Oil
Understanding OPEC, OECD Influence on Crude Oil Markets
The Energy Information Administration (EIA) accounts for oil supply and demand by reporting on OPEC and OECD countries. So it is worth looking at both organizations to understand better what they are and how they operate. The Organization of Petroleum Exporting Countries is a permanent, intergovern..
Dakota Access Pipeline: A New Artery for Bakken Crude
The past two years (2015-16) will not be remembered as anything like the preceding ones of robust growth when new energy infrastructure was sprouting up like weeds, particularly on the North Dakota prairie atop the Bakken Shale play, and Justin Kringstad has had a front row seat on the roller coaste..
Pipeline Company Reaches Deal with Arkansas Water Utility
CLARKSVILLE, Ark. (AP) — A western Arkansas water utility and a company building a $900 million oil pipeline have reached a deal to protect drinking water sources from potential spills. Diamond Pipeline LLC and the Clarksville Light and Water Co. finalized a $6.6 million deal Wednesday. The 440-mil..
North Dakota Pipeline Construction Halted Until Court Date
BISMARCK, N.D. (AP) — Developers of a $3.8 billion, four-state oil pipeline have agreed to halt construction near an American Indian reservation in southern North Dakota until a federal court hearing next week in Washington, D.C. The Standing Rock Sioux Tribe is suing federal regulators for approvi..
North Dakota Regulators Approve 3 Pipeline Projects
BISMARCK, N.D. (AP) — North Dakota regulators have approved siting permits for two crude oil pipelines and a natural gas liquids pipeline. ONEOK Bakken Pipeline LLC plans a 14.4-mile natural gas liquids pipeline in McKenzie County. BOE Pipeline LLC plans a 41.8-mile crude oil pipeline in Dunn and M..
Oil Pipelines In Louisiana May Soon Be Buried At Sea
Louisiana’s shrinking coastline is causing headaches for the oil industry in that state, as an eroding coast and rising sea waters are threatening oil infrastructure. The coastline is disappearing at a rate of approximately 20 square miles per year, which could mean that more than 610 miles of pipe..
Supplemental Open Season Underway for Bakken Pipeline Transport
Dakota Access and Energy Transfer Crude Oil Company (ETCO) launched a binding supplemental open season on Aug. 12 to solicit shipper commitments for the Bakken Pipeline. The two companies expect incremental transportation capacity for Bakken/Three Forks production will be determined based on these ..
Sioux Tribe Leader Wants Political Help to Halt Oil Pipeline
BISMARCK, N.D. (AP) — A tribal leader Wednesday said he contacted the White House and met with North Dakota’s senators in an effort to halt construction of a $3.8 billion, four-state oil pipeline that crosses the Missouri River near an American Indian reservation in southern North Dakota. Standing ..
Judge Orders Protesters Not to Interfere with Oil Pipeline
BISMARCK, N.D. (AP) — A federal judge is ordering protesters in North Dakota not to interfere with the construction of a $3.8 billion, four-state oil pipeline. U.S. District Court Judge Daniel Hovland granted the developer’s motion for a temporary restraining order Tuesday. Dakota Access filed a l..
Court Hearing Set for Friday on Effort to Halt Oil Pipeline in Iowa
DES MOINES, Iowa (AP) — As work progresses on an oil pipeline crossing Iowa, opponents are holding protest rallies and taking the state utilities regulators to court in hopes of stopping construction. A hearing is scheduled for Friday in Des Moines on a motion to stay construction on several ..
Oil Pipeline Construction Halted Amid Talks With Protesters
BISMARCK, N.D. (AP) —Developers of a $3.8 billion, four-state oil pipeline halted construction Tuesday while law enforcement and tribal leaders in North Dakota met to discuss a resolution to an ongoing protest. Morton County Sheriff Kyle Kirchmeier says he met with tribal leaders to “negotiate ..
Dakota Access Pipeline Owners Sue North Dakota Protesters
BISMARCK, N.D. (AP) — Developers of a $3.8 billion, four-state oil pipeline sued in federal court Monday to stop protesters near an American Indian reservation in North Dakota to stop interfering with the project, alleging the safety of workers and law enforcement are at risk. Dakota Access LLC fil..
Plans to Protect Rare Colorado, Utah Birds May Limit Pipeline ROW
DENVER (AP) — Federal land managers announced long-awaited plans to protect the rare Gunnison sage grouse, a bird found only in Colorado and Utah. The Bureau of Land Management released a nearly 1,000-page document late Thursday proposing restrictions on energy development, roads and grazing. The ..
Feds Probing if Fire at Texas Refinery Pipeline Connection Caused by Welder
NEDERLAND, Texas (AP) — Federal investigators are reviewing whether a welding contractor working on a crude oil pipeline connection under construction might have helped ignite a flash fire that injured seven people at a Southeast Texas refinery. The Beaumont Enterprise reports (http://bit.ly/2aTW1j..
PBF Logistics to Acquire Torrance Valley Pipeline Interest
PBF Logistics plans to acquire a 50% interest in Torrance Valley Pipeline Company (TVPC) from an affiliate of PBF Energy for about $175 million. The two companies expect to close the deal. TVPC owns the 189-mile San Joaquin Valley Pipeline system with a throughput capacity of 110,000 bpd. The syste..
