Industry News

ONEOK Plans Second Expansion of West Texas LPG Pipeline System

Tulsa, Okla.-based ONEOK said it will invest $295 million to expand its West Texas LPG pipeline system, which provides natural gas liquids takeaway capacity for Permian Basin producers.

OPEC highlights threats to oil demand before meeting on output

OPEC highlighted a range of risks brewing in the global economy that could hurt oil demand as ministers prepared for a meeting on production policy, marking a shift from last month’s outlook.

EIA: U.S. overtakes Russia, Saudi Arabia as world's largest crude producer

The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO).

Permian oil auction gets record $1 billion as bidding soars

The price to access unexplored shale assets on the New Mexico side of the Permian basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field.

Production capacity increased 25% for Egyptian Zohr project

Production capacity of Zohr project, developed by the consortium of Eni, Rosneft, BP and Mubadala together with the Egyptian oil and gas companies, has been increased by more than 25% to more than 2 Bcfd.

Angola loosens Sonangol’s grip on oil sector

The new leadership in Luanda is pushing ahead with wide-ranging reforms

HDD Projects Help Connect Colorado Water Systems

Through the Water Infrastructure and Supply Efficiency organization, water providers are working together in Colorado to share in renewable water, well water, physical pipes, and treatment and storage assets while still maintaining independent jurisdictions.

US Companies Fume over Rejected Steel Tariff Exemptions

When the Trump Administration imposed a 25% tariff on imported steel, it allowed companies to apply for exemptions if needed metals were unavailable in sufficient quality, quantity or in a reasonable time. But the process is proving slow and controversial as a deluge of applications has buried the small staff initially assigned to the task.

Planned Aramco IPO on hold

Saudi Arabia has denied reports that the partial privatisation of Aramco has been cancelled—but hasn’t said when it will happen

Hoegh LNG to supply floating LNG terminal to Australian import project

Norway’s Hoegh LNG has won a tender to supply a floating LNG import terminal for a consortium aiming to import liquefied natural gas to Australia’s east coast from 2020 in a push to boost local supply.

Total confirms has quit Iran's South Pars gas project

French oil and gas major Total confirmed that it had notified the Iranian authorities of its withdrawal from the multibillion-dollar South Pars gas project

PetroChina's Yunnan refinery processes Iranian crude for first time

PetroChina’s Yunnan refinery has processed 56,000 tonnes, or 408,8000 barrels, of Iranian heavy crude, the company’s official newspaper said.

Aramco listing plan halted, oil giant disbands advisors

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said.

U.S. to release 11 MMbbl of crude from strategic stockpile

The U.S. plans to release 11 MMbbl from its 660-MMbbl emergency stockpile, just as American sanctions on Iranian oil exports kick in.

Fracing robots in the works as oil field is digitized

Rack up one more thing robots can be used for: Fracing for oil.

Regulators Greenlight Construction of Trans Mountain Segments

Canada's energy regulator said it had given the go-ahead for the construction of a large portion of the Trans Mountain expansion project, which will nearly triple capacity on the oil pipeline from Alberta to a Vancouver area port.