Business & Markets
EPIC Midstream New CEO Targets Year End for U.S. Crude Export Operations
EPIC Midstream Holdings LP has begun filling a new 400,000 bpd oil pipeline that stretches from the Permian Basin to the U.S. Gulf Coast.
Oil Storage Pools Set Ablaze in Colombia During Pipeline Repairs
Colombia's state-run oil company Ecopetrol said intruders deliberately set fire to crude oil retention pools it was using for storage during repairs to its bomb-damaged Caño Limón-Coveñas pipeline.
South Africa Targets First LNG Import Terminal by 2024
State-owned freight logistics firm Transnet plans to launch a tender next year for South Africa's first terminal to import LNG at Richards Bay port, with first gas expected to land in 2024, a senior official said.
TurkStream 2nd String to Cross Bulgaria, Serbia, Hungary
The second leg of the TurkStream gas pipeline is planned to go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak said on Friday, as Moscow prepares to phase out gas transit to Europe via Ukraine.
FERC Reorganizes to Create New LNG Division, Open Houston Regional Office
Federal Energy Regulatory Commission (FERC) Chairman Neil Chatterjee has announced that the agency is creating a new division in its Office of Energy Projects to accommodate the growing number and complexity of applications to site, build and operate liquefied natural gas export terminals.
Williams Begins Service on Deepwater Gulf Gathering Pipeline System
Williams announced today that it has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell, operator, and CNOOC Petroleum Offshore extending 54 miles from the Shell-operated Appomattox Floating Production System in 7,400-feet of water to the Transco Main Pass 261A junction platform, located approximately 60 miles south of Mobile, Alabama.
Belarus Upset Over Transneft Compensation Cap, Calls Decision 'One-Sided'
Belarusian state oil firm Belneftekhim said on Wednesday it considered a decision by Russian oil pipeline monopoly Transneft on compensation for dirty oil to be “one-sided”.
Israel to Begin Gas Exports to Egypt Within Four Months
Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.
Transneft Sets Cap on Compensation for Pipeline Contamination
Russian oil pipeline monopoly Transneft on Wednesday set a cap of $15 per barrel for compensation stemming from contamination in its network.
Wisconsin Tribe Sues Enbridge to Force Pipeline Removal
A Native American tribe in Wisconsin is suing Enbridge Inc. in hopes of forcing the Canadian company to remove a key pipeline that runs through their reservation.
TechnipFMC Awarded Significant Integrated EPCI Contract in North Sea
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (EPCI) contract from Neptune Energy for the Seagull project, located in the Central North Sea.
Kinder Morgan Moves Closer to Construction of Third Permian Pipeline
Kinder Morgan is in discussions with customers about a third major Permian Basin natural gas pipeline, Permian Pass, which would deliver 2 Bcf/d of natural gas from Waha Hub to the Sabine area of the East Texas-Louisiana Gulf Coast.
Increased Supply From New Permian Pipelines Cuts Crude Prices
West Texas Intermediate crude at Magellan East Houston this week traded at the weakest level in almost a year as new pipelines from the Permian Basin to the U.S. Gulf Coast hub have begun operations, traders said.
Medallion Pipeline Launches Binding Open Season
Medallion Pipeline has announced a binding open season to solicit binding, long-term commitments for firm transportation utilizing capacity that Medallion has leased on the crude oil pipeline owned by EPIC Crude Pipeline.
IEA: U.S., China Will be World's Biggest LNG Exporter and Importer in 2024
The United States and China will become the world’s biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).
Sources: Enbridge Delays Start of Mainline Open Season
Enbridge Inc has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters.
Russia's Transneft, Oil Firms Clash over Pipeline System Clean-Up
Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil stuck in Russia's pipeline and storage system by diluting it with clean crude, four company sources said on Wednesday.
Enterprise Begins Service on Orla 3
Enterprise Products Partners has announced that service recently began on the third train at its Orla cryogenic natural gas processing plant in Reeves County, Texas.
China Asks for 'Friendly Consultation' in Malaysia Pipeline Dispute
The Chinese government has expressed hope for a “friendly consultation” with Malaysia to resolve a dispute of the building of two multibillion-dollar gas pipeline projects.
India to Phase Out Gas Distributor Monopolies in 34 Areas
The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.
Energy Transfer Announces Binding Open Season for Bakken Pipeline System
Energy Transfer today announced a Binding Open Season to solicit additional shipper commitments from the Bakken/Three Forks play in North Dakota to storage terminals located in Patoka, Illinois and Nederland, Texas.
LNG: Supporting Midstream Infrastructure as Financial Lifeline
When examining the global liquefied natural gas (LNG) trade, including the role of U.S. midstream infrastructure, there are various exogenous factors that can be part of the matrix.
Tanzania, Zambia Planning $1.5 Billion Oil Pipeline
Tanzania and Zambia plan to build a refined products pipeline to transport petroleum between the two countries at a cost of $1.5 billion, Tanzania’s Energy minister said.
Federal Permit Granted for Alaskan Pipeline Project
A company seeking to develop a large oil project on Alaska’s North Slope has won a key federal permit.
Bombing Attack Halts Pumping on Colombian Pipelines
Pumping on Colombia’s Bicentenario and Cano Limon oil pipelines was halted in mid-May after bomb attacks in recent days, sources from operators Bicentenario and state-run oil company Ecopetrol said.
Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play
Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc’s trading arm.
Russia’s Oil Output Hit 11-Month Low on Dirty Oil Crisis
Energy Ministry data showed Russian oil output fell to 11.11 MMbpd in May, its lowest level since June 2018, from 11.23 MMbpd in April – mainly from the closure due to oil contamination of the Druzhba pipeline, which usually ships 1 MMbpd, or 1 percent of global oil demand.
McDermott Announces First Cargo from Cameron LNG Train 1
McDermott International announced that the first cargo of LNG has been shipped from the Cameron LNG project in Hackberry, La., marking a key step in development of the facility and a precursor to the completion of Train 1. The latest development follows the announcement of first liquid from Cameron LNG Train 1 on May 14.
Saudi Aramco Inks 20-year Deal with Sempra for LNG Supply
Saudi Aramco has signed a 20-year agreement to buy LNG from an export terminal that U.S.-based Sempra Energy is developing on the Texas Gulf Coast.
Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit
Brazil’s state-run oil firm Petrobras was cleared to move forward with the sale of its TAG pipeline unit to France’s Engie SA after Brazil’s Supreme Court ruled that state-run firms do not need congressional approval to sell their subsidiaries.
- 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
