Oil
Pipeline Protester Convicted of Felony, Sentence Deferred
Judge convicts Dakota Access pipeline construction project protester of a felony.
Oil And Gas Run Low As East Coast Sees Record Snowfall
The past week of continuous record low temperatures and snowfall has oil-dependent power plants in the northeast scrambling to secure supplies of some of the dirtiest burning oil available in the market due to an impending supply shortage, according to a new report by Hellenic Shipping News. Oil fu..
API: New Offshore Drilling Plan Will Strengthen U.S. Energy Security
The American Petroleum Institute (API) today announced its support for the Interior Department’s new proposal for a five-year offshore oil and natural gas leasing plan to allow greater access to energy resources in the U.S. Outer Continental Shelf, putting the U.S. on the right track towards increas..
Trump Moves to Vastly Expand Offshore Drilling
WASHINGTON (AP) — The Trump administration on Thursday moved to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off the California coast for the first time in more than three decades. The new five-year drilling plan also could ope..
Cook Inlet Advisory Council Studies Pipeline Leaks
KENAI, Alaska (AP) — The Cook Inlet Regional Citizen’s Advisory Council is almost finished with a pair of reports surveying regional pipelines and the state and federal authorities that oversee them. A natural gas leak last year in Cook Inlet spurred the surveying efforts, the Peninsula Clari..
Second Line of China-Russia Oil Pipeline Now in Service
The second line of the China-Russia oil pipeline construction project begins commercial operations.
Judge Pushes Back Timeline for Minnesota Oil Pipeline
Minnesota judge delays decision whether to approve Enbridge's Line 3 pipeline construction project.
TransCanada Mulls Adding Second Pipeline in Nebraska
TransCanada is trying to decide whether to proceed with the Keystone XL pipeline construction project.
Sunni Jihadists Claim They Blew up Iran Oil Pipeline
DUBAI, United Arab Emirates (AP) — A Sunni jihadist group has claimed to have blown up an oil pipeline in Iran’s southern Khuzestan province, the scene of other attacks by Arab separatists. Iranian authorities have not acknowledged any such attack. An online video posted by Ansar al-Furqan claimed ..
Forties Pipeline To Return To Normal Rates Around New Year
The Forties Pipeline in the North Sea is expected to return to normal flow rates of some 450,000 bpd around new year, the operator of the pipeline, Ineos, said in its latest media update on the progress of the repairs. Ineos shut the pipeline down on December 11 after discovering a hairline crack i..
The Next Big Hurdle For Keystone XL
The Keystone XL pipeline construction project still has many obstacles to overcome, despite the recent approval of an alternate route by Nebraska regulators.
Discounted Cash Flow Valuation for Oil and Gas Pipelines
Discounted cash flow (DCF) analysis is a standard method for valuing a wide range of assets such as fixed assets, including oil and gas pipelines, as well as stocks, bonds and real estate investments/properties. Typically, assets in any financial analysis produce a series of cash flows. DCF analysi..
Canadian Oil Patch Wants Flexibility on Methane Cuts
Thousands of jobs in the Canadian oil patch are at risk if governments try to impose the wrong approach to cutting back a highly potent greenhouse gas, says an industry lobby group. “Let’s take the best opportunities as opposed to being very prescriptive,” Tim McMillan, head of the Canadian Associa..
Canada’s Pipeline Industry Takes Another Hit
TransCanada scraps the Energy East pipeline construction project.
SwRI, UTSA Jointly Invest in Corrosion, Energy Projects
Southwest Research Institute (SwRI) and The University of Texas at San Antonio (UTSA) announced two new research projects through the Connecting through Research Partnerships (Connect) Program. Each project will receive $125,000 in funding. One project will research a new technique to mitigate crack..
The Failure of Keystone XL
Whether or not it gets built, the Keystone XL pipeline construction represents an unproductive dialogue on energy in America.
Arctic Extraction Could Occur from Artificial Island
Hilcorp plans to proceed with a pipeline construction project to transport oil from artificial island in the Arctic to the Trans-Alaska Pipeline.
Forties Pipeline To Remain Shut For Up To Three More Weeks
The Forties Pipeline that was shut down last week for repair of a hairline crack will remain shut for two to four weeks from December 11, the operator of the pipeline responsible for carrying 40 percent of the UK’s North Sea crude oil production, Ineos, said on Tuesday, adding that it was awaiting c..
Nebraska Panel Denies Request to Amend Keystone XL Ruling
Nebraska regulators deny requests to amend Keystone XL pipeline construction project ruling.
Iraq Employs Drones To Monitor Oil Pipelines
The Iraqi government announced plans to use drones to monitor and protect its export and production pipelines in the first quarter of next year. Reuters reported on Monday that Oil Minister Jabbar al-Luiebi is looking for professional security companies that can supply Iraq with drones. The Iraqi g..
More than $600,000 Spent on Police Gear for Pipeline Protests
According to data compiled by the Associated Press, more than $600,000 was spent on police gear to quell Dakota Access pipeline construction project protests.
Canadian Producers Struggle To Find Transport for Oil Cargo
Oil producers in Canada are having trouble finding rail space for their commodity due to a pipeline shutdown that caused a backup in Alberta tank farms. “It’s hard for the railroads to change their operating plan really quickly,” Steve Owens, rail analyst at IHS Markit, said in a phone interview wi..
Key Pipeline Closure Amplifies OPEC’s Efforts
OPEC’s continued efforts to draw the global oil glut down to its five-year average are receiving an unexpected shot in the arm by an oil pipeline outage. But this time, it’s not the usual suspects of Libya, Nigeria, or Iraq. It’s a shutdown of a major oil pipeline in the North Sea, which is expecte..
EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
Top federal energy analysts lowered their estimates for oil demand growth in 2018 by 40,000 barrels per day, according to the Energy Information Administration’s newest monthly forecast. Still, oil demand growth in 2017 received an 80,000-bpd boost to 1.39 million bpd in the Short Term Energy Outlo..
U.S. Shale Output Rises As OPEC Production Falls To 6-Month Low
OPEC’s crude oil production dropped to a six-month low in November, while U.S. and other non-OPEC supply has grown stronger than initially expected this year, which prompted the cartel to revise up on Wednesday its estimates for non-OPEC supply growth in 2018. OPEC’s crude oil production fell by 13..
Why Is Canadian Oil So Cheap?
Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January contract and US$27 for the December contract, after Enbridge announced a new rationing of space in parts of its Mainline network, which is used to carry most of the crude Canada exports ..
New Mexico Oil and Gas Companies Sign on to Reduce Emissions
ALBUQUERQUE, N.M. (AP) — Some of the biggest names in energy production in New Mexico have signed on to a national effort within the oil and gas industry to curb methane emissions as pressure mounts for states to enact more pollution laws. The move comes as the U.S. Interior Department announced it..
Plains All American Launches Open Season for Cactus II Pipeline
Plains All American pipeline launches an open season for the Cactus II pipeline construction project.
Venezuela Orders Probe into Ex-Oil Czar, UN Ambassador
CARACAS, Venezuela (AP) — Venezuela’s chief prosecutor has launched a probe into the country’s former oil czar and ambassador to the United Nations for alleged ties to a vast corruption scheme at the state oil company, officials said Tuesday. The investigation against Rafael Ramirez comes one week ..
Hilcorp, Vitol to Explore Building Crude Oil Terminal, Pipeline in South Texas
Hilcorp and Vitol reach agreement to explore building a crude oil terminal and associated pipeline in South Texas.
- 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
