Regions

Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

Why a Crisis Over European Gas Prices Caused Panic About CO2 Supplies

Britain struck a deal with a major producer of fertilizer and carbon dioxide to restart two plants which had halted operations due to soaring prices for natural gas. The closures had led to fears that the production of a wide range of food and drinks could be shut down within days.

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

Damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. The prolonged shut-in of the WD-143 platform would also affect smaller operators which use the Mars pipeline.

GTI’s Hydrogen Technology Center to Research U.S. Clean Energy Distribution

Kristine Wiley was recently named vice president of GTI’s Hydrogen Technology Center, which will facilitate increased use of hydrogen in an integrated energy system to meet the challenges of decarbonization.

Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

Dakota Access Pipeline Asks U.S. Supreme Court to Scrap Environmental Study Order

Dakota Access asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review.

UK's Interconnector Announces 10-Day Planned Maintenance Shutdown

The operator of Interconnector gas pipeline between Britain and Belgium said on Monday it will start a planned maintenance shutdown for 10 days starting Nov. 16, 2021.

UK has Plans to Protect Consumers from Soaring Gas Prices – Business Minister

Britain has plans in place to protect the market and consumers from soaring global gas prices, business minister Kwasi Kwarteng said on Sunday following a meeting with the head of energy regulator Ofgem.

Norway to Raise Gas Exports to Europe as Prices Soar

Norway will allow state-controlled Equinor and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over a shortage of European gas supplies that have sent prices soaring.

Syria Says Gas Pipeline at Deir Ali Power Station Resumes After Islamic State Attack

The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on Saturday, according to Syrian state TV.

Enbridge Fined $3.32 Million for Failings in Line 3 Replacement Project

The Minnesota Department of Natural Resources fined Enbridge Inc. $3.32 million, citing the Canadian company's failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement.

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Russian Diamond Producer Tests CO2 Capture Potential by its Ore

State-controlled diamond producer Alrosa has teamed up with Russian scientists to test the ability of its processed ore to absorb carbon dioxide, the company said, adding that initial results of the study have been promising.

Italgas Expects DEPA Deal to Drive Earnings as Greece Looks to Gas

Italgas is working to ready its pipelines in Italy to carry biogases in the future and its experience could be transferred to Greece.

Program to Pacify Nigeria's Oil Delta Stalled by Corruption, its Boss Says

Before the amnesty program, the region had experienced years of full-blown conflict, with armed groups blowing up pipelines and flow stations, kidnapping oil workers and fighting the armed forces.

Oil Slips to $75 as U.S. Storm Threat Wanes

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.

Colonial Pipeline Partially Resumes as Nicholas Brings Rains, Wind

The largest U.S. fuel line resumed partial operations Tuesday as oil and gas facilities weathered hurricane Nicholas' landfall in Texas, suffering less damage than in Hurricane Ida two weeks earlier.

Canadian First Nation Demands Enbridge Reroute Gas Pipeline After 2018 Explosion

A Canadian First Nation in northern British Columbia said on Tuesday it was trying to force Enbridge Inc. to reroute a natural gas pipeline off its reserve lands after the line exploded in 2018, causing residents to flee their homes.

US, EU Pursuing Global Deal to Slash Planet-Warming Methane, Documents Show

The United States and the European Union have agreed to aim to cut emissions of methane by around a third by the end of this decade and are pushing other major economies to join them, according to documents seen by Reuters.

Record Gas Prices Could Hasten Nord Stream 2 Launch, Analysts Say

Record gas prices in Europe could hasten clearance for fuel supplies via Russia's Nord Stream 2 pipeline to Germany, analysts said on Tuesday.

Texas Freeport LNG Export Plant Shut During Tropical Storm Nicholas

U.S. LNG company Freeport LNG said on Tuesday all three liquefaction trains at its Freeport LNG export plant in Texas shut, likely due to power outages from Tropical Storm Nicholas.

Enbridge’s Cameron Extension Pipeline Project Nearing Completion

Texas Eastern Transmission’s Cameron Extension pipeline project in southwestern Louisiana is on track to be mechanically complete in October, leading to a November in-service, an Enbridge spokesperson said.

Spire Gets More Time to Operate Missouri St. Louis NG Pipeline

U.S. natural gas company Spire Inc. got permission from federal regulators on Tuesday to keep operating its STL natural gas pipeline in Missouri for another 90 days while regulators consider the next steps for the pipe.

Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind

The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.

China to Announce Details of Oil Reserve Sales in Due Course

China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.

Germany has Four Months to Certify Nord Stream 2 Pipeline

Germany's energy regulator on Monday said it had four months to complete a certification of the Nord Stream 2 gas pipeline after receiving all necessary documents for an application for an operating license from the pipeline company.

U.S. Reassures Allies Over Nord Stream 2 but Calls it a 'Reality'

A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia's Nord Stream 2 gas pipeline, but that the project was now a "reality.”

Germany's Merkel Seeks to Calm Nord Stream 2 Fears

Merkel asserted that Ukraine will remain a transit land for Russian gas during a farewell visit to Poland during which also struck a conciliatory tone on Warsaw's conflict with the European Union over judicial reforms.

Norway Offers Two New Offshore Areas for CO2 Storage

Norway is offering two new offshore areas for companies interested in developing carbon dioxide storage, the oil and energy ministry said on Friday.