News

Minnesota Regulators Will not Appeal Ruling on Enbridge Project

Minnesota utility officials won’t appeal a ruling that shot down their approval of an environmental impact statement for Enbridge Energy’s plan to replace an aging crude oil pipeline.

Ritchie Bros. Sells Record $93 Million of Equipment in Two-Day Auction

Ritchie Bros, a global asset management and disposition company, recently held its yearly auction event in Columbus, Ohio, selling a record combined total of more than $93 million in heavy equipment.

Eni, Tunisia Government Extend Transport Deal to 2029

Italy’s Eni said it has renewed an agreement to continue transport of Algerian natural gas through Tunisia until 2029.

Gazprom Signs Five-Year Natural Gas Deal With Turkmenistan

Gazprom has signed a 5-year contract with Turkmengaz to purchase natural gas, the Russian gas producer said on Wednesday.

Canada Aboriginal Tribes Expected to Offer Purchase of Trans Mountain Pipeline

An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian government this week or next, a deal that could help Prime Minister Justin Trudeau mitigate election-year criticism from environmentalists.

Keystone XL Opponents Pursue New Legal Challenge

Environmentalists asked a federal judge on Monday to cancel approvals issued by the U.S. Army Corps of Engineers for the Keystone XL oil pipeline from Canada, opening another front in the legal fight over a long-delayed energy project that President Donald Trump has tried to push through to completion.

Mexico Pipeline Explosion Injures 3, 1 Missing

Mexican officials say three people have been injured and one is missing following the explosion of a gas pipeline in the central state of Guanajuato.

Druzhba Pipeline Flows Resume Full Volume

Russian pipeline monopoly Transneft announced that crude flows have resumed in full on its Druzhba pipeline.

Kinder Morgan and Tallgrass Energy Announce Open Season for Bakken Crude Transport

Kinder Morgan and Tallgrass Energy today announced the start of a binding joint tariff open season to solicit commitments for crude oil transportation service from Bakken origin points on the Hiland Crude system to refinery delivery points along the Pony Express system and to Cushing, OK.

Gazprom Signals Tough Talks with Ukraine on Gas Transit to EU

Alexei Miller, the head of Russian gas giant Gazprom, on Friday warned of difficult talks with Ukraine on gas transit to Europe once the current deal expires at the end of the year.

Mexican President Defiant in Row With Canada Over Pipeline Contracts

Mexican President Andres Manuel Lopez Obrador pushed backed on Thursday against Canadian concerns that gas pipeline contracts awarded under his predecessor might not be honored, saying the terms of the agreements were "abusive" toward the state.

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.