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Crude Oil Pipeline News

13 Feb 2024

Exxon, Enbridge Sued by Competitor

© Juozas55 / Adobe Stock

Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico.The antitrust lawsuit from energy infrastructure developer Ducere seeks more than $11 million in damages for work the Illinois company said it already paid for on the project and for lost future profits.Exxon, Enbridge and their…

20 Nov 2023

U.S. Coast Guard Responds to Gulf of Mexico Oil Spill

Credit: U.S. Coast Guard

The U.S. Coast Guard was leading an oil spill clean-up in the Gulf of Mexico on Friday, partnering with local and federal agencies and companies after a Main Pass Oil Gathering Co (MPOG) underwater pipeline began leaking.The crude oil pipeline is around 19 miles (30 km) offshore in the Gulf of Mexico, east of Venice, Louisiana, the U.S.

16 Nov 2023

Energy Transfer, TotalEnergies Pen Deal for Crude Oil Offtake from Blue Marlin Offshore Port

Blue Marlin Offshore Port Project Map - Credit: MARAD

Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision on the project, expected to be developed in the Gulf of Mexico, offshore Cameron Parish, Louisiana…

13 Feb 2023

First Azeri Oil Leaves Turkey's Ceyhan Since Quakes

The Nordlotus sailed from Turkey's Ceyhan oil export hub loaded with Azeri crude on Monday, the first such shipment since earthquakes hit the region on Feb. 6, ship-tracking data showed and a trading source said.The tanker carried 682,500 barrels of oil and began loading on Feb. 12, Turkish state energy company BOTAS said in a statement on Monday.The Alfa Baltica was also shown at a jetty at the Botas Ceyhan oil terminal on Monday and was loading Azeri crude, the trade source said.The earthquakes that struck Turkey and Syria halted operations at Ceyhan, which receives crude supplies from northern Iraq and Azerbaijan.Loading of Azeri oil at Ceyhan resumed on Sunday, a spokeswoman for BP said. The company declared force majeure on loadings of Azeri crude from Ceyhan on Feb.

27 Aug 2021

Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade

File Photo: Fujairah Oil Terminal

The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters.FOT's expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah's very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline, said Steve Bickerton…

20 May 2021

First Ships Dock at Kenya's Lamu Deep Water Port

(Photo: LAPSSET)

The first ships docked at Kenya's deep water Lamu Port on Thursday as the country looks to open a new transport corridor linking its vast northern region and neighboring nations to the sea.Kenyan officials hope that the Indian Ocean port, the country's second deep water facility, will attract cargo destined for neighboring landlocked nations Ethiopia and South Sudan, and offer transhipment services where large vessels bring in cargo for onward distribution by smaller ships.The Lamu Port…

14 Apr 2020

Enterprise Offers Crude Shipments From Gulf Coast to Cushing

© Jim / Adobe Stock

Enterprise Products Partners LP said it would offer spot shipments of crude on an existing pipeline from the U.S. Gulf coast to Cushing, Oklahoma, the delivery point for benchmark U.S. crude futures, as demand to store oil inland surges.The move marks a sharp reversal from recent pipeline projects that were all built connecting inland markets to the Gulf Coast as U.S. crude exports climbed to record highs after Washington lifted a ban in late 2015.However, the coronavirus pandemic has crushed global oil demand and dented U.S.

07 Nov 2019

Moda Midstream to Enhance MIEC to Allow VLCC's

A VLCC loads crude oil in the port of Corpus christi, Texas (Image: port of Corpus Christi)

U.S. oil export terminal operator Moda Midstream LLC said on Thursday it has begun to enhance its Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to allow the docking of larger-sized vessels.Moda has begun structural enhancements and dredging to Berth 5 and improvements to Berth 4, which will allow for the docking of Suezmax class vessels and Very Large Crude Carriers (VLCCs), respectively, the company said in a statement.The company said it was evaluating construction of an additional pipeline called the Moda Ingleside Express Pipeline…

31 May 2019

US Oil Production Up, Needs More Pipelines

The rising domestic crude oil production in the United States has created a need for more pipeline capacity, revealed the US Energy Information Administration (EIA).EIA recently launched a new liquids pipeline projects database that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL), and petroleum products pipeline projects."Rising domestic crude oil production has led to several changes in Gulf Coast crude oil supply and demand patterns, creating a need for more pipeline capacity," it pointed out.Crude oil pipeline capacity additions originating in the Gulf Coast region represent most of the scheduled pipeline capacity growth over the next few years.

