How important are Pipelines in America? Very, there is no question pipelines are important for the American economy and help propel growth in the oil industry.
17 billion barrels of oil have flowed through the 800-mile TAPS pipeline.
There is no credible way to transport oil and natural gas without pipelines
If you had to pick a time and place where energy production in the United States really gained momentum, you could do worse than 42 years ago in Valdez, Alaska. It was there, on June 20, 1977, following completion of the 800-mile TAPS pipeline, that the first oil arrived from Prudhoe Bay on Alaska’s North Slope.
Since then, more than 17 billion barrels of oil have flowed through the pipeline and loaded on about 22,000 tankers. The United States has now undergone an energy transformation from a nation of energy dependence and scarcity to one of energy security and abundance.- read more @ thehill.com
Texas is also another State seeing growth in Oil exploration activity because local and state politicians have a pro-business and pro-growth agenda. The $1.75 billion pipelines that will pump up to 2 billion cubic feet of natural gas a day to the Coastal Bend from the energy-rich Permian Basin is running ahead of schedule and could be operational by mid-September, project developer says.
North Dakota is another State seeing gains in oil output because of pipeline infrastructure. The 1,172-mile pipeline from North Dakota to Illinois, Dakota Access LLC, a subsidiary of Energy Transfer, notified North Dakota’s Public Service Commission seeks to double the amount of crude oil it can ship through the Dakota Access pipeline to 1.1 million barrels per day.
Russia’s oil production continued to fall this month / contaminated oil
Russia’s oil production continued to fall this month, two industry sources told Reuters on Monday, under pressure from lower exports after shipments via the Druzhba pipeline to Europe were found to be contaminated in April. read more @ CNBC Russia’s oil production continues to fall after Druzhba contamination -sources
Some 5 million tonnes of oil were contaminated in April with organic chloride and the dirty crude is now stuck in pipelines in Belarus and further West – in Poland, Germany, Ukraine, Slovakia, Hungary and the Czech Republic.
Russia will pump dirty crude oil back from Belarus as it tries to clear a major pipeline of the contaminated oil that has caused the worst ever disruption to its oil exports, sources and officials said on Friday.
Germany’s economy ministry and oil industry association said that on going technical problems with crude supply on Russia’s Druzhba pipeline did not pose a threat to the security of oil product supply. – https://steelguru.com
Washington: Nord Stream 2 sanctions on the way
Washington is getting ready for another sanctions package that if put in place would put major restrictions on companies involved in Russia’s $10.5-billion Nord Stream 2 project.
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project and would come in the “not too distant future”.
US sanctions against the controversial Nord Stream-2 pipeline from Russia to Germany are unlikely to stop the project’s construction but may prevent Russian gas monopoly Gazprom from using the pipeline at full capacity in the future, Alexei Kokin, a senior oil and gas analyst at UralSib Financial Corp in Moscow, told New Europe on 23 May. neweurope.eu
Half of the €9.5 billion project is financed by Gazprom, with the rest covered by its European partners: Germany’s Wintershall and Uniper, Anglo-Dutch Shell, France’s Engie and Austria’s OMV. – https://www.euractiv.com
The US wants to expand its LNG exports into the EU and has frowned upon any new pipelines into Europe from Russia. Even after the EU Promised To Double US LNG Imports Within 5 Years. at the start of the month, U.S. Energy Secretary Rick Perry addressed the High-Level Business-to-Business Energy Forum in Brussels, telling them that U.S. gas is more reliable than Russian gas.
Why Russia wants the Nord Stream 2?: Ukrainian
Russia decides to forge ahead with the pipeline after the Ukrainian Government was found stealing Russia gas from the pipeline passing through into Europe and disputes concerning gas debts and non-payment. “If Nord Stream 2 becomes operational, Ukraine will be cut out from gas transit, losing roughly the equivalent of its defense budget each year in fees,” said Agnia Grigas, energy and political risk expert at the Atlantic Council.
Russian President Vladimir Putin said that Russia will continue gas transit through Ukraine if it remains economically feasible.