Tag Archives: crude oil

Could the Keystone XL pipeline help lower gas prices in the United States?

The punitive economic sanctions imposed by the West on Russia for its invasion of Ukraine have shaken global energy markets, with US ban on importing Russian oil further driving up gas prices for Americans. Now GOP leaders are blaming soaring fuel prices in part on a decision by President Biden …

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$3.19 billion in sales expected for The Williams Companies, Inc. (NYSE:WMB) this quarter

Wall Street brokers expect The Williams Companies, Inc. (NYSE:WMB – Get a rating) will announce sales of $3.19 billion for the current quarter, Zacks reports. Two analysts released earnings estimates for the Williams Companies, with the highest sales estimate of $3.37 billion and the lowest estimate of $3.00 billion. Williams …

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Alberta oil may be solution to US energy supply crisis – minister

Hon. Sonya Savage, Minister of Energy, Government of Alberta, speaks during the expansion of the Canadian government-owned Trans Mountain pipeline, which has moved to a new stage of construction, in Acheson, Alberta, Canada on December 3, 2019. REUTERS/Candace Elliott/Files Join now for FREE unlimited access to Reuters.com Register HOUSTON, March …

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PetroChina Company Limited – Consensus Indicates Upside Potential of 23.7%

PetroChina Company Limited with ticker code (PTR) now have 3 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 84 and 52, with the average target price standing at 66.4. Together with the stock’s previous close at 53.67, this indicates that there is upside …

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Weather-related port closures and shutdown of Sharara pipeline hamper Libyan oil supply

Libya’s crude oil production is set to plummet as operations at its biggest Sharara oil field were halted after an unknown armed group closed a pipeline valve, sources familiar with the matter said. the 3 of March. It comes on the same day that exports of Libyan crude from six …

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Slovakia has enough oil and natural gas, for now

The first tanker carrying liquefied gas for Slovakia will arrive in March. Font size:A–|A+ Comments disabled Slovakia has enough oil and natural gas because the supply of these raw materials from Russia continues without any interruption, said Economy Minister Richard Sulík after the meeting of his ministry’s crisis unit Friday …

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Williams Companies (NYSE:WMB) PT raised to $34.00

Williams Companies (NYSE: WMB) saw its price target raised by analysts to Barclays from $33.00 to $34.00 in a research note published Wednesday, Fly reports. BarclaysThe company’s price target indicates a potential upside of 15.22% from the company’s previous close. WMB has been the subject of several other research reports. …

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Second break found in oil pipeline as SPRC seeks permission to carry out repairs

The Star Petroleum Refining Company (SPRC) has sent an urgent notice to the office of the Thai Department of the Navy in Rayong province, requesting permission to access an offshore berthing platform to repair the undersea pipeline. flexible sailor after the discovery of a second rupture. The company said oil …

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Onshore Oil and Gas Pipeline Market Size, Scope, Growth, Competitive Analysis – EVRAZ, Baoji Petroleum Steel Pipe, JFE, Jindal SAW Ltd

New Jersey, United States,- the Onshore oil and gas pipelines market The report covers the entire global market scenario including key players, their future promotions, preferred vendors, market shares along with historical data and price analysis. It continues to offer key details on changing dynamics to generate market improving factors. …

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Tanzania pays $80m for stake in EA oil deal

By Alex Nelson Malanga Dar es Salaam. Tanzania has already disbursed some $80 million (about 184 billion shillings) as part of its commitment to fund the East African Crude Oil Pipeline (EACOP), The Citizen has learned.The managing director of the Tanzania Petroleum Development Corporation (TPDC), Mr. James Mataragio, said the …

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Removing support for the EastMed gas pipeline: a strategic decision

The Libyan energy sector remains divided between two authorities, the National Oil Corporation (NOC) and the Petroleum Facilities Guard, and three governments, namely the House of Representatives in Tobruk, the General National Congress and the Presidential Council in Tripoli. Failure to hold fair and speedy elections at the end of …

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Enbridge Sees Unusually High Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB) (TSE:ENB) saw unusual options trading activity on Wednesday. Investors bought 20,216 put options on the company. This is a 1,036% increase from the average volume of 1,779 puts. NYSE:ENB shares opened at $41.26 on Thursday. The stock has a market capitalization of $83.60 billion, a P/E ratio …

