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Oil and Gas Oil and Gas Storage

  • Oil rig afloat on the waters in Alaska

    The Obama administration on Friday blocked the sale of new permits to drill oil and gas in the Chukchi and Beaufort Seas off Alaska.

  • Nov 10- The volume of natural gas in storage in the United States hit a record high last week, despite one of the smallest builds in history during this year's injection season, as production declines for the first time in over a decade. The U.S. Energy Information Administration on Thursday said stockpiles hit 4.017 trillion cubic feet during the week ended Nov. 4,...

  • Nov 8- The Los Angeles County Board of Supervisors said on Tuesday it would vote on Nov. 9 on a motion calling on California Governor Jerry Brown to continue restricting natural gas injection into Southern California Gas's Aliso Canyon storage facility. The motion asks that injection be halted until California's Public Utilities Commission completes a...

  • ANKARA, Nov 8- Turkey expects the first unit of its planned $20 billion Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023, energy minister Berat Albayrak said on Tuesday. President Tayyip Erdogan has said that work on the Akkuyu project, in southern Turkey, would be accelerated after Russia and Turkey restored...

  • *China's oil data weakens further. A month on, however, Asia's oil markets remain oversupplied, with tankers being chartered for floating storage as onshore facilities are full. There is floating storage in and around Singapore, and Korean storage tanks are full, "said Oystein Berentsen, managing director for crude at oil trading firm Strong Petroleum in...

  • A pipeline sign stands in Cushing, Oklahoma, U.S.

    An earthquake with a preliminary magnitude of 5 struck near Cushing, Oklahoma, prompting evacuations, but there were no reports of injuries.

  • Nov 2- Southern California Gas has sought state permission to re-inject natural gas into its Aliso Canyon storage facility, shut over a year ago after a massive leak forced the evacuation of thousands in the Porter Ranch area of Los Angeles. Before the leak, Aliso Canyon was able to deliver almost 1.9 billion cubic feet per day. "Over the last year we have made...

  • CALGARY, Alberta, Oct 31- The Canadian government on Monday approved the C $1.3 billion expansion of a natural gas gathering pipeline in western Canada belonging to a wholly owned subsidiary of TransCanada Corp, with 36 conditions attached. Dirk Lever, an analyst with AltaCorp Capital in Calgary, said the approval was "absolutely expected" as natural gas...

  • Oct 28- Growing financial troubles for Venezuela's PDVSA have started to snarl its logistics and operations in the Caribbean, where unpaid bills have frustrated suppliers and business partners. The vessel, which has been unable to discharge 520,000 barrels of fuel oil from Isla refinery, has been anchored in the Caribbean sea for more than a month.

  • HOUSTON, Oct 28- Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor. Business partners in the island nations of Curacao, Bonaire, Jamaica and the Bahamas are turning away from the firm as debts pile up to tugboat operators, ship brokers, maritime agencies and terminal...

  • KRASNAYA POLYANA, Russia, Oct 27- Russian President Vladimir Putin said on Thursday Russia was ready to resume gas supplies to Ukraine at "any second" if Kiev agreed to pre-pay for supplies. Putin said the gas price for Ukraine would not be higher than what Poland pays and might be $180 per 1,000 cubic metres. Russia wants gas storage volumes in Ukraine to be...

  • LAGOS/ LONDON, Nigeria, Oct 27- An angry crowd blocks access to a Chevron facility in Nigeria's oil-producing south to demand jobs and housing, a common refrain from poor communities in the Niger Delta swamps. The incident shows what the government must address when it meets community leaders and militants in Abuja next week in an attempt to end armed attacks on...

  • Crude oil inventories down 553K barrels

    CNBC's Bertha Coombs reports the latest crude oil inventory data from the EIA.

  • Oct 24- Southern California Gas completed safety tests on more wells at its Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak, according to a report from the utility made public on Monday. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice before...

  • Chinese laborers repair an oil pumping unit at Huabei oil field.

    The government has reported surprisingly large drops in U.S. crude inventories, but they may not last.

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at most wells at its Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice before a...

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at most of its wells at the Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak that was not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days...

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at all wells at the Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak that was not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice...

  • Oct 18- The U.S. government will impose new federal rules to reduce the risk of leaks at natural gas storage facilities in the wake of last year's massive methane release at California's Aliso Canyon, a task force said on Tuesday. Operators should phase out "single point of failure" designs, which hindered the ability to swiftly control and repair the leak at Aliso...

  • Oct 18- A U.S. interagency task force on Tuesday issued recommendations aimed at reducing the risk of incidents involving natural gas facilities in the wake of a major leak from the Aliso Canyon storage facility in California last year. The task force was co-chaired by Franklin Orr, Under Secretary for Science and Energy at the U.S. Department of Energy; and...