News

Crude Oil

Two Key Canada-To-US Oil Pipelines Hit By Disruptions

Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.

Reuters

Crude Oil

Trump Urges Producers To Keep Oil Flowing Ahead Of OPEC Meeting

U.S. President Donald Trump on Dec. 5 called on OPEC and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.

Reuters

Regulation

Energy Secretary Perry To Visit Saudi Arabia, Qatar

U.S. Energy Secretary Rick Perry said on Dec. 4 he would soon visit Qatar and Saudi Arabia, a trip expected to occur after this week’s meeting of OPEC.

Reuters

Acquisitions & Divestitures

Enbridge Adds Dry Powder With Sale Of Enbridge Gas New Brunswick

Enbridge agreed to sell its Enbridge Gas New Brunswick business, which analysts said will add dry powder to the Calgary, Alberta-based company’s balance sheet.

Emily Patsy

LNG

LNG Buyers Try To Ditch US Gas Commitments

Portfolio adjustments, not a backlash against U.S. gas, are the motivation.

Reuters

Crude Oil

Some Canadian Producers Push Back As Alberta Orders Oil Cuts

Several oil companies in Canada pushed back on Dec. 3 against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan.

Reuters

Construction

Vessel Arrives At Cheniere Texas Corpus Christi LNG Export Plant

Second vessel to visit Corpus could be the first to load an LNG cargo there.

Reuters

Crude Oil

Bakken Crude Strengthens As Canada Seeks Output Cut

Bakken crude differentials firmed on Dec. 3 to the strongest level in a month, moving alongside rising Canadian prices after Alberta officials mandated oil-production cuts over the weekend, traders said.

Reuters

LNG

Equinor Plans To Begin Talks With Tanzania About LNG Project

Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, said Equinor, a majority state-owned energy company formerly known as Statoil.

Reuters

Pipelines

Canada’s Frontera Stops Production After Attack On Peru Oil Pipeline

Canadian oil company Frontera Energy said on Dec. 3 it had stopped production at Peru’s largest oil field after a Peruvian-owned pipeline was severed last week by indigenous protesters.

Reuters

Crude Oil

OPEC Works Toward Production Cuts; Still Needs Russia On Board

OPEC and its allies are working towards a deal this week to reduce oil output, sources say, adding that Russia's resistance to a major cut was so far the main stumbling block.

Reuters

Acquisitions & Divestitures

Equitrans Midstream Plans To Simplify Structure, Eliminate IDRs

The Equitrans Midstream simplification transactions, which follow a recent wave of MLP consolidation, are expected to address the company’s IDR overhang, says CEO.

Emily Patsy

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