Oil
ConocoPhillips Sees Global Oil Demand Returning, Executive Says
U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.
Norway Could Cut 22% of Oil and Gas Output if Workers Strike
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association said.
Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand
Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.
Ingleside Pipeline Begins Shipping to Moda's Ingleside Energy Center
Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream.
Energy Execs Think U.S. Oil Production Has Peaked - Fed Survey
Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday.
U.S. Crude Oil Exports Continue Monthly Decline Since February Record High
U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, but still outpaced 2019 volumes through midyear.
U.S. Charges Former Manager of European Oil Firm over Graft in Ecuador
The U.S. Justice Department has charged a former manager of a European oil trading firm with paying bribes of $870,000 to help win a contract from Ecuador's state-run oil firm.
MPLX Announces Binding Open Season, Expansion of SLC Pipeline System
Marathon Petroleum's midstream division has launched a binding open season for a proposed expansion of its SLC Pipeline System.
Venezuela's PDVSA to Sell Crude to Iran — Source
According to sources, Venezuela state-owned oil firm PDVSA is preparing to sell a cargo of crude oil to Iran, under threat of U.S. sanctions.
Dakota Access Flows Safe Through 2020 — Court Schedule
The Dakota Access pipeline will be able to continue flows until late December 2020 at the earliest, according to a federal court schedule released last week.
Lower Canada-U.S. Crude Flows Draws Down on Cushing Glut
Weakened crude oil flows from Canada to Cushing, Oklahoma have helped drawdown on a surplus of fuel at a major industry storage hub over the past two weeks, according to industry traders.
PowerChina Eyes Rail Project to Transport Oil and Gas From Argentina's Vaca Muerta
Chinese energy firm PowerChina is in talks to finance a rail project to transport oil and gas from Argentina's Vaca Muerta shale play to the port city of Bahia Blanca,
Colombia's Ecopetrol Says Illegal Siphoning of Oil Pipelines Rose in 2020
Columbia's state-owned Ecopetrol says it is losing an average of 2,500 barrels of oil per day from thieves illegally siphoning fuel out of the company's pipelines.
Fossil Fuel Demand to Take Historic Knock Amid COVID-19 Scars — BP
BP is expected fossil fuel consumption to shrink for the first time in history as the pandemic has destroyed global energy demand and climate policies boost the development of renewable energy.
OPEC Cuts Oil Demand Forecasts
The OPEC group is predicted a continued slump in oil demand due to the difficulties facing many developing countries, particularly India, in containing and recovering from the coronavirus pandemic.
Uganda, Tanzania Sign Agreement for Pipeline Construction
Uganda and Tanzania have signed an agreement to build a crude oil export pipeline to carry Ugandan oil to an export facility in Tanzania.
Genesis Energy Oil Pipeline Unlikely to be Restored Before October
An oil pipeline owned by Genesis Energy in the U.S. Gulf of Mexico is unlikely to return to operations before October 1, the company said in a statement on Thursday.
Enbridge To Resume Operation of East Segment of Line 5
Enbridge has announced it is restarting the east segment of its Line 5 oil pipeline in Michigan.
Inland U.S. Refinery Closures Good Magellan Pipeline Systems — CEO
The closure of some U.S. oil refineries will be a boon to Magellan Midstream's oil pipeline systems, the company's CEO said on Wednesday.
Plains All American CEO Sees Further Consolidation in Pipeline Industry
The CEO of Plains All American said on Wednesday that the pipeline industry should expect more consolidations in the near future as low oil prices continue to hinder growth in the industry.
Energy Transfer Expects Dakota Access Pipeline Expansion Operational by Late 2021
Energy Transfer told investors on Tuesday that it expects the expansion of its embattled Dakota Access oil pipeline to be operational by the end of next year.
Anatomy of Frustration: Atlantic Coast and Dakota Access Pipelines
In early July, the U.S. pipeline industry faced down a one-two punch as the $8 billion Atlantic Coast Pipeline was canceled and a federal judge ordered the Dakota Access pipeline shut down.
And Our Readers Say …
A recent survey of Pipeline & Gas Journal readers showed a clear majority of respondents believe the lingering effects of the coronavirus and recent developments concerning Dakota Access and Atlantic Coast pipelines have dealt a serious one-two punch to midstream businesses.
Oil Falls after Saudi Cuts Prices, China Slows Imports
Oil prices fell on Monday as Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and uncertainty over Chinese demand clouds the market's recovery.
Michels Corporation Selected by TC Energy to Build Facilities on Keystone XL
Michels has been selected by TC Energy to build several pump stations along the Keystone XL pipeline.
San Mateo Midstream Provides Pipeline, Black River LNG Updates
San Mateo midstream provided updates on Tuesday to several of its ongoing pipeline projects as well as on the expansion of its Black River LNG plant in New Mexico.
Imperial Shuts Kearl Oil Sands Operations After Pipeline Outage
Imperial Oil announced on Wednesday it has shut production at its Kearl oil sands production site in Canada due to an outage on a third-party pipeline.
Phillips 66 Partners Announces Open Season for Gray Oak Pipeline
Gray Oak Pipeline has launched an open season to solicit transport interest on the Phillips 66 pipeline from West Texas to a new destination in Victoria, TX.
U.S. Energy Exports Severely Disrupted by Hurricane Laura
Hurricane Laura severely impacted U.S. oil and gas exports this week as the Category 4 storm forced the closure of several facilities on the country's Gulf Coast.
Pipeline Tunnel Supporters, Foes Clash Before Michigan Panel
Supporters and opponents of a tunnel to house an oil pipeline crossing the Straits of Mackinac in Michigan appeared before a regulatory panel on Monday to present their arguments.
- 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
