Business & Markets
FERC: Phase 1B of the Rover Pipeline Can Be Placed in Service
FERC says Energy Transfer Partners can place Phase 1B of the Rover pipeline construction project in service.
Gas Line Explosion Raises Concerns About Old Michigan Pipes
ORION TOWNSHIP, Mich. (AP) — Environmental advocates say Michigan’s aging gas pipelines have a heightened risk of corrosion or other material failure that could cause a fire or explosion. The concerns follow last month’s gas explosion in Orion Township, about 30 miles north of Detroit, The De..
Hearing Set on Natural Gas Pipeline in Maryland
Maryland regulators schedule hearing concerning natural gas pipeline construction project.
Canadian Producers Struggle To Find Transport for Oil Cargo
Oil producers in Canada are having trouble finding rail space for their commodity due to a pipeline shutdown that caused a backup in Alberta tank farms. “It’s hard for the railroads to change their operating plan really quickly,” Steve Owens, rail analyst at IHS Markit, said in a phone interview wi..
Key Pipeline Closure Amplifies OPEC’s Efforts
OPEC’s continued efforts to draw the global oil glut down to its five-year average are receiving an unexpected shot in the arm by an oil pipeline outage. But this time, it’s not the usual suspects of Libya, Nigeria, or Iraq. It’s a shutdown of a major oil pipeline in the North Sea, which is expecte..
EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
Top federal energy analysts lowered their estimates for oil demand growth in 2018 by 40,000 barrels per day, according to the Energy Information Administration’s newest monthly forecast. Still, oil demand growth in 2017 received an 80,000-bpd boost to 1.39 million bpd in the Short Term Energy Outlo..
'Perfect Storm' Wreaks Havoc On Europe’s Energy Market
The natural gas market in Europe suddenly got a lot tighter this week, with two unexpected supply outages wreaking havoc across the continent, forcing Italy to declare a state of emergency. The first incident that made big headlines was the crack in the Forties pipeline in the North Sea, which caus..
U.S. Shale Output Rises As OPEC Production Falls To 6-Month Low
OPEC’s crude oil production dropped to a six-month low in November, while U.S. and other non-OPEC supply has grown stronger than initially expected this year, which prompted the cartel to revise up on Wednesday its estimates for non-OPEC supply growth in 2018. OPEC’s crude oil production fell by 13..
Why Is Canadian Oil So Cheap?
Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January contract and US$27 for the December contract, after Enbridge announced a new rationing of space in parts of its Mainline network, which is used to carry most of the crude Canada exports ..
Rhode Island Regulators Vote in Support of Natural Gas Facility
PROVIDENCE, R.I. (AP) — Rhode Island regulators say a liquefied natural gas facility on the Providence waterfront does not violate state policy, despite the uproar from local residents. The Providence Journal reports the Coastal Resources Management Council made their decision Tuesday. While ..
New Mexico Oil and Gas Companies Sign on to Reduce Emissions
ALBUQUERQUE, N.M. (AP) — Some of the biggest names in energy production in New Mexico have signed on to a national effort within the oil and gas industry to curb methane emissions as pressure mounts for states to enact more pollution laws. The move comes as the U.S. Interior Department announced it..
Plains All American Launches Open Season for Cactus II Pipeline
Plains All American pipeline launches an open season for the Cactus II pipeline construction project.
Venezuela Orders Probe into Ex-Oil Czar, UN Ambassador
CARACAS, Venezuela (AP) — Venezuela’s chief prosecutor has launched a probe into the country’s former oil czar and ambassador to the United Nations for alleged ties to a vast corruption scheme at the state oil company, officials said Tuesday. The investigation against Rafael Ramirez comes one week ..
Nobody Hurt in Central Texas Natural Gas Pipeline Fire
SOMERVILLE, Texas (AP) — Authorities are trying to determine what sparked a natural gas pipeline fire in Central Texas in an early-morning blaze that could be seen for several miles. The Burleson County Sheriff’s Office says nobody was hurt in the fire reported about 3 a.m. Wednesday at a rural sit..
