• Top Shipping Insurers Won’t Cover Russian Pipeline Vessels

    The world’s largest group of shipping insurers will not cover vessels involved in the Nord Stream 2 and TurkStream gas pipeline projects due to the threat of US sanctions, according to a Reuters report. Associations belonging to the International Group of P&I Clubs said that they would not cover “any activity involved or related to” the […]

  • Mountain Valley Hopes to Resume Pipeline Construction

    After a winter hiatus in construction that stretched into the spring, summer, and fall, builders of the Mountain Valley Pipeline say they are ready to return. In a letter filed with the Federal Energy Regulatory Commission (FERC) late Tuesday, an attorney for the joint venture of energy companies requested that a stop-work order issued last Oct. […]

  • Canadian Oil and Gas Spending Falls 54% in Second Quarter

    Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers. Canada’s capital spending fell 54% in Q2, to $3.88 billion, according to Statistics Canada. This is down from $8.46 billion in Q1 2020 and $8.59 billion in Q4 2019. The […]

  • Shell Will Again Start Oil and Gas Exploration in Alaskan Arctic

    Shell plans to resume oil and gas exploration in Alaskan Arctic offshore waters for the first time since 2015, according to exploration plans filed with the state Sept. 17. The company seeks state approval to form an exploration unit covering 86,400 acres and 18 Alaska Beaufort Sea state offshore leases held by Shell. The company has committed to […]

  • Dakota Access Pipeline Can Operate Until End-2020

     The Dakota Access oil pipeline will continue operating at least until the end of the year when a federal court will be ready to rule on a lawsuit demanding that the pipeline be shut down. December 2020 is the earliest time the court will be able to make a decision after reviewing all relevant documentation, Bloomberg reported. Before that, […]

  • Empire Pipeline Becomes Empire Midstream

    Empire Pipeline LLC announced that it has changed its name to Empire Midstream LLC. Effective immediately, the new identity more accurately reflects the company’s expanded footprint of midstream businesses, including crude oil pipelines, crude oil storage and blending, as well as produced water filtration and disposal. Empire Midstream has […]

  • Energy Transfer Dakota Access Pipeline to Operate Late Next Year

    Energy Transfer LP expects to have expanded capacity available on its embattled Dakota Access crude oil pipeline by the third quarter of next year, it said on Tuesday in a presentation to investors, Reuters reported. The Dallas-based pipeline operator plans to roughly double the amount of crude oil that can flow through the 570,000-barrel-per-day […]

  • Trump Administration Announces Extension of Oil & Gas Moratorium

    President Donald Trump signed an executive order extending for 10 years (until 2032) a moratorium on expansion of oil and gas exploration in the eastern Gulf of Mexico, the site of a massive military test range and a vital part of Florida’s tourism economy. In addition to the eastern Gulf of Mexico, Trump’s moratorium also applies to the […]

  • Vietnam Government Issues Decree Against Illegal Drilling

    Vietnam’s government has issued a decree against illegal oil and gas exploration in its waters in the South China Sea. The government is threatening fines and property seizures for violators, regardless of whether they are Vietnamese or foreign entities. The highest fine possible is between 1.8 billion Vietnamese dong (roughly $78,000) and 2 […]

  • Saudi Aramco Announces New Oil and Gas Discoveries

    Saudi Arabia’s state oil company has discovered two new oil and gas fields in the northern part of the country, the Saudi Press Agency reported, citing Energy Minister Abdulaziz bin Salman. The fields’ reserves have yet to be established accurately, but they are both already producing gas, condensates, and oil. One of the fields, Hadabat […]