North America

Explainer: Oil Storage Situation in Canada, US After Keystone Spill

Days after TC Energy Corp.'s Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.

US Poised to Become Net Exporter of Crude Oil in 2023

Sales of U.S. crude to other nations are now a record 3.4 million bbl/d, with exports of about 3 million bbl/d of refined products like gasoline and diesel fuel. The United States is also the leading LNG exporter, where growth is expected to soar in coming years.

Winter Storm Cuts North Dakota's Shale Oil Production

A winter blizzard sweeping across the northern United States has cut North Dakota's oil output by 200,000 to 250,000 barrels per day, or 18% to 22%, state Pipeline Authority Director Justin Kringstad estimated on Friday.

US Energy Regulator Approves Energy Transfer's 135-Mile Louisiana Gas Pipeline

Pipeline operator Energy Transfer on Thursday received approval to start operations on a natural gas pipeline that will deliver fuel to the U.S. Gulf Coast at a time of supercharged demand overseas.

TC Energy Restarts Segment of Keystone Pipeline Unaffected by Oil Spill

Canada's TC Energy Corp. is resuming operations in a section of its Keystone pipeline a week after a leak of more than 14,000 barrels of oil in rural Kansas triggered the whole pipe's shutdown.

Williams to Acquire 2,000 Miles of Gas Pipeline from Southwest Gas for $1.5 Billion

MountainWest comprises roughly 2,000 miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity.

Canada to Bring Back Sanctions on Nord Stream Pipeline Parts

Canadian Prime Minister Justin Trudeau’s government will revoke the waiver that exempted Nord Stream pipeline turbines from Canadian sanctions on Russia’s oil and gas industry, Bloomberg News reported on Wednesday, citing a senior government official.

Keystone Pipeline Operator Recovers About 2,600 Barrels of Oil from Kansas Creek

Canada's TC Energy Corp. said it had cleaned up almost 2,600 barrels of oil from the largest U.S. crude spill in nearly a decade, but the timetable to restart the Keystone Pipeline following its rupture last week remained unclear.

Major Oil Pipeline Outage to Hit US Stockpiles, Refinery Supplies

An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said on Friday.

TC Energy Says Has Not Found Cause of Keystone Oil Pipeline Leak

TC shut the pipeline after more than 14,000 barrels of crude oil spilled into a creek in Kansas on Wednesday, making it one of the largest U.S. crude spills in nearly a decade.

Canada’s Pembina to Sell Near $500 Million Stake in 348-Mile Gas Pipeline System

KAPS is a 560-km (348-mile) pipeline system that transports natural gas liquids between Western Canada's Montney and Duvernay fields to Keyera's processing facilities in Fort Saskatchewan.

Pipeline Operator Kinder Morgan Forecasts Higher 2023 Betting on Strong Demand

Kinder Morgan Inc. on Wednesday raised its adjusted core earnings outlook for 2023, as the U.S. pipeline operator bets on higher demand for transporting crude oil, gas-liquids and carbon dioxide.

XRI Commences Construction of 230-Mile Water Pipeline System in Permian Basin

(P&GJ) — When the Evolution Pipeline system is completed, the combined system will comprise 230 miles of pipeline infrastructure with recycling facilities and produced water disposal wells covering much of the Permian Basin. The pipeline has already secured long-term contracts from operators Chevron, Exxon, XTO Energy and Pioneer Natural Resources.

Sempra Energy Strikes 15-Year LNG Supply Deal with France's ENGIE

Sempra Energy said on Tuesday it would supply about 0.875 MTPA of LNG to French power company ENGIE for 15 years from its proposed Port Arthur LNG project in Texas.

Bison Water Midstream Gains Oklahoma Infrastructure with Lagoon, Overflow Energy Deal

(P&GJ) — Through the acquisition, Bison's integrated water infrastructure platform is now comprised of a 750-mile water gathering system, 60 disposal facilities, 5.7 million barrels of storage capacity, 100,000 barrels per day of recycling/reuse capacity, and over 20 long-term contracts covering 17 million dedicated AMI acres across the entire Basin.

