Oil and Gas Oil and Gas Storage

  • *Saudi Arabia, Kuwait ahead of Iran in sales to teapots. SINGAPORE/ BEIJING, July 18- An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said. Now, Iran is eyeing the new group of Chinese buyers,...

  • TORONTO, July 12- Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Bloomberg reported on Tuesday. Teine Energy, a Saskatchewan- focused energy producer in which CPPIB holds a 77 percent stake, acquired assets from...

  • PG&E discovered the small leaks during an inspection the state required of gas storage operators after the massive leak discovered in October from Southern California Gas' Aliso Canyon storage facility in the San Fernando Valley in Los Angeles. SoCalGas has said it hopes to have Aliso Canyon, the biggest gas storage facility in California, partially back in...

  • *Britain's storage capacity very low. MILAN/ LONDON July 8- Britain faces a growing risk of spikes in wholesale gas prices as aging storage facilities mean increased maintenance and greater reliance on imports to meet spot demand. It is hard to expect that it will get better, "said Energy Aspects analyst Trevor Sikorksi.

  • Workers secure drilling pipe sections on an oil drilling tower

    Huge stockpiles of fuel and teeming strategic Chinese crude inventories could send oil prices on one last, ugly slide lower, analysts tell CNBC.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • June 22- U.S. natural gas utility Southern California Gas kept fuel supplies flowing as temperatures rose this week, passing its first test of the summer since the closure of its Aliso Canyon storage facility. SoCalGas, a unit of California energy company Sempra Energy, shut Aliso Canyon after detecting a massive leak in October. As residents in the Los Angeles...

  • MEXICO CITY, June 22- Rowdy teacher protests in southern Mexico have caused delays and bottlenecks in transporting fuel from the country's top refinery in Salina Cruz, and state oil giant Pemex is on alert for new roadblocks, a company official said on Wednesday. A key highway used by the refinery to transport nearly all of the gasoline and diesel it produces has...

  • FROM SEPT 2015 TO MARCH 2016 U.S.

  • LOS ANGELES, June 20- California's power grid operators warned homes and businesses on Monday to conserve electricity as rising demand for air conditioning stoked by a record-setting heat wave across the U.S. Monday's alert was the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural...

  • LOS ANGELES, June 20- California's power grid operators warned homes and businesses on Monday to conserve electricity as rising demand for air conditioning stoked by a record-setting heat wave across the U.S. The alert was the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural gas...

  • LOS ANGELES, June 20- California's power grid operators warned homes and business on Monday to conserve electricity as rising demand for air conditioning stoked by a record-setting heat wave across the U.S. The alert was the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural gas...

  • The alert marked the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural gas supplies normally furnished by the now-crippled Aliso Canyon gas storage field, effectively idled since a major well rupture there last fall. Southern California Gas Co, the division of San Diego- based utility...

  • LONDON, June 9- Oil investors are finally buying into the notion that the biggest risk to the price now is likely to be supply falling short of demand, rather than from any stubborn overhang of unwanted crude, the options market shows. In the last year, nearly a million barrels per day have vanished from higher-cost U.S. output, one of the key contributors to the...

  • Traders have been scooping up more gas from Canada, the world's fifth largest producer, in recent months after prices at the AECO hub in Alberta sank to a big discount to the U.S. benchmark. In addition, gas demand is rising as the United States exports more gas to Mexico via pipeline and ramps up exports of liquefied natural gas to the world, traders said.

  • June 2- California natural gas prices spiked to a five-month high after state regulators approved rules to help gas utilities manage the amount of fuel flowing in pipelines due to the ongoing outage of the Aliso Canyon underground storage facility. In October, Southern California Gas, the nation's biggest gas distribution utility, detected a major leak at...

  • The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas.

    While much of the oil industry is bleeding from low prices and oversupply, one segment is getting a boost.

  • leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer. In April, several California agencies prepared a report on potential power shortages related to last year's gas leak at the Aliso Canyon storage facility in the Los Angeles area. That report found significant risks to electricity...

  • May 18- The operator of the California power grid. said on Wednesday that natural gas shortages related to a. leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer.