Oil

Elevation Midstream has extended the open season for its DJ South Gathering crude pipeline, giving shippers until Jan. 15 to secure capacity on the planned system connecting Adams and Arapahoe Counties to key delivery points in Weld County. The project aims to boost crude gathering reliability across Colorado’s DJ Basin.

Permian drilling activity is falling as $60 oil forces operators to idle rigs, cut crews, and slow spending, raising concerns about future production growth.

China’s crude imports from Indonesia have jumped to record levels, far exceeding Indonesia’s actual exports—a shift traders say reflects rebranded Iranian barrels moved via ship-to-ship transfers off Malaysia amid tighter scrutiny. Analysts warn the rerouting could further distort global crude trade flows.

Natural gas production growth, stable contract structures and long-term LNG trends continue to reinforce midstream resilience heading into 2025, despite broader market volatility and crude-driven uncertainty.

The $500 million expansion will raise Enbridge’s U.S. working storage to 121 Bcf and deepen its connections to all operating Gulf Coast LNG export terminals.

Uganda’s petroleum regulator says the $5 billion East Africa Crude Oil Pipeline is now about 75% complete, with all pipe delivered along the 897-mile route to Tanzania’s Tanga port. The heated export line is critical for bringing TotalEnergies and CNOOC’s Albertine Basin oil developments online next year.

Bridger Pipeline will acquire 210 miles of Caliber Midstream crude oil and natural gas assets in North Dakota’s Williston Basin, expanding its gathering footprint and boosting Bakken takeaway capacity. The deal is expected to close in early 2026.

Peru is seeking to restart long-stalled Amazon oil production to supply its expanded Talara refinery, but persistent spills, Indigenous resistance, and uncertainty surrounding the North Peruvian Pipeline (ONP) threaten the country’s midstream future.

Kurdistan’s crude exports through the Iraq–Turkey pipeline continue to ramp up as international oil companies load their first cargoes at Turkey’s Ceyhan terminal, with Iraq planning 250,000 bpd in November shipments.

The U.S. Energy Department purchased 900,000 barrels of crude for nearly $56 million to help replenish the Strategic Petroleum Reserve, with deliveries from Trafigura and Energy Transfer scheduled for December and January at the Bryan Mound site in Texas.

Enbridge has approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding 250,000 bpd of capacity to move more Canadian heavy crude to U.S. Midwest and Gulf Coast refiners by 2027.

Nigeria’s Dangote Group will invest $1 billion in a petroleum pipeline project in Zimbabwe, part of the company’s broader plan to expand energy infrastructure across Africa, CEO Aliko Dangote said.

Trafigura and Oldelval inaugurated a new 6.8-mile (11-kilometer) crude oil pipeline linking Oldelval’s Allen–Puerto Rosales system to the Bahía Blanca refinery, expanding export capacity for Argentina’s Vaca Muerta basin.

Morrison has begun construction on a new Shell oil metering facility at Fourchon Junction in Louisiana, a key Gulf hub for offshore pipeline systems. The project will enhance oil transport capacity and regional infrastructure reliability.

Oil prices edged higher on Nov. 10 as tightening fuel supplies and refinery outages offset concerns about a looming crude surplus.