News

Russian President Vladimir Putin will be in Shanghai on May 20 and 21 to sign a long-term deal to sell gas to China. Under the deal, Russia

More than 150,000 sections of pipeline ordered for South Stream. Russian energy company Gazprom said all contracts for the construction of the South Stream gas pipeline’s offshore section have been signed. Gazprom touts South Stream — which would stretch about 575 miles long offshore and more than 900 miles through the territory of southern European countries — as an option to ensure European gas supplies are stable. Ukraine hosts the bulk of Russian gas supplies for Europe, exposing ...

Ottawa is giving the National Energy Board power to take control of oil-spill cleanups and says pipeline companies must set aside $1-billion to cover costs of a major rupture regardless of fault. Natural Resources Minister Greg Rickford on Wednesday unveiled new safety measures in Vancouver, as the federal government nears a decision on Northern Gateway, the contentious Enbridge Inc. pipeline that would connect Alberta

China and Russia are set to cement their energy alliance next week with an expected agreement to build a natural gas pipeline between the two nations that would secure a huge new market for the world’s largest energy producer and provide a guaranteed energy supply for China’s growing economy as both nations face confrontations with the West. The deal, which the two countries negotiated over the last decade, is expected to be signed when Russian President Vladimir Putin visits ...

Closing arguments have ended in a four-day hearing over the value of the trans-Alaska oil pipeline, with the State of Alaska, major oil producers and local governments locking horns in a proceeding that included discussion of how much oil remains to be pumped off the North Slope. It’s not as much as many people hope, according to a state attorney. Early Thursday, the State Assessment Review Board that considers appeals of state assessments began deliberating, a process closed ...

The consortium managing the planned Trans-Adriatic pipeline said it was seeking contractors for the onshore section planned through Greece and Albania. TAP construction through Greece and Albania is scheduled for 2016. Companies wishing to land a construction contract need to submit their bids to the consortium no later than May 26. « This is one of the largest contracts that TAP plans to award, » TAP Procurement Director Knut Steinar Kvindesland said in a statement Monday. « The selection of potential ...

Mexican authorities said on Tuesday they would hold auctions in the near future for five new natural gas pipelines, which are to be built at a cost of $2.25 billion. The CEO of Comision Federal de Electricidad (CFE), Enrique Ochoa, said in a statement that the state-owned electric utility and the Energy Secretariat would provide details on the bidding processes in the coming days. Ochoa said at an energy and gas forum at the CFE