Perspectives

End of an Era? Series of Setbacks Bode ill for Big Pipeline Projects

A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

Record Debts Come Due for Canadian Energy Companies

The Canadian energy industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months. Maturing energy debts this year are more than 40% higher than 2019.

LNG Recovery in Asia Depends on China, India Policies

The International Energy Agency (IEA) forecasts a gradual recovery in global natural gas demand in 2021-22, but the extent of that rebound depends on how committed China and India remain to their transitions from coal.

Keeping Abreast of Alaska’s LNG Aspirations

As a longtime observer of the Alaska energy scene, Larry Persily has the rare perspective of someone who has viewed his subject matter as a journalist, educator and as public policy worker at the federal, state and municipal levels, including federal coordinator for the Alaska Natural Gas Transportation Projects, 2010-2015.

AGA Chair Brings Positive Outlook to Challenging Period for Industry

Diane Leopold became chair of the American Gas Association just in time for an unprecedented economic shutdown in response to the Coronavirus (COVID-19) pandemic. The circumstances present significant challenges to utilities, and all of their stakeholders have forced a shift in priorities. Few in the industry would be as well-prepared to help lead the organization through troubled times.

Reporting Higher Q1 Profits, Enterprise Products CEO Puts a Personal Spin on COVID Response

Enterprise Products Partners’ outspoken co-CEO Jim Teague used a conference call with investors Wednesday as an opportunity to comment on the U.S. economic shutdown, reflecting on his personal experiences during the 1950s polio epidemic and as a helicopter pilot in Vietnam in relation to the COVID-19 response.

Declining ‘Associated Gas’ Signals Opportunity for Dry Gas Basins

As crude oil producers throttle back production in associated-gas basins, it may signal growth opportunities for dry gas basins such as Haynesville and Marcellus/Utica.

iPIPE Boosting ‘Zero Tolerance’ for Pipe Leaks

North Dakota Gov. Doug Burgum confronted the pipeline industry nearly three years ago, suggesting that technological improvements were needed to overcome the trend toward increased pipeline leaks in his state.

Data-Driven Strategies for Prospering in a Changing Energy Landscape

The energy landscape is undergoing a fast transformation, and the hydrocarbon value chain’s very fabric is being tested as it will continue to be over the coming years.

Publishing in the Age of COVID-19

Pipeline & Gas Journal Editor-in-Chief Mike Reed discusses how our publication is handling the COVID-19 pandemic and how we are continuing to support our readers during this time.

Slivers of Hope Shine Through Dire Industry Period

As much of the industry focuses on worst-case scenarios, some analysts view recent crude oil forecasts as overly pessimistic and predict the pandemic may have only a short-term impact on global natural gas markets.

Oil Industry Crisis Starkly Revealed in U.S. Weekly Data

The EIA's latest Weekly Petroleum Status Report reveals an industry in crisis – unable to cope with the simultaneous collapse in fuel consumption and rise in crude production.

U.S. Will Become Net Importer of Petroleum Products by End of 2020 — EIA

The U.S. EIA predicts the country will become a net importer of oil and gas products by the third quarter of 2020.

Texas Might Curb Oil Output Under Broader OPEC+ Deal — Regulator

A Texas oil regulator said that America's largest producing state would consider cutting production if Saudia Arabia and Russia reached a curtailment deal.

U.S. Oil Output Set to Plunge as Storage Fills

Ultra-low oil prices and full storage tanks and pipelines will force an unprecedentedly fast decline in U.S. output this year as producers are forced to choke or shut old wells and cut back new drilling, writes market analyst John Kemp.

AGA Chair Diane Leopold Brings Positive Outlook to Challenging Period for Industry

Diane Leopold became chair of the American Gas Association just in time for an unprecedented economic shutdown in response to the coronavirus pandemic. The executive vice president and co-chief operating officer of Dominion Energy, talked to P&GJ about the challenges and opportunities facing the natural gas industry.

Coronavirus Crisis 'Game Changer' for Oil Sector: Goldman Sachs

Analysts from Goldman Sacha say the oil sector will emerge from the coronavirus pandemic leaner and stronger but the crisis still poses a risk for shortages down the line.

Cheniere Says Too Early to Gauge Impact of Coronavirus on LNG Market

Cheniere Energy Inc, the biggest U.S. liquefied natural gas company, said on Tuesday it does not expect “significant or prolonged curtailment of U.S. LNG production” as low global gas prices cause some customers to cancel cargoes.

China's January Gas Consumption Falls for First Time in 2 Years

China's natural gas consumption in January saw its first year-on-year contraction in at least two years, data compiled by Chongqing Petroleum and Gas Exchange, a government-backed energy trading platform, showed on Monday.

Germany Needs More Gas Power Plants: Utility, Lobby

Germany must support the construction of gas-powered generation to avoid an electricity supply crunch as it pulls out of nuclear and coal and electric vehicles increase demand, utility Uniper and gas lobby Zukunft Erdgas said on Tuesday.

Analysts Cut China's Gas Demand Estimates as Virus Outbreak Weighs

Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.

U.S. Shale Gas Investors Brace for Write-Downs Amid Price Plunge

U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings.

LNG, the 'Champagne' of Fuels, Should Enjoy Its Beer Moment

It's been an extremely weak start to the new decade for LNG with spot prices in Asia falling to more than 10-year lows, but it's not all doom and gloom for an industry that sees itself as part of the solution to climate change.

Midstream Energy REITs: A New Structure

A recent IRS private ruling allows a real estate investment trust or “REIT” to own and operate traditional midstream infrastructure assets, including storage assets and pipelines, and derive REIT qualifying income from traditional commercial arrangements with customers. If structured correctly, the REIT’s income from these assets and arrangements is treated as “rents from real property,” an important aspect of qualifying for REIT status under the Internal Revenue Code (IRS).

2020 North American Outlook: Industry Adopting ‘Wait And See’ Philosophy

If North America was one giant oil and natural gas basin with one spigot, the flow handle would probably be set at only half-open in 2020, a year when global events will determine if, and which direction, the handle moves.

China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute

China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.

U.S. Greenhouse Gas Emissions Dip on Power Switch to Gas

U.S. emissions linked to climate change fell last year on a record drop in coal-fired power generation, but further declines are unlikely without rapid policy changes, according to an estimate released on Tuesday.

Deadly U.S. Attack on Iranian General Rattles Energy Market

Crude prices on Friday had the largest one-day spike since a September attack on the world's largest oil processing facility in Saudi Arabia after the U.S. killed Iran's top general in a drone strike.

Germany Hails Russia-Ukraine Deal for Gas Transit to Europe

The German government has welcomed a deal between Russia and Ukraine to ensure the continued transit of Russian natural gas to Europe.

US Crude Output Hits Record in Oct - EIA

U.S. crude oil production in October hit a record 12.66 million barrels per day (bpd), up from a revised 12.48 million bpd in September, the U.S. government said in a monthly report on Tuesday.