The Latest

Imports

COLUMN: US Crude Stocks Swell as Saudi Tankers Unload

If the increase is a one-off, it won’t affect a market that is quickly rebalancing.

May 29, 2020

Crude Oil

Flurry of US Gulf Coast Crude Export Fixtures Offers Glimmer of Hope

Commodities merchant Trafigura and Occidental Petroleum are among companies looking to book vessels to ship crude from the U.S. Gulf Coast to Asia, one shipbroker said.

May 29, 2020

International

Senators Weigh Additional Sanctions on Russia’s Nord Stream 2

Shaheen, Cruz consider broadening the scope of their sanctions legislation.

May 28, 2020

Private Equity

Capital Strategies: Midstream Private-Equity Marriages

An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.

May 26, 2020

Crude Oil

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

Private Equity

Blackstone’s EagleClaw Midstream Sues Caprock over Troubled Deal

EagleClaw in 2018 acquired natural gas pipeline operator Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million.

May 26, 2020

Acquisitions & Divestitures

TC Energy Completes Multibillion-dollar Sale of Pipeline Stake

Private equity firm KKR & Co. Inc. said in December that it and Alberta Investment Management Corp. would jointly buy the 65% Coastal GasLink stake from TC Energy.

May 25, 2020

Crude Oil

OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock

Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.

May 22, 2020

Field Development

US Energy Regulators Authorize Proposed $43.4 Billion Alaska LNG Project

BP and Exxon Mobil produce massive amounts of oil in Alaska and have discovered huge gas resources that are stranded in the North Slope, which the proposed LNG project would allow that gas to access markets around the world.

May 22, 2020

International

EU Court Throws Out Challenge from Russian-Backed Nord Stream 2

General Court leaves it up to the member states to enforce the rules.

May 21, 2020