News
U.S. Shale Companies to Boost Oil Output by 500,000 Bpd by July
According to industry analysts, U.S. shale producers are expected to restore roughly 500,000 bpd of crude oil production by the end of the month.
Russia's Gazprom Seeks to Retroactively Raise Price of Gas Sold to Poland
Russia's Gazprom is looking to retroactively raise the price of natural gas sold to Polish gas company PGNiG since 2017.
Dominion Seeks More Time to Complete Atlantic Coast Pipeline
Dominion Energy has requested more time from U.S. energy regulators to complete its long-delayed Atlantic Coast pipeline, even after receiving a favorable ruling from the U.S. Supreme Court on Monday.
Texas Could Tighten Some Natural Gas Flaring Rules by Fall
The head of Texas' energy regulatory body said they could look at tightening the states flaring regulations as early as this fall.
Trump Administration Takes Keystone XL Dispute to Supreme Court
The Trump Administration has asked the U.S. Supreme Court to revive a permit program that was suspended by a lower court earlier this year in a case against the Keystone XL pipeline.
Croatia's Floating LNG Terminal to Start Operations in January Fully Booked
Croatia's energy minister said the country's floating LNG terminal will begin operations on Jan. 1 2021 and is fully booked through Q3 2023.
Venture Global Gets U.S. OK to Start Site Prep Work at Plaquemines LNG Plant
Venture Global LNG has received approval from U.S. regulators to begin site prep work at its Plaquemines LNG export facility in Louisiana.
Exxon Cuts Guyana Crude Output to Avoid Flaring — Regulator
Due to problems with gas reinjection equipment at its Guyana oil field, Exxon Mobil has cut back production at the site in order to avoid breaching an agreement with authorities over gas flaring.
Nord Stream 2 Seeks Updated Permit to Complete Pipeline in Danish Waters
The Nord Stream 2 pipeline has applied for a new permit from Danish authorities in order to complete the remaining 75 miles of subsea pipeline in Danish waters.
Austria's Verbund Bids for OMV's Stake in Gas Pipeline Operator
Austrian utility Verbund has made a binding offer for OMV’s 51% stake in gas pipeline operator Gas Connect Austria, it said on Monday.
Iraq Agrees on Deeper Output Cuts in June — Sources
Iraqi officials said the country has agreed with the operators of its major oil fields to comply with production cuts agreed upon by OPEC+ earlier this month.
Canada's Trans Mountain Pipeline Restarts After Oil Spill
Canada's Trans Mountain Pipeline has been restarted after shutting on Saturday following an oil spill at a pump station in British Columbia.
U.S. Supreme Court Sides with Atlantic Coast Pipeline in Appalachian Trail Dispute
The U.S. Supreme Court ruled on Monday in favor of the Atlantic Coast Pipeline, stating the federal government has the authority to allow the $7.5 billion natural gas pipeline to cross under the Appalachian Trail.
Glenfarne Group Announces Acquisition of Magnolia LNG
Glenfarme LLC announced it has purchased Magnolia LNG, an export terminal development project in Louisiana.
Total Reviewing Pipeline to Grandpuits Oil Refinery After Leaks
A spokesman for French energy group Total said on Friday the company is exploring the costs of replacing a 161-mile oil pipeline that feeds its Grandpuits refinery near Paris.
EQM Delays Mountain Valley Gas Pipeline to 2021
EQM Midstream has delayed the expected completion date of its Mountain Valley natural gas pipeline to sometime in early 2021 which could drive the cost of the project close to $6 billion.
PHMSA Proposal on Valves Proves Controversial
Flack is hitting the Pipeline and Hazardous Materials Safety Administration (PHMSA) from all sides over its proposed rule to require automatic and remote shut-off valves on oil and gas pipelines.
Michigan Court Rules Enbridge Tunnel Deal Constitutional
An appeals court in Michigan has ruled that a deal struck between Canadian pipeline company Enbridge and the state's former Republican governor to build a tunnel to house the company's oil pipeline under a portion of the Great Lakes was constitutional.
Siemens, Total Partner to Develop Concepts for Low-Emissions LNG Production
Siemens and Total are partnering to develop new ideas for low-emission LNG production.
Shell Launches Sale of Stakes in Norwegian Fields, Pipelines — Document
According to a sales document seen by Reuters, Royal Dutch Shell is selling its stakes in two Norwegian oil fields and associated pipelines.
Ecuador's OCP Pipeline Suspends Operations Due to Soil Erosion
The heavy crude OCP oil pipeline in Ecuador has suspended operations for four days due to concerns of possible damage caused by soil erosion in the area.
U.S. FERC Landowner Protection Rule Likely to Delay Gas Projects
U.S. energy regulators have adopted new rules that prevent natural gas pipeline and development projects from performing construction work on any land where the Federal Energy Regulatory Commission must conduct rehearings permit decisions.
Nigeria Oil Bill Delayed by COVID-19 Says NNPC Boss
The head of Nigeria's state-owned oil company says the country's long-awaited oil bill has been delayed by COVID-19 but will still pass before the end of the year.
Global News
Texas, Oklahoma Regulators Reject Production Curbs Regulatory agencies in Texas and Oklahoma both opted not to impose limits on crude oil production within their states despite a historic drop in prices and shrinking storage availability. The Oklahoma Cor..
COVID-19 Mitigation Results in Lowest US Petroleum Consumption in Decades
U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and the general economic slowdown induced by mitigation efforts for coronavirus (COVID-19).
U.S. Federal Appeals Court Rules Enbridge Line 5 Spill Plan Adequate
A federal appeals court ruled on Friday that an oil-spill response plan for Enbridge's Line 5 oil pipeline was adequate, reversing a previous decision from a lower court.
Enterprise Working to Address U.S. Regulatory Delays on Offshore Crude Terminal
Enterprise Products Partners is working to address additional requests from U.S. officials concerning its major offshore crude terminal project being developed off the country's Gulf Coast.
U.S. Oil for Belarus Reaches Europe as Country Seeks to Reduce Reliance on Russia
The first shipment of U.S. oil bound for Belarus reached Europe late on Friday as the Eastern European country looks to reduce its reliance on neighboring Russia.
Libya's Sharara Oilfield Declares Force Majeure After New Shutdown
Days after Libya's Sharara oilfield had resumed production, armed militants forced production to halt again causing the country's National Oil Corporation (NOC) to declare force majeure.
Oil Climbs After OPEC+ Extends Output Cuts to End-July
Oil prices rose to their highest levels in months early Monday as OPEC+ announced a deal to extend production cuts, but lost steam as some producers said they won't maintain additional reductions.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
