South Dakota-based energy company Black Hills Corp. is selling its oil and gas development business, after failing to secure regulatory approval from various states to participate in a so-called cost-of-service natural gas program.
Colorado last week adopted tougher pipeline rules and launched a task force to explore over the next year pipeline inspection technologies companies might use to detect leaks and locate existing lines, Kallanish Energy reports.
Peru’s gas transporting company, TGP, has started the gradual resumption of natural gas liquids (NGL) flows on its pipeline, following a nearly two-week repair of the infrastructure, Kallanish Energy learns.
Venezuela’s oil industry is nearing collapse, as the state oil company, PDVSA, faces massive labor disruptions, with a record resignation of 10,000 oil workers in one week in January, a union leader said last week.
Venezuelan President Nicolas Maduro said last Thursday his country isn’t dependent on the U.S., and has international markets for its oil, answering suggestions of an oil embargo made by U.S. Secretary of State Rex Tillerson.
Despite a surge in workers leaving their jobs, underinvestment, huge debt and declining crude oil production, PDVSA’s plan to renegotiate its external commitments is “impeccable,” according to Venezuelan President Nicolas Maduro.