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Texas Pipeline Group Elects New Chairman

Oil Retreats as Stronger Dollar Dents Rally

Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally. (Bloomberg) Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors assessed what impact a potential U.S. stimulus package will have on driving fuel demand higher. Futures in New York slid 0.9% to trade near $53 a barrel as a stronger dollar reduced the appeal of raw materials like oil that are priced in the currency. President-elect Joe Biden will ask Congress for $1.9 trillion to fund immediate relief for the economy that has been pummeled by the Covid-19 pandemic.

NS2 Set to Finish Bulk of Work on One Line in June

Nord Stream 2 AG plans to complete major construction work on one of two branches of the controversial Russian gas link in the first half of 2021. (Bloomberg) Nord Stream 2 AG plans to complete major construction work on one of two branches of the controversial Russian gas link in the first half of 2021, despite U.S. sanctions that have threatened its completion for over a year. The section of pipe could be largely finished as soon as June, as the operator of Nord Stream 2 starts some testing in Danish waters on Friday, according to a schedule seen by Bloomberg that was confirmed by people familiar with the process.

Oil Pauses as Rising Fuel Supplies Threaten Rally

Equinor Bags Largest Ever US Offshore Wind Award

Equinor (NYSE: EQNR) has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the U.S. to date. Equinor (NYSE: EQNR) revealed Wednesday that it has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the U.S. to date. Under the award, Equinor and incoming strategic partner BP will provide generation capacity of 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW of power from Beacon Wind 1 – adding to the existing commitment to provide New York with 816 MW of renewable power from Empire Wind 1.

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