Oil

Magellan Considering Sale of Stake in Longhorn Pipeline

U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.

Ohio Refineries Fear Michigan Line 5 Pipeline Shutdown

Operators of refineries in Ohio are worried that a potential shutdown of a Great Lakes oil pipeline in Michigan could push up their costs or even force them to close.

Syria: Sabotage Damaged Subsea Oil Pipelines

Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria's oil ministry.

Druzhba Pipeline Flows to Poland Resume after Shutdown

Oil flows to Poland through the Druzhba pipeline resumed on Thursday after being suspended on Wednesday evening due to the discovery of contaminated oil, Polish pipeline operator PERN said.

Energy Transfer to Expand Dakota Access Capacity

Energy Transfer Partners (ET) plans to nearly double the capacity of Dakota Access Pipeline up to 1.1 MMbpd from a current capacity of more than 500,000 bpd, according to a Wednesday filing with the North Dakota Public Service Commission.

Phillips 66 Plans Crude Export Terminal, New Pipelines Offshore Texas

Phillips 66 confirmed plans for a deepwater crude export terminal off the Texas Gulf Coast to transport production from the Permian and Bakken basins to international markets via its recently announced Red Oak and Liberty pipelines.

Canadian Oil Sector Anticipates Nod for Trans Mountain Pipeline Expansion

Canada's energy sector and politicians across the spectrum were anticipating the government would approve a hotly contested oil pipeline expansion on Tuesday after years of debate and court challenges.

U.S. Shale Oil Output to Rise to Record 8.52 MMbpd in July EIA

U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.

Russia's Transneft says Druzhba Pipeline to Resume on July 1

Russian pipeline monopoly Transneft expects the Druzhba pipeline to resume full operations from July 1, TASS news agency cited the company's vice president Sergey Andronov as saying on Friday.

ExxonMobil to Expand Infrastructure for Growing Argentina Production

ExxonMobil announced it will proceed with a long-term oil development in Argentina's Vaca Muerta shale, including the construction of pipeline and export infrastructure to support an expected 55,000 oil-equivalent bpd by 2024.

Bayou Bridge Launches Open Season for Expanded Joint Tariff Service

Bayou Bridge Pipeline launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System.

Tallgrass Tackles Project on Further Pony Express Pipeline Expansion

Tallgrass Energy is pursuing a project to support crude oil production in northern Weld County, Colo., near the border between Wyoming and Colorado. The Hereford Project will include 30 miles of 12-inch pipeline, as well as expanded capacity on the Pony Express system.

Magellan Optimistic About Cushing-to-Houston Crude Pipeline

Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said.

Rangeland Plans Crude Gathering Project in Alberta

Rangeland Midstream Canada plans to design, construct and operate new crude oil and condensate pipelines in the Marten Hills region of north central Alberta.

$1.6 Billion Liberty Pipeline Construction to Proceed Under Phillips 66, Bridger JV

Phillips 66 and Bridger Pipeline announced that they are proceeding with construction of the $1.6 billion Liberty Pipeline from the Rockies and Bakken production areas to Cushing, Okla.

Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System

Plains All American Pipeline and Phillips 66 announced they will proceed with construction of the Red Oak Pipeline system in a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.

Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play

As Canadian oil production has outpaced pipeline takeaway capacity, demand for storage in the oil sands province of Alberta has increased.

Court Lifts Injunction Blocking Keystone XL Pipeline

An appeals court has lifted a judge's injunction that blocked construction of the Keystone XL oil pipeline from Canada to the U.S., but the developer has said it's too late to begin work this year and environmental groups vowed to keep fighting it.

Brazil Supreme Court Approves Sale of Petrobas Pipeline Unit

Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras.

Enbridge Seeks Michigan Court Ruling on Line 5 Pipeline Deal

Enbridge said will go to court after failing to strike a deal with Michigan Gov. Gretchen Whitmer on building an oil pipeline tunnel beneath the channel that connects Lakes Huron and Michigan.

U.S. Regulators Partially OK Cactus II Rate Structure

U.S. energy regulators partially approved the rate structure and terms of service for Plains All American Pipeline LP’s Cactus II crude and condensate line from the Permian Basin to the Corpus Christi, Texas, area.

Minnesota Court Rejects Environmental Assessment for Enbridge Line 3 Pipeline

A Minnesota court ruled on Monday that Enbridge Inc.'s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays.

Russia's Oil Output Hits 11-Month Low on Dirty Oil Crisis

Russian oil output in May fell to its lowest level since June 2018, primarily due to closure of the oil-contaminated Druzhba pipeline.

Water Solutions Company Paying Big for West Texas Ranch

A water solutions company out of Forth Worth, TX is ready to spend $450 million for water underneath a West Texas ranch.

Crude Contamination: Ukraine Suspends Pipeline Deliveries; Total Halts Refinery Operations

Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe were temporarily suspended, as Total halted some refining operations in Germany for technical checks due to contaminated crude supply.

Armed Drones Attack Oil Pumping Stations on Saudi Pipeline

Saudi Arabia said armed drones had struck two oil pumping stations on a pipeline Tuesday in what it called a "cowardly" act of terrorism two days after Saudi oil tankers were sabotaged off the coast of the United Arab Emirates.

Howard Energy Plans New Gathering System in STACK Play

Howard Energy Partners announced yesterday that it has executed an agreement with a major North American oil and gas producer to construct, own and operate a new natural gas gathering system located in the over-pressured area of the prolific STACK play. HEP’s new midstream infrastructure will be anchored by fee-based, long-term acreage dedications totaling approximately 10,000 acres in Dewey and Custer counties in central Oklahoma.

Marathon Petroleum Combines Midstream Operations for $9 Billion

Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion.

Iraq Close to Signing $53B deal with Exxon, PetroChina

Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.

Report: Blaze Engulfs 2 Iranian Pipelines, 5 Workers Injured

Iran's official IRNA news agency says firefighters have brought under control a blaze that engulfed two oil and gas pipelines in southwestern, oil-rich Khuzestan province.