News

U.S. Shale Oil Output to Drop by Record 194,000 Bpd in April — EIA

New data from the U.S. Energy Information Administration predicts the country's shale oil output will fall by a record 194,000 bpd in April.

U.S. Crude Stocks Jump by Record 19 Million Barrels: EIA

Crude oil stockpiles in the U.S. rose by 19 million barrels last week, the largest one-week increase in history.

FERC Issues Favorable Environmental Assessment for Double E Pipeline

Summit Midstream and Exxon Mobil's Double E pipeline carrying natural gas from the Permian Basin to the Waha Hub in Texas has received a favorable environmental review from U.S. regulators.

PGNiG Loads First LNG Tankers in Lithuania

Polish gas giant PGNiG has sold and loaded the first two cargos of LNG from its reloading terminal in Lithuania.

Pipeline Operator Sues Chesapeake Energy Over Transport Payment Dispute

Chesapeake Energy is being sued for defaulting on transport payments owed to pipeline operator Glass Mountain from a contract that had been renegotiated earlier this year.

Enterprise Offers Crude Shipments on Existing Pipeline from U.S. Gulf Coast to Cushing, OK

Enterprise Products Partners is going to offer spot shipments from the U.S. Gulf Coast to Cushing, OK as demand for inland flow routes surges.

Shell, Exxon Halt Some Gulf of Mexico Flows Due to Exxon Pipeline Leak

A leak in a subsea oil pipeline operated by Exxon has leaked in the U.S. Gulf of Mexico.

U.S. Railroads Refusing Demands for Oil Storage in Rail Cars

American railroad companies are refusing to store oil in rail cars as storage space rapidly dwindles.

Ecuador Scrambles to Contain Oil Spill in Amazon Region

Authorities in Ecuador are struggling to contain an oil spill after a landslide ruptured two oil pipelines earlier this week.

U.S. LNG Cargoes Heading to China After Beijing Awards Tax Waivers

For the first time in over a year, cargoes of U.S. LNG are heading to China after the government began awarding tax waivers to some importers.

Ecuador Halts Crude Pipelines Due to Landslide, Says Exports Unaffected

Ecuador Halts Crude Pipelines Due to Landslide, Says Exports Unaffected

U.S. Will Become Net Importer of Petroleum Products by End of 2020 — EIA

The U.S. EIA predicts the country will become a net importer of oil and gas products by the third quarter of 2020.

Sonatrach Fills Algerian GR7 Gas Pipeline

Algerian oil and gas company SONATRACH has successfully filled its GR7 gas pipeline.

Keystone XL Construction Begins at U.S.-Canada Border

TC Energy said construction has begun on the Keystone XL crude oil pipeline at the U.S.-Canada border.

INEOS to Postpone Forties Pipeline System Shutdown

UK pipeline operator INEOS is delaying the planned shutdown of it's Forties Pipeline System.

North Dakota Regulators Approve ONEOK Pipeline

State regulators in North Dakota have approved a proposed pipeline expansion project from ONEOK.

Enbridge Running Mainline with Unused Space as Canada Cuts Oil Output

Enbridge is running its Mainline system with unused space as producers begin to cut output, according to an executive with the company.

Qatar Petroleum Maintains Scope of LNG Expansion, Postpones Production — CEO

The CEO of Qatar Petroleum said that while the company intends to delay the start of production of its LNG facility, there are no plans to reduce the scope of the expansion project.

Phillips 66 Offers Storage on Gray Oak Pipeline

Phillips 66 will offer on system storage for shippers on its Gray Oak pipeline system.

Putin Suggests Sizable Oil Production Cut as Prices Fall

The President of Russia has said he would be willing to cut oil production in cooperation with the U.S. and OPEC+.

Texas Might Curb Oil Output Under Broader OPEC+ Deal — Regulator

A Texas oil regulator said that America's largest producing state would consider cutting production if Saudia Arabia and Russia reached a curtailment deal.

President Trump Says Saudi Arabia, Russia Ready to Cut 15 Million Bpd

President Trump said that Saudi Arabia and Russia might be ready to cut their oil production by as much as 15 million bpd.

Kazakh Oil Producers Seek New Pipeline Route

Oil producers in Kazakhstan are looking for a new pipeline route to Baltic and Black sea export facilities.

Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge

Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.

U.S. to Lease Strategic Reserve Space After Buying Plan Canceled — Sources

The Trump administration is considering leasing storage space in the Strategic Petroleum Reserve after plans to purchase oil collapsed.

Cheniere Applies to Begin Service on Midship Pipeline

Cheniere has applied to the U.S. FERC to begin service on its Midship natural gas pipeline.

Texas Energy Industry Tackles Flaring, Methane Emissions

A group of Texas-based energy companies and trade associations has formed a coalition to tackle flaring and methane emissions across the industry.

Canada's Inter Pipeline Halts sale of European Unit Due to Coronavirus Impact

In another blow to the energy sector caused by the coronavirus pandemic, Canada's Inter Pipeline has stopped the sale of its European liquid storage business.

Coronavirus Crisis 'Game Changer' for Oil Sector: Goldman Sachs

Analysts from Goldman Sacha say the oil sector will emerge from the coronavirus pandemic leaner and stronger but the crisis still poses a risk for shortages down the line.

Poland's PGNiG Wins $1.5 Billion in Court Battle with Gazprom

Polish gas distributor PGNiG has won a $1.5 billion settlement with Russia's Gazprom.