Oil
How The Shale Boom Is Boosting U.S. Exports
Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the economic impacts of the shale gas boom. I have covered some of the impacts of the cheap shale gas bounty in the past. They include a surge..
OPEC vs. U.S. Shale: The Battle For Asian Market Share
Early in October, OPEC’s chief, Mohammed Barkindo, appeared to be unfazed by growing U.S. crude oil shipments to OPEC’s key market, Asia. The official said he expected OPEC exports bound for the East will continue to expand in the coming years, eventually hitting 22 million bpd in 2040, up from 14.5..
New U.S. Sanctions Threaten Russian Oil Projects
Washington’s newest round of sanctions against Moscow’s oil and gas industry targets Russia’s upcoming projects worldwide, according to drafts of the measures introduced at the United Nations by the U.S. The punitive measures – designed to be a political reaction to Russia’s annexation of Crimea in..
Trump’s China Trip To Reap Billions In Energy Deals
President Trump to discuss oil pipeline construction project on upcoming visit to China.
Colorado Regulators Fine Chevron for Oil Pipeline Spill
GRAND JUNCTION, Colo. (AP) — State oil and gas regulators have fined a pipeline operator more than $65,000 after an oil spill contaminated water in western Colorado earlier this year. The Daily Sentinel reports that the Colorado Oil and Gas Conservation Commission reached a settlement agreement thi..
Pipeline Construction Project Hearings Start in Minnesota Town
ST. PAUL, Minn. (AP) — A hearing opens in St. Paul on Wednesday on whether Enbridge Energy should be allowed to replace a stretch of its aging Line 3 crude oil pipeline that crosses northern Minnesota. The 12-day “evidentiary hearing” before an administrative law judge will be a trial-like proceedi..
Railway Company Lawsuit Highlights Dangers Of Oil By Rail
Norfolk Southern Railway is suing a company that manufactures railroad ties because it didn’t use the right protective coating for the ties, and now Norfolk Southern will need to replace more than 4.7 million of these to avoid accidents, including oil by rail accidents. The Alabama tie manufacturer..
80 Oil Pipeline Companies Off The Hook For Wetlands Damage
Over 80 oil and gas pipeline companies will be exonerated of a lawsuit that claims damage to wetlands via the construction of canals in Louisiana after the Supreme Court decided this week not to hear the case. The Southeast Louisiana Flood Protection Authority-East had filed their appeal against th..
Iraqi Pipeline Disruption Takes 250,000 Bpd Off The Market
Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time, Bloomberg reports, citing a port agent. According to a Kurdish shipping source who spoke to Reuters, the f..
Booming U.S. Oil Exports Could Hit A Bottleneck
U.S. crude oil exports have been setting new records lately, but as both the U.S. oil production and exports are set to increase, analysts and traders warn that booming exports may reach infrastructure limitations in two to three years, which would weigh on U.S. oil prices due to high domestic produ..
Bangladesh and China to Build Oil Pipeline
Bangladesh and China agree to move forward with an oil pipeline construction project.
Lawmaker Blasts Video Game Allowing Fantasy Pipeline Attacks
MINNEAPOLIS (AP) — A Minnesota lawmaker wants to impose new restrictions on state funding of the arts after learning about a video game that lets players zap imaginary oil pipelines with lightning bolts. Elizabeth LaPensee received nearly $3,300 from Minnesota’s Arts and Cultural Heritage Fund to c..
Enbridge Says It Knew About Line 5 Damage Years Ago
TRAVERSE CITY, Mich. (AP) — The company that operates twin oil pipelines in a Great Lakes waterway says it knew three years ago that protective coating had been damaged but didn’t inform regulatory agencies. Enbridge Inc. says four gaps were opened in enamel coating on one section of Line 5 in Mich..
Professor Quits over Denied Dakota Access Pipeline Seminars
Professor quits after his request to hold seminars over protests concerning the Dakota Access pipeline construction project was denied
Iraq Begins Pumping Kirkuk Oil From KRG Pipeline
Iraq will begin pumping oil from Kirkuk once again, just a week after clashes between Iraqi and Kurdish forces forced production in certain parts of the No.2 OPEC producer to shutter. Baghdad began pumping crude from the Avana field in Kirkuk through a pipeline controlled by the Kurdistan Regional ..
