Crude oil pipeline news

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.

Ukraine will continue to meet its obligations to transit Russian oil to Europe after earlier suggesting it could halt supplies via the Druzhba pipeline next year, says Reuters.

Shell has said it plans to shut-in different portions of its Louisiana Zydeco pipeline system for maintenance for three to four days starting 24 September, says Reuters.

Based on projects currently underway, EIA expect that new pipeline capacity will deliver crude oil and natural gas from the Permian region to demand centres and alleviate transportation constraints.

Oil deliveries via pipelines and tankers hit 7.46 million t last month, according to figures released on Tuesday 20 August, 2024, by the GACC.

bp puts forward two scenarios for oil demand in 2025.

Brent rises on bullish US inventories, war zone tensions: Rystad Energy's oil macro market update.

High impact exploration has seen average discovery sizes decline year on year from nearly 500 million boe in 2019 to 220 million boe in 2023 whilst overall finding costs have gone up by a factor of six in the same period.

Oil and gas contracts market sees 37% decline in value during 1Q24, reveals GlobalData.