Capacity concerns for oil and gas takeaway have spurred pipeline construction but Delaware Basin infrastructure deals with private-equity firms have already proven pricey.
Crude oil exports alone may increase to 4 MMbbl/d by 2022, according to recent remarks by Enterprise Products Partners LP, as the world demands more light sweet crude.
The $2.4 billion Phillips 66 dropdown appears to be a win-win.
Garry Banda, midstream analyst for Stratas Advisors, offers his assessment of what to expect in Oklahoma's emerging Scoop and Stack plays.
FTA verification is focused on the specific import entry that claimed FTA preferential treatment. Customs audits are generally broader.
CEO Jim Teague emphasized export markets during a talk to upstream executives.
Analysis from Haynes and Boone, Poten & Partners indicates positive signs for North American industry.
Delays make regional pipeline capacity insufficient in the near term, IHS Markit says.
The country’s exports have been propelled by a boom in oil and natural gas production.
Global giants ExxonMobil Corp. (NYSE: XOM) and France’s Total SA (NYSE: TOT) have reached broad agreement on plans to double gas exports from Papua New Guinea, their partner Oil Search Ltd. said on Feb. 20.
Anadarko Petroleum Corp. (NYSE: APC) said on Feb. 20 that Mozambique LNG1 Co. Pte. Ltd. has entered into a long-term LNG sale and purchase agreement with Électricité de France SA (EDF).
Energy Transfer executive describes new Rover pipeline that is ‘a bullet line over to the market.’
Pipeline has been repaired, but LNG has not been shipped since Feb. 5.
A move by Korea Gas Corp. (KOGAS) to seek arbitration over the terms of a LNG contract with Australian exporters could herald a shake-up of the region’s LNG market.
A subsidiary of Houston-based Tellurian is offering the non-binding open season to secure prospective shippers for the proposed Haynesville Global Access Pipeline with an estimated capacity to transport up to 2 Bcf/d of natural gas.
The Permian Basin is at the epicenter of the shale boom, offering midstream operators such as Medallion significant growth opportunities.
The BTC pipeline company operates the pipeline, which ships oil from Azerbaijan's major Azeri-Chirag-Guneshli oil fields to Turkey via Georgia.
The company’s U.S.-listed shares were up 4.2%t at $36 before the bell.
The NEB has approved just over half of the final route for the expansion.
A Canadian jury on Friday found three former rail workers not guilty of criminal negligence causing death in connection with a 2013 crude-by-rail derailment that killed 47 in the town of Lac Megantic in Quebec.
A Canadian judge on Jan. 16 told jurors to continue deliberations, despite their difficulty in reaching a verdict in the joint trial of three former rail employees in the 2013 Lac Megantic train derailment that killed 47 in Quebec, local media said.
Differential between Canadian oil and WTI widens to over $25.
Canadian crude-by-rail exports to the U.S. climbed to a six-month high of 137,000 barrels per day in October, data from the National Energy Board showed on Dec.29, the latest sign that tight pipeline capacity is pushing more oil onto railroads.
Rob Dutton, the head of Canadian operations for Devon, is optimistic about the oil sands outlook, despite the long wait for several pipeline projects to move forward.
Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.