World Oil HOUSTON (Bloomberg) –Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-kilometer (135-mile) pipeline will be built, according
Reuters KYIV – The head of Ukraine’s state energy company Naftogaz on Monday said Russia was trying to blackmail Europe into certifying its Nord Stream 2 pipeline by keeping natural gas supplies lower. Both the Kremlin and gas giant Gazprom GAZP.MM have repeatedly said Russia is meeting all the requests for gas supplies from European customers. “All specialists understand that Gazprom deliberately
Reuters MOSCOW – Russian gas giant Gazprom has booked about a third of offered additional gas transit capacity via the Yamal-Europe pipeline via Poland for November and has not booked any volumes via Ukraine, auction results showed on Monday. Gazprom’s data also showed its gas exports declined in the first half of October from the same period in September. The
Nasdaq Swiss-based Nord Stream 2 said it has appealed a court decision that confirmed the pipeline will not be exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them. The decision was made by the Duesseldorf Higher Regional Court in August, and a spokesperson for the
World Oil (Bloomberg) –The Canadian government invoked oil and gas transit rights under a decades-old treaty with the U.S. to stop Michigan’s attempt to shut down an Enbridge Inc. pipeline under the Great Lakes. A 1977 agreement states Canada and the U.S. must allow natural gas and crude oil to flow between the two countries, according to a statement Monday
World Oil MOSCOW (Bloomberg) – Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November. Gazprom PJSC is producing the most gas in more than a decade for this time of year, but the additional output is staying at home. Russia needs to refill its storage
Fox Business NEW YORK – Dakota Access on Monday asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review. The U.S. District Court for the District of Columbia revoked a key environmental permit for the pipeline last year and ordered an additional environmental study. The pipeline entered service in 2017
Reuters WASHINGTON – U.S. Secretary of State Antony Blinken appealed to the Senate on Tuesday to quickly confirm President Joe Biden’s nominees for national security-related positions, citing the ever-present risk of attacks. “It is essential that we accelerate the process for national security appointments since a catastrophic attack could occur with little or no notice,” Blinken told a Senate Foreign
Reuters The launch of Russia’s Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine’s gas transit operator said. Russia’s Gazprom has almost completed the construction of Nord Stream 2, which can divert transit gas flows still going through Ukraine to
World Oil MEXICO CITY (Bloomberg) –The Texas oil refinery that Pemex is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking energy independence. Mexico’s state-owned oil giant agreed in May to buy Royal Dutch Shell Plc’s majority stake in the Deer Park refinery. The facility’s forced shutdown
World Oil (Bloomberg) –Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization. The Dusseldorf Higher Regional Court on Wednesday dismissed a bid to sidestep European Union rules requiring gas producers to be legally separate from entities that transport the fuel,
World Oil (Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.” The comments came two days after President Vladimir Putin raised the stakes in mounting tension over energy with the EU. Putin imposed conditions on any extension
