Pipeline
BP To Sell Minority Stake In Forties Pipeline
Oil Major BP is reportedly considering the sale of a minority stake in the Forties pipeline in the North Sea. The company said that it opened negotiations with potential buyers but failed to reveal details on the sale. The pipeline system is capable of carrying and processing some 1 million bar..
U.S. Oil Rig Count Holds Fast, Breaks 8-Week Freefall Streak
The total U.S. rig count (both oil and gas) fell again this week from 406 to 404. While the U.S. oil rig count held fast at 318 as reported by Baker Hughes’ latest oil rig count, the U.S. gas rig count fell from 87 to 85. Last week, it was the number of U.S. oil rigs that had fallen, with U.S. gas ..
Why The Arctic Oil Dream Is Not Over Yet
The race to discover oil and gas in virgin Arctic waters is now on, as Norway offered oil majors a lifeline on Wednesday by opening up what experts say could be home to 15 percent of the world’s undiscovered oil and 33 percent of the world’s undiscovered natural gas. Norway officials on Wednesday a..
If Confirmed, Native American Site May Delay $3.8 Billion Pipeline
DES MOINES, Iowa (AP) — Discovery of an archaeological site that may have cultural significance to Native Americans could further delay construction of a $3.8 billion oil pipeline if government officials require the route to be moved. Houston-based Dakota Access LLC wants to build the pipeline — de..
Iran, India Sign Port Deal, Other Economic Agreements
TEHRAN, Iran (AP) — India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars. The deal and plans were announced during a visit by Indian Prime Minister Narendr..
Crews Excavating North Dakota Land after Large Spill
BISMARCK, N.D. (AP) — Crews in North Dakota excavated pastureland after more than 120,000 gallons of oil and drilling wastewater overflowed from a tank, the state Health Department said Friday. The spill happened Wednesday morning near Marmarth in southwestern North Dakota at a site operated by Pla..
Will Canada Ever Build Another Pipeline?
It seems hard to believe, but we may never build another pipeline in Canada. A nation whose wealth is closely tied to resources seems to have suddenly decided that economic stagnation is preferable to any project that might – and I stress the word might – have a negative effect on the environment. ..
ROIC: Latest Metric to Gauge Oil Patch Stock Performance
Investors pondering their choices as oil prices continue to recover must attempt to determine which firms are the best investments. The problem is that every company management team is trying to put the best spin on their results in quarterly conference calls and investor presentations. As a result,..
International Markets Prove Hard To Conquer For U.S. LNG
The latest drilling productivity report from the Energy Information Administration (EIA) has shown that the Marcellus shale continues to be the largest source of natural gas in the U.S. by a wide margin, with daily amounts that put it on par with leading international producers such as Iran and Qata..
Canada Regulators OK Pipeline Expansion Project
SEATTLE (AP) — Canada energy regulators on Thursday recommended approval of a pipeline-expansion project that would dramatically increase the number of oil tankers moving through the waters between the U.S. and Canada. The National Energy Board recommended the federal government conditionally appro..
Construction Underway in 3 States on $3.8 Billion Dakota Access Oil Pipeline
ABERDEEN, S.D. (AP) — Construction is underway in three of four states on a $3.8 billion pipeline that will carry oil from western North Dakota to Illinois. Work on the Dakota Access Pipeline has begun in North Dakota, South Dakota and Illinois, spokeswoman Lisa Dillinger told the American News (ht..
PHMSA: Pipeline Company Failed to Detect California Oil Spill
LOS ANGELES (AP) — An oil pipeline company responsible for a massive spill on the California coast a year ago didn’t do enough to prevent corrosion and its operators didn’t detect and react to the spill quickly enough, federal regulators said Thursday. Plains All American Pipeline also didn’t have ..
Sorting Out Inspectors’ ‘Box of Chocolates’ Quandary
While conducting a client interview after we provided inspection services for a pipeline project, I posed this question to gain feedback: “How’d we do?” He responded with, “You are just like all of the other third-party natural gas pipeline inspection companies and inspectors. I don’t trust any of ..
Greek Pipeline Breakthrough to Challenge Russian Gas Dominance
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help t..
Oryx Launches Open Season for Extension of Trans Permian System
Oryx Midstream Services subsidiary Oryx Southern Delaware Oil Gathering and Transport launched an additional binding open season to secure volume commitments and acreage dedications in support of the extension of the Oryx Trans Permian (OTP) pipeline system. The crude oil gathering and transportati..
Norway Offers New Offshore Drilling Licenses in Barents Sea
TROMSOE, Norway (AP) — Norway awarded on Wednesday 10 new licenses for offshore oil and gas exploration in the Barents Sea, including three in previously untouched waters near the Russian border. The Oil Ministry said it is the first time new acreage has been opened for drilling in Norwegian waters..
