Oil

California Port Where Spill Occurred had Numerous Ships Waiting to Unload

Ships in record numbers have jammed the port complex near this weekend's oil spill in California, according to port data, as investigators look into whether a ship's anchor could have hit a pipeline to cause the leak.

Canada Formally Invokes 1977 Pipeline Treaty with US Over Line 5 Dispute

Canada formally invoked a 1977 treaty with the United States to request negotiations over Enbridge Inc.'s Line 5 pipeline, escalating a long-running dispute over one of Canada's major oil export pipelines.

California Oil Spill Cause Probed; Storm Threatens Cleanup

Federal and state investigators were focusing on a 41-year-old pipeline as the likely source of an oil spill that killed wildlife and fouled the coast of southern California, and an approaching storm threatened cleanup efforts.

Sentinel Midstream, ExxonMobil Form Enercoast Midstream to Serve Houston Energy Market

Sentinel Midstream Texas announced the formation of a joint venture with ExxonMobil Pipeline Company that owns crude oil pipelines and related transportation infrastructure in the Houston area.

Explainer: Global Energy Shortage or a Coincidence of Regional Crises?

There is a broad-based rebound in energy demand from lows hit during the depths of the coronavirus pandemic that has raised prices for oil, gas and coal; ongoing supply restrictions by oil cartel OPEC; and global transport bottlenecks that have complicated fuel distribution.

Brent Dips After Topping $80 a Barrel, Highest Since October 2018

Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits.

Sudan Protesters Agree to Resumption of South Sudanese Oil Exports

Sudan's government reached an agreement with tribal protesters to allow the resumption of exports of landlocked South Sudan's crude oil via a terminal on the Red Sea, Sudanese officials said.

Protesters in Eastern Sudan Shut Oil Import Pipeline

Protesters in eastern Sudan shut a pipeline that carries imported crude oil to the capital Khartoum, but there are enough reserves for the country's needs for up to ten days, the ministry of energy and oil said on Saturday.

Tribes Say Dakota Access Oil Pipeline's Environmental Review is Biased

Native American Tribes including the Standing Rock Sioux Tribe told the U.S. Army Corps of Engineers that the environmental study on Dakota Access oil pipeline is biased and urged the Biden administration to bring in the U.S. Interior Department.

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

Damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. The prolonged shut-in of the WD-143 platform would also affect smaller operators which use the Mars pipeline.

Shell Exits Permian with $9.5 Billion Texas Shale Sale to ConocoPhillips

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

Dakota Access Pipeline Asks U.S. Supreme Court to Scrap Environmental Study Order

Dakota Access asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review.

Program to Pacify Nigeria's Oil Delta Stalled by Corruption, its Boss Says

Before the amnesty program, the region had experienced years of full-blown conflict, with armed groups blowing up pipelines and flow stations, kidnapping oil workers and fighting the armed forces.

Oil Slips to $75 as U.S. Storm Threat Wanes

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.

Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind

The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.

China to Announce Details of Oil Reserve Sales in Due Course

China said on Monday it will announce details of planned crude oil sales from strategic reserves in due course. The vague wording and the lack of detail created some confusion among market watchers over whether the auctions had already taken place or would happen in the future.

U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve

The U.S. Energy Department said it approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve after damage from Hurricane Ida devastated offshore oil production.

U.S. Offshore Oil Production Losses Felt Around the Globe

Two weeks of U.S. offshore production losses spiraled on Thursday, with contract cancellations as prolonged outages due to damages from Hurricane Ida were felt around the globe.

Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4

A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.

Securing America’s Critical Energy Infrastructure: 5 Steps for Operators

Today, fearing the worst, oil and gas companies – and the federal government – are putting a renewed emphasis on cybersecurity in this crucial component of our nation’s critical infrastructure sector. In this threatening and confusing landscape, operators follow five steps detailed in this article.

Enbridge Bolsters U.S. Gulf Coast Export Capacity with $3 Billion Moda Midstream Buy

Enbridge Inc. said on Tuesday it was buying logistics company Moda Midstream Operating LLC for $3 billion in cash, gaining access to an export terminal in Texas that loaded more than a quarter of all U.S. Gulf Coast crude exports last year.

U.S. Probing Nearly 350 Reports of Oil Spills in Wake of Hurricane Ida

The U.S. Coast Guard said on Monday it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida.

Over 89% of Oil, Gas Output Shut in U.S. Gulf of Mexico

Oil and gas production in the U.S. Gulf of Mexico on Friday remained largely halted in the aftermath of Hurricane Ida, with 1.7 million barrels, or 93%, of its daily crude output suspended.

U.S. Energy Firms Strain to Shake Off Hurricane's Toll

U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida's damages became more apparent.

Eni Announces Giant Oil Discovery Offshore Ivory Coast

talian energy group Eni said on Wednesday it had made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of oil and around 2 trillion cubic feet of associated gas.

OPEC+ Committee Expects Oil Market Surplus in 2022

The OPEC+ joint technical committee expects the oil market to remain in a 0.9 MMbpd deficit this year but hit a surplus of 2.5 MMbpd in 2022 as the group raises production

Line 3 Pipeline Approaches Completion after Court Ruling

Enbridge's Line 3 replacement project is nearing completion after successfully defending another legal challenge last week, when the Minnesota Supreme Court decided it would not hear an appeal from opponents who sought to overturn regulatory approval.

ConocoPhillips-Backed Solaris Readies IPO with Sustainability Pitch

ConocoPhillips-backed Solaris Midstream Holdings LLC, the water pipeline company serving the U.S. oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors.

Trophy Pipeline Announces Open Season for Texas Expansion Project

Trophy Pipeline announced it intends to conduct an Open Season for its Texas Expansion project. Trophy proposes to construct an approximately 3-mile-long pipeline from a new origin in Winkler County, Texas, to its existing FERC-regulated, crude oil pipeline in Lea County, New Mexico.