Oil
Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System
Plains All American Pipeline and Phillips 66 announced they will proceed with construction of the Red Oak Pipeline system in a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.
Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play
As Canadian oil production has outpaced pipeline takeaway capacity, demand for storage in the oil sands province of Alberta has increased.
Court Lifts Injunction Blocking Keystone XL Pipeline
An appeals court has lifted a judge's injunction that blocked construction of the Keystone XL oil pipeline from Canada to the U.S., but the developer has said it's too late to begin work this year and environmental groups vowed to keep fighting it.
Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit
Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras.
Enbridge Seeks Michigan Court Ruling on Line 5 Pipeline Deal
Enbridge said will go to court after failing to strike a deal with Michigan Gov. Gretchen Whitmer on building an oil pipeline tunnel beneath the channel that connects Lakes Huron and Michigan.
U.S. Regulators Partially OK Cactus II Rate Structure
U.S. energy regulators partially approved the rate structure and terms of service for Plains All American Pipeline LP’s Cactus II crude and condensate line from the Permian Basin to the Corpus Christi, Texas, area.
Minnesota Court Rejects Environmental Assessment for Enbridge Line 3 Pipeline
A Minnesota court ruled on Monday that Enbridge Inc.'s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays.
Russia's Oil Output Hits 11-Month Low on Dirty Oil Crisis
Russian oil output in May fell to its lowest level since June 2018, primarily due to closure of the oil-contaminated Druzhba pipeline.
Water Solutions Company Paying Big for West Texas Ranch
A water solutions company out of Forth Worth, TX is ready to spend $450 million for water underneath a West Texas ranch.
Crude Contamination: Ukraine Suspends Pipeline Deliveries; Total Halts Refinery Operations
Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe were temporarily suspended, as Total halted some refining operations in Germany for technical checks due to contaminated crude supply.
Armed Drones Attack Oil Pumping Stations on Saudi Pipeline
Saudi Arabia said armed drones had struck two oil pumping stations on a pipeline Tuesday in what it called a "cowardly" act of terrorism two days after Saudi oil tankers were sabotaged off the coast of the United Arab Emirates.
Howard Energy Plans New Gathering System in STACK Play
Howard Energy Partners announced yesterday that it has executed an agreement with a major North American oil and gas producer to construct, own and operate a new natural gas gathering system located in the over-pressured area of the prolific STACK play. HEP’s new midstream infrastructure will be anchored by fee-based, long-term acreage dedications totaling approximately 10,000 acres in Dewey and Custer counties in central Oklahoma.
Marathon Petroleum Combines Midstream Operations for $9 Billion
Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion.
Iraq Close to Signing $53B deal with Exxon, PetroChina
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.
Report: Blaze Engulfs 2 Iranian Pipelines, 5 Workers Injured
Iran's official IRNA news agency says firefighters have brought under control a blaze that engulfed two oil and gas pipelines in southwestern, oil-rich Khuzestan province.
Alliance
Alliance Sensors Group introduced the SS-7 series linear variable inductive transducer (LVIT), designed for subsea environments. The transducer is embedded into a hydraulic cylinder and uses the gun-drilled piston rod as a target, sensing its position without the need for a magnet. The SS-7 Series c..
Moda Decision Could Ease Stress of 3 New Pipelines
Moda Midstream is considering building a second berth at its Ingleside, Texas, crude export terminal to accommodate supertankers, the company’s chief executive said. The expansion to the terminal that loads oil tankers will come as three major pipelines open in the second half of this year, CEO Bo ..
UK Oil and Gas Authority Releases Data on Over 3,000 Pipelines
The United Kingdom Oil and Gas National Data Repository (NDR) has been launched with more than 130 terabytes of data covering thousands of pipelines, offshore wellbores, and seismic surveys going back more than 50 years. The repository comes from the Oil and Gas Authority (OGA), which hopes the re..
Marcellus, Utica Plays Offer Unlimited Promise, Nagging Questions
At the end of 2018, when the U.S. Energy Information Administration (EIA) released its latest (2017) statistics on proved oil and natural gas reserves, the United States producers were leading the world, and the Marcellus Shale play in Pennsylvania was leading the nation. Both Marcellus and Utica s..
Tellurian Announces Binding Open Seasons for Two Proposed Pipelines
Tellurian announced today separate binding open seasons on two proposed pipelines that will connect areas of constrained shale production and debottleneck natural gas pipeline infrastructure, further enabling the rapidly growing industrial market in Southwest Louisiana.
Plains All American fined $3.3M for California Oil Spill
Plains All American Pipeline was fined nearly $3.35 million for a 2015 California coastal oil spill caused by the rupture of a corroded pipeline.
Occidental Petroleum Submits $57 Billion Bid for Anadarko, Topping Offer From Chevron
Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp's $50 billion offer and setting up the first hostile takeover battle for a major oil company in years.
Bayou Bridge Launches Open Season for Expanded Joint Tariff Service
Bayou Bridge Pipeline has 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.
Kinder Morgan Eyes Another Permian Gas Pipeline
Executives at cash-flush Kinder Morgan, which already has two major Permian Basin-Gulf Coast natural gas pipelines totaling 4 Bcfd under construction, are considering a third pipeline in response to ever-growing demand in the region.
Jordan, Egypt, and Iraq Set to Build $18 Billion Oil Pipeline
Jordan and Iraq are nearing final approval for an $18 billion oil pipeline that would carry 1 MMbpd of oil from the Iraqi city of Basra through the Jordanian port of Aqaba and across the Red Sea to Egypt.
New Concho-Frontier JV to Construct Midland Basin Gathering System
Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.
Colombia's Ecopetrol Working to Contain Spills from Pipeline Attacks
Colombia's state-run oil company Ecopetrol said it is working to contain two oil spills from its Cano Limon pipeline, which was damaged by bomb attacks on the weekend.
Zydeco Announces Open Season for Non-Firm Capacity
Zydeco Pipeline Company, jointly owned by Shell Midstream Partners and Shell Pipeline Company, announced an open season seeking binding commitments for non-firm capacity transportation service on its 350-mile pipeline.
Medallion Starts Open Season for Expanded Joint Tariff Service
Medallion Delaware Express and Medallion Pipeline Company announced an open season to solicit binding, long-term commitments to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.
Chevron Acquiring Anadarko for $33 Billion as Crude Prices Climb
Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin.
- 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
