Regulation
Trans Mountain's Expanded Pipeline System to Begin Operations on May 1
Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian company said on Wednesday.
Biden Administration Cancels Latest Oil Reserve Refill Plan Amid High Prices
The U.S. has canceled the purchase of about 3 million barrels of oil for the Strategic Petroleum Reserve due to rising prices, slowing down the pace of replenishment after a historic sale from the emergency stockpile in 2022.
Court Upholds FERC's Authority in Gas Pipeline, LNG Project Deadline Extensions
(P&GJ) — A recent court ruling upheld FERC's authority to extend deadlines for approved natural gas projects, despite opposition from environmental groups. The cases in question involved the Northern Access Pipeline in Pennsylvania and the expansion of Cheniere's Corpus Christi Liquefaction LNG facility in Texas.
Shell Seeks Longer U.S. License Before Committing to Venezuela Gas Project
Oil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.
White House Considers Ending LNG Export Pause for Ukraine Aid, Sources Say
U.S. officials are open to ending President Joe Biden's pause on approvals of LNG exports to get a Ukraine aid package passed in Congress, but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday.
Cheniere's Reduced Output Leads to Decline in U.S. LNG Demand
There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG.
INGAA Commends House Leaders for Advancing Pipeline Safety Bill
Amy Andryszak, president and CEO of INGAA, commended the U.S. House of Representatives Committee on Energy & Commerce for its progress in advancing the Pipeline Safety, Modernization, and Expansion Act of 2024.
XCL Resources Seeks FTC Approval for Altamont Energy Acquisition
The application seeks approval from the agency for its proposed acquisition of Altamont Energy, LLC, an oil and gas operator in Utah's Uinta Basin region.
Colonial Pipeline Delays Shutdown of Baltimore Segment After Bridge Collapse
Colonial Pipeline will delay the shutdown of a small, underutilized section of its pipeline system that delivers fuel to North Baltimore from April 1 to May 1, according to a notice to shippers seen by Reuters.
API Releases New Standard for Public Engagement in Pipeline Operations
The standard, titled API Recommended Practice (RP) 1185, Pipeline Public Engagement, aims to foster proactive, inclusive, and collaborative communication throughout the lifecycle of pipeline construction and operation.
Biden Administration Buys Oil for Emergency Reserve Above Target Price
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price.
Hydrogen Industry Urges Streamlined Process for U.S. Tax Credits
Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff.
New U.S. Rules Aim to Curb Leaks from Oil and Gas Drilling on Public Lands
The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines.
U.S. Opposes Pakistan-Iran Gas Pipeline Project, Warns of Sanctions
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
Elliott Accepts Phillips 66's Performance Goals, CEO Lashier Says
Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder returns and share price, Chief Executive Mark Lashier said in an interview on Tuesday.
Exxon, JERA to Partner on U.S. Hydrogen Production Project
Exxon Mobil has entered into an agreement with JERA, Japan's top power generator, to jointly explore the development of a low-carbon hydrogen production project in the United States.
Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases
The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said.
Under-the-Radar SEC Land Grab Foiled by Public Scrutiny
In the weeks ending the year 2023 and those starting the one, a stealth part of the Biden administration’s green agenda with ramifications for the oil patch was sliding under the radar of most major fossil fuel organizations.
Concerns Over LNG Pause Overblown
Recently, the United States announced a pause on permits for new LNG export facilities. The move sparked outcry among industry groups in Asia, which quickly declared the move would hurt the region’s energy security and climate goals. However, their concerns are unfounded for five simple reasons.
Editor’s Notebook: Nord Stream’s $20 Billion Question
It has been more than two years since the attack on the Nord Stream pipelines and still nobody knows for sure who were the perpetrators – or if they do, they are not saying so publicly.
Sixteen Republican-Led States Sue Federal Government Over LNG Export Permit Ban
Sixteen Republican-led states on Thursday filed a lawsuit to challenge the federal government's ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.
U.S. Pipeline Firms Looking to Follow Biggest Customers into M&A Wave
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said.
CEO: Other Nations Will Fill LNG Gap if U.S. Retreats, Baker Hughes Affirms
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes, the world's largest provider of equipment for the LNG sector, said on Thursday.
U.S. Senators Move to Harden Ban on Selling Reserve Oil to China
Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.
Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
U.S. energy firm Williams Companies has delayed the completion of its Louisiana Energy Gateway natural gas pipeline project following a dispute with a rival, Williams CEO Alan Armstrong said on Wednesday at a conference.
Venture Global CEO: Shift Towards Internal Financing for LNG Projects Expected
More funding for future LNG plants will rely on internal financing instead of the project financing that has paid for most projects to date, Venture Global LNG 's CEO said on Tuesday.
Chevron CEO 'Surprised' by Exxon's Arbitration Filing Over Guyana Stake
Chevron was surprised when Exxon Mobil filed for arbitration over Chevron's plans to buy Hess's Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday.
Enstor Seeks FERC Approval to Double Capacity of Mississippi Hub Natural Gas Storage Facility
Enstor Gas LLC has submitted an application to FERC through its affiliate, Mississippi Hub LLC, for an expansion of its natural gas storage facility located in Simpson County, Mississippi.
Pembina Receives Regulatory Approval to Acquire Enbridge's Interest in Joint Ventures
Pembina Pipeline said on Tuesday the Canadian Competition Bureau has approved its proposed $2.28 billion acquisition of Enbridge's interests in the Alliance, Aux Sable, and NRGreen joint ventures.
U.S. Aims to Restore Strategic Oil Reserve by Year-End, Granholm Says
U.S. crude oil stockpiles in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday.
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- New Alternatives for Noise Reduction in Gas Pipelines
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
