40.26 F
New York City
January 26, 2020
Home » Natural Gas

Natural Gas

Reuters - Business

U.S. OKs Kinder Morgan request to start Texas Lockridge natgas pipe work

Reuters
FILE PHOTO: A workman walks past steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada’s Trans Mountain Expansion Project at a stockpile site in Kamloops, British Columbia, Canada May 29, 2018. REUTERS/Dennis Owen (Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

U.S. energy exports to climb as China pledges ramp-up in purchases

Reuters
NEW YORK/SINGAPORE (Reuters) – U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday. FILE PHOTO: A liquified natural gas (LNG) tanker leaves the......
Reuters - Business

Phase 1 commodity targets likely more than China can chew: analysts

Reuters
BEIJING/SINGAPORE (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal. FILE PHOTO: Soybeans fall into a bin as a trailer is filled at a farm......
Reuters - Business

China’s 2019 annual crude imports set record for 17th year

Reuters
SINGAPORE (Reuters) – China’s crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world’s biggest importer, data showed on Tuesday. FILE PHOTO: A VLCC oil tanker is......
Reuters - Business

U.S. coal-fired power plants closing fast despite Trump’s pledge of support for industry

Reuters
(Reuters) – U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters. Power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough......
Reuters - Business

Tanker owners face insurance headache as Mideast war risk haunts shipping trade

Reuters
SINGAPORE (Reuters) – Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week – higher insurance bills. FILE......
Reuters - Business

Divergent paths: Oil, natural gas going different directions

Reuters
(Reuters) – The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price ratio has surged to its highest in six years. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Photo The oil-to-gas......
Reuters - Business

Exclusive: Weakened by sanctions, Venezuela’s PDVSA cedes oilfield operations to foreign firms

Reuters
(Reuters) – Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions and a lack of cash and staff, according to a former oil minister, an opposition lawmaker and industry sources. Former Venezuela’s Oil and......
Reuters - Business

U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy

Reuters
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford (Reuters) – The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus......
Reuters - Business

U.S. sanctions block hurry-up work on Russian gas pipeline: officials

Reuters
WASHINGTON (Reuters) – Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, senior U.S. officials said on Sunday. FILE PHOTO: Allseas’ deep sea pipe laying ship Solitaire lays pipes for Nord Stream 2 pipeline......
Reuters - Business

Oilfield service firms have a bearish outlook for 2020: Dallas Fed

Reuters
FILE PHOTO: An oil pump at sunrise, owned by Parsley Energy Inc. near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder (Reuters) – With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday......
Reuters - Business

Germany ‘firmly rejects’ U.S. sanctions on Nord Stream 2 firms

Reuters
FILE PHOTO: German Finance Minister Olaf Scholz holds a news conference on tax revenues in Berlin, Germany, October 30, 2019. REUTERS/Fabrizio Bensch/File Photo BERLIN (Reuters) – Germany’s finance minister and vice chancellor, Olaf Scholz, said Berlin “firmly rejects” U.S. legislation imposing sanctions on firms laying the Nord Stream 2 gas......
Reuters - Business

Russia to go ahead with gas pipe project despite U.S. sanctions

Reuters
FILE PHOTO: Allseas’ deep sea pipe laying ship Solitaire lays pipes for Nord Stream 2 pipeline in the Baltic Sea September 13, 2019. REUTERS/Stine Jacobsen/File Photo MOSCOW (Reuters) – Russia’s Foreign Ministry said on Saturday that Moscow will press ahead with a major Russia-to-Germany natural gas pipeline, disregarding U.S. sanctions.......
Reuters - Business

Russia must press on with Nord Stream 2 gas line to Europe: Russian senator

Reuters
MOSCOW (Reuters) – Russia must keep to schedule on implementing the Nord Stream 2 gas pipeline link to Europe, a senior Russian senator told state news agency RIA on Saturday, after pipe-laying was suspended due to U.S. sanctions. Konstantin Kosachev, chairman of the foreign affairs committee in Russia’s upper house,......
Reuters - Business

Nord Stream 2 to press on with Europe gas pipe, despite U.S. sanctions

Reuters
FILE PHOTO: Allseas’ deep sea pipe laying ship Solitaire lays pipes for Nord Stream 2 pipeline in the Baltic Sea September 13, 2019. Picture taken September 13, 2019. REUTERS/Stine Jacobsen/File Photo MOSCOW (Reuters) – The group behind Nord Stream 2 said on Saturday it aimed to complete a pipeline to......
Reuters - Business

Russia gas export pipeline in jeopardy as Trump signs sanctions bill

Reuters
WASHINGTON (Reuters) – Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday. FILE PHOTO: Allseas’ deep sea pipe laying ship Solitaire lays pipes for Nord Stream 2......
Reuters - Business

Factbox: How China tariffs on U.S. commodities, energy stand after ‘phase one’ trade deal

Reuters
BEIJING/SINGAPORE (Reuters) – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. FILE PHOTO: Crude oil storage tanks are seen from above at the......
Reuters - Business

Exxon Mobil scores win in New York climate change lawsuit

Reuters
NEW YORK (Reuters) – Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation. FILE PHOTO: A logo of Exxon Mobil......
Reuters - Business

China November crude oil imports hit record high as refiners race to use up quotas

Reuters
BEIJING (Reuters) – China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas. FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More