Hilcorp, Vitol to Explore Building Crude Oil Terminal, Pipeline in South Texas
Hilcorp and Vitol reach agreement to explore building a crude oil terminal and associated pipeline in South Texas.
Judge Refuses to Dismiss Pipeline Lawsuit
SOUTH PORTLAND, Maine (AP) — A federal judge has rejected another attempt by South Portland to dismiss a lawsuit by the Portland Pipe Line Corp. over a ban on crude oil exports. The lawsuit challenges the Clear Skies ordinance, which bans the loading of crude oil into tankers in South Portland. The..
Noble Midstream, Greenfield Midstream form JV, Acquire Saddle Butte Pipeline
Noble Midstream Partners LP and Greenfield Midstream, LLC have formed a joint venture, Black Diamond Gathering, LLC, that has entered into definitive agreements to acquire Saddle Butte Rockies Midstream, LLC and affiliates for $625 million. Under the terms of the transaction, Noble Midstream will o..
Virginia Regulators Issue Water Quality Certification for the Atlantic Coast Pipeline
Virginia regulators approve water quality certification for the Atlantic Coast pipeline construction project.
1 Dead, 21 Hurt in Explosion at Natural Gas Plant in Austria
BERLIN (AP) — An explosion Tuesday at a major natural gas facility near Austria’s border with Slovakia killed one person and left 21 others injured, and caused some gas flow disruptions to other countries, authorities said. One person was seriously injured and 20 others were slightly hurt in ..
Siemens to Build 2 Natural Gas Power Plants in Libya
BERLIN (AP) — Germany’s Siemens says it has signed contracts worth some $824 million to build two gas-powered power plants in Libya. The Munich-based industrial conglomerate said Monday that the plants will be built in Misrata and Tripoli and that the value of the contracts with the state-owned Gen..
World Bank Will Stop Financing Oil, Gas Projects
PARIS (AP) — World Bank President Jim Yong Kim says the World Bank will stop financing oil and gas projects in two years. Speaking at the climate summit outside Paris, Jim Yong Kim said Tuesday the World Bank will cease financing exploration and extraction projects after 2019, except “in exceptiona..
Kinder Morgan Wins Appeal To Start Trans Mountain Work
Canada’s National Energy Board (NEB) on Thursday ruled in favor of Kinder Morgan, saying the company is not required to comply with two sections of the City of Burnaby’s bylaws as it prepares to begin construction of the Trans Mountain Expansion Project. The Project envisages the twinning of the ex..
Forties Pipeline Could Remain Shuttered For Weeks
The Forties oil and gas pipeline shutdown on Monday, causing energy prices in the United Kingdom to spike in the afternoon, according to a new report by Reuters. Brent Crude, which Forties carries, also spiked to a two-and-a-half-year high on news of the stoppage. Wholesale gas prices for immediate..
Virginia Panel Weighs Key Approval for Atlantic Coast Pipeline
Virginia regulators to vote soon whether to grant a water quality certification for the Atlantic Coast pipeline construction project.
Michigan Panel Urges Temporary Shutdown of Mackinac Pipeline
LANSING, Mich. (AP) — A government safety panel on Monday urged the temporary shutdown of twin oil pipelines in the Straits of Mackinac until their operator can finish inspections and repair coating gaps, after some members expressed concerns over a recent deal between the state and Enbridge Inc. T..
Open Season Launched for Texas Pipeline Construction Project
Enbridge and Phillips 66 begin open season for a crude oil pipeline construction project in Texas.
Environmental Groups File Lawsuit to Try to Block Pipeline
A coalition of environmental groups files a lawsuit against the Mountain Valley pipeline construction project.
Virginia Water Board Certifies Mountain Valley Pipeline
Virginia’s Water Control Board issues certification for the Mountain Valley pipeline construction project.
North Carolina Regulators Want More Information on Pipeline
North Carolina regulators want more information before deciding whether to issue a permit for the Atlantic Coast pipeline construction project.
TransCanada Plans Pipeline Meetings in 3 Nebraska Cities
TransCanada schedules public hearings concerning the Keystone XL pipeline construction project in three Nebraska towns.
- 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
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
