Oil

Pipeline Constraints to Cost Canadian Oil Producers $16 Billion

A shortage of pipeline capacity is driving down the price of Canadian oil and will cost the country’s energy sector C$15.8 billion in lost revenues this year, finds a new study released by the Fraser Institute.

Pembina to Expand Peace Pipeline

Pembina has announced another expansion of its Peace pipeline system to accommodate incremental volume commitments in support of growth in the Montney and Deep Basin resource plays.

Enbridge Fined for Missing Pipe Inspection Deadlines

The U.S. government has fined Enbridge more than $1.8 million after accusing the Canadian oil transport company of missing deadlines for pipeline inspections following a 2010 oil spill in southwestern Michigan.

Keystone XL Work to Begin in Montana this Fall

TransCanada plans to start preliminary work on its Keystone XL pipeline project in Montana in the fall of 2018 ahead of full construction in 2019, according to a letter from the U.S. State Department to Native American tribes.

Keystone Pipeline Pressure Restrictions Lifted

PHMSA has lifted pressure restrictions on TransCanada's Keystone oil pipeline.

Suncor CEO: Pipeline Bottlenecks Won't Constrain Company's Growth

Suncor CEO Steve Williams said the company's current growth plan is not constrained by pipeline bottlenecks, but does not expect to make any further major investments in Canada's oil sands until market access improves.

Installation of Statoil's Johan Sverdrup Oil Pipeline Begins

The installation of a 283-km oil pipeline to the Johan Sverdrup field has commenced, Statoil said.

Phillips 66 to Proceed with Gray Oak Pipeline

Phillips 66 Partners receives sufficient binding commitments on an initial open season to proceed with construction of the Gray Oak Pipeline system, which will provide crude oil transportation from West Texas to destinations in the Corpus Christi and Sweeny/Freeport markets.

Liquid Pipeline Deliveries Rise 43%, Incidents Drop

According to API and AOPL's 2018 Annual Liquids Pipeline Report, pipelines are safely transporting more oil than ever before.

Minnesota Judge to Rule on Enbridge's Line 3 Project

An administrative law judge will rule today whether to recommend that Minnesota regulators approve Enbridge's proposal for replacing its aging Line 3 crude oil pipeline across northern Minnesota.

Libyan Oil Pipeline Attacked by 'Terrorist Group,' Source Says

A Libyan crude pipeline owned by the al-Waha oil company was set on fire, causing the loss of between 70,000 bpd and 100,000 bpd.

Offshore Oil Is Poised For Significant Growth

The offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs and simpler designs.

Diving Deep in the Gulf of Mexico

Drillers are diving deep to increase oil and gas production in the Gulf of Mexico.

Crude Oil Exports Roar Back after Gulf Coast Refinery Disruptions

Hurricane Harvey caused disruptions to America's Gulf Coast refinery sector in late August and September 2017, but crude oil exports reached a monthly record of more than 1.7 MMbpd the very next month.

Minnesota Governor Vows Veto of Bill Authorizing Enbridge Pipeline

ST. PAUL, Minn. (AP) — Gov. Mark Dayton says he’d veto a bill that would kick start construction of a crude oil pipeline replacement across northern Minnesota. The years-long review process for the Enbridge Line 3 pipeline is nearing its conclusion. The Public Utilities Co..

Operators Race to Build Pipelines as Permian Nears Takeaway Capacity

Numerous crude oil pipeline construction projects are currently underway as the Permian Basin nears its takeaway capacity.

North Dakota to Ask Feds for Money for Pipeline Protest Cost

North Dakota to ask feds for money to cover costs associated with Dakota Access pipeline construction project protests.

Michigan Regulators OK More Support Anchors For Line 5 Pipeline

LANSING, Mich. (AP) – State officials have given Enbridge Inc. permission to install 22 more anchor supports along twin pipelines at the bottom of the waterway linking Lakes Michigan and Huron. The Michigan Department of Environmental Quality issued a permit last week allowing the supports for Line..

Russia Holds Firm as Top Crude Oil Supplier to China

BEIJING (Reuters) – Russia kept its spot as the largest crude oil supplier to China in February, data showed on Friday, a role it held in January and for the past two years on an annual basis. Russia supplied 5.052 million tonnes, or 1.32 million barrels per day (bpd) last month, up 17.8 percent fr..

TechnipFMC Receives EPCI Contract for Malaysian Pipeline Project

TechnipFMC wins EPCI contract for an oil pipeline construction project off the Malaysian coast.

Mandated Study of Dakota Access Pipeline to Miss Completion Goal

Federal officials say more time is needed to complete an environmental study of the Dakota Access pipeline construction project.

Enbridge Pipeline Raises Concerns in Minnesota

Minnesota residents concerned about pipeline construction project.

More Trans Mountain Route Hearings Begin in Canada

Canada’s National Energy Board (NEB) has commenced Detailed Route Hearings in the B.C. Lower Mainland area to solicit comments from landowners who have raised concerns with the proposed route of the Trans Mountain Expansion Project.. The hearings, which are being held in Burnaby. B.C., started Marc..

Trans-Alaska Pipeline Fights 22 Million Cyberattacks Per Day

ANCHORAGE, Alaska (AP) — Alyeska Pipeline Service Company’s chief information officer said his team fights off about 22 million cyberattacks per day. Bill Rosetti said that at the Anchorage headquarters for the trans-Alaska pipeline, his team is kept busy by mass, automated attacks — often fr..

Appeals Court Lifts Halt to Louisiana Pipeline Construction

Appeals court says work can resume on the Bayou Bridge pipeline construction project.

Minnesota Regulators OK Environmental Review for Disputed Oil Pipeline

Minnesota regulators approve the final environmental review for Enbridge's Line 3 pipeline construction project.

API: U.S. Petroleum Demand Near Its Highest Levels In 11 Years

According to the latest monthly report by the American Petroleum Institute (API), U.S. petroleum demand hit 20.3 million bpd in February, up by more than a million bpd from February of last year and nearing record highs not seen for more than a decade. “The economy and energy demand have continued ..

Iran Signs $740 Million Agreement on Oil Project

TEHRAN, Iran (AP) — Iran’s state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border. Under the agreement signed Wednesday, there will be a 48,000-barrel daily production of crude for a 10-year span in oil fields in A..

Interior Department to Send $18 Million from Oil and Gas Drilling to Colorado

DENVER (AP) — The U.S. Interior Department will send $18 million from oil and gas development from Colorado’s Roan Plateau back to the state. Interior Secretary Ryan Zinke made the announcement Tuesday during a Senate committee hearing. The money is leftover from the cleanup of Anvil Points, a nav..

Iraq to Increase Kirkuk Oilfields Output to Supply Refineries

BAGHDAD (Reuters) – Iraq’s state-run North Oil Company (NOC) has begun testing operations at its Avana and Bai Hassan oilfields in Kirkuk to increase crude supply for domestic refineries, Iraqi officials said on Wednesday. “We have started testing operations at Avana and Bai Hassan oilfields to pre..