Oil
Record US Crude Exports, Rising Shale Output Boosts Oil Flow to Houston
Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.
Republicans Ask Watchdog to Assess US Oil Reserve Management
Two Republicans on Monday asked a congressional watchdog to assess the Biden administration's management of the Strategic Petroleum Reserve and audit its modernization program, saying sales from the SPR have undermined U.S. energy security.
Iraq Asks Turkey to Resume Northern Oil Export Pipeline
Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.
Regulator: Nigeria's April Oil Production Below 1 MMbpd
Nigeria's oil production fell below 1 million barrels per day (bpd) in April, its lowest level in seven months, data from the petroleum regulator showed on Thursday, after a strike at Exxon Mobil's local units hit the country's output.
White House Backs Manchin on Expediting Energy Project Permits, Calls on Congress to Pass Bill
The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects, betting that the bipartisan measure may help end a standoff on the debt ceiling. The bill also calls for the completion of the $6.6 billion Mountain Valley Pipeline.
Russia's Transneft Says Druzhba Pipeline 'Attacked' Near Ukraine Border
Russia's oil pipeline operator Transneft said on Wednesday that a filling point on the Europe-bound Druzhba pipeline in a Russian region bordering Ukraine had been attacked, the TASS news agency reported, citing the company.
Focus: BP Ventures Back into Oil Frontiers to Boost Output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
Congo in Discussions with Uganda Over Use of 898-Mile Crude Pipeline
Uganda is developing the $3.5 billion 1,445-km (898-mile) East African Crude Oil Pipeline (EACOP) that will start from oil fields in its Albertine rift basin on its western border with Congo to Tanzania's Indian Ocean seaport of Tanga.
Chile, Argentina’s YPF Ink Deal to Import Oil via Trasandino Pipeline
The contract, which is valid for 45 days, would enable the Chilean firm to buy 41,000 barrels of oil per day between May and June.
Pipeline Operator Kinder Morgan Begins Commercial Operations at Renewable Fuels Logistics Hub
(P&GJ) — Kinder Morgan Inc. has announced the commercial in-service of its renewable feedstock storage and logistics hub project with Neste, a leading provider of renewable diesel and sustainable aviation fuel.
Pembina Pipeline Activates Emergency Procedures After Fire, Floods Ravish Western Canada
Pembina Pipeline Corp., which operates oil-gathering pipelines in the region, said it has activated emergency response and incident management processes and is "evaluating any current or anticipated operational impacts".
Pipeline Operator Enbridge Reaches Mainline Toll Agreement with Oil Shippers
Canada's Enbridge Inc. said on Thursday it has reached a toll agreement with oil shippers for its Mainline crude pipeline system, one of North America's biggest, after scrapping earlier plans for long-term contracts.
Magellan Reports Higher Revenues to Transport Crude, Fuel in Q1
Magellan Midstream Partners on Thursday reported higher revenues to transport crude oil and refined products in the first quarter and raised its distributable cash flow guidance for the year.
As Oil Output Peaks, US Gulf of Mexico Makes Room for Carbon Capture
Some companies, including Exxon Mobil Corp., have been dumping assets in the Gulf, the nation's primary offshore source of oil, and are instead targeting capturing and storing carbon dioxide and other greenhouse gases underground.
Enterprise Products' Oil Pipeline Volumes Rise on Permian Basin Output Growth
Enterprise has remained bullish on oil production from the Permian basin, spread across Texas and New Mexico, and is looking to build a crude oil export terminal on the Gulf Coast to help push some of those barrels into the foreign market.
US Confiscates Iran Oil Cargo on Tanker Amid Tehran Tensions
The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanction’s enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.
Shell's Zydeco Pipeline Shut on April 25 After Oil Leak
Shell Pipeline Co.'s Zydeco oil pipeline — which alleviates transportation bottlenecks of crude arriving in Houston from the Eagle Ford, Permian and Bakken regions — was shut on April 25 after a limited release of crude oil was detected in the Intracoastal Waterway.
Hess, Exxon Make New Oil Discovery in Guyana’s Stabroek Block
The discovery on the group's Stabroek Block is the latest of more than 30 in the South American country's offshore waters since 2015. Hess holds a 30% stake in the consortium and said the discovery may help justify a new oil project.
EIA: US Oil Stocks Draw Across the Board as Gasoline Demand Rebounds
U.S. crude oil and gasoline inventories fell more than expected last week, as demand for the motor fuel picked up ahead of the peak summer driving season, Energy Information Administration data showed on Wednesday.
Shale Producer Pioneer's CEO Scott Sheffield to Retire
Sheffield, an energy veteran, served as Pioneer’s founding CEO from 1997 to 2016 and chairman since 1999. He stepped down from the CEO role in 2016 before returning to the helm three years later.
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
Record Oil-Reserve Sales May Have Benefited US Storage Caverns
Last year's record drawdown of the U.S. Strategic Petroleum Reserve oil stocks may boost the longevity of the underground storage caverns, according to the national laboratory that monitors the four sites.
First Nations: Canada’s New Infrastructure Power Brokers
(P&GJ) — After decades of largely contentious relations between Indigenous groups and energy infrastructure developers, Canada’s First Nations are beginning to embrace the economic opportunities that pipeline and export projects can offer – a trend that could make it easier to approve and complete future projects.
US Crude to Dominate Brent Oil Benchmark Under Index Change
Texas crude is set to assume a key role in the world's most important benchmark — Brent — as oil-index publisher S&P Global Platts adds U.S. WTI Midland crude to its dated Brent oil price assessment for June deliveries.
Cenit: Colombia's Transandino Oil Pipeline Bombed
The Transandino Pipeline runs along Colombia's border with Ecuador, taking up to 85,000 barrels of crude per day to an export terminal in Tumaco, a Pacific port in the country's Narino province.
Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
Canada's TC Energy on Friday said a 14,000-barrel oil spill from its Keystone pipeline in rural Kansas in December was primarily due to a progressive fatigue crack, which originated during the construction of the pipeline.
Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
Chad has recalled its ambassador to neighboring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy.
Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
The suspension of pumping operations at Colombia's Cano Limon-Covenas oil pipeline will be prolonged after a new bombing attack damaged its infrastructure in the country's Arauca province, oil transportation company Cenit said.
Biden Administration Says Republican Concerns About Oil Reserve Damage Unfounded
The Biden administration said concerns of Republican lawmakers that last year's record drawdown of oil from the Strategic Petroleum Reserve damaged the system's delicate salt caverns were unfounded, a letter seen by Reuters on Wednesday showed.
Permian In Spotlight as Energy Dealmaking Gathers Steam
Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt cash-rich drillers to tap into the largest source of shale oil.
- 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