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Woodside advances oil and gas projects in Senegal

The weekly market report is provided by Gladius Commodities of Lagos, Nigeria. To learn more about Gladius Commodities, visit www.gladiuscommodities.com. Download the full report here. SENEGAL Woodside Petroleum plans to increase capital spending by a third to $4 billion in 2022 as it advances oil and gas growth projects in …

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PetroChina Company Limited – Consensus Indicates Upside Potential of 31.6%

PetroChina Company Limited with ticker code (PTR) now have 3 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 84 and 50.5 calculating the average target price we have 65.9. With the stock’s previous close at 50.09, this now indicates there is 31.6% …

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In 2021, 14 petroleum liquids pipeline projects were completed in the United States – Today in Energy

January 19, 2022 In 2021, pipeline companies completed 14 petroleum liquids pipeline projects in the United States, according to our recently updated Liquids Pipeline Projects Database. This total includes seven crude oil pipeline projects and seven gaseous liquid hydrocarbon pipeline projects; no petroleum product pipeline projects were completed last year. …

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Nigeria rations 2,500 MW following vandalism of gas-fired power plants | The Guardian Nigeria News

• Olorunsogo, Alaoji, Geregu, Sapele, Omotosho, Ugheli factories affected• Nigeria to reduce metering gap by 50% and cut tariffs, Presidency says• Examination of privatization, liquidity crisis, canvassing of experts As President Muhammadu Buhari and stakeholders in the country’s electricity sector deliberate what will happen to electricity with the end of …

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Illinois Court Overturns Dakota Access Pipeline Capacity Expansion Approval

Jan 12 (Reuters) – An Illinois appeals court on Wednesday overturned the Illinois Commerce Commission’s (ICC) approval to expand capacity on the Dakota Access pipeline to 1.1 million barrels per day. The Dakota Access Pipeline (DAPL) can transport about 570,000 barrels per day (bpd) of crude oil from North Dakota …

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NC gas prices hit the biggest increase in seven years

RALEIGH, NC – The tough race continues for prices at the pump. AAA reported the largest annual increase in the price of gas in North Carolina in seven years. According to AAA, in 2021, gas prices started at a low of $ 2.10 per gallon. By October, prices had climbed …

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Crude Oil and Natural Gas Futures Win in Opening Trade of the Year

Despite fears about the spread of the Omicron variant of the coronavirus across the world, including India, crude oil futures opened higher on the first trading day of calendar year 2022. However, Covid fears limited gains around the world. On the Multi Commodity Exchange (MCX), January crude oil futures were …

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Oil prices rebound on bullish news

While the increase in Omicron cases has raised fears of a destruction in demand, supply issues in Libya and declining oil stocks in the United States have pushed up prices. Graph of the week – India needs to add 40 GW per year of renewable capacity to reach the 2030 …

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Mapping the world’s oil and gas pipelines | Infographic News

Over the past 50 years, the annual world conference energy consumption almost tripled, from 62,949 terawatt-hours (TWh) in 1969 to 173,340 TWh in 2019. For centuries, the burning of coal has been the world’s primary source of energy. In the 1960s, rapid advances in the supply, transportation, and refining of …

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PetroChina Company Limited – Consensus Says Potential Increase of 38.5%

PetroChina Company Limited with ticker code (PTR) now have 3 total analysts covering the stock. The consensus rating is “Buy”. The target price varies between 75 and 50.5 by calculating the average target price that we have 62.9. Now, with the previous closing price of 45.43, this indicates that there …

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3 Oil & Gas Pipeline Stocks To Watch In A Challenging Industry – December 8, 2021

While the mid-level energy sector is less exposed to coronavirus-induced oil and gas price volatility, the outlook for the Zacks Oil and Gas – Pipeline MLP sector is still subject to increased levels of uncertainty. Due to declining demand for fuel and prudent capital spending by upstream players, lower production …

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Aramco announces landmark $ 15.5 billion gas pipeline deal with global consortium led by BlackRock

