Pipeline News

Source: Reuters

Energy Transfer slams US denial of LNG extension, seeks rehearing

Yahoo Finance


HOUSTON – Pipeline operator Energy Transfer slammed the U.S. Department of Energy’s denial of an export-permit extension to its Louisiana liquefied natural gas (LNG) export project in a DOE filing, seeking a rehearing.

 

The DOE had denied …

Source; Oil Price

ONEOK and Magellan merger to create $60-billion pipeline giant

Yahoo Finance


(Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators.

The deal will see each Magellan stakeholder …

FERC greenlights Tellurian’s $1.4 billion natural gas pipeline project in Louisiana

FERC greenlights Tellurian’s $1.4 billion natural gas pipeline project in Louisiana

World Oil


(WO) – Tellurian Inc. announced that the U.S. Federal Energy Regulatory Commission (FERC) issued the certificate on April 21, 2023 granting authorization for Driftwood Pipeline, LLC’s Line 200 and Line 300, an approximate $1.4 billion natural gas transmission …

Source: Reuters

Denmark invites Nord Stream operator to help salvage unidentified object

Nasdaq


COPENHAGEN – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea.

Three explosions last September on …

Source: Reuters

CERAWEEK-Keystone pipeline oil flows won’t change after US order to cut pressure, CEO says

Nasdaq


HOUSTON – Oil flows on TC Energy’s TRP.TO Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive François …

Source: Reuters

Canadian Natural Resources’ Q4 profit down from year ago; extreme cold affects output

Yahoo Finance


CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production.

 

The Calgary-based company reported Thursday that it earned $1.52 billion …

Source: Oil Price

Kazakh oil starts flowing to Germany via Russian pipeline network

Oil Price


Crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany, Russian pipeline monopoly operator Transneft said on Monday.

 

Kazakh crude oil began flowing to Germany via transit through Poland, …

Source: Reuters

Oil slips as dollar firms, Russia pipeline halt limits slide

BOE Report


Oil prices edged lower on Monday as a stronger dollar discouraged buying though losses were limited by supply concerns after Russia halted exports to Poland via a key pipeline.

West Texas Intermediate U.S. crude futures (WTI) traded at …

Source: Reuters

Judge grants motion by state of Michigan to appeal key decision in Line 5 dispute

BOE Report


WASHINGTON – The U.S. judge presiding over Michigan’s bid to shut down the Line 5 pipeline has agreed to let the state appeal a key ruling even though the case remains unresolved.

 

District Court Judge Janet Neff …

Source: Reuters

Enbridge books Q4 loss due to goodwill impairment charge

Oil Price


Canada’s pipeline operator Enbridge (NYSE: ENB) reported on Friday a loss for the fourth quarter of 2022, compared to a profit for the same period of 2021, due to a non-cash goodwill impairment of US$1.86 billion …

Source: BOE Report

Equinor says sanctions prevented it helping on Nord Stream

BOE Report


Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming.

In September, several unexplained …

Source: Reuters

The Nord Stream Pipeline could be repaired within a year

Oil Price


The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s …

January 17, 2023 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Pipeline News
Source: Reuters

Keystone oil spill cleanup expected to last weeks

Energy Now


Cleanup of the biggest U.S. oil spill in nearly a decade will take at least weeks more, local officials in Kansas said on Tuesday, citing a recent meeting with Keystone pipeline owner TC Energy Corp (TRP.TO).

There is …

December 14, 2022 - 9:32 am Closing Bell Story‎, Crude Oil News, Energy News, Pipeline News
Source: BOE Report

Oil climbs as shut pipeline in U.S. adds to supply uncertainty

BOE Report


Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States remained shut, adding to concerns about potential tight supply in the world’s biggest crude consumer.

 

U.S. West Texas Intermediate (WTI) crude …

Source: Oil Price

Keystone Pipeline oil leak has now been contained

Oil Price


Canadian pipeline operator TC Energy said it had contained the leak from the Keystone pipeline that occurred in the middle of last week, spilling 14,000 barrels of crude into a creek.

