News

Plains All American Pipeline and Noble Midstream Partners have formed a 50/50 joint venture (JV) to acquire Advantage Pipeline which owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin. The JV will acquire Advantage for $133 million. The acquisition is subject to regulatory approvals. The Advantage Pipeline has a capacity of 150,000 barrels per day originating in eastern Reeves County, Texas running through Pecos and Ward Counties, to Crane County, Texas. The Advantage Pipeline ...

Iran will begin exporting natural gas through a pipeline to Oman by 2020 after re-routing subsea path to avoid waters controlled by United Arab Emirates, Iranian officials said. The Persian country is looking to establish LNG supply routes to Europe and Asia through Oman as it races towards re-building and developing infrastructure for its huge oil and gas reserves after years of trade sanctions were lifted a year ago. Oman and Iran agreed on a 25-year gas supply ...

Pakistan will begin working this month on the protracted $10 billion Tapi gas pipeline project stretching over four Asian countries as the operating consortium awarded the project management consultant (PMC) contract to German firm ILF. The consultant is ready to conduct route survey, detailed engineering and feasibility study this month for the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline, Pakistani newspapers reported.

President Donald Trump will sign orders Tuesday to advance the construction of the Keystone XL and Dakota Access oil pipelines, a pair of projects that were blocked by the Obama administration due in part to environmental concerns. Trump is to sign the orders Tuesday, according to a person with knowledge of the decision. The move is expected to be cheered by Republicans and some union groups who backed the projects. Former President Barack Obama stopped the proposed Keystone ...

China National Petroleum Corp is competing with Canada

Mongolia will seek approval from the Import-Export Bank of India to build an oil refinery and pipelines with $1 billion in infrastructure funding negotiated last year, a project that could boost the nation

A new pipeline project to bring Nigerian gas through Africa to Europe has been launched by the sovereign wealth funds of Nigeria and Morocco, the latest attempt to link Nigeria’s vast gas resources with the lucrative European gas market. The Trans-African Pipeline will be developed jointly by the Moroccan sovereign wealth fund Ithmar Capital and the Nigeria Sovereign Investment Authority. Nigeria has huge gas reserves but few options for monetizing the gas other than its LNG export facility. A previous ...