Influence

The recent U.S.-Russia summit between Presidents Joe Biden and Vladimir Putin suggests that a controversial Russian natural gas pipeline, Nord Stream 2, is a done deal.

Blinken Says Nord Stream 2 is Russian Project That Undermines Ukraine

U.S. Secretary of State Antony Blinken on Wednesday described the Nord Stream 2 gas pipeline as a Russian geopolitical project that undermines the security of Ukraine, adding the United States wants to ensure Russia does not use energy as a coercive tool against any European state.

Saudi Aramco Extends $10 Billion Loan on Improved Terms, Sources Say

Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices, in addition to a public sale of a minority stake in the company and the recent leasing of some of its pipeline assets for $12.4 billion.

Taiwan's CPC Cleaning Up Oil Pipeline Leak Near Talin Refinery

Taiwan's state-owned refiner CPC Corp has started cleaning up an offshore oil spill caused by a pipeline that cracked during the discharging of oil from a vessel at its Talin refinery.

PipeChina Aims for Peak Carbon Emissions Before 2030

China Oil and Gas Pipeline Network, or PipeChina, aims to bring its carbon emission and energy consumption to a peak before 2030, a company manager said.

Canada Grimaces Amid Hail of U.S. Trade Blows

Signs of trouble emerged early. Within hours of taking power, Biden revoked the permit needed to build the Keystone XL oil pipeline, killing an $8 billion project that would have brought Canadian crude to U.S. markets.

Brazil's Petrobras Disqualifies Excelerate Energy's Bid on LNG Lease

Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that it had disqualified U.S.-based Excelerate Energy LP's bid on a lease for an LNG terminal in northeastern Bahia state.

Australia Rejects $36 Billion Wind, Solar, Hydrogen Project

The Australian government has rejected plans for a $36 billion wind, solar and hydrogen project in a remote area of Western Australia, leaving what would have been one of the world's largest green energy projects in limbo for now.

Morocco Targets $1.7 Billion in Non-Phosphate Mining Revenue by 2030

With 72% of global reserves, Morocco is the world's largest phosphates exporter and last year its state-owned phosphates company OCP reported revenue of 56.1 billion dirhams. Morocco is a major producer of renewable energy but also relies on gas imports, including through a pipeline running from natural gas producer Algeria through Morocco to Spain.