Industry News

Equitrans Midstream Supports Methane Reduction Efforts

Equitrans Midstream supports the U.S. oil and gas industry's ongoing efforts to reduce methane emissions and reaffirms its prior opposition to the U.S. Environmental Protection Agency's (EPA) rollback of methane regulations in 2020.

Canadian Lawmakers Call for Action in Michigan Pipeline Dispute

Canadian lawmakers urged the leaders of the United States and Canada to take further steps to resolve a dispute between Enbridge Inc and the state of Michigan over the cross-border Line 5 oil pipeline.

Equitrans Midstream Supports Methane Reduction Efforts, Opposes 2020 Methane Rollback Rules

Equitrans Midstream supports the U.S. oil and gas industry's ongoing efforts to reduce methane emissions and reaffirms its prior opposition to the U.S. Environmental Protection Agency's (EPA) rollback of methane regulations in 2020.

Asian LNG Spot Prices Rise as China Replenishes Inventories

Asian spot prices for LNG rose this week as China, Japan and South Korea sought supply in an early move to stock up for winter, industry sources said.

Canadian Lawmakers Call for Action in Pipeline Dispute

Canadian lawmakers urged the leaders of the United States and Canada to take further steps to resolve a dispute between Enbridge Inc and the state of Michigan over the cross-border Line 5 oil pipeline.

China's 2021 Fuel Exports to Surge 32% as Refining Capacity Swells

Gas imports are forecasted to rise 12.5% to 158.5 bcm this year, with pipeline gas at 55 bcm and LNG at 103.5 bcm.

RWE Plans to Bring Australian 'Green' Hydrogen to Europe

Germany's RWE plans to bring hydrogen produced in Australia to Europe, as big energy firms look to create new global routes for the cleaner alternative to fossil fuels.

Pipeline Company Recognizes April as National Safe Digging Month

Georgia’s Colonial Pipeline is reminding homeowners and contractors that safe digging must remain a priority to protect people and prevent damage to critical utility services.

Newer-Technology Natural Gas-Fired Generators Utilized More Than Older Units in PJM

The rapid development of shale gas resources in Pennsylvania, Ohio, and West Virginia has contributed to sustained low natural gas prices and encouraged the construction of natural gas-fired power plants.

Aramco Pipeline Investors to Refinance Loan with Bonds Next Year

EIG will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said.

Pieridae Still Plans Investment Decision on Nova Scotia LNG Export Plant by Late June

Canadian energy company Pieridae Energy Ltd said on Thursday it continues to work toward making a final investment decision (FID) by June 30 to build its proposed Goldboro LNG export plant in Nova Scotia.

Germany’s Uniper May Turn Coal Plant Site into Hydrogen Hub

German utility Uniper is studying the conversion of its coal-fired power plant site at Wilhelmshaven on Germany's North Sea coast into an import and electrolysis hub to tap into emerging demand for "green" hydrogen.

Canadian Crude Imports Fall 20% in 2020 Due to Pandemic

Imports of crude oil into Canada dropped 20% year-on-year in 2020 due to weak demand as a result of the COVID-19 pandemic, the Canada Energy Regulator said in an analysis.

Failed Fitting Led to 1,200 Barrel Oil Leak from Trans Mountain Pipeline

The Transportation Safety Board of Canada completed its investigation into a June 2020 release of crude oil at the Trans Mountain Sumas pump station in British Columbia, determining a 1-inch pipeline fitting was the source of the leak.

Feasibility Analysis for Gazprom’s Soyuz Vostok Gas Pipeline Project Approved

The feasibility analysis regarding the construction project for the Soyuz Vostok gas trunkline was approved Monday, Gazprom announced.

Nikola, IVECO and OGE Plan Hydrogen Distribution by Pipeline

Nikola Corporation, IVECO and OGE announced they will collaborate to establish a business structure for transporting hydrogen via pipeline network from production sources to hydrogen fueling stations in support of fuel-cell electric vehicles (FCEVs).

EIA: US crude inventories down 5.9 million bbl

US crude oil inventories for the week ended Apr. 9, excluding the Strategic Petroleum Reserve, decreased by 5.9 million bbl from the previous week, according to data from the US Energy Information Administration.

Jacobs Awarded Owner's Engineer Role for LNG Terminal in Philippines

The project includes modifications to the jetty head, berthing and mooring facilities; a trestle bridge with high-pressure gas pipeline and utilities; and a jetty monitoring building and control room.

New Analysis Tool Can Help Solve Gas and Steam Transient Problems in Pipelines

Applied Flow Technology (AFT) says its new AFT xStream analysis software tool can help engineers rigorously evaluate and solve gas and steam transient engineering problems they have only been able to guess at in the past.

