Holiday schedule for US Energy Data
Thanksgiving Day, which falls on Thursday November 28, will impact the schedule for the release of major energy data during the week of Nov. 24. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. As per usual, API will release its weekly report on petroleum stocks on Tuesday, November 26 at 4:30 pm EST (2130 GMT).
Holiday schedule for US Energy Data
Veterans Day, which falls on Monday 11th November, will impact the schedule for the release of major energy data during the week beginning Nov. 10. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF 10 NOV. API's Weekly Petroleum Stocks Report will be delayed until Wednesday, November 13 at 4:30 pm EST (2130 GMT). The report is usually released on Tuesday.
KN Bags $148Mn Loan for its LNG Terminal
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD 148 million) loan agreement to optimize costs of LNG terminal.The 25-year maturity loan will be directed to finance the rent payable for the Floating Storage and Regasification Unit (FSRU).“Through this loan agreement we are continuing to support Lithuania´s security of energy supply…
CNPC's $8.5 Bln Gas Storage Project Starts Construction
China National Petroleum Corp's (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaoning province on Wednesday, the state-backed China News Service said.The project, jointly invested in by Liaohe Oilfield of CNPC and the Panjin government to the tune of about 60 billion yuan ($8.5 billion), is aiming for storage capacity of 11.5 billion cubic meters, according to China News.The Liaohe project is exp
Babcock Delivers World's Largest LNG Bunker Supply Vessel
Babcock International is celebrating the completion of its ‘first of its kind’ and the world’s largest liquefied natural gas (LNG) bunker supply vessel, M.V. Kairos, as it is delivered to Babcock Schulte Energy (BSE).BSE is a 50:50 joint venture between Babcock and Bernhard Schulte Shipmanagement (BSM)."This achievement follows the success in meeting a series of critical…
Low U.S. Gas Market Stocks Tempered by Mild El Niño Forecast: Kemp
U.S. natural gas stocks are going into winter at the lowest level for fifteen years despite a slightly faster rate of injections into storage over the summer than in 2016 or 2017.Low inventories have encouraged hedge funds to build their largest position in futures and options for more than eight years and pushed benchmark prices to their highest level for almost nine months.But…
Sempra Energy to Shed U.S. Storage, Renewable Assets
U.S. utility Sempra Energy said on Thursday it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter. Earlier this month, activist investors Elliott Management and Bluescape Resources Co, who have a combined stake of 4.9 percent in Sempra, pushed for a board shakeup and strategic review at the company.
Georgia to Build Natural Gas Storage, Coal-fired Power Plant
Georgia plans to build its first underground natural gas storage facility and construct a coal-fired power plant as part of moves to develop its energy sector. Georgia's state Oil and Gas Corporation (GOGC) has obtained the right to build the gas storage facility on a capped oil field in the capital Tbilisi and has finished the feasibility study, GOGC's general director told Reuters.
US Natural Gas Storage Hits All-time High
The volume of natural gas in storage in the United States hit a record high last week, despite one of the smallest builds in history during this year's injection season, as production declines for the first time in over a decade. The U.S. Energy Information Administration on Thursday said stockpiles hit 4.017 trillion cubic feet during the week ended Nov. 4, topping the previous all-time high of 4.009 tcf set during the week ended Nov. 20, 2015.
SoCalGas Completes Aliso Canyon Well Tests
Southern California Gas said Wednesday it completed safety review tests at all wells at the Aliso Canyon natural gas storage facility in the Los Angeles area, which shut in October 2015 following a massive methane leak. The utility, however, said it would not be ready to request state regulatory approval to inject gas into the giant field until it "has met all of the requirements" of the state's comprehensive safety review. Reporting by Scott DiSavino
U.S. Task Force: 44 Recommendations to cut NatGas Leaks
A U.S. interagency task force on Tuesday issued recommendations aimed at reducing the risk of incidents involving natural gas facilities in the wake of a major leak from the Aliso Canyon storage facility in California last year. Operators should phase out 'single point of failure' designs, that hindered the ability to swiftly control and repair the leak at Aliso Canyon, at storage facilities…
Golar Brazil LNG Venture to Build Power Plant
GG Power, a joint venture between Britain's Golar LNG Ltd and Brazil's GenPower Participacoes SA, plans to start construction of its 1,500 megawatt natural-gas-fired power plant in November, in the Brazilian state of Sergipe, a local government official said. Site preparation and grading is already underway and physical construction of the $850 million plant and its floating offshore oil terminal is set to move in little more than a month…
SoCalGas Completes more California Aliso Canyon Well Tests
More wells passed safety inspections at the Aliso Canyon natural gas storage facility in Los Angeles, Southern California Gas Co said on Monday, but the company has more work to do before it can inject gas into the giant field the utility shut last fall due to a massive methane leak that was not plugged until February. Under state law, SoCalGas cannot inject gas into Aliso Canyon until the California Division of Oil…
Canada's Enbridge to Buy Spectra Energy in $28 bln Deal
Enbridge Inc, Canada's largest pipeline company, said on Tuesday it would buy Spectra Energy Corp in an all-stock deal valued at about C$37 billion ($28 billion) to create the largest North American energy infrastructure company. Enbridge's biggest-ever deal comes as the company has been steadily expanding its North American pipeline network, which carries the bulk of Canadian crude oil to the United States.
PG&E California Natgas storage Facility Shut due to Leaks
Northern California power and gas company Pacific Gas & Electric (PG&E) said on Friday its McDonald Island gas storage facility in San Joaquin County remained out of service after the company detected small methane leaks from some of its wells in June. PG&E discovered the small leaks during an inspection the state required of gas storage operators after the massive leak…
ConEd, Crestwood form Pipeline & Storage JV
Consolidated Edison Inc said its unit would purchase a 50 percent stake in a new entity that will hold Crestwood Equity Partners LP's natural gas pipeline and storage business for $975 million. The joint venture will own natural gas pipelines and storage facilities that provide a critical link between natural gas fields and Northeast U.S. markets. The new entity, Stagecoach Gas Services LLC…
SoCalGas to Be Arraigned over LA Area Methane Leak
Southern California Gas Co is to be arraigned on criminal charges on Wednesday over a huge methane leak near Los Angeles that forced thousands of residents from their homes, officials said. SoCalGas, a division of San Diego-based Sempra Energy , faces four misdemeanor charges for failing to report the release of hazardous materials from Oct. 23 to Oct. 26, and discharging air contaminants beginning on Oct. 23.
California Residents Vent Frustrations Over Gas Leak
California residents sickened and forced to evacuate their homes because of the biggest methane gas leak in state history will have a chance Friday to voice frustrations and demand answers from top officials at a community meeting. Neither the state nor the utility have been able to stop the leak that has affected thousands of residents since it was detected on Oct. 23 at an underground natural gas storage field in Porter Ranch in northern Los Angeles.
LA Residents Implore Officials for Mitigating Gas Leak
Residents of a southern California community on Saturday implored air quality officials to force a gas company to take steps to mitigate a natural gas leak that has reportedly caused health issues and damaged property since it began three months ago. The five-member hearing board of the South Coast Air Quality Management District fielded comments from residents of the Los Angeles' Porter Ranch neighborhood…
California Regulators to Curb Giant Methane Leak
The Southern California Gas Co would be required to install a system to siphon off and incinerate some of the methane spewing into the air from a subterranean pipeline rupture under a plan being weighed by local regulators to curtail the huge leak. A five-member hearing board of the South Coast Air Quality Management District was due to review and possibly vote on the proposal at a public meeting Saturday in Los Angeles…