Outrigger Energy Sells Nearly 200 Miles of Natural Gas, Crude Pipeline to Summit Midstream

(P&GJ) — Outrigger Energy II LLC has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners LP, which includes approximately 160 miles of low and high pressure natural gas gathering pipeline and 30 miles of crude oil gathering pipelines with delivery to the Pony Express Pipeline.

Gas Flow Resumes from Equitrans Pennsylvania Site After November Leak

Equitrans Midstream Corp. on Friday said it has received agency approvals to flow gas out of the Rager Mountain storage facility in Pennsylvania following a November natural gas leak that lasted for several days.

EQT-THQ Appalachia Latest US Energy Deal to Face Regulatory Delay

Natural gas producer EQT Corp. said on Friday the U.S. antitrust regulator has asked for more information on its planned $5.2 billion buyout of THQ Appalachia I LLC and associated pipeline infrastructure.

Canada's TC Energy Gets Approval to Expand NGTL Gas Pipeline System

The West Path Delivery 2023 (WP2023) project will add about 40 km (25 miles) of new natural gas pipeline to the existing 25,000-km (15,534 miles) NGTL system, which ships gas across Canada and to U.S. markets.

Ineos Signs 20-Year LNG Supply Deal with Sempra

(P&GJ) — INEOS has signed a 20-year contract with Sempra Infrastructure for the supply of approximately 1.4 MTPA of LNG from Phase 1 of the Port Arthur LNG facility under development in Texas North America.

Mexico’s New Puerta al Sureste Gas Pipeline

(P&GJ) — The Puerta al Sureste gas pipeline project is being carried out by the Canadian company TC Energía in conjunction with the Mexican state-owned company Comisión Federal de la Electricidad (CFE).

Enbridge Sees Higher 2023 Profit, Joins Occidental on Carbon Capture Project

Canada's biggest pipeline operator Enbridge Inc. on Wednesday forecasted higher 2023 core earnings, banking on sustained high demand for oil and gas amid tight supplies.

US Natural Gas Implied Volatility Hits Record on Delayed Freeport LNG Restart

U.S. natural gas futures implied volatility hit a record high on Tuesday following weeks of rapid price moves due to changing winter weather forecasts and questions about the restart of the Freeport LNG export plant in Texas.

New Fortress Finalizes Deal to Develop Lakach Gas Project in Mexico

New Fortress Energy said on Tuesday it had finalized agreements with Mexican state oil company Pemex for the development of an LNG project associated with the country's Lakach offshore gas field.

Enbridge Reduces Supply on Vital Canadian Pipeline System

Calgary-based pipeline operator Enbridge said in a statement on Friday that it will allot space on a section of its Mainline system by the most since November of last year.

Delfin Gets More Time to Build US Gulf of Mexico LNG Export Plant

U.S. energy regulators on Friday extended until September 2023 the amount of time liquefied natural gas developer Delfin LNG has to put the onshore part of its proposed Gulf of Mexico floating export project off Louisiana into service.

Equitrans Expects to Stop Pennsylvania Gas Leak in Next Couple of Days

U.S. energy company Equitrans Midstream Corp. said on Thursday it expected to stop a natural gas leak at its Rager Mountain storage facility in Pennsylvania in the next couple of days.

Mexico In Talks with US Storage Providers to Set Up Gas Reserve

Mexico is in talks with U.S. storage providers to create a strategic gas reserve that could be used in emergencies, an official with the country's state power utility said, after a 2021 cold snap left businesses in northern Mexico without gas.

White House Asks Congress for $500 Million to Modernize Oil Reserve

The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows. The SPR oil is stored in hollowed-out, underground salt caverns that can shift and potentially require maintenance when petroleum is removed and replaced.

Green Groups Sue Louisiana Over Venture Global LNG Permit Exemption

Three environmental groups have sued the Louisiana Department of Natural Resources for exempting Venture Global LNG from needing an environmental permit to build a LNG terminal, the organizations said on Wednesday.