Business & Markets
Penspen Revalidating Feasibility for 2,485-Mile Trans-Saharan Pipeline Linking Nigeria to Europe
Once operational, the pipeline would carry up to 30 billion cubic meters of natural gas annually across West and North Africa, with the potential to connect to European markets.
TC Energy, Industry Leaders Call on Canada to Fast-Track Pipeline, LNG Projects
TC Energy and other Canadian energy leaders are urging federal political parties to fast-track pipeline and LNG development, calling for regulatory reform and investment incentives to boost Canada’s energy exports and economic sovereignty.
Delfin Inks 15-Year Deal to Send U.S. Gulf Coast LNG to Europe’s SEFE
Delfin Midstream has signed a long-term agreement to supply Germany-based SEFE Securing Energy for Europe with 1.5 million tonnes of liquefied natural gas (LNG) annually for at least 15 years.
Enbridge’s Line 5 Could Be Fast-Tracked as Tribes Withdraw from Army Corps Review
All six Michigan tribal nations have exited the Army Corps' review of Enbridge’s Line 5 tunnel project, citing a flawed process, as the agency prepares to finalize its list of energy projects that could be fast-tracked under a national emergency declaration.
Trafigura Scraps Plans for $471 Million Hydrogen Plant in South Australia
The Geneva-based firm had announced plans for the plant in 2021, to lower its carbon emissions, and a design study was commissioned, jointly funded by Trafigura and the South Australian state government.
GSPL Commissions Pipeline Linking Chhara LNG Terminal to Gas Grid in Gujarat, India
Developed by Gujarat State Petronet Limited (GSPL), the 36-inch diameter pipeline has a capacity of 18 million standard cubic meters per day and was built at an estimated cost of $78.3 million.
Ottawa, Canada Contractor Blamed for Multiple Gas Line Strikes During Pipeline Work
Thomas Cavanagh Construction Limited has pleaded guilty to five safety violations after damaging multiple gas lines during a series of pipeline upgrade projects in Ottawa.
Hydrogen Hub Opens in Calgary, Targets Energy Transport, Regional Buildout
Calgary has launched the Calgary Region Hydrogen Hub to accelerate hydrogen adoption, attract investment, and position the city as a global leader in the clean energy transition.
Sixth Street Adds California Gas Storage Facility with Caliche Acquisition
Sixth Street has expanded its underground gas storage portfolio with the acquisition of Central Valley Gas Storage in California, operated by Caliche Development Partners.
More European Refineries Face Closures or Conversion by 2035, Industry Panel Warns
European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.
Exxon Warns Colonial Pipeline Overhaul Could Harm Fuel Supply Chain
Top U.S. oil major ExxonMobil asked regulators to block changes proposed by the Colonial Pipeline to its fuel shipping terms, citing potential harm to shippers and consumers, a filing with the Federal Energy Regulatory Commission (FERC) showed.
How Ukraine’s Gas Storage, Pipeline Network Could Boost U.S. LNG Under Trump
The U.S. administration suggested this week the United States could help run and possibly own Ukraine's power plants and energy infrastructure as part of a ceasefire deal with Russia.
China’s LNG Slowdown Frees Up Supply for Europe’s Depleted Gas Storage
China’s imports of liquefied natural gas have sputtered this year, freeing up volumes that are helping Europe restock its rapidly dwindling supplies following a harsh winter.
Russia Seeks Approval for Congo Oil Pipeline Agreement with 25-Year Operation Term
The Russian government has submitted an agreement with the Republic of the Congo for ratification to the State Duma, outlining cooperation on the construction of a key oil products pipeline in the Central African nation.
Venezuela’s Opposition Proposes Energy Reform to Open Pipelines, Refineries to Foreign Investment
Venezuela’s opposition has proposed sweeping energy reforms that would shrink state oil firm PDVSA and open up oil fields, refineries, and pipeline infrastructure to international investors — a move aimed at attracting support from the U.S. and global energy companies.
