A major consolidation of China’s oil and gas pipeline assets and storage facilities is underway, as PetroChina Company Limited announced yesterday that it has entered into a transaction with PipeChina for the sale of certain assets valued at approximately CNY268.7 billion (USD38 billion). These assets include major oil and gas pipelines, certain gas storage facilities, […]

Andeavor, a U.S.-based marketing, logistics and refining company, has been awarded pipeline and storage terminal capacity that will facilitate a new round of expansion of its ARCO® brand of gas stations in Mexico. Pemex Logistics announced that Andeavor was the successful bidder in the Open Season 3.1 for the North and Pacific Systems in the […]

ExxonMobil and Plains All American Pipeline, L.P. have signed a letter of intent to pursue the creation of a joint venture to construct a pipeline to transport crude oil and condensate from multiple locations in the Permian basin to the Texas Gulf Coast in the United States. The proposed common carrier pipeline would be designed […]

The Bangladeshi government plans to build five major pipelines within three years, with a total length exceeding 600 kilometres (km), to transport petroleum products across the country at a cost of around BDT81.21 billion (USD988 million), The Financial Express reported. The pipeline network includes four intra-country pipelines and a cross-country pipeline with India, said Sayed Mohammad […]

Holly Energy Partners, L.P. has entered into definitive agreements to acquire a 50% interest in Frontier Aspen LLC, the owner of the Frontier Aspen Pipeline, and a 75% interest in the SLC Pipeline LLC, the owner of the Salt Lake City Pipeline, from affiliates of Plains All American Pipeline, L.P for an aggregate purchase price […]

BP announced that it is evaluating spinning off its pipeline assets in the United States through an initial public offering (IPO) of a master limited partnership (MLP). The midstream assets that are being considered for initial contribution to the MLP are crude oil, natural gas and refined product pipelines located in the Midwest and on […]

Asia’s largest oil and gas company PetroChina has established a new pipeline unit by combining three subsidiaries and restructuring assets with domestic partners via equity transfers. The move is in preparation for possible divestments. PetroChina would own 72.26% of the new pipeline unit called PetroChina Pipelines. Other partners, which include institutional investors and private firms, […]

Emirates National Oil Company (ENOC) announced a new pipeline project worth USD 250 million to fuel aviation growth at Dubai airports. ENOC, through its subsidiary Horizon Terminals, announced the launch of Project Falcon, a 58-kilometer jet fuel pipeline that links its storage terminal in Jebel Ali with Dubai International Airport. The pipeline also includes provisions […]

Indian Oil Corp. Ltd. (IOC), India’s largest state-owned oil company, has opposed a move by the Petroleum and Natural Gas Regulatory Board (PNGRB) to declare 20 of its petroleum product pipelines as common carriers. These pipelines, which account for nearly half of the company’s pipeline capacity of 80 million tonnes, have a combined capacity to […]

Bangladesh and India will establish next month a joint venture firm that will build the first onshore product pipeline from the Numaligarh Refinery, located near Bangladesh’s northeastern border in the Indian state of Assam, to Bangladesh. The Numaligarh Refinery is a joint venture between Bharat Petroleum Corp. Ltd. (BPCL), which is the majority stakeholder, the government […]