Saudi Crude Flows to China Expected to Stay High in June
Saudi Arabia is set to maintain oil exports to China at a one-year high in June, with 48 million barrels allocated amid increased OPEC+ output and strong demand from Chinese refiners.
Saudi Arabia is set to maintain oil exports to China at a one-year high in June, with 48 million barrels allocated amid increased OPEC+ output and strong demand from Chinese refiners.
Tallgrass secures anchor shippers for a proposed Permian-to-Rockies pipeline, aiming to move up to 2.4 Bcf/d of natural gas by late 2028 and link into its decarbonization network.
NGPL, one of the largest interstate natural gas pipeline networks in the U.S., spans nine states with approximately 9,100 miles of pipeline, one million horsepower in compression, and 288 billion cubic feet of storage.
Nigerian oil firm Oando has completed repairs on its Bayelsa state pipeline after four sabotage-related oil spills. The company shut down affected wells and plans future upgrades to reduce risk.
BKV Corp. and Copenhagen Infrastructure Partners formed a $500 million joint venture to develop carbon capture projects in the U.S., starting with Barnett Zero and Eagle Ford.
Iran added 265 miles of new gas pipelines and launched major compressor stations and infrastructure projects last year to expand its national gas transmission system and support future exports.
Enbridge is targeting startup of its Canyon and Sparta offshore pipelines by 2028-29 and evaluating 24 Bcf of expansion potential at its Gulf Coast gas storage sites to strengthen LNG export connectivity.
Russia and China are advancing talks on the proposed Power of Siberia 2 gas pipeline, which would deliver 50 bcm of Russian gas annually via Mongolia. A deal remains under negotiation, Russian officials said.
Pemex reported and addressed leaks on an oil pipeline transporting crude from its Akal-C platform to the Dos Bocas terminal in Tabasco, Mexico, with cleanup underway and operations set to resume.
I Squared, Enbridge and MPLX have agreed to acquire up to 85% interest in the Matterhorn Express gas pipeline, which carries Permian Basin gas to Houston, marking a major midstream infrastructure deal.
TurkStream pipeline gas flows are rising, posing a challenge to the EU’s roadmap to phase out Russian gas by 2027. Southeast Europe’s growing reliance on the pipeline risks undermining European energy diversification efforts.
Tidewater Midstream is acquiring a segment of Pembina Pipeline's 234-mile Western pipeline system in British Columbia, Tidewater announced on May 6. The deal secures long-term access to crude for the Prince George Refinery and is expected to close by September.
Nigeria’s Renaissance Africa Energy has halted oil production after a spill on the Okordia-Rumuekpe pipeline, with initial reports citing possible vandalism in the oil-rich Niger Delta.
NGL Energy Partners has completed $270 million in non-core asset sales, including NGL terminals, refined products, and crude railcars, to pay down debt and strengthen its balance sheet.
SiEnergy will acquire EPCOR’s Texas natural gas utility for $60 million, expanding its footprint near Houston with 6,900 metered connections and 353 miles of pipeline across 12 communities.
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