Oil
Magellan Midstream to Redesign Proposed Voyager Crude Pipeline
After reviewing the results from an open season on Magellan Midstream's proposed Voyager Pipeline, the company has decided to redesign the project to develop a more "capital efficient solution."
Russia Signs First Tainted Oil Settlement Deal in Hungary
Russia and Hungary have signed their first compensation agreement for contaminated oil that flowed to Hungary on the Druzhba pipeline earlier this year.
Tallgrass Energy Secures Oil Shipper Contracts for Pony Express Pipeline
Tallgrass Energy has secured additional shipper contracts on its Pony Express Pipeline as it recontracts parts of the line.
Seaway Announces Upcoming Open Season
Seaway Pipeline Company has announced plans to hold an open season to gauge interest in a possible expansion of one of its crude oil pipeline systems.
Enterprise Midland-to-ECHO Pipeline System Expansions to Add 450,000 bpd Each
Enterprise's CEO reported on the company's earnings call that upcoming expansions on 2 of its pipelines will add 450,000 bpd of capacity to each line.
EPIC Crude Oil Pipeline Announces Third Open Season
EPIC has announced a third open season on its 400,000 bpd EPIC Crude Pipeline.
Small Oil & Gas Companies get Cold Shoulder from Big Banks
The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.
Dirty Oil Settlement Expected Between Lukoil, MOL
Russian oil producer Lukoil and Hungarian energy company MOL are reportedly set to sign a settlement deal over contaminated oil during Russian President Putin's visit to Budapest this week.
Crude-by-Rail Contracts Cause for Alberta Forecast Budget Deficit
Alberta, Canada is forecasting a budget deficit for 2019-20 caused in large part by crude-by-rail contracts with midstream companies signed in the midst of pipeline congestion.
Crude Flows to Houston Slow as Permian Pipelines Shift to Corpus - Data, Traders
Crude flows from the Permian into Houston have slowed recently as prices flowing to Corpus Christi have dropped making it more attractive to shippers.
Carlyle Group Quits $1 Billion U.S. Oil Export Project
The Carlyle Group has announced it is backing out of $1 billion oil export project near Corpus Christi, TX.
Equinor to Ship First Sverdrup Oil Cargo to China
Equinor is planning to ship its first cargo of crude from Norway's giant Johan Sverdrup field to China this week.
Ecuador State Oil Firm Reopens Oil Pipeline, Resumes Exports After Protests
Ecuador's state oil company has resumed shipping on a major oil pipeline after government protests forced it to declare a force majeure earlier this month.
TC Energy to Cut October Volumes on Keystone Pipeline After Force Majeure: Sources
TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snowstorm in Manitoba over the weekend, sources familiar with the matter said on Thursday.
TC Declares Force Majeure on Keystone Shipments after Storm
TC Energy Corp has declared force majeure on shipments on its 590,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations.
Pipeline Shipments from Kashagan Fall with Unplanned Maintenance
Pipeline shipments from Kazakhstan's giant Kashagan project have decreased since Oct. 6 due to unplanned maintenance, but the energy ministry said repairs were completed on Tuesday.
Phillips 66 Sets Rates for Gray Oak Crude Pipeline
— Phillips 66 Partners LP set spot rates of $4.75 a barrel to ship crude on its new 900,000-barrel-per-day (bpd) Gray Oak crude pipeline within points in Texas, according to a filing this week.
Rangeland Midstream Canada Begins Construction of Marten Hills Pipeline System
Rangeland Midstream Canada has commenced the construction of its Marten Hills Pipeline System.
ARB Midstream Announces Start-up of DJ Basin Crude Oil Gathering System
ARB Midstream subsidiary DJ South Gathering announced a key expansion of its fast-growing crude oil gathering and transportation system in the DJ Basin in northeastern Colorado.
U.S. Sanctions Turkish Energy Operations
The United States has sanctioned Turkey’s energy ministry in response to the Turkish cross-border offensive in northeast Syria, including BOTAS, which operates the country's gas infrastructure and is party to gas import contracts.
Kinder Morgan Takes Final Bow Out of Canada
A year after selling its Trans Mountain Pipeline system and expansion project to Canada’s government for $4.5 billion, U.S. operator Kinder Morgan is making its final exit from the “Great White North” with the $3.3 billion sale of Kinder Morgan Canada and the Cochin Pipeline system to Calgary-based Pembina Pipeline.
Swedish Teen Climate Activist Touring Dakotas Reservations
A 16-year-old climate activist who garnered international attention when she scolded world leaders at the United Nations is visiting American Indian reservations in the Dakotas to talk about oil pipelines.
Brazil's Mystery Oil Spills May Have Criminal Source: President
Brazilian President Jair Bolsonaro said on Tuesday the oil spills that have been contaminating the northeastern coast since the beginning of September appeared to involve crimes.
Tallgrass Announces Open Season for Pony Express Pipeline
Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), have announced a binding open season soliciting shipper commitments for crude oil transportation for near-term expansion on the Pony Express system from origin points in Wyoming to the McPherson refinery destination in Kansas.
Minnesota Regulators Restart Line 3 Pipeline Review Process
State utility regulators on Tuesday unfroze the approval process for Enbridge Energy's plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, directing a state agency to fix the deficiencies identified by a court in the project's environmental review.
Iran Building Oil Pipeline to Terminal Outside Gulf
Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.
Tallgrass Energy Announces Open Season on Pony Express Crude Oil Pipeline
Tallgrass Energy has announced a binding open season soliciting shipper commitments for crude oil transportation on its Pony Express Pipeline.
EIA Reports U.S. Oil Output Slides Again in July
U.S. crude oil output fell 276,000 barrels per day (bpd) in July to 11.81 million bpd, its third monthly decline from its record high in April at 12.12 million bpd, according to a U.S. Energy Information Administration monthly report released on Monday.
Occidental Completes Mozambique LNG Sale, Other Key Divestments
Occidental Petroleum Corporation (Oxy) has announced completion of the sale of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project to French major Total for $3.9 billion, the company said on Monday, along with the completion of other key divestment objectives following the recent close of its acquisition of Anadarko Petroleum in August.
Canada Regulator Stops Enbridge Mainline Contract Plan
The Canada Energy Regulator on Friday stopped Enbridge Inc from auctioning the right to send crude oil through its Mainline pipeline system due to the “perception of abuse of Enbridge’s market power.”
- 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
