Oil

Michels Corporation Selected by TC Energy to Build Facilities on Keystone XL

Michels has been selected by TC Energy to build several pump stations along the Keystone XL pipeline.

San Mateo Midstream Provides Pipeline, Black River LNG Updates

San Mateo midstream provided updates on Tuesday to several of its ongoing pipeline projects as well as on the expansion of its Black River LNG plant in New Mexico.

Imperial Shuts Kearl Oil Sands Operations After Pipeline Outage

Imperial Oil announced on Wednesday it has shut production at its Kearl oil sands production site in Canada due to an outage on a third-party pipeline.

Phillips 66 Partners Announces Open Season for Gray Oak Pipeline

Gray Oak Pipeline has launched an open season to solicit transport interest on the Phillips 66 pipeline from West Texas to a new destination in Victoria, TX.

U.S. Energy Exports Severely Disrupted by Hurricane Laura

Hurricane Laura severely impacted U.S. oil and gas exports this week as the Category 4 storm forced the closure of several facilities on the country's Gulf Coast.

Pipeline Tunnel Supporters, Foes Clash Before Michigan Panel

Supporters and opponents of a tunnel to house an oil pipeline crossing the Straits of Mackinac in Michigan appeared before a regulatory panel on Monday to present their arguments.

Phillips 66 Shuts More Louisiana Facilities, Pipelines as Hurricane Approaches

Phillips 66 announced it is closing additional facilities in Louisiana in preparation of Hurricane Laura's landfall on Wednesday evening.

Hurricane Laura Poses Biggest Storm Threat to U.S. Oil and Gas in 15 Years

The oil and gas industry is shutting down production at facilities on the Texas and Louisiana Gulf Coast at a rate not seen since 2005's Hurricane Katrina as the region prepares for Hurricane Laura.

Minnesota Governor Appeals Enbridge Line 3 Regulator Approval

The Governor of Minnesota has appealed utility regulators approval Enbridge's Line 3 pipeline replacement project.

Stored Crude, Condensate Could be Shipped from Shuttered Libyan Ports

Exports of crude oil and condensate could restart soon from a few Libyan ports as authorities seek to draw down its storage and ease an electricity supply shortage.

China Ramps up U.S. Oil Purchases Ahead of Trade Deal Review — Sources

Shipments of U.S. crude oil into China are expected to rise in the coming weeks as the two countries begin to review a trade agreement signed in January.

ConocoPhillips Gets U.S. Green Light for Alaska Oil Project

The U.S. Bureau of Land Management approved ConocoPhillips' plan for drilling in Alaska's National Petroleum Reserve, including roads and pipelines to access the North Slope site.

Red Butte Pipe Line Announces Open Season

Red Butte Pipe Line, a subsidiary of Silver Creek Midstream, has announced an open season on a crude oil pipeline system in Wyoming.

Quality Issues Add Delays to Venezuela's Crude Exports — Documents

The worsening quality of crude oil exports from Venezuela is causing further delays in loading times at the state-run oil company PDVSA's main terminal according to internal company documents.

Canada Now Biggest Source of US Imports

Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States.

Supreme Court Reinstates Permit 12, Excludes Keystone XL

The U.S. Supreme Court reinstated the Army Corps of Engineers’ (Corps) use of Nationwide Permit 12 but refused to let TC Energy resume construction of its Keystone XL pipeline under the fast-track permit.

Energy Transfer Vows to Keep Dakota Access Oil Flowing

Energy Transfer has vowed to fight a court order to shut down and empty the Dakota Access oil pipeline (DAPL), contending that U.S. District Judge James Boasberg overstepped his authority with the ruling.

Phillips 66 Plans to Shut Facilities, Pipelines Amid Renewables Shift

Phillips 66 has announced plans to close or convert some of its facilities along with the associated pipelines as part of the company's transition to renewable fuels.

Oil Rises After Bigger-Than-Expected Drop in U.S. Inventories

Benchmark prices for oil rose on Tuesday after an industry report showed a larger drawdown of U.S. crude inventories than analysts had expected.

Judge Gives U.S. Three Weeks to Detail Dakota Access Pipeline Options

A federal judge has ordered the U.S. Army Corps of Engineers to provide options for resolving the loss of a permit for the Dakota Access oil pipeline by the end of the month.

San Mateo Midstream Announces Binding Open Season

A subsidiary of San Mateo Midstream has announced a binding open season to gauge interest for a proposed expansion project.

BP Midstream Pipeline Volumes Fall 10% in Q2, Revenues Up

BP Midstream announced that pipeline volumes fell 10% in Q2 due to shrinking demand caused by the coronavirus pandemic while revenues for the company rose over the same period.

U.S. Appeals Court Allows Dakota Access Pipeline to Keep Running

A U.S. appeals court on Wednesday said that the Dakota Access Pipeline does not have to be shut and drained per a lower court order.

Petroperu Resumes Pipeline Operations After Coronavirus-Related Halt

Peru's state-run energy firm Petroperu has restarted pipeline operations after being halted due to concerns over the coronavirus.

MPLX Sees $100 Million Earnings Hit if Bakken Oil Pipelines Shut

MPLX, the midstream branch of energy firm Marathon, announced it could begin losing $100 million a year if closures of two North Dakota pipelines were to take effect.

Shell Midstream Cuts Costs as Demand Destruction Hits U.S. Pipeline Flows

Shell Midstream has announced spending cuts as demand fell across many of its U.S. pipeline operations.

U.S. Crude Output in May Plummets by Record 2 Million Barrels per Day

Data from the U.S. Energy Information Administration shows domestic crude output experienced its sharpest drop in 15 years in May.

Trump Allows Keystone Pipeline to Ship More Canadian Oil After Expansion Stalls

President Donald Trump has issued a presidential permit to allow TC Energy's Keystone oil pipeline to ship nearly 30% more Canadian crude as the company's' proposed expansion of the pipeline has again been stalled by legal hurdles.

TC Energy Profit Dips from Uncontracted Keystone Volumes

TC Energy reported a 6% drop in profits on Thursday partly due to a fall in uncontacted volumes on its Keystone oil pipeline.

Trump Seeks out Loyal Donors in West Texas Oilpatch

President Donald Trump's visit to a U.S. fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut that is putting the squeeze on his loyal donors in the petroleum industry.