 

The leakage was contained in Kansas, …

December 12, 2022 - 12:30 pm Canada, Canada News, Closing Bell Story‎, Energy News, Pipeline News
Source: Reuters

Oil rises on uncertainty over U.S. pipeline restart, Russian supplies

Nasdaq


SINGAPORE – Oil prices rose more than 1% on Monday as a key pipeline supplying the United States stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports.…

Source: Bloomberg

Keystone oil pipeline shut down after leak in Nebraska

Oil Price


TC Energy, the operator of the Keystone Pipeline, said on Thursday that it had shut down the oil pipeline and is responding to a release of oil into a creek near Steele City, Nebraska.

 

“We have shut …

Source: Reuters

‘No sacred cows’ as TC Energy prepares for C$5 bln asset sales

US News


WINNIPEG, Manitoba – As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business.

‘No sacred cows’ as TC Energy prepares for C$5 bln asset sales- oil and gas 360- oil and gas 360

Chief

Source: Reuters

Biden administration quietly approves huge Texas oil export project

World Oil


The Biden administration has approved plans to build the nation’s largest oil export terminal off the Gulf Coast of Texas, which would add 2 million barrels per day to the U.S. oil export capacity, The Texas Tribune and

November 28, 2022 - 9:30 am Crude Oil News, Energy News, LNG, Offshore, Pipeline News
Source: BOE Report

Heavy crude discount narrows despite Keystone curtailment

BOE Report


Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed slightly on Tuesday.

 

WCS heavy blend crude for December delivery in Hardisty, Alberta, settled at $28.60 barrel under WTI, according to NE2 Inc, …

Source: World Oil

Alaska’s pricey crude pushed out of China by Russian oil

World Oil


(Bloomberg) – China’s passion for Alaskan oil appears to be over as the country turns to Russia.

 

 

Surging Chinese energy demand amid Covid lockdowns on the US West Coast prompted Alaskan oil exporters to ship more …

Source: Reuters

KeystoneXL Pipeline could’ve weakened OPEC’s bargaining position

Oil Price


The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) and is now begging Saudi Arabia and OPEC not to cut oil production. This is a result of the unintended — but predictable — consequences of U.S. energy …

Source: Oil Price

Why the U.S.’ largest shale gas basin misses out on the LNG boom

Oil Price


Regulatory hurdles are stymieing growth in natural gas production in the Marcellus-Utica basin, the largest U.S. gas-producing region, which is set to miss out on the expected boom in American liquefied natural gas (LNG) exports in the coming …

Source: Oil Price

BlackRock is ready to invest In U.S. energy pipelines

Oil Price


The world’s biggest asset manager, BlackRock, is prepared to invest in energy pipelines in the United States as soon as such projects get the green light from the government, BlackRock’s chief executive Larry Fink said on Wednesday.

 …

October 13, 2022 - 2:30 pm Capital Markets, Crude Oil News, Energy News, Pipeline News
Source: Bloomberg

Canadian oil prices collapse despite having plenty of pipelines to move it

World Oil


(Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.

 

Heavy Western Canadian Select’s discount to West Texas

Source: CNBC

Sweden says investigation into Russian pipeline leaks strengthens suspicion of ‘gross sabotage’

CNBC


Sweden’s national security service on Thursday said a crime scene investigation into the gas leaks from two underwater pipelines connecting Russia to Germany “strengthened the suspicions of gross sabotage.”

Sweden’s Security Service said the investigation found there had been

Source: Reuters

Nord Stream rupture may mark biggest single methane release ever recorded – UN

US News


The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea has led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme said on Friday.

 

Source: World Oil

Deltastream’s Marten Hills oil drilling gamble gives backers $1.4 billion return

World Oil


Publisher’s Note: Tamarack Valley Energy was a presenter at EnerCom Denver last month. Click to view their replay.

(Bloomberg) — Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of …

Source: Reuters

New Russia gas halt tightens energy screws on Europe

Nasdaq


Russia will halt gas supplies via a major pipeline to Europe on Wednesday intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries.

 

The …