Transport - News

Gathering-Processing

Norway Postpones Decision On Arctic Oil Terminal

The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Dec. 14.

Reuters

Construction

Mountain Valley Pipeline Project 70% Complete By Year-End

The project targets full in-service for 2019 and reiterates its $4.6 billion cost estimate.

LNG

Poland's PGNiG Receives Spot U.S. LNG Delivery

Polish gas company PGNiG is set to receive a spot cargo of U.S. LNG on Dec. 13 as part of plans to reduce its reliance on Russian imports and to become a bigger player in the LNG market.

Reuters

Acquisitions & Divestitures

Total Sells 4% Of Ichthys LNG Project For $1.6 Billion

Total remains committed to the Australian Ichthys LNG project and the French company would be holding on to its remaining 26% stake in Ichthys, says a company exec.

Reuters

Crude Oil

Oil Traders Eye Cushing Builds As Sunrise Startup Shifts Flows

Builds from the early startup of the Sunrise pipeline are expected to continue into 2019.

Reuters

Construction

USD Partners Contract Will Support New Pipeline Connection, More Storage Capacity At Casper Terminal

Three-year deal will support construction of an outbound connection to the Express Pipeline and a tank to facilitate blending.

Crude Oil

Cavalcade Midstream Makes $150 Million Partnership With Pearl, Old Ironsides, NGP

San Antonio-based newcomer is focusing on projects in the Permian Basin.

Crude Oil

OPEC Needs To Cut Output By 700,000 bbl/d More For Brent To Hit $70

Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.

Reuters

Pipelines

Pennsylvania Judge Rejects Shutting Energy Transfer's Mariner East Pipelines

A Pennsylvania administrative law judge on Dec. 11 denied a petition by state residents asking utility regulators to prohibit the operation of Energy Transfer LP and its Sunoco subsidiary’s Mariner East pipelines.

Reuters

Crude Oil

OPEC Offsets Iran Oil Loss, Sees Lower 2019 Demand

OPEC said on Dec. 12 it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week's decision to trim output.

Reuters

Pipelines

Enbridge Reaffirms 10% Annual Growth Guidance Through 2020

Company also announces a 10% dividend increase for 2019.

Construction

US Diplomat: Russia Gas Pipeline To Boost Grip On Ukraine, Europe

Transit revenues would evaporate when Nord Stream 2 goes online, says Francis Fannon.

Reuters

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