Oil
U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. is buying another 3 million barrels of oil for the country's Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022.
Chinese Refiner Rongsheng Buys First Canadian TMX Crude Oil Cargo
Chinese refiner Rongsheng Petrochemical has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline from TotalEnergies through a tender, several trade sources said on Monday.
Navigating Small Diameter ILI Challenges in Crude Oil Gathering Systems
Bridger Pipeline operates a crude oil gathering system, of approximately 3,500 miles, in the Williston Basin of western North Dakota, eastern Montana and the Powder River Basin of Wyoming. The system contains many small-diameter (3-inch to 6-inch) gathering lines that are a challenge to inspect with ILI tools.
Chevron-led TCO Completes Maintenance at Tengiz Oilfield in May
TCO exports oil mainly via Caspian Pipeline Consortium's Black Sea terminal near Russian port of Novorossiisk. Some 5% of its crude exports also go through the Baku - Tbilisi - Ceyhan pipeline.
AltaGas and Vopak to Construct Major Energy Export Facility in British Columbia
Calgary-based AltaGas Ltd. and Royal Vopak from Rotterdam have jointly announced their decision to move forward with the construction of the Ridley Island Energy Export Facility in British Columbia, Canada.
Exxon and Chevron Pursue Big-Ticket Deals to Expand Oil Reserves
Cash-rich ExxonMobil and Chevron are bolstering their oil and gas drilling inventory with multibillion-dollar takeovers as they bet on resilient demand for years to come.
Colonial Pipeline Files for Rate Hike on 5,000-Mile U.S. Network, Effective July 1
The Colonial Pipeline, the largest pipeline system for refined oil products in the U.S., on Friday informed shippers that it has filed to increase rates for the majority of shipments on its more than 5,000-mile network.
STATS Group Expands Footprint with Key Projects Across Australia and Asia Pacific
Explore STATS Group's recent milestones in Australia and Asia Pacific, from groundbreaking pipeline projects to strategic expansions, positioning the company at the forefront of energy transition efforts.
Canada Increases Loan Guarantees for Trans Mountain Pipeline to $731 Million
The Canadian government has guaranteed another $731 million in commercial loans for the Trans Mountain pipeline expansion, Trans Mountain's quarterly earnings statement showed on Thursday.
Consolidation Trends Persist in U.S. Energy Sector in 2024
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.
Russia Condemns U.S. Actions on Russia-China Trade and Oil Tankers
U.S. plans to further curb the operations of Russia's so-called "shadow fleet" of oil tankers are unacceptable and its desire to impede Russia-China trade is part of an illegal trade war, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
Sudan Oil Pipeline Repair Near Completion, Says South Sudan Official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
Shell, Exxon Close to Selling North Sea Assets to Viaro Energy for $500 Million: Sources
Shell and ExxonMobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said.
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal Amid Ongoing Energy Mergers
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves.
U.S. Gulf Coast Hits Record High for Imports of Straight-Run Fuel Oil as Global Supply Jumps
Imports of straight-run fuel oil to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks, according to data from ship tracker Kpler.
Martin Resource Offers to Buy Remaining Stake in Martin Midstream Partners
Martin Midstream Partners said on May 24 it received a buyout cash offer of $3.05 per common unit from Martin Resource Management for all the units it does not already own.
Sudan Repairs Ruptured Oil Pipeline With Goals to Resume June 2024
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
Germany, Czech Republic Push EU To Eliminate Russian Oil, Gas Imports
Moscow has slashed gas exports to Europe since invading Ukraine in 2022, and an undersea explosion shut down the Nord Stream pipeline from former top gas supplier Russia to Germany. The EU has rapidly replaced Russian fuel with renewable energy and more gas from other suppliers. But the bloc still got 15% of its gas from Russia last year.
Iraq Calls For Urgent Meeting To Resume Iraq-Turkey Oil Pipeline Exports
Traffic via the Iraq-Turkey oil pipeline (ITP), which once handled about 0.5% of global oil supply has been halted, stuck in legal and financial limbo, since March 2023, and talks to resume the exports have stalled.
Argentina’s YPF Begins Building Vaca Muerta Oil Pipeline
The initial phase will run from Añelo in Neuquén to Allen in Río Negro, connecting with the Oldelval system, Argentina's largest oil pipeline network. This project aims to enhance the oil transportation system in the Neuquén basin, significantly boosting transport capacity to refineries and the port of Bahía Blanca.
Polish, Russian Pipeline Operators Agree On Solution To Keep Oil Flowing To Germany
PERN, Russia's state-controlled Transneft and Germany's PCK Schwedt refinery agreed that a non-Russian company will service the oil flow meters on the Polish part of the Druzhba pipeline, sources in Poland, Germany and Russia said.
Spain's Repsol Gets U.S. License to Expand Venezuela Oil, Gas Projects - Sources
Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.
Hess-Chevron Merger Vote Expected to Be Narrowly Approved
Hess Corp. CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp.
Canada Amends Trans Mountain Ownership Regulations to Facilitate Pipeline Sale to Indigenous Groups
Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according to an official government notice published on Wednesday.
Oil Executives Host Trump Fundraiser in Houston Amidst Fossil Fuel Policy Debate
The luncheon, which will be held at Houston’s Post Oak Hotel, is hosted by Harold Hamm, founder of Continental Resources; Kelcy Warren, executive chairman of Energy Transfer Partners; and Vicki Hollub, CEO of Occidental Petroleum, according to the invitation.
Saudi Crown Prince Assures Japan of Stable Oil Supply Amid Postponed Visit
The crown prince told Kishida that "Saudi Arabia remains committed to the stable supply of crude oil to Japan and that Saudi Arabia would like to cooperate with Japan in other areas including the field of clean energy," it said.
Argentina's Oil Output Hits Record High with YPF's New Pipeline Launch
Argentina's oil production in the key province of Neuquen reached a record high in April, driven by increased activity in the huge Vaca Muerta shale formation, the local government said on Tuesday, edging up to around 390,326 barrels per day.
First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load
Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline, ship tracking data showed.
Case Study: Risk Management for Valve Rupture Mitigation in Pipeline Operations
Discover how a U.S. transmission pipeline operator collaborated with Dynamic Risk to conduct a comprehensive risk analysis for valve rupture mitigation. Learn how geospatial data and advanced analytics were utilized to prioritize high-consequence areas and optimize risk management strategies.
Russia Remains China's Top Oil Supplier for 12th Consecutive Month in April
Russia was China's top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
