Small upstream oil and gas companies in Europe, Middle East and Africa are facing increasing risks as liquidity pressures become wider, amid a Brent crude oil price below $50 a barrel, Fitch Ratings said on Thursday.
Mexico’s National Center for Natural Gas Control (CENAGAS) has conducted the first open season for capacity on the country’s natural gas pipeline grid, the U.S. Energy Information Administration reported.
Russia's largest oil producer, Rosneft, is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal, efforts to avoid complications from U.S. sanctions, two sources with knowledge of the negotiations told Reuters.
Russian gas giant Gazprom has confirmed preparations for the laying out of the second string of the two-line TurkStream natural gas pipeline to Turkey, but denied reports the pipe-laying had “secretly” started, Kallanish Energy learns.
UK power generator Drax has revealed plans to convert one of three remaining coal-fired units to natural gas, while studying the potential for additional conversions to biomass, Kallanish Energy reports.
Crestwood Midstream Partners has extended by two days the expiration date of its offer to exchange up to $500 million of new 5.75%, registered senior notes due in 2025, for an equal amount of unregistered 5.75% senior notes due in 2025.
The Virginia Department of Environmental Quality has scheduled five public hearings around the state in August to get public comment on water quality permits for the proposed Atlantic Coast and Mountain Valley natural gas pipelines, Kallanish Energy reports.