Regions

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.

U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve

The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.

Russia Completes Nord Stream 2 Construction, Gas Flows Yet to Start

Gazprom said it had finished construction of the Nord Stream 2 subsea pipeline to Germany, allowing Russia to potentially double lucrative gas exports to Europe via the Baltic Sea while bypassing political foe Ukraine.

German Hydrogen Council: Pipelines Most Economical Way to Move Hydrogen

Germany’s National Hydrogen Council determined pipeline transport to be the most economical option to move hydrogen for distances up to about 6,210 miles (10,000 km), even if it would require building new pipelines.

Offshore Operators Face Big Ida Losses as Insurers Trim Cover

Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico because of reduced coverage offered by insurers, risk modeling firm RMS said on Thursday.

Russia Waits for Germany's Nod to Start Gas Sales via Nord Stream 2

Pumping commercial natural gas supplies via the Nord Stream 2 gas pipeline will not start until a German regulator gives the green light, Russia's Foreign Ministry said on Thursday.

EIA Expects Higher Natural Gas Prices Due to Production Reductions Following Hurricane Ida

The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook, EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per MMBtu, a 16% increase from its August forecast.

Ukraine Says Russian Gas Transit to Europe Seen Falling This Month

The transit of Russian gas through Ukrainian gas transit system to Europe will fall to 109 million cubic meters a day in September from average 124 mcm a day in April to August, Ukrainian state-run gas transit operator said on Wednesday.

Introducing P&GJ’s Europe 500 Report of Top Pipelines

This first-ever list of pipelines serving Europe is intended to provide the industry with a listing of some of the longest transportation routes on the continent as of July 2021.

Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis

Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.

Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4

A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.

Making Hydrogen Work for UK’s Commercial Buildings

While domestic heat makes up more than half of the U.K. heat demand, commercial and industrial properties’ space heating, hot water and heat for cooking account for more than a quarter. Therefore, any conversion from natural gas to hydrogen in the national and local pipeline grids must cater to larger-scale commercial and industrial heating.

Western Basins Staying Alive in New Mexico, Colorado

With its portion of the rich Permian Basin booming, New Mexico is about to overtake North Dakota (Bakken Shale) as the nation’s second largest oil producing state, flowing more than 1.1 MMbpd.

Infrastructure Bill Includes More Spending on Water Pipes, Sewers

The Senate infrastructure legislation provides major funding boosts to the drinking water and clean water state revolving funds, but congressional passage of the bill depends, apparently, on whether Congress also passes a second $3.5 trillion “social infrastructure” bill demanded by progressive Democrats in the House.

Exxon to Begin Certifying Some Shale Gas Emissions Amid Investor Pressure

Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining several shale gas producers seeking to provide the data to buyers.

Russia, Ukraine Trade Accusations After Pipeline Attack in Crimea

Russia's FSB security service accused Ukraine of organizing an attack on a gas pipeline in Russian-annexed Crimea, an allegation rejected by Kyiv which said Moscow was trying to punish prominent Crimean Tatar figures.

Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy

Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.

Black Sea Oil & Gas Project a Litmus Test for Romanian Offshore Gas Investment

Black Sea Oil & Gas is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains, it could impact its operations in the country.

Final Piece of Nord Stream 2 in Place, Operator Says

The last section of the Nord Stream 2 gas pipeline has been welded into place, its operator said on Monday, meaning the two long stretches of the pipe can now be joined to complete the Baltic subsea link.

U.S. Probing Nearly 350 Reports of Oil Spills in Wake of Hurricane Ida

The U.S. Coast Guard said on Monday it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida.

Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul

The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.

China Approves $149 Million Coalbed Methane Pipeline Project

China's state planner has approved a 960 million yuan ($149 million) coalbed methane pipeline project linking the northern provinces of Shanxi and Shaanxi, the National Development and Reform Commission said.

Global News September 2021

Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.

Australia's Commonwealth Bank Taken to Court Over Oil and Gas Financing Policies

The case seeks documentation on projects including Santos' acquisition of the Barossa Gas Field, the Permian Highway natural gas pipeline in the United States, and Euronav NV "very large crude carriers,” the documents say.

U.S. Energy Firms Strain to Shake Off Hurricane's Toll

U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida's damages became more apparent.

Ukraine Warns Europe to be Dependent on Russia for Gas Supply with Nord Stream 2

The launch of Russia's Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine's gas transit operator said.

Eni Announces Giant Oil Discovery Offshore Ivory Coast

talian energy group Eni said on Wednesday it had made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of oil and around 2 trillion cubic feet of associated gas.

Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal

Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.

Colonial Pipeline Restarts as Ida Damage Assessments Face Hurdles

Colonial Pipeline restarted on Tuesday while other efforts to assess damages to energy infrastructure were slowed by widespread flooding from Hurricane Ida and power outages.

Hungarian Foreign Minister Agrees To Long-Term Gas Deal with Russia

Hungary has agreed with Russia on all the conditions for a new long-term gas supply deal to take effect from Oct. 1, Foreign Minister Peter Szijjarto said on his Facebook page on Monday.