Oil Pipeline

ONEOK, a pipeline operator, forecasted an annual income increase of around 11%. It reported a 34.2% growth in the fourth quarter profit on Monday. This was aided by increased demand and accretive contribution from EnLink's acquisition. In November, it announced that it would purchase the remaining shares in EnLink Midstream, after acquiring a 43% control interest from Global Infrastructure Partners, for approximately $3.3 billion. The company reported an increase of 4% in crude oil shipped and a growth of 3% in raw feed volumes for natural gas liquids in the Rocky Mountain Region. Last year, ONEOK purchased an NGL pipeline...

On Wednesday, Russian President Vladimir Putin said that the drone attack by Ukraine on a pumping station of the Caspian Pipeline Consortium in southern Russia may have been coordinated with Western allies. Putin stated that he believes Ukraine could not have organized such an attack by itself and likely received Western intelligence. "Attacks like this are impossible without space surveillance." Putin stated that Ukraine only receives precise data about its targets from its Western allies. On Monday, a drone attack hit a pumping facility on an oil pipeline in Russia. This reduced the flow of oil from Kazakhstan into world...

Enbridge, the pipeline operator, reported on Friday a higher adjusted profit for its fourth quarter. This was due to higher Mainline tolls as well as lower power costs. The company reported a profit adjusted of C$5.13 (US$3.62 billion) in the quarter ending December 31. This is up from C$4.1billion a year ago. The U.S. Energy Information Administration reported in January that crude oil production in the United States fell marginally from its monthly record of 13,436 million barrels a day in October. This resulted in a boost in crude flow through pipelines. Mainline is the largest crude oil pipeline in...

Williams increased its dividend after narrowly exceeding Wall Street expectations for fourth quarter profits on Wednesday, thanks to gains from acquisitions as well as expansion projects. The oil and gas transport firm increased its capacity last year in order to take advantage of the expected surge in demand for data centers that consume a lot of power. Last year, the Tulsa-based Oklahoma company purchased natural gas storage assets on the U.S. Gulf Coast for $1.95 Billion from an affiliate of Hartree Partners. Williams' adjusted quarterly core profit for its Transmission and Gulf segments was $826 million, up around 10% from...

Rystad Energy reported on Monday that global upstream mergers and acquisitions (M&A) are expected to decrease significantly by 2025 after two years of consolidation within the U.S. Why it's important According to the report, M&A deals in Europe will decrease by 10% annually between 2024 and 2025. Rystad states: "Despite the $8 billion in upstream opportunities available in the region, future M&A activities in Europe remain uncertain due to the fiscal policy in the UK." The report stated that North America remains the leader in M&A and will continue playing a major role in maintaining market health. CONTEXT The wave...

Kinder Morgan narrowly missed out on Wall Street's expectations for quarterly profit on Wednesday after the U.S. pipeline and terminal operator was hurt by lower crude and condensate carried through its pipelines. Shares of the business fell almost 1% in trading after the bell. Criteria crude rates settled down 3% by the end of the year, prompting business to produce less, therefore affecting the volumes for pipeline operators. The company also announced the Spear Intrastate Pipeline Task, a 216-mile pipeline construct that will supply about 1.5 billion cubic feet daily (bcfd) of capacity from Katy, Texas, to the LNG and...

U.S. private equity company TPG and Russian state-owned companies Rosatom and Transneft on Friday won their bid to block jailed magnate Ziyavudin Magomedov's $14 billion London claim over a supposed conspiracy to remove his assets. Magomedov sued the business and several others at London's. High Court, alleging his 2018 arrest on embezzlement charges. triggered a Russian state-supported scheme to remove him of his. holdings in valuable port operators. The accuseds all rejected the accusations and last year. argued that the suit ought to be thrown away, with TPG's legal representatives. accusing Magomedov of cooking up preposterous claims. Judge Robert Bright...

Colonial Pipeline, the biggest improved products pipeline operator in the United States, said on Tuesday it was responding to a report of a potential fuel release in Paulding County, Georgia which one of its mainlines was briefly shut down. Teams were on the scene coordinating reaction efforts, the business stated. The pipeline that was shut was Line 1, which transfers about 1.5 million barrels of fuel a day and runs from Houston to Greensboro, North Carolina. It is one of Colonial's 2 mainlines that connects Gulf Coast refineries with markets throughout the southern and eastern United States through more than...

