Oil
Kenya Inks Agreement for Crude Oil Pipeline Study
Joint Development Study Agreement reached for oil pipeline construction project in Kenya.
Global Oil Supply Disruptions Lowest Since 2012
Unplanned disruptions in global oil supply dropped to 1.6 million barrels per day (bpd) in September 2017, which was the lowest level of crude offline due to unforeseen events since January 2012, the Energy Information Administration (EIA) said on Monday. The main reasons for the lowest unplanned c..
300,000 bpd Offline As Kurdistan Conflict Continues
Crude oil flows from Kurdistan to Turkey’s port city of Ceyhan continued at rates of between 200,000 and 250,000 bpd over the weekend, versus a normal flow of between 550,000 and 600,000 bpd, sources from the shipping industry told Reuters. Last week, Iraq’s Oil Minister Jabbar Al-Luaibi ordered st..
Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
While tensions between Iraq’s federal government and the Kurdistan region continue to escalate, Russia’s state-controlled oil giant Rosneft said on Thursday that it had agreed with the Kurdistan Regional Government to take majority control in the operation of the oil pipeline in the Kurdish region, ..
Shell Nigeria Lifts Force Majeure on Bonny Light Exports
WARRI, Nigeria (AP) — Royal Dutch Shell’s Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago. Company spokesman Joseph Obari says the force majeure was lifted Thursday. It was imposed on Sept. 16 after a major pipeline, the Nembe Creek Trunk..
More Oil than Initially Believed Spilled off Louisiana Coast
NEW ORLEANS (AP) — The Coast Guard says the amount of oil discharged into the Gulf of Mexico off Louisiana’s coast last weekend is substantially higher than initial estimates. The Coast Guard says multiple flights over the area have detected no recoverable oil. Skimming vessels from Clean Gulf Asso..
Protesters Shut Down Pipeline Construction Project Hearing
Protesters shut down public hearing concerning Enbridge's Line 3 pipeline construction project in Minnesota.
Pipeline Protest Charges Dismissed Against Journalist
Judge dismisses protest charges against journalistrelated to the Dakota Access pipeline construction project.
OPEC Favors 9-Month Extension Of Production Cut Agreement
OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of extending the cuts through end 2018 has been discussed before, and OPEC has been saying for quite some ti..
Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
The flow of crude oil through the Kurdistan pipeline from Kirkuk to the Turkish port of Ceyhan have plummeted to some 225,000 bpd, from a typical flow of around 600,000 bpd, Reuters reported on Wednesday, citing a shipping source. On Tuesday the crude oil flows were some 500,000 bpd, said the sourc..
Kinder Morgan Warns About Trans Mountain Delays
Kinder Morgan has warned that its Trans Mountain oil pipeline expansion project is facing possibly months of delays because of the timing of permit issuance and other regulatory approvals. The delay could be as long as nine months, Kinder Morgan’s chief executive Steven Kean said in a recent confer..
Oil Company Proposes Arctic Drilling from Artificial Island
ANCHORAGE, Alaska (AP) — America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won’t be from a remote drilling platform. Federal regulators are taking comments on a draft environmental statement for the Liberty Project, a proposal by a subsidiary of Hous..
Open Season Launched for Pipeline Construction Project
Medallion Midstream launches open season for a new crude oil pipeline construction project in the Delaware Basin.
Judge to Hear Arguments on Tribe's Pipeline Contingency Plan
Federal judge to rule on tribe's Dakota Access pipeline construction project request.
IEA: Oil Prices To Hit A Ceiling In 2018
The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in 2018, according to a new report from the International Energy Agency. In its monthly Oil Market Report published Th..
Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply
While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil supplies, according to Goldman Sachs. On Friday, U.S. President Donald Trump said he was officially withdrawing ..
Oil Spills Into Gulf of Mexico After Underwater Pipeline Bursts
NEW ORLEANS (AP) — The U.S. Coast Guard is responding to an oil spill off the coast of Louisiana. The Bureau of Safety and Environmental Enforcement said in a news release Friday that oil spewed out of an underwater fractured pipe in the Gulf of Mexico about 40 miles (64 kilometers) southeast..
Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
Crude oil inventories are still coming down. The American Petroleum Institute (API) reported a huge draw of 7.130 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories would draw down by 3.9 million barrels for the week ending..
Minnesota Judge Allows Necessity Defense in Pipeline Case
MINNEAPOLIS (AP) — A Minnesota judge has taken the unusual step of allowing four protesters to use a “necessity defense,” enabling them to present evidence that the threat of climate change from Canadian tar sands crude is so imminent that they were justified in trying to shut down two Enbridge Ener..
Colorado Proposes New Rules for Oil-Gas Lines After Blast
New pipeline regulations proposed in Colorado in response to April 2017 natural gas explosion.
Open Season Launched for Pipeline Reversal
Open season for the Capline reversal pipeline construction project launched.
Enbridge Gets Presidential Permit for Line 67 Pipeline
Enbridge receives presidential permit for the Line 67 pipeline construction project.
Why U.S. Crude Exports Are Booming
In the years leading up to the shale oil boom, crude oil exports from the U.S. were nearly nonexistent. There were two reasons for that. First, following the 1973 OPEC oil embargo, a crude oil export ban had been enacted as part of an energy bill that aimed to mitigate future oil crises. The crude ..
Canada’s Pipeline Industry Takes Another Hit
Cancellation of major oil pipeline construction project hurts Canada's oil and gas industry.
Husky Energy Set To Restart Pipeline
Husky Energy (TSE: HSE) received a greenlight to restart its pipeline after successfully undergoing testing, inspection, and evaluation of a previously ruptured pipeline, according to local media. Last July, Husky’s pipeline leaked about 225,000 liters of heavy oil mixed with a diluent, about 40 pe..
North Dakota Landowners' Lawsuit Against Pipeline Dismissed
Federal judge dismisses lawsuit against the developer of the Dakota Access pipeline construction project.
Oil Prices Poised To Rise In Early 2018
Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have fall..
Enbridge Energy Defends Plan to Replace Line 3 Oil Pipeline
MINNEAPOLIS (AP) — Enbridge Energy disputed a state agency’s recommendation against the company’s proposal for replacing its aging Line 3 oil pipeline across northern Minnesota, insisting in filings Wednesday that the project is needed to ensure adequate crude supplies for Minnesota and other Midwes..
Oklahoma Crude Oil Line Ruptured by Construction Crew
CUSHING, Okla. (AP) — Oklahoma regulators say environmental crews are cleaning up a crude oil spill near one of the world’s largest oil storage sites. Oklahoma Corporation Commission spokesman Matt Skinner said Wednesday that oil spilled into a dry creek bed in Lincoln County, south of the massive ..
Judge Allows Dakota Access Pipeline to Keep Running During Review
Federal judge rules that the Dakota Access Pipeline construction project can remain in service while an environmental review is completed.
- 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
