Oil
Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
California Governor Gavin Newsom has called for closer cooperation with oil refiners to secure reliable fuel supplies amid refinery shutdowns and rising pump prices, citing long-term planning needs during the state’s energy transition.
Falling Oil Prices, Limited Shale Acreage to Threaten 2025 Dealmaking, Report Says
Analysts forecast a challenging 2025 for U.S. oil and gas M&A, as weak oil prices and limited shale acreage constrain dealmaking. Despite a strong Q1, they see high asset prices clashing with buyer caution.
FERC’s Willie Phillips Exits Early, Opening Door for Trump to Shift Commission Balance
Democratic FERC Commissioner Willie Phillips steps down early, reportedly after a request from the Trump administration, creating an opportunity for Republicans to gain a majority on the powerful energy regulatory body.
Phillips 66 Challenges Elliott Over Citgo Conflict in Boardroom Battle
Phillips 66 is accusing activist investor Elliott of a conflict of interest tied to Citgo as a shareholder battle over board seats and the company’s future strategy escalates.
Environmental Groups Brace for Legal Fight Over Trump’s Energy Rollbacks
Environmental groups are ramping up legal teams in anticipation of challenging President Trump’s sweeping energy deregulation orders, which bypass public input and aim to sunset federal rules.
Black Sea Gas Ramps Up as Turkey Targets Regional Oil, Gas Partnerships
Turkey's Sakarya gas field has reached 9.5 million cubic meters per day, fueling Ankara’s regional energy ambitions. The country is pursuing exploration partnerships in Bulgaria, Somalia, Iraq, and the Caspian Sea as part of efforts to cut imports and boost supply security.
Forum Reports Early Success in Tackling Subsea Challenges
An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of aging offshore infrastructure through cross-industry collaboration.
India Considers Dropping Tariffs on U.S. Ethane, LPG in Trade Talks
India is considering removing import duties on U.S. ethane and LPG as part of ongoing trade talks with Washington aimed at reducing its trade surplus and tariff burden, sources say.
Santos Eyes Early Start for Alaska Oil Project as Revenue Slips
Santos said its Pikka Phase 1 oil project in Alaska could begin production earlier than expected, despite a 7% drop in first-quarter revenue due to weaker crude sales and LNG prices. Analysts welcomed the potential early output.
Dozens Exit U.S. EIA, Threatening Release of Critical Energy Data, Sources Say
A wave of resignations at the U.S. Energy Information Administration is raising concerns about the future of key energy reports used by traders and industry leaders worldwide. Sources say dozens of employees have departed or accepted buyouts.
Army Corps Grants Emergency Status for Enbridge Line 5 Tunnel, Fast-Tracking Pipeline Permit
The U.S. Army Corps of Engineers has granted emergency status to Enbridge’s Line 5 tunnel project, expediting a key federal permit under President Trump’s energy emergency order. The move could accelerate pipeline construction beneath the Great Lakes.
Pakistan Considers Buying U.S. Oil to Ease Trade Pressure
Pakistan is considering importing U.S. crude oil for the first time as part of a strategy to reduce trade imbalances and ease tariff pressure from the United States, according to sources familiar with the proposal.
Iraq Approves Subsea Oil Pipeline Deal to Expand Export Capacity
Iraq has signed a deal with Italian contractor Micoperi and Turkey's Esta to build a 2.4 million barrels-per-day subsea oil export pipeline linking to its southern ports, aiming to boost offshore export capacity.
Chinese Oil Storage Site Sanctioned by U.S. for Ties to Iran Crude Pipeline
The U.S. sanctioned a Chinese oil terminal connected to an undersea pipeline carrying Iranian crude, days before nuclear talks with Tehran. The move targets midstream infrastructure linked to Iran’s sanctioned oil trade.
South Bow to Resume Keystone Pipeline at Reduced Pressure Following Spill
South Bow plans to restart the Keystone pipeline by Tuesday following a 3,500-barrel oil spill in North Dakota. The restart remains subject to U.S. safety regulator approval and will operate under reduced pressure as part of federal and Canadian corrective action orders.