DHAHRAN – Saudi Aramco has signed a $ 15.5 billion lease and leaseback agreement for its pipeline system with a consortium led by BlackRock Real Assets and Hassana Investment Company, the investment management arm of the General Organization for Social Insurance (GOSI) in Saudi Arabia, in one of the largest …

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Canadian Trans Mountain pipeline to restart on Sunday

A pipe depot serving the government-owned Trans Mountain pipeline operator is seen in Kamloops, British Columbia, Canada on June 7, 2021. REUTERS / Jennifer Gauthier Register now for FREE and unlimited access to reuters.com Register Dec. 4 (Reuters) – Canada’s Trans Mountain pipeline will resume operations on Sunday, weeks after …

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Pakistan cedes strategic pipeline contract to China to repay mountain of debt

ANI | Update: 03 dec. 2021 23:09 STI Islamabad [Pakistan], Dec 3 (ANI): Pakistan has started handing over major projects to Beijing as a way to repay the mountain of debt resulting from Chinese loans as Imran Khan’s government recently awarded the contract for the construction of 3,021 km of …

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No evidence Biden canceled pipeline caused gas prices to rise in US

An article that accuses President Joe Biden of rising gas prices in the United States cites lower prices in three other major oil-producing countries, saying: “Gasoline in Russia $ 2.10, Kuwait 78 cents, Saudi Arabia (sic) 98 cents. Nobody’s shutting down the pipes there.” It ends with an abbreviation known …

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Enbridge (NYSE: ENB) Receives New C $ 60.00 Price Target at Royal Bank of Canada

Enbridge (NYSE: ENB) (TSE: ENB) saw its target price cut by analysts at the Royal Bank of Canada from C $ 61.00 to C $ 60.00 in a research report released on Monday, Fly reports. The company currently has an “outperformance” rating on the shares of the pipeline company. Other …

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ONEOK – Consensus indicates downside potential of -11.8%

ONEOK with ticker code (OKE) now have 20 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price varies between 68 and 46 by calculating the average target price that we see 56.45. With the stock’s previous close at 64.01, that would imply a potential drop …

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Giant pipeline in US Midwest tests future of carbon capture

Nov. 23 (Reuters) – Dan Tronchetti received a letter in August that alarmed him: Summit Carbon Solutions, a company he had never heard of, wanted his permission to conduct survey work for a 2-hour pipeline. 000 miles that she planned to drive through her Iowa. corn and soybean fields. The …

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Biden calls for help from the world to ease the global energy crisis

Oil prices fell to their lowest levels in six weeks, with Brent and WTI falling below the psychologically important $ 80 a barrel mark for the first time in weeks. Brent was listed at $ 79.67 a barrel in Friday’s intraday session, with WTI trading at $ 77.65 as talks …

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US Coast Guard appoints second “interested party” for possible role in California oil spill

Steven Bratspies, CEO of Hanesbrands, discusses the factors contributing to the delay in the supply chain. The United States Coast Guard has named a second “interested party” by the owner and operator of a cargo ship that was involved in an anchor dragging incident linked to an oil spill in …

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Biden urged China to release oil reserves to lower prices and boost economic cooperation (report)

President Biden called on Chinese President Xi Jinping to release crude oil from his strategic reserves in an effort to stabilize rising oil prices, the South China Morning Post reported. China is the world’s largest net importer of oil. Biden and Xi held a virtual meeting earlier this week, where …

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Key Private Sector Actors to Attend Tanzania-Uganda Oil and Gas Symposium

Preparations for the Tanzania-Uganda Oil and Gas Symposium gained momentum with key private sector players confirming their attendance. The high-level event will be held at the Julius Nyerere International Convention Center in Dar es Salaam, Tanzania on November 26. “Many major players in the oil and gas industry will honor …

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Global Oil and Gas Pipelines Market 2021 Report Structure, Industry Competition Analysis, Trends & Growth, Forecast 2026 – LSMedia

The latest market analysis report, namely Global Onshore Oil and Gas Pipeline Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 presents a plateau of the overall market structure, potential, impacts and forecast from 2021 to 2026 associated with the global market. The report comprises an overview and …

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Advancing Pikka – November 07, 2021

