Oil
Drone Strike Hits Russian Pipeline Pumping Station, Slowing Chevron, Exxon Exports
A drone strike has hit a pumping station on an oil pipeline in Russia, reducing flows from Kazakhstan to world markets pumped by Western firms including Chevron and Exxon Mobil, its operator said on Monday.
Tallgrass, Bridger Announce Open Season for Pony Express Pipeline
Tallgrass Pony Express Pipeline, LLC. (Pony Express) together with Bridger Pipeline, LLC (Bridger), have announced a new binding joint tariff open season for incentive tariff rates, utilizing existing Pony Express capacity, for shipper commitments for crude oil transportation from Bridger's Guernsey Hub.
U.S. Gulf Coast Refiners Pay Premium for Trinidad's Heavy Sour Molo Crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent crude benchmark for Trinidad and Tobago's Molo heavy sour crude, the CEO of the country's state-owned oil company, Heritage Petroleum, said on Tuesday.
Chevron Plans to Cut 15% to 20% of Global Workforce by 2026
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
QS Energy Nears Commercial Deployment of AOT Technology for Crude Pipelines
QS Energy Inc. is nearing a breakthrough in global energy transport. The company is in final talks for multi-year lease agreements that would deploy its Applied Oil Technology (AOT) in key regions, including Southeast Asia, the Pacific, and West Africa.
Iraq Approves Compensation Plan to Resolve Kurdistan Oil Dispute
Iraq’s parliament on Sunday approved a budget amendment to subsidize production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking northern oil exports, lawmakers said.
Oil Falls as U.S. Crude Inventories Swell, Traders Worry About China-U.S. Trade Tensions
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, while worries about a new China-U.S. trade war fueled fears of softer economic growth.
Canada's Trans Mountain Expects More Interest in Pipeline System if U.S. Implements Tariffs
Canadian pipeline operator Trans Mountain said it expects to see increased interest to ship on its system if the United States slaps tariffs on Canadian oil imports in a month.
Senators Float Resolution to Overturn Biden Methane Fee Rule
U.S. Senate Republicans on Tuesday introduced a resolution to overturn the Biden administration's proposed fee on methane emissions, one of the previous Environmental Protection Agency's final measures to force big oil and gas producers to slash emissions of the powerful greenhouse gas.
Russia's February Oil Exports Revised Up 19% Amid Refinery Cuts
Pipeline operator Transneft has revised upwards plans for crude oil exports from Russia's western ports in February by 300,000 barrels per day (bbl/d) because of lower output from refiners, traders said and Reuters calculations showed.
China Hits Back at Trump with Tariffs on U.S. Crude Oil and LNG Imports
The trade in crude oil and liquefied natural gas between the United States and China is effectively dead after Beijing responded to President Donald Trump's tariffs with measures of its own.
Enterprise’s Big U.S. Oil Export Project Stalls on Lack of Buyers
Enterprise’s SPOT crude export project off Texas has stalled due to a lack of customer interest, with CEO Jim Teague citing regulatory delays and shifting oil flows. The company may shelve the project if demand doesn’t materialize.
Senate Confirms Chris Wright as Trump’s Energy Secretary
The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump's energy secretary.
India Allocates $647 Million for Strategic Oil Reserve Purchases
India will provide 55.97 billion rupees ($646.78 million) support for purchase of oil for the country's strategic petroleum reserves (SPRs), the budget document showed on Saturday.
Nigeria to Block Oil Exports for Producers Who Fail to Meet Refinery Quotas
Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa's largest.
Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
President Donald Trump’s recent executive order has revived discussions about the 1,200-mile Keystone XL pipeline, a long-debated oil project that has faced political and environmental scrutiny.
Global News February 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Changes Underfoot in the Appalachian Basin
Local and regional leaders in the oil and natural gas industry continue to see great potential for growth in the Marcellus Shale and Utica Shale formations of the Appalachian Basin.
Ex-IEA Oil Chief Urges Agency to Prioritize Oil, Gas Over Renewables
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
Enterprise, ONEOK Extend Fee Waiver for Midland WTI Transfers Through 2028
Enterprise Products Partners and ONEOK Inc. have extended their fee waiver for crude oil transfers between the Enterprise Crude Houston (ECHO) and ONEOK East Houston (MEH) terminals through Dec. 31, 2028.
Diversified Energy Strikes $1.3 Billion Deal for Maverick in Permian Basin Expansion
U.S.-based Diversified Energy said on Monday it will buy private equity-owned Maverick Natural Resources for $1.28 billion, including debt, to expand into the oil and gas-rich Permian Basin, sending its shares up 4.3%.
Revisiting the Biggest Midstream Stories of 2024
(P&GJ) – In this final issue of P&GJ for 2024, the staff – with more than a little help from our readers – takes a look back at the sometimes-frenzied year for pipeline construction that was 2024.
Oil Prices Drop as Trump's Energy Emergency Sparks Doubts Over SPR Refill Plans
Oil prices fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, raising concerns of higher U.S. output in a market widely expected to be oversupplied this year.
Texas Ports Suspend Operations as Winter Storm Hits Gulf Coast
Port Freeport on Tuesday said it expects limited vessel activity due to cold weather conditions in the Texas Gulf Coast area amid winter storm Enzo.
Aramco CEO Projects 1.3 Million bbl/d Oil Demand Growth in 2025
Saudi oil giant Aramco's CEO Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year.
Trump Administration Must State Its Position on Climate and Energy
In a speech to announce the U.S.’s Fifth Climate Assessment on Nov. 14, 2023—a report that was compiled by more than 700 climate scientists and thousands of contributors— President Joe Biden stated that the greatest existential threat to the U.S. and humanity is the “climate crisis.”
Report: Trump to Declare 'National Energy Emergency'
President-elect Donald Trump said on Monday he will declare a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers.
Cold Weather Shuts Down 12% of North Dakota Oil Output
North Dakota's oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state's pipeline authority said on Monday.
API and States Sue to Reverse Offshore Oil, Gas Leasing Ban
The American Petroleum Institute has joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters.
Trump Interior Nominee Advocates Aggressive Drilling on Federal Lands
Donald Trump's pick for secretary of the interior, Doug Burgum, said on Thursday he will vigorously pursue the president-elect's goals of maximizing energy production from U.S. public lands and waters, calling it key to national security.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
- Consumers Energy Begins 135-Mile Michigan Gas Pipeline Upgrade, Taps 600 Workers
