North America

Kinder Morgan Permian Highway Still on Track as Profit Falls

U.S. pipeline operator Kinder Morgan told investors on Wednesday that its Permian Highway pipeline was still on track to begin service in 2021 even as quarterly profit fell 10% due to lower shipping volumes.

Federal Judge Denies Bid to Halt Work on Keystone XL

A federal judge has denied a request by Native American tribes to halt work on the Keystone XL oil pipeline.

Canada’s LNG Prospects: Real Need, Real Limits

A recent report from the Conference Board of Canada, funded by the Canadian LNG Alliance, suggests that the country could be exporting as much as 56 mtpa of LNG worth $8.36 billion (C$11 billion) by 2034.

U.S. Northeast: Taking a Fresh Look at an Old Region

PGJ explores how the Northeast region could play a big part in making sure the U.S. global energy dominance continues after the pandemic.

ConocoPhillips to Buy Concho Resources for $9.7 Billion

ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand.

Oryx Launches Binding Open Season on Proposed New Gathering System

Oryx Midstream has launched a binding open season to solicit shipper interest in a proposed new gathering system to transport crude from Eddy County, New Mexico to an interconnect with the Trans Permian Pipeline System.

Trans Mountain Agrees to Reroute Pipeline Around Indigenous Area

After years of litigation, Trans Mountain has agreed to reroute a portion of its expansion project around an indigenous area, according to a filing with Canadian energy regulators.

Morgan Stanley Sees Potential for $5 Natural Gas

A record decline in natural gas production and rebounding demand could create the tightest market in a decade and set the stage for Henry Hub prices up to $5/MMbtu with cold weather, according to a new Morgan Stanley forecast.

Trump Issues Permit for Alaska to Alberta Oil Railway

President Trump has issued a presidential permit for a proposed railway project that would transport crude oil from Canadian oil sands in Alberta to export facilities in Alaska.

U.S. Pipeline Companies Hit by Weak Demand Offer Enticements to Keep Shippers

U.S. pipeline companies hit hard by the drop in global demand for oil due to the coronavirus pandemic are offering new shipping terms to producers to keep using their pipelines.

Trump Backs Canada-Alaska Rail to Free Landlocked Oil, but Project Faces High Hurdles

President Donald Trump wrote on Twitter over the weekend he would issue a permit for a railway project from Canada's oil sands to ports in Alaska.

Opposition Team Criticizes Enbridge Plans for Line 5 Tunnel

Experts who reviewed project documents on behalf of opposition groups said Enbridge's plans for drilling an oil pipeline tunnel beneath a channel linking two of the Great Lakes do not meet industry standards.

Devon Energy to Buy Shale Peer WPX for $2.56 Billion in Delaware Push

U.S. oil and gas producer Devon Energy Corp said on Monday it will buy Permian basin peer WPX Energy Inc for $2.56 billion as it looks to scale up its presence in the Delaware portion of the prolific shale field.

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.

Atlantic Bridge Gas Compressor Station gets U.S. Approval

U.S. regulators have given Enbridge final approval to put its Weymouth natural gas compressor station in service.

Max Midstream Acquires Seahawk Pipeline and Terminal with Plans to Expand

Max Midstream acquired the Seahawk Pipeline and Terminal at the Port of Calhoun in Texas with ambitious plans for a new pipeline to deliver Eagle Ford and Permian crude to an expanded port.

Ingleside Pipeline Begins Shipping to Moda's Ingleside Energy Center

Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream.

Energy Execs Think U.S. Oil Production Has Peaked - Fed Survey

Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday.

Mountain Valley Seeks U.S. Approval to Resume Pipeline Construction

Mountain Valley Pipeline asked federal regulators for permission to resume construction on the $5.4-$5.7 billion pipeline from West Virginia to Virginia by Sept. 25.

U.S. Crude Oil Exports Continue Monthly Decline Since February Record High

U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, but still outpaced 2019 volumes through midyear.

U.S. Charges Former Manager of European Oil Firm over Graft in Ecuador

The U.S. Justice Department has charged a former manager of a European oil trading firm with paying bribes of $870,000 to help win a contract from Ecuador's state-run oil firm.

EQT Bids for Chevron U.S. Shale, Pipeline Assets in Appalachia — Sources

According to sources, EQT Corp, the largest LNG producer in the U.S. by volume, has placed a bid on Chevron's natural gas assets in Appalachia, including pipelines.

Pennsylvania Orders Sunoco to Reroute Section of Mariner East 2 Pipeline

Environmental regulators in Pennsylvania have ordered Sunoco Pipeline, a unit of Energy Transfer, to reroute a section of the company's Mariner East 2 natural gas liquids (NGL) pipeline.

Enterprise Abandons Texas Pipeline Project as Oil Prices Remain Weak

Enterprise Products announced on Wednesday it is canceling its $1.1 billion Midland-Houston oil pipeline due to the collapse in oil prices from the coronavirus pandemic.

Canada Lays Claim as Largest Source Of US Energy Imports

Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States.

Permian Enters Uncharted Waters in Better Shape than Most Regions

With the Coronavirus crisis and its effect on upstream operations putting a damper on all segments of the midstream sector, some major projects in the Permian Basin appear to be moving forward, albeit at a slower and far more cautious pace.

Police Investigating Bomb Hoax at Texas Pipeline Construction Site

State and federal law enforcement officials are investigating a device made to look like a bomb that was placed near a construction site for Kinder Morgan's Permian Highway Pipeline in Texas.

Imperial Shuts Kearl Oil Sands Operations After Pipeline Outage

Imperial Oil announced on Wednesday it has shut production at its Kearl oil sands production site in Canada due to an outage on a third-party pipeline.

Energy Transfer Announces Completion of Lone Star Express Pipeline Expansion Project

Energy Transfer has completed the expansion of its Lone Star Express natural gas liquids pipeline.

U.S. Army Corps Asks Appeals Court to Reverse Dakota Access Ruling

The U.S. Army Corps of Engineers has asked a court of appeals to reverse a ruling against the Dakota Access pipeline which invalidated an environmental permit that allowed the pipeline to operate on U.S. land.