Oil
Pemex to Overhaul Major Crude Unit at Texas Refinery in October, Sources Say
Pemex is preparing a major overhaul at its 312,500-bpd Deer Park, Texas, refinery in October. The planned 60-day shutdown will take the plant’s largest crude unit offline, along with key processing units that depend on it.
Chevron Sends First Venezuelan Oil Cargoes to U.S. After License Renewal
Chevron has shipped its first Venezuelan oil cargoes to the U.S. after receiving a renewed license from Washington, marking a policy shift in sanctions and boosting Gulf Coast refinery supply.
Enterprise Responds to Crude Oil Leak at Houston Terminal, Seaway Pipeline Impacted
Enterprise Products is responding to a crude oil leak at its Houston terminal that temporarily reduced flows on the Seaway pipeline.
Flooding Cuts Flows on Enterprise’s Seaway Crude Pipeline to Gulf Coast, Sources Say
Flooding has reduced crude flows on the Seaway Pipeline, a key 950,000-bpd route from Cushing, Oklahoma, to the U.S. Gulf Coast, jointly owned by Enterprise Products Partners and Enbridge.
Iraq Weighs Oil Exports via Lebanon, Eyes Iraq–Syria Pipeline Revival
Iraq is considering exporting oil through Lebanon’s Tripoli port and studying the revival of the Iraq–Syria pipeline to diversify export routes. A joint committee will assess the pipeline’s condition following talks with Syria’s energy minister in Baghdad.
Petroperu Plans Pipeline Link to Bring Ecuador Oil to Talara Refinery
Peru’s state-run Petroperu is working on an agreement with Petroecuador to connect Ecuadorian oil wells to Peru’s northern pipeline, enabling crude deliveries to the expanded Talara refinery.
U.S. Crude Exports Fall to Four-Year Low as Buyers Turn to Cheaper Alternatives
U.S. crude oil exports fell to 3.1 million bbl/d in July, the lowest since 2021, as tighter domestic supplies and narrowing global price spreads drove Asian and European buyers to seek cheaper alternatives.
Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
Enbridge reported overwhelming shipper interest in its proposed Flanagan South pipeline expansion, signaling strong demand for additional Canadian oil transport to the U.S. Gulf Coast. The company expects a final investment decision by year-end.
China’s Yulong Buys First Canadian Oil via Trans Mountain Pipeline
China’s Shandong Yulong Petrochemical has purchased its first Canadian crude cargoes via the Trans Mountain pipeline, diversifying supply with Access Western Blend shipments for September and October.
Turkey Presses Iraq to Fully Utilize Kirkuk-Ceyhan Oil Pipeline in New Deal Talks
Turkey is urging Iraq to ensure full use of the Kirkuk-Ceyhan oil pipeline as part of a proposed energy agreement, which could also expand cooperation into gas, petrochemicals and electricity. The pipeline has been offline since 2023 amid arbitration disputes.
BP Detects Tainted Oil at Ceyhan Port But Exports Continue
BP detected organic chloride contamination in some oil tanks at Turkey’s Ceyhan terminal but said exports from clean tanks and via the BTC pipeline continue as normal while investigations proceed.
Pembina Secures Settlement with Shippers for Alliance Pipeline
Pembina Pipeline reached a 10-year settlement with shippers on the Alliance Pipeline, revising toll structures and filing for Canada Energy Regulator approval. The agreement lowers long-term tolls and introduces revenue sharing on biddable capacity.
Halliburton Warns Mexico Oil Decline Requires Reactivation, But Pemex Still Owes Suppliers
Halliburton says declining oil output in Mexico is creating pressure to restart oilfield services work, but ongoing payment delays from Pemex continue to stall activity. Mexico’s crude production fell 8.4% in May.
U.S. Crude Flows to Nigeria Surpass Imports for First Time, EIA Reports
For the first time, the United States became a net exporter of crude oil to Nigeria in early 2024, driven by shifts in refinery operations and rising demand from Nigeria’s new Dangote refinery, according to the EIA.
