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refining hubs have prompted Canada’s pipeline giant Enbridge to test interest from potential shippers for a new pipeline in Illinois linked to the Mainline system. Enbridge is considering raising the crude shipment capacity from Canada to the United States via the pipeline that could boost oil flows by 200,000 barrels per day (bpd).
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The suspension has already cut Ecuador’s crude output by an estimated 133,000 barrels…
Arabian Gulf Oil Company (AGOCO), wholly owned by the National Oil Corporation of Libya, has completed repairs on a crude oil pipeline where a leak was detected at the end of May. AGOCO completed the repairs on the Hamada-Zawiya crude oil pipeline, the company said on Thursday, as carried by Reuters.
(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday.
The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.
(Oil Price) – A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I The private sector is going to drive a proposal of a new pipeline, Carney said.
The Keystone oil pipeline, which was shut last week after a leak, is expected to resume service by Tuesday, April 15, or at least this is the targeted start date announced by pipeline operator South Bow.
The Panama Canal is considering an idea to build a pipeline to ship liquefied petroleum gas (LPG) across the key trade chokepoint to potentially bring gas from the U.S. to Japan, according to the canal administrator Ricaurte Vasquez.
South Sudan, a landlocked country in East Africa, broke from Sudan in 2011 and took with it around 350,000 barrels of day (bpd) in oil production at the time. However, the only export oil pipeline out of South Sudan passes through its neighbor to the north, Sudan. To access Port Sudan…
The Phase 3 development plan includes two new subsea templates, which will be tied into existing infrastructure via new pipelines. The investment will increase recoverable volumes from the field by 40–50 million barrels of oil equivalent (boe), with production expected to start in late 2027, Equinor said on Tuesday. Last year,…
million barrels daily. The countrys government has a stated ambition to boost that considerably, by some 1 million barrels daily within two years. But there is a problem it needs to solve first: pipeline sabotage. The explosion sparked a massive fire at a section of the pipeline and the flow
Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6
But getting those incremental barrels to refiners and exporters will require more pipeline takeaway capacity, including expansions to Enbridge’s Mainline and Express systems, which should keep barrels flowing to key markets in the U.S. It seems almost nothing is going to stop Western Canada’s crude oil production growth.
Supply factors, such as the Keystone pipeline outage and surging US crude inventories, contributed to the downward pressure on oil prices, further destabilizing the market.
Ecuador's state-run oil company, Petroecuador, has declared force majeure at the operations of its SOTE pipeline after a landslide ruptured the pipeline, releasing tens of thousands of barrels of oil.
per barrel, with West Texas Intermediate at $73.77 per barrel. The damage, according to the Haifa refinery’s operator, Bazan, was localized at pipelines and transmission lines, the Times of Israel reported. At the time of writing, Brent crude was trading at $74.83 The publication added that Iran launched some 40 missiles…
Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.
YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipe will be built alongside an existing line from the 1970s, roughly doubling overall capacity for the route to about 300,000 barrels a day (bpd). (World Oil) – (Bloomberg) Chevron Corp.,
The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels, according to the statement, which showed that the preliminary reported total volume of natural gas in the state during the same month was 918.4 The preliminary reported total volume was 120,766,747 barrels, the statement highlighted.
liquids pipeline with a capacity of about 3 million barrels a day of crude oil. Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S.
The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024. The terminal itself boasts a storage capacity of 750,000 barrels.
a barrel under the U.S. a barrel [Read more] The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures narrowed on Friday, as global oil prices leaped on escalating Israel-Iran tensions. WCS for July delivery in Hardisty, Alberta, settled at $8.90
Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. Current market conditions suggest oil should be trading in the high $70s to low $80s per barrel based strictly on current OECD crude and product stock levels.
