News

Exxon Mobil and Plains All American Pipeline plan to build a new pipeline that will add 1 MMbpd of takeaway capacity for Permian Basin crude oil and condensate.

The Irving-based oil giant signed a letter of intent with Houston’s PAA to form a joint venture for the project, which would transport oil to from multiple locations in the Permian Basin to the Texas Gulf Coast.

PAA said the proposed common carrier pipeline would be designed to ship more than 1MMbd per day, ...

Morocco and Nigeria signed a cooperation agreement to build a gas pipeline across West Africa on the occasion of a two-day official visit by Nigerian President Mohammed Bukhari to Morocco.

Bukhari, who was accompanied by a large delegation on his first official visit to the Kingdom of Morocco, held talks with King Mohammed VI at the royal palace in the capital Rabat.

On Sunday night, the two sides signed three cooperation agreements related to the Morocco-Nigeria gas pipeline, vocational training in agriculture, ...

Sweden’s government has approved the Nordstream 2 undersea pipeline project to transport Russian gas to Germany. « National and international law does not permit Sweden to reject the application of a pipeline outside Swedish territory » explained minister for enterprise and innovation, Mikael Damberg in a press conference on Thursday.

Finland and Germany have already approved the project, leaving Denmark as the only country not having accepted the project.

Azerbaijani President Ilham Aliyev inaugurated the project Tuesday at the opening ceremony of the 25th Anniversary International Caspian Oil and Gas Exhibition.The Southern Gas Corridor consists of a network of infrastructure projects designed to improve the security and diversity of the EU’s energy supply by bringing natural gas from the Caspian region to Europe.

The Southern Gas Corridor involves projects crossing seven countries, with a total value of about $40 billion. Those include the Shah Deniz 2 development, which involves offshore ...

Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.

The company, a unit of Houston-based Kinder Morgan Inc, had stopped all non-essential work on the C$7.4 billion ($5.70 billion) project in April, citing permitting delays and political opposition in British Columbia, and said it would scrap the expansion unless the legal challenges ...

A $1.4 billion 206-kilometre network of new natural gas pipelines in northeastern B.C. that was originally intended to serve a liquefied natural gas industry has been granted a variance that could see more B.C. gas moving through Alberta – to the chagrin of Alberta.

The National Energy Board (NEB) has approved a variance to the North Montney Mainline project, which got put on hold when Petronas cancelled its Pacific NorthWest LNG project.

The project belongs to NOVA Gas Transmission Ltd., which is ...

The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart of Europe from newly tapped reserves in Siberia, intentionally skirting Eastern European nations like Poland and Ukraine. It also promises much-needed jobs in this poor German backwater, some three hours’ drive north of Berlin.

The United States and some other German allies have bristled at the project, warning that it could give Moscow greater leverage over Western Europe.

Energy-poor Germany already relies heavily ...

The European Union and Turkmenistan are committed to implementing the Trans-Caspian pipeline project, designed to bring Turkmen hydrocarbon resources to European markets, said the Head of the EU Liaison Office in Ashgabat Lubomir Frebort in his welcoming speech on occasion of Europe Day, reports the Nebit-Gaz newspaper of Turkmenistan.

The high-ranking diplomat noted the important role assigned to Turkmenistan in the energy security strategy of the EU.

Negotiations on the delivery of Turkmen gas to Europe have been going on since 2011.

The ...