Why Gas Desperate Europe Is Not Buying LNG
Monday September 20, 2021 - A record rally in natural gas prices in Europe doesn't mean it's become lucrative to send every available molecule to the region.
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Why Gas Desperate Europe Is Not Buying LNG
Monday, September 20, 2021A record rally in natural gas prices in Europe doesn't mean it's become lucrative to send every available molecule to the region.
Biden Looks Into Why Gasoline Prices Are So High
Friday, September 17, 2021In his latest attempt to counter inflationary pressure, U.S. President Joe Biden said his administration is looking into high gasoline prices.
Al Hariga Oil Port Sit-in Ends
Thursday, September 16, 2021Libya's National Oil Corporation (NOC) has announced the resumption of crude export operations at the Al Hariga oil port.
Shell Plans Dutch Biofuels Plant
Thursday, September 16, 2021Royal Dutch Shell Plc signed off on plans for a large biofuels plant in the Netherlands, stepping up investment in cleaner energy as it retreats from refining crude oil.
China Move to Curb Oil Prices Has Market Wary
Wednesday, September 15, 2021China's first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices.
Oil Glut That Covid Built All But Gone
Tuesday, September 14, 2021Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a robust recovery in fuel demand.
DOE Awards SPR Oil Sale Contracts
Tuesday, September 14, 2021The U.S. Department of Energy has revealed that contracts have been awarded from a recent congressionally mandated Strategic Petroleum Reserve crude oil sale.
TC Energy Clear to Keep Insurers Secret
Monday, September 13, 2021TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry.
Shell Readies Gulf Pipeline Restarts
Monday, September 13, 2021Royal Dutch Shell is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region's top driller one step closer to restoring some production shut by Hurricane Ida.
BP Studies Green Hydrogen Production at Kwinana
Friday, September 10, 2021BP Australia has announced that it is undertaking a feasibility study into the production of green hydrogen at its Kwinana site in Western Australia.
Russian Oil Shipments to USA Set to Surge
Thursday, September 09, 2021The prolonged shutdown of Gulf of Mexico oil production in the wake of Hurricane Ida is creating an opportunity for Russia to expand its share of the U.S. oil market.
Demonstrators Halt Tanker Loading at Libya Oil Port
Wednesday, September 08, 2021Demonstrators have interrupted loading of an oil tanker and taken over the control room at Libya's biggest crude terminal.
Enbridge to Buy Moda for $3B
Tuesday, September 07, 2021Enbridge Inc., the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for $3 billion to add U.S. Gulf Coast oil export capacity.
Indian Firms Are Said to Discuss Buying ALNG 2 Stake
Monday, September 06, 2021India's top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia's planned liquefied-gas project Arctic LNG 2.
Texas Refinery Curtails Ops Due to Oxygen Shortage
Friday, September 03, 2021A refinery in the key oil hub of Texas has suspended some of its operations due to a lack of oxygen supply amid the coronavirus pandemic.
Exxon Taps Strategic Oil Reserve
Friday, September 03, 2021Exxon Mobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state's refining and oil production offline.
Enbridge to Start Moving Crude in New Pipeline
Thursday, September 02, 2021Enbridge Inc. is getting ready to ship crude from the oil sands in the first new cross-border oil-sands conduit built between Canada and the U.S. in years.
Chevron, Bunge Seek JV to Make Renewable Fuel from Soy
Thursday, September 02, 2021Oil giant Chevron Corp. and oilseed-and-grain company Bunge Ltd. agreed to pursue a joint venture to build a 'farmer to fueling station' supply chain to meet demand for less-polluting renewable fuels.
Private China Refiners Grab Barrels
Wednesday, September 01, 2021Chinese independent oil refiners returned to the physical crude market in recent weeks, aiding a recovery in Asian demand after a government crackdown on the sector had spurred buyers to scale back activity.
Pemex Buying Texas Oil Refinery That Lost $360MM
Wednesday, September 01, 2021The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year.
Enbridge Pipeline Moves Step Closer
Tuesday, August 31, 2021Enbridge Inc.'s Line 3 oil pipeline received a boost after a Minnesota appeals court rejected a challenge to a water permit.
Ida Making LD Gasoline Most Expensive Since 2014
Tuesday, August 31, 2021Hurricane Ida's blow to the oil industry is probably making this Labor Day the most expensive for U.S. drivers since 2014.
Gas Price Pain Ahead if Refiners Face Restart Struggle
Monday, August 30, 2021Some U.S. motorists who'd been expecting an end-of-summer relief for gasoline prices should start bracing for higher costs at the pump in the coming days due to Hurricane Ida.
Tanker Owners Say Aging Fleet Points to Illicit Crude Flows
Friday, August 27, 2021The world's fleet of giant supertankers is the oldest it has been since 2002, the latest sign of an illicit trade that owners say is damaging business.
Record Plastic Prices May Go Stratospheric
Friday, August 27, 2021Record plastic prices are poised to push even higher.
