Oil
Russia's February Oil Exports Revised Up 19% Amid Refinery Cuts
Pipeline operator Transneft has revised upwards plans for crude oil exports from Russia's western ports in February by 300,000 barrels per day (bbl/d) because of lower output from refiners, traders said and Reuters calculations showed.
China Hits Back at Trump with Tariffs on U.S. Crude Oil and LNG Imports
The trade in crude oil and liquefied natural gas between the United States and China is effectively dead after Beijing responded to President Donald Trump's tariffs with measures of its own.
Enterprise’s Big U.S. Oil Export Project Stalls on Lack of Buyers
Enterprise’s SPOT crude export project off Texas has stalled due to a lack of customer interest, with CEO Jim Teague citing regulatory delays and shifting oil flows. The company may shelve the project if demand doesn’t materialize.
Senate Confirms Chris Wright as Trump’s Energy Secretary
The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump's energy secretary.
India Allocates $647 Million for Strategic Oil Reserve Purchases
India will provide 55.97 billion rupees ($646.78 million) support for purchase of oil for the country's strategic petroleum reserves (SPRs), the budget document showed on Saturday.
Nigeria to Block Oil Exports for Producers Who Fail to Meet Refinery Quotas
Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa's largest.
Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
President Donald Trump’s recent executive order has revived discussions about the 1,200-mile Keystone XL pipeline, a long-debated oil project that has faced political and environmental scrutiny.
Global News February 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Changes Underfoot in the Appalachian Basin
Local and regional leaders in the oil and natural gas industry continue to see great potential for growth in the Marcellus Shale and Utica Shale formations of the Appalachian Basin.
Ex-IEA Oil Chief Urges Agency to Prioritize Oil, Gas Over Renewables
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
Enterprise, ONEOK Extend Fee Waiver for Midland WTI Transfers Through 2028
Enterprise Products Partners and ONEOK Inc. have extended their fee waiver for crude oil transfers between the Enterprise Crude Houston (ECHO) and ONEOK East Houston (MEH) terminals through Dec. 31, 2028.
Diversified Energy Strikes $1.3 Billion Deal for Maverick in Permian Basin Expansion
U.S.-based Diversified Energy said on Monday it will buy private equity-owned Maverick Natural Resources for $1.28 billion, including debt, to expand into the oil and gas-rich Permian Basin, sending its shares up 4.3%.
Revisiting the Biggest Midstream Stories of 2024
(P&GJ) – In this final issue of P&GJ for 2024, the staff – with more than a little help from our readers – takes a look back at the sometimes-frenzied year for pipeline construction that was 2024.
Oil Prices Drop as Trump's Energy Emergency Sparks Doubts Over SPR Refill Plans
Oil prices fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, raising concerns of higher U.S. output in a market widely expected to be oversupplied this year.
Texas Ports Suspend Operations as Winter Storm Hits Gulf Coast
Port Freeport on Tuesday said it expects limited vessel activity due to cold weather conditions in the Texas Gulf Coast area amid winter storm Enzo.
Aramco CEO Projects 1.3 Million bbl/d Oil Demand Growth in 2025
Saudi oil giant Aramco's CEO Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year.
Trump Administration Must State Its Position on Climate and Energy
In a speech to announce the U.S.’s Fifth Climate Assessment on Nov. 14, 2023—a report that was compiled by more than 700 climate scientists and thousands of contributors— President Joe Biden stated that the greatest existential threat to the U.S. and humanity is the “climate crisis.”
Report: Trump to Declare 'National Energy Emergency'
President-elect Donald Trump said on Monday he will declare a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers.
Cold Weather Shuts Down 12% of North Dakota Oil Output
North Dakota's oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state's pipeline authority said on Monday.
API and States Sue to Reverse Offshore Oil, Gas Leasing Ban
The American Petroleum Institute has joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters.
Trump Interior Nominee Advocates Aggressive Drilling on Federal Lands
Donald Trump's pick for secretary of the interior, Doug Burgum, said on Thursday he will vigorously pursue the president-elect's goals of maximizing energy production from U.S. public lands and waters, calling it key to national security.
EIA: U.S. Crude Stocks Hit 2-Year Low on Rising Exports, Falling Imports
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.
EIA Forecasts Oil Price Declines in 2025 and 2026 Amid Global Oversupply
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
Peru’s Bretaña Crude Gains Traction Among U.S. Refiners Amid Mexican Supply Decline
Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude.
Guyana Exports 225 Crude Cargoes in 2024, Boosted by Exxon’s Ramp-Up
Guyana exported 225 cargoes of crude oil in 2024, its energy minister said on Tuesday, as a consortium led by U.S. major Exxon Mobil continued ramping up production and completed an update at its facilities.
Diamondback Energy Warns of Lower Q4 Oil Prices
U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months.
Pipeline Upgrade Ends Czech Republic's Reliance on Russian Oil
Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude, Prime Minister Petr Fiala said on Tuesday.
Dozens of Oil Tankers Drop Anchor After U.S. Sanctions Tighten
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.
Plains All American Launches Year's First M&A Bond with $1 Billion Offering
U.S. integrated midstream infrastructure company Plains All American Pipeline on Monday priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Tougher U.S. Sanctions to Limit Russian Oil to China, India, Boost Middle East Demand
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