China’s Oil Industry Is Faltering, Production Falls 5%
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data shows that China’s oil production fell 5.6 percent in April compared to the same month a year earlier, falling to just 4.04 million bar..
Work Starts on Pipeline Bringing Azeri Gas to Italy
THESSALONIKI, Greece (AP) — Construction work is starting on a new pipeline project bringing Azeri gas through northern Greece and Albania to Italy, reducing Europe’s energy dependency on Russia. The Trans Adriatic Pipeline will run for 878 kilometers (550 miles), from Greece’s border with Turkey t..
Navitas Midstream Partners Announces Long-term Agreement With Encana Oil & Gas
Navitas Midstream Partners, LLC announced yesterday the execution of a long-term gas purchase agreement with Encana Oil & Gas (USA) Inc. Under the agreement, Navitas will purchase Encana’s gas from its substantial acreage position in Howard County, Texas. Navitas will gather gas into a new system c..
Pipeline Firm Says It Faces Charges in California Oil Spill
LOS ANGELES (AP) — A Texas oil pipeline company responsible for spilling more than 140,000 gallons of crude on the California coast last year has been indicted on dozens of criminal charges, the company said Tuesday. Plains All American Pipeline and one of its employees face 46 counts of state law ..
More Glut On The Way As Libya Unblocks Exports
As Libya prepares to resume oil exports from the blockaded port of Hariga amid a month-long standoff between rival governments seeking over control of the country’s oil wealth, the global crude glut could suffer another negative jolt. Libyan oil officials have reportedly told Reuters that an agreem..
Williams Sues to Maintain Sale to Energy Transfer Equity
DALLAS (AP) — Williams Cos. has gone to court to pressure rival pipeline company Energy Transfer Equity to go through with the planned $32.6 billion purchase of Williams. In a lawsuit filed in state court in Delaware, Williams suggested that Energy Transfer is trying to get out of the deal. Energy..
Canadian Energy Minister Speaks Out on Downturn
Alberta has a glut of oil and natural gas hanging over the energy markets these days, but there’s another commodity piling up in the province, waiting to burst out: frustration. According to the Calgary Herald, frustration was a prevailing theme for the province’s energy minister – and many industr..
Companies Win TAP Contracts
Trans Adriatic Pipeline AG awarded Spiecapag, a subsidiary of Entrepose (VINCI Group), the EPC contract for three legs of the onshore Trans-Adriatic Pipeline (TAP) project. One, in Greece between Kipoi and Kavala, is 185 km, while two, between Bilisht and Topoje in Albania, total 215 km. Also, Hill..
3 Workers Hurt in N.J. Gas Line Explosion
An explosion in Bayonne, NJ on March 30 injured three contractors installing a new gas main on a street named to honor Korean War veterans. Public Service Electric & Gas said the workers were testing the pipe with air, which is standard practice, when the incident occurred on Chosin Few Way in a s..
Natural Gas Production Sets Record
Even in the face of low prices, U.S. natural gas production hit its highest level ever. Average daily output in the U.S. set a record in February of 73.3 Bcf, up about 2% from the previous month, Platts Bentek said. The Energy Information Administration reported March 24 that producers had begun sto..
Contract for Pipeline Software Simulation Awarded
Transportadora Brasilera Gasoducto Bolivia-Brazil S.A. (TBG) has awarded Atmos International Ltd. a contract to provide the online pipeline simulation software for the Bolivia-Brazil gas pipeline that runs from Corumbá, in Mato Grosso do Sul, to Canoas, in Rio Grande do Sul. The pipeline supplies di..
Penspen Wins Consultancy Contract in UAE
Penspen was named project management consultant to Abu Dhabi Marine Operation Company (ADMA-OPCO) for the ongoing work on Das Island in the UAE. Penspen will be involved in the upgrade or replacement of various pipeline networks, studies on an oil spill response hub to serve Das Island and offshore..
Punj Lloyd Wins Pipeline Contracts in Oman
Punj Lloyd won an EPC contract valued at $404 million from the Oman Oil Refineries and Petroleum Industries Company and Oman Gas Company (OGC), which are owned by the government of the Sultanate of Oman and Oman Oil Company SAOC. The contract awards, reported by Gulf Oil & Gas, indicated the scope ..
Russia, Kazakhstan to Dominate Upstream Projects by 2025
Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, according to research and consulting firm GlobalData. The company’s latest report, Production and Capital Expenditure Outlook f..
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- Another Major U.S. Oil Refinery Shutting Down as Lyondell Confirms Houston Closure
- Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
