Oil
Alberta Banking On An Oil Sands Boom
Alberta Premier Rachel Notley cut the ribbon that marked the official opening of an oil sands expansion project near Fort McMurray on Wednesday. The new project is expected to produce 20,000 bpd of oil by mid-2018, thanks to a US$1.64 billion (2 billion Canadian dollars) investment. Japan Petroleum..
Colorado Outlines New Pipeline Rules After Fatal Explosion
Colorado releases an outline of new pipeline regulations.
Contractors Chosen for Pipeline Construction Project
Kinder Morgan Canada Limited has selected or signed memorandums of understanding with six contractors for the company’s Trans Mountain Expansion Project. The contractors chosen include: Spreads 1 & 2: Edmonton/Yellowhead Contractor: Midwest Pipelines Inc. Spreads 3 & 4: North Thompson Cont..
Trans Mountain Expansion Hearing Scheduled
Canada's National Energy Board schedules public hearing concerning the Trans Mountain Pipeline Expansion Project in early 2018.
African Pipeline Construction Project Treaty Approved
Tanzania's Parliament approves treaty concerning the East African Crude Oil pipeline construction project.
Permian Pipeline Construction Projects Planned
Stakeholder Midstream to proceed with two pipeline construction projects in the Permian.
Houston’s Energy Sector Confident Of A Quick Recovery
After devastating Houston and other parts of southeast Texas and continuing on to Louisiana, the hurricane known as Harvey put a spotlight on the rising role of the Gulf of Mexico in the global energy sector. The most powerful storm to hit Texas in half a century has already resulted in reduced shal..
Aramco Plans To Sell Oil To Europe Via Egyptian Pipeline
Saudi Aramco could begin selling more oil to its European customers via a pipeline that runs through Egypt, according to an official statement from the state-run giant. As a result, the Sidi Kerir pipeline terminal could become a key industry hub, Ibrahim Al-Buainain, CEO of Aramco’s trading wing, ..
Hilcorp Seeks Cook Inlet Pipeline Permission
Hilcorp seeks permission to proceed with an undersea pipeline construction project in Alaska.
Minnesota Department of Commerce Recommends Against Line 3 Replacement Project
Minnesota's Department of Commerce recommends against approving Enbridge's Line 3 Replacement Project.
Gibsons to Upgrade Storage Capacity at the Hardisty Terminal
Gibson Energy Inc. today announced it will construct 1.1 million barrels of new tankage at its Hardisty Terminal. The two 300,000 barrel tanks and one 500,000 barrel tank are expected to be placed in service in the third quarter of 2019 and will increase the total capacity of the terminal to 10 mill..
Pipeline Construction Project Application Suspended
Canada's National Energy Board has approved TransCanada's request to suspend its applications for two pipeline construction projects for 30 days.
The North Sea Oil Recovery Is Dead In The Water
The oil majors issued a vote of confidence for the North Sea in recent days, citing precipitous declines in the cost of production, which they say will revive the region’s oil and gas production. At an oil industry conference in the North Sea’s oil capital, Aberdeen, the chief executives of BP and ..
Largest Libyan Oilfield Back Online After Armed Assault
Libya’s largest oilfield is now fully operational following a couple of weeks of output turbulence, according to UPI, who received official confirmation of the oilfield’s operational status from Austrian energy firm, OMV. The “irregularities” had been caused by “gangsters,” said Mustafa Sanalla, he..
TransCanada Requests Suspension Of Oil Pipeline
TransCanada asks for a 30-day suspension of its application for the Energy East pipeline construction project to review recent regulatory changes.
Putin Reluctant To Cut Off North Korean Oil Supplies
Amid rising tension over North Korea’s nuclear tests, South Korea’s president has pleaded with Russia to help it with its push to cut off oil supplies to Pyongyang’s regime, but Russian President Vladimir Putin is urging for diplomacy, saying that sanctions and pressure won’t work, while stopping oi..
Libya Resumes Production At Largest Field Amid Rising Oil Prices
Libya’s largest oil field, Sharara, will resume production following a two-week halt, after a pipeline blockade ended yesterday. This is what an unnamed source from Libya’s oil industry told Reuters, with the Sharara to resume output today, according to Bloomberg. The pipeline that was blocked feed..
Trump Touts Support for Dakota Access Pipeline
President Trump reminds supporters in North Dakota he helped get the Dakota Access pipeline construction project completed.
Hurricane Irma Could Destroy Oil Demand
About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much of the U.S. The disruptions of more than 4 million barrels per day of refining capacity have been cut in half, wi..
Magellan Midstream to Construct Delaware Basin Crude Oil and Condensate Pipeline
Magellan Midstream starts work on a crude oil and condensate pipeline construction project in the Delaware Basin.
Russia Expands Control Over Oil Pipeline Monopoly
A Transneft share swap could give the Russian sovereign wealth fund more control over the oil pipeline monopoly, according to a new report by Reuters. The Russian government already owns 78.1 percent of the company, all of which are ordinary shares. The rest of the company consists of preferred sha..
Colombia Signs Cease-Fire Deal with Last Guerrilla Group
BOGOTA, Colombia (AP) — Colombia’s government and last remaining major rebel group signed a bilateral cease-fire Monday ahead of Pope Francis’ visit this week, an agreement seen as a significant step toward negotiating a permanent peace deal. The deal struck in Quito, Ecuador, where talks with the ..
Foreign Workers Evacuated At Libya’s Sharara Oil Field
Reuters reports that foreign workers at Libya’s largest oil field have been evacuated after news emerged on Monday of unspecified activities near the site. An engineer at the field said a total of 16 workers from Spain, France, the Philippines and Serbia had all been evacuated for two days. The Na..
Harvey Continues to Batter Energy Markets
Tropical Storm Harvey came ashore for a second time yesterday, east of Houston along the Texas-Louisiana coast. Downgraded now to a tropical depression with reduced winds, the rain bands nonetheless pounded Port Arthur and Beaumont, continuing to shutter refineries and associated energy infrastructu..
Democratic Senator Urges Trump To Sell Oil In Strategic Reserves
Federal officials should release fuel from the Strategic Petroleum Reserve to prevent gas prices from rising in the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts told President Donald Trump in a letter on Wednesday. “An immediate release of gasoline or crude oil, if ..
Texas Shale Hit Hard By Hurricane Harvey
Crude oil prices are taking a serious hit from Hurricane Harvey, slammed on multiple fronts at a time when benchmark prices were already showing some signs of strain. As has already been widely noted, Hurricane Harvey has knocked out major refineries along the Gulf Coast. Goldman Sachs said in a re..
Tribes Say Dakota Access Shutdown Impact Overstated
Tribes say the impact of shutting down the Dakota Access pipeline construction project while an environmental review is finished is being overblown.
Hurricane Harvey Is A Disaster For OPEC
The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That has knocked more refineries offline, including the largest refinery in the United States. In the aftermath of th..
Colombia Pipeline Bombing Takes 210,000 Bpd Off The Market
A bombing of the Cano Limon oil pipeline in Colombia has led to the suspension of crude flow, sources from Ecopetrol and Colombia’s army told Reuters. Leftist militant group ELN was behind the attack, the sources said, who declined to be identified ahead of an official announcement. Some crude oil ..
Energy Trade Groups Get Say on Dakota Access Shutdown
Energy trade groups weigh in on whether to shut down the Dakota Access pipeline construction project as an ongoing environmental review is conducted.
- 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
