Oil Sands

Crimson Midstream, MPLX Announce Binding Open Season For Swordfish

Crimson Midstream LLC and MPLX LP Oct. 17 announced the commencement of a binding open season to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline. The Swordfish Pipeline is being jointly developed by Crimson and MPLX to provide co ...

CPPIB and the Caisse Focus on EMs?

CPPIB put out a press release, Driving long-term value creation through investor-corporate dialogue in Brazil:How long-term value creation can be driven by investor-corporate dialogue was the subject of an October 9 discussion with senior executives from Brazilian corporations at CPPIB’s Sao Paol ...

Trump wants to expedite a Texas pipeline project, but no one seems to know what it is

“I’m baffled,” one US government official said last week. “I have no clue,” said another. “I have absolutely no idea what he’s talking about,” one frustrated analyst said after an hour of phone calls. “I’m not sure anybody does.” On October 9, President Donald Trump told repor ...

West Texas Pipeline To Resume On Schedule After Spill

Energy Transfer Partners LP said on Oct. 15 that a West Texas pipeline would resume operations on Oct. 20 as planned after the pipeline spilled water with nontoxic green dye and residual crude oil near Abilene, Texas. The spill, which began mid-day Oct. 14, went into Button Willow Creek and then int ...

Tallgrass, Silver Creek Expand Powder River Basin JV

Tallgrass Energy LP (NYSE: TGE) said Oct. 15 it had expanded its joint venture (JV) with private-equity-backed Silver Creek Midstream LLC in the growing Powder River Basin. Tallgrass and Silver Creek formed the JV in February 2018 to develop the Iron Horse pipeline to transport crude oil from the Po ...

Death Toll Reaches 60 In Nigerian Oil Pipeline Fire

Sixty people were killed after a fire broke out Oct. 12 on an oil pipeline in the southeast of Nigeria, a spokesman for the National Emergency Management Agency (NEMA) said Oct. 15, up from the tally of 16 dead given by officials three days earlier. The state oil company on Oct. 12 said pumping on t ...

Permian Producers Talk About Basin’s Growing Pains

HOUSTON—E&P companies in the Permian Basin are seeing production growth as they pursue long laterals and optimized completions, but they are also experiencing growing pains and keeping eyes on what could be the next challenge. Dan Westcott, president of Legacy Reserves, described it as a game of W ...

Rethinking it

Rethinking it Risk sentiment stabilised primarily on the back of reports that the Treasury Department will NOT recommend China be labelled a currency manipulator along with headlines that Trump and Xi will meet on trade seems to be enough reason for the equity sell-off to cool. But indeed never ha ...

Next week’s spotlight falls on the USD and the RMB complex.

Well, that was dramatic, but some significant levels on equity markets held on a closing basis, while the DXY rallied into the close. But in the end, it was all about cleaning the slate while living to fight another day. Next week spotlight falls on the USD and the RMB complex, and following the li ...

Fire On Southeast Nigerian State Oil Pipeline Kills 16 People

Sixteen people were killed after a fire broke out Oct. 12 on an oil pipeline in southeast Nigeria, a spokesman for the Nigerian National Petroleum Corp. (NNPC) told Reuters. The state oil company said the fire occurred along the Osisioma axis near the Aba depot and emergency services had now been de ...