Business & Markets
Archrock Acquires Elite Compression for $410 Million
Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.
Magellan Considering Sale of Stake in Longhorn Pipeline
U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.
Laying of Gas Pipeline Between Finland and Estonia Complete
The laying of a gas pipeline in the Baltic Sea connecting Finland and Estonia, built to help both countries reduce their dependency on Russian gas, has been completed, one of the partners in the project said on Monday.
Ohio Refineries Fear Michigan Line 5 Pipeline Shutdown
Operators of refineries in Ohio are worried that a potential shutdown of a Great Lakes oil pipeline in Michigan could push up their costs or even force them to close.
Syria: Sabotage Damaged Subsea Oil Pipelines
Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria's oil ministry.
Druzhba Pipeline Flows to Poland Resume after Shutdown
Oil flows to Poland through the Druzhba pipeline resumed on Thursday after being suspended on Wednesday evening due to the discovery of contaminated oil, Polish pipeline operator PERN said.
Energy Transfer to Expand Dakota Access Capacity
Energy Transfer Partners (ET) plans to nearly double the capacity of Dakota Access Pipeline up to 1.1 MMbpd from a current capacity of more than 500,000 bpd, according to a Wednesday filing with the North Dakota Public Service Commission.
Phillips 66 Plans Crude Export Terminal, New Pipelines Offshore Texas
Phillips 66 confirmed plans for a deepwater crude export terminal off the Texas Gulf Coast to transport production from the Permian and Bakken basins to international markets via its recently announced Red Oak and Liberty pipelines.
Canadian Oil Sector Anticipates Nod for Trans Mountain Pipeline Expansion
Canada's energy sector and politicians across the spectrum were anticipating the government would approve a hotly contested oil pipeline expansion on Tuesday after years of debate and court challenges.
Anadarko to Proceed with $20 Billion Mozambique LNG Project
Anadarko Petroleum Corp has formally sanctioned the construction of a $20 billion gas liquefaction and export terminal in Mozambique, energy consultant Wood MacKenzie said Tuesday. It is the largest single LNG project ever sanctioned in Africa.
Egypt Agrees to Pay Israel $500 Million to End Gas Dispute
Egypt says it has struck a deal with the state-owned Israel Electric Corp to settle a fine for halting deliveries of natural gas.
U.S. Shale Oil Output to Rise to Record 8.52 MMbpd in July EIA
U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
EQM Raises Cost, Delays Timing of Mountain Valley Pipeline
EQM Midstream Partners said Monday it has raised the estimated cost of its Mountain Valley gas pipeline from West Virginia to Virginia to $4.8-$5.0 billion and delayed its completion to mid-2020 due to ongoing legal and regulatory challenges.
U.S. Allows Iraq to Import Iranian Gas for 3 More Months
The United States has allowed Iraq to import Iranian gas for its power grid another three months by extending a waiver to sanctions - but insists that Baghdad seek alternative sources.
Russia's Transneft says Druzhba Pipeline to Resume on July 1
Russian pipeline monopoly Transneft expects the Druzhba pipeline to resume full operations from July 1, TASS news agency cited the company's vice president Sergey Andronov as saying on Friday.
U.S. Senator Introduces Bill to Sanction Nord Stream 2 Pipeline
U.S. Senator John Barrasso introduced a bill to slap sanctions on individuals and companies developing Russia's Nord Stream 2 natural gas pipeline, a day after President Trump said he was considering sanctions on the pipeline.
ExxonMobil to Expand Infrastructure for Growing Argentina Production
ExxonMobil announced it will proceed with a long-term oil development in Argentina's Vaca Muerta shale, including the construction of pipeline and export infrastructure to support an expected 55,000 oil-equivalent bpd by 2024.
Trump Considering Sanctions Over Russia's Nord Stream 2
U.S. President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project and warned Germany against being dependent on Russia for the fuel.
Major Restructuring of Middle East Gas Exports
In the Eastern Mediterranean, large discoveries of natural gas have been found off the coast of Israel and Egypt earlier in the decade. This together with increased demand for gas across the region are now reshaping both production and market demand, requiring construction of a series of new pipelines and LNG import and export facilities.
Bayou Bridge Launches Open Season for Expanded Joint Tariff Service
Bayou Bridge Pipeline launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.
Tallgrass Tackles Project on Further Pony Express Pipeline Expansion
Tallgrass Energy is pursuing a project to support crude oil production in northern Weld County, Colo., near the border between Wyoming and Colorado. The Hereford Project will include 30 miles of 12-inch pipeline, as well as expanded capacity on the Pony Express system.
Tellurian Sets Binding Open Seasons for 2 Proposed Pipelines
Tellurian subsidiaries will begin separate open seasons on two proposed natural pipelines that will connect constrained shale production areas to the growing industrial market in Southwest Louisiana.
Magellan Optimistic About Cushing-to-Houston Crude Pipeline
Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said.
New Cogent Pipeline to Connect Processing Complex to GCX
Cogent Midstream said it plans to build a new 400 MMcf/d pipeline to deliver residue gas from its Big Lake Natural Gas Processing Complex in the Midland Basin to the Gulf Coast Express Pipeline (GCX).
Rangeland Plans Crude Gathering Project in Alberta
Rangeland Midstream Canada plans to design, construct and operate new crude oil and condensate pipelines in the Marten Hills region of north central Alberta.
China to Raise Tariffs on LNG Imports from United States
China announced it would raise tariffs on LNG imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world’s fastest growing importer of the fuel.
$1.6 Billion Liberty Pipeline Construction to Proceed Under Phillips 66, Bridger JV
Phillips 66 and Bridger Pipeline announced that they are proceeding with construction of the $1.6 billion Liberty Pipeline from the Rockies and Bakken production areas to Cushing, Okla.
Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System
Plains All American Pipeline and Phillips 66 announced they will proceed with construction of the Red Oak Pipeline system in a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.
Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play
As Canadian oil production has outpaced pipeline takeaway capacity, demand for storage in the oil sands province of Alberta has increased.
Petrobras, Government Dodge Bullet as Court Approves Asset Sales
Brazil's Supreme Court ruled that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras.
- 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
