Business & Markets
OPEC Concedes That U.S. Shale Won’t Die
OPEC just significantly overhauled its expectations for North American shale, projecting strong supply growth through the early 2020s. The revision came as part of OPEC’s World Oil Outlook (WOO), and it represents an acknowledgment from the cartel that it has failed to kill off U.S. shale by floodin..
Is Peak Permian Only 3 Years Away?
The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say. However, signs have started to emerge that the relentless intensification of drilling leads to diminishing returns, Simon Flow..
Iran Denies Involvement In Bahrain Oil Pipeline Blast
Tehran has denied that it had anything to do with the blow-up of Bahrain’s biggest oil pipeline that carries crude from Saudi Arabia. In a statement carried by media, the spokesman for Iran’s Foreign Ministry said “It seems the only thing that Bahraini officials have learned to do after any inciden..
Bahrain Says Militants Attacked Oil Pipeline
DUBAI, United Arab Emirates (AP) — An explosion ripped through a pipeline belonging to Bahrain’s state-run oil company and sent flames shooting up into the night sky, with government officials on Saturday blaming the blast on an attack by militants guided by Iran. No one was injured in the explosio..
$43 Billion China-Alaska Energy Deal Looks Shaky
Alaska and China's recent agreement to proceed with a natural gas pipeline construction project isn't ironclad, by any means.
Alaska Lawmaker Sees Financial Boon in Refuge Drilling
WASHINGTON (AP) — Alaska Sen. Lisa Murkowski says her legislation to open Alaska’s Arctic National Wildlife Refuge to oil and gas drilling would generate $2 billion in royalties over the next decade — with half the money going to her home state. But environmental groups and other critics call those..
West Virginia Signs Natural Gas Investment Pact with China Energy
CHARLESTON, W.Va. (AP) — West Virginia officials announced an agreement on Thursday with China Energy Investment Corp. Ltd. for the company to invest $83.7 billion in shale gas development and chemical manufacturing in West Virginia over 20 years. State Commerce Secretary Woody Thrasher and China E..
Minnesota Agency Won't Reschedule Line 3 Hearings
Public hearings concerning Enbridge's Line 3 pipeline construction project to not be rescheduled in Minnesota.
Oil Majors See Profit In Carbon Capture And Storage
When the World Meteorological Organization (WMO) released a new report regarding the atmospheric concentration of CO2, it was the bearer of bad news. According to the report, CO2 levels reached a record high in 2016, growing 50 percent faster than the previous 10-year average. With this, the scienti..
Citi: Don’t Expect OPEC To Extend Production Cuts
Citigroup predicts that companies planning to profit off of an OPEC deal extension next month are setting themselves up to be disappointed. So far, most hedge funds bet that Brent futures will rise as a result of an agreement extension that will extend 1.2 million barrels per day worth of cuts thro..
Saudi Aramco Awards Pipeline Contracts
Saudi Aramco awards contracts for pipeline construction projects.
Natural Gas Leak Blamed for Ohio Home Explosion
COLUMBUS, Ohio (AP) — Investigators say a natural gas leak contributed to the home explosion in Ohio that killed a 54-year-old woman, but the cause of the leak is still unknown. In a statement Wednesday, Columbia Gas says they are confident their main lines and service lines did not contribute to t..
NioCorp Inks Deal with Rockies Express to Build Natural Gas Pipeline
NioCorp has signed an agreement with Rockies Express Pipeline LLC to build a natural gas pipeline construction project.
China Gets Bulk of Alaska Gas in Pipeline Plan
ANCHORAGE, Alaska (AP) — China would receive 75 percent of the natural gas from Alaska’s North Slope if a pipeline is built under an agreement signed Thursday in Beijing. Alaska Gov. Bill Walker signed the agreement with Sinopec, Bank of China and China Investment Corp. to advance a natural gas pip..
Appeals Court Denies Atlantic Sunrise Construction Stay
U.S. Court of Appeals denies work stoppage on the Atlantic Sunrise pipeline construction project.
Plains All American Pipeline Sells Crude Oil Terminals
A subsidiary of TransMontaigne Partners L.P. has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 million. The acquisition is expected to be financed through the proceeds of a..
Canadian Pipeline Construction Project Planned
Keyera Corp. to proceed with the North Wapiti pipeline construction project in Canada.
Pipeline Construction Project Hearing Begins in Canada
Canada’s National Energy Board (NEB) will hear oral cross-examination beginning today, Nov. 8, on an application from TransCanada to abandon a 266-kilometer section of its Peace River Mainline. The hearing will begin at 9 a.m. at the NEB’s Hearing Room in Calgary, and is open to the public. TransCa..
Canadian Regulators Set Hearing to Address Trans Mountain Expansion Constitutional Question
Canada’s National Energy Board (NEB) will hold a two-day oral hearing to address a motion filed by Kinder Morgan, which includes constitutional questions. The company filed a request with the NEB on Oct. 26, saying it had been unable to secure municipal permits that would allow the company to begin..
OPEC: U.S. Shale To Rise Much Faster Than Expected
Higher oil prices, robust oil demand growth, and higher upstream activity will lead to faster-than-previously-expected growth in U.S. shale production until 2022, OPEC said in its World Oil Outlook 2017 published on Tuesday. Compared to last year’s annual OPEC outlook, the medium-term outlook for n..
This Could Supercharge The U.S. Oil Exports Boom
ll the oil headlines this week are rightly focused on prices spiking to the highest levels in more than two and a half years. But Brent moved up to nearly a $7-per-barrel premium over WTI, a spread that is also at a multiyear high. The wide differential could supercharge crude oil exports from the U..
Michigan Senators Seek Federal Investigation of Pipelines
ST. IGNACE, Mich. (AP) — Michigan’s U.S. senators want federal regulators to determine whether the company operating twin oil pipelines in a crucial Great Lakes waterway has violated safety requirements. Democratic Sens. Debbie Stabenow and Gary Peters asked the Pipeline and Hazardous Materials Saf..
Foes of Obama Oil and Gas Rule Ask Court to Reconsider Ruling
DENVER (AP) — Opponents of Obama-era oil and gas regulations say a decision by a federal appeals court in Denver could allow those rules to go into effect temporarily, even though the Trump administration plans to revoke them. Four states, two industry groups and a Native American tribe filed docum..
Williams Partners Takes Legal Action Against Atlantic Sunrise Construction Halt
Williams Partners takes legal action against temporary work stoppage on the Atlantic Sunrise pipeline construction project.
Court Orders Pause in Atlantic Sunrise Pipeline Construction
Federal appeals court temporarily halts work on the Atlantic Sunrise pipeline construction project.
EPA Head Names Oil and Gas, Utility Executives to Science Advisory Boards
WASHINGTON (AP) — The head of the Environmental Protection Agency has named a slate of new members to federal science advisory boards, including several who work for chemical and fossil-fuel interests. EPA Administrator Scott Pruitt announced his appointments Friday, after saying he would block sci..
Construction Of TurkStream Gas Pipeline Reaches Turkish Waters
The TurkStream pipeline construction project reaches Turkish waters.
American Midstream Begins Service at AlaTenn Pipeline Connection
American Midstream Partners finishes pipeline construction project in the southeastern United States.
Enbridge Line 3 Faces Dakota Access-Style Opposition
Enbridge's Line 3 pipeline construction project should proceed as planned, despite intense opposition.
Ohio Sues Gas Pipeline Developer over Pollution Violations
Ohio regulators sue Energy Transfer Partners over pollution violations associated with the Rover pipeline construction project.
- 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
