Regions

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.

Congo Says Israeli Investor Gertler's Oil Permits No Longer Valid

Democratic Republic of Congo said exploration permits from companies controlled by Israeli investor Dan Gertler for two huge oil concessions near the eastern border with Uganda were no longer valid, but the companies said they still held the rights.

EIG-Led Consortium Closes $12.4 Billion Aramco Pipelines Deal

U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's pipelines business for $12.4 billion.

Police Detain Eight Employees of China Gas Unit After Deadly Pipeline Blast

Eight employees at a China Gas Holdings unit have been detained by local police following a fatal gas pipeline explosion on Sunday, according to a statement by the Shiyan city government.

Pembina and TC Energy Creating Carbon Capture, Sequestration Infrastructure Network in Alberta

By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid represents the infrastructure platform needed for Alberta-based industries to manage their emissions and contribute positively to Alberta's lower-carbon economy.

LNG's Share of Indian Gas Demand Forecast to Rise to 70% by 2030

Indian companies are investing billions of dollars to strengthen gas infrastructure, including laying 15,000-kilometer (9,320-mile) pipelines to supply cleaner fuel to households and industries.

Federal Judge Orders Biden Admin to Lift Oil Lease Ban

A federal judge in Louisiana ordered an end to the pause after Louisiana and 12 other states that support drilling on federal lands sued, arguing the suspension was against the law and would cause economic damage and kill jobs.

T.D. Williamson Performs First SmartPlug Pipeline Isolation in Offshore Nigeria

Isolating the 267-km (165-mi) natural gas pipeline off the shore of Nigeria enabled the safe change-out and leak testing of platform valves without depressurizing the system.

Texas Power Demand to Keep Breaking June Records in Heatwave

In February, ERCOT was forced to impose rotating outages as extreme cold froze natural gas pipes and wind turbines, leaving millions of customers without electricity - some for days. Conservation efforts and changes in procedures and processes implemented since the winter storm prevented the possibility of rotating outages so far.

Brace for Huge Oil Volatility, U.S. Trading Group Says

Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favor of renewables, U.S.-based Castleton Commodities International said.

Israel to Exempt Oil Pipeline from Environmental Regulations

The Israeli National Infrastructure Committee plans to exempt the Europe Asia Pipeline Company (EAPC) from considering an environmental impact survey for its installation in Ashkelon, Israeli newspaper Haaretz reported.

Energy Majors Bid for Qatar LNG Project Despite Lower Returns

Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.

Death Toll in China Gas Pipe Explosion Rises to 25

The number of people killed in a gas pipeline explosion in central China on Sunday has risen to 25, state broadcaster CCTV reported on Monday.

Shell Weighs Blockbuster Sale of Texas Shale Assets

Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.

Ukraine Prepared to Act Against Gazprom Over Central Asian Gas

Ukraine is prepared to take legal action against Gazprom to unblock natural gas supplies from central Asia, the Financial Times reported on Monday.