News

Russia and India will establish a working group to consider the supply of oil from Russia to India via Central Asia, Russian news agency TASS has reported. Russia

Magellan Midstream Partners plans to proceed with the Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara play in northeast Colorado to Magellan’s storage facilities in Cushing, Oklahoma. Binding commitments have been received from a wholly owned subsidiary of Anadarko Petroleum Corp. and Noble Energy Inc. as part of the pipeline’s ongoing open season. Based on these commitments, Magellan is proceeding with the Saddlehorn Pipeline. The current open season for the Saddlehorn Pipeline has been extended ...

Pakistan and Iran have agreed to look for a middle ground to implement the Iran-Pakistan gas pipeline. The decision was taken during the meeting between the two parties held on Tuesday in Tehran, Pakistani newspaper Express Tribune reported.

The project to extend a major international gas pipeline through to The Netherlands and the UK has been scrapped. Some suggest that the project has been shelved due to the downturn in relations between the EU and Russia over Ukraine. The Nord Stream consortium insists that the lack of progress in continuing the Nord Stream gas pipeline to the United Kingdom is not because of worsening relations between Russia and the West.

BP is expected to finish all legal procedures to become a stakeholder before the end of the year in the multi-billion dollar Trans-Anatolian gas pipeline project (TANAP) which promises to reduce Europe’s reliance on Russian gas, an official at Azeri state energy company SOCAR said on Monday. Vagif Aliyev, SOCAR’s investment department chief, told reporters that after signing all documents BP, which decided to join TANAP last year, would hold a 12 percent stake in the project. SOCAR will ...

TransCanada Corp. will have to spend $1 billion more than planned on an oil pipeline to Canada