Oil
Biden Administration Says Enbridge Pipeline Shutdown Order Should Be Reconsidered
The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday.
Former Shell CEO: Shell at Disadvantage to U.S.-Listed Rivals
Shell's former CEO, Ben van Beurden, said on Tuesday that European oil and gas companies will find it increasingly difficult to compete with U.S.-listed rivals.
Occidental to Resume GoM Production Following Temporary Shutdown Due to Oil Spill
Occidental Petroleum said on Wednesday production is expected to commence in the coming days in the eastern Gulf of Mexico (GoM) after some operations were shut for about five months.
U.S. Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices.
U.S. Coast Guard Clears Louisiana Waters After Main Pass Oil Gathering Pipeline Integrity Test
The Unified Command completed a line integrity test on the Main Pass Oil Gathering (MPOG) company's pipeline system near Plaquemines Parish, southeast of New Orleans, the U.S. Coast Guard said on Monday.
Chesapeake, Southwestern $7.4 Billion Merger Delayed by FTC's Request for More Information
Chesapeake Energy and Southwestern Energy said on Friday the closing date of their proposed $7.4 billion merger has been pushed back to the second half of the year after receiving a U.S. regulator's second request for information.
Iraq to Restart Kirkuk-Ceyhan Pipeline as Kurdish Talks Stall
The reopening of the Kirkuk-Ceyhan pipeline, which has been shut for a decade, would provide a rival route to a pipeline from the Kurdistan region that has been shut for a year as talks between Baghdad and the KRG on resuming exports have stalled.
Despite $90 Crude, U.S. Oil Output Capped by Weak Natural Gas Prices
U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns over new production are keeping shale drillers from big output increases in the world's top oil and gas producer.
AMPP Unveils New Guide to Enhance Pipeline Safety Through Corrosion Control
AMPP unveils a comprehensive guide to enhance pipeline safety through corrosion control, aligning with the latest PHMSA regulations. Developed by industry experts, the guide offers practical strategies for U.S. gas transmission operators and valuable insights for international counterparts, all aimed at safeguarding pipeline integrity.
Exxon Forecasts Decline in First-Quarter Profit Amid Weaker Oil, Gas Prices
Exxon Mobil on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivatives, a securities filing showed.
Enterprise Products Partner's Texas Gulf Coast Oil-Export Facility License Upheld by U.S. Court
A U.S. appeals court on Thursday upheld federal approval of a deepwater oil-export facility planned off the Texas Gulf Coast, saying the proposed Enterprise Products Partners facility had met environmental review criteria.
Pemex's Tupilco Profundo Field to Boost Mexico's Output by 117 MMbbl Oil, 124 Bcf Gas
Mexican state energy company Pemex plans to produce 116.9 million barrels of oil and 124.4 billion cubic feet of natural gas from the Tupilco Profundo field during its lifespan, the oil regulator said on Thursday.
Surprise May Start for Trans Mountain Pipeline Expansion Leaves Analysts Puzzled
Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian government-owned company said late on Wednesday, surprising analysts with an earlier than expected commencement on the long-delayed $25.2 billion project.
U.S. Halts Louisiana SPR Contracts Due to High Oil Prices
The U.S. Department of Energy on Wednesday said it will not award oil supply contracts for Louisiana's Bayou Choctaw Strategic Petroleum Reserve (SPR) site in August and September due to high oil prices.
Trans Mountain's Expanded Pipeline System to Begin Operations on May 1
Trans Mountain's expanded oil pipeline system will start commercial operations on May 1, the Canadian company said on Wednesday.
Biden Administration Cancels Latest Oil Reserve Refill Plan Amid High Prices
The U.S. has canceled the purchase of about 3 million barrels of oil for the Strategic Petroleum Reserve due to rising prices, slowing down the pace of replenishment after a historic sale from the emergency stockpile in 2022.
Lunate Acquires 40% Stake in ADNOC Pipeline Assets from BlackRock and KKR
Abu Dhabi investor Lunate said on Wednesday it had bought a 40% stake from private equity firms BlackRock and KKR in the entity that leases Abu Dhabi National Oil Company's (ADNOC) oil pipelines.
Canada's Indigenous Community Eye Big Energy Deals, Await Trudeau Loan Promise
Canada's First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects such as pipelines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance.
Trans Mountain to Finish Final Segment of Oil Pipeline Expansion in April
Trans Mountain will finish building the final segment of its Canadian oil pipeline expansion in April, according to a construction schedule the corporation filed on Monday with a regulator.
SLB to Buy ChampionX for $8 Billion in Growing Deal-Making in U.S. Energy Sector
Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.
ADNOC Cuts Upper Zakum Oil Exports Sharply After Diverting Supply to Refinery
Exports of Upper Zakum crude from the United Arab Emirates fell sharply in March after ADNOC diverted more supply to its own refinery and boosted shipments of its lighter Murban oil, according to traders, analysts and shipping data.
Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Rebuff
Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt.
XCL Resources Seeks FTC Approval for Altamont Energy Acquisition
The application seeks approval from the agency for its proposed acquisition of Altamont Energy, LLC, an oil and gas operator in Utah's Uinta Basin region.
API Releases New Standard for Public Engagement in Pipeline Operations
The standard, titled API Recommended Practice (RP) 1185, Pipeline Public Engagement, aims to foster proactive, inclusive, and collaborative communication throughout the lifecycle of pipeline construction and operation.
EnCap Investments Plans Sale of Utah Oil Producer XCL Resources, Sources Say
EnCap Investments is looking to sell XCL Resources, two years after the private equity firm's plan to combine the oil and gas producer with a local rival was thwarted by U.S. antitrust regulators.
Biden Administration Buys Oil for Emergency Reserve Above Target Price
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price.
New U.S. Rules Aim to Curb Leaks from Oil and Gas Drilling on Public Lands
The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines.
Colonial Pipeline Freezes Nominations on Baltimore Section Amid Port Shutdown
The Colonial Pipeline Company on Tuesday paused nominations to ship fuel on cycles 15 and 16 on Line 32, which delivers products to its Curtis Bay facility in the port of Baltimore, according to a notice seen by Reuters.
EACOP Reaches Milestone with Commissioning of Coating Plant in Tanzania
In a significant step forward for the Uganda and Tanzania crude oil pipeline project, the East African Crude Oil Pipeline (EACOP) marked a notable achievement as it officially inaugurated its coating plant at Sojo, Nzega – Tabora Region in Tanzania.
Why Morocco Remains Keen on Pipeline Project with Nigeria
Morocco has re-affirmed its commitment to the construction of a new gas pipeline network along the West Africa coastline to promote intra-Africa natural gas trade, as well as to guarantee energy supplies to Europe.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