On November 2, Oil Search Alaska, or OSA, filed the Pikka 2022 unit development plan for the one-year period beginning February 1, 2022, with the Alaska Department of Natural Resources and its division oil and gas. Based on the work carried out under the previous exploration and development plans of …

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Fed offers loans to victims of California oil spill

HUNTINGTON BEACH, Calif. (AP) – The federal government will offer disaster loans to businesses affected by an oil spill that shut down southern California shores earlier this month, it was announced Wednesday. The US Small Business Administration has approved disaster relief in the form of low-interest loans for Orange County, …

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Extinction Rebellion blocks entrance to oil company in Ashkelon

Extinction Rebellion activists blocked the entrance to the Europe Asia Pipeline Company complex in Ashkelon on the south coast on Sunday morning, causing traffic jams before they were finally removed from the scene by police. There was no immediate police announcement of any arrests. Extinction Rebellion, a global movement, uses …

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Aging equipment, spills test oil links, California

FILE – In this October 11, 2021 file photo, a family in the background is under an umbrella as workers continue to clean up the contaminated beach in Huntington Beach, California. California’s difficult relationship with the oil industry is being tested again by the latest dumping on dirty beaches and …

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Unions move towards Republican Party in Michigan and more

For the first time ever, unions were invited to sponsor and speak at last week’s Mackinac Republican Leadership Conference, Michigan’s biennial GOP summit. Former U.S. Representative Pete Hoekstra spoke with representatives from Operating Engineers 324 and Michigan Laborers District Council to discuss their shared values ​​and the future of union-Republican …

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From the Bay Area to Santa Barbara and Huntington Beach

The California Coastal Commission is recording these major oil spills that caused environmental damage from southern California to the San Francisco Bay Area. A pipeline leak in waters off Orange County that began on Saturday, October 2, 2021 spilled at least 126,000 gallons, fouling beaches and killing wildlife at the …

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EACOP aligns with pipe suppliers

Uganda’s oil plans are starting to materialize, with contracts close to the current project and more to come. East African Crude Oil Pipeline (EACOP) chief executive Martin Tiffen said the “main set of deals” was in place, but full deals would come once the legal and trade framework was completed. …

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CEPA 2021 Transportation Pipeline Performance Report Outlines Members’ Commitment to a Sustainable Energy Future

Calgary, Alberta, Sep 28, 2021 (GLOBE NEWSWIRE) – The Canadian Energy Pipeline Association (CEPA) today released its 2021 Performance Report highlighting its members’ commitment to improving safety, protecting the environment and achieving operational excellence while delivering the responsible energy that Canada and the rest of the world have need. “Canadian …

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Vermonters mobilize to shut down Line 3 pipeline

BURLINGTON, Vt. (WCAX) – Just over 100 people showed up at Battery Park in Burlington on Friday afternoon to fight climate change and raise public awareness about the Line 3 pipeline in Minnesota. People from Vermont traveled to and from Minnesota to protest the pipeline. The Minnesota Public Utilities Commission …

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FPT offers pipeline service

FPT offers pipeline service

Can bad-credit loans affect your credit rating? In the majority of cases, poor credit history leads to the rejection of loan applications. Most lenders do not look at your credit score or report before approving the application. This is why it is crucial to be aware of the impact of the mortgage …

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Southwestern (SWN) signs agreement to produce RSGs for the Northeast market – September 23, 2021

Southwestern Energy Company (SWN Quick QuoteSWN – Free Report) has entered into a responsible natural gas supply agreement (“RSG”) with Tennessee Gas Pipeline (“TGP”), a subsidiary of Kinder Morgan, Inc. (Quick quote KMIKMI – Free Report), to reduce methane emissions throughout the natural gas value chain. RSG is conventional natural …

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To win! Memphis leaders enact measures to protect drinking water

News | September 22, 2021 The Wellhead Protection District is a first step in providing essential safeguards for the Memphis Sand aquifer Ensuring safe water in Memphis has been a community effort. Photo from SteveJonesPhoto.com Yesterday, Memphis City Council unanimously passed a much-needed ordinance that creates additional protections for the …

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Tennessee Gas Pipeline and Southwestern Energy Company Announce Responsible Source Natural Gas Agreement