Export flows to Trkiye's Ceyhan port stopped two and half years ago after Ankara halted Iraqs 450,000 barrels per day (bpd) of exports through the Iraq-Trkiye pipeline following an ICC ruling that Trkiye should pay Baghdad damages of $1.5 billion for unauthorized exports by the KRG. The stoppage is estimated to have cost the
The assets under the deal include 193,000 barrels per day of fractionation capacity, 23 million barrels of storage capacity and over 2,400 kilometres of pipeline infrastructure. CALGARY – Keyera Corp. has signed a deal to buy Plains’ Canadian natural gas liquids business, as well as select U.S. assets, for $5.15
Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.
But getting those incremental barrels to refiners and exporters will require more pipeline takeaway capacity, including expansions to Enbridge’s Mainline and Express systems, which should keep barrels flowing to key markets in the U.S. It seems almost nothing is going to stop Western Canada’s crude oil production growth.
Caspian Pipeline Consortium (CPC) blend oil exports have been capped at 1 million barrels per day, taking 700,000 bpd off the market, after Russia ordered the shutdown of two out of three moorings at the CPC main Black Sea oil export terminal. The order went into force on April 1.
(Oil Price) –Canadas pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline pipeline system in North America. bcf/d natural gas pipeline connecting Permian supply to Katy. billion (C$2.2 billion (C$2.2
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Monday, returning to the extremely tight levels it was trading at prior to last week’s shutdown of the Keystone pipeline. a barrel under WTI, [Read more]
The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. Oil from the Fram field goes through Troll Oil Pipeline II to Mongstad, and gas is exported to Kollsnes via the Troll A platform. kilograms of carbon dioxide per barrel of oil equivalent.
That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.
South Bow on Thursday said it had recovered about 700 barrels of oil from a leak on the Keystone Pipeline earlier this week in North Dakota, which has shut the key conduit for Canadian oil exports to the U.S. South Bow, owner and operator of the 4,327-km (2,689-mile) pipeline, is still investigating the [Read more]
Image by Pattadis Walarput via iStock A tanker hauling 1 million barrels of oil suffered an explosion while near Libya, its manager said Monday. The Vilamoura has sailed to Russian oil terminals twice since April to pick up Kazakh oil, rather than Russian barrels. WHAT DO YOU THINK?
natural gas production and 500 barrels per day of U.S. In January, APA said it reduced production by about 23,500 barrels of oil equivalent per day (boepd) in the fourth quarter. Prices have shown mixed trends in the first quarter of the year due to higher output and pipeline constraints. per Mcf worldwide.
million barrels per day (bpd) for the year, 5 percent higher than last year. million barrels per day (bpd) for the year, 5 percent higher than last year, the data analytics firm said in a news release. million barrels per day of existing installed capacity was brought online from 2001 and 2017. "More than 3.8
billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas. These resources include: 0.5
Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. million barrels per day. The operational capacity of the pipeline will be approximately 2 million barrels per day.
a barrel under the U.S. a barrel in Monday’s trade, the day before the July 1 Canada Day [Read more] The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Wednesday. WCS for August delivery in Hardisty, Alberta, settled at $10.05
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. miles of natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties. The pipeline system comprises two active segments: OM (Other Modification): 38.55
a barrel under the U.S. a barrel on Wednesday. The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Thursday. WCS for August delivery in Hardisty, Alberta, settled at $10.30 benchmark WTI, according to brokerage CalRock, compared with $10.05
billion cubic feet/day at Empress Storage : ~23 million barrels across multiple strategic locations Pipelines : Over 1,500 miles, with throughput capacity >575,000 barrels/day Logistics : Rail and truck terminals across Canada and parts of the U.S. logistics components.
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Friday, even as the Keystone oil pipeline from Canada to the U.S. a barrel under WTI, [Read more] remained shut down for a fourth consecutive day.
“Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an actual increase in production is hard to detect,” analysts including Martijn Rats said in a June 9 note. million barrels a day this year, outpacing global demand growth of about 800,000 barrels a day.
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