Oil

Russia Makes New Proposal to Belarus for Oil Supply Terms

A new proposal from Russia for oil supplies to Belarus offered a sign of potential progress between the two countries, which have failed to agree on terms since major Russian oil companies suspended pipeline deliveries.

Shell Considering Mars Pipeline Expansion

Shell Midstream Partners LP expects to take final investment decisions on expanding its Mars crude oil pipeline system in the Gulf of Mexico in the first half of the year, Chief Executive Kevin Nichols said on Thursday.

North Dakota Regulators Approve Dakota Access Pipeline Expansion

North Dakota regulators on Wednesday unanimously approved expanded capacity for the Dakota Access pipeline, saying they believed the project had met exhaustive state and federal requirements.

BP halts Output at North Sea ETAP Platform

BP halted production at its ETAP platform, which connects seven oil and gas fields in the British North Sea with the Forties Pipeline System and the CATS gas terminal, after a problem with its power generation system.

Mexico's Pemex Signs Contracts for New Oil Projects — CEO

Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of projects, the state-owned company’s chief executive said.

Belarus Threatens to Take Oil from Russian Transit Pipeline — Belta

Belarus will start taking oil from the Druzhba transit pipeline if Russia does not supply it with the required volumes of crude, the Belarusian president said on Friday, the state news agency Belta reported.

TC Energy Unsure About Keystone XL Pipeline

TC Energy Corp sees too much uncertainty to commit immediately to the long-delayed Keystone XL oil pipeline project, company executives said on Thursday, even as TC prepared for construction.

Blast Shuts Eni Owned Nigerian Oil Pipeline — Officials

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass oil export terminal, ENI and a security official said.

Seaway to Extend Open Season

Seaway Crude Pipeline Company LLC has announced an extension of a binding open season currently under way for committed service on expansion capacity of its system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.

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.

Mercuria Plans to Compete for South Texas Oil-Trading Hub

Commodities trader Mercuria Energy Group expects to open a new U.S. Gulf Coast crude oil storage facility next year that could compete to become a trading hub for shale oil, the Swiss company’s investment chief said.

Oil Prices Rise, Fall on Eve of Trade Deal

Crude oil prices surged in early January and retreated by mid-month after a U.S. drone strike on Iran’s top general and a retaliatory missile strike on an Iraqi military base. The initial strike caused the largest one-day price spike since September, when an Iranian drone hit a Saudi Aramco facility.

TC Energy Files to Reduce Toll on Canadian Mainline Pipeline

TC Energy said its TransCanada PipeLines unit reached an agreement with struggling producers to reduce tolls on the western part of the Canadian Mainline pipeline and asked regulators to approve the rates quickly.

Trans Mountain Pipeline Cost Jumps by Two-Thirds to C$12.6 Billion

The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.

ARB Midstream Announces New Connection to Pipeline System in DJ Basin

DJ South Gathering, LLC, a subsidiary of ARB Midstream, LLC has announced an expansion of its crude oil gathering and transportation system in the prolific DJ Basin in northeastern Colorado.

Noble Midstream and Greenfield Midstream Exercise Saddlehorn Option

Noble Midstream Partners LP (Noble Midstream) and Greenfield Midstream LLC “Greenfield Midstream) have acquired a 20% interest in the Saddlehorn Pipeline through their Black Diamond Gathering LLC (Black Diamond) joint venture.

Plains All American Pipeline Volumes Get Boost from Cactus II

Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.

Russia, Belarus Leaders Meet Amid Oil Supply Tensions

The presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, will meet on Friday, the Kremlin said, as the oil row between the two rolls into a second month, forcing Minsk to look for crude from as far afield as the United States.

Canadian Court Dismisses Challenge to Trans Mountain Expansion

Canada's Federal Court of Appeal on Tuesday dismissed a challenge to the approval by Prime Minister Justin Trudeau's government of the Trans Mountain oil pipeline expansion, clearing some uncertainty from the project.

Explorer Pipeline Launches Open Season on Explorer Pipeline System

Explorer Pipeline Company (Explorer) has announced a binding open season to secure shipper commitments to support the development of proposed new transportation service on Explorer’s pipeline system from its existing U.S. Gulf Coast receipt points to a new destination point in Galena Park, Texas (Project).

Enbridge Line 3 Receives Minnesota Regulator Approval

A Minnesota regulator ruled on Monday that a revised environmental impact statement for Enbridge Inc’s Line 3 oil pipeline replacement is adequate, helping to clear a significant hurdle for the long-delayed project .

Canada’s Imperial Oil: 'It Makes Good Economic Sense' to Move Crude by Rail

Canada's Imperial Oil Ltd on Friday vowed to move more crude-by-rail to take most advantage of exemptions on production curtailments imposed by the Alberta government.

Russia's Transneft Faces up to $1 Billion in ‘Dirty Oil’ Claims: Sources

Russian oil pipeline monopoly Transneft faces claims of up to $1 billion related to contaminated oil, more than double its own estimates, industry sources said, setting the stage for protracted haggling with oil suppliers.

Enbridge Defends Long-Term Mainline Contract Plans Amid Criticism

Facing criticism, Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network was fair and would benefit the western Canadian industry.

Kazakhstan Halts Contaminated Oil From Spreading Outside the Country

Kazakhstan has contained the spread of contaminated oil within its borders by reducing exports to China and altering the schedule of supplies to domestic refineries, energy ministry and pipeline operator KazTransOil said on Wednesday.

MPLX Says Reversed Capline Pipeline to Begin Light Crude Service in Mid-2021

MPLX LP said on Wednesday the reversal of the Capline pipeline was progressing as planned, with the line on track to begin light crude service in mid-2021 and heavy crude service in 2022.

CN Rail Expects Crude Shipments to Drive Growth in 2020

Benefiting from congested pipelines, Canadian National Railway said it sees crude shipments as a growth driver in the year. Alberta eased curtailments in October, allowing producers to ship additional oil by rail.

Qatar Rejects India Proposal to Delink LNG Deals from Crude

India wants Qatar to delink the price of its imported gas from that of oil under long-term deals to make supplies cheaper, India's oil minister said, but Qatar isn't interested in renegotiating.

Total, Tullow Launch Joint Sale of Stakes in Kenyan Oil Project - Sources

Total and Tullow Oil aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said.

Trump Administration Approves Keystone XL On US Land

The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom.