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The Bicentenario crudeoilpipeline in Colombia has been shut down following an explosion that state oil company Ecopetrol said was caused by a guerrilla attack. Per a Reuters report citing the company, the Bicentenario pipeline was hit by the National Liberation Army. Last year, at one point Ecopetrol reported
The $5-billion East African CrudeOilPipeline (EACOP), which is planned to export crudeoil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project.
CALGARY – The CEO of Crown-owned pipeline operator Trans Mountain Corp. says it could take on other market-expanding pipeline projects if necessary, but that it would be preferable for the private sector to take the lead.
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. Crudeoil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.
liquids pipeline with a capacity of about 3 million barrels a day of crudeoil. Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S.
(World Oil) – (Bloomberg) Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. Crude output from the Vaca Muerta already stands at about 450,000 bpd.
In North America, built-up wax in crudeoilpipelines compromises oil flow, resulting in millions of dollars lost due to removal expenses. Honeya Shahin, a senior research chemist at SECURE, creates cost-effective, advanced chemical solutions to significantly reduce wax formation and restore flow.
The pipelines carrying crudeoil from the Permian Basin in West Texas to the Corpus Christi area have been as jammed as an urban highway on the Friday before Memorial Day weekend. In todays RBN blog, well discuss what this project means for pipeline congestion and crude exports out of Corpus and nearby Ingleside.
(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. In total, Enbridge moves 40% of all North American crude. billion (C$2.2
The Port of Vancouver moved a record amount of goods through its gates last year, an increase driven partly by surging oil exports made possible by the Trans Mountain Pipeline. Read more]
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crudeoil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.
It has been 12 months since the Trans Mountain Expansion Project aka TMX finally began operations after years of delay, creating a much-needed, larger conduit to move Western Canadas rising crudeoil production to the Pacific Northwest and overseas markets.
It might seem crazy to talk about expanding crudeoil and diluent pipeline systems between Canada and the U.S. amid what could escalate into an all-out trade war between the two nations.
The Hacksaw CrudeOil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crudeoil to downstream markets.
Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crudeoil exports from its southern ports. The operational capacity of the pipeline will be approximately 2 million barrels per day. By John Lee. million barrels per day.
The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crudeoil exports through the Iraq-Turkey Pipeline (ITP). companies.
(BOE Report) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. These groups took 49% stakes in subsidiaries Aramco OilPipelines and Aramco Gas Pipelines, in which Aramco retains 51% stakes.
(Oil Price) –Crudeoil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. Colombia’s 2024 oil recovery rate averaged 27 percent, energy minister Andres Camacho said last May.
As crudeoilpipelines from the Permian to the Gulf Coast edge closer to full utilization, its becoming a challenge for producers and shippers alike. Amid this capacity crunch, converting Enterprises Midland to ECHO 2 (M2E-2) pipeline back to crudeoil service cant come quickly enough.
government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Permian to Cushing pipeline flows are tracking 100,000 barrels per day higher year-over-year for the first quarter, Irwin said.
In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. Collectively, these organizations represent: 60% of North American crudeoil production 56% of natural gas production $12.1
(AP) An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. crudeoil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, Dec.
The oil-rich province also needs an approval of an oilpipeline to the B.C. Smith, for her part, said that Alberta needs a guaranteed corridor and port access to tidewater off the Pacific, Arctic and Atlantic coasts for the international export of Alberta resources.
The Iraqi OilPipeline Company has successfully removed an illegal tap on a 16-inch crudeoilpipeline in the Nahrawan area, east of Baghdad. Source: Ministry of Oil) The post Illegal Tap on CrudePipeline in Baghdad is Removed first appeared on Iraq Business News. By John Lee.
Several large, publicly held midstream companies play critical roles in transporting crudeoil, natural gas and NGLs from the Permian Basin to markets along the Gulf Coast, and all of them are investing hundreds of millions or even billions of dollars to expand their Permian-to-Gulf infrastructure.
REUTER BY ROWENA EDWARDS AND AHMED RASHEED, EDITING BY GERMÁN & CO March 31 (Reuters) - An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crudeoil exports through Turkey and sent oil prices back.
Kazakhstan has increased in February its crudeoil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crudeoil production surged by 15.5%
The dispute between ETP and Enterprise began in 2011, when Enterprise approached ETP about potentially building a crudeoilpipeline together. for the construction of the pipeline. Energy Transfer Partners has garnered significant amicus support on both sides of the “v.”
In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crudeoil supply and demand. At the same time, the area has also seen increasing volumes coming in from PADD 2 and Canada.
A half dozen large midstream companies provide the full gamut of wellhead-to-water services for Permian-sourced natural gas and/or NGLs, and a couple of those offer the same for crudeoil as well. In todays RBN blog, we look at what Enbridge and Plains have and what they are planning.
DNO ASA , the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. All payments are made in advance of loadings with the vast majority transferred directly into DNO's international bank accounts."
Notice of Proposed Rulemaking According to Transportation Secretary Anthony Foxx, the “Bakken crudeoil is on the high end of volatility compared to other crudeoils,…[and] its production is skyrocketing, up from 9,500 rail car loads in 2008 to 415,000 last year, a more than 4,000 percent increase.” 45,016 (Aug.
The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. MMBtu UP $0.32 West Texas Intermediate Spot $79.85/Bbl
Prices have shown mixed trends in the first quarter of the year due to higher output and pipeline constraints. Natural gas prices have been climbing from the past few quarters but remain below record highs of 2022 following U.S. sanctions against Russia after its invasion of Ukraine, prompting producers to curtail production.
Since Wednesday, August 15, all prices reported in the weekly chart (for both natural gas and crudeoil) have decreased as Hurricane Dean failed to have a significant impact on domestic production in the Gulf of Mexico, and temperatures moderated demand. Natural gas volumes in storage continue to increase. Bbl DOWN $4.06
What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crudeoil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.
We also saw record performance in crudeoil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). The increase was primarily due to increased gains related to pipeline optimization opportunities.
We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country’s security of supply: with the oil deposits in Vecss and Tura and the natural gas fields in Eastern Hungary, we have reached a five-year peak in domestic production. billion m3) of domestic production.
Pipeline transportation volumes rose 6 percent to 13.2 million barrels per day of NGLs, crudeoil, refined products and petrochemicals. Total fee-based natural gas processing volumes increased 12 percent or 760 million cfd to a record 7.2 billion cfd in the first quarter compared to 2024Q1. million boed, including 7.9
Crudeoil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17
We also saw strong performance in interstate natural gas transportation volumes (up 3% – a new Partnership record), crudeoil transportation volumes (up 10%), NGL transportation volumes (up 4%), NGL and refined products terminal volumes (up 4%), NGL exports (up 5%) and midstream gathered volumes (up more than 2%). pipe mills.
Grand Mesa Pipeline The divestitures fit into a multi-quarter effort by NGL to simplify its business and emphasize more predictable, fee-based midstream revenue. In particular, the company is placing renewed emphasis on the Grand Mesa Pipeline , its flagship crudeoil system serving producers in Colorados Denver-Julesburg Basin (DJ Basin).
Together, we will expand our pipeline of carbon capture, utilization and sequestration projects to help meet the increasing demand for low-carbon energy solutions.
The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies will not resume crudeoil exports via the Iraqi-Trkiye Pipeline (ITP) until the Government of Iraq (GOI) guarantees contract sanctity and payment for past and future exports. By John Lee.
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