Midstream News

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Oil Bidding War Underway Among Asian Refiners
Tuesday, November 17, 2020Buying interest across Asia for crudes from Russia, the US and the Middle East has been strong.

China Hikes Oil Import Quota
Monday, November 02, 2020A sharp drop in oil prices may be about to get some relief from China.

Foes of $3.8B Pipeline Seek Payback If Biden Wins
Friday, October 30, 2020A Biden administration could make an example of an oil pipeline project that has been in the crosshairs of climate activists, celebrities and Native Americans.

ExxonMobil Eyes Vietnam LNG Project
Thursday, October 29, 2020Hai Phong, Vietnam may become home to an integrated LNG-to-power project.

Pipeline CEO Sees Signal for Higher Oil Prices
Wednesday, October 28, 2020The recovery in demand coupled with US shale retrenchment could lead to higher oil prices as soon as in the second half of 2021, according to a top US pipeline exec.

Biden Says Renewables Need to Replace Oil Industry
Friday, October 23, 2020Two Democrats in toss-up races distanced themselves from Biden's comments.

Proposal Would Make Oil Traders Liable for Human Rights Lapses
Friday, October 23, 2020Switzerland's commodity traders are crying foul over a widely supported proposal that would make them liable for lapses on human rights and environmental standards abroad.

Fluor Unit Wins Peru Pipeline Contract
Wednesday, October 21, 2020Fluor's Stork subsidiary will provide pipeline maintenance services under a consortium. PHOTO SOURCE: BusinessWire

Texas Study Links More Than 238,000 Jobs to Pipelines
Wednesday, October 21, 2020A new study finds ongoing operations and construction in Texas' pipeline industry provided nearly $49 billion in economic impact last year.

Shell Pipeline Contract Goes to Danos
Friday, October 16, 2020A Danos employee performs onshore instrumentation and electrical work. PHOTO SOURCE: Danos

Gassco and ABB Award Contracts for Simulator
Friday, October 09, 2020BPT will deliver a simulator for a gas receiving terminal in the port of Zeebrugge, Belgium.

$7.6B Fine Raises New Legal Questions for Gazprom
Friday, October 09, 2020Poland's antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline.

Centurion Sets Service Date for Permian Pipeline
Wednesday, October 07, 2020The oil pipeline will run from Midland to Crane, Texas.

$11B Gazprom Pipeline Project Faces Nearly $8B Fine
Wednesday, October 07, 2020Nord Stream 2 will feed gas from Siberia into the continental European grid.

Texas Oil Pipeline Operators Slash Fees As Demand Plunges
Tuesday, October 06, 2020US oil pipeline operators are slashing fees to encourage customers in Texas to keep using their networks to ship barrels to the Gulf Coast.

$1.5B TC Energy Deal Would Mark MLP Retreat
Monday, October 05, 2020TC Energy Corp. offered to buy all the shares of TC PipeLines LP it doesn't already own for about $1.48 billion.

Oklahoma Oil Hub Bucks National Trend
Friday, October 02, 2020Check out this review of oil market hits and misses for the week ending Oct. 2, 2020.

Former PDVSA Trader Charged in US Graft Crackdown
Thursday, September 24, 2020A former PDVSA trader was charged with receiving bribes as part of an expansive investigation into traders paying for access to South American oil markets.

Libya NOC to Reopen Third Oil Port
Wednesday, September 23, 2020Libya's state oil company reopened another port, the third to resume operation in less than a week, as a political truce takes hold.

Trading Exec Conveys Ominous Forecast for OPEC+
Wednesday, September 23, 2020"We do not need the extra oil," said the head of commodities trader Mercuria Energy Group.

Europe Winter Model Suggests Potential Rise in Gas Demand
Tuesday, September 22, 2020December could usher in cooler temperatures across Europe, bucking a recent winter warming trend.

Iranian Tanker Loads Venezuelan Crude
Tuesday, September 22, 2020After defying US sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude.

ADNOC Awards $245MM in Contracts
Thursday, September 10, 2020ADNOC Onshore has awarded two EPC contracts. PHOTO SOURCE: ADNOC

China Set to Boost Crude Reserves
Thursday, September 10, 2020China's next five-year plan beginning in 2021 will call for increases to its mammoth state reserves of crude, strategic metals and farm goods, said officials familiar with the discussions.

Trafigura Envisions East Africa Supply Hub
Wednesday, September 09, 2020Trafigura Group Pte Ltd reported Monday that it plans to transform a Somaliland oil terminal into a regional supply hub.

