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September 26, 2021

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Enbridge fined $3.32 mln for failings in Line 3 replacement project

Reuters
Protest signage on display at a camp established by indigenous leaders and water protectors at the Mississippi headwaters, one body of water the Line 3 pipeline will cross following a series of demonstrations in protest of the Line 3 pipeline, built by Enbridge Energy, in Solway, Minnesota, U.S., June 8,......

Colonial Pipeline partially resumes as Nicholas brings rains, wind

Reuters
HOUSTON, Sept 14 (Reuters) – The largest U.S. fuel line partially resumed operating after Nicholas made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks. Rains, flooding and power outages were affecting Texas and Louisiana, which were still trying to recover from......

Floods, outages stall oil firms’ efforts to restart after Ida

Reuters
A man walks past a damaged electric line in a street after Hurricane Ida made landfall in Louisiana, in New Orleans, Louisiana, U.S. August 30, 2021. REUTERS/Marco Bello HOUSTON, Aug 31 (Reuters) – Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess......

After Ida, US energy pipelines off line, damage being assessed

Reuters
A person walks in a flooded street after Hurricane Ida made landfall in Louisiana, in Kenner, Louisiana, U.S. August 30, 2021. REUTERS/Marco Bello Aug 30 (Reuters) – Oil and gas pipeline operators on Monday checked for damage after Hurricane Ida hit major energy hubs as a Category 4 storm on......

Analysis: Winter is coming: temperature extremes fuel global gas rally

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo Benchmark Dutch gas prices at record highs Asian LNG prices at 8-year seasonal high European gas storage at 50-60% capacity, down from 80% SINGAPORE, Aug......

US regulator issues notice to Dakota Access pipeline over safety concerns

Reuters
July 22 (Reuters) – The U.S. Department of Transportation’s pipeline regulator on Thursday put the operator of the Dakota Access Pipeline (DAPL), Energy Transfer LP (ET.N), on notice for probable violations of safety regulations and proposed a civil penalty against it. The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA)......

China’s CNOOC dives into uncharted deep waters in bold gas pivot

Reuters
Men wearing face masks walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo SINGAPORE/BEIJING, July 9 (Reuters) – When the first gas from CNOOC Ltd’s new ultra-deep field in the South China Sea started flowing in......

‘Eye of fire’ in Mexican waters snuffed out, says national oil company

Reuters
MEXICO CITY, July 2 (Reuters) – A fire on the ocean surface west of Mexico’s Yucatan peninsula early on Friday has been extinguished, state oil company Pemex said, blaming a gas leak from an underwater pipeline for sparking the blaze captured in videos that went viral. Bright orange flames jumping......

Global gas prices rally on hot summer, storage demand

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo June shipments to Japan rise by 18% from May -shiptracking data China LNG imports in June up 26% y-o-y -shiptracking data Buyers stockpile ahead of......

Gas line explosion kills 2 people in Collin County, Texas- local media

Reuters
June 29 (Reuters) – A gas line explosion in Collin County, near Farmersville in Texas, killed two people and injured three, local media reports said on Monday. Atmos Energy contractors were servicing a gas line in the area when the explosion happened, media reported. Reporting by Sumita Layek in Bengaluru;......

Eyeing Asian market, Ecuador begins crude exports in larger vessels

Reuters
ESMERALDAS, Ecuador, June 28 (Reuters) – Ecuador for the first time on Monday exported a cargo of one of its flagship crudes, Oriente, aboard a very large crude carrier (VLCC), following an upgrade to a terminal that the South American country hopes will help it boost exports to Asia. The......

Russia’s Transneft restarts oil pipelines suspended due to contamination

Reuters
MOSCOW, June 28 (Reuters) – Russia’s Transneft (TRNF_p.MM) on Monday announced it has restarted two domestic oil pipelines that it suspended last week due to contamination, but it is still halting oil intake from Samaraneftegaz, a unit of the state oil company Rosneft (ROSN.MM), while it investigates the incident. Some......

American Airlines to cut 1% of July flights as travel rebound strains operations

Reuters
June 20 (Reuters) – American Airlines (AAL.O) on Sunday said it would cancel around 1% of its flights in July to serve a surprise uptick in travel demand at a time when the airline struggles with unprecedented weather and a labor shortage at some of its hubs. American Airlines said......

U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers

Reuters
The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record. Deputy Attorney General Lisa Monaco said investigators had seized 63.7 bitcoins, now valued at about $2.3 million, paid by Colonial......

Colonial Pipeline says resolves temporary network disruption

Reuters
Holding tanks are seen in an aerial photograph at Colonial Pipeline’s Dorsey Junction Station in Woodbine, Maryland, U.S. May 10, 2021. REUTERS/Drone Base/File Photo Colonial Pipeline, the largest fuel pipeline in the United States, on Friday said it had resolved a temporary network disruption, just weeks after a ransomware attack......

Cabot Oil & Gas, Cimarex to create $17 bln firm in ‘surprise’ merger

Reuters
Cabot Oil & Gas Corp (COG.N) and Cimarex Energy Co (XEC.N) agreed a merger on Monday to form a U.S.-wide oil and gas firm with an enterprise value of some $17 billion, a deal analysts termed surprising in a sector recently focused on “pure-play” models. Cimarex shares tumbled 7.2% to......

Suse IPO expected to price IPO towards lower end of range – bookrunner

Reuters
Enterprise software company SUSE is guiding investors to expect its Frankfurt initial public offering to price at 30 euros ($36.49) a share, towards the lower end of its 29 to 34 euros per share marketing range, a bookrunner on the deal said. SUSE, whose open-source software helps run applications on......

U.S. gasoline shortage eases, but pumps dry in some areas

Reuters
Gasoline shortages that have plagued the U.S. East Coast over the last week slowly eased on Sunday as the country’s largest fuel pipeline network recovered from a crippling cyberattack. The six-day closure of Colonial Pipeline’s 5,500-mile (8,900-km) system was the most disruptive cyberattack on record, preventing millions of barrels of......

U.S. fuel crisis eases as pipeline returns to normal after hack

Reuters
Widespread gasoline shortages along the U.S. East Coast began to ease slightly on Saturday as the nation’s biggest fuel pipeline said it was back to delivering “millions of gallons per hour” following last week’s cyberattack, and ships and trucks were deployed to fill up dry storage tanks. The six-day Colonial......

U.S. capital running out of gas, even as Colonial Pipeline recovers

Reuters
Washington was running out of gasoline on Friday, even as the country’s largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread panic buying continued......

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