Oil
DNR Investigates 70,000-Gallon Oil Spill from Enbridge’s Line 6 Pipeline in Wisconsin
The Wisconsin Department of Natural Resources (DNR) is investigating a significant crude oil spill along Enbridge Energy’s Line 6 pipeline in Jefferson County, Wisconsin, near the town of Oakland, about four miles east of Cambridge.
Oil States Sells Houston Ship Channel Facility for $24.8 Million
Oil States International Inc. has finalized the sale of its idled Houston Ship Channel facility, generating $24.8 million in net proceeds. The sale is part of the company’s broader strategy to optimize its operations and improve financial flexibility.
Matador Closes $600 Million Pronto Midstream Deal, Strengthens Balance Sheet
Matador Resources Company has finalized the contribution of its wholly-owned subsidiary, Pronto Midstream, LLC, to its midstream joint venture, San Mateo Midstream, LLC. The deal values Pronto at approximately $600 million and brings San Mateo's total estimated asset value to over $1.5 billion, net to Matador.
PDVSA and Reliance Resume Oil Swap with U.S. Approval, Document Reveals
Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed.
Oil Prices Rise on Falling U.S. Crude Stocks, Fed's 2025 Rate Plan Caps Gains
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signaled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar.
North Dakota Oil Facilities Slow to Come Back Online After October Wildfires
Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state's Industrial Commission said on Wednesday.
Argentina’s YPF Creates Partnership for $3 Billion Vaca Muerta Sur Oil Pipeline Project
Argentina's state-run oil company YPF YPFDm.BA formed a new partnership with local oil companies to transport and export oil from its massive Vaca Muerta shale oil formation, the company announced on Monday.
Delek Logistics Acquires Gravity Water for $285 Million
This acquisition complements Delek's recent purchase of H2O Midstream and strengthens the company’s crude and produced water gathering and disposal services in the Midland Basin.
Suncor Projects Higher Crude Output, Lower Spending for 2025
Suncor Energy on Thursday projected higher oil and gas production and lower spending in 2025, as it aims to boost output from its oil sands assets while keeping a tight lid on costs.
Chevron Expands Pasadena Refinery to Boost Light Crude Processing Capacity by 15%
Chevron U.S.A. Inc. has completed a retrofit of its Pasadena, Texas refinery, increasing its processing capacity by nearly 15%, bringing it to 125,000 barrels per day. The upgrade enhances the facility's flexibility in refining lighter crudes and aligns with Chevron’s strategy to bolster its Gulf Coast refining system.
Permian Resources Divests Reeves County Gathering Systems for $180 Million
Permian Resources Corp. has agreed to sell its natural gas and oil gathering systems in Reeves County, Texas, to Kinetik Holdings Inc. for $180 million in cash, pending post-closing adjustments.
Shell, Greenpeace Settle Lawsuit Over Protest on Oil Vessel
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
SynMax Extends Satellogic Deal to Grow Oil, Gas Insights Platform
SynMax has expanded its partnership with Satellogic Inc., utilizing the satellite imaging company's high-frequency, high-resolution imagery to enhance monitoring of oil and natural gas production across North America.
Russian Oil Halted Through Druzhba Pipeline to Czech Republic, Unipetrol Confirms
Russian crude oil flows to the Czech Republic through the Druzhba pipeline remained halted on Thursday, refiner Unipetrol said.
China Implements Rules to Cut Fuel Pipeline Transport Costs
China introduces new rules to lower fuel transport costs by pipeline starting January. State planner NDRC will regulate maximum revenues for PipeChina, aiming to reduce costs for end-users and ensure efficient oil product transport.
Oil Undervalued as Market Faces Deficit, Iran's Supply at Risk, Analysts Warn
Oil prices are undervalued due to a market deficit and potential supply risks from Iran, analysts from Goldman Sachs and Morgan Stanley warn. Factors such as OPEC+ output cuts and strategic reserve restocking could push prices higher in the short term.
Nut Tree and Caspian Urge Martin Midstream Unitholders to Reject Merger with MRMC
Nut Tree and Caspian Capital argue that MMLP’s merger proposal relies on a "deeply flawed" valuation and disproportionately benefits Ruben Martin III, MRMC's controlling figure, at the expense of unitholders.
Biden Administration Disburses Over $100 Billion in Clean Energy Grants as Term Winds Down
U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said.
Pipeline Operator Enbridge Forecasts Higher 2025 Core Profit on Strong Oil, Gas Demand
Enbridge on Tuesday forecast higher core profit for 2025 as the Canadian pipeline operator expects strong oil and gas demand to lift volumes, sending its U.S.-listed shares up 1% in premarket trading.
Azerbaijan Caps Kazakh Oil Flow in BTC Pipeline Over Sulfur Content
Azerbaijan has capped Kazakhstan’s oil transit through the BTC pipeline at 2.2 million tons per year, citing quality concerns. This move limits Kazakhstan’s efforts to reduce its reliance on Russian routes for crude exports.
Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
Originally proposed by Canadian firm TC Energy in 2010, the project faced repeated policy shifts: rejected under President Obama in 2015, approved by Trump in 2017, and canceled again by President Biden in 2021.
FERC Approves Texas-Louisiana Expansion Project by Kinder Morgan Subsidiary
(P&GJ) — The Federal Energy Regulatory Commission has approved the Texas-Louisiana expansion project, filed by Natural Gas Pipeline Co. of America, a Kinder Morgan subsidiary, according to a FERC filing on Nov. 21.
U.S. Oil Firms Unlikely to Go 'Drill, Baby, Drill' Under Trump, Says Exxon Executive
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.
Vivakor Completes Omega Pipeline Expansion in Oklahoma
Vivakor Inc. has finished expanding its Omega Pipeline System in Blaine County, Oklahoma. The project, which added two new gathering lines, was completed ahead of schedule and under budget.
BP Optimistic About Trump Presidency, Cites Faster Permitting
BP CEO Murray Auchincloss expressed optimism about the upcoming Trump presidency, expecting accelerated permitting and regulatory reforms to boost U.S. energy projects and infrastructure development.
Midstream Prepares for Trump's Upcoming Regulatory Changes
This exclusive Pipeline & Gas Journal article examines the potential regulatory shifts under the Trump administration, with a focus on FERC's evolving role and potential changes to Biden-era policies.
Kazakhstan Plans Major Oil Export Boost via Turkey, Reducing Russian Reliance
Kazakhstan could sharply increase its crude oil exports out of Turkey's port of Ceyhan, its energy minister said on Monday, in a move that would reduce the more than 80% share of flows it currently sends via Russia.
Trump Plans Aggressive LNG Export Expansion, Offshore Drilling Push
Donald Trump is preparing an extensive energy plan prioritizing LNG export permits and accelerating offshore drilling. The initiative aims to lift Biden's LNG permit freeze and expand U.S. natural gas dominance.
WGLC 2024 Highlights Leadership Strategies for Women in Energy
The Women’s Global Leadership Conference celebrated its 20th year running as it kicked off on Nov. 19-20, once again bringing female leaders and industry experts from around the globe to discuss pressing concerns and shifts in the industry that are unique to the female experience.
Malaysia Regains Position as China's Second-Largest Crude Oil Supplier
Malaysia regained its position as the second-largest supplier of crude oil to China last month, data showed on Wednesday, with supplies rising 28% on year as independent refiners sought cheaper sanctioned oil amid Middle East supply concerns.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
