Pipestone Projects’ Post

Crude oil markets are complex, and different pipeline types can feed into different kinds of facilities. Also, storage and processing facilities can be located anywhere throughout the system to facilitate operations or increase efficiency. If a pipeline crosses provincial or international boundaries, it is regulated by the CER. Typically, if a pipeline is contained within a province, it is under the jurisdiction of a provincial regulator unless deemed a federal undertaking. The CER regulates approximately 68 000 km of operating pipelines, including 19 142 km of operating oil pipelines. The map below shows the major oil pipelines regulated by the CER. Source: Government of Canada

The U.S. Department of Energy (DOE) has announced new solicitations for the Strategic Petroleum Reserve, aiming to purchase up to 1.5 million barrels for the Bayou Choctaw site and an additional 2 million barrels for the Bryan Mound site. Bids for the Bayou Choctaw site are due by August 13, 2024, and for the Bryan Mound site by August 20, 2024. 💼 The DOE is targeting a price of $79 per barrel or less, aiming to refill the SPR after significant withdrawals in 2022. Recent purchases and secured deliveries bring the total to 180 million barrels since the 2022 releases. 🌍 🔗 Read more about these developments: https://lnkd.in/gkxd9rer #StrategicPetroleumReserve #OilMarket #DOE #EnergyNews #SPR #OilBids #PetroleumReserve #EnergyUpdates #Rigzone #OilPrices

Total oil pipeline throughputs reached record levels for a third consecutive year, due to growth in oil sands production. Utilization rates on Canada’s three largest crude oil pipelines—Enbridge Mainline, Keystone, and Trans Mountain —remained consistently high throughout 2023, with Keystone and Trans Mountain operating at or near maximum available capacity: https://ow.ly/t4S150SyZuA.

DO YOU WANT TO BUY DIRECT FROM REFINERY- IT IS FOR YOU In general, the refineries who extract crude oil - gas from deep of the ground, all the way, have no resources or time to sell it to open market buyer peoples. Refineries also need big volume liquid money to run the field. To facilitation of refinery’s smooth works, mostly depend on agents, who take responsibilities for marketing and fund supply. Whom do we can call as title holder/end seller etc. Title holders/ end sellers/ agents mostly serve as the bridge between buyers and sellers, offering transparency, efficiency, and reliability throughout the transaction process. Whether you’re a producer looking to reach new markets or a buyer searching for the best sources of crude oil and petroleum products, Those Title holders/ end sellers/ agents streamline the connection, taking care of every detail from negotiation to logistics. In a few cases, some big Title holder/ end seller/ agent- take lease the field from owner/country for extract crude oil and gas, and only those limited companies are direct to market buyers. When we say – mandate or linked with refineries- most of time not perfect. That is fully personal expression: WhatsApp +880 171 3488 234 [email protected]

The field holds 560million barrels of oil in place and recoverable is 190 million barrels of oil for 20–25 years. The Kingfisher field development includes the development of a central processing facility (CPF), 31 wells over four well pads and 19km of flowlines adjoining the CPF. Out of the 31 wells, 20 will be oil-producing wells and the remaining 11 will be used to inject water into the reservoir. The first well was spudded in January 2023. The production from the field is expected to be 40,000bbl per day, which will start to decline after five years.

Sources indicate that there has been a significant development in the deregulation of petroleum product prices. Prime Minister Shehbaz Sharif has ordered the cessation of the government's authority to set these prices. Following this directive, the Petroleum Minister has convened an important meeting scheduled for tomorrow. The government is planning to gradually transfer the authority to set prices to oil marketing companies. In this context, the Chairman of OGRA has been instructed to assess the impacts and formulate a strategy for the deregulation process. The finalized framework for deregulating petroleum product prices will be submitted to the Prime Minister for approval. However, sources reveal that petroleum dealers have opposed granting oil marketing companies the power to set prices. They have expressed concerns that unrestricted authority could lead to unjust profiteering by these companies. The dealers argue that without proper regulation, there is a risk of oil marketing companies exploiting the situation for excessive profit.

Gelber Gas Daily (+ crude!) BREAKING: #NaturalGas -- EIA Reports +59 Bcf Injection (G&A predicted 60); US Court Upholds FERC Certification:  NYMEX natural gas prices were up about $0.07/MMBtu, breaking through the significant $2.00/MMBtu level once again, prior to the EIA’s storage release for the week ending April 26th. Analyst expectations for the storage release were in the range of a 50 to 75 Bcf injection, a decently tight range for what could still be considered the beginning of the injection season. The EIA reported a 59 Bcf injection, close to analyst averages and 1 Bcf off of G&A’s prediction of 60 Bcf. This puts the total amount of gas in working gas storage at 2484 Bcf, 436 Bcf (21.3%) above last year’s gas levels at this time and 642 Bcf (34.9%) above the 5-year average. The storage release introduced some bullish pressure driving up NYMEX natural gas prices an additional $0.02/MMBtu to where it sits as of publication at $2.02/MMBtu.   The US Court of Appeals for the Washington DC Circuit dismissed a petition seeking to halt the Evangeline Pass Expansion project, a natural gas pipeline expansion in Louisiana being undertaken by Kinder Morgan’s Tennessee Gas Pipeline expected to serve the Plaquemines LNG export project. The petitioners argued that the project's environmental impacts constituted irreparable harm and therefore violated federal regulations. However, the court found that the Federal Energy Regulatory Commission (FERC) had reasonably determined that the Evangeline Pass Expansion was not directly connected to the Plaquemines LNG terminal or the associated gas projects that would serve it, including Gator Express, East Lateral XPress, and the Venice Extension. The court noted that while the infrastructure may serve different functions, its primary purpose is to transport more natural gas and found that FERC's certification of the project was reasonable and reasonably explained. The Evangeline Pass Expansion was initially scheduled to begin service two months ago, but Tennessee and Southern Natural Gas requested an extension to September 2025 due to delays in securing construction contractors, finalizing land acquisition, and obtaining state and local permits. #Crude -- WTI Crude Oil Continues Decline as Permian Pipeline Plans Maintenance: WTI Crude Oil futures are down for the fourth consecutive trading day, a continuation of the recent bearish response to inventory reports. Prompt month futures are down 25 cents today, currently sitting at $78.82/bbl. In related news, the largest crude oil pipeline exiting the Permian Basin by volume — Wink to Webster (W2W) — is planned to be offline for maintenance for the first 10 days of June. As of January, approximately 150 Mb/d was flowing on W2W from Wink. #Naturalgas #Oilandgas #Commodities #NYMEX #HenryHub #Trading #Hedging #Gelber #markets #LNG #OPEC #Crude #oil #EIA #gas #gelber #WTI