Oil
Mexican Tycoon Carlos Slim Expands Energy Influence with Talks to Back Pemex Oil, Gas Projects
Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters.
CERAWeek: Canada May Curb Oil Exports to U.S. if Trump Trade War Intensifies
Canada could impose non-tariff measures such as restricting its oil exports to the United States or levying export duties on products if a trade dispute with the U.S. escalates further, Canada's energy minister Jonathan Wilkinson said on Tuesday.
Musk's Layoffs Shrink Workforce Needed for Trump's Energy Dominance Agenda
Mass federal layoffs are slowing energy project approvals, threatening President Trump’s ‘Drill, Baby, Drill’ agenda. With key agencies like BLM and BOEM losing staff, oil and gas permitting is backlogged, raising concerns from industry leaders and lawmakers. Could job cuts derail America’s energy dominance?
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
Wildcat Midstream is expanding its Helper, Utah, terminal to boost exports of Uinta Basin's yellow and black wax crude oil to the U.S. Gulf Coast.
CPC Blend Oil Loadings Rise 24% in February via Black Sea Terminal
CPC Blend oil loadings from the Caspian Pipeline Consortium (CPC) Black Sea terminal rose by some 24% in February from January to 1.68 million barrels per day (bpd), Reuters calculations showed.
Kazakhstan Hasn’t Delivered March Oil, CPC Export Cuts, Sources Say
Kazakhstan has yet to deliver its announced oil output and CPC Blend export cuts through the Caspian Pipeline Consortium (CPC), its main exporting route, five industry sources said.
Trump Administration Pushes to Cancel Oil Reserve Sales, Boost Small Nuclear Power
U.S. Energy Secretary Chris Wright plans to work with Congress to cancel previously mandated oil reserve sales to address low stockpiles, while also pushing for support of small modular reactors and the Alaska LNG project as part of the Trump administration's energy strategy.
Whitecap, Veren to Merge in $15 Billion Deal to Form Leading Canadian Light Oil Producer
Whitecap Resources Inc. and Veren Inc. have entered a $15 billion all-share transaction that will combine their assets, creating a leading Canadian light oil and condensate producer with key holdings in Alberta’s Montney and Duvernay regions.
Tallgrass Launches Open Season for Pony Express Pipeline Crude Shipments Out of Colorado
Tallgrass Pony Express Pipeline, LLC has launched a 30-day binding open season to offer incentive tariff rates for crude oil transportation from its Colorado origins, the company said on March 7.
Summit Midstream Acquires Moonrise Midstream in $90 Million Deal, Expands DJ Basin Footprint
Summit Midstream has acquired Moonrise Midstream for $90 million, expanding its DJ Basin footprint with 80 miles of natural gas and crude oil pipelines and adding 65 MMcf/d of processing capacity.
Restoring U.S. Oil Reserve to Capacity Could Take Years, Cost $20 Billion
The U.S. faces a $20 billion, years-long effort to refill the Strategic Petroleum Reserve after past withdrawals, highlighting challenges in energy security and crude supply management.
Sanctions-Related Payment Issues Halt Russian Oil Flow to Czech Republic via Druzhba
Payment issues linked to U.S. sanctions on Russia were behind the latest halt in oil supplies by Russia to the Czech Republic via the Druzhba pipeline, two sources familiar with the matter told Reuters.
Weak Refinery, Export Demand Pressures Midland Crude Prices on Texas Coast
Weak refinery and export demand are pressuring Midland crude prices along the Texas Gulf Coast, narrowing the price spread with Houston as Permian production recovers.
Iraqi Kurdistan Oil Exports Still Blocked After Failed Talks
Talks to resume Iraqi Kurdistan oil exports to Turkey ended without a deal, despite U.S. pressure to restart flows amid global supply concerns.
Enbridge: Tariffs Would Take Years to Impact U.S.-Canada Crude Flows
CEO Greg Ebel told reporters the energy systems of the two countries are too integrated and there is no easy way for the U.S. to replace the approximately 4 million barrels per day of Canadian oil it imports.
Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
Enbridge plans a $2 billion upgrade to North America’s largest crude pipeline, enhancing capacity and reliability across its Mainline network through 2028.
Kazakhstan Plans 12% Increase in CPC Pipeline Exports for March
Kazakhstan plans to lift its oil supplies via the CPC pipeline, its main exporting route, by 12% in March from February, according to the energy ministry, signaling an increase in the country's output despite efforts to comply with an OPEC+ deal.
Oil Flows via Druzhba Pipeline to Czech Republic Stopped, Mero Says
Oil flows via the Russian pipeline Druzhba to the Czech Republic stopped again, but there is no threat of shortages, Czech pipeline operator Mero said on Tuesday.
Turkey Wants Iraq-Turkey Oil Pipeline Flowing at Maximum Capacity
Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, Turkish Energy Minister Alparslan Bayraktar was quoted as saying by the state-owned Anadolu news agency on Sunday.
India to Launch World's Longest LPG Pipeline, Stretching 1,740 Miles, by June
India is set to commission the world’s longest LPG pipeline, stretching 1,740 miles, by June, a major milestone for the country’s energy infrastructure.
Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
Canada’s energy sector has proposed several major oil pipelines in the past decade, but regulatory hurdles, environmental opposition, and political decisions led to the cancellation of key projects like Energy East, Northern Gateway, and Keystone XL. Here’s why these pipelines never got built.
Congress Overturns Biden-Era Methane Fee on Energy Producers
The U.S. Senate on Thursday voted on a resolution that would overturn the Biden administration's proposed fee on methane emissions, one of the previous Environmental Protection Agency's final measures to force big oil and gas producers to slash emissions of the powerful greenhouse gas.
Thirst for LNG Could Bolster Expansion in Europe, Elsewhere
Europe is taking major steps to expand its gas pipeline networks to support gas flows from new LNG terminals. Germany, for instance, is planning to add 355 miles of pipeline over the next few years to accommodate new LNG imports, almost all of which will be high-capacity pipe, with diameters of 39 inches or greater.
Last Minute Biden Pipeline Regulatory Moves in the Balance
The Biden administration’s attempts in its last month to make significant changes to pipeline regulation may be early targets for reversal for the incoming Trump administration.
Kazakhstan: Caspian Pipeline Oil Flows Uninterrupted After Russian Pump Station Hit
Kazakhstan's oil exports are on schedule via its main oil export route, the Caspian Pipeline Consortium (CPC), the country's energy minister said on Wednesday, despite damage to a pumping station from a drone attack last week.
Canada Eyes New Oil Pipelines to Avoid U.S. Tariffs, But No One Wants to Build Them
The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said.
Iraq to Submit Updated Plan for OPEC+ Overproduction Compensation
Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for any overproduction in previous periods, according to a statement from the Iraqi oil ministry.
Saipem, Subsea7 Agree to Multibillion-Dollar Merger to Form Saipem7
Saipem and Subsea7 have reached an agreement in principle to merge, forming a global energy services company with a combined backlog of $46.8 billion, revenue of approximately $21.8 billion, and EBITDA exceeding $2.2 billion.
Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
A Michigan appeals court upheld permits for Enbridge’s Line 5 pipeline tunnel project, rejecting environmental and tribal challenges. The ruling allows the company to move forward, though legal and regulatory hurdles remain.
ConocoPhillips to Sell Ursa, Europa Interests, Pipeline Stake to Shell for $735 Million
ConocoPhillips has agreed to sell its interests in the Ursa and Europa fields, along with its stake in Ursa Oil Pipeline Company LLC, to Shell Offshore Inc. and Shell Pipeline Company LP for $735 million.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
