Storage
Remaining Oil Storage in Cushing, OK is Already Booked — Traders
Oil traders have said the remaining storage space for crude oil in Cushing, Oklahoma, the largest storage site in the U.S., is already completely booked up by producers.
Producers Scramble for Storage Space as Oil Glut Grows
Oil producers are scrambling to find storage space for excess barrels, many being forced to pay storage companies to take oil as prices turned negative on Monday for the first time in history due to an unprecedented slump in demand.
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.
Enterprise Offers Crude Oil Transport to Cushing on Seaway Pipeline
Enterprise Products Partners said it will give oil companies hunting for places to store crude the chance to ship barrels on its Seaway pipeline from the Gulf Coast to Cushing, Oklahoma, the main U.S. storage hub.
France's CIM's Storage Tanks Brimming on Low Oil Demand
Oil tanks at France's storage and dispatch services company CIM are completely full due to the glut in global oil supply and the sharp drop in products demand, the director general of the company said.
U.S. to Buy 30 Million Barrels of Oil to Help Fill Strategic Reserve
President Trump has directed the U.S. Department of Energy to begin purchasing crude oil to fill the country's Strategic Petroleum Reserve.
Global Oil Storage May Hit Capacity Within Months — Analysts
Industry analysts are predicting oil storage availability around the globe may reach capacity within months.
Traders Race for Storage as Oil Price Plunges
Oil traders are racing to buy up storage as oil prices plummet amid the Saudi/Russian price war.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy approved the construction of 1 million barrels of new tankage at its Hardisty Terminal.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.
Pipeline Operators: Germany's Winter Gas Supplies Secure
Germany will have enough natural gas this winter, despite restrictions on transit routes Opal and TENP 1, as storage levels are close to 100%, pipeline operators' group FNB said on Monday.
Officials Study Fire at California Storage Site after Quake
Officials are trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at an ethanol storage facility in the San Francisco Bay Area that started a fire and kept thousands of people in their homes for hours because of potentially unhealthy air.
New Pipelines, Hurricane Drive WTI Inventories Down, Prices Up
U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.
Energy Department Offering Grants for Pipeline Projects
The Department of Energy will award $24 million in grants for the development of tools, methods and technologies to cost-effectively enhance the safety and efficiency of the nation’s natural gas production, gathering, storage, and transmission infrastructure. Grants will be as much as $3 million but no lower than $1 million.
Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play
As Canadian oil production has outpaced pipeline takeaway capacity, demand for storage in the oil sands province of Alberta has increased.
NW Natural Completes North Mist Expansion Project
NW Natural has completed its North Mist Expansion Project and begun providing no-notice storage to Portland General Electric’s Port Westward plants to balance renewable power on the grid.
New Concho-Frontier JV to Construct Midland Basin Gathering System
Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.
Storage Tanks Explode at Venezuela Heavy Oil Project
Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator.
Lithuania to Ask Belarus to Switch Nuclear Plant to Gas
Lithuanian Prime Minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland.
Navigator Announces Glass Mountain Expansion, Extended Voyager Open Season
Navigator Energy Services said it will significantly expand its Glass Mountain Pipeline System (GMP) with new segregated crude grades, more storage and transportation capacity, additional origin points and expanded market access at Cushing. It also extended its open season with Magellan Midstream for their proposed 500-mile Voyager Pipeline.
SoCalGas Asks Customers to Reduce Use, Cites Limits on Pipelines
Southern California’s gas utility extended its request for consumers to reduce natural gas use through the weekend, to avoid straining the system as cold weather lingers over the area.
Gas Remains Key to UK Energy
Gas is a key element of the U.K.’s energy mix, but the closure of Centrica’s Rough long-term storage facility last year reduced U.K. gas storage to only 14 days of capacity, compared with 87 in France, 69 in Germany and 59 in Italy.
Improving Methane Emissions from Natural Gas Transmission, Storage
Interstate natural gas transmission companies are committed to minimizing methane emissions. This article explains methane emission sources for the transmission and storage sector and the basis for emissions commitments that INGAA members have voluntarily adopted.
NuStar Energy Agrees to Sell Its European Operations to Inter Pipeline
NuStar Energy agreed to sell its European terminals and related assets to Inter Pipeline’s European storage subsidiary, Inter Terminals, for $270 million.
Evacuation Lifted after California Gas Pipeline Scare
Emergency crews extinguished a fire burning dangerously close to a Chevron underground natural gas pipeline Thursday and lifted an evacuation order that had forced some 4,000 residents from their homes the night before.
Evacuation Ordered Near Chevron Gas Storage Fire
A fire that ignited in an underground natural gas storage area in the San Francisco Bay Area prompted the evacuation of thousands of residents, as Chevron emergency crews worked Thursday to purge gas from a pipeline and prevent an explosion, officials said.
Firefighters Sue SoCal Gas over Aliso Canyon Leak
Firefighters who worked in and around the site of a massive natural gas leak have sued Southern California Gas Co., alleging the utility knowingly let them be exposed to dangerous levels of toxic chemicals.
Open Season Launched for Plantation Pipeline Expansion
Kinder Morgan today started an binding open season to solicit commitments for the Roanoke Expansion project on the Plantation Pipe Line System.
Lotus Midstream to Acquire Centurion Pipeline
Crude oil logistics provider Lotus Midstream entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum. The transaction is expected to close later in the third quarter of 2018, subject to customary closing conditions.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
