Reuters MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next to the turbine on a factory
CNBC The operator of Nord Stream 1, a key gas pipeline which runs from Russia to Germany, said Thursday it was in the process of resuming flows to Europe. There had been concerns across the region that there could be a complete shutdown of gas supplies via the pipeline after it was closed earlier this month for maintenance. Flows
US News NEW YORK – U.S. midstream companies have set their sights on natural gas pipelines and export terminals as a key growth opportunity as investor pressures and political headwinds make new crude oil pipeline projects unpalatable. U.S. pipeline operators are expected to have benefited from high oil and gas prices and rising domestic production in the second quarter, though
Yahoo BERLIN (AP) — Russian energy giant Gazprom appeared to cast doubt Wednesday on the prospects of quickly restoring the flow of natural gas to full capacity through a major pipeline to western Europe. Gazprom last month reduced the gas deliveries through Nord Stream 1 to Germany by 60%. The state-owned gas company cited technical problems involving a part that partner Siemens
Yahoo Finance LONDON -Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say. The closure of the CPC pipeline that carries oil from Kazakhstan to the Black Sea Russian export terminal in the
CNBC Europe is bracing for an extended shutdown of Russian gas supplies as maintenance work begins on the Nord Stream 1 pipeline that brings gas to Germany via the Baltic Sea. Operator Nord Stream AG confirmed the work, which is scheduled to run from Monday through to July 21, got underway as planned Monday morning. Russian gas flows via
World Oil (Bloomberg) — Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA. The US oil giant will take a 6.25% stake in the North Field East project — the biggest in the gas industry — that’s expected to start operating in early 2026. The expansion
World Oil (Bloomberg) — TotalEnergies SE became the first foreign company to win a stake in a multibillion dollar project to boost Qatar’s gas exports. Qatar is expanding production of liquefied natural gas amid a worldwide energy crunch. Global demand for the fuel is soaring as European nations race to wean themselves off Russian gas supplies in the wake of
World Oil (Bloomberg) — Louisiana is investigating the source of a cloud of methane that was spotted from space near multiple natural gas pipelines. The state began its probe after Bloomberg News contacted the Louisiana Department of Natural Resources about a concentration of the planet-warming gas detected May 28 by a European Space Agency satellite. The plume had an emissions rate of 44 tons of
Investing LONDON – Oil jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a Russian oil embargo. Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use
Oil Price Requests for Russian natural gas deliveries for the EU via Ukraine and Slovakia on Monday reached their highest level since November 2021, sending European benchmark gas prices lower in early trade, despite the ongoing dispute over rubles-for-gas payments and Russia cutting off deliveries to Poland and Bulgaria. Daily nominations for Russian supply through Ukraine and the Slovakian border
Nasdaq HOUSTON – Enterprise Products Partners LP’s EPD.N crude pipeline volumes rose by 16% in the first quarter, the U.S. energy pipeline operator said on Monday, as demand recovered. Russia’s invasion of Ukraine and worries of a supply crunch increased prices of U.S. oil CLc1 and natural gas NGc1 by more than 33% and 50% in the quarter respectively, driving producers to boost output and
