Tag Archives: oil

US Oil Output is Booming and Seen Outpacing Saudis, Russia

PARIS (AP) — A global energy agency says that U.S. oil production is booming and is forecast to top that of heavyweights Saudi Arabia and Russia this year. The International Energy Agency said in its monthly market report released Friday that U.S. oil production, which has already risen to its highest level in nearly 50 years, will push past 10 million barrels a day as higher prices entice more producers to start pumping. It says that “this year promises to be a record-setting one for the U.S.” Meanwhile, global growth in demand for oil is […]

Dakota Access Protester Accused in Shooting Arrested

BISMARCK, N.D. (AP) — A Denver woman accused of shooting at law enforcement officers during protests in North Dakota against the Dakota Access oil pipeline has been arrested for violating conditions of her pretrial release. The U.S. Marshals Service says Red Fawn Fallis signed out of a halfway house in Fargo Thursday morning to attend adult learning classes but never showed up. Authorities say Fallis also was half an hour late returning to the halfway house. She was arrested upon her return and jailed. Fallis is accused of firing a handgun three times at officers […]

Kinder Morgan Delays Trans Mountain Launch Again

Kinder Morgan said it would have to delay the start of the expansion of its Trans Mountain pipeline by another three months, to December 2020, its chief executive Steve Kean said at the presentation of the company’s fourth-quarter results. The US$5.95-billion expansion project still needs to gather all necessary permit approvals, Keane said, adding that the other reason for the delay was “because we’ve not completed the work necessary with our contractors to determine where we can save time and money on the build and we don’t have a clear view of when the starting […]

TransCanada Says It’s Moving Forward with Keystone XL Pipeline

LINCOLN, Neb. (AP) — The developer of the Keystone XL pipeline says it is moving forward with its plans and hopes to begin construction next year. TransCanada Corp. said Thursday that its decision builds on the Nebraska Public Service Commission’s decision to approve a route through the state on Nov. 20. The company based in Calgary, Canada, says it has secured enough long-term commitments from oil companies to ship approximately 500,000 barrels per day through the pipeline. The project faces opposition from environmental groups, property owners along the route and Native American tribes, who view […]

Iraq, BP Sign Initial Deal to Develop Kirkuk Oil Fields

BAGHDAD (AP) — Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country’s north. The Oil Ministry’s statement quotes BP’s president for the Middle East region, Michael Townshend, as saying that his company will conduct surveys and studies to increase production to 750,000 barrels a day. It says the signing took place in Kirkuk on Thursday without giving more details. As of late last month, the fields around Kirkuk produced around 140,000 barrels a day, all of which went to refineries. Iraqi forces seized the […]

EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019

American crude oil output is set to rise by 1.8 million barrels per day from the nation’s largest shale producing areas over the next year, according to new forecasts by the U.S. Energy Information Administration (EIA). Just next month, national output will climb up 111,000 bpd. The Drilling Productivity Report, which tracks production from the seven most prolific basins in the US, also said production in January should touch 6.438 million barrels per day, which is 24,000 bpd higher than December levels. The 1.8 million-jump equals the volume of production cuts sustained by the Organization […]

WCS-WTI Spread Narrows As Exports-By-Rail Pick Up

Volume constraints on the Keystone pipeline system levied by U.S. regulators have widened the spread between Western Canadian Select crude prices and benchmark American crude prices, but the steep discount is set to moderate, according to emerging reports. Growing volumes from Alberta’s oil sands have had trouble getting to U.S. markets since federal regulators ordered TransCanada to curtail the line’s capacity by 20 percent after a spill in South Dakota in November. So while WTI climbed, oil prices from Alberta’s oil sands fell. Crude oil by rail shipments are expected to pick up in Canada, […]

MPLX Launches Joint Binding Open Season for Cushing-to-Patoka Pipeline Expansion

MPLX LP today announced that its subsidiaries MPLX Ozark Pipe Line LLC (Ozark) and Marathon Pipe Line LLC (MPL) have commenced a joint binding open season on the combined Ozark 22-inch and Woodpat 22-inch pipelines from Cushing, Oklahoma, to Patoka, Illinois. The joint binding open season provides interested shippers with an opportunity to secure priority transportation service on the pipelines. “We are pleased to announce the Cushing-to-Patoka Expansion Project as Midwest markets desire further access to West Texas Intermediate crude,” MPLX President Michael J. Hennigan said. “This expansion will provide additional capacity for shippers while […]

Pipeline Protester Accused in Dakota Access Shooting Reaches Plea Deal

BISMARCK, N.D. (AP) — Attorneys for a Denver woman accused of shooting at law enforcement officers during protests in North Dakota against the Dakota Access oil pipeline say they’ve reached a deal with prosecutors to avoid a lengthy prison term. If a judge agrees, Red Fawn Fallis would plead guilty Monday to civil disorder and gun possession by a convicted felon. Prosecutors would drop a more serious weapons charge that carries a minimum sentence of 10 years in prison and the possibility of life. Prosecutors also would recommend no more than seven years. Fallis was […]

Construction Begins on Oil Pipeline Project in Nigeria

China Harbour Engineering Ltd. and Offshore Oil Engineering Co. Ltd. have started construction on a 100-kilometer subsea pipeline that will connect to Dangote Oil Refining Co. Ltd.’s new 650,000 bpd refinery being built in southwestern Nigeria’s Lekki Free Trade Zone. The scope of work consists of the transportation and installation of six 24-inch pipelines and three 48-inch pipelines, along with five single point mooring systems, a catenary anchor leg mooring buoy, and a pipeline end manifold for a shuttle tanker that imports crude for the refinery. The project is expected to be operational by September […]

North Dakota Oil Output Cut Back to Meet Gas Capture Rules

BISMARCK, N.D. (AP) — Fearing sanctions by the state, some North Dakota oil drillers have begun cutting output to control the amount of natural gas that’s being burned off at well sites and wasted as a byproduct of crude production, industry and state officials say. Rebounding oil prices and technology advances in western North Dakota’s oil patch have goosed crude production, spurring unanticipated record levels of natural gas that comes with it, said Justin Kringstad, director of the North Dakota Pipeline Authority. The state’s gas-gathering and processing capability is 2.1 billion cubic feet (0.06 billion […]

Michigan Tech Engineer to Lead Line 5 Study

ST. IGNACE, Mich. (AP) — State officials have hired a Michigan Technological University professor to lead a risk analysis of twin pipelines carrying crude oil beneath the Straits of Mackinac. Guy Meadows and a team of researchers will focus on the underwater segment of Enbridge Inc.’s Line 5, which carries nearly 23 million gallons of oil daily through the waterway linking lakes Michigan and Huron. Meadows is a mechanical engineer and director of Michigan Tech’s Great Lakes Research Center. His group will consider likely results of a spill from the pipelines, including how far the […]

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