U.S. Energy Secretary Says Iran’s Oil Exports Can Be Stopped Under Trump Plan
U.S. Energy Secretary Chris Wright said the U.S. could stop Iran’s oil exports under President Trump’s renewed pressure campaign, citing the ability to track and block shipments as part of a broader strategy to prevent a nuclear-armed Iran.
PDVSA Suspends Oil Loading Approvals for Chevron, Disrupting Exports, Sources Say
Venezuela's state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday.
Control Rooms Crucial to Pipeline Compliance Operations
In 2007, the Pipeline Hazardous Materials Safety Administration (PHMSA) released a Notice of Preliminary Rule Making (NPRM), known as the Control Room Management (CRM) rule. Since the CRM rule went into full effect in 2012, pipeline operators have seen significant transformation in the control room operation.
Venezuela Declares Economic Emergency as U.S. Crude, Gas Export Sanctions Hit
Venezuela's national assembly on Thursday passed a decree proposed by President Nicolas Maduro's government to declare a state of economic emergency in response to U.S. sanctions and tariffs.
Keystone Oil Pipeline Remains Shut After North Dakota Spill
The Keystone oil pipeline remains shut following a spill near Fort Ransom, North Dakota, with operator South Bow assessing return-to-service plans. The shutdown has raised concerns over crude supply disruptions to U.S. refineries.
Analysis: U.S. Refiners Unlikely to Spend Big to Process More Domestic Oil
U.S. refiners are holding off on costly upgrades needed to process more domestic light crude, citing long timelines, high costs, and regulatory uncertainty—posing a challenge to U.S. energy expansion plans.
Caspian Pipeline Resumes Partial Kazakh Oil Loadings After Russian Court Ruling
The Caspian Pipeline Consortium resumed loading oil at one of two previously shut Black Sea's moorings, it said on Wednesday, after a court lifted restrictions placed on the Western-backed group's facility by a Russian transport regulator.
Why Czechia Won’t Quit Russian Oil Despite Infrastructure Alternatives
Czechia has the infrastructure, reserves, and access to alternative suppliers to eliminate its Russian oil imports. Yet, three years into Russia’s full-scale invasion of Ukraine, the Czech Republic continues to delay this strategic shift, despite the availability of viable alternatives.
India, UAE to Build Sri Lanka Energy Hub with Pipeline, Storage Infrastructure
The energy hub in the strategically important city of Trincomalee, a natural harbor in the Sri Lanka's east, will involve construction of a multi-product pipeline and may include using a World War Two tank farm partly held by the Sri Lankan subsidiary of Indian Oil Corp.
Kazakh-Russian CPC Oil Exports via Black Sea Trimmed for April
Black Sea CPC Blend oil exports for April were revised down to 1.6 million barrels per day, or 6.2 million metric tons, from 1.7 million bpd in the preliminary plan, two sources said on Monday.
Oil Prices Slide 2% to Nearly 4-Year Low as U.S. Trade Conflict Fuels Recession Fears
Oil prices slid 2% to a nearly four-year low on Monday on worries U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and reduce global demand for energy.
Oil Sinks 8% on China Tariffs, Recession Fears Mount
Oil prices plunged nearly 8% as China announced sweeping tariffs on U.S. goods, fueling global recession fears and rattling energy markets. Brent and WTI hit four-year lows amid escalating trade tensions and OPEC+ supply moves.
Argentina Opens $1.4 Billion, 326-Mile Pipeline to Double Oil Export Capacity
Argentina has inaugurated a $1.4 billion, 326-mile oil pipeline from the Neuquen Basin to Puerto Rosales, doubling crude transport capacity to 540,000 bpd and boosting exports by up to $8 billion annually.
Brookfield to Acquire Colonial Pipeline in $9 Billion Deal Including Debt
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.
Permian Oil Growth Slows as U.S. Shale Hits Geological Limits
U.S. shale producers face rising costs and geological constraints in the Permian Basin, where aging wells yield more water and gas, signaling a potential peak in oil output.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
