Yahoo Finance LONDON – Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. U.S. West Texas Intermediate (WTI) crude futures rose $4.83, or 4.4%,
CNBC LONDON — Natural gas is one of several commodities caught in the crossfire of the conflict in Ukraine, and the European economy could take a hit if Russia halts its exports. Supply-side risks arising from the war have stoked extreme volatility across global commodity markets, with oil, nickel and wheat also surging alongside natural gas in recent weeks. Natural gas
Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
Reuters WASHINGTON -The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer (NYSE:) LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down. The justices left in place a lower
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany and the
Oil and Gas 360 Publisher’s Note: EnerCom recently launched the new website for Cureton Midstream. DENVER, Feb. 2, 2022 /PRNewswire/ — Cureton Midstream, LLC, a growth oriented, Denver-based midstream company focused on developing and operating gas gathering and processing infrastructure in Colorado, announced that it has acquired the Gilcrest System from Aka Energy Group, LLC (“Aka”) in the Denver-Julesburg (“DJ”) Basin on February 1, 2022. Terms of
World Oil (Bloomberg) –A major U.S. natural gas pipeline project that’s crucial for shale drillers in the Appalachians is now in doubt after a court rejected its permit to cross a national forest in the Virginias. The U.S. Court of Appeals for the Fourth Circuit on Tuesday tossed the federal government’s approval for Equitrans Midstream Corp.’s $6.2 billion Mountain Valley
US News WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration officials said on Tuesday. Speaking to reporters on a call, the officials did not name the specific countries or companies
Reuters The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project. Why it matters: The 55-44 vote is the culmination of Cruz’s months-long push to force Democrats into an uncomfortable vote on Nord Stream 2, which the Ukrainian
World Oil (Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. The acquisition, Enterprise’s largest since 2014, will expand the company’s reach into the Midland Basin, part of the Permian,
CNBC Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is abandoned — and that threat is something that Europe can use to pressure Moscow, according to a former German ambassador to the U.S. “I think the pipeline represents a major item of leverage for us, if we handle it smartly,” said
Reuters The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine’s struggling economy at a time of heightened tensions with Russia. The state operator of Ukraine’s gas transmission system said on Tuesday that 41.6 billion cubic metres (bcm) of Russian gas was transported through Ukraine to Europe in 2021, equivalent to a daily average of 114 million cubic metres