Exxon Unit Joins List of Refiners Making Biofuels
Thursday, August 26, 2021Exxon Mobil Corp.'s Imperial Oil Ltd. will produce renewable diesel at a new facility in Canada, the latest in a string of refiners announcing plans to make lower-emissions biofuels.
Qatar Petroleum Awards Major EPC Deal for NFE Project
Wednesday, August 25, 2021Qatar Petroleum has announced the award of a 'major' engineering, procurement and construction contract for its North Field Expansion project to Tecnicas Reunidas S.A.
Venezuela Refinery Deal Values Bonds at 24c on the $
Wednesday, August 25, 2021A deal in which the Venezuelan government exchanged its stake in a refinery in the Dominican Republic to settle debt valued the defaulted bonds at around 24 cents on the dollar.
Nord Stream 2 Risks Delays
Wednesday, August 25, 2021Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization.
TotalEnergies Developing Renewable Motorsport Fuel
Tuesday, August 24, 2021TotalEnergies (NYSE: TTE) has announced that it is developing a 100 percent renewable fuel for motorsport competition.
USA Holds Largest Oil Reserves Sale in 7 Years
Tuesday, August 24, 2021The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus.
Chevron Expands Push into Dairy-to-Gas Fuel
Tuesday, August 24, 2021Chevron Corp. is accelerating its push to convert cow manure into renewable natural gas as part of its effort to reduce its carbon footprint.
Brookfield Wins Investor Support for IP Deal
Monday, August 23, 2021Brookfield Infrastructure Partners LP has won enough shareholder backing to push ahead with its $6.7 billion takeover of Inter Pipeline Ltd.
Taliban Regime Seeks Hike in Iran Fuel Imports
Monday, August 23, 2021Afghan local officials have asked Iranian traders to increase supplies of fuel as they grapple with a spike in gasoline prices triggered by the Taliban's seizure of power.
API Updates Pipeline Cybersecurity Standard
Friday, August 20, 2021The American Petroleum Institute has published an updated edition of its cybersecurity standard for pipelines.
Wyoming Refinery to Turn into Renewables Facility
Thursday, August 19, 2021Starwood Energy Group Global has entered into an exclusive agreement with Slate Refining to reconfigure Slate's refinery located in Douglas, Wyoming, into a renewable fuels production facility.
LNG Will Not Save Europe from Winter Gas Crunch
Thursday, August 19, 2021Europe's vast network of liquefied natural gas terminals can't save it from a winter supply crunch.
Gazprom Says NS2 Can Ship Gas in 2021
Thursday, August 19, 2021A controversial Russian pipeline can deliver the first batches of natural gas to Germany this year, according to Gazprom PJSC.
Petronas Delivers Maiden Carbon Neutral LNG Cargo
Wednesday, August 18, 2021Petronas has announced that it has completed the delivery of its maiden carbon neutral liquefied natural gas (LNG) cargo to Shikoku Electric.
China Gasoline Exports Fall to 14-Month Low
Wednesday, August 18, 2021China's overseas shipments of gasoline slumped to the lowest in 14 months after refiners exhausted most of their allocated export quotas.
Chinese Officials Take Control of Private Refiner
Tuesday, August 17, 2021The management of troubled private oil refiner Liaoning Bora Enterprise Group has been taken over by government officials from China's Panjin city.
Aramco in Advanced Talks on Up to $25B Reliance Deal
Monday, August 16, 2021Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd.'s oil refining and chemicals business, people with knowledge of the matter said.
China Oil Refining Tumbles to 14-Month Low
Monday, August 16, 2021China's oil refining slumped to the lowest level in 14-months as private processors scaled back operations amid a crackdown by authorities.
McDermott Designs Largest Ever Liquid Hydrogen Sphere
Friday, August 13, 2021McDermott International, Ltd has announced that its CB&I Storage Solutions business has completed the design of a 40,000 cubic meter liquid hydrogen sphere.
Cheap USA Oil Snapped Up in Asia
Friday, August 13, 2021Asian buyers are snapping up cheap U.S. crude cargoes despite lingering demand concerns due to the latest Covid-19 resurgence.
Oil Supertankers in Doldrums
Thursday, August 12, 2021The summer doldrums are here for oil supertankers.
Indigenous Group Seeks Trans Mountain Stake
Wednesday, August 11, 2021Natural Law Energy, the Canadian indigenous group that sought a stake in the now defunct Keystone XL pipeline, has shifted its focus to owning part of the Trans Mountain oil sands pipeline to the Pacific.
Onshore Pipeline Project Costs Set to Rise
Tuesday, August 10, 2021Costs associated with onshore pipeline projects are likely to increase by between four and six percent globally by the end of 2022, according to Rystad Energy.
BP Buys NatGas Supplies Derived from Cow Manure
Tuesday, August 10, 2021Oil major BP is stepping up its involvement in the production of natural gas from organic waste with an agreement to take supplies derived from cow manure in Iowa.
Refiner Boosts Battery Bet
Tuesday, August 10, 2021Phillips 66, one of the largest U.S. oil refiners, is expanding its involvement in the fast-growing world of battery technology.