Oil

Williams Begins Service on Deepwater Gulf Gathering Pipeline System

Williams announced today that it has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell, operator, and CNOOC Petroleum Offshore extending 54 miles from the Shell-operated Appomattox Floating Production System in 7,400-feet of water to the Transco Main Pass 261A junction platform, located approximately 60 miles south of Mobile, Alabama.

Belarus Upset Over Transneft Compensation Cap, Calls Decision 'One-Sided'

Belarusian state oil firm Belneftekhim said on Wednesday it considered a decision by Russian oil pipeline monopoly Transneft on compensation for dirty oil to be “one-sided”.

Transneft Sets Cap on Compensation for Pipeline Contamination

Russian oil pipeline monopoly Transneft on Wednesday set a cap of $15 per barrel for compensation stemming from contamination in its network.

Wisconsin Tribe Sues Enbridge to Force Pipeline Removal

A Native American tribe in Wisconsin is suing Enbridge Inc. in hopes of forcing the Canadian company to remove a key pipeline that runs through their reservation.

TechnipFMC Awarded Significant Integrated EPCI Contract in North Sea

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (EPCI) contract from Neptune Energy for the Seagull project, located in the Central North Sea.

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.

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.

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.

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.

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.

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.

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.

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

Medallion Starts Open Season for Midland Crude System, Joint Tariff Service

Medallion today launched a binding open season to solicit binding, long-term commitments to support a new crude oil gathering system in the Midland Basin and a new joint tariff transportation service by Medallion Midland Gathering (MMG) and Medallion Pipeline.

Russia's Transneft Slams Rosneft Over Tainted Oil Crisis

Russian state-owned pipeline monopoly Transneft criticized oil producer Rosneft on Monday, alleging it had dragged its feet over quality controls and making unsubstantiated damages claims.

Pipeline Expansion, Reversal May Offset Pa. Refinery Losses

The Central Atlantic Region is turning to more imports after the catastrophic fire and closure of Philadelphia Energy Solutions' 335,000 pbd refinery, but a longer-term solution may involve the expansion or reversal of major pipeline to bring more product from Ohio.

Permian to Need More Crude Takeaway Capacity After Brief Overbuild: WoodMac

Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is be needed.

Supplemental Open Season Launched for Red Oak, Liberty Pipelines

Phillips 66 and joint-venture partners Bridger Pipeline and Plains All American announced a supplemental open season seeking additional crude oil transportation commitments for joint service on the planned Red Oak and Liberty pipelines from production areas in the Rockies and Bakkan to Cushing, Okla., and multiple locations along the Texas Gulf Coast.

Druzhba Pipeline Flows Resume Full Volume

Russian pipeline monopoly Transneft announced that crude flows have resumed in full on its Druzhba pipeline.

Plains' Cactus II Oil Pipeline to Begin Line Fill in a Week, According to Source

Plains All American Pipeline LP’s 670,000 bpd Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said.

Canada Eases Oil Production Curtailments for August

Canada is easing its curtailments on crude oil production for August, citing Increased rail capacity and improved pipeline efficiency.

Flint Hills Considering Sale of Texas Crude Export Terminal

U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday.