Industry News

Pipe Pressure Before Boston Explosions was 12 Times too High

The pressure in natural gas pipelines prior to a series of explosions and fires near Boston was 12 times higher than it should have been, according to a letter from the state's U.S. senators to utility executives.

Russian oil output hits new high before OPEC talks

Russia’s crude production has jumped to a new post-Soviet record, boosting the nation’s budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a government official.

Canadian shale drillers feel Permian-type pain as prices collapse

The Permian basin isn’t the only oil field facing pressure from pipeline bottlenecks.

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.