Oil

Colonial Pipeline Completes Acquisition of Refined Product Terminals

Colonial Pipeline Company has completed the acquisition of three refined product terminals from Lincoln Terminal Company.

Trump Issues Permit for Alaska to Alberta Oil Railway

President Trump has issued a presidential permit for a proposed railway project that would transport crude oil from Canadian oil sands in Alberta to export facilities in Alaska.

U.S. Pipeline Companies Hit by Weak Demand Offer Enticements to Keep Shippers

U.S. pipeline companies hit hard by the drop in global demand for oil due to the coronavirus pandemic are offering new shipping terms to producers to keep using their pipelines.

Indigenous Activists Occupy Petroperu Pipeline Facilities Over Healthcare Demands

A pipeline owned by Peruvian oil company Petroperu has been occupied by indigenous protests demanding better healthcare from the government, the company said on Tuesday.

Azerbaijan's SOCAR Says Oil and Gas Infrastructure is Safe

State-owned Azeri energy firm SOCAR said on Tuesday that the country's oil and gas infrastructure was safe from the current military conflict taking place in the Nagorno-Karabakh region.

Trump Backs Canada-Alaska Rail to Free Landlocked Oil, but Project Faces High Hurdles

President Donald Trump wrote on Twitter over the weekend he would issue a permit for a railway project from Canada's oil sands to ports in Alaska.

Opposition Team Criticizes Enbridge Plans for Line 5 Tunnel

Experts who reviewed project documents on behalf of opposition groups said Enbridge's plans for drilling an oil pipeline tunnel beneath a channel linking two of the Great Lakes do not meet industry standards.

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.

Norway Could Cut 22% of Oil and Gas Output if Workers Strike

Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association said.

Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand

Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.

Ingleside Pipeline Begins Shipping to Moda's Ingleside Energy Center

Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream.

Energy Execs Think U.S. Oil Production Has Peaked - Fed Survey

Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday.

U.S. Crude Oil Exports Continue Monthly Decline Since February Record High

U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, but still outpaced 2019 volumes through midyear.

U.S. Charges Former Manager of European Oil Firm over Graft in Ecuador

The U.S. Justice Department has charged a former manager of a European oil trading firm with paying bribes of $870,000 to help win a contract from Ecuador's state-run oil firm.

MPLX Announces Binding Open Season, Expansion of SLC Pipeline System

Marathon Petroleum's midstream division has launched a binding open season for a proposed expansion of its SLC Pipeline System.

Venezuela's PDVSA to Sell Crude to Iran — Source

According to sources, Venezuela state-owned oil firm PDVSA is preparing to sell a cargo of crude oil to Iran, under threat of U.S. sanctions.

Dakota Access Flows Safe Through 2020 — Court Schedule

The Dakota Access pipeline will be able to continue flows until late December 2020 at the earliest, according to a federal court schedule released last week.

Lower Canada-U.S. Crude Flows Draws Down on Cushing Glut

Weakened crude oil flows from Canada to Cushing, Oklahoma have helped drawdown on a surplus of fuel at a major industry storage hub over the past two weeks, according to industry traders.

PowerChina Eyes Rail Project to Transport Oil and Gas From Argentina's Vaca Muerta

Chinese energy firm PowerChina is in talks to finance a rail project to transport oil and gas from Argentina's Vaca Muerta shale play to the port city of Bahia Blanca,

Colombia's Ecopetrol Says Illegal Siphoning of Oil Pipelines Rose in 2020

Oil / News

Columbia's state-owned Ecopetrol says it is losing an average of 2,500 barrels of oil per day from thieves illegally siphoning fuel out of the company's pipelines.

Fossil Fuel Demand to Take Historic Knock Amid COVID-19 Scars — BP

BP is expected fossil fuel consumption to shrink for the first time in history as the pandemic has destroyed global energy demand and climate policies boost the development of renewable energy.

OPEC Cuts Oil Demand Forecasts

The OPEC group is predicted a continued slump in oil demand due to the difficulties facing many developing countries, particularly India, in containing and recovering from the coronavirus pandemic.

Uganda, Tanzania Sign Agreement for Pipeline Construction

Uganda and Tanzania have signed an agreement to build a crude oil export pipeline to carry Ugandan oil to an export facility in Tanzania.

Genesis Energy Oil Pipeline Unlikely to be Restored Before October

An oil pipeline owned by Genesis Energy in the U.S. Gulf of Mexico is unlikely to return to operations before October 1, the company said in a statement on Thursday.

Enbridge To Resume Operation of East Segment of Line 5

Enbridge has announced it is restarting the east segment of its Line 5 oil pipeline in Michigan.

Inland U.S. Refinery Closures Good Magellan Pipeline Systems — CEO

The closure of some U.S. oil refineries will be a boon to Magellan Midstream's oil pipeline systems, the company's CEO said on Wednesday.

Plains All American CEO Sees Further Consolidation in Pipeline Industry

The CEO of Plains All American said on Wednesday that the pipeline industry should expect more consolidations in the near future as low oil prices continue to hinder growth in the industry.

Energy Transfer Expects Dakota Access Pipeline Expansion Operational by Late 2021

Energy Transfer told investors on Tuesday that it expects the expansion of its embattled Dakota Access oil pipeline to be operational by the end of next year.

Anatomy of Frustration: Atlantic Coast and Dakota Access Pipelines

In early July, the U.S. pipeline industry faced down a one-two punch as the $8 billion Atlantic Coast Pipeline was canceled and a federal judge ordered the Dakota Access pipeline shut down.

And Our Readers Say …

A recent survey of Pipeline & Gas Journal readers showed a clear majority of respondents believe the lingering effects of the coronavirus and recent developments concerning Dakota Access and Atlantic Coast pipelines have dealt a serious one-two punch to midstream businesses.