European gas markets witnessed a drop in wholesale prices on Tuesday, November 9, following the resumption of westward gas flow from Russia to Germany, just a day after a halt in the gas supply to Europe pushed prices soaring.
Uganda faces challenges clearing a pipeline route transporting oil to its neighbour Tanzania. After approximately four years of talks, key players of the project finally reached a deal in April, leading to route marking for the East African Crude Oil Pipeline using pegs.
After many years of deteriorating diplomatic ties between Algeria and Morocco, the relationship between the two northern Africa nations took an ugly turn after Algeria decided to sever ties with Rabat.
The US State Department, on Thursday, November 5, announced a $10 million bounty for information about DarkSide cybercrime group that targeted a major US oil conduit, Colonial Pipeline, leading to widespread fuel and gas shortages that affected some parts of southeastern US in May 2021.
The westbound gas flow through the Yamal-Europe pipeline transporting gas from Russia to Germany via Poland is still on hold since Saturday, Gascade operator's data revealed on Thursday, November 4, 2021, Reuters reported.
Iraq and Jordan hold talks to build a low-cost oil pipeline linking Barsa to Aqaba, the oil ministry said on November 3. The talks come when the world second-largest is looking for a route to export its crude oil to energy-thirsty countries. The two countries have held similar talks for at least a decade.
Bulgaria resumes gas supply to Serbia, Hungary and Romania after successfully repairing the ruptured 20-meter section of the TurkStream pipeline.
The pipeline ruptured on November 1, 2021, causing a major gas supply disruption, sending the countries into an emergence fuel import as Bulgaria worked to repair the pipeline for natural gas transmission.
Canadian oil producers are set to enjoy higher prices on the crude they sell to the U.S. refiners as a strategic south-to-north pipeline nears reversal. The event could raise prospects of the oil industry domestically.
Spanish Minister on Wednesday, October 27, met with Algeria officials for the second in a month to guarantee a reliable supply of natural gas to the European country amid soaring fuel shortages.
Crestwood Equity Partners LP sealed a $1 billion deal worth in stock and cash to acquire Oasis Midstream Partners LP, in addition to pipelines and other assets for banking on the growth in the U.S Delaware and Williston shale basins.
According to the company’s statement on Tuesday, October 26, the latest deal will see Crestwood cost-save about $45 million annually.
