Bakken Oil Prices Surge as Dakota Access Pipeline’s Fate Awaited
Concern about how U.S. President Joe Biden’s administration will handle the Dakota Access Pipeline (DAPL), which can transport more than 550,000 bbl/d out of the Bakken, is boosting prices.
CorEnergy Acquires California Pipeline Assets for $350 Million
The acquired Crimson Midstream assets include four critical infrastructure pipeline systems connecting “desirable native California crude production” to in-state refineries.
US Crude Oil Stockpiles Plunge Unexpectedly Last Week
Crude oil inventories in the U.S. fell by 6.6 million barrels in the week to Feb. 5 to 469 million barrels, compared with expectations in a Reuters poll for a 985,000-barrel rise.
Canada Plans Hydropower Push as Biden Looks to Clean up US Grid
Ottawa shifts to clean energy export effort following cancellation of the KXL pipeline.
Plains All American Earnings Slide 35%
Oil pipeline volumes dropped as prices and US drilling fell.
Senator Manchin Urges Biden to Reverse Keystone XL Pipeline Decision
In a letter to fellow Democrat Joe Biden, Sen. Joe Manchin said that even without the Keystone XL pipeline, the oil would still find its way to the U.S. by rail and truck.
PTT Seeks Partner for Appalachia Ethane Cracker in Ohio
The team said it was also in the process of meeting with members of President Joe Biden’s administration to brief them on the benefits of the proposed petrochemical plant in Ohio that will turn ethane into plastics.
Alaska Seeks to Build North Slope Natural Gas Pipeline
The proposed $5.9 billion pipeline would run roughly 500 miles (800 km) and could start delivering natural gas into central Alaska in 2025, according to a report.
Chevron Offers to Acquire Noble Midstream in Equity Exchange
Chevron’s proposed offer to buy any remaining Noble Midstream interests not already owned by Chevron and its affiliates values the pipeline operator at about $1.13 billion.
DCP Midstream Joins The Environmental Partnership
Gas processor commits to a clean energy future.