Work Starts on Final Part of Russia-China Gas Pipeline

oil and gas | Submar

Work Starts on Final Part of Russia-China Gas Pipeline

The third and final section of the pipeline will connect to Russia’s Power of Siberia 1 (PoS1) gas pipeline project. The third, southern section starts at Yongqing in Hebei and crosses Shandong and Jiangsu provinces before ending in Shanghai. The June 2025 target date roughly coincides with when supplies through PoS1 are expected to reach

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Pipeline Doubts Put Bakken Shale Reboot on Hold

North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of the region’s oil, executives and analysts said. Oil producers in the Bakken, the second largest U.S. shale field, cut May output by

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Kinder Morgan Posts $1B Loss

U.S. pipeline operator Kinder Morgan Inc posted a second straight quarterly loss as it took a $1-billion impairment charge after a steep fall in natural gas prices caused by the coronavirus crisis hurt the value of some of its assets. Energy companies have been hard hit by the COVID-19 pandemic that slashed energy demand by

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California’s Top Oil Driller to File for Bankruptcy

California Resources Corp. filed for bankruptcy with a plan to hand ownership to lenders, kicking off what could turn into the next wave of collapses among oil drillers and the businesses that depend on them. Under a proposal the company negotiated with senior lenders as part of its bankruptcy planning, shareholders will be wiped out,

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MOL Discovers Significant Reserves in Pakistan

The Mamikhel South-1 exploratory well, which is located in Pakistan’s TAL Block, achieved a flow rate of 6,516 barrels of oil equivalent per day during testing according to the company, which noted that further testing of the well is currently ongoing. Mamikhel South-1 marks MOL’s 13th discovery in Pakistan and the 10th discovery in the TAL

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