Storage

U.S. to Buy 30 Million Barrels of Oil to Help Fill Strategic Reserve

President Trump has directed the U.S. Department of Energy to begin purchasing crude oil to fill the country's Strategic Petroleum Reserve.

Global Oil Storage May Hit Capacity Within Months — Analysts

Industry analysts are predicting oil storage availability around the globe may reach capacity within months.

Traders Race for Storage as Oil Price Plunges

Oil traders are racing to buy up storage as oil prices plummet amid the Saudi/Russian price war.

Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal

Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.

Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal

Calgary-based Gibson Energy approved the construction of 1 million barrels of new tankage at its Hardisty Terminal.

Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal

Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.

Pipeline Operators: Germany's Winter Gas Supplies Secure

Germany will have enough natural gas this winter, despite restrictions on transit routes Opal and TENP 1, as storage levels are close to 100%, pipeline operators' group FNB said on Monday.

Officials Study Fire at California Storage Site after Quake

Officials are trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at an ethanol storage facility in the San Francisco Bay Area that started a fire and kept thousands of people in their homes for hours because of potentially unhealthy air.

New Pipelines, Hurricane Drive WTI Inventories Down, Prices Up

U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.

Energy Department Offering Grants for Pipeline Projects

The Department of Energy will award $24 million in grants for the development of tools, methods and technologies to cost-effectively enhance the safety and efficiency of the nation’s natural gas production, gathering, storage, and transmission infrastructure. Grants will be as much as $3 million but no lower than $1 million.

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.

NW Natural Completes North Mist Expansion Project

NW Natural has completed its North Mist Expansion Project and begun providing no-notice storage to Portland General Electric’s Port Westward plants to balance renewable power on the grid.

New Concho-Frontier JV to Construct Midland Basin Gathering System

Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.

Storage Tanks Explode at Venezuela Heavy Oil Project

Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator.

Lithuania to Ask Belarus to Switch Nuclear Plant to Gas

Lithuanian Prime Minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland.

Navigator Announces Glass Mountain Expansion, Extended Voyager Open Season

Navigator Energy Services said it will significantly expand its Glass Mountain Pipeline System (GMP) with new segregated crude grades, more storage and transportation capacity, additional origin points and expanded market access at Cushing. It also extended its open season with Magellan Midstream for their proposed 500-mile Voyager Pipeline.

SoCalGas Asks Customers to Reduce Use, Cites Limits on Pipelines

Southern California’s gas utility extended its request for consumers to reduce natural gas use through the weekend, to avoid straining the system as cold weather lingers over the area.

Gas Remains Key to UK Energy

Gas is a key element of the U.K.’s energy mix, but the closure of Centrica’s Rough long-term storage facility last year reduced U.K. gas storage to only 14 days of capacity, compared with 87 in France, 69 in Germany and 59 in Italy.

Improving Methane Emissions from Natural Gas Transmission, Storage

Interstate natural gas transmission companies are committed to minimizing methane emissions. This article explains methane emission sources for the transmission and storage sector and the basis for emissions commitments that INGAA members have voluntarily adopted.

NuStar Energy Agrees to Sell Its European Operations to Inter Pipeline

NuStar Energy agreed to sell its European terminals and related assets to Inter Pipeline’s European storage subsidiary, Inter Terminals, for $270 million.

Evacuation Lifted after California Gas Pipeline Scare

Emergency crews extinguished a fire burning dangerously close to a Chevron underground natural gas pipeline Thursday and lifted an evacuation order that had forced some 4,000 residents from their homes the night before.

Evacuation Ordered Near Chevron Gas Storage Fire

A fire that ignited in an underground natural gas storage area in the San Francisco Bay Area prompted the evacuation of thousands of residents, as Chevron emergency crews worked Thursday to purge gas from a pipeline and prevent an explosion, officials said.

Firefighters Sue SoCal Gas over Aliso Canyon Leak

Firefighters who worked in and around the site of a massive natural gas leak have sued Southern California Gas Co., alleging the utility knowingly let them be exposed to dangerous levels of toxic chemicals.

Open Season Launched for Plantation Pipeline Expansion

Kinder Morgan today started an binding open season to solicit commitments for the Roanoke Expansion project on the Plantation Pipe Line System.

Lotus Midstream to Acquire Centurion Pipeline

Crude oil logistics provider Lotus Midstream entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum. The transaction is expected to close later in the third quarter of 2018, subject to customary closing conditions.

SoCalGas: Aliso Canyon Leak Costs Exceed $1 Billion

SoCalGas raised the estimated cost for the massive leak at its 2015-2016 Aliso Canyon natural gas storage facility in Los Angeles to $1.014 billion, warning the "estimate may rise significantly" due to pending lawsuits, possible fines and other costs.

Seaway Crude Pipeline Loads First VLCC at Texas Marine Terminal

Seaway Crude Pipeline, which owns a pipeline system that transports crude oil from Cushing to the Gulf Coast and a Gulf Coast distribution network, loaded its first very large crude carrier (VLCC) at the company’s marine terminal in Texas City.

Howard Energy Partners Completes Corpus Christi Liquids Terminal

Howard Energy Partners has commenced commercial operations at a new bulk liquid terminal facility in the Port of Corpus Christi.

‘New World Order’ Re-shaping Natural Gas Storage 

As the International Energy Agency (IEA) observed in June, dramatic changes are underway in the world’s natural gas trade. Thanks to shifting demand patterns, suppliers of liquefied natural gas (LNG) from producing countries such as the U.S. and Australia increasingly will need to look for new homes..

Quake Near Oklahoma Oil Hub Causes Substantial Damage

CUSHING, Okla. (AP) — A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. As the sun rose Monday, television new..