TAQA NORTH LTD. Permit #29574 approved for a 9.6KM Gas processing plant to compressor project in the Cardium
TAQA North Ltd. to build 9.68KM pipeline in the Cardium to connect a compressor to gas plant
Cogent Midstream to build 100 miles of gathering pipeline in Permian
Cogent Midstream was approved by the Texas Rail Road Commission Pipeline Permit # 8780 103 miles new pipeline COKE, CROCKETT, GLASSCOCK, IRION, MITCHELL, NOLAN, REAGAN, STERLING, TOM GREEN, UPTON.
U.S. crude oil prices hit US$71 per barrel
U.S. crude oil prices hit US$71 per barrel this morning, as a demand surge has not yet been met with a strong response from the supply side.
Ritchie Bros. sees unprecedented activity at its online auctions
1Q21, Ritchie Bros. has driven website traffic up 47% year over year while bidder registrations are up 49%.
Magellan Midstream Divests its Independent Terminals for $435M
Magellan Midstream Partners (MMP) inked a deal to sell its independent terminals network to Buckeye Partners for $435 million.
TC Energy formally terminates Keystone XL Pipeline project
TC Energy formally pulled the plug on the Keystone XL Pipeline project June 9 after it was placed on life support in January when President Joe Biden revoked the necessary permitting as promised on his first day in the White House.
Oil futures pare gains as EIA reports a drop in U.S. crude supplies, but gasoline stockpiles climb
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 5.2 million barrels for the week ended June 4.
Canada’s oil sands producers announce alliance to achieve net zero greenhouse gas emissions
Oil Sands Pathways to Net Zero initiative working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050
Linde SWEENY SMR Project Update
Last week Linde Sweeny SMR project had a “Construct” permit approved. This is an indicator of activity at the project location.
BP CEO sees strong oil demand recovery
Speaking with Bloomberg News in St Petersburg, Russia, BP’s CEO said that there is much evidence to suggest that demand will be strong, and the shale seems to be remaining disciplined.