Regions

Venezuela Offers Natural Gas to Mexico, Experts Question Plan

Venezuela does not have a liquefaction plant to convert natural gas into LNG, which would be necessary to send the gas via sea to Mexico, industry experts said.

Texas Oil Refiners Will Take Weeks to Recover, Boosting U.S. Gas Prices

Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices.

U.S. to Unveil Nord Stream 2 Pipeline Report, Sanctions May Take Time

The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, a move that could eventually prompt sanctions on the nearly completed project.

As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze

Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.

Ford Shuts North American Plants due to Weather, Gas Supply Interruption

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.

Texas Mandate to Bar Natural Gas Exports Likely Unenforceable

The Texas oil and gas regulator on Thursday alerted state natural gas producers of a directive to reserve their supplies for in-state electric generation even as one member questioned whether the directive could be enforced.

President Asks Mexicans to Ration Power as Texas Limits Fuel

Mexico's president asked consumers on Thursday to use less electricity in the evenings as a measure to help overcome shortages of natural gas from Texas, which is seeking to ban exports of the fuel during freezing weather.

Texas Oil Producers Still Shut; Governor Bans Natural Gas Exports

The Texas governor ordered a ban on natural gas exports from the state to try to speed the restoration of power, which could heavily impact Mexico.

U.S. LNG Exports Forecast to Exceed Pipeline Exports in 2022

EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022.

Northern Mexico Hit With $2.7 billion Blackout due to Texas Freeze

Factories across parts of northern Mexico on Tuesday reported $2.7 billion in losses from blackouts that extended to a second day on limited natural gas supplies from Texas, where a rare winter freeze has left millions of users without light or heat.

Putin Says Russia Needs to Protect Elections from Foreign Meddling

Some European countries have called for sanctions against Moscow, including halting the construction of the undersea Nord Stream 2 gas pipeline, designed to export gas from Russia to Germany by bypassing Ukraine.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

Texas Energy Sector Struggles to Thaw After Deep Freeze

Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not used to dealing with frigid temperatures.

Norway Oil Firms Raise 2021 Investment Plans

Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022.

Magellan Midstream Launches Open Season for Potential New Mexico Pipeline Expansion

The nearly 250-mile pipeline segment currently transports various grades of gasoline and diesel fuel from Magellan's terminal in El Paso, Texas to terminals in Albuquerque, New Mexico.

Texas Deep Freeze Hits Energy Sector

A deep freeze in Texas that started over the weekend continued to wreak havoc on the U.S. energy sector on Tuesday, grounding operations at the Houston Ship channel and curbing output in the nation's largest oil field in the Permian, while several of the biggest oil refineries remained offline.

Resurgent Canadian Natgas Producers Looking to U.S. Market

Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years.

Watchdog says Australia Needs LNG Import Terminal to Avoid Gas Shortfall

Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday.

Germany Looking at Green Hydrogen Co-operation with Russia

Germany is in close communication with Russia about the potential of "green" hydrogen production and transport, Economy Minister Peter Altmaier said.

Oil Prices Close to 13-month Highs, Supported by Texas Cold Snap

Oil prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe.

Senators Prod Biden Admin on Nord Stream 2 Pipeline Sanctions

Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated was a "bad deal" for Europe.

Novak Tells Russian TV Oil Market on Recovery Path

The global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel, Russian Deputy Prime Minister Alexander Novak was quoted as saying on Sunday.

Oil Refineries Shut as Texas Energy Industry Reels from Deep Freeze

A deep freeze across Texas took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators.

Balkans Gas Developments Still Face Structural Woes

The gas market in Southeast Europe, better known as the Balkans, is weighed down by several longstanding difficulties. The region bounded by Bulgaria to the north, Croatia to the northwest and Turkey to the southeast currently suffers from disconnected markets, owing to the lack of an integrated cross-border gas pipeline network, a heavy dependence on Russian gas and insufficient storage capacity.

Nigerians Can Sue Shell over Oil Spills, UK Court Rules

That move was seen as a victory for rural communities seeking to hold parent companies accountable for environmental disasters, while Shell is disappointed and has largely blamed sabotage for oil spills.

Enbridge Raises Line 3 Replacement Cost Estimate by $1.1 billion

Enbridge Inc forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.

Mountain Valley Gas Pipeline Completion Expected by End 2021

Virginia natural gas company RGC Resources Inc's chief executive said the joint venture building the $5.8 billion-$6.0 billion Mountain Valley gas pipeline from West Virginia to Virginia expects to complete the project by the end of 2021.

Army Corps Attorneys Withdraw from Dakota Access Pipeline Case

An attorney at Earthjustice who represents the tribe said they hope the Biden administration will seek to close the line, but the departure of these attorneys should not necessarily be seen as a signal of that happening.

U.S. Pipeline Operator Energy Transfer to Tap into Alternative Energy

Traditional oil and gas companies are under increasing pressure to invest more in renewable energy and carbon-capture technology to battle climate change.

Argentina's Shale Oil Drives Rebound

Oil output from the Vaca Muerta region in Patagonia, which holds the fourth-largest shale oil reserves in the world, stalled during the coronavirus pandemic but hit a record high in December as producers revved up wells with an eye on rebounding prices and a new export market.