Texas Oil Pipelines Face Dry Months as Production Languishes

By the fourth quarter, total utilization of the largest oil pipelines from the Permian is expected to drop to 57%, consultancy Wood Mackenzie said. The nadir during the last market bust in 2016 was roughly 70%.

Qatargas exercises North Field contract options

Qatargas Operating Co. Ltd. has let a contract to Saipem for additional scope of work within the North Field Production sustainability offshore project, about 80 km northeast of Qatar’s mainland.

PDO lets maintenance, integrity contract for South Oman assets

Petroleum Development Oman LLC (PDO) has let a maintenance and integrity contract to WorleyParsons Ltd. to support oil and gas production assets in the South Oman concession region.

Equinor granted life extension for Heimdal offshore Norway

Equinor has been granted consent by the Petroleum Safety Authority Norway for life extensions for the Heimdal infrastructure, associated pipelines, and wells, until Jan. 1, 2024.

TC Energy Seeking Renewable Energy to Power Pipelines

TC Energy Corporation is seeking to identify potential contract and/or investment opportunities in wind energy projects that could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a portion of its pipeline assets along its U.S. corridor.

SSE Thermal and Equinor Planning UK Hydrogen and Carbon Capture Projects

The projects would utilize the parallel hydrogen and CO2 pipeline infrastructure being developed by the Zero Carbon Humber (ZCH) partnership – which includes Equinor and SSE Thermal – and offshore CO2 infrastructure.

LM Energy Launches Open Season to Extend Oil Gathering System in Northern Delaware Basin

The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.

U.S. Shale Oil Output to Rise 13,000 bpd in May, EIA Says

U.S. oil output from seven major shale formations is expected to rise for a third straight month, climbing by about 13,000 bpd in May to 7.61 MMbpd, the U.S. Energy Information Administration said.

Eni assumes full interest, operatorship of block offshore Vietnam

Eni SPA affiliate Eni Vietnam BV is sole owner and operator of Block 115/09 in the Song Hong basin offshore central Vietnam following completion of a deal with KrisEnergy Ltd.

ADNOC lets contract for Abu Dhabi wellhead installations

ADNOC, through a contractor, has let a 4-year contract to Penspen for procurement and construction of flowlines and wellhead installations for 51 wells in subsidiary ADNOC Onshore’s oilfields at Shah, Qusahwira, and Mender in Abu Dhabi, UAE.

Aramco Agrees to $12.4 billion Deal to Sell Stake in Pipelines

Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.

Uganda, Tanzania, Oil Firms Sign Accords to Build $3.5 billion Pipeline

Total's CEO said the pipeline is one of the largest projects they should develop on this continent, adding they expected oil production to commence in early 2025.

U.S. Army Corps to Lay Out Plans for Dakota Access Pipeline Review at Hearing

The U.S. Army Corps of Engineers is expected to lay out its recommendations on the Dakota Access oil pipeline at a federal court hearing today that could involve shutting down the line for several months during an environmental review.

Petrobras Natural Gas Hikes Enduring Even as Shares Dip

Petroleo Brasileiro SA is unlikely to be able to back away from a 39% hike in natural gas prices slammed by Brazil's President Jair Bolsonaro, sources close to the company said, pointing to the durability of existing contracts with distributors.

U.S. Army Corps Allows Dakota Pipeline to Stay Open During Review

The U.S. Army Corps of Engineers today said it will allow Energy Transfer's Dakota Access oil pipeline to keep running, after an environmental permit was scrapped last year.

VVC Exploration Expanding Helium Portfolio, Acquires Gas Property in Kansas

The Monarch Lease is a 1,720-acre property in the Byerly Field in Greely County, Kansas. It includes six formerly producing gas wells connected to the Tumbleweed Midstream pipeline.

EPA Chief: Biden Admin's Methane Emission Curbs to Exceed Obama's

The Biden administration’s curbs on methane will be more ambitious than those imposed by former President Barack Obama and will go a long way to helping the United States achieve its overall targets to cut greenhouse gas emissions over the next decade.

EIA: US crude inventories down 3.5 million bbl

US crude oil inventories for the week ended Apr. 2, excluding the Strategic Petroleum Reserve, decreased by 3.5 million bbl from the previous week, according to data from the US Energy Information Administration.

Malaysia, Brunei formalize agreement for maritime boundary fields

Malaysia, through its national oil company Petronas, formalized a unitization agreement with the government of Brunei Darussalam for Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.

Energy Transfer, Centurion Pipeline to provide joint tariff crude oil service

Energy Transfer LP and Centurion Pipeline LP will post a joint tariff for crude oil transportation service from ET’s terminals in Platteville, Co., and Cushing, Okla. to ET’s Nederland, Tex. terminal.