U.S. integrated midstream facilities company Plains All American Pipeline is set on Monday to price a $1 billion investmentgrade bond offering, the year's very first to fund an acquisition. Proceeds will be utilized to money an $800 million purchase of Ironwood Midstream Energy Partners and hybrid shares from EnCap Flatrock Midstream, Plains All American stated previously this month . The offering set the phase for what is anticipated to be a busy year of bond funding for acquisitions. Distribute lenders typically are expecting around $1.65. trillion of brand-new investment-grade bonds in 2025, topping the $1.5. trillion in 2024, making this...

Pipeline operator Kinder Morgan Inc. stated that two of its fuel pipelines in Los Angeles have. been shut considering that Jan. 8 due to power outages, as the most. destructive wildfires in the city's history continued to burn. uncontained on Thursday. The business stated the 515-mile (828.8 km) SFPP West pipeline. and 566-mile CALNEV pipelines are not straight impacted by the. fires, and it expects them to resume service once power has been. restored. Yikes! That's how item gets to Phoenix, Las Vegas and. San Diego, a West Coast fuel trader said on hearing of the. shutdown. SFPP West transfers...

Exxon Mobil on Wednesday stated yearly job spending will rise to in between $28. billion and $33 billion in between 2026 and 2030, following the. acquisition of U.S. shale producer Pioneer Natural Resources. The leading U.S. oil producer laid out a five-year plan to. increase revenues by $20 billion and capital by $30 billion to. fund its growth prepare for oil and liquefied natural gas (LNG). production and drive investor returns. The brand-new targets come as Exxon is riding high. Its Guyana. operations are generating big profits and U.S. shale business. is on track to double oil production this year...

Kinder Morgan forecast greater earnings for 2025 on Monday as the U.S. pipeline operator bets on development in its gas pipelines and energy transition endeavors in the middle of rising demand for the fuel. Shares of the Houston, Texas-based business were up 1.7%. after the marketplace close. Pipeline operators such as Kinder Morgan are also relying on. electric generation associated with expert system. operations, cryptocurrency mining and information centers. Net income attributable to the company is anticipated to be. $ 1.27 per share in 2025, in line with analysts' average. estimate, according to information put together by LSEG. Kinder Morgan...

The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, was seen pumping 64.4 million metric lots of oil in 2024 in a most current estimate, further downgrading its exporting prospects, according to an investor. It had initially prepared to export more than 70 million heaps (1.5 million barrels per day) of oil in 2024, up from a. record high of 63.5 million loads in 2023. However, the consortium stated in May it expected its oil. exports to fall 7% except an initial target owing to lower. loadings from Tengiz, a crucial field. The plans might have...

The United States released fresh sanctions on Wednesday on several Russiabased entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, consisting of brand-new measures versus the operator of the project. The U.S. State Department said in a declaration it was re-imposing sanctions on a variety of entities associated with the building of the pipeline that were already designated, as well as several brand-new owners of vessels already under sanctions. Among those targeted on Wednesday were Russia-based marine services and water transport entities, the state-owned maritime rescue service and over a lots vessels, the State...

The following are the top stories in the Wall Street Journal. Reuters has actually not confirmed these stories and does not vouch for their precision. - U.S. satellite television service provider DirecTV said on Thursday it had ended its contract to acquire Echostar's. satellite tv service, which includes rival Dish TV,. over a stopped working debt-exchange offer. - U.S. President-elect Donald Trump is considering picking Kevin. Warsh as his Treasury secretary with the understanding that he. could later on be chosen to lead the Federal Reserve when Jerome. Powell's term as chair ends in 2026. - U.S. President-elect Donald Trump...

