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Oil and Gas Storage

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  • Fire burns at huge Libyan oil depot amid clashes Monday, 28 Jul 2014 | 7:13 AM ET
    A picture taken on July 28, 2014 shows smoke billowing from an oil depot where a huge blaze started following clashes around Tripoli airport, Libya.

    Libya appeals for international help after a huge oil depot caught fire amid clashes over the country's international airport in Tripoli.

  • *U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23- Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted.

  • *U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23 (Reuters)- Oil futures rose on Wednesday, with U.S. crude outpacing Brent, after oil stockpiles in the United States fell more than expected. Brent crude for September delivery was up 9 cents at $107.42 a barrel at 12:59 p.m. EDT ( 1659 GMT), after slipping 35 cents in the previous session.

  • MEXICO CITY, July 23- Mexican state oil giant Pemex said on Wednesday that work at most of its Ciudad Madero refinery in northern Mexico had been halted while it tried to contain an ongoing blaze in a storage tank.

  • Lightning a threat to ND saltwater disposal sites Saturday, 19 Jul 2014 | 11:33 AM ET

    WILLISTON, N.D.— Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling— not the oil wells or drilling rigs— that were to blame.

  • HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.

  • *Large eastern ports restart not seen before August. TRIPOLI/ LONDON, July 16- Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday.

  • TRIPOLI, July 2- Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.

  • BRUSSELS, June 25- The European Union's top negotiator in the gas price row between Ukraine and Russia said on Wednesday he would call Moscow as soon as possible to try to get both sides back to talks and Ukraine meanwhile should fill up its gas storage.

  • Iran wants steep increase in Azeri gas imports Wednesday, 25 Jun 2014 | 10:55 AM ET

    BAKU, June 25- Iran wants to raise gas imports from Azerbaijan almost six-fold to 2 billion cubic metres a year from a current 370 million cubic metres and to use gas storage in Azerbaijan, a source at the Azeri state energy company SOCAR told Reuters.

  • June 19- Midstream energy company Targa Resources Corp said on Thursday it is no longer in discussions with Energy Transfer Equity LP, the pipeline company controlled by billionaire Kelcy Warren, regarding a deal.

  • VTTI Energy Partners files for IPO of up to $420 mln Thursday, 19 Jun 2014 | 5:09 PM ET

    June 19- VTTI Energy Partners LP, an oil and gas storage and terminal company, filed with U.S. regulators on Thursday to raise up to $420 million in an initial public offering of common units. VTTI is 50 percent owned by Switzerland- based oil trader Vitol. London- based VTTI Energy listed Citigroup and J.P. Morgan as lead underwriters to the IPO.

  • June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.

  • June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. Enbridge's interest in Midcoast Operating LP will fall to 48.4 percent after the sale, the company said. Enbridge said it would use the proceeds to help fund its pipeline expansion program.

  • NEW YORK, June 16- A new chapter in the North American oil revolution is about to open on the Texas coast, with two major pipelines poised this summer to deliver an unprecedented influx of heavy Canadian crude to U.S. refineries- and potentially beyond.

  • EU'S OETTINGER SAYS MAY HAVE A PROBLEM IN EUROPE IF GAS STORAGE NOT FILLED.

  • June 9- Morgan Stanley is selling its controlling stake in oil storage and transport company TransMontaigne Inc to NGL Energy Partners LP for $200 million, essentially ending its long run as the biggest physical oil trader on Wall Street.

  • WASHINGTON, June 4- The Keystone XL oil pipeline would be vulnerable to attacks threatening water supplies for millions of homeowners and farmers, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer.

  • BRUSSELS, June 2- Russia and Ukraine agreed on Monday to examine a payment plan to settle Kiev's multi-billion gas debts and fix a price for supplies until June 2015, offering the promise of averting an energy crisis over the crucial winter period.

  • MOSCOW, June 2- Russia's Gazprom gave Ukraine on Monday an extension into next week to resolve a gas price dispute at the heart of the two countries' confrontation, a day before Moscow was due to switch off the gas unless Kiev paid in advance.