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Devika Krishna Kumar

Oil steadies after Trump dashes hopes on trade deal details

12 Nov 2019

NEW YORK Oil prices ended Tuesday little changed after paring gains of about 1% following a speech from U.S. President Donald Trump that offered few new details about Washington's trade talks with Beijing.

TC Energy restarts Keystone oil pipeline at 20% pressure reduction: U.S. regulator

12 Nov 2019

NEW YORK TC Energy Corp has completed repairs and restarted the Keystone oil pipeline at a 20% pressure reduction after spilling more than 9,000 barrels in North Dakota two weeks ago, a U.S. regulator said on Tuesday.

Rare permit for Keystone oil pipeline in spotlight after spills

08 Nov 2019

The massive Keystone pipeline has been transporting oil from Canada to the United States at a higher-than-standard level of pressure since it started operating in 2010, thanks to a special permit granted by U.S. regulators on the condition operator TC Energy Corp would monitor the line closely.

Keystone oil pipeline expected to be partially restarted early next week: sources

07 Nov 2019

NEW YORK TC Energy Corp estimates the Keystone oil pipeline can be partially restarted anytime from Sunday to Tuesday, pending regulatory approval, after a more than 9,000-barrel leak in rural North Dakota, shippers on the line said on Thursday.

Energy Transfer expects supertanker facility to be in service by early 2023

07 Nov 2019

NEW YORK Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023.

As U.S. crude oil goes global, hedging goes local

07 Nov 2019

GENEVA/NEW YORK The booming U.S. oil sector has created new, local hedging opportunities for U.S producers who for decades relied heavily on well-established global futures like U.S. West Texas Intermediate (WTI) and Europe's Brent crude.

UPDATE 2-Energy Transfer expects supertanker facility to be in service by early 2023

07 Nov 2019

NEW YORK, Nov 7 Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023.

As U.S. crude oil goes global, hedging goes local

07 Nov 2019

GENEVA/NEW YORK, Nov 7 The booming U.S. oil sector is seeing a surge in hedging by producers against drops in regional crude prices to protect revenues from oil sold out of Midland, Texas, or delivered to terminals in Houston after relying for decades on global benchmarks.

Segment of Keystone pipeline ordered to remain shut after leak

06 Nov 2019

A U.S. regulator on Tuesday ordered that a segment of the Keystone pipeline that spilled more than 9,000 barrels of crude in rural North Dakota remain shut until operator TC Energy submits a restart and return-to-service plan because of the hazards posed.

Plains All American expects Wink-to-Webster crude pipe construction to begin by year-end

06 Nov 2019

NEW YORK Plains All American Pipeline LP said on Tuesday it expects to begin construction on the Wink-to-Webster Permian crude pipeline by the end of the year and is targeting bringing the line to service by early 2021.

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