Oil
Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit
Brazil’s state-run oil firm Petrobras was cleared to move forward with the sale of its TAG pipeline unit to France’s Engie SA after Brazil’s Supreme Court ruled that state-run firms do not need congressional approval to sell their subsidiaries.
Longhorn Midstream Launches Open Season for Delaware Basin Gathering System
Longhorn Midstream today announced that one of its subsidiaries, LM Touchdown Crude, has launched a binding open season to obtain commitments to support the development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin.
Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project
Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.
Lack of New Canadian Pipelines Worries Oil Producers
Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada's oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts.
Sources: New Permian Pipeline Flow to Outpace Storage
As new pipelines begin to move Permian crude towards the Gulf Coast, traders and analysts worry there may not be enough connections or storage to handle the demand.
Plains All American Announces Open Season on Western Corridor Pipeline System
An affiliate of Plains All American Pipeline today announced a binding open season for long-term commitments for light crude oil transportation service on its Western Corridor Pipeline System
Medallion Starts Open Season for Midland Crude System, Joint Tariff Service
Medallion today launched a binding open season to solicit binding, long-term commitments to support a new crude oil gathering system in the Midland Basin and a new joint tariff transportation service by Medallion Midland Gathering (MMG) and Medallion Pipeline.
Russia's Transneft Slams Rosneft Over Tainted Oil Crisis
Russian state-owned pipeline monopoly Transneft criticized oil producer Rosneft on Monday, alleging it had dragged its feet over quality controls and making unsubstantiated damages claims.
Pipeline Expansion, Reversal May Offset Pa. Refinery Losses
The Central Atlantic Region is turning to more imports after the catastrophic fire and closure of Philadelphia Energy Solutions' 335,000 pbd refinery, but a longer-term solution may involve the expansion or reversal of major pipeline to bring more product from Ohio.
Permian to Need More Crude Takeaway Capacity After Brief Overbuild: WoodMac
Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is be needed.
Supplemental Open Season Launched for Red Oak, Liberty Pipelines
Phillips 66 and joint-venture partners Bridger Pipeline and Plains All American announced a supplemental open season seeking additional crude oil transportation commitments for joint service on the planned Red Oak and Liberty pipelines from production areas in the Rockies and Bakkan to Cushing, Okla., and multiple locations along the Texas Gulf Coast.
Druzhba Pipeline Flows Resume Full Volume
Russian pipeline monopoly Transneft announced that crude flows have resumed in full on its Druzhba pipeline.
Plains' Cactus II Oil Pipeline to Begin Line Fill in a Week, According to Source
Plains All American Pipeline LP’s 670,000 bpd Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said.
Canada Eases Oil Production Curtailments for August
Canada is easing its curtailments on crude oil production for August, citing Increased rail capacity and improved pipeline efficiency.
Flint Hills Considering Sale of Texas Crude Export Terminal
U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday.
Magellan Considering Sale of Stake in Longhorn Pipeline
U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.
Ohio Refineries Fear Michigan Line 5 Pipeline Shutdown
Operators of refineries in Ohio are worried that a potential shutdown of a Great Lakes oil pipeline in Michigan could push up their costs or even force them to close.
Syria: Sabotage Damaged Subsea Oil Pipelines
Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria's oil ministry.
Druzhba Pipeline Flows to Poland Resume after Shutdown
Oil flows to Poland through the Druzhba pipeline resumed on Thursday after being suspended on Wednesday evening due to the discovery of contaminated oil, Polish pipeline operator PERN said.
Energy Transfer to Expand Dakota Access Capacity
Energy Transfer Partners (ET) plans to nearly double the capacity of Dakota Access Pipeline up to 1.1 MMbpd from a current capacity of more than 500,000 bpd, according to a Wednesday filing with the North Dakota Public Service Commission.
Phillips 66 Plans Crude Export Terminal, New Pipelines Offshore Texas
Phillips 66 confirmed plans for a deepwater crude export terminal off the Texas Gulf Coast to transport production from the Permian and Bakken basins to international markets via its recently announced Red Oak and Liberty pipelines.
Canadian Oil Sector Anticipates Nod for Trans Mountain Pipeline Expansion
Canada's energy sector and politicians across the spectrum were anticipating the government would approve a hotly contested oil pipeline expansion on Tuesday after years of debate and court challenges.
U.S. Shale Oil Output to Rise to Record 8.52 MMbpd in July EIA
U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
Russia's Transneft says Druzhba Pipeline to Resume on July 1
Russian pipeline monopoly Transneft expects the Druzhba pipeline to resume full operations from July 1, TASS news agency cited the company's vice president Sergey Andronov as saying on Friday.
ExxonMobil to Expand Infrastructure for Growing Argentina Production
ExxonMobil announced it will proceed with a long-term oil development in Argentina's Vaca Muerta shale, including the construction of pipeline and export infrastructure to support an expected 55,000 oil-equivalent bpd by 2024.
Bayou Bridge Launches Open Season for Expanded Joint Tariff Service
Bayou Bridge Pipeline launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.
Tallgrass Tackles Project on Further Pony Express Pipeline Expansion
Tallgrass Energy is pursuing a project to support crude oil production in northern Weld County, Colo., near the border between Wyoming and Colorado. The Hereford Project will include 30 miles of 12-inch pipeline, as well as expanded capacity on the Pony Express system.
Magellan Optimistic About Cushing-to-Houston Crude Pipeline
Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said.
Rangeland Plans Crude Gathering Project in Alberta
Rangeland Midstream Canada plans to design, construct and operate new crude oil and condensate pipelines in the Marten Hills region of north central Alberta.
$1.6 Billion Liberty Pipeline Construction to Proceed Under Phillips 66, Bridger JV
Phillips 66 and Bridger Pipeline announced that they are proceeding with construction of the $1.6 billion Liberty Pipeline from the Rockies and Bakken production areas to Cushing, Okla.
- 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
