Business & Markets
Natural Gas Flaring in Permian Hits Record High in Q1
Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of 2019 due to the lack of pipelines, at a time of increased focus on methane emissions.
Longhorn Midstream Launches Open Season for Delaware Basin Gathering System
Longhorn Midstream today announced that one of its subsidiaries, LM Touchdown Crude, has launched a binding open season to obtain commitments to support the development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin.
Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project
Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.
Sources: ADNOC Hires BAML, Mizuho for Natural Gas Pipelines Deal
Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil giant establishes new partnerships in an era of lower oil prices.
Lack of New Canadian Pipelines Worries Oil Producers
Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada's oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts.
Sources: New Permian Pipeline Flow to Outpace Storage
As new pipelines begin to move Permian crude towards the Gulf Coast, traders and analysts worry there may not be enough connections or storage to handle the demand.
Total Agrees to Buy LNG from Tellurian's Proposed Driftwood Project
LNG developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company's proposed $30 billion Driftwood export project in Louisiana.
Meritage Midstream Extends Binding Open Season on Thunder Creek NGL Pipeline System
Meritage Midstream has extended the binding open season to secure volume dedications to support the proposed construction and development on its Thunder Creek natural gas liquids pipeline.
Bolivia Seeks to Buy Petrobras Stake in Gas Pipeline to Brazil
Bolivia's state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday.
Plains All American Announces Open Season on Western Corridor Pipeline System
An affiliate of Plains All American Pipeline today announced a binding open season for long-term commitments for light crude oil transportation service on its Western Corridor Pipeline System
Jemena Starts Construction of Queensland Atlas Gas Pipeline
Jemena said it has commenced construction of the Atlas Gas Pipeline, a 38-mile (60-km) project that will deliver natural gas earmarked for domestic consumption from Queensland's first domestic-only gas supply.
Medallion Starts Open Season for Midland Crude System, Joint Tariff Service
Medallion today launched a binding open season to solicit binding, long-term commitments to support a new crude oil gathering system in the Midland Basin and a new joint tariff transportation service by Medallion Midland Gathering (MMG) and Medallion Pipeline.
Russia's Transneft Slams Rosneft Over Tainted Oil Crisis
Russian state-owned pipeline monopoly Transneft criticized oil producer Rosneft on Monday, alleging it had dragged its feet over quality controls and making unsubstantiated damages claims.
Petrobras Strikes Deal with Regulator to Sell Natural Gas Assets
Brazi's Petrobras has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the company said in an exchange filing on Monday.
Pipeline Expansion, Reversal May Offset Pa. Refinery Losses
The Central Atlantic Region is turning to more imports after the catastrophic fire and closure of Philadelphia Energy Solutions' 335,000 pbd refinery, but a longer-term solution may involve the expansion or reversal of major pipeline to bring more product from Ohio.
Permian to Need More Crude Takeaway Capacity After Brief Overbuild: WoodMac
Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is be needed.
Israel's Delek: Pipeline Gas Exports to Egypt by Year End
Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but it did not begin commercial sales by the end of June as it had initially hoped.
Construction Begins on Middle Section of China-Russia East-Route
Construction of the middle section of the China-Russia east-route natural gas pipeline project, a major energy cooperation project between the two countries, began in Shenyang City of northeast China's Liaoning Province on Thursday.
Supplemental Open Season Launched for Red Oak, Liberty Pipelines
Phillips 66 and joint-venture partners Bridger Pipeline and Plains All American announced a supplemental open season seeking additional crude oil transportation commitments for joint service on the planned Red Oak and Liberty pipelines from production areas in the Rockies and Bakkan to Cushing, Okla., and multiple locations along the Texas Gulf Coast.
Gazprom Signs Five-Year Natural Gas Deal With Turkmenistan
Gazprom has signed a 5-year contract with Turkmengaz to purchase natural gas, the Russian gas producer said on Wednesday.
UGI Buying $1.28B Columbia Midstream Assets from TC Energy
Energy distributor UGI Corp said on Tuesday it would buy some assets of Columbia Midstream Group from pipeline operator TC Energy Corp for about $1.28 billion to expand its midstream business.
Druzhba Pipeline Flows Resume Full Volume
Russian pipeline monopoly Transneft announced that crude flows have resumed in full on its Druzhba pipeline.
Brazil's Petrobras Seeks to Exit Gas Distribution Business This Year: CEO
Brazil’s state-controlled oil company Petrobras will leave the gas distribution business in Brazil, disposing of all of its assets in the area, Chief Executive Roberto Castello Branco said.
TechnipFMC Awarded Subsea Contracts for Reliance MJ1 Field in India
TechnipFMC said it has been awarded significant subsea contracts by Reliance Industries for the MJ1 field offshore India. The contracts cover fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals.
Critical Notice on Alliance Pipeline Rearranges Midwest Flows
The Alliance Pipeline posted a critical notice announcing zero flows on the line between June 18-21 for pipeline repairs in Iowa and Illinois, but the region met customer demand using alternative supply options and storage access.
Gazprom Signals Tough Talks with Ukraine on Gas Transit to EU
Alexei Miller, the head of Russian gas giant Gazprom, on Friday warned of difficult talks with Ukraine on gas transit to Europe once the current deal expires at the end of the year.
Plains' Cactus II Oil Pipeline to Begin Line Fill in a Week, According to Source
Plains All American Pipeline LP’s 670,000 bpd Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said.
Shell Selling Canadian Midstream and Upstream Assets for $140 Million
Canada’s Pieridae Energy will buy gas assets in Alberta from Royal Dutch Shell for $144.77 million, Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern Canada.
Canada Eases Oil Production Curtailments for August
Canada is easing its curtailments on crude oil production for August, citing Increased rail capacity and improved pipeline efficiency.
Flint Hills Considering Sale of Texas Crude Export Terminal
U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday.
- 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