16 May 2019

Tanker Rates Firming Up: Frontline

The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. is the world's largest oil tanker shipping company.The tanker market pulled back in January due to OPEC production cuts and a high level of newbuilding deliveries after a strong end to 2018, it said.The market then came off primarily due to extended refinery maintenance in preparations for IMO 2020 and both new and persistent supply disruptions.Atlantic refinery maintenance is currently coming to an end and East of Suez refinery maintenance is coming off of peak levels.Crude oil demand forecasts remain healthy and largely unchanged since the start of the year.

25 Feb 2019

Adnoc Signs USD4bln Pipeline Deal

Abu Dhabi State-Owned Oil Company Adnoc has sealed a $4 billion midstream pipeline infrastructure deal with BlackRock, the world's largest asset manager, and private equity firm KKR & Co.The Middle East national oil company said that the transaction includes the creation of Adnoc Oil Pipelines, which will lease Adnoc's interest in 18 pipelines and give rights to transport crude and condensates from Adnoc's onshore and offshore concessions over 23 years.BlackRock and KKR will form a consortium to hold a 40% stake in Adnoc Oil Pipelines, while Adnoc Infrastructure, a fully-owned Adnoc subsidiary, will retain the remaining 60%. Adnoc estimated its proceeds at about $4 billion. Sovereignty over the pipelines and management of pipeline operations remain with Adnoc.

27 Jan 2019

Moda Midstream Announces Ingleside VLCC Berth Upgrades

Liquids terminaling and logistics provider Moda Midstream announced it has successfully commissioned upgrades to Berth 2A at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to enable loading of very large crude carriers (VLCCs).Moda developed these upgrades to provide existing and potential customers the ability to safely and cost-effectively load VLCCs at rates of up to 80,000 barrels per hour.“Today we are loading our fourth VLCC at MIEC since late December,” said Moda President and CEO Bo McCall. “With today’s commissioning of our upgrades to Berth 2A, we now have the U.S. Gulf Coast’s most efficient crude export loading rates.

26 Jul 2018

Middle East Oil & Gas Shipping Routes are at Risk

© Igor Groshev / Adobe Stock

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions, has also threatened to block the Strait of Hormuz, the other major strategic shipping route for oil from the region and the main route for Iranian crude exports.Below are facts about region's shipping routes:Bab al-MandebAny move to block the Bab al-Mandeb…

23 Mar 2018

China Considering New Tariffs on 128 US Products

© Amarinj / Adobe Stock

China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products. The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on 120 products including steel pipes, dried fruit and wine, and later, a 25 percent tariff on pork and recycled aluminum. Below is a list of 128 U.S. 83  22043000  Grape juice other than that of heading item No.

12 Dec 2017

Forties Pipeline Outage Benefits U.S. Exporters

The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world's top importing region. The Forties Pipeline System, which carries about 450,000 barrels per day (bpd) from the North Sea to Scotland, may be closed for several weeks for unscheduled repair work, operator Ineos said on Monday. Forties crude is the largest of the five North Sea crudes that make up the dated Brent price benchmark. Brent crude futures jumped 2 percent on Monday to settle at $64.69 a barrel, their highest in 2-1/2 years. But given the price spike is related to an actual physical supply issue, the price of competing U.S.

09 Feb 2017

Trump, Trudeau to Discuss Trade on Monday

President Donald Trump will host Canadian Prime Minister Justin Trudeau on Monday, the White House said on Thursday, a meeting in which trade and a major crude oil pipeline are likely to be on the agenda. The meeting will be the first for the two men since Trump won last November's election. "President Trump and Prime Minister Trudeau look forward to a constructive conversation on strengthening the relationship between our two nations," the White House said in a statement. Canada sends 75 percent of its exports to the United States and is keen to avoid becoming the target of protectionist measures. Trump wants to renegotiate the trilateral NAFTA trade pact with Canada and Mexico, which he says has been disastrous for American workers.

