Midstream – Page 5 – Oil & Gas 360

FERC greenlights Tellurian’s $1.4 billion natural gas pipeline project in Louisiana

April 26, 2023

World Oil (WO) – Tellurian Inc. announced that the U.S. Federal Energy Regulatory Commission (FERC) issued the certificate on April 21, 2023 granting authorization for Driftwood Pipeline, LLC’s Line 200 and Line 300, an approximate $1.4 billion natural gas transmission project proposed to be located in Beauregard and Calcasieu Parishes, Louisiana. The pipelines will have the ability to supply up

Denmark invites Nord Stream operator to help salvage unidentified object

March 24, 2023

Nasdaq COPENHAGEN – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to deliver Russian gas to Germany have become another flashpoint in a standoff between the West

CERAWEEK-Keystone pipeline oil flows won’t change after US order to cut pressure, CEO says

March 10, 2023

Nasdaq HOUSTON – Oil flows on TC Energy’s TRP.TO Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive François Poirier told Reuters on Thursday. Keystone has already been operating within the requirements of the new order from the Pipeline and

Canadian Natural Resources’ Q4 profit down from year ago; extreme cold affects output

March 2, 2023

Yahoo Finance CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.36 per diluted share for the quarter ended Dec. 31, down from $2.53 billion or $2.14 per diluted share

Kazakh oil starts flowing to Germany via Russian pipeline network

February 27, 2023

Oil Price Crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany, Russian pipeline monopoly operator Transneft said on Monday. Kazakh crude oil began flowing to Germany via transit through Poland, Transneft’s representative Igor Demin told Russian news agency TASS. This weekend, Kazakhstan’s oil pipeline operator KazTransOil delivered 20,000 tons of Kazakhstani oil

Oil slips as dollar firms, Russia pipeline halt limits slide

February 27, 2023

BOE Report Oil prices edged lower on Monday as a stronger dollar discouraged buying though losses were limited by supply concerns after Russia halted exports to Poland via a key pipeline. West Texas Intermediate U.S. crude futures (WTI) traded at $75.88, down by 51 cents or 0.67%. Benchmark Brent crude futures were down 41 cents, or 0.50%, at $82.40 a

Judge grants motion by state of Michigan to appeal key decision in Line 5 dispute

February 23, 2023

BOE Report WASHINGTON – The U.S. judge presiding over Michigan’s bid to shut down the Line 5 pipeline has agreed to let the state appeal a key ruling even though the case remains unresolved. District Court Judge Janet Neff has granted a motion from Michigan Attorney General Dana Nessel, clearing the way for what’s known as an interlocutory appeal.

Enbridge books Q4 loss due to goodwill impairment charge

February 10, 2023

Oil Price Canada’s pipeline operator Enbridge (NYSE: ENB) reported on Friday a loss for the fourth quarter of 2022, compared to a profit for the same period of 2021, due to a non-cash goodwill impairment of US$1.86 billion (C$2.5 billion) in its gas transmission reporting unit. Enbridge, which moves large volumes of oil and gas in North America –including on

Iraq to discuss with U.S. how to pay Russian energy firms, Iraqi foreign minister says

February 6, 2023

US News BAGHDAD – Iraq will discuss with Washington this week how to pay dues owed to Russian oil companies despite sanctions, Foreign Minister Fuad Hussein said on Monday. “We will discuss this problem with the American side. There are sanctions in place that should not be imposed on the Iraqi side because the cooperation with Russian companies is

Equinor says sanctions prevented it helping on Nord Stream

February 1, 2023

BOE Report Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming. In September, several unexplained underwater explosions ruptured the Nord Stream 1 and Nord Stream 2 pipelines, each more than 1,200-km-long, that link Russia and Germany

The Nord Stream Pipeline could be repaired within a year

January 17, 2023

Oil Price The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s top gas customer before Moscow cut off supply via Nord Stream. “The first question that needs answering: what’s the

TC Energy has submitted restart plan for Keystone pipeline to U.S. regulator- source

December 20, 2022

BOE Report TC Energy Corp has submitted a restart plan for its Keystone pipeline to U.S. safety regulator Pipeline and Hazardous Materials Safety Administration (PHMSA) which is being reviewed, according to a source on Tuesday. The 622,000 barrels per day (bpd) pipeline was shut after it spilled 14,000 barrels of oil in rural Kansas, including into a creek. Bitumen tends to

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