Surging demand and constrained supply have pushed key gas and LNG benchmarks to multi-year highs. Prices now sit well above what can be anchored by fundamentals, which poses a downside risk, according to analysis from Morgan Stanley. At the same time, winter heating season lies…
Record gas prices in Europe could hasten clearance for fuel supplies via Russia’s Nord Stream 2 pipeline to Germany, analysts said on the 14th September. Last week Gazprom said it had finished construction of the pipeline and Germany’s energy regulator has said it has four months to complete operating certification…
The offshore pipeline of the Baltic Pipe project has reached landfall in Poland, according to the latest update. The pipeline was pulled from the Castoro Sei vessel using a 1,500-metre long and 119-millimetre wide wire rope pulled by a winch to the shore. In…
Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest. That’s what GlobalData said in a statement sent to Rigzone on the 10th September, which highlighted that TotalEnergies and Equinor had recently divested their respective interests in Petrocedeno to…
ReNew Power (“ReNew”, or “the Company”), India’s leading renewable energy company has announced the commissioning of 250 MW capacity of its Interstate Transmission System (ISTS) solar generation project, SECI-3. The project has a total generation capacity of 300 MW which was won by ReNew…
Germany’s energy regulator said on the 13th September that it had four months to complete a certification of the Nord Stream 2 gas pipeline after receiving all necessary documents for an application for an operating license from the pipeline company. A week ago, Russian gas group Gazprom said it had finished…
President Biden’s US$3.5-trillion infrastructure bill, designed to throw waves of our children’s children’s dollars at just about everything except infrastructure projects, is dependent on every single Democrat in Congress for its rules-straining passage. West Virginia Senator Joe Manchin stands alone among his fellow Democrats,…
The House Natural Resources Committee has approved a broad array of increases for oil and gas exploration and production costs, plus such changes as elimination of non-competitive leasing. The committee also approved measures which would mostly double or triple civil and criminal penalties for…
TC Energy Corporation 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. The Canada Energy Regulator ruled that the names of TC Energy’s insurers are “commercial information” and the midstream…
McDermott has won an engineering, procurement, construction, installation and commissioning (EPCIC) contract for the Whale development in Alaminos Canyon in the Gulf of Mexico. Under the contract, McDermott will provide engineering, procurement, construction, installation and commissioning for 50 kilometres of pipeline and approximately 15…
