Business & Markets
Enterprise Begins Open Season for ATEX Ethane Pipeline
Enterprise Products Partners has announced the start of a binding open season to determine demand for expanded capacity on the partnership’s Appalachia-to-Texas (“ATEX”) ethane pipeline.
Gulf Coast Crude Prices Slide After Threat of Chinese Tariffs
China’s threat on Friday to slap a 5% tariff on U.S. oil imports could further soften demand for physical crude at hubs along the U.S. Gulf Coast, where exporters already have taken to shipping crude overseas without firm buyers, traders said.
Tellurian Files for FERC Review of Permian Global Access Pipeline
Tellurian has asked the Federal Energy Regulatory Commission (FERC) to initiate a review of its proposed Permian Global Access Pipeline following an oversubscribed open season for the 625-mile natural gas project from West Texas to Southeast Louisiana's growing LNG export market.
H2O Midstream Acquires Sabalo Energy Produced Water Assets, Closes 15-Year Service Agreement
H2O Midstream has announced the acquisition of produced water infrastructure from Sabalo Energy, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling services to Sabalo.
Permian Basin Natural Gas Prices Rise as GCX Nears Completion
Natural gas spot prices at the Waha hub in West Texas closed at their highest price since March as the 2 Bcf/d Gulf Coast Express (GCX) pipeline is preparing to enter service, according to a Thursday update from the U.S. Energy Information Administration (EIA).
Brazil's LNG-to-Power Complex Funded; Phase 2 Underway
The Natural Gas Acu joint venture between Prumo Logistica, BP and Siemens has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW Phase 1 of its LNG-to-Power complex at the Port of Acu.
Bakken Oil Flows Hit 6-Month High as Rail to East Coast Drops
Crude pipeline flows from North Dakota's Bakken shale field have climbed to the highest in six months after the June closure of the largest U.S. East Coast refinery cut crude-by-rail volumes, according to traders and market intelligence firm Genscape.
Mexican President Hopes for Pipeline Deal Next Week
Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution.
New Permian Pipelines May be Hurting U.S. Crude Exports
Two long-awaited pipelines out of the busiest U.S. shale patch started shipping oil to Gulf Coast export hubs last week - just as U.S. crude barrels suddenly do not look all that attractive to buyers around the world.
Lotus Midstream Considers Reversing West Texas to Cushing Pipeline
Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies.
Sources: Majors Stuck with Tainted Russian Crude While Compensation Talks Continue
BP and Glencore are struggling to sell around 600,000 tons of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources.
Canada's Alberta Extends Oil Curtailments Through 2020 Due to Slow Pipeline Progress
The government of Canada’s main oil-producing province, Alberta, said on Tuesday it was extending mandatory curtailments on crude production by an extra year through 2020, because of uncertainty about when expanded pipelines may come online.
Pembina to Acquire Kinder Morgan Canada, Cochin for $3.3 Billion
Calgary-based Pembina Pipeline has agreed to acquire Kinder Morgan Canada and the U.S. portion of the Cochin Pipeline system in a $3.3 billion deal that expands its Canadian storage capacity in a period of high demand.
Investors Flock to Finance Calcasieu Pass LNG Construction
Venture Global said it has made a final investment decision to proceed with construction of its $5.8 billion Calcasieu Pass LNG facility after its financing was nearly two times oversubscribed with more than $10 billion in binding commitments
Natural Gas Deliveries to U.S. LNG Export Facilities Set Records
Natural gas deliveries to U.S. LNG export facilities set a monthly record in July 2019, averaging 6 Bcfd, or 7% of the nation's total dry natural gas production, the U.S. Energy Information Administration (EIA) reported.
Pipeline Shippers Challenge Plains' Steel Tariff Surcharge
Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
China's CNPC Suspends Venezuelan Oil Loading Due to U.S. Sanctions: Sources
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.
Ukraine Plans to Create Capacity for Romanian Gas Imports
Ukraine, preparing for a possible cut in Russian gas supplies, has agreed with neighboring Moldova to modernize their border gas metering stations so it can receive gas from Romania, Ukraine's gas transport company Ukrtransgaz said on Monday.
LNG Steals Euro Market Share from Pipeline Gas, Breaking 4-Year Trend
Europe's two biggest suppliers of pipeline gas, Norway's Equinor and Russia's Gazprom, have lost market share for the first time in at least four years amid a tripling in LNG imports into the region over the past 10 months.
ICE, Magellan to Offer Dock Capacity to Houston Oil Futures Customers
Intercontinental Exchange and Magellan Midstream said this week they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate (WTI) crude futures contracts.
Pipeline Constraint in North Dakota Causes Flaring to Reach Record Levels
Regulators say the volume of natural gas flared in June reached an unprecedented level due to shutdowns of several natural gas processing facilities and pipelines.
Freeport LNG to Load First Cargo From Texas Plant
Freeport LNG, which recently received federal approval for construction of a fourth liquefaction train at its Quintana Island plant, appears on schedule to load its first LNG shipment to Asia from Train 1 in the third quarter.
Bid for Inter Pipeline Highlights Strength of Canada's Midstream Sector
A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada’s midstream companies to offer insulation from volatile oil prices.
EPIC Midstream Ships First Crude on New Permian-Gulf Coast Pipeline
EPIC Midstream Holdings Inc on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices higher, traders said.
Ukraine Preparing for Russian Gas Supply Cut if Transit Deal Falls Through
Ukraine's gas transport company Ukrtransgaz has upgraded several gas pumping stations so it can provide gas to eastern and southern regions of the country if there is a disruption in supply from Russia, the company said on Wednesday.
NuStar Energy Receives First Shipment of Permian Crude Oil From Cactus II Pipeline
NuStar Energy has announced that it has received its first shipment of Permian crude at its Corpus Christi North Beach Terminal, and that the terminal will load the first cargo of the long-haul Permian crude onto a ship for export this weekend.
Anadarko Midstream Group Gets New Oxy Leadership After Buyout, Could Hint at Future Sale
Less than a week after Anadarko’s shareholders overwhelmingly approved its acquisition by Occidental Petroleum (Oxy), the new owners have replaced executive leadership at Western Midstream (WES), a business that is viewed as a prime target for sale by Oxy as it seeks to reduce debt from the buyout.
Mid-East Group, Russia Split on Caspian Resources, Pipeline
Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth.
BP Considers Shipping Non-Diluent Products on U.S.-Canada Pipeline
BP Midstream Partners is considering shipping other products besides diluent on its 135,000 barrel per day Diamondback pipeline, which helps transport diluent from the United States to Canada, Chief Executive Rip Zinsmeister said on Thursday.
EIA: U.S. Gas, Shale Oil Output to Hit Record in September
U.S. oil output from seven major shale formations is expected to rise by 85,000 bpd in September, to a record 8.77 MMbpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- 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
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