Canada’s Oil Output To Grow For Decades To Come
Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next couple of decades, a report from the National Energy Board found. The report considered three different s..
Hurricane Harvey Impact On Gulf Coast Refiners Similar To Katrina
Refinery runs in the Gulf Coast returning to the levels seen before Hurricane Harvey made landfall in Houston on August 25, but the scale and duration of refinery operations curtailment has been similar to the disruptions in the wake of Hurricanes Katrina in 2005 and Gustav and Ike in 2008, the EIA ..
More than Half of Alaska’s Petroleum Reserve up for Bid
ANCHORAGE, Alaska (AP) — The U.S. Bureau of Land Management has announced it will be accepting oil exploration bids for more than half of the land on a Northern Alaska petroleum reserve that’s the size of Indiana. The bureau’s announcement on Wednesday is the largest lease sale to be offered in the..
Oklahoma Senate in Favor of Oil and Gas Tax Hike
OKLAHOMA CITY (AP) — The Republican-controlled Oklahoma Senate indicated it would be willing to double the current production tax on oil and gas wells as a way to break a stalemate to fix a $215 million budget hole. Senators approved a resolution Thursday urging their colleagues in the House to pus..
2 Sentenced To Jail Time For Pipeline Protests
Two protesters of the Dakota Access pipeline construction project receive jail time.
Video Game Enabling Fantasy Pipeline Attacks Draws Fire
TRAVERSE CITY, Mich. (AP) — A video game developed by a Michigan State University assistant professor supports “eco-terrorism” by enabling players to zap imaginary oil pipelines with lightning bolts, an industry group said Wednesday, although the designer countered that it’s not meant to incite viol..
Argentina Plans $21.5-Billion Oil Investment
The state oil and gas company of Argentina, YPF, plans to spend US$21.5 billion on new oil and gas production over the next five years, eyeing a 26-percent increase in crude oil production, company executives told Reuters. The company will sell some assets to gather the funds necessary for the ambi..
Iraq And Kurdistan To Collaborate On Oil Production
Iraqi government-owned North Oil Co. and Kurdish Kar Group are cooperating on pumping the oil from two fields that halted operations following the government military action to take it over from Kurdistan Regional Government (KRG). Kurdistan forces had been there since 2014 when they ousted Islamic ..
Minnesota Agency Cancels Public Hearings on Oil Pipeline
Minnesota regulators cancel public hearings concerning Enbridge's Line 3 pipeline construction project.
Database Seeks to Highlight Attacks on Pipeline Infrastructure
Oil and gas industry group develops database highlighting attacks against pipeline construction projects in America.
Turkey Says it Will Help Iraq Restore Pipeline
Turkey says it will help Iraq on an oil pipeline construction project.
Midwestern Refiners Seek Canadian Oil To Expand Output
Cheap crude from Canada and North Dakota is reducing the U.S. Midwest’s reliance on Gulf coast fossil fuels, according to a new report by Reuters. Figures from last year say the Midwest’s refining capacity at 3.9 million barrels per day – that’s the highest volume on record. The surge in production..
Uganda Eyes $15-20 Billion In Oil Investments
Uganda, a newcomer on the international oil stage, expects investments to the tune of US$15-20 billion over the next three to four years, the executive director of the country’s petroleum Authority, Ernest Rubondo said at a conference in South Africa. Earlier this month, Nigerian Oranto Petroleum s..
Economic Growth Will Spur Southeast Asia Oil Demand Growth: IEA
Economic growth plus a demographic boom will drive crude oil and coal demand growth in Southeast Asia in the next two decades, the International Energy Agency said at an industry event in Singapore. The region, which at the moment uses about 4.7 million bpd, will need 6.6 million bpd by 2040, accord..
U.S. Government to Offer Largest Oil and Gas Lease Sale
WASHINGTON (AP) — The Interior Department said Tuesday it will propose the largest oil and gas lease sale ever held in the United States — nearly 77 million acres in the Gulf of Mexico off the coasts of Texas, Louisiana, Mississippi, Alabama and Florida. The sale, scheduled for next March, includes..
- 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