Turkey Seeks New Deal with Iraq to Revive Kirkuk-Ceyhan Oil Pipeline
Turkey plans to negotiate a new agreement with Iraq to restart the Kirkuk-Ceyhan oil pipeline, which has been shut down since 2023 due to arbitration disputes.
Chevron Wins Hess Dispute After Exxon Challenge, But Pays High Price
Chevron has completed its $55 billion Hess acquisition after fending off ExxonMobil’s arbitration challenge over Guyana’s Stabroek stake. But the year-long delay cost Chevron billions in lost Guyana oil revenue and slowed its growth strategy.
Greek Tankers to Keep Moving Russian Oil Despite New EU Sanctions
Greek shipping companies are expected to continue transporting Russian oil that falls under price cap exemptions, despite the European Union’s latest sanctions aimed at tightening energy trade restrictions.
CPC Pipeline Plans Stable August Flows from Kazakhstan to Black Sea
The CPC pipeline transports most of Kazakhstan’s oil to export terminals on Russia’s Black Sea coast.
CB&I to Construct Crude Storage Tanks for Argentina’s Vaca Muerta Oil Terminal
CB&I will build 4 million barrels of crude storage for Argentina’s Vaca Muerta Sur export terminal, supporting the 272-mile pipeline to Punta Colorada.
Oil Faces Double Threat From Rising Saudi Exports, Trade Wars
Saudi oil exports are set to climb to 7.5 million bpd in July, just as global demand softens and new trade tariffs raise fears of oversupply.
Venezuela's PDVSA Reports $17.5 Billion in 2024 Oil Revenue as Exports Jump
Venezuela’s state-run PDVSA earned $17.5 billion from oil sales in 2024 as crude and fuel exports rose 15% to 805,500 bpd, driven by temporary U.S. licenses granted to foreign partners before their revocation in May.
Feds Fast-Track Utah Crude Transport Project with 14-Day Review
BLM has cleared the Wildcat Loadout Facility expansion in Utah after an expedited 14-day review, paving the way for higher crude-by-rail capacity in the Uinta Basin.
Mexico Increases Oil, Fuel Exports to Cuba Amid Power Grid Failures
As Cuba faces crippling blackouts and economic turmoil, Mexico has boosted oil and fuel shipments to the island, offering vital energy aid amid U.S. sanctions and grid failures.
Erosion Forces Second Shutdown of Ecuador’s OCP Pipeline in July
Ecuador’s OCP heavy crude pipeline has halted operations for the second time this month due to severe river erosion.
Lindsey Refinery Faces Closure as Glencore Deal Covers Only Stored Crude
UK officials say Lindsey Oil Refinery will continue operating for now after securing crude from Glencore, but the limited deal only covers stored barrels and raises concerns over an imminent shutdown.
Ecuador Suspends Crude Exports as Pipeline Damage Triggers Force Majeure
Petroecuador has declared force majeure and halted crude exports after heavy rain and erosion forced Ecuador’s main pipelines offline, cutting oil output by over 130,000 barrels per day.
No Proposals Yet for Pacific Crude Pipeline, Canada Says
Canada has not received any proposals for a Pacific-bound crude oil pipeline, despite new legislation to fast-track infrastructure, Natural Resources Minister Tim Hodgson said.
U.S. Oil Reserve Refill Behind Schedule, Completion Pushed to December
U.S. deliveries to the Strategic Petroleum Reserve are delayed until year-end due to maintenance, with just 8.8 million of the planned 15.8 million barrels delivered so far, the DOE said.
River Niger Crossing Completed on Nigeria’s 381-Mile AKK Pipeline Project
Nigerian NNPC has finished the River Niger crossing on its AKK gas pipeline and logged 100 percent crude-pipeline uptime in June, keeping the project on track for Q4 2025.
Central Europe Cuts Final Link to Russian Oil via Pipeline Reroute
Polish energy firm Orlen has officially ended all Russian oil imports, redirecting supply for its Czech refinery through the TAL and IKL pipelines. The move marks Central Europe’s final break from Druzhba pipeline reliance, following recent infrastructure upgrades.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
