Oil
Seaway to Extend Open Season
Seaway Crude Pipeline Company LLC has announced an extension of a binding open season currently under way for committed service on expansion capacity of its system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy approved the construction of 1 million barrels of new tankage at its Hardisty Terminal.
Mercuria Plans to Compete for South Texas Oil-Trading Hub
Commodities trader Mercuria Energy Group expects to open a new U.S. Gulf Coast crude oil storage facility next year that could compete to become a trading hub for shale oil, the Swiss company’s investment chief said.
Oil Prices Rise, Fall on Eve of Trade Deal
Crude oil prices surged in early January and retreated by mid-month after a U.S. drone strike on Iran’s top general and a retaliatory missile strike on an Iraqi military base. The initial strike caused the largest one-day price spike since September, when an Iranian drone hit a Saudi Aramco facility.
TC Energy Files to Reduce Toll on Canadian Mainline Pipeline
TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.
Trans Mountain Pipeline Cost Jumps by Two-Thirds to C$12.6 Billion
The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.
ARB Midstream Announces New Connection to Pipeline System in DJ Basin
DJ South Gathering, LLC, a subsidiary of ARB Midstream, LLC has announced an expansion of its crude oil gathering and transportation system in the prolific DJ Basin in northeastern Colorado.
Noble Midstream and Greenfield Midstream Exercise Saddlehorn Option
Noble Midstream Partners LP (Noble Midstream) and Greenfield Midstream LLC “Greenfield Midstream) have acquired a 20% interest in the Saddlehorn Pipeline through their Black Diamond Gathering LLC (Black Diamond) joint venture.
Plains All American Pipeline Volumes Get Boost from Cactus II
Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.
Russia, Belarus Leaders Meet Amid Oil Supply Tensions
The presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, will meet on Friday, the Kremlin said, as the oil row between the two rolls into a second month, forcing Minsk to look for crude from as far afield as the United States.
Canadian Court Dismisses Challenge to Trans Mountain Expansion
Canada's Federal Court of Appeal on Tuesday dismissed a challenge to the approval by Prime Minister Justin Trudeau's government of the Trans Mountain oil pipeline expansion, clearing some uncertainty from the project.
Explorer Pipeline Launches Open Season on Explorer Pipeline System
Explorer Pipeline Company (Explorer) has announced a binding open season to secure shipper commitments to support the development of proposed new transportation service on Explorer’s pipeline system from its existing U.S. Gulf Coast receipt points to a new destination point in Galena Park, Texas (Project).
Enbridge Line 3 Receives Minnesota Regulator Approval
A Minnesota regulator ruled on Monday that a revised environmental impact statement for Enbridge Inc’s Line 3 oil pipeline replacement is adequate, helping to clear a significant hurdle for the long-delayed project .
Canada’s Imperial Oil: 'It Makes Good Economic Sense' to Move Crude by Rail
Canada's Imperial Oil Ltd on Friday vowed to move more crude-by-rail to take most advantage of exemptions on production curtailments imposed by the Alberta government.
Russia's Transneft Faces up to $1 Billion in ‘Dirty Oil’ Claims: Sources
Russian oil pipeline monopoly Transneft faces claims of up to $1 billion related to contaminated oil, more than double its own estimates, industry sources said, setting the stage for protracted haggling with oil suppliers.
Enbridge Defends Long-Term Mainline Contract Plans Amid Criticism
Facing criticism, Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network was fair and would benefit the western Canadian industry.
Kazakhstan Halts Contaminated Oil From Spreading Outside the Country
Kazakhstan has contained the spread of contaminated oil within its borders by reducing exports to China and altering the schedule of supplies to domestic refineries, energy ministry and pipeline operator KazTransOil said on Wednesday.
MPLX Says Reversed Capline Pipeline to Begin Light Crude Service in Mid-2021
MPLX LP said on Wednesday the reversal of the Capline pipeline was progressing as planned, with the line on track to begin light crude service in mid-2021 and heavy crude service in 2022.
CN Rail Expects Crude Shipments to Drive Growth in 2020
Benefiting from congested pipelines, Canadian National Railway said it sees crude shipments as a growth driver in the year. Alberta eased curtailments in October, allowing producers to ship additional oil by rail.
Qatar Rejects India Proposal to Delink LNG Deals from Crude
India wants Qatar to delink the price of its imported gas from that of oil under long-term deals to make supplies cheaper, India's oil minister said, but Qatar isn't interested in renegotiating.
Total, Tullow Launch Joint Sale of Stakes in Kenyan Oil Project - Sources
Total and Tullow Oil aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said.
Belarus Looks to U.S., Middle East as Possible Alternative to Russian Oil - Belta
Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency reported.
Trump Administration Approves Keystone XL On US Land
The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom.
Centurion Pipeline Announces Successful Open Season for Augustus Pipeline
Centurion Pipeline has announced the successful completion of its binding open season for the Augustus Pipeline.
Kazakhstan Cuts Oil Exports to China After Contamination Detected — Sources
Kazakhstan reduced oil supplies via the Atasu-Alashankou pipeline to China on Tuesday after tests carried at the end of the last week showed a high content of organic chloride, three trade sources familiar with the matter told Reuters on Tuesday.
U.S. Shale Oil, Natural Gas Output Growth to Hit Slowest in a Year — EIA
U.S. oil and natural gas output in major shale formations is expected to rise by the smallest in about a year in February to record highs, the U.S. Energy Information Administration (EIA) said on Tuesday, as producers pull back on new drilling.
Pipeline Closure Risks Taking Libya's Oil Offline
Military forces loyal to Khalifa Haftar closed a pipeline in Libya on Sunday, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
Tallgrass Sets Open Season for Pony Express Commitments
Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, announced a binding open season soliciting shipper commitments for crude oil transportation from Pony Express’ Sterling origin to destinations in Cushing, Okla., in exchange for volume incentive tariff rates. The open season will run to Jan. 29.
Moda Midstream to Evaluate New Pipeline as Part of Expansion
U.S. oil export terminal operator Moda Midstream said it has begun to enhance its Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to allow the docking of larger-sized vessels and is considering a new pipeline as well.
Niger Looks to Step Up Oil Production with Pipeline to Coast
Niger began construction on a $7 billion oil pipeline that will reach the coast through West African neighbor Benin. The 1,232-mile (1,982-km) pipeline is Niger’s most important project since gaining independence.
- 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
