Business & Markets
Gas Pipeline Explosion Kills Man Doing Maintenance Work
NAVARRE, Ohio (AP) — A sheriff’s office says a natural gas pipeline explosion in Ohio killed a man doing maintenance work. The explosion Monday killed a Columbia Gas Transmission pipeline worker and caused a large gas leak just south of Canton that forced authorities to evacuate the neighborhood. ..
Global Oil Supply Disruptions Lowest Since 2012
Unplanned disruptions in global oil supply dropped to 1.6 million barrels per day (bpd) in September 2017, which was the lowest level of crude offline due to unforeseen events since January 2012, the Energy Information Administration (EIA) said on Monday. The main reasons for the lowest unplanned c..
300,000 bpd Offline As Kurdistan Conflict Continues
Crude oil flows from Kurdistan to Turkey’s port city of Ceyhan continued at rates of between 200,000 and 250,000 bpd over the weekend, versus a normal flow of between 550,000 and 600,000 bpd, sources from the shipping industry told Reuters. Last week, Iraq’s Oil Minister Jabbar Al-Luaibi ordered st..
West Texas Pipeline System to be Expanded
NGL pipeline construction project planned in the Delaware Basin.
6 More Protesters Arrested at Atlantic Sunrise Pipeline
Six more Atlantic Sunrise pipeline construction project protesters arrested.
More Rover Pipeline HDD Activities Can Resume
FERC says Energy Transfer Partners can restart HDD activities at two locations along the Rover pipeline construction project.
Piped Gas vs. LNG: Competition May Be Heating UP
Historically, the world trade of gas has been dominated by piped gas with first-ever commercial LNG cargo being delivered to the UK from Algeria in 1964. The growth of the fuel was steady, but accelerated when Qatar entered the supply market with huge LNG trains almost 10 years ago. Recent developm..
Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
While tensions between Iraq’s federal government and the Kurdistan region continue to escalate, Russia’s state-controlled oil giant Rosneft said on Thursday that it had agreed with the Kurdistan Regional Government to take majority control in the operation of the oil pipeline in the Kurdish region, ..
Shell Nigeria Lifts Force Majeure on Bonny Light Exports
WARRI, Nigeria (AP) — Royal Dutch Shell’s Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago. Company spokesman Joseph Obari says the force majeure was lifted Thursday. It was imposed on Sept. 16 after a major pipeline, the Nembe Creek Trunk..
More Oil than Initially Believed Spilled off Louisiana Coast
NEW ORLEANS (AP) — The Coast Guard says the amount of oil discharged into the Gulf of Mexico off Louisiana’s coast last weekend is substantially higher than initial estimates. The Coast Guard says multiple flights over the area have detected no recoverable oil. Skimming vessels from Clean Gulf Asso..
TANAP Awarded $500 Million in Financing
The Trans-Anatolian Natural Gas pipeline construction project receives $500 million in financing from the European Bank for Reconstruction and Development.
Protesters Shut Down Pipeline Construction Project Hearing
Protesters shut down public hearing concerning Enbridge's Line 3 pipeline construction project in Minnesota.
Natural Gas Production Tax Gets Life in Pennsylvania House
HARRISBURG, Pa. (AP) — The potential for a tax on Marcellus Shale natural gas production gained new life Wednesday, as a bill emerged from a state House committee and Democratic Gov. Tom Wolf urged leaders of the Republican-controlled chamber to speed it to a floor vote. Wolf, who has long sought t..
Washington Neighborhood Evacuated after Mudslide Hits Gas Line
EDMONDS, Wash. (AP) — A neighborhood in a Seattle suburb was evacuated after a mudslide breached a natural gas line. KOMO-TV reports that emergency officials responded to the scene at about 5:40 a.m. Thursday in the Snohomish County city of Edmonds after receiving reports of a gas leak. About 30 h..
Pipeline Protest Charges Dismissed Against Journalist
Judge dismisses protest charges against journalistrelated to the Dakota Access pipeline construction project.
OPEC Favors 9-Month Extension Of Production Cut Agreement
OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of extending the cuts through end 2018 has been discussed before, and OPEC has been saying for quite some ti..
Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
The flow of crude oil through the Kurdistan pipeline from Kirkuk to the Turkish port of Ceyhan have plummeted to some 225,000 bpd, from a typical flow of around 600,000 bpd, Reuters reported on Wednesday, citing a shipping source. On Tuesday the crude oil flows were some 500,000 bpd, said the sourc..
Kinder Morgan Warns About Trans Mountain Delays
Kinder Morgan has warned that its Trans Mountain oil pipeline expansion project is facing possibly months of delays because of the timing of permit issuance and other regulatory approvals. The delay could be as long as nine months, Kinder Morgan’s chief executive Steven Kean said in a recent confer..
Oil Company Proposes Arctic Drilling from Artificial Island
ANCHORAGE, Alaska (AP) — America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won’t be from a remote drilling platform. Federal regulators are taking comments on a draft environmental statement for the Liberty Project, a proposal by a subsidiary of Hous..
Open Season Launched for Pipeline Construction Project
Medallion Midstream launches open season for a new crude oil pipeline construction project in the Delaware Basin.
Judge to Hear Arguments on Tribe's Pipeline Contingency Plan
Federal judge to rule on tribe's Dakota Access pipeline construction project request.
Connecticut Regulators Investigating Gas Companies for Withholding Pipeline Capacity
Eversource and Avangrid under investigation for allegedly breaking pipeline regulations in Connecticut.
IEA: Oil Prices To Hit A Ceiling In 2018
The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in 2018, according to a new report from the International Energy Agency. In its monthly Oil Market Report published Th..
The Natural Gas Market Is Set To Boom
Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas in their production portfolios. All current projections point to natural gas as the fastest-growing fossil fuel in the energy mix for decades to come. ..
Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply
While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil supplies, according to Goldman Sachs. On Friday, U.S. President Donald Trump said he was officially withdrawing ..
Oil Spills Into Gulf of Mexico After Underwater Pipeline Bursts
NEW ORLEANS (AP) — The U.S. Coast Guard is responding to an oil spill off the coast of Louisiana. The Bureau of Safety and Environmental Enforcement said in a news release Friday that oil spewed out of an underwater fractured pipe in the Gulf of Mexico about 40 miles (64 kilometers) southeast..
US Looking to Japan for Help in Boosting LNG Exports to Asia
TOKYO (AP) — The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday. Japan’s trade and industry minister announced Wednesday ..
Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
Crude oil inventories are still coming down. The American Petroleum Institute (API) reported a huge draw of 7.130 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories would draw down by 3.9 million barrels for the week ending..
The U.S. LNG Boom Could Be About To Stall
While speaking before industry executives last June, United States President Donald Trump asserted that he had “ended the war on coal” and that America would be “dominant” in energy. But where does this all stand now? Much of the Trump administration’s hope for achieving dominance requires increasi..
Minnesota Judge Allows Necessity Defense in Pipeline Case
MINNEAPOLIS (AP) — A Minnesota judge has taken the unusual step of allowing four protesters to use a “necessity defense,” enabling them to present evidence that the threat of climate change from Canadian tar sands crude is so imminent that they were justified in trying to shut down two Enbridge Ener..
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- 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
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- 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
