Oil
Magellan, Enterprise Announce Update on Terminal Transfers of Midland WTI AGC Futures
The waived transfer costs apply to EFP and ADP deliveries in addition to all volume that goes to delivery through the HOU futures contract and is executed in accordance with ICE’s rules and will remain in effect through March 31, 2023.
Kinder Morgan Says Oil Vessel Charter Rates Gain After Ukraine Crisis
Day rates for vessels that move oil and refined products between U.S. ports rose after the United States banned Russian oil and product imports this year, according to Kinder Morgan CEO Steven Kean.
Oil Turns Negative as OPEC Eyes Russia Suspension from Output Deal
Oil prices turned negative on Tuesday after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.
Croatia Ready to Increase Adriatic Oil Pipeline Capacity, Hungary Says
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline, Hungary's foreign minister said on Tuesday.
Iran Seizes Two Greek Tankers amid Row over US Oil Grab
Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the U.S. from a tanker held off the Greek coast.
Argentina Easing Energy Firms' FX Access to Spur Vaca Muerta Development
Argentina is easing access to foreign currency for oil and gas companies that increase production in the South American country, part of a bid to accelerate the development of the huge Vaca Muerta shale formation and trim reliance on costly imports.
TotalEnergies Places 3,500-km Nigerian Gas Pipeline Network Up for Sale
TotalEnergies has launched the sale of its 10% stake in Nigerian joint venture SPDC, which includes 3,500 km of pipelines that connects to two key crude export terminals, Bonny and Forcados.
Exxon Challenges California County's Denial of Oil Trucking Permit
Exxon Mobil Corp. has gone to court seeking to force local California government officials to allow shipment of crude oil from coastal facilities to inland refineries by dozens of tanker trucks a day until replacement of a pipeline that burst in 2015, causing a major spill.
US Oil Pipeline Operators Gear Up for Higher Shale Output
The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, signaling the end of desperate days for some Texas oil pipeline operators.
Biden Sidelined Global Energy Partners with Record Emergency Oil Release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own.
Japan to Ban Russian Oil Imports 'In Principle,' Prime Minister Says
Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
Energy Transfer Announces Higher Transportation Volumes for Q1 2022
Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.
MPLX to Move Forward with Permian, Bakken Pipeline Expansion Projects
MPLX LP will advance projects focused on expansions and reducing bottlenecking on its crude and natural gas long-haul pipelines in the Permian and Bakken, starting with the 450-mile Whistler pipeline that transports from the Permian to South Texas.
Enterprise Products Sees Volumes Rise 16% on Crude Pipeline
Enterprise Products Partners' reported volumes climbed 16% on its Midland-to-ECHO pipeline, which transports crude from the heart of the Permian basin to Enterprise's ECHO terminal in Houston.
Delek Logistics Acquires Permian Basin Gathering Assets in $624.7 Million Deal
The asset base includes approximately 485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120,000 bbl of crude storage capacity and 200,000 bbl/d of water disposal capacity.
EPIC Crude Delivers Record Volumes from Permian Basin, Eagle Ford
Formed in 2017, the company built and operates a 700-mile crude oil pipeline that extends from Orla, Texas, to the port of Corpus Christi, servicing the Delaware, Midland and Eagle Ford basins
Canadian 2021 Crude Imports Slid to Lowest Since 1988, Says CER
Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, the Canada Energy Regulator said .
CPC Pipeline Outage Forces Kazakhstan to Cut Oil Output by a Fifth
The former Soviet republic will have to cut its oil output by 320,000 bbl/d until repairs are done to fully restore capacity of the Caspian Pipeline Consortium's (CPC) Black Sea terminal.
US Oil Exports Surge, Drawing Crude Away from Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast.
Major Nigerian Pipeline Vandalized by Thieves, Huge Volumes of Crude Oil Stolen
The Trans Niger Pipeline, a major pipeline crisscrossing through the creeks of the country's Niger Delta region, has been vandalized by unknown criminals who have stolen huge volumes of crude oil pumped through pipeline.
Chevron 'Assessing' Status of Russian Terminal, Says Oil Pipeline Operating
Chevron holds a 15% stake in the Caspian Pipeline Consortium (CPC), which owns a 1,510-km (938 miles) pipeline that carries about 1.2% of the world's oil from oilfields in Kazakhstan to an export terminal in Russia.
Oil Jumps in Volatile Trade Amid CPC Pipeline Disruption
Russia warned of a drop in oil exports via the Caspian Pipeline Consortium (CPC) of up to 1 million barrels per day, or 1% of global oil production, because of storm-damaged berths.
Sanctions on Russian Oil, Gas Will Hammer Global Market, Novak Says
Germany halted the Nord Stream 2 gas pipeline project, which was designed to double the flow of Russian gas heading direct to Germany, after Russia formally recognized two breakaway regions in eastern Ukraine.
Russia Warns of Sharp Caspian Pipeline Oil Export Drop After Storm
A storm in Russia's section of the Black Sea has damaged loading equipment of CPC, one of the world's biggest oil pipelines which ships crude from Kazakhstan to global markets.
US Tells Buyers of CPC Oil to Be Wary of Suspicious Non-Russian Origin Papers
The U.S. Treasury told buyers to be cautious if they think certificates stating crude from the Caspian Pipeline Consortium is not of Russian origin have been falsified.
Eni Declares Force Majeure on Brass River Crude Exports Following Pipeline Blast
Italian energy group Eni declared force majeure on exports of Nigerian Brass River crude oil following a blast at a pipeline in Bayelsa state that a Nigerian industry body blamed on vandalism.
Fossil Fuel Production to Reach New Highs in 2023
After declining in 2020, the combined production of U.S. fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 quadrillion Btu.
Norway's Equinor Confirms Trading Halt in Russian Oil
Equinor said that it had contractual commitments which it struck prior to Russia's invasion of Ukraine, under which it was to receive four oil cargoes in March.
New Midstream Heavy Crude Oil Processing Technique for Transportation
Transporting heavy crude oils through pipeline or by other transportation means is challenging, often requiring the petroleum industry to distribute via truck or rail and adding significant expense and hazards to transportation.
Canada Looking at Boosting Oil Pipeline Flows to US, Says Minister
Canada is studying ways to increase pipeline utilization to boost crude exports to the U.S., with the aim of helping European countries that phase out imports of Russian 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
