News

Transport

Continental Resources Announces Firm Transportation Agreement On Enable's Project Wildcat

Continental Resources Inc. (NYSE: CLR) announced the execution of a firm transportation agreement on Enable Midstream Partners' (NYSE: ENBL) Project Wildcat. 

Pipelines

British Columbia Files Case, May Delay Kinder Morgan Pipeline

Canada’s ruling Liberals have insisted that they have jurisdiction over project, which they approved in 2016.

Reuters

Crude Oil

Oil Rises As Concern Heats Up Over Iran Sanctions, Venezuelan Output

Oil prices rose on April 26, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and continuing strong demand.

Reuters

Acquisitions & Divestitures

Gulfport Energy To Sell Interest In Strike Force Midstream

Gulfport Energy Corp.  (NASDAQ: GPOR) has entered into a definitive agreement for EQT Midstream Partners, LP (NYSE: EQM) to acquire Gulfport’s 25% equity interest in Strike Force Midstream LLC.

Construction

Kenya Picks Britain’s Wood Group For Oil Pipeline Design

Pipeline from north of country to Indian Ocean port is expected to cost $2 billion.

Reuters

Regulation

Chevron Evacuates Venezuela Executives Following Staff Arrests

U.S. oil major Chevron Corp. has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Reuters

Crude Oil

Hess’ Biggs: Bakken Key To US Production Growth

At DUG Rockies, Hess Corp.’s vice president of onshore, Barry Biggs, told the audience the Bakken is a key driver of U.S. production growth.

Hart Energy Staff

Crude Oil

Sinopec Plans To Extend Cuts In Saudi Crude Imports To June, July

Chinese refiner slashed May shipments by 40%, citing poor economics compared to other crude oil on the market.

Reuters

Crude Oil

Whiting Petroleum’s Brad Holly Kicks Off DUG Rockies, Touts Bakken's Advantages

Whiting Petroleum President and CEO Brad Holly kicked off DUG Rockies by counting four reasons the Bakken is attractive.

Hart Energy Staff

Crude Oil

Oil Hovers Near $74, US Bonds, Crude Supply Cast Shadow

Oil eased on April 25, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

Reuters

Pipelines

Phillips 66 Partners To Construct West Texas Crude Oil Pipeline System

Phillips 66 Partners said April 24 it has received sufficient binding commitments on an initial open season to proceed with construction of the Gray Oak Pipeline system.

Business Wire

Finance

Enbridge Shares Fall On Minnesota Pipeline Route Ruling

Shares of Canadian pipeline operator Enbridge Inc. dropped more than 4% on April 24 after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.

Reuters

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