News

Fuel Shipments from U.S. Gulf, Europe Help Supply East Coast After Fire

A refined products supply gap on the U.S. East Coast created by a massive fire at a Philadelphia refinery last week will be filled by shipments from the Gulf Coast region and Europe, market sources said.

Archrock Acquires Elite Compression for $410 Million

Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.

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.

Judge Orders Corps of Engineers to Turn Over Dakota Access Documents

A federal judge has ordered the Army Corps of Engineers to turn over more documents that four Native American tribes say could bolster their lawsuit seeking to shut down the Dakota Access pipeline in North Dakota.

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.

SoCalGas Delays Return of California Natgas Pipeline

Southern California Gas Co (SoCalGas) has delayed the estimated return of a natural gas pipeline until July 29 from July 5 after finding a couple of pipeline leaks in remote areas of the desert that the company said were "non-hazardous."

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.

Anadarko to Proceed with $20 Billion Mozambique LNG Project

Anadarko Petroleum Corp has formally sanctioned the construction of a $20 billion gas liquefaction and export terminal in Mozambique, energy consultant Wood MacKenzie said Tuesday. It is the largest single LNG project ever sanctioned in Africa.

Williams Completes $3.8 Billion Marcellus/Utica Joint Venture

Williams said it has completed of the formation of a $3.8 billion joint venture with Canada Pension Plan Investment Board that includes the Ohio Valley Midstream system in the western Marcellus and Utica East Ohio Midstream system in eastern Ohio.

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.

Canadian Government Likely to Approve Trans Mountain Expansion

Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.

U.S. Allows Iraq to Import Iranian Gas for 3 More Months

The United States has allowed Iraq to import Iranian gas for its power grid another three months by extending a waiver to sanctions - but insists that Baghdad seek alternative sources.

U.S. Senator Introduces Bill to Sanction Nord Stream 2 Pipeline

U.S. Senator John Barrasso introduced a bill to slap sanctions on individuals and companies developing Russia's Nord Stream 2 natural gas pipeline, a day after President Trump said he was considering sanctions on the pipeline.

Oil Tankers Struck Near Iran Amid Heightened Middle East Tensions

Two oil tankers near the strategic Strait of Hormuz came under a suspected attack Thursday, setting one of them ablaze in the latest mysterious assault targeting vessels in a region crucial to global energy supplies amid heightened tension between Iran and the U.S.

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.

Trump Considering Sanctions Over Russia's Nord Stream 2

U.S. President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project and warned Germany against being dependent on Russia for the fuel.

$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.

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.

Canadian Senate Passes Major Project Assessment Bill with Heavy Amendments

The Canadian Senate has approved legislation aimed at changing the way major projects such as oil pipelines are assessed, with more than 180 amendments that were welcomed by the government of Canada's main crude-producing province Alberta.

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.

Michigan AG Vows to Shutdown Line 5 in 30 Days if Talks Fail

Michigan Attorney General Dana Nessel says she will move next month to decommission the Great Lakes oil pipeline if the state’s governor cannot resolve the issue with operator Enbridge.

Bombing Attack Halts Pumping on Colombian Pipelines

Pumping on Colombia's Bicentenario and Cano Limon oil pipelines has been halted following bomb attacks in recent days, sources from operators Bicentenario and state-run oil company Ecopetrol said on Wednesday.

Pipeline Opponents Challenge Louisiana Law Targeting Protesters

Environmental groups and demonstrators arrested near an Energy Transfer LP crude pipeline filed a lawsuit on Wednesday challenging a 2018 Louisiana state law that made trespassing near oil and gas pipelines a criminal offense.

PetroChina Raising Gas Prices Ahead of Pipeline Reshuffle

PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China's pipeline assets and trying to recoup huge fuel import losses.

U.S. Asks Supreme Court for More Time on Atlantic Coast Appeal

The U.S. Solicitor General asked the Supreme Court on Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy Inc from building the Atlantic Coast natural gas pipeline across the Appalachian Trail in Virginia.

National Grid Halts New Gas Service Until Williams Pipeline Approved

National Grid said it will not process new applications for natural gas service in its New York City and Long Island service areas until Williams' Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed.

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.

Activists Occupy German Pipeline in Nord Stream Protest

Police say activists have occupied a building site in northern Germany to protest the ongoing Nord Stream 2 pipeline project with Russia.

Texas May Stiffen Penalties for Pipeline Damage

Lawmakers in Texas are considering a bill that would stiffen penalties for damaging or trespassing around oil and gas operations despite opposition from environmental groups who say it would quell peaceful protests and overly criminalize offenses.