Oil
Keystone Oil Pipeline Remains Shut After North Dakota Spill
The Keystone oil pipeline remains shut following a spill near Fort Ransom, North Dakota, with operator South Bow assessing return-to-service plans. The shutdown has raised concerns over crude supply disruptions to U.S. refineries.
Analysis: U.S. Refiners Unlikely to Spend Big to Process More Domestic Oil
U.S. refiners are holding off on costly upgrades needed to process more domestic light crude, citing long timelines, high costs, and regulatory uncertainty—posing a challenge to U.S. energy expansion plans.
Caspian Pipeline Resumes Partial Kazakh Oil Loadings After Russian Court Ruling
The Caspian Pipeline Consortium resumed loading oil at one of two previously shut Black Sea's moorings, it said on Wednesday, after a court lifted restrictions placed on the Western-backed group's facility by a Russian transport regulator.
Why Czechia Won’t Quit Russian Oil Despite Infrastructure Alternatives
Czechia has the infrastructure, reserves, and access to alternative suppliers to eliminate its Russian oil imports. Yet, three years into Russia’s full-scale invasion of Ukraine, the Czech Republic continues to delay this strategic shift, despite the availability of viable alternatives.
India, UAE to Build Sri Lanka Energy Hub with Pipeline, Storage Infrastructure
The energy hub in the strategically important city of Trincomalee, a natural harbor in the Sri Lanka's east, will involve construction of a multi-product pipeline and may include using a World War Two tank farm partly held by the Sri Lankan subsidiary of Indian Oil Corp.
Kazakh-Russian CPC Oil Exports via Black Sea Trimmed for April
Black Sea CPC Blend oil exports for April were revised down to 1.6 million barrels per day, or 6.2 million metric tons, from 1.7 million bpd in the preliminary plan, two sources said on Monday.
Oil Prices Slide 2% to Nearly 4-Year Low as U.S. Trade Conflict Fuels Recession Fears
Oil prices slid 2% to a nearly four-year low on Monday on worries U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and reduce global demand for energy.
Oil Sinks 8% on China Tariffs, Recession Fears Mount
Oil prices plunged nearly 8% as China announced sweeping tariffs on U.S. goods, fueling global recession fears and rattling energy markets. Brent and WTI hit four-year lows amid escalating trade tensions and OPEC+ supply moves.
Argentina Opens $1.4 Billion, 326-Mile Pipeline to Double Oil Export Capacity
Argentina has inaugurated a $1.4 billion, 326-mile oil pipeline from the Neuquen Basin to Puerto Rosales, doubling crude transport capacity to 540,000 bpd and boosting exports by up to $8 billion annually.
Brookfield to Acquire Colonial Pipeline in $9 Billion Deal Including Debt
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.
Permian Oil Growth Slows as U.S. Shale Hits Geological Limits
U.S. shale producers face rising costs and geological constraints in the Permian Basin, where aging wells yield more water and gas, signaling a potential peak in oil output.
ABB Digitizes IndianOil’s 12,400-Mile Pipeline Network with Nationwide SCADA System
ABB has implemented automation and digital systems across IndianOil’s 20,000-km pipeline network using its SCADAvantage platform, enhancing real-time monitoring, cybersecurity, and operational efficiency.
Canada's Trans Mountain Pipeline Sees Slower Ramp-Up, Trims Volume Forecasts
Trans Mountain has lowered its oil throughput and revenue forecasts through 2027 due to underused spot capacity and shipper resistance to higher tolls. Utilization is now expected to hit 96% by 2028.
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion, Sources Say
ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma’s Anadarko Basin inherited from its $22.5 billion Marathon Oil acquisition. The assets could fetch over $1 billion as part of the company’s $2 billion divestment plan.
Russia Shuts CPC Moorings, Cutting Kazakh Oil Exports Amid OPEC+ Quota Dispute
Russia has ordered the closure of two CPC moorings, cutting Kazakhstan’s oil export capacity and escalating tensions over OPEC+ production quotas. The disruption affects major producers Chevron and ExxonMobil, and could force output cuts if not resolved within days.
Global News April 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say
Brookfield Asset Management is nearing a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation network, for more than $9 billion including debt, sources say. A formal announcement could come within weeks.
Angry at Putin, Trump Warns of Tariffs on Russian Oil Imports
President Trump threatened secondary tariffs on Russian oil buyers if Moscow blocks efforts to end the war in Ukraine, expressing anger at Putin and warning of further trade penalties. The move could impact major importers like India and China.
China's Rongsheng Expands to Canada, Taps Suncor for Crude Supply
China's Rongsheng Petrochemical, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy, trade sources said.
Czechs to Phase Out Russian Oil as TAL Pipeline Expansion Goes Live
The Czech Republic will begin importing all crude oil through the expanded TAL pipeline starting in April, following the suspension of Russian supplies via the Druzhba pipeline. The move marks a key step in the country's energy independence from Russian oil.
Serbia Risks Oil Import Cut Off as U.S. Sanctions Deadline Nears
Serbia risks losing access to vital oil imports from Friday as discussions to prevent the imposition of U.S. sanctions on the country's sole oil refinery have failed, President Aleksandar Vucic said in a published interview.
Ironwood III Launches with Kayne Anderson Backing, Acquires Eagle Ford Gathering System
The newly formed company has acquired a crude oil gathering system spanning Atascosa, Frio, La Salle, and McMullen counties in South Texas.
Oil Loading Slows at Venezuela's Ports Amid U.S. Tariffs, License Termination, Data Shows
Oil exports from Venezuela are slowing as new U.S. tariffs disrupt trade and Chevron begins winding down operations in the country. Tanker data shows growing congestion at key ports as uncertainty over the tariff’s impact stalls shipments to major buyers like China.
EACOP Secures First Tranche of Funding for $5 Billion Uganda-Tanzania Pipeline
The company developing Uganda’s EACOP crude pipeline has closed the first allocation of external financing from a syndicate of institutions including commercial banks and Afreximbank, a statement from EACOP said on Wednesday.
Elliott Sues Phillips 66 Over ‘Gamesmanship,’ Seeks Nomination Rights for Four Board Seats
Elliott Investment Management has filed suit against Phillips 66, accusing the company of boardroom gamesmanship and seeking nomination rights for four director seats at the 2025 annual meeting.
Natural Gas Council Urges Trump to Advance Permitting, Energy Infrastructure
The Natural Gas Council (NGC) has outlined a five-point plan for restoring American energy dominance in a letter sent to President Donald J. Trump, voicing support for the administration’s pro-energy agenda and urging reforms that would accelerate U.S. natural gas growth.
TC Energy, Industry Leaders Call on Canada to Fast-Track Pipeline, LNG Projects
TC Energy and other Canadian energy leaders are urging federal political parties to fast-track pipeline and LNG development, calling for regulatory reform and investment incentives to boost Canada’s energy exports and economic sovereignty.
Enbridge’s Line 5 Could Be Fast-Tracked as Tribes Withdraw from Army Corps Review
All six Michigan tribal nations have exited the Army Corps' review of Enbridge’s Line 5 tunnel project, citing a flawed process, as the agency prepares to finalize its list of energy projects that could be fast-tracked under a national emergency declaration.
More European Refineries Face Closures or Conversion by 2035, Industry Panel Warns
European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.
Russia Seeks Approval for Congo Oil Pipeline Agreement with 25-Year Operation Term
The Russian government has submitted an agreement with the Republic of the Congo for ratification to the State Duma, outlining cooperation on the construction of a key oil products pipeline in the Central African nation.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
