Business News
DNV GL Leads Hydrogen Readiness Study for Italian Gas Network
Oil and gas research firm DNV GL has been hired by Italian utility company SGI to assess the feasibility of switching the company's gas distribution network to hydrogen.
North American Energy Bankruptcies Pile Up in Third Quarter — Haynes and Boone
Law firm Haynes and Boone said a perfect storm of weak fuel demand due to the COVID-19 pandemic, a collapse in crude prices, and shrinking amounts of available credit all caused North American energy bankruptcies to pile up in Q3.
Saudi Aramco, Investors Discussing $10 Billion Pipeline Deal — Sources
Sources have reported that Saudi Aramco is in talks with asset firm BlackRock as well as other investors about selling a $10 billion stake in its pipeline assets.
BP Says Trans Adriatic Pipeline to be Ready by End of 2020
BP said it expects to begin shipping natural gas on the Trans Adriatic Pipeline by the end of 2020.
IEA Raises 2020 Gas Demand Forecast, Still Expects Record Fall
The International Energy Agency raised its forecast for global LNG demand this year but still expects to see the biggest fall on record due to the impact of the coronavirus pandemic.
$56M Settlement Approved in Massachusetts Gas Explosions
A $56 million settlement has been approved in the case regarding a series of natural gas explosions and fires in Massachusetts in 2018.
U.S. Oil-Export Projects Stall as Output Slips, Opposition Builds
Several major deepwater oil export projects have stalled as the coronavirus pandemic has caused global energy demand to collapse and environmental opposition has increased.
OPEC Predicts Oil Demand to Plateau in Late 2030s
In a major shift in outlook, the OPEC group on Thursday predicted that global demand for oil will plateau in the late 2030s and could have even begun to decline by then.
Polish Regulator Fines Gazprom $7.6 Billion Over Nord Stream 2 Pipeline
Polish energy regulators have fined Gazprom $7.6 billion for building the Nord Stream 2 natural gas pipeline without approval from Warsaw, the country's watchdog said on Wednesday.
Spain Approves Hydrogen Strategy to Spur Low-Carbon Economy
Spain has approved a plan to increase the country's clean hydrogen production which includes building enough infrastructure to give the nation a major role in Europe's clean energy ambitions.
New Gas Pipeline Could Heat up Azeri-Russian Rivalry
Strained Azeri-Russian ties are facing further pressure from the launch of a major gas pipeline this year that could squeeze Moscow's gas sales to Europe.
Ukraine Could Export Gas to Europe This Winter
Ukraine has collected a record volume of natural gas in storage this year and says it is open to exporting some of its stores to the European market if conditions are right.
Denmark Approves Nord Stream 2 Pipeline
Danish energy regulators have approved construction and operation of Russia's Nord Stream 2 pipeline, removing one of the largest remaining obstacles to the project.
Illinois Regulators Approve Report on Condition of Chicago Gas Distribution Network
Regulators in Illinois have agreed with the conclusion of a report that found a natural gas distribution network replacement program in Chicago from Peoples Gas will increase public and customer safety.
Trump Issues Permit for Alaska to Alberta Oil Railway
President Trump has issued a presidential permit for a proposed railway project that would transport crude oil from Canadian oil sands in Alberta to export facilities in Alaska.
U.S. Pipeline Companies Hit by Weak Demand Offer Enticements to Keep Shippers
U.S. pipeline companies hit hard by the drop in global demand for oil due to the coronavirus pandemic are offering new shipping terms to producers to keep using their pipelines.
Devon Energy to Buy Shale Peer WPX for $2.56 Billion in Delaware Push
U.S. oil and gas producer Devon Energy Corp said on Monday it will buy Permian basin peer WPX Energy Inc for $2.56 billion as it looks to scale up its presence in the Delaware portion of the prolific shale field.
Pipeline Rupture at India Gas Plant Sparks Fire, Halts Supply
A fire at an Oil and Natural Gas Corp plant caused by a pipeline rupture has cut gas supplies to customers including power and fertilizer companies, said a person familiar with the matter at gas marketing firm GAIL (India) Ltd.
Austrian Utility OMV Sells Gas Pipeline Unit to Rival Verbund
Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and finance its acquisition of a leading plastics maker.
Top Shipping Insurance Group Will Not Cover Ships Linked to Nord Stream 2
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.
Venezuela's PDVSA to Sell Crude to Iran — Source
According to sources, Venezuela state-owned oil firm PDVSA is preparing to sell a cargo of crude oil to Iran, under threat of U.S. sanctions.
East Mediterranean States Formally Establish Egypt-Based Gas Forum
Six Mediterranean countries signed a charter on Tuesday to formally establish a group that seeks to boost natural gas exports from the region.
TC Energy CEO to Retire End of the Year
TC Energy announced on Monday that the company's CEO of 10 years, Russ Girling will step down at the end of the year.
Norway to Spend $1.8 Billion on World's First Full-Scale CCS Chain
Norway has agreed to finance nearly $2 billion for what could be the world's first full-scale carbon capture and storage project.
Dakota Access Flows Safe Through 2020 — Court Schedule
The Dakota Access pipeline will be able to continue flows until late December 2020 at the earliest, according to a federal court schedule released last week.
Global LNG Demand to Rise for Next Few Decades, COVID Temporary Blip — Industry
Industry executives believe the global demand for LNG will continue to rise in the next several decades due to growing economies in Asia, with the coronavirus pandemic being a temporary setback.
Pandemic to Trim China's 2020 Gas Demand Growth — Report
Natural gas consumption in China is expected to grow at the slowest rate in five years according to a new report released by Beijing.
Lower Canada-U.S. Crude Flows Draws Down on Cushing Glut
Weakened crude oil flows from Canada to Cushing, Oklahoma have helped drawdown on a surplus of fuel at a major industry storage hub over the past two weeks, according to industry traders.
Sempra Says 6 Weeks Until Cameron LNG Plant in Full Service
Sempra Energy said it expects its Cameron LNG plant in Louisiana to be back in full service in six weeks after Hurricane Laura caused major power outages in the area.
PowerChina Eyes Rail Project to Transport Oil and Gas From Argentina's Vaca Muerta
Chinese energy firm PowerChina is in talks to finance a rail project to transport oil and gas from Argentina's Vaca Muerta shale play to the port city of Bahia Blanca,
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Pipeline Hydro Test Pressure Determination
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Japan Looks at Developing Domestic Pipelines Sector
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