HOUSTON – (COMMERCIAL THREAD) – Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI) and Southwestern Energy Company (NYSE: SWN) today announced the launch of a strategic responsible sourcing agreement on the natural gas (RSG). The aim of the agreement is to further reduce methane emissions throughout …

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Prices rebound after worst week in 9 months

By JOHN P. TRETBAR After their worst week in nine months, crude prices rose 5% on Monday. Brent crude fell to its lowest price since May on Monday, but then jumped 5%, recovering somewhat from a seven-day losing streak in which prices fell 8%. Both benchmarks marked their biggest week …

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The company behind the abandoned Keystone pipeline project seeks $ 15 billion in damages from the Biden administration – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-07-06 18:23:51 – The energy company behind the currently abandoned Keystone XL pipeline project is seeking $ 15 billion in damages from the Biden administration after the president revoked the project’s license on the first day of his inauguration. TC Energy Mentionned They submitted a notice to …

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Fitch confirms GAIL (India) with a negative outlook

Fitch Ratings Confirmed GAIL (India) Limited’s Long Term Foreign Currency Issuer Default Rating at “BBB-” with a Negative Outlook New Delhi: Fitch Ratings has confirmed GAIL (India) Limited’s long-term default rating of foreign currency issuers at “BBB-” with a negative outlook. The utility rating is capped at the same level …

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Biden administration defends pipeline permits in court

MINNEAPOLIS – The Biden administration reported in a court file this week that it did not plan to cancel federal permits for Enbridge Inc.’s Line 3 pipeline project, despite appeals from American Indians and environmental groups for the president to intervene. The US Army Corps of Engineers used the case …

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Biden administration backs oil sands pipeline project

The Biden administration has defended a contentious pipeline project that would carry hundreds of thousands of barrels of oil through delicate Minnesota watersheds, urging in a court case to dismiss the challenge filed by local tribes and environmental groups. The closely watched federal court filing was the latest in a …

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Pipeline Transportation Market Growth Opportunities, Industry Size, Demand & Trends, Research Report Forecast by 2026 – KSU

The Global Pipeline transport market is expected to reach $ 26.74 billion by 2026, according to a new report from Reports and Data. Pipeline transportation is used to transport liquids and gases through pipelines and chemically stable substances. These pipelines transport crude and refined oils, natural gases and biofuels, including …

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Kolhatkar: US doesn’t need another pipeline | Columns

A decades-old pipeline called Line 3, operated by Canadian company Enbridge, is undergoing a controversial upgrade. This met with fierce resistance from the indigenous communities living along the road. Line 3 is being replaced so that it can transport nearly 800,000 barrels of crude oil from the dirty tar sands …

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Minnesota Court of Appeals Confirms Line 3RP Reviewed SIEF, Certificate of Need, and Highway License

“After six years of community engagement, environmental review, regulatory and legal review, it is good to see confirmation of previous decisions regarding the Line 3 replacement project,” said Vern Yu, Executive Vice President and President of Enbridge Liquids Pipelines. “From the outset, the project was aimed at improving the safety …

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Minnesota court confirms Line 3 pipeline approval

“With an existing deteriorating pipeline carrying crude oil through Minnesota, there was no option without environmental consequences,” wrote Judge Lucinda Jesson, joined by Judge Michael Kirk. “The challenge: to balance these misdeeds. There was no option without impact on the rights of indigenous peoples. The challenge: to mitigate these harms …

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Keystone XL protesters want Biden to revoke more pipeline licenses

Through Jennifer A. Dlouhy and Robert Tuttle at 06/13/2021 Keystone XL pipeline, during the construction phase WASHINGTON and CALGARY (Bloomberg) – Environmentalists emboldened by Keystone XL’s defeat this week are pressuring President Joe Biden to revoke licenses for other oil and gas pipelines, warning their votes depend on the administration’s …

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Oil spill reported on Crow Reserve

An oil spill of unknown size and duration has been reported on the Crow Indian Reservation, Montana Free Press reports. Richard Mylott, a spokesperson for Area 8 of the Environmental Protection Agency, said he understood the spill was from a collection line, a pipeline used to transport crude oil from …

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