News

A Democratic leader said on Sunday a single vote could determine the fate of the Keystone XL pipeline in the U.S. Senate this week but that President Barack Obama was likely to veto the bill even if it passes. The Republican-led U.S. House of Representatives on Friday approved the pipeline, which would carry oil from Canada to refineries on the U.S. Gulf Coast, and the Senate is expected to consider it on Tuesday. The 45 Republicans in the ...

Two short crude oil pipelines in China operated by Sinopec Group are shutting temporarily due to worries over safety, Chinese authorities said. Sinopec has been ordered to shut the 179-km Linyi-Cangzhou pipeline and a 40-km pipeline from the Tanggu oil depot to Dagang in Tianjin by Nov. 20, the State Administration of Work Safety said on its website late last week. Authorities said that unannounced inspections had found numerous problems, including « stress corrosion and fatigue damage ». Sinopec ...

Russia and India will establish a working group to consider the supply of oil from Russia to India via Central Asia, Russian news agency TASS has reported. Russia

Magellan Midstream Partners plans to proceed with the Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara play in northeast Colorado to Magellan’s storage facilities in Cushing, Oklahoma. Binding commitments have been received from a wholly owned subsidiary of Anadarko Petroleum Corp. and Noble Energy Inc. as part of the pipeline’s ongoing open season. Based on these commitments, Magellan is proceeding with the Saddlehorn Pipeline. The current open season for the Saddlehorn Pipeline has been extended ...

Pakistan and Iran have agreed to look for a middle ground to implement the Iran-Pakistan gas pipeline. The decision was taken during the meeting between the two parties held on Tuesday in Tehran, Pakistani newspaper Express Tribune reported.