Opposition to Oil Pipeline Heats Up in North Dakota, Iowa
BISMARCK, N.D. (AP) — American Indians blocked crews constructing the $3.8 billion Dakota Access oil pipeline in North Dakota on Wednesday, while Iowa landowners are asking a judge to halt work in their state until their constitutional challenges are heard. Law enforcement was called to keep the pe..
Caliber Bear Den Interconnect Pipeline Open Season Underway
Caliber Bear Den Interconnect LLC, a wholly-owned subsidiary of Caliber Midstream Partners, LP, has launched a binding open season to solicit commitments for a new Caliber Bear Den Interconnect Pipeline that will be constructed from the Enable Midstream Partners, L.P. Bear Den Gathering System in Mc..
Welspun Receives $47 Million to Build Oil Pipeline
LITTLE ROCK, Ark. (AP) – Welspun Tubular says it’s received a $47 million order to help build a 440-mile pipeline that will carry oil from Cushing, Oklahoma, to Memphis, Tennessee. Welspun and Diamond Pipeline LLC say the order accounts for approximately two-thirds of the pipe needed to build the D..
Enbridge-Marathon Company Buy Stake in Bakken Pipeline Project
Energy Transfer Partners and Sunoco Logistics Partners agreed to sell 36.75% of the Bakken Pipeline Project, which includes the Dakota Access pipeline and the Energy Transfer Crude Oil pipeline, to MarEn Bakken, jointly owned by Enbridge Energy Partners and Marathon Petroleum, for $2 billion in cash..
EnLink Midstream Forms JV with NGP to Expand in Delaware Basin
General partner EnLink Midstream and NGP Natural Resources XI formed a joint venture to operate and expand natural gas, natural gas liquids and crude oil midstream assets in the liquids-rich Delaware Basin. The new Lobo II expansion will include a cryogenic natural gas processing facility with capac..
Centurion Midstream Acquires Permian Crude Transport
Centurion Midstream Group acquired Permian Crude Transport, a growing provider of integrated crude logistics services with operations throughout the Permian Basin. PCT will operate as a separate, wholly owned subsidiary of Centurion, and Jarrett Vick will remain as its president. “Permian Crude Tra..
Pipeline Construction Equipment Damage is Suspected Arson
DES MOINES, Iowa (AP) — Machinery located at three oil pipeline construction sites in central Iowa was found extensively damaged by fire Monday in what the company building the pipeline called a shameful act. There’s little doubt the fires were intentionally set along the Dakota Access pipeline, sa..
Nigeria Loses 700,000 bpd Crude Output To Militant Attacks
Recent military attacks on oil infrastructure in Nigeria have dragged the country’s daily crude production down by 700,000 barrels per day (bpd), figures by the Nigerian National Petroleum Corporation (NNPC) show. Nigeria’s oil output is currently 1.5 million bpd compared to what would be a regular..
Coast Guard: Abandoned Pipe Leaks Oil in Southeast Louisiana
NEW ORLEANS (AP) — Cleanup was underway Tuesday on an oil spill caused by a leak from an abandoned pipeline in southeast Louisiana waters. The Coast Guard says the leak happened in an abandoned pipeline near marshland along Lake Grand Ecaille. The area of coastal marshes and open water is about 60 ..
Canada to Ban Rail Cars Involved in Fiery Crash
MONTREAL (AP) – Canada’s transport minister says the rail car model involved in a fiery crash that killed 47 people in Quebec three years ago will no longer be allowed to transport oil in Canada as of Nov. 1. Marc Garneau said Monday that older tankers, called DOT-111 cars, and a version jacketed w..
Environmentalists Take Aim at TransCanada Pipeline Project
BOSTON (AP) — Environmentalists are again taking aim at the company that proposed the Keystone XL pipeline — this time for another of its projects they fear would send hundreds of supertankers laden with crude oil down the Atlantic coast to refineries in Texas and Louisiana. TransCanada is behind t..
Dakota Access Pipeline Gets Federal Permit Approvals in Iowa
DES MOINES, Iowa (AP) — The Texas company planning a crude oil pipeline that will cut across Iowa received the final federal permit approvals Tuesday needed to proceed with construction. Documents posted by the Iowa Utilities Board show the U.S. Army Corps of Engineers approved 60 river crossings i..
Workers: Force Majeure at ExxonMobil Nigeria May Last Weeks
WARRI, Nigeria (AP) — The force majeure — or freedom from contractual obligations because of extraordinary circumstances — declared by ExxonMobil on Nigeria’s largest crude stream could last a month because of extensive damage to its 300,000 barrel-a-day Qua Iboe export terminal, workers of the U.S...
Husky Energy Says Crude Oil Leaked into River
MAIDSTONE, Saskatchewan (AP) — Canadian energy company Husky Energy says between 52,834 gallons (200,000 liters) and 66,043 gallons (250,000 liters) of crude oil and other material has leaked into the North Saskatchewan River in west-central Canada. Husky Energy said Friday that booms are being use..
Russia May Take Bourgas-Alexandroupolis Pipeline Off Shelf
An oil pipeline project that was suspended due to financial problems a few years ago may once again be on the agenda because of the latest events in Turkey. Bourgas-Alexandroupolis was conceived of as an alternative to transporting crude from Russia to the world via the Bosphorus strait, a congeste..
- 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