The budget plan committee of Russia's parliament on Thursday approved to increase to 40% from 20% the tax on earnings of stateowned oil pipeline monopoly Transneft starting from 2025. Transneft's shares in Moscow fell by more than 10% after tax rise was authorized throughout a live-streamed committee meeting. Russia is seeking to raise taxes as it needs to fund its military project in Ukraine. A major tax reform is anticipated to create additional profits worth 1.7% of GDP in 2025. Financial experts argue this will not be enough. Deputy financing minister Alexei Sazanov told the committee that the taxes are...

Three industry sources said that Kazakhstan's largest oil field Tengiz operated by U.S. giant Chevron has reduced its oil production by about 21% in average since October 26. This is equivalent to 496,200 barrels of oil per day. As a member OPEC+ (an alliance between OPEC, other top producers, and Russia), the Central Asian nation is bound by output targets. The decline in production may allow Kazakhstan to meet its output quota as part of an agreement with OPEC+. According to one source, the maintenance on the field has led to a decline in production. Tengiz's operator did not respond...

Two market sources said that Novatek, a Russian energy company, launched its new gas condensate processing unit in the Baltic Sea Port of Ust-Luga at the end of August. The new refinery unit can process 3 million tons of gas condensate per year. This liquid feedstock is similar to crude oil. It is then processed into jet fuel, gasoil, heavy naphtha and fuel oil. Novatek didn't immediately respond to an inquiry for comment. Novatek opened the Ust-Luga Complex in 2013, with two refinery units, to process gas produced by its Arctic fields. It also ships oil products and gas condensate...

Russia may hold back oil export cuts for its western ports in October or even increase loadings, regardless of set up rise of readily available primary oil refining capability at regional oil plants which makes it possible for Moscow to increase crude runs, market sources stated. I expect a little rise in Russia's oil exports in October - by several hundred thousand (metric) tons. I question that all the repair work will be completed on time, while the circumstance with oil plants in Russia's south is unclear yet, an industry source said. Russia's primary oil refining capacity is expected to...

Russian business, primarily Tatneft, have actually boosted oil exports to Slovakia and Hungary to replace materials lost after Ukraine sanctions halted exports from Moscowbased Lukoil, Kommersant paper stated on Thursday. Lukoil was prohibited by Kyiv from utilizing the part of the Druzhba, or Friendship, pipeline that goes through Ukrainian territory, partially providing Hungarian and Slovakian refineries. The two landlocked nations alerted of possible fuel lacks from September unless an option was found. Hungarian energy company MOL has still not received required oil volumes, including for the Slovnaft refinery in Bratislava, Kommersant reported, mentioning unnamed sources. Tatneft did not respond immediately...

Slovakia and Hungary on Friday rebuffed a European Commission recommendation that they might replace lost Russian oil supplies via an alternative path through Croatia saying it was too expensive. Products from Russia's biggest oil exporter Lukoil through Ukraine were stopped in July following a ban by Ukrainian authorities on Lukoil utilizing the Druzhba pipeline, which connects Russia to eastern Europe. Hungary and Slovakia earlier this month asked the European Commission to step in and moderate as the threatened their security of supply. But they are declining the European Commission's proposition to usage spare capability on the JANAF Adriatic pipeline in...

Hungary and Slovakia have threatened to take Ukraine to court for blocking materials of oil by Russian manufacturer Lukoil through the Sovietbuilt Druzhba (Relationship) pipeline, the last remaining path for Russian crude to Europe. The following sets out the relevant realities. RUSSIA'S REMAINING OIL LINK TO EUROPE After Moscow's invasion of Ukraine in 2022, the European Union (EU), which used to purchase up to a third of its fuel from Russia, enforced sanctions and stopped buying Russian oil. Nevertheless, it offered 3 member states - Hungary, Slovakia and the Czech Republic - exemptions from sanctions because of their dependence on...

Kremlin spokesman Dmitry Peskov on Friday called interruptions in Russian oil transit via Ukraine a crisis for the affected oil buyers, but said there was little scope for talks with the Ukrainian transit companies due to the fact that the choice had actually been political. Slovakia and Hungary have actually said they stopped getting oil from a key supplier, Russian business Lukoil, after Ukraine last month prohibited the transit of resources from the Russian energy company by means of its territory. Russia continues to supply gas and oil to Europe by means of Ukraine regardless of the war in Ukraine,...