Business & Markets

Kinder Morgan Moves Closer to Construction of Third Permian Pipeline

Kinder Morgan is in discussions with customers about a third major Permian Basin natural gas pipeline, Permian Pass, which would deliver 2 Bcf/d of natural gas from Waha Hub to the Sabine area of the East Texas-Louisiana Gulf Coast.

Increased Supply From New Permian Pipelines Cuts Crude Prices

West Texas Intermediate crude at Magellan East Houston this week traded at the weakest level in almost a year as new pipelines from the Permian Basin to the U.S. Gulf Coast hub have begun operations, traders said.

Medallion Pipeline Launches Binding Open Season

Medallion Pipeline has announced a binding open season to solicit binding, long-term commitments for firm transportation utilizing capacity that Medallion has leased on the crude oil pipeline owned by EPIC Crude Pipeline.

IEA: U.S., China Will be World's Biggest LNG Exporter and Importer in 2024

The United States and China will become the world’s biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).

Sources: Enbridge Delays Start of Mainline Open Season

Enbridge Inc has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters.

Russia's Transneft, Oil Firms Clash over Pipeline System Clean-Up

Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil stuck in Russia's pipeline and storage system by diluting it with clean crude, four company sources said on Wednesday.

Enterprise Begins Service on Orla 3

Enterprise Products Partners has announced that service recently began on the third train at its Orla cryogenic natural gas processing plant in Reeves County, Texas.

China Asks for 'Friendly Consultation' in Malaysia Pipeline Dispute

The Chinese government has expressed hope for a “friendly consultation” with Malaysia to resolve a dispute of the building of two multibillion-dollar gas pipeline projects.

India to Phase Out Gas Distributor Monopolies in 34 Areas

The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.

Energy Transfer Announces Binding Open Season for Bakken Pipeline System

Energy Transfer today announced a Binding Open Season to solicit additional shipper commitments from the Bakken/Three Forks play in North Dakota to storage terminals located in Patoka, Illinois and Nederland, Texas.

LNG: Supporting Midstream Infrastructure as Financial Lifeline

When examining the global liquefied natural gas (LNG) trade, including the role of U.S. midstream infrastructure, there are various exogenous factors that can be part of the matrix.

Tanzania, Zambia Planning $1.5 Billion Oil Pipeline

Tanzania and Zambia plan to build a refined products pipeline to transport petroleum between the two countries at a cost of $1.5 billion, Tanzania’s Energy minister said.

Federal Permit Granted for Alaskan Pipeline Project

A company seeking to develop a large oil project on Alaska’s North Slope has won a key federal permit.

Bombing Attack Halts Pumping on Colombian Pipelines

Pumping on Colombia’s Bicentenario and Cano Limon oil pipelines was halted in mid-May after bomb attacks in recent days, sources from operators Bicentenario and state-run oil company Ecopetrol said.

Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play

Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc’s trading arm.

Russia’s Oil Output Hit 11-Month Low on Dirty Oil Crisis

Energy Ministry data showed Russian oil output fell to 11.11 MMbpd in May, its lowest level since June 2018, from 11.23 MMbpd in April – mainly from the closure due to oil contamination of the Druzhba pipeline, which usually ships 1 MMbpd, or 1 percent of global oil demand.

McDermott Announces First Cargo from Cameron LNG Train 1

McDermott International announced that the first cargo of LNG has been shipped from the Cameron LNG project in Hackberry, La., marking a key step in development of the facility and a precursor to the completion of Train 1. The latest development follows the announcement of first liquid from Cameron LNG Train 1 on May 14.

Saudi Aramco Inks 20-year Deal with Sempra for LNG Supply

Saudi Aramco has signed a 20-year agreement to buy LNG from an export terminal that U.S.-based Sempra Energy is developing on the Texas Gulf Coast.

Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit

Brazil’s state-run oil firm Petrobras was cleared to move forward with the sale of its TAG pipeline unit to France’s Engie SA after Brazil’s Supreme Court ruled that state-run firms do not need congressional approval to sell their subsidiaries.

Natural Gas Flaring in Permian Hits Record High in Q1

Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of 2019 due to the lack of pipelines, at a time of increased focus on methane emissions.

Longhorn Midstream Launches Open Season for Delaware Basin Gathering System

Longhorn Midstream today announced that one of its subsidiaries, LM Touchdown Crude, has launched a binding open season to obtain commitments to support the development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin.

Malaysia Seized $240 million From Chinese Company Over Unfinished Pipeline Project

Malaysia seized more than $243.5 million from a bank account of state-owned China Petroleum Pipeline Engineering (CPP) over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday.

Sources: ADNOC Hires BAML, Mizuho for Natural Gas Pipelines Deal

Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil giant establishes new partnerships in an era of lower oil prices.

Lack of New Canadian Pipelines Worries Oil Producers

Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada's oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts.

Sources: New Permian Pipeline Flow to Outpace Storage

As new pipelines begin to move Permian crude towards the Gulf Coast, traders and analysts worry there may not be enough connections or storage to handle the demand.

Total Agrees to Buy LNG from Tellurian's Proposed Driftwood Project

LNG developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company's proposed $30 billion Driftwood export project in Louisiana.

Meritage Midstream Extends Binding Open Season on Thunder Creek NGL Pipeline System

Meritage Midstream has extended the binding open season to secure volume dedications to support the proposed construction and development on its Thunder Creek natural gas liquids pipeline.

Bolivia Seeks to Buy Petrobras Stake in Gas Pipeline to Brazil

Bolivia's state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday.

Plains All American Announces Open Season on Western Corridor Pipeline System

An affiliate of Plains All American Pipeline today announced a binding open season for long-term commitments for light crude oil transportation service on its Western Corridor Pipeline System

Jemena Starts Construction of Queensland Atlas Gas Pipeline

Jemena said it has commenced construction of the Atlas Gas Pipeline, a 38-mile (60-km) project that will deliver natural gas earmarked for domestic consumption from Queensland's first domestic-only gas supply.