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Oil and Gas Oil and Gas Storage

  • LOS ANGELES, Jan 17- California regulators on Tuesday took a step toward reopening the Aliso Canyon natural gas storage facility after a major methane leak in 2015 forced the evacuation of thousands of nearby residents, but new injections will not be authorized until the public has the chance to weigh in. SoCalGas, a unit of California energy company Sempra...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- The California Department of Conservation's Division of Oil, Gas and Geothermal Resources said on Tuesday it would conduct two public meetings on pressure limits for Southern California Gas' Aliso Canyon natural gas storage facility. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • CALGARY, Alberta, Jan 17- Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters. The Canadian Security Intelligence Service warning...

  • LONDON, Dec 21- OPEC and non- OPEC oil producers have agreed to reduce their combined output by more than 1.7 million barrels per day for six months from January 2017. But the agreement contains a provision that it can be extended for a further six months, subject to market conditions. Oil traders are betting on an extension, with most of the rebalancing of the oil...

  • The notice, issued Sunday night, came as the utility continues to have only limited access to fuel in its giant Aliso Canyon gas storage facility in Los Angeles following a massive methane leak between October 2015- February 2016.. California agencies have said in a report looking at the ongoing outage of Aliso Canyon that SoCalGas could have a tough time...

  • The IFR followed recommendations by a U.S. interagency task force in October after a major leak from the Aliso Canyon storage facility in California last year. "This IFR addresses aging infrastructure and is the first step in a multiphase process to enhance the safety of underground natural gas storage," said PHMSA Administrator Marie Therese Dominguez in the...

  • TOKYO, Dec 7- State-run Japan Oil, Gas and Metals National Corp said it signed a contract with the world's top exporter Saudi Aramco on Wednesday to extend a crude oil storage deal on the island of Okinawa by three years. Japan and Saudi Aramco had earlier been discussing expanding the Okinawa crude storage by about 2 million barrels. Saudi Aramco has stored crude...

  • In this Sept. 7, 2014, photo, new pipelines to carry gas from Texas to Mexico, eventually reaching the city of Guanajuato, are laid underground near General Bravo, in Nuevo Leon state, Mexico.

    Amid all the talk about border security and NAFTA renegotiation, natural gas is the one element that both the U.S. and Mexico can agree on.

  • Dec 1- California agencies expect to complete their safety review of Southern California Gas' Aliso Canyon in early 2017, preventing the utility from injecting natural gas into the Los Angeles storage facility for at least the first half of winter. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • Dec 1- California agencies expect to complete their safety review of Southern California Gas' Aliso Canyon in early 2017, preventing the utility from injecting natural gas into the Los Angeles storage facility for at least the first half of winter. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • Dec 1- The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States. And even without increased supplies from elsewhere, if the Organization of the Petroleum Exporting Countries and Russia do...

  • MUMBAI, Nov 30- Indian Strategic Petroleum Reserves Ltd, the government-owned company mandated to store crude oil for emergency needs, has invited initial bids to fill its storage facility in the southern state of Karnataka. ISPRL has a total of 5.33 million tonnes or 36.87 million barrels of storage facilities across three cities in southern India- Vizag,...

  • LAUNCESTON, Australia, Nov 29- Saudi Arabia's problems run far deeper than trying to cobble together a deal with fellow OPEC members to curb crude oil output in order to bolster prices. About two-thirds of Saudi Arabia's oil exports head to Asia, and the kingdom's struggles in the region's two biggest importers, China and India, are symptoms of its wider issues in...

  • LAUNCESTON, Australia, Nov 29- Saudi Arabia's problems run far deeper than trying to cobble together a deal with fellow OPEC members to curb crude oil output in order to bolster prices. About two-thirds of Saudi Arabia's oil exports head to Asia, and the kingdom's struggles in the region's two biggest importers, China and India, are symptoms of its wider issues in...

  • A ship building yard in Singapore.

    One-time spice capital Malacca is pumping nearly $3B into a plan to put itself in demand in a different hot commodity - oil.

  • Nov 21- Tesoro Logistics LP said it would buy some oil, natural gas and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro Corp for about $400 million. The North Dakota assets, which the company is buying from a group that includes Whiting Oil and Gas Corp, consist of over...

  • Nov 21- Tesoro Logistics LP said on Monday it would buy crude oil, natural gas and other gathering systems in North Dakota from a consortium for about $700 million. Tesoro Logistics also said it would buy terminal and storage assets located in Martinez, California from a subsidiary of oil refiner Tesoro Corp for about $400 million. The consortium selling the...

  • Nov 21- Hedge fund Elliott Management, which owns about 4 percent of Marathon Petroleum Corp, urged the company to conduct a strategic review and consider splitting into three businesses. Marathon should consider spinning off of its chain of gasoline and convenience stores or break into three businesses, focused on retailing, refining and midstream...