Ecuador’s Petroecuador Restarts SOTE Crude Pipeline After Landslide
Ecuador's state oil company Petroecuador said on Wednesday that it had restarted crude transport via the SOTE pipeline after repairing damage caused by a landslide.
Brookfield to Sell Pipeline Stake to ArcLight as Part of $1.7 Billion Exit
Brookfield Infrastructure will sell its remaining 25% stake in NGPL, a major U.S. natural gas pipeline operator, to ArcLight Capital Partners, completing a $1.7 billion exit and expanding ArcLight’s ownership to 62.5%.
Explosive Attacks Halt Two Oil Pipelines in Colombia, Military Blames ELN
Two oil pipelines in rural northeastern Colombia were forced to suspend pumping after they were attacked with explosives, oil transport firm Cenit said on Thursday, while the military blamed the National Liberation Army (ELN) for the strikes.
Trump Administration Moves to Open More Alaska Land for Oil, Gas, LNG Projects
U.S. Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying out President Donald Trump's executive order to remove barriers to energy development in the state.
U.S. Slaps Iran-Related Sanctions on Oil Tankers, China 'Teapot' Refinery
The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.
Apollo Buys $1 Billion Stake in BP’s 1,118-Mile TANAP Pipeline Spanning Türkiye
Apollo and bp have entered into a new agreement under which Apollo-managed funds will acquire a 25% non-controlling stake in BP Pipelines (TANAP) Ltd, the bp subsidiary that holds a 12% interest in the Trans-Anatolian Natural Gas Pipeline (TANAP).
Golar LNG Secures $1.2 Billion FLNG Gimi Refinancing Deal with Chinese Lenders
Golar LNG Limited has signed finance lease agreements with a consortium of leading Chinese leasing companies to refinance the existing FLNG Gimi debt facility. The $1.2 billion sale-leaseback facility is expected to close in Q2 2025, pending documentation and third-party approvals.
Turkey, Slovakia Secure Waiver Extension for Russian Gas Payments, Sources Say
Turkey and Slovakia have received extensions from the United States to waivers for gas payments to Russia, sources told Reuters on Thursday, adding that the extensions would be valid until May.
Brookfield Emerges as Frontrunner to Acquire 5,500-Mile Colonial Pipeline in $10 Billion Deal – Bloomberg
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to the company's website.
Taiwan Eyes Investment in Alaska LNG, 800-Mile Pipeline for Energy Security
Taiwanese state energy firm CPC Corp. signed an agreement on March 20 with Alaska Gasline Development Corp. to purchase liquefied natural gas and invest in the project, a move Taiwan's President Lai Ching-te said would help ensure the island's energy security.
Shell to Develop Venezuela’s Dragon Gas Field, Build Pipeline to Trinidad by 2026
Shell is expected to begin an environmental baseline survey in April to look at the waves, sea currents, earth movement and marine life, as part of the engineering work to construct a pipeline from Dragon to its facilities in Trinidad.
U.S. Court Sends FERC’s NextDecade Rio Grande LNG Approval Back for Review
A U.S. court has ordered a review of FERC’s approval for NextDecade’s Rio Grande LNG project in Texas but left the order in place, allowing construction to continue. The ruling follows concerns over the project’s environmental impact and regulatory process.
Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
A North Dakota jury has ordered Greenpeace to pay $667 million to Energy Transfer for its role in Dakota Access Pipeline protests, citing defamation, trespassing, and conspiracy. The verdict includes over $400 million in punitive damages, marking a major legal blow to the environmental group.
Jadestone Energy Plans Vietnam Offshore Gas Development with 21-Mile Pipeline
Singapore-based oil and gas development company Jadestone Energy Plc has submitted a plan to state-controlled PetroVietnam to jointly develop two offshore gas fields in southwest Vietnam, it said on Tuesday.
Russian Oil from Sanctioned Tankers Discharged in China After Ship-to-Ship Transfers
The Panama-flagged Daban, one of dozens of non-sanctioned vessels drawn to the Russian oil trade by fat margins following the Jan. 10 U.S. sanctions, was received at a berth run by the privately-controlled Qingdao Haiye Group at the port of Qingdao, sources said.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