Earthstone acquires additional Midland basin assets

Earthstone Energy agreed to acquire operated Midland basin assets from Tracker Resource Development III LLC and an affiliate, and from affiliates of Sequel Energy Group LLC, which hold wellbore interests in certain producing wells operated by Tracker.

EIA: US crude inventories down 900,000 bbl

US crude oil inventories for the week ended Mar. 26, excluding the Strategic Petroleum Reserve, decreased by 900,000 bbl from the previous week, according to data from the US Energy Information Administration.

PGNiG, Naftogaz sign MoU for potential gas production in Ukraine

PGNiG and the Naftogaz Group, Ukraine’s national oil and gas company, signed a memorandum of understanding regarding cooperation in exploration of hydrocarbon resources and gas production in Ukraine.

Ovintiv to sell Eagle Ford assets for $880 million

Ovintiv Inc., Denver, agreed to sell its Eagle Ford assets to Validus Energy for $880 million, exceeding its $1 billion by 2022 divesture target with over $1.1 billion in asset sales year-to-date.

EIA: US crude inventories up 1.9 million bbl

US crude oil inventories for the week ended Mar. 19, excluding the Strategic Petroleum Reserve, increased by 1.9 million bbl from the previous week, according to data from the US Energy Information Administration.

Petrobras starts binding phase of Albacora, Albacora Leste sale

Petróleo Brasileiro SA (Petrobras) has started the binding phase of the sale of all of its stakes in the Albacora and Albacora Leste concessions which lie predominantly in deep waters of the Campos basin, offshore Brazil.

Novatek wins North-Gydanskiy license

A subsidiary of Novatek, has won an auction for geological survey, exploration, and production license for the North-Gydanskiy subsoil area in Russia's Yamal-Nenets Autonomous Region.

Blue Energy signs gas supply deal with Origin Energy

Blue Energy Ltd., Brisbane, has executed a non-binding heads of agreement with Origin Energy Ltd., Sydney, to supply up to 300 petajoules of gas over 10 years from Blue’s Bowen basin coal seam gas resources in Queensland.

21 states sue Biden to overturn Keystone XL pipeline decision

Twenty-one states sued President Biden and his administration March 17 to overturn his decision revoking the cross-border permit of the Keystone XL crude oil pipeline project.

Equinor awards North Sea decommissioning contracts

Equinor Energy AS has let a contract to Heerema Marine Contractors Nederland SE for removal, dismantling, and recycling of topsides and jackets of the Heimdal riser platform, Heimdal main platform, and Veslefrikk A platform in the North Sea.

EIA: US crude inventories up 2.4 million bbl

US crude oil inventories for the week ended Mar. 12, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl from the previous week, according to data from the US Energy Information Administration.

Rystad: Ramp up in Guyana exploration activity expected

Despite a recent exploration disappointment in ExxonMobil-operated Canje block, exploration activity in Guyana is expected to rebound with an annual record of 16 wells, including on Stabroek block, also operated by ExxonMobil, Rystad Energy said.

BP withdraws from Caspian development negotiations

BP has withdrawn from negotiations on development of certain projects in the Kazakh sector of the Caspian Sea.

Petronas, ADNOC to explore upstream, downstream collaboration

Petronas signed a strategic framework agreement with ADNOC to explore opportunities for collaboration across the upstream and downstream sectors as well as in trading and technology.

EIA: US crude inventories up 13.8 million bbl

US crude oil inventories for the week ended Mar. 5, excluding the Strategic Petroleum Reserve, increased by 13.8 million bbl from the previous week, according to data from the US Energy Information Administration.

PetroNeft acquires additional interest in West Siberia license

PetroNeft Resources PLC has completed the acquisition of an additional 40% interest in operated License 67 in the Tomsk Oblast of West Siberia from Belgrave Naftogas (formerly Arawak Russia BV). The company now holds a 90% interest in the license.

SDX secures extension for West Gharib production services agreement

SDX Energy PLC has received final approval from the Egyptian authorities to the production services agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until Nov. 9, 2031.

WoodMac: IOCs emerge from ‘toughest year’ primed for record free cash flow

Calumet considers renewable diesel project for Montana refinery

Chevron to acquire Noble Midstream Partners

Chevron Corp. and Noble Midstream Partners LP have entered into a definitive agreement for Chevron to acquire any shares of Noble Midstream not already owned by Chevron and its affiliates.

EIA: US crude inventories up 21.6 million bbl

US crude oil inventories for the week ended Feb. 26, excluding the Strategic Petroleum Reserve, increased by 21.6 million bbl from the previous week, according to data from the US Energy Information Administration.