Business & Markets

OPEC Cuts Oil Demand Forecasts

The OPEC group is predicted a continued slump in oil demand due to the difficulties facing many developing countries, particularly India, in containing and recovering from the coronavirus pandemic.

Black Bear Completes Acquisition of Natural Gas Assets from Third Coast Midstream

Black Bear Midstream announced it has closed its acquisition of natural gas pipeline assets from Third Coast Midstream.

Argentina Pitches Pipeline to Brazil for Vaca Muerta Shale Gas

Officials in Argentina are planning to propose a multibillion-dollar pipeline project with Brazil to carry shale gas from Argentina's Vaca Muerta shale play to Brazil's gas distribution market.

Glenfarne Seeks 5 More Years to Build Louisiana Magnolia LNG Export Plant

Glenfarne Group and Kinder Morgan have asked U.S. energy regulators for an additional five years to build the Magnolia LNG export facility and accompanying pipeline expansion.

German State Leader Says Nord Stream 2 Should not be Used to Punish Russia

The leader of the German state where the Nord Stream 2 pipeline is to come onshore has said the pipeline should not be used as punishment against the Kremlin for the poisoning of a ciritc of Russian President Vladimir Putin.

Uganda, Tanzania Sign Agreement for Pipeline Construction

Uganda and Tanzania have signed an agreement to build a crude oil export pipeline to carry Ugandan oil to an export facility in Tanzania.

Genesis Energy Oil Pipeline Unlikely to be Restored Before October

An oil pipeline owned by Genesis Energy in the U.S. Gulf of Mexico is unlikely to return to operations before October 1, the company said in a statement on Thursday.

Freeport LNG Gets More Time to Complete Train 4 at Texas Facility

Freeport LNG has received more time from U.S. energy regulators to complete its fourth liquefaction train at the company's export facility in Texas.

Morrison Completes Gulf of Mexico Pipeline Installation, Reaches Milestone

Morrison, an energy services firm, has completed installation of over 60,000 feet of subsea pipeline in the U.S. Gulf of Mexico marking more than 5.5 million feet of pipe laid by the company in the region.

Enbridge To Resume Operation of East Segment of Line 5

Enbridge has announced it is restarting the east segment of its Line 5 oil pipeline in Michigan.

Pin Oak Midstream Acquires Assets from Laurel Mountain Midstream in NW Pennsylvania

Pin Oak Midstream announced it has acquired assets in Northwest Pennsylvania from Laurel Mountain Midstream.

Inland U.S. Refinery Closures Good Magellan Pipeline Systems — CEO

The closure of some U.S. oil refineries will be a boon to Magellan Midstream's oil pipeline systems, the company's CEO said on Wednesday.

Plains All American CEO Sees Further Consolidation in Pipeline Industry

The CEO of Plains All American said on Wednesday that the pipeline industry should expect more consolidations in the near future as low oil prices continue to hinder growth in the industry.

PETRONAS Launches Virtual LNG Pipeline System

Malaysian energy firm PETRONAS has launched a virtual LNG pipeline system to deliver natural gas to customers who cannot attach to the pipeline distribution grid.

INGAA Appoints Amy Andryszak as New President and CEO

The Interstate Natural Gas Association of America (INGAA) announced on Wednesday the appointment of Amy Andryszak as the association's new President and CEO.

Energy Transfer Expects Dakota Access Pipeline Expansion Operational by Late 2021

Energy Transfer told investors on Tuesday that it expects the expansion of its embattled Dakota Access oil pipeline to be operational by the end of next year.

LDCs Own Residential, Commercial Sectors but Pipelines Fuel Power: EIA

A new government report on the U.S. natural gas industry shows that local distribution companies (LDCs) supply 90% of natural gas to U.S. residential and commercial sectors, but pipeline companies handle the biggest volumes through direct delivery to electric power and industrial customers

Part 2: Background of the Ukraine’s Mega-Challenges

Since 2014, Ukraine has undertaken considerable reforms to reinforce macroeconomic stability and bolster the foundations of growth. After a significant contraction in 2014-2015, economic growth has picked up (2.4% in 2016-2017, 3.5% in 2018-2019). However, higher sustained economic growth is needed to deliver a durable improvement in living standards.

Norway’s Gas Field Fairy Tale

Norway has given its big gas field in the Barents Sea a fairy tale name: Snøhvit (Snow White). Now the fairy tale continues with the next phase of development called Askeladd.

Natural Gas Efficiency Programs Pay Off in Reduced Costs, Emissions

North American natural gas utilities have been spending nearly $4 million a day for programs to help residential, commercial and industrial customers make more efficient use of fuel.

Amid Challenges, Natural Gas Remains Growing Part of Energy Mix

According to S&P Global Market Intelligence, 120,498 MW of gas-fired capacity came online between 2008 and Aug. 1, 2019. Twenty percent of that was in 2018 and 2019 alone, and roughly 200 new gas plants have been proposed or are in development right now.

LNG Investments Vanish in 2020 as Coronavirus Slashes Oil and Gas Prices

For the first time in nearly two decades, some analysts believe that no new LNG export projects could be approved this year as the global coronavirus pandemic has destroyed oil and gas prices.

GMRC Report: Rotating to the Future – Relevance Today and a Revolutionary Tomorrow

While change in the natural gas industry is happening at an accelerated pace, GMRC is thriving by embracing flexibility, adaptability and facilitating learning in action.

Anatomy of Frustration: Atlantic Coast and Dakota Access Pipelines

In early July, the U.S. pipeline industry faced down a one-two punch as the $8 billion Atlantic Coast Pipeline was canceled and a federal judge ordered the Dakota Access pipeline shut down.

And Our Readers Say …

A recent survey of Pipeline & Gas Journal readers showed a clear majority of respondents believe the lingering effects of the coronavirus and recent developments concerning Dakota Access and Atlantic Coast pipelines have dealt a serious one-two punch to midstream businesses.

Oil Falls after Saudi Cuts Prices, China Slows Imports

Oil prices fell on Monday as Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and uncertainty over Chinese demand clouds the market's recovery.

Underwater: Australia's Oil Industry Faces New Indigenous Heritage Test

A discovery of ancient artifacts near a planned pipeline route off Australia's west coast has opened new challenges for energy companies to conserve indigenous heritage.

Merkel Doesn't Rule Out Sanctions on Nord Stream 2

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.

Hungary Signs Gas Deal with Shell, its First in the West

Hungary has signed a six-year deal to purchase 250 million cubic meters of LNG from Shell, its first gas deal with a western company.

Michels Corporation Selected by TC Energy to Build Facilities on Keystone XL

Michels has been selected by TC Energy to build several pump stations along the Keystone XL pipeline.