Enbridge Inc. is adding more pipeline capacity for Canadian oil producers this year and sees progress on the crucial C$9 billion ($6.8 billion) replacement and expansion of its Line 3 crude-oil pipeline.
Transneft Diascan, a subsidiary of the Russian oil pipeline operator Transneft, discussed potential cooperation regarding inline inspection in Croatia with the Croatian oil transport company Janaf, the Russian company said on Friday.
The France’s oil and gas company Engie disagrees with claims of the Polish antimonopoly regulator that imposed a 40 mln euro fine for non-assistance in the Nord Stream 2 gas pipeline project case and will appeal against it immediately, the company told TASS in a comment on Friday.
Oil prices fell on Friday, weighed down by lingering uncertainty about how close the United States and China were to a trade deal and on rising U.S. crude inventories.
Aphrodite is one of three major gas finds off the Mediterranean country.
Earlier, independent oil companies from the Assoneft association opposed the Finance Ministry’s proposal to introduce a mineral extraction tax (MET) for associated petroleum gas (APG).
Serbian oil company NIS , majority owned by Russia’s Gazprom Neft, reported on Friday a 50.7% drop in January-September profit to 10.7 billion Serbian dinars ($100.67 million) due to heavy spending on investments.
As the world’s population grows and living standards rise, there will be a much greater demand for energy and this will not be spread evenly, says the EIA. [NGW Magazine Volume 4, Issue 20]
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
- Oil slips on uncertainty over U.S.-China trade deal, surging inventories (Reuters: Nov 8, 2019 at 3:19 AM)
- Oil slips on uncertainty over U.S.-China trade deal, surging inventories (Financial Post: Nov 8, 2019 at 3:20 AM)
Asia’s biggest economy imported 6.52mn metric tons gas last month.