Calif. Gas Power Retirements Evident in Heat Wave
Monday, August 17, 2020More than 7 gigawatts of gas generation, enough to power 5.3 million homes, has been retired over the past five years.

Oil Trading Profits Surge for Some Majors
Friday, July 24, 2020The key to the contango play is access to a place to park millions of barrels of crude, perhaps for as long as a year.

New Mexico Proposes 98% Gas Capture
Tuesday, July 21, 2020New Mexico's government on Monday unveiled a draft rule in conjunction with the state's first comprehensive methane regulations.

Bakken Pipeline Closure Signals Shale's Woes
Monday, July 20, 2020If the shutdown of both pipelines proceeds, it would force Bakken drillers to turn to more expensive options to ship their oil -- or shut in production altogether.

Permian Crude Loads at New Coastal Terminal
Friday, July 17, 2020This photo shows crude being loaded onto a tanker at South Texas Gateway. PHOTO SOURCE: Buckeye Partners, L.P.

Empire Acquires Louisiana Terminal from Equilon
Monday, June 29, 2020Empire Pipeline LLC has acquired a crude oil terminal in Gibson, La., from Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Shell Oil Co.

Russia Urals Exports Set to Fall Sharply
Friday, June 26, 2020Russia's exports of its flagship Urals crude oil grade are set to plunge next month.

Oil and Gas Blockchain Group Claims Milestone
Monday, June 08, 2020The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.

Energy Spectrum Closes $969MM Midstream Fund
Monday, May 11, 2020The firm plans to take advantage of midstream opportunities amid significant price dislocations in the current market.

May Starts with Contract Wins in Africa and Asia
Friday, May 08, 2020Here are some of the most popular downstream-related articles on Rigzone this past week.

Hennigan Succeeds Heminger at Marathon Petroleum
Thursday, March 19, 2020The appointment is effective immediately.

Texas Pipeline Group Keeps DCP Exec as Chair
Monday, January 13, 2020DCP Midstream President Don Baldridge has been reelected chairman of the Texas Pipeline Association, the trade group reported Monday.

Exxon, Outrigger Ink Midstream Deal to Serve Bakken
Wednesday, January 08, 2020Exxon subsidiary XTO Energy has entered into a long-term gas gathering and processing agreement with Outrigger Energy under which Outrigger will build a cryogenic processing plant and gathering system in the Williston Basin.

Mexico Plan to Divert Gas Pipeline Reignites Concerns
Tuesday, January 07, 2020Mexico's move to divert a TC Energy Corp. gas pipeline from indigenous lands is reigniting concerns over the future of energy projects in the country.

Noble Midstream Names New President and COO
Tuesday, January 07, 2020Noble Midstream Partners LP has appointed Robin Fielder as president and COO of Noble Midstream and senior vice president, midstream, of Noble Energy, Inc.

Bankrupt Alta Mesa Gets $310MM Bid
Monday, January 06, 2020JV BCE-Mach III LLC offered up a stalking horse bid for the embattled energy company and its midstream affiliate.

Oxy to Cut $7.8B Debt With Pipeline Split
Monday, January 06, 2020Occidental plans to make the pipeline business it acquired as part of last year's takeover of Anadarko a stand-alone company, removing about $7.8 billion of debt from its balance sheet.

Leaders Sign EastMed Pipe Deal
Thursday, January 02, 2020Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline.

TC Energy to Sell Majority Stake in Coastal GasLink Pipeline
Thursday, December 26, 2019TC Energy Corporation has agreed to sell 65 percent equity interest in the Coastal GasLink Pipeline Project to private equity group KKR & Co. Inc. and Alberta Investment Management Corporation.

Basic Energy Exits Pressure Pumping Business
Thursday, December 12, 2019The company's pumping business lines remain in a structurally disadvantaged position, as they are its most capital-intensive businesses.

Oil Tankers Idling Off China Possess Key to Shipping Rates
Thursday, December 05, 2019The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.

NuStar Introduces Open Season for Permian Pipeline Expansion
Thursday, November 21, 2019NuStar Energy L.P. has kicked off its binding open season for expansion of its Midland Trunkline within its Permian crude system.

Next Wave to Build Alkylate Production Facility in Texas
Wednesday, November 20, 2019Next Wave Energy Partners, LP has made a positive final investment decision to build a new alkylate production facility in Pasadena, Texas.

Tallgrass Energy Kicks Off Open Season
Wednesday, November 20, 2019Pony Express plans to build 25 miles of new 12-inch pipeline from the Hereford origin to the new origin point in Wyoming.

Whistler Pipeline Launches Open Season in the Permian
Monday, November 18, 2019The pipeline will have transportation capacity of 2 billion cubic feet per day.