31 Dec 2014

Oil's Worst Year Since 2008

Oil prices fell on Wednesday as concerns about demand for fuel kept worries about a global supply glut intact. Both Brent and U.S. crude significantly pared losses just before government data showed U.S. crude oil inventories fell 1.8 million barrels last week, a bigger drop than analyst expectations for a 100,000-barrel dip in stocks. After initially paring more losses, crude futures pushed lower. U.S. gasoline stocks rose 3.0 million barrels and distillate stocks were up 1.9 million barrels last week, data from the Energy Information Administration (EIA) showed, as refiners lifted capacity utilization 0.9 percentage point to 94.4 percent. The EIA data followed American Petroleum Institute data released on Tuesday that showed an increase in U.S. stockpiles.

09 May 2014

Judge For U.S. Regulator Strikes Committed Rates On Seaway Pipeline

A Federal Energy Regulatory Commission judge annulled committed shipper rates on the Cushing-to-Texas Seaway pipeline on Friday, despite objections from energy companies who say it could jeopardize billions in infrastructure investment. The case arose from motions filed by oil companies against uncommitted shipper rates on the 400,000 barrels-per-day pipeline, which gives U.S. Gulf Coast refiners access to Canadian heavy crude and American oil. The federal regulator had struck the judge's initial decision in March and remanded it to her review, saying her arguments misconstrued long-held commission policy. The commission honors so-called committed shipper rates, which midstream companies enter with long-term shippers in order to finance their costly projects.

14 Feb 2014

New Corpus Christi Oil Loading Dock Sees First Tankship

Tankship: Photo courtesy David Hawgood

NuStar Energy says it has completed construction of a private marine loading dock at its North Beach Terminal in Corpus Christi, Texas, and has its first ship at the dock to be loaded with crude oil. Originally scheduled to be completed in the second quarter of this year, NuStar expedited the project in order to meet strong customer interest in using the dock to transport shipments of Eagle Ford crude oil by water. The new dock project includes a series of 30-inch and 12-inch pipelines that move the crude oil from incoming pipelines or tanks within the terminal to the new dock…

10 Jan 2014

$642M Terminal Puerto Bahía Under Development

Source: Pacific Infrastructure

Pacific Infrastructure, a subsidiary of Canadian oil company Pacific Rubiales, is developing the multipurpose terminal Puerto Bahia in the South of Cartagena Bay on Colombia’s Caribbean coast. In September 2012 Pacific Infrastructure awarded the construction of the multipurpose terminal to a consortium formed by Isolux Corsán (Spain), Tradeco (Mexico) and Tampa Tanks (U.S.). The construction of Puerto Bahía is scheduled to be completed during the first half of 2015. The total…

17 Oct 2013

Major Latin America Energy Deal Handled by Milbank

Dan Bartfeld: Photo courtesy Milbank

In support of energy infrastructure in Latin America, Milbank, Tweed, Hadley & McCloy LLP represented Itaú BBA S.A. in providing a $370 million loan for construction of a new multipurpose port facility and terminal in Cartagena Bay, Colombia. The new Puerto Bahia terminal, located on Colombia’s northern Caribbean coast, is one of the most significant investments in the country’s energy infrastructure sector to date. When operational in early 2015, the crude oil and products terminal…

23 Jul 2013

Genesis Energy Acquires Hornbeck Tugs & Barges

Genesis Energy, L.P. has agreed to acquire for approximately US$230-million all the assets of the downstream transportation business of Hornbeck Offshore Transportation, LLC (“Hornbeck”). The business is primarily comprised of nine barges and nine tug boats which transport crude oil and refined petroleum products, principally serving refineries and storage terminals along the Gulf Coast, Eastern Seaboard, Great Lakes and Caribbean. At the closing of the transaction, Hornbeck and Genesis expect to enter into transition service agreements to facilitate a smooth transition of operations and uninterrupted services for both employees and customers.

05 Jun 2013

Cairn Contracts Unique Hydrographic for Oil Spill Recovery

Photo: Unique Hydrographic Systems

Unique Hydrographic Systems has been contracted by Cairn India for an Oil Spill Recovery project. The first of its kind project for Unique Hydrographic Systems will run over a period of three years until April 2016. The crux of this Tier 1 project includes the supply of oil spill recovery equipment from Lamor along with vehicles and a trained team of responders and supervisors for approximately 700 kilometers of hot crude oil pipeline from Barmer to Jamnagar. The pipeline unit is maintained at 65 degrees and serves a string of refineries at Randhanpur…