Other energy headlines for Tuesday

** A California-based oil and gas company has been identified as the source of an oil sheen spotted last week off Bolsa Chica State Beach in Orange County, state officials said. DCOR, a small company based in Oxnard, was identified as the source, the California Department of Fish and Wildlife’s Office of Spill Prevention and Response tweeted Saturday.

** An energy company is pulling the plug on a controversial plan to install natural gas turbines at a power plant in Gowanus, Brooklyn. The proposal had come under criticism as a step backward while the state government attempts to phase out fossil fuels and switch to clean sources of energy.


** The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million barrels of oil equivalent per day (boepd) for the first time since 1998, a threshold that is not likely to be exceeded again in the future despite new project start-ups in coming years, a Rystad Energy analysis shows.

** European natural gas fell for a fourth day as U.S. supplies are expected to bring relief to the tight market and traders weighed both milder weather and risks to demand from the omicron virus variant.

** The Yamal-Europe pipeline that usually delivers Russian gas to Western Europe was sending the fuel back to Poland for a sixth straight day on Sunday, according to data from German network operator Gascade.

** The bone-chilling cold that has engulfed parts of northern and western Canada over the past few days continues to clench its iron grip on the region. For the first time in eight years, a temperature below -51°C (-59.8°F) has been recorded in Canada.

** A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse.

** Saudi Arabia’s exports soared in October as the world’s biggest oil exporter benefited from higher crude prices.