Oil

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.

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.