Archive for 'Industry news'

Shell says a fire has forced it to close a key oil pipeline feeding Nigeria’s strategic Bonny Export Terminal, which militants attacked last week. The ongoing challenges are losing oil multinationals billions of dollars in what used to be Africa’s biggest petroleum producer. SBM Intelligence risk analysts estimate that renewed militant attacks, low oil prices and weak refinery margins have cost Dutch-British Shell and U.S.-based Chevron and ExxonMobil $7.1 billion in the first half of the year, representing ...

Construction on the Mountain Valley Pipeline was slated to start in December. However, construction on the $3.5 million, 300-mile natural gas pipeline could be delayed until next summer after the Federal Emergency Regulatory Commission said recently the final Environmental Impact statement will likely be released in March 2017. After the release, FERC commissioners have 90 days to make a decision on whether to green or red light the projects. With those delays the earliest construction can start is ...

Duke Energy is delaying its controversial natural gas pipeline project and will extend the review process to find the

The future head of Austria