Oil
Biden Angers All Sides with Scaled Back Offshore Oil Drilling Plan
The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming.
898-Mile Uganda–Tanzania Oil Pipeline Nearing Completion, Set for 2025 Debut
The 1,445-kilometer (898-mile) East African Crude Oil Pipeline (EACOP) that will transport crude from Tilenga and Kingfisher is set to come online in 2025, Uganda National Oil Co.'s chief executive said in an interview.
Turkey to Resume Operations of Iraq Oil Pipeline This Week
Turkey will restart operations this week on a crude oil pipeline from Iraq that has been suspended for about six months, Turkey's Energy Minister Alparslan Bayraktar said on Monday.
Oil Pipeline Rupture in Western Ukraine Injures Nine, Triggers Fire
An oil pipeline ruptured in western Ukraine on Saturday, injuring nine people, including four children, and triggering a large fire, the regional governor said.
US Crude Production Climbs to Near Record High in July
U.S. crude oil output grew in July to near its pre-COVID peak in 2019, fueled by a record level of production from Texas, the top U.S. shale oil producer, the U.S. Energy Information Administration said on Friday.
LM Energy Sells New Mexico Oil Gathering Assets, Including 130 Miles of Pipelines
(P&GJ) — LM Energy Holdings LLC has entered into definitive agreements to sell certain subsidiaries and assets related to its Touchdown Crude Oil Gathering System in Eddy and Lea counties, New Mexico.
Cushing Oil Hub's Low Levels Spur Quality, Operational, Price Worries
U.S. crude stockpiles at the key Cushing, Oklahoma, storage hub are at their lowest in 14 months due to strong refining and export demand, prompting concerns about the quality of the remaining oil and the potential to fall below minimum operating levels, traders and analysts said.
Trans Mountain Pipeline Route Change Request Approved by Canadian Regulator
The Canada Energy Regulator (CER) approved a route change request for the Trans Mountain oil pipeline expansion on Monday, clearing a major hurdle and avoiding months of delay for the Canadian government-owned project.
Russian Oil Producers Send CPC Blend to UAE, Open New Export Route
Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.
FACTBOX: Deals on the Rise in US Oil and Gas Pipeline Sector
The oil and gas pipeline business has seen increased consolidation this year as U.S. production grows and new pipeline permitting problems have made existing operators more valuable.
Pipeline Operator Enbridge Could Add 200,000 bpd to Mainline Oil Pipeline Capacity
Enbridge Inc. could add 200,000 barrels per day (bpd) of capacity to its 3 million bpd Mainline system, which ships the bulk of Canada's crude exports to the United States, a company executive said on Tuesday.
P&GJ’s Europe 500 Report of Top Pipelines
(P&GJ) — Following is a listing of some of the longest transportation routes on the continent of Europe as of July 2023. This third such report will be broken down into two sections, gas and liquids (oil and products), which will be updated in each of our September issues going forward.
Trans Mountain Pipeline Expansion to Disrupt Oil Flow to US, Boost Prices
Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.
U.S. Lawmakers Urge Biden to Revive Kurdistan Pipeline for Economic Relief
A new U.S. approach is needed to facilitate the re-opening of a pipeline between Iraq's northern semi-autonomous Kurdistan region and Turkey, a trio of U.S. congressmen urged President Biden in a letter seen by Reuters.
Canada's Trans Mountain Oil Pipeline's Faces Hearing on Route Change Dispute
Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline.
Editor's Notebook: Colorado’s Bold Initiative
(P&GJ) — The Colorado Air Quality Control Commission (AQCC) recently adopted rules aimed at increasing repair inspections and leak detection at oil and gas facilities throughout the state. While these new guidelines do not affect midstream directly, there are implications for the sector due to the growing emphasis on carbon-capture and related pipelines.
Turkish Minister: Iraq-Turkey Oil Pipeline Ready to Resume Operations Soon
Iraq's northern oil export route through Turkey will soon be ready to resume operation after checks on pipeline maintenance and repairs to flood damage, the Turkish energy minister said.
Trans Mountain Asks Regulator to Approve Oil Pipeline Tolls Despite Shipper Complaints
Trans Mountain Corp., the oil pipeline company owned by the Canadian government, asked a regulator on Thursday to approve the proposed tolls it wants to charge shippers, who have said they are too high.
US Contacts Oil Producers, Refiners as Gasoline Prices Rise
The head of the White House Council of Economic Advisers said that the U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies during rising gasoline prices.
EIA: Global Oil Stockpiles to Fall After Saudi Output Cut
Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while U.S. crude production is forecast to rise more than previously thought, the Energy Information Administration said in a monthly report on Tuesday.
Trans Mountain Pipeline May Face 9-Month Delay Over Route Dispute
The Trans Mountain oil pipeline expansion could be delayed by up to nine months if regulators do not approve a route deviation request, the Canadian government corporation building the project said in a regulatory filing on Monday.
US Army Corps Holds Off Endorsing Energy Transfer’s Dakota Access Oil Pipeline Alternative
On Friday, the U.S. Army Corps of Engineers released a draft environmental impact statement (EIS) for Energy Transfer's Dakota Access oil pipeline. The statement evaluated five alternatives, including options like abandoning or rerouting the pipeline, but it did not make any recommendations.
Kingston Midstream to Acquire Rangeland Midstream’s Marten Hills Pipeline System
(P&GJ) — Midstream assets included in the transaction consist of the Marten Hills Pipeline System, comprised of crude oil and condensate pipelines, both 82 kilometers (51 miles) in length, and related assets serving the core of the Marten Hills region of north central Alberta in the prolific Clearwater play.
EIA Says Depleting US Crude Inventories Lift Oil Prices
U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a sense the market is tightening and driving a recovery in spot prices and calendar spreads.
Trans Mountain Pipeline Expansion Faces Further Delays Over Route Change Dispute
Trans Mountain Corp. fears that the expansion of its Canadian oil pipeline may be delayed further unless a regulator allows it to change its route in British Columbia, according to a First Nation that opposes the route adjustment.
Kinder Morgan Prepares to Close Florida Pipeline System Ahead of Hurricane Idalia
U.S. oil producer Chevron on Tuesday said it evacuated staff from three U.S. Gulf of Mexico oil production platforms while Kinder Morgan planned to shut its Central Florida Pipeline system, as the energy companies braced for Hurricane Idalia.
Tivoli Midstream Acquires 140-Mile Oil Pipeline System from Phillips 66
(P&GJ) — Tivoli Midstream LLC has announced the closing of an acquisition of a crude oil pipeline system in Northern Texas (NTX) from affiliates of Phillips 66. NTX consists of approximately 140 miles of crude oil gathering and transportation pipelines and storage capacity in the Barnett Shale area of Northern Texas.
Pemex Crude Processing Slides in July, Production Lowest This Year
Crude processing at Mexican state oil company Pemex's domestic refineries fell in July to 768,732 barrels per day (bpd), well below the goal of 1 million bpd set by the government in its effort to make the country self-sufficient in energy next year.
Oil Leak Detected in Iran's Pipeline Between Kharg Island and Genaveh Port
An oil leak has hit a transmission pipeline linking Iran's Kharg island to the country's mainland port of Genaveh, the semi-official Tasnim news agency reported on Sunday, without specifying the magnitude of the spill.
Draft Environmental Study on Dakota Access Pipeline Expected in Fall
A U.S. court last year ordered the federal government to undertake a more intensive environmental study of the pipeline's route under a lake that straddles the border of North Dakota and South Dakota.
- 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
