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Oil & Gas

Shell declares force majeure in Nigeria after pipeline leak

Oil major Shell has declared a force majeure and halted crude exports from a key terminal in Nigeria after a pipeline leak. The company said the move was taken after a leak in the Trans Forcados pipeline which affected crude exports from one of the country’s main export points. The terminal has the capacity to export up to 400,000 barrels a day.


TransCanada profits up in latest quarter

TransCanada Corp, which divides its business between pipelines and power plants, reported higher second-quarter profit as electricity prices in Alberta rose and the company transported more fuel.

Oil & Gas

Analysis: Reforms needed in Nigeria or oil production could falter

Oil production in Nigeria is forecast to falter due to underinvestment according to analysis from research and consulting firm GlobalData. Despite more than 37 billion barrels remaining in proven reserves the country faces challenges with need for reform and transparency to reverse this trend. However Young Okunna, an upstream analyst covering Sub-Saharan Africa, said Nigeria’s gas sector could be rejuvenated by capitalising on the chance to rebuild investor confidence following the election of President Muhammadu Buhari.

Oil & Gas

Sempra Energy wins natural gas transportation contract

Sempra Energy has been awarded a natural gas transportation contract in Mexico by the Comision Federalde Electricidad. The company said the agreement had been signed with its Mexican unit, IEnova (Infraestructura Energetica Nova), through its subsidiary Gasoducto de Aquaprieta. The project will comprise a header facility with a capacity of three billion feet per day of natural gas and a 14-mile pipeline with a capacity of 1,135 million cubic feet per day of natural gas.

Health, Safety & Environment

12 people killed in Nigerian oil pipeline explosion

Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria. The victims worked on a maintenance team for a local service company, Rome-based Eni said in a statement Friday. The Tebidaba-Clough Creek pipeline in the Niger delta was previously “damaged by acts of sabotage.” The company said it is still investigating the cause of Thursday’s blast.

Oil & Gas

Songo Songo gas export pipeline completed

Solo Oil said the newly constructed gas export pipeline from the Songo Songo processing plant to the KN-1 gas well has been completed. The KN-1 well, when connected to the export pipeline, is expected to produce at least 20 million cubic feet per day. The company announced earlier this month that it has signed an asset purchase agreement with Aminex for the first 6.5% interest in the Kiliwani North Development licence.


Keystone: Calls for oil pipeline carries to be used only in US

Senate Democrats said Tuesday they’ll push amendments to legislation approving the Keystone XL pipeline requiring that it’s built with domestically produced steel and that the oil it carries is used in the US. “The project now would simply pump American oil across the American heartland -- not to be used here -- but to be shipped overseas,” Senator Charles Schumer of New York, the Senate’s third-ranking Democrat, said at a news conference. With polls showing a majority of voters supporting Keystone, Democrats have sought to undermine its purported benefits to the US.


Victoria Oil and Gas complete Cameroon pipelines

Victoria Oil and Gas said Gaz Du Cameroun (GDC) has completed laying pipeline to the boundaries of the ENEO Power Station at Bassa and Logbaba. The 20 MW Bassa Power Station is located a short distance from the company’s operating northern pipeline.

Other News

Nebraska Supreme Court clears the path for Keystone Pipeline

TransCanada Corp.’s Keystone XL pipeline faces one less hurdle after Nebraska’s highest court cleared its path through the state, sending the matter back to Washington. The pipeline would funnel crude from Alberta’s oil sands to a network junction in southeast Nebraska, for transport to Gulf Coast refineries. While the ruling is a victory for energy independence proponents, the project’s fate remains uncertain.


SPDC agrees £55million settlement after pipeline spills

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has agreed a £55million settlement with the Bodo community. Shell’s Nigerian subsidiary has made the payment in respect of two operational spills in 2008. The SPDC said the compensation will provide an individual payment for those affected who agree to the settlement payment totalling £35million.

Oil & Gas

Obama Keystone veto threat spurs Democrat’s plea for compromise

President Barack Obama will not sign a bill introduced that would approve the Keystone XL oil pipeline, his spokesman said, as a top Democratic supporter urged the administration to seek a compromise. A bill to sidestep an agency review was the Republican’s first legislation introduced as they took control of both the House and Senate for the first time since 2007. The measure has enough sponsors to pass but not enough to override a veto.

Oil & Gas

Pipeline shutdown after leak

Canadian operator Enbridge shut down one of its pipelines after a leak at the Regina Terminal in Saskatchewan. A release from the line within the on-site pumping station had been reported. A spokesman said there was no impact to the public, wildlife or waterways following the incident.


BG Group sells Australian pipeline for $5billion

BG Group has agreed to sell its Australian pipeline business for $5billion to the APA Group. The subsidiary, QCLNG Pipeline, owns a 543 kilometre underground pipeline network which links BG group’s natural gas field in southern Queensland to a two-train export facility. It was constructed between 2011 and 2014 and has a value of $1.6billion.

Oil & Gas

Putin scraps South Stream Gas Pipeline after EU pressure

President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to Europe for years to come. The route under the Black Sea would have offered Russia’s OAO Gazprom a more direct path to feed the continent’s gas needs, a plan the EU objected to because it would reduce Ukraine’s leverage against its neighbor.