Crude oil pipeline news

As part of the transaction, the Company has entered into a new agreement for a super-priority revolving credit facility of US$125 million due 2029, undrawn at close.

Pacific Pipeline Company and its predecessors have maintained a cathodic protection and pressure maintenance program on Line 324/325 since the pipeline was shut down in 2015.

Enbridge Inc. has announced that it will build, own, and operate crude oil and natural gas pipelines in the US Gulf of Mexico for the recently sanctioned Kaskida development.

South Bow will run TC Energy’s crude oil pipelines business, including the critical Keystone pipeline system.

The construction contractor for the East African Crude Oil Pipeline (EACOP) has received a delivery of 9 trucks from the coating plant in Tanzania of insulated line pipe.

Reuters has reported that oil and gas firms Diamondback Energy and Kinetik Holdings said they acquired a 30% equity interest in the EPIC Crude pipeline system.

Oil exports through the Iraq–Türkiye pipeline, which runs from Kirkuk to Ceyhan, have been halted since March, 2023 over ongoing legal disputes between the nations.

Oil prices are rising on supply outages amid the possibility of a US Federal Reserve rate cut.

Despite its vast reserves, a South Sudan civil war and later regional conflict have severely impacted crude oil production in recent years.

Bahrain has sold a minority stake in a key oil pipeline that transports crude from Saudi Arabia to BlackRock Inc. as the Gulf’s smallest economy looks to